Start Accepting Cryptocoins with CoinPayments

Start Accepting Cryptocoins with CoinPayments

Saturday, October 21, 2017

Crypto News: First World Fat Cat Jamie Dimon Doesn’t Understand Poverty, Bashes Bitcoin

First World Fat Cat Jamie Dimon Doesn’t Understand Poverty, Bashes Bitcoin

It’s said how little Jamie Dimon knows about the needs of people who live in the countries of South America, Central America, Africa and Asia.

Dimon keeps finding new ways to show his lack of understanding of Bitcoin, and of the economic realities of most of the world’s population. He recently said:

“If it can be done digitally with the Blockchain, so be it. But it will still be a dollar cryptocurrency. What I have an issue with is a non-fiat cryptocurrency. So crypto sterling, euro, yen, they are all fine. I don't personally understand the value of something that has no actual value.“

For an American millionaire with a narrow view of the world, he may be right. But for the inhabitants of more than 170 countries that do not have strong fiat currencies like sterling, euro, yen or dollars, Bitcoin definitely has value. An example from Brazil clearly demonstrates the benefits of transacting internationally with Bitcoin.


Full story at http://bit.ly/2xUu2dr


Source: CoinTelegraph


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