Tuesday, September 12, 2017

Bitcoin cannot be a complete fraud

Bitcoin Tumbles After Jamie Dimon Calls It A Fraud: "Would Fire Anyone Trading It"

Bitcoin, at least, has proven utility as a transfer mechanism for evading capital controls and central bank disequilibriums.  Designed just for that and has been working.

Nor can cryptocurrency be considered fraudulent, it is simply a technology change, and well expected.

Blockchain is a very useful database format.

The sandbox is the most intelligent thing we will ever see. Jaime has o figure out auto traded cash.

Who knows how the sandbox will fill in.  One thing is certain, we know, much better then Jaime, how to manage monetary congestion in the new sandbox.  His position in any dollar value chain is at risk, the new sandbox  quashes monetary value chains.

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