Dr. Doom posted on February 15, 2019 10:41:27
Yes it finally happened and many already predicted it since Jamie Dimon bashed Bitcoin so hard, they are now issuing their own stable coin based on the US dollar, to facilitate interbank transactions and could bypass SWIFT! (Sounds like trouble for XRP, competition wise) However the coin also means another layer of risk and uncertainty on an already questionable currency (USD). It doesn't look like the average crypto investor is going to deal with this directly, so we won't have to worry about it. However the scam that Jamie is pulling off by vocally delegitimizing the crypto world, while simultanelously buying in big time and launching its own coin, is really very very shady business! Aka Jamie's Shitcoin lol
Jason T. posted on February 15, 2019 10:54:32
Lol so Jamie Dimon went from hating on Bitcoin to creating his own centralized digital currency? This coin isn't even real cryptocurrency. It is a centrally controlled, private and permission blockchain. They are using Ethereum infrastructure but their own private version. Only their clients who pass strict KYC verifications can use this for interbank settlements. At least hopefully in the future cross chain protocols can take advantage and connect various disparate systems like this? Not sure either way this is not a real coin.
Martin k posted on March 22, 2019 22:58:31
Who wanted this guy to make a crypto in 2017? Well now you have it. These guys spit in our face for 10 years and then hop om the train with their shady projects that go against everything we're trying to build. And they want to call that a cryptocurrency? Gtfo
Luke B posted on March 23, 2019 06:40:41
does this even need to be on a review site?? everybody should know exactly what this coin is anyway.. just a pure scam! 1 its only for their customers which says it all right there! its gonna be a coin used for fast/cheaper larger payments between them each other now it would be nice if their 6 trillion of moving fiat would be transfered into the crypto market cap but i doubt thats gonna happen!
CryptoMuskrat posted on March 31, 2019 10:18:53
Well I wouldn’t call it shady or a scam as it’s basically being created exclusively for JPMorgan customers at first. JP Morgan aren’t a small company and are widely respect. To shout scam and shady are a bit out of context. It won’t be traded anyway.
jim530 posted on April 12, 2019 01:12:31
No! No! No! Big banks are not your friend, unless you have a banking license then you can just print money. I am no tech expert but i know our fiat money and its history and how banks work and i would not trust anything they make. They are loosing power and the ability to control the masses and they know it. This will be allowed to exist only because of fear and weakness of individuals that will flock to it with no understanding of it. Governments and banks fear the blockchain if it is ran by the public but not if they control it, this is something we all should stop and think about. Why is it we can not be trusted with to make our own decisions and have our own money? Why is the only currency we are supposed to use controlled by a select few individuals with the ability to print more and the ability to take what i have at a whim? I will guess it is not for our best interest.
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