Fiasco banker: JPM Coin compared with a wet noodle
Source:
Analyst Max Keiser was one of the first openly spoke against Jamie Daimon and JPM new stablon Coin. In his opinion, the announcement of a centralized cryptocurrency from one of the leading investment banks in the US was the reason for the recent rally . However, the project is doomed to failure in the long term.
theWhat is so bad JPM Coin?
Max pointed to the arrival of the company Daimon in kriptonyte very colorful metaphor.
Jamie Dimon hastened to fight with Bitcoin, armed with a wet noodle instead of a knife. Market participants have estimated JPM Coin and began to aggressively buy BTC. Wall street never fail to capture the level of dominance of Bitcoin, which is already being prepared to become the new global reserve.
JP Morgan's Jamie Dimon showed up to a street fight with armed with a wet noodle called JPM Coin. The market took one look and started buying Bitcoin aggressively. Wall St. will never catch up to out bitcoins crypto's dominance as it vies for global reserve status.
— Max Keiser, tweet poet. (@maxkeiser)
Recall that by the end of this week the bulls have made a successful attempt to break resistance near $ 4,000 on the chart of the main cryptocurrency. Unfortunately, to gain a foothold above them and failed — now the price of Bitcoin fell nearly 8 percent and was fixed at 3834 dollars.
Since the official release of the JPM Coin got a big dose of criticism from key figures in the industry. For example, the CEO of Ripple believes that the creators of the project have set themselves the wrong target. In other words, the announcement of the centralized network today can be compared with the launch of AOL after Netscape's IPO.
One of the alleged candidates for the role of Satoshi Nakamoto Nick Szabo has compared to the JPM Coin with national crypto-currency of Venezuela El Petro because of the need to trust Central system.
In which way has the new alleged JPMorgan crypto coin is anything to do with the blockchain/crypto? It is private not public, permissioned not permissionless, based on trusted authorities verifying the transaction is not trustless, decentralized not centralized. Calling it crypto is a joke
— Nouriel Roubini (@Nouriel)
But Nouriel Roubini supported JPM Coin. In his opinion, the project even has anything to do with Baccano and call him «the crypt» just not worth it. What do you think about centralized startups? Share your thoughts in our .
The situation surrounding the courses, coins are better to follow . Inside graphics, changes and everything else.
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