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RE: Is bitcoin a currency and is Jamie Dimon correct that it is a fraud - 'no' to both. Not throwing rocks but showing a few...

in #bitcoin7 years ago

Lots of people and articles out there now calling Bitcoin a scam/joke. Most of these people work in financial industry which is in direct competition with these Cryptos and ICOs.

I think the financial industry is worried about being destroyed by Bitcoin and other Cryptos so much that they need big shots like Jamie Dimon to scare potential stock and bond holds from selling their financial assets and investing in Cryptos or they are trying to slam the price down so the banking club can buy it up cheap.

You don't see them bashing Ripple or other financial companies spending millions on blockchain technology now do you?

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I agree that the big wigs are putting on a fright show to get money to move out of crypto. Take the recent play by China for instance, banning new ICOs was it?... I think such moves allow the big money to come in at lower prices. Great time to keep investing in crypto, as the technology is not likely to go anywhere, anytime soon. #moneyasdebt

As long as we make profit out of it, i don't think we need not bother who says what.