JP Morgan to launch its own cryptocurrency

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Название	:	JP Morgan to launch its own cryptocurrency
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What you have a problem with is that bitcoin is going to put you out of business!
Comment from : randall jaeger

Jp Morgan deffo put ripple through this lawsuite to try and get there technology better just to compete
Comment from : zen kai

What if all bank has their own cryptocurrency
Comment from : kunal parmar

Interesting to see that he has a different view on blockchain though - is that JP Morgan coin on ethereum?
Comment from : Achilleas N

Recently, the IRS has taken an interest in cryptocurrency and blockchain reporting, such as the reporting of Bitcoin, ZCoin, and Facebook’s new currency, Libra The IRS has stated that they will categorize all cryptocurrency as “property,” meaning it should be reported as such Those with unreported cryptocurrency are at risk for an IRS cryptocurrency audit Depending on the value of your cryptocurrency holding, you could owe the IRS a substantial amount of money Lance Wallach receives hundred of calls to fight IRS 516-236-8440 Google Lance Wallach and your advisor, Who DO you Trust? wallachinc@gmailcom
Comment from : Lance Wallach

Cryptocurrency audits by the IRS of bitcoin (BTC), ethereum (ETH), litecoin (LTC), ripple (XRP), Zcash (ZEC), darkcoin/dash (Dash), and more Cryptocurrency compliance investigations may also turn into larger, criminal tax investigations These situations can be a massive intrusion into your personal and professional life and your accountant could be compelled to tell the IRS everything you’ve told him or her because the “accountant-client privilege” does not extend to criminal investigations or state tax proceedings Lance Wallach receives hundreds of calls to fight the IRS 516-236-8440 Google him and your advisor, WHO do YOU Trust Wallachinc@gmailcom
Comment from : Lance Wallach

Recently, the IRS has taken an interest in cryptocurrency and blockchain reporting, such as the reporting of Bitcoin, ZCoin, and Facebook’s new currency, Libra The IRS has stated that they will categorize all cryptocurrency as “property,” meaning it should be reported as such Those with unreported cryptocurrency are at risk for an IRS cryptocurrency audit Depending on the value of your cryptocurrency holding, you could owe the IRS a substantial amount of money Lance Wallach receives hundred of calls to fight IRS 516-236-8440 Google Lance Wallach and your advisor, Who do you TRUST! wallachinc@gmailcom
Comment from : Lance Wallach

Since micro-captive insurance companies were placed on the IRS “Dirty Dozen” list of tax scams in 2014 and identified as a transaction of interest in 2016, the IRS has continued to expand its enforcement efforts of what it views as abusive micro-captive insurance arrangementsbrbrThe IRS has been gathering information on taxpayers and instituted a new virtual currency compliance program in 2019 Here is an excerpt from one of their notices:brbr“We have information that you have or had one or more accounts containing virtual currency but may not have properly reported your transactions involving virtual currency, which include cryptocurrency and non-crypto virtual currencies”brbrNew IRS Notice 6174-AbrbrThe IRS clearly sees noncompliance on virtual currency transactions as a threat to the tax systembrbrAs if the onslaught of recent losses in Tax Court was not enough, investors in syndicated conservation easements now have more to worry about On August 25, 2020, the Senate Finance Committee released a bipartisan report condemning syndicated conservation easements as abusive and encouraging the IRS to take further action to ferret out such abusesbrbrLance Wallach has received hundreds of calls, 516-236-8440 to fight IRS and sue the promotors of conservation easement, captive, and cryptocurrency plans Google him and your advisor, who do YOU trust? Wallachinc@gmailcom
Comment from : Lance Wallach

This defeats the purpose of crypto:
Comment from : S G

Any cryptocurrency NOT decentralized is dumber than a $2 bill
Comment from : Mike Jens

Easily manipulated by JP Morgan Trying to take the place of ripple, which resolves in minutes to seconds Banks take weeks through swift
Comment from : Thomas Rodriguez

He doesn't understand Bitcoin Satoshi Nakamoto broke his arm
Comment from : Kyle Walsh

You must be mad to use these greedy pigs token backed by nothing, they are the problems, that's the reason we have a decentralized blockchain Time to take these pigs to a slaughter house, sick fucking pig
Comment from : Killuminati

fake and gay shitcoin
Comment from : sh0ckerturb0

Get ready for Mandatory CHIP in the human body if you want any access to your funds 666 is REAL!
Comment from : Trucker Tru the Tru Trucker

That would be worse than the dollar
Comment from : Jasmine

the value of a bitcoin is 1 BITCOIN The US doller is by fare the most use ciriminal tool in the world
Comment from : Bjørn Bjercke

