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In response to "LYC: My bitcoin holdings are only down about 3% now as bitcoin closes in on $44k" by oblique

Jamie Dimon to congress: "If I was the government, I'd close it down" -- (link)

Posted by hollywood big shot (aka pickmix) Dec 6 '23, 13:51

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https://www.cnbc.com/2023/12/06/jamie-dimon-lashes-out-on-crypto-if-i-was-the-government-id-close-it-down.html (www.cnbc.com)

Responses:

"though his bank is heavily involved in blockchain, the enabling technology for the $1.6 trillion industry" - David Dec 6, 14:06 2
- All the banks are heavily involved in the technology. There is some hope that at some point it might help with bank security issues, but not as a - pmb Dec 6, 14:09 1
  - Blockchain definitely has uses. But crypto is like selling the hole punches from old hole punch programming cards. -- nm - TWuG Dec 6, 14:26
OMG I agree with Jamie Dimon. -- nm - pmb Dec 6, 14:00 6
- It's gotta be coincidental though. More than almost anyone except Musk, Dimon makes arguments that sound like they're macro when what he means is - Max Dec 6, 14:10
- Right? About the only thing crypto has been successful at is money laundering -- nm - TWuG Dec 6, 14:01 4
  - I'm listening to the Number Go Up audiobook and it's hilarious how transparent it is - Reagen Dec 6, 14:08 2
    - I honestly question my own education when I hear people talk it up and see it do well. "Am I missing something? It's a scam, people!" - TWuG Dec 6, 14:24 1
      - FOMO. That's what it's all been about. -- nm - pmb Dec 6, 14:36
  - It's always been a solution in search of a problem and the only one it found is criminal. -- nm - pmb Dec 6, 14:04

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