Bullet points of this little chat:
JPM Coin
- Who can use it.
- Is it a "stablecoin"?
- Is it a public network?
- Is it the antithesis of BTC?
VIEW VIDEO HERE
Let’s consider this addition to JP Morgan Chase bank and how it could possibly still be seen as a positive for this cryptocurrency movement.
Banks are and should be threatened by Bitcoin and this world of cryptocurrencies because they do not require intermediation.
(Which is exactly what banks do.)
This is what we call disruption.
It is what creates the bleeding edge of technological advancement. In a world where everything seems to be going digital, it’s incredibly exciting to see this development with currencies and how they can work in new ways. Peer to peer, permission less, immutable, without intermediaries.
Those who are chronically optimistic will look at this creation of JPM coin as at least a step in the right direction. A sign of what is to come: mainstream adoption of cryptocurrencies.
So here are my words of encouragement, if your friends or family members begin asking you what you think of JPM coin, tell them how it works, tell them its short comings, but most importantly, tell them about the philosophy behind Bitcoin.
Bitcoin, the thing he (Jamie Dimon) hated and is now borrowing its framework to create a tool that ensures his company remains relevant.
If you find yourself not very confident in this potential conversation, please take some time to explore the links I’ve provided down in the video description to learn more and become a source of information and inspiration yourself.
Welcome to the Rabbit Hole
Who are the CypherPunks
What’s this All About Anyway
Bitcoin vs Blockchain
Why BTC?
BTC Myths Debunked
Why Most Economists Hate BTC
What is a Blockchain
What is Proof of Work?
Words From Satoshi 1
WFS 2
WFS 3
WSF 4
WSF 5