They don't know shit
Comment from : Israelite Tingz

JPM is a centralized coin This is another way for the bank control you and steal your money You know what banks do
Comment from : ANYTHING

I wouldn't touch anything this fool is involved in
Comment from : Elcrypto

LolbrbrbrbrbrbrBuy bitcoin
Comment from : bernardmailman

He would Fire his employees because XRP, Bitcoin etc is a direct threat to their pockets The JP Morgan stands no chance for global adoption its centralized and only limited to its institutions It will fail XRP is the only hope for a decentralized adversary and a better alternative than btc, XRP algorithm is just more sophisticated For the comments bashing XRP must not fully understand
Comment from : Kraytos X

And fuck Rupert Murdoch
Comment from : Kraytos X

Fuck J P Morgan
Comment from : Kraytos X

Everybody who cares about sovereignty and not depending on FIAT currency should NOT buy into this JP Morgan crypto bullshit Only get decentralized crypto to stay away from fraudulent bank endorsed fiat currency
Comment from : TRM 24

They are missing the point
Comment from : Saif Halila

Would you want to hold a currency that has quadrillions in circulation or one that is limited to millions? I think Jamie just admitted he does not understand supply and demand or inflation I know he understands that, so it only leads me to believe he is very unsettled by competition and the very fact it's decentralized and can't be (MISS) managed by the central banking system and politicians Money is the very foundation of any centralized gov't Myself i am a gold and silver guy but lets face it gold and silver will never be the medium of exchange in society ever again, (unless SHTF) it however may play a role in markets and currencies
Comment from : DoYouThinkForUrselF

they are so scared,
Comment from : Ojofar S

CNBC, this story has made you the laughing stockbrThe whole point of crypto currency is it takes the power out of the banks hands, there is no middleman or bank required, transactions are person to person and stored on a decentralized ledger (blockchain) No bank or government can confiscate your cryptos without the private keybrNow let's look at JP Morgan's crypto coin: Needs a middleman, keeps control in the banks hands, JP Morgan cryptos can be confiscated by the government or banksTransactions are stored on a private ledger owned by JP Morgan - they have complete control
Comment from : John Piper

when moon?
Comment from : Advancer Films

Check out Oscar insurance by Jared Cushners brother whom is a dem
Comment from : Simply Me

There is no use for the JPM coin not even there own customer will use it bashing @bitcoin and you come with this shit coin @jpmorgan
Comment from : SBG

Amazing how supposedly smart people on CNBC are clueless about why people buy cryptocurrency
Comment from : Guy Picard

DEFINE TRUSTLESS PERMISSIONLESS PEER TO PEER WORLDWIDE DECENTRALIZED MONEY:brANSWER— BITCOINbrbrHOW LONG MUST A BANK BE WORKING ON A QUORUM CRYPTOCURRENCY(JPM COIN) FOR IT TO BE READY IN 2019?brDEFINE PANIC MODE:brANSWER— JPM COIN
Comment from : Damannis

I'm not sure if people understand thisbrbrBitcoin has provided better returns since 2015 than JP Morgan's stock since 1992, even after Bitcoin has fallen from recent All Time Highs!brbrbrAnd in comparison to GoldbrbrGold has technically created a bunch of bagholders, in comparison to BitcoinbrbrbrbrEvery time Bitcoin has went into a bull market to create a high, it has created a newer high afterwards, and that isn't the case for Gold actuallybrbrbrbrPeople say gold is a store of value right, I agree, kinda It depends on what you consider a "store of value" brbrbrbrBecause technically, since Aug 2011 Gold has been in a bear trend, and it appears as though they've made a double top, unless Gold creates a newer highbrbrGold had lost nearly 50 of its value from 2011 until Nov 2015!brbrbrbr4 year bear market, and Gold technically may continue lower brbrbrbrPeople need to realize that Gold went as high as $2,20000 in January of 1980, and dropped nearly 75 afterwards in a 21 YEAR BEAR MARKET Nice STORE OF VALUE!brbrbrbrBitcoin on the other hand has much faster boom & bust cycles brbrbrbrI wouldn't be surprised if Bitcoin retested it's 2017 ATH before Gold retests its January 1980 ATH!brbrbrbrBitcoin has provided greater returns since 2015 than owning an ounce of Gold at spot price since 1975, even after Bitcoin has fallen from recent All Time HighsbrbrbrbrThis trend will continue, and those are not only my wordsbrbrbrbrBitcoin can be part of your portfolio, even if its only 5 brbrbrbr wwwmacrotrendsnet/1333/historical-gold-prices-100-year-chart
Comment from : Sergio Bowers

