All about Blockchain, Cryptocurrency, Digital Transformation

Discussion in 'Off Topic' started by Dr. AMK, Jan 7, 2018.

  1. hmscott

    hmscott Notebook Nobel Laureate

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    Bitcoin Is Going to Be Digital Gold, Says Galaxy’s Novogratz
    Bloomberg Markets and Finance
    Published on Feb 12, 2019
    Feb.13 -- Mike Novogratz, founder and chief executive officer at Galaxy Digital, discusses cryptocurrencies, where he sees the sector heading in the coming months, bitcoin, his comments on the equity market rally and his top trades.
     
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  2. Nick

    Nick Mr.Mischief

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  3. hmscott

    hmscott Notebook Nobel Laureate

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    It's a private coin, only for settling large transfers in low volume transactions.

    "...Though holders of digital currencies may seize on the news that a major financial institution is issuing its own crypto as bullish for the asset class, retail investors will probably never get to own a JPM Coin. Unlike bitcoin, only big institutional clients of J.P. Morgan that have undergone regulatory checks, like corporations, banks and broker-dealers can use the tokens.

    There are other key differences between the bank's crypto and bitcoin, which J.P. Morgan CEO Jamie Dimon has bashed as a fraud that won't end well for its investors. (To be clear, he and his managers have consistently said that blockchain, as well as digital currencies that were regulated, hold promise.)

    Each JPM Coin is redeemable for a single U.S. dollar, so its value shouldn't fluctuate, similar in concept to so-called stablecoins. Clients will be issued the coins after depositing dollars at the bank; after using the tokens for a payment or security purchase on the blockchain, the bank destroys the coins and gives clients back a commensurate number of dollars."
     
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  4. Dr. AMK

    Dr. AMK Living with Hope

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  5. Nick

    Nick Mr.Mischief

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    Right, this is not something people outside JPM will be using. However, I think it's the first step in demonstrating whether cryptocurrency will ever become more than semi-legal gambling.

    Edit: Also, I believe this is being built on Ethereum technology, though private chain. So not necessarily good news for Ethereum fans, but not bad news either.
     
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  6. hmscott

    hmscott Notebook Nobel Laureate

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    JPMorgan Just Killed the Bitcoin Dream
    Ben Walsh, Feb. 14, 2019 11:03 a.m. ET
    https://www.barrons.com/articles/jp...e-bitcoin-dream-51550160197?mod=bol-social-tw

    Why JP Morgan’s ‘Bitcoin Killer’ isn’t Even a Real Cryptocurrency

    P. H. Madore 14/02/2019 13:24
    https://www.ccn.com/why-jp-morgans-bitcoin-killer-isnt-even-a-real-cryptocurrency/amp

    How JPMorgan's cryptocurrency is different from bitcoin

    CNBC Television
    Published on Feb 14, 2019
    J.P. Morgan Chase will be the first major U.S. bank to create its own cryptocurrency. In trials set to start in a few months, a tiny fraction of the $6 trillion the bank lends to corporations will happen over something called 'JPM Coin.' The digital token created by engineers at the New York-based bank to instantly settle payments between clients. CNBC banking reporter Hugh Son breaks it down.
     
    Last edited: Feb 14, 2019
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  7. Jarhead

    Jarhead 恋の♡アカサタナ

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    Pretty sure Bitcoin killed the Bitcoin dream, but whatever :)
     
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  8. Dr. AMK

    Dr. AMK Living with Hope

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  9. hmscott

    hmscott Notebook Nobel Laureate

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    Giant Bitcoin Farm Tour In North America Finally Declassified...
    Barnacules Nerdgasm
    Published on Mar 5, 2019
    Touring one of the largest Bitcoin Mines in North America and showing you what goes into building these giant power hungry cryptocurrency farms with electricity and cooling. This video was originally recorded 4 years ago but was pulled down promptly because one of the investors of this operation got cold feet. Only a small group of people got to see the video originally but I now have full permission to post it since the crypto farm has been completely overhauled now.
     
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  10. Jarhead

    Jarhead 恋の♡アカサタナ

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