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(Reuters)   DaiMon warns against investing your latinum in hooman Bitcoins   ( reuters.com) divider line
    More: Obvious, Washington Mutual, Money, Dimon, virtual currency, Jamie Dimon, Trade, Finance, Chief executive officer  
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576 clicks; posted to Business » on 13 Sep 2017 at 11:50 AM (36 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



18 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2017-09-13 11:10:23 AM  
Yeah, that's the ticket. It's bitcoin that's a fraud, not the fractional reserve banking system.

/DIAF Jamie
 
2017-09-13 11:42:00 AM  
Bitcoin mining is an NP-complete problem. Those always scale with no issues whatsoever.
 
2017-09-13 11:56:49 AM  
Someone sounds jelly.
 
2017-09-13 11:57:27 AM  
hyoo-mon

fixed
 
2017-09-13 12:25:39 PM  

bdub77: Yeah, that's the ticket. It's bitcoin that's a fraud, not the fractional reserve banking system.

/DIAF Jamie


Neither is a fraud, one of them simply won't work as intended due to technical limitations. The other is working just fine.
 
2017-09-13 12:28:04 PM  

whidbey: hyoo-mon

fixed


The proper spelling is humon. No need for any fancy hyphenation.
 
2017-09-13 12:41:27 PM  
A server full of bitcoin data is worth a server: Rule of Acquisition 289
 
2017-09-13 12:41:30 PM  

Telos: bdub77: Yeah, that's the ticket. It's bitcoin that's a fraud, not the fractional reserve banking system.

/DIAF Jamie

Neither is a fraud, one of them simply won't work as intended due to technical limitations. The other is working just fine.


And which one is which? :-P
 
2017-09-13 12:41:45 PM  

Telos: bdub77: Yeah, that's the ticket. It's bitcoin that's a fraud, not the fractional reserve banking system.

/DIAF Jamie

Neither is a fraud, one of them simply won't work as intended due to technical limitations. The other is working just fine.


Oh yeah, well the Federal Reserve is totally like this:
img.fark.netView Full Size

img.fark.netView Full Size
 
2017-09-13 12:45:54 PM  
Fractional Reserve Banking is not a conspiracy.  The size of the fraction can be disputed, but it as without a doubt a good thing.  As long as we all trust each other.
 
2017-09-13 01:01:44 PM  

Tr0mBoNe: Bitcoin mining is an NP-complete problem. Those always scale with no issues whatsoever.


The ledger scales how?
 
2017-09-13 01:09:08 PM  
A secure, scalable, decentralized payment system: choose two

/ Lightning Network is a pipe dream
 
2017-09-13 01:36:58 PM  

pacified: Fractional Reserve Banking is not a conspiracy.  The size of the fraction can be disputed, but it as without a doubt a good thing.  As long as we all trust each other.


Difficulty: techno-Libertarians are incapable of trusting their fellow humans.
 
2017-09-13 01:45:02 PM  
JPMorgan's Dimon says bitcoin 'is a fraud'

That's like me calling someone else a 'loser' or a 'weirdo'
 
2017-09-13 01:53:45 PM  

pacified: Fractional Reserve Banking is not a conspiracy.  The size of the fraction can be disputed, but it as without a doubt a good thing.  As long as we all trust each other.


Lighten up Francis. I'm just playing :)
 
2017-09-13 02:34:33 PM  
That's why I put my money in mortgage-backed monetized securities.
 
2017-09-13 02:35:55 PM  

pacified: Fractional Reserve Banking is not a conspiracy.  The size of the fraction can be disputed, but it as without a doubt a good thing.  As long as we all trust each other.


Doesn't even require trust, it only requires people to look out for their own interests.
 
2017-09-13 03:54:10 PM  
Maybe not BitCoin but others like OneCoin are a scam par excellence.
 
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