Banksters JPM COIN WILL BE AN EPIC FAIL!
Comment from : Adrian Bartlett

At the end of february 2019 Stellar ( XLM ) may get listed on coinbasebrIBM millionares are already started to purchase stellars in huge quantity
Comment from : Kerala360 Media

Fuuuuuuuuck them
Comment from : JRLM

This guy is a fraud
Comment from : Faria M

Its not a crypto currency
Comment from : Teme Valley Asset Investor

The value of bitcoin will be diminishedlaughable
Comment from : Rob

JP Morgan Chase Bank of Bankers -Good
Comment from : Rajesh nagarajan

Just another usdt
Comment from : Coffee&Tea Time

He looks like bitcoin threw him down the stairs lol
Comment from : TD McCarty

1 How will it exsist? How will be mined or confirmed? JPMorgan coin will be transacted and confirmed securely using what?? A blockchains security and fluidity are inherent characteristics of it existing on a decentralized network That's what creates trust Which creates value brbr2 JPM coin will only hold value to whomever can confirm a transaction themselves Keys be dammed whoever uses JPM coin is doing just that using JPM's personal wallet for the global banking system brbr3 JPM coin will ultimately fail and hold no value to anyone but JPM Trusting these guys with your money is like trusting preschoolers with AR15's
Comment from : TD McCarty

Hi I am on television and talk about things i do not know shit about br/CNBC
Comment from : M R

They should just use XRP Its already in the top 2 With JPM behind it it might have surpassed bitcoin and bankers win again But they are too greedy to do that lol
Comment from : Alen Mustlovski

Banks are centralized Bitcoin is not CNBC sucks
Comment from : Levon Galstyan

JPM are buying Bitcoins All the Bitcoin rhetoric is so they dont get in trouble with regulators regarding JPM coin Dont be fooled
Comment from : kjn311

This is how the internet started folks At some point these private networks will find a use case to interface with the public networks (block chains) in some way
Comment from : kjn311

Jamie is just a copycat, bitcoin paved the way for all thats cryptohe's just a licensed criminal
Comment from : Marvin James

XRP is the only real 'bank coin' These guys are just adding more friction to the international money system
Comment from : African Bitcoin Channel

"I could care less how bitcoin trades, what it trades for, or who trades it" Jamie Dimon looks like a scared child caught with his hand in the cookie jar lying through his teeth
Comment from : Richard Driscoll

XRP is fucked!
Comment from : henok baraki

Cryptos are NOTHING Do not pay something for nothing and expect to get something You won't You will get nothing At least your fiat trash still hold some value brBut if you're into just giving that trash fiat away give it to me I am a better HUMAN being than JP Morgan What fool would buy into JP Bitcoin?brIf you give JP your money for that YOU DESERVE TO LOSE IT Survival of the fittest The first will be last and the last shall be first Don't be a damn fool and part with your earnings to that piece of shit bank
Comment from : Sunday White Rabbit

The same JP Morgan who has sold 60 of the entire world's mined silver that they do not possses in their vaults? The same JP Morgan that was caught manipulating silver prices for decades robbing US citizens of their wealth for all that time? The same JP Morgan who is under investigations from the Department of Justice, the FBI and the Anti-Trast Committee? THAT JP MORGAN?? Who would be stupid enough to buy their crypto and bail them out of that fiasco? You know if you buy into that you're helping them to steal the wealth of millions Right? brNot good I would avoid cryptos anyway but JP Bitcoin?! FUCK THAT unless you enjoy getting tricked out of your money or life savings Hell to the no Fuck JP Morgan
Comment from : Sunday White Rabbit

dumbass don't get it lmao
Comment from : Mr Mr

Lol
Comment from : Almor

Lol the reason we buy bitcoin is because we don't trust the value of the dollar How does a dollar backed "crypto" solve that problem? They just don't get it
Comment from : John Short

just another tethercrypto will stay until the end of mankind end of time
Comment from : Jason Kong

CNBC has found a bond villain in this guy with the red tie He has proven to be inept on the topic and they continue to give him air time Do you really not know the answer to these questions? "Will JPM coin lower the need or value proposition of bitcoin?" Really? I cannot believe these are the people responsible for providing news and knowledge to our society Go read the internet of money or the bitcoin standard Better yet, invite Eric Voorhees and Andreas Antonopoulos on so you stop being the laughing stock of the crypto community Read the comments below if you need evidence
Comment from : Crypto Chiropractor

Lmfao they still dont get it It's in your face people dont you see???? Crypto is here to stay
Comment from : A M

