Why do we have a JPM coin?

JPM is going full sandbox.



A couple of reasons, but eventually JBM can take currency banker risk, make an automated S/L for the wealthy clients with a congestion fee.  JPM is really changing his Y axis units from dollar to JPM, while keeping JPM tethered over the longer haul.

While JPM is setting up auto banking, it still uses JPM coin to simplify networks of internal traffic. Here it is essentaily changing units to fractions of a Buffet, scaling units to fit its clients in a neutral fashion.

And JPM coin can be formatted to use crypt ledgers, and even crypto bearer JPM coins inside the net. JPM is going for the complete sequence, and the nominal debt cartel may be breaking up.  That may be the case of the dip, a bifurcation of the Fed's market.  JPM is duplicating the bitcoin effect, with a bit more intelligence.  But it is not hampered like ripple net, it can internalize all the formats, thus simplifying the contracts,even moving to cache interlocking. Ripple has to build to each market segment, JPM has them all.

Will JPM have intrinsic value?

As a better accounting tool set, yes. It will have intrinsic value the same way Sales force does. it makes JPM a software leasing firm, and a cloud firm. JPM net will offer secure spots for trading bots, a cloud service.

JPM has counterfeit proof obey and protect. The have complete applications inside a secureable net, with known clients having measured risk. They do not ned the granularity of ethereum, they can adopt a much simpler set of valuable 'sandbox' contracts, contracts greatly simplified by the assumption of trivial transaction costs and minimal congestion fees.  So JPM can interceded and allow intermediate ledger inspections under timeout. This makes most contracts a minimal spanning tree with finite exits and low order. Order is equivalent to ledger entries, a small count of two or three for most completed contracts. The simplification works because we can congestion price scofflaws, and they become rare.

We can see the Fed is helpless, and losing market share. Dollar pricing becomes unstable as the aggregate is way off linear. In dollar terms, the Fed really only looks across the 0-3 year term now, for balanced flow. That is not a complete spectra.

So, right now, it is my plan vs JPM, except I am kind of rooting for JPM.  My New Fed intends to chaet, it is getting first access to all those government accounts. Then the New Fed enables smart card, endogenous gains. JPM will be the tag along, but I am not an honest player here.