BITCOIN IS A SCAM - Your Daily Hash

BITCOIN IS A SCAM - Your Daily Hash - 9/13/17

Oops! I meant "fraud".

According to James Dimon, the Chief Officer of JP Morgan, a multi-national, and financial services company, Bitcoin does not have a long-term future.

At the Fortune Global Forum, he said:

"This is my personal opinion, there will be no real, non-controlled currency in the world. There is no government that's going to put up with it for long ... there will be no currency that gets around government controls."

"Bitcoin is a fraud that will ultimately blow up."
Source

This news has had an effect on the market, as prices have tanked even further, following the announcement that China has banned ICOs.

Prices have tumbled even further, with Bitcoin falling below 4,000.

My opinion on this is that, given the credibility of JP Morgan, there isn't anything to worry about when it comes to Bitcoin.

Also,

Isn't JP Morgan part of the Enterprise Ethereum Alliance?

Ethereum is a scam too! Oops I mean't "fraud".

Last week, a Vanity Fair article, reported that JP Morgan paid out $13 Billion dollars to the U.S government because of its role in the financial crisis and mortgage security disaster that ~~set back~~ destroyed, the U.S economy.

The fact that the big banks are advising against Bitcoin is proof of its disruptive nature.

Think about it, if you were the third party between someone's money and someone else's money, as a benefiting middle-man, would you want to be removed from the equation?

I'd rather trust a decentralized, immutable ledger then trust a 3rd party that has the ability to do shady things with, not only my money, but our money.