Quote from: amishmanish on Today at 06:03:30 PM

JPMorgan Chaseis the biggest bank in America. It is odd the way that someone like Jamie Dimon who has presided over this empire for so long, can be so foolishly opposed to an idea.

A bank is in the business of managing the movement of money but the more important function that banks perform is managing the credit cycle that leads to the multiplier effect. Bitcoin is simply not in that same business and has nothing against the work that banks do.

This is also the reason that a lot of these institutions are now gradually starting to accept that Bitcoin is here to stay. Yes, there is a need to dissuade bad players but that a law and order issue which is definitely not exclusive of Bitcoin. Instead of rallying against bitcoin in such stupid manner Jamie should use his clout and the enormous resources to find a way to better integrate bitcoin into his services.

His opposition is almost like a hatred, an emotional stance, rather than a well-thought out, rational one.

If Jamie Dimon shuts down Bitcoin totally, will it stop the the bad guys from operating? No it won't, they will definitely turn to Fiat for all their transactions. Why not shut down fiat too?
This is a proof that there is more to Jamie's claims, all he wants is total control!. He wants to know what comes in and out, how to tax Bitcoin earners, how to earn from transaction charges and give Bitcoiners tough time. Bitcoin is just a threat to them all because they cannot control it. To even think of it, which government will approve what they cannot control? The ones who know what's up have approved it and are seeing the benefits already while those who are just interested in control are wasting their efforts fighting it. Bitcoin has come to stay, no going back!