[ad_1]
Max Keizer is the latest in a long line of cryptography experts to criticize Jamie Dimon and JPMorgan, JPM Coin. He also suggested that the announcement of Dimon's new central stable room boosted the last bitcoin price rally.
Never bring a noodle to a knife fight
In his tweet, Keizer appreciated Dimon's arrival on the crypto scene where JPM Coin was standing, to "show (up) a street fight … armed with a wet noodle".
Jamie Dimon of JP Morgan took part in a street fight with #Bitcoin armed with a wet noodle called JPM Coin. The market took a look and began to buy Bitcoin aggressively. Wall St. will never catch up with Bitcoin's dominance of crypto, as it fights for world reserve status.
– Max Keizer, poet tweet. (@ maxkeiser) February 24, 2019
He suggested that the mere thought of JPM Coin (we suppose the alternative) has convinced the market to aggressively buy bitcoins. Last week, the price of bitcoin rose by about $ 3,600, first to $ 4,000, then again to $ 4,200.
Join the queue, buddy
Since its unveiling on Valentine's Day, JPM Coin has received its fair share of constructive criticism.
Brad Garlinghouse, CEO of Ripple, said the project …
The introduction of a closed network today is to launch AOL after the IPO of Netscape.
… but then he would, as Ripple would seem to have the most to lose in case of success.
Nick Szabo compared the chip to Petro de Maduro in Venezuela because of the degree of confidence required to use it.
Some insisted that, by definition, JPM Coin, which was not open and without permission, should not at all be described as cryptocurrency. Perhaps surprisingly, one of these people was Nouriel Roubini, a Bitcoin skeptic, because of his notoriety, which led some crypto enthusiasts to question their own beliefs.
How does the new so-called JPMorgan encryption relate to blockchain / crypto? It is private non-public, authorized without authorization, on the basis of trusted authorities verifying the transaction not without trust, centralized non-decentralized. The crypto call is a joke
– Nouriel Roubini (@Nouriel) February 14, 2019
Where I come from
Jamie Dimon has a tense relationship with the cryptocurrency community, after calling Bitcoin "fraud" in 2017. He then changed his mind, regretting his words, probably knowing that there was money to win.
Keizer has always remained unimpressed by Dimon. In an interview with Bitcoinist Last December, while marrying his belief in Bitcoin, he urged us to "leave the devils to idiots like Jamie Dimon".
Do you agree with Max Keizer? Share your thoughts below!
Images courtesy of Shutterstock
[ad_2]
Source link
