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| author | libertyranger |
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| permlink | bitcoin-and-ethereum-are-a-novelty-it-mmust-be-true-because-jamie-dimon-just-said-so |
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| title | "Bitcoin and Ethereum are a NOVELTY - It Mmust Be True Because Jamie Dimon Just Said So." |
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| body | "Well folks looks like JP Morgan's Jamie Dimon is at it again. Dimon did an interview with [CNBC India](http://www.cityam.com/272451/jamie-dimon-faces-market-abuse-report-after-his-comments/amp) this Friday morning where he stated that the coin offerings , ICO's, a new red-hot cryptocurrency based fundraising method using digital coins like Bitcoin are concerning to him.
[img src](https://www.google.com/search?biw=1280&bih=670&tbm=isch&sa=1&q=jamie+dimon+bitcoin&oq=jamie+dimon+bitcoin&gs_l=psy-ab.3..0i24k1.1557.3452.0.3801.8.8.0.0.0.0.98.615.8.8.0....0...1.1.64.psy-ab..0.7.520...0j0i67k1.0.qrvWrnoSVY8#imgrc=NXa7I1gUh25QLM:)
Diamond claims it's creating something out of nothing. Well I'm pretty sure Jamie that Federal Reserve notes or just creating something out of nothing also. Jamie, In case you missed it, Bitcoin and other crypto currencies can be printed out as paper wallets. Just imagine my shock.
Diamond finds this is unacceptable because he claims that "governments like to control their currency" and they want to "know who has it". I think with Jamie Dimon talking out of his ass what he failed to say was the banks like to control the government. The Federal Reserve in the United States is beholden to no one if they create policy that influences United States government's economic policy.
Jamie Dimon then went on to extol crypto currencies as a novelty saying **"So right now I say these crypto things are kind of a novelty"** and **"The bigger they get the more governments are going to close them down."**
Steemians, what we are seeing here is an outright Panic from one of the largest banks. They are losing their grasp on the fiat economy. They're losing control over monetary policy and people like Jamie Morgan or flipping the f*** out. Just keep in mind every time one of these assholes like Dimon takes a dump on crypto currencies it's going to go down and you know what that means, it's time to buy more crypto.
Always remember this, for every dollar that you invest in a crypto currency is a dollar that Jamie Dimon and the other Banksters no longer have control of.
Also let's not forget that JP Morgan is working on their own blockchain technology that will eventually issue a digital currency and compete with other crypto's. I personaly am hoping that XRP Ripple eats JP Morgans lunch before they can launch though.
The hypocrisy in the banking industry is unmatched but anything I have ever seen including the dementia that rules the United States Democratic Party. *Just had to get that jab in. Sorry if it offended you.*
### Just my two STEEMS Worth.
### If you enjoyed this let me know with a resteem and an upvote.
### Please Follow my account and leave your comments too.
### NOTE: I always upvote same day comments." |
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