Max Keiser became the most recent in a line that is long of pundits to criticize Jamie Dimon and JPMorgan’s JPM Coin. He also suggested that the announcement of Dimon’s new centralized stable-coin had spurred the bitcoin price rally that is latest.
Never Bring A Noodle To A Knife Fight
In his tweet, Keiser liked Dimon’s arrival in the crypto-scene JPM that is holding Coin to “show(ing) up to a street fight… armed with a wet noodle.”
JP Morgan’s Jamie Dimon arrived up to a road battle with #Bitcoin armed by having a noodle that is wet JPM Coin. The market took one look and started Bitcoin that is buying aggressively. Wall St. will catch up to never Bitcoin’s crypto dominance since it vies for international book status.
— Max Keiser, tweet poet. (@maxkeiser) February 24, 2019
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He suggested that the simple looked at JPM Coin (one assumes the*************************) that is(, convinced the market to aggressively buy bitcoin. The week that is past heard of bitcoin price rally from around $3600, firstly as much as the $4000 mark, however to briefly hit $4200.
Join The Queue, Buddy
Since its unveiling on Valentine’s Day, JPM Coin has gotten its reasonable share of (varyingly) constructive critique.
Ripple CEO, Brad Garlinghouse, said the project…
misses the idea – launching a network that is closed is like establishing AOL after Netscape’s IPO.
…but he then would, as Ripple seems to have most to lose when it is a success.
Nick Szabo likened the token to Maduro’s Petro in Venezuela, because of the quantities of trust necessary to ( use it*********)
There had been people who insisted that by meaning, the perhaps not JPM that is open-and-permissionless Coinn’t be called a cryptocurrency at all. Perhaps surprisingly, one of these people was notorious Bitcoin-sceptic, Nouriel Roubini, causing some crypto-lovers to start questioning their beliefs that are own
In which method has got the brand new JPMorgan that is alleged coin anything to do with blockchain/crypto? It is private not public, permissioned not permissionless, based on trusted authorities transaction that is verifying trustless, centralized not decentralized. Calling it crypto is just a joke
— Nouriel Roubini (@Nouriel) February 14, 2019
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Where We Result From That’s Combat Talk
Jamie Dimon has already established a fraught relationship because of the cryptocurrency community, after calling Bitcoin a “fraud” back in 2017. He later on possessed a noticeable modification of heart, saying he regretted their terms, presumably whenever realizing that there is cash become made.
Keiser has remained regularly unimpressed with Dimon. Within an meeting with Bitcoinist last December, while espousing their belief in Bitcoin, he urged us to “leave alts to dickheads like Jamie Dimon.”
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