13 Sep '17, 8am

Bitcoin is a fraud that will blow up, says JP Morgan boss

Bitcoin is the first, and the biggest, "cryptocurrency" – a decentralised tradable digital asset. Whether it's a bad investment is the $70bn question (literally, since that's the current value of all bitcoins in existence). Bitcoin can only be used as a medium of exchange and in practice has been far more important for the dark economy than it has for most legitimate uses. The lack of any central authority makes bitcoin remarkably resilient to censorship, corruption – or regulation. That means it has attracted a range of backers, from libertarian monetarists who enjoy the idea of a currency with no inflation and no central bank, to drug dealers who like the fact that it's hard (but not impossible) to trace a bitcoin transaction back to a physical person.

Full article: https://www.theguardian.com/technology/2017/sep/13/bitcoi...

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Bitcoin is a fraud that will blow up, says JP M...

theguardian.com 13 Sep '17, 8am

Bitcoin is the first, and the biggest, "cryptocurrency" – a decentralised tradable digital asset. Whether it's a bad inves...

JPMorgan CEO Jamie Dimon says bitcoin is a fraud that will eventually blow up

JPMorgan CEO Jamie Dimon says bitcoin is a frau...

cnbc.com 12 Sep '17, 5pm

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coindesk.com 12 Sep '17, 6pm

JPMorgan Chase chief executive Jamie Dimon doubled down on his past criticisms of bitcoin today, declaring it a "fraud" an...

JPMorgan's Dimon says bitcoin 'is a fraud'

reuters.com 12 Sep '17, 7pm

NEW YORK (Reuters) - Bitcoin “is a fraud” and will blow up, Jamie Dimon, chief executive of JPMorgan Chase & Co (JPM.N ), ...

JPMorgan's Dimon says bitcoin 'is a fraud'

reuters.com 12 Sep '17, 6pm

NEW YORK (Reuters) - Bitcoin “is a fraud” and will blow up, Jamie Dimon, chief executive of JPMorgan Chase & Co (JPM.N ), ...

JP Morgan CEO's Bitcoin rant causes hiccup in cryptocurrency value

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thenextweb.com 13 Sep '17, 10pm

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businessinsider.de 12 Sep '17, 6pm

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blogs.wsj.com 12 Sep '17, 8pm

has not changed his mind about bitcoin. Mr. Dimon, the long-time CEO at , continued his well-documented criticism of the d...

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I lived on bitcoin for 24 hours JPMorgan Chase CEO Jamie Dimon did not mince words when asked about the popularity of virt...

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reuters.com 13 Sep '17, 4pm

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bloomberg.com 14 Sep '17, 12pm

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#Altcoins #Currency

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Charlie Shrem, founder of BitcoinFoundation.org, pointed out the CEO’s hypocrisy in a tweet that read “Jamie Dimon has had...