Bitcoin is unconfiscatable, unprintable, and unsensorable That makes bitcoin the like fire, the wheel, or the printing press It may take a long time, or it may only take a few years, but it will destroy all fiat money If you understand monetary history, you know this is inevitable We will witness the greatest transfer of wealth in human history Jamie Diamond thinks governments won’t allow it That’s why bitcoin being unconfiscatable and unsensorable are so important No government can stop it The fact that bitcoin is unprintable and no matter how many resources are devoted to mining, not 1 more bitcoin will be created More and more mining resources only search to make bitcoin more secure Bitcoin can’t be debased by governments Like Barack Obama said, when everyone is walking around with a Swiss bank account in their pocket, how are they going to do simple things like tax enforcement?
Comment from : Tory Dutton

JP Morgan is a fraud
Comment from : Wifes

Lately, when asked for predictions about Bitcoin and Cryptos generally, most experts on YouTube and other media, predictions are mostly generic, with no specifics on the direction Everyone seems to be guessing and getting even more confused about the future The only constant thing I can say for sure is that traders are actually earning good returns, while the hodlers are always worried about what the future holds for Bitcoin or whether there is even a future at all With the insight, skills and experience of a merchant like Mr James Long, the sky is the limit I came to this achievement when I made a return on investment of more than 300 in my first month using their signals to my trades I haven't seen strategies as specific as yours or signs you need Your contact details are * * (jameslong241 @ gmail com) WhatsApp * * * 1 (631) 364-4612 And you can always ask whatever you might want to know about consistently making a profit like a beginner or an advanced trader An empirical rule is, never get emotional with your coins as eventual goal if we are true to ourselves is to make a profit
Comment from : Anarchist62

poor souls always behind
Comment from : Mauricio Bolboa

You all “CNBC” are a joke
Comment from : Ronald S

They are not missing the point They are not stupid, the general public is So they are putting misleading info out to keep the masses away before the price naturally explodes by 2021 It's deception Plain and simple He Gets it, you dont
Comment from : ANM CRYPTO

All the banks can create their own coin but what is going to link them all together with 0 bias? Ripple and their Digital asset XRP
Comment from : E Tishbite

Everybody should be able to bring his own coin Why not JPM Coin? Maybe next is Bank of America We are in a "Bring Your Own Coin" era :-)
Comment from : Pascal

The coin is not call Ripple, It’s call XRP
Comment from : CRYPTOMAN

The banks are too late
Comment from : Blorp

What a joke
Comment from : Mos Pretmen

JPM coin backed by bank, bitcoin backed by the people 🤔
Comment from : ASADHARARI

no one wants your shit coin
Comment from : Jacob Kauffman

Maybe Just maybe you should all learn why there is bitcoin and talk less garbage Also ask yourself if dollar holds a value with 22trillion US debt
Comment from : Major REX

These talk show hosts are so off hah? Of course, it validates the crypto space even more
Comment from : Lex

Don't fall for this - person new to the crypto community Invest in Bitcoin, the safest asset in the cryptocurrency space
Comment from : Lex

You guys confuse what cryptocurrency is, JPM coin will be just as "crypto" as swift transactions, there will be no difference except they will host the ledger so if they fk up your money will be lost even faster Throwing the word crypto at everything is meaningless, only bitcoin is decentralized, trustless, unconfiscateable Your JPM coin will have nothing that makes "crypto" good, it's just a faster swift transaction, any shitcoin can do that
Comment from : oZ

The people at Cnbc can't be this stupid? This made my ears bleed with all the inaccurate informationbrbrThe coin can only be used internally and if every bank makes their own crypto they are in the same situation They can't settle payments between each otherbrbrThis will more than likely lead to jpm adopting crypto and using their coin to help settle their transactions faster The writting is on the wall
Comment from : GMEN

So it's a stable coin Doesn't mean Bitcoins value will be diminished as; this coin is still backed by a company who has all your personal information Therefore its centralized unlike BitcoinbrbrAlso, Imagine the price of Bitcoin remains the same, would anyone buy it? Lol brbrNow, banks are adopting the blockchain It's a good thing But it cannot be compared with Bitcoin Completely misleading
Comment from : FrogDab

There's only one true decentralised cryptocurrency that is a threat to all banks anybody who doesn't trust banks will need Bitcoin in a crypto world Cnbc don't seem to see this at all
Comment from : Day Trades

Bitcoin allows people to be their own bank JP Morgan is never going to be ok with this
Comment from : S

The real question is how much does this add to ethereum, its built on a forked chain ethereum coded to be private like intranet
Comment from : tony fernabdo