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Jamie Dimon says blockchain doesn't matter as much as you think...

Posted on 5/19/25 at 10:38 am
Posted by bayoubengals88
LA
Member since Sep 2007
21316 posts
Posted on 5/19/25 at 10:38 am
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
30409 posts
Posted on 5/19/25 at 10:40 am to
He may be right here, but Jamie Dimon is a fricking a-hole who thinks he’s the smartest guy in the world
Posted by masoncj
Atlanta
Member since Jun 2023
471 posts
Posted on 5/19/25 at 10:40 am to
Agree

Blockchain for real world use cases is antiquated

Hashgraph is not and why that’s the only crypto (HBAR) I dabble in
Posted by southernelite
Houston, TX
Member since Sep 2009
53476 posts
Posted on 5/19/25 at 12:20 pm to
quote:

He may be right here, but Jamie Dimon is a fricking a-hole who thinks he’s the smartest guy in the world


He may be an a-hole, but he’s one of the best at what he does. He understands the average consumers personal balance sheet at a ridiculously granular level. There may not be another an executive that can guage the pulse of Main Street as well as he can.
Posted by UltimaParadox
North Carolina
Member since Nov 2008
47306 posts
Posted on 5/19/25 at 1:03 pm to
Private Blockchains work great for things like software source control.

It doesn't work for things that basically every crypto bro comes up with including being a currency.

Decentralized power inefficient Blockchains don't work for anything. They used to be ok for buying drugs but that was almost two decades ago. Better solutions exist
Posted by theRealJesseD
Member since Nov 2021
4195 posts
Posted on 5/19/25 at 2:52 pm to
quote:

They used to be ok for buying drugs but that was almost two decades ago. Better solutions exist


do tell
Posted by cadillacattack
the ATL
Member since May 2020
7730 posts
Posted on 5/19/25 at 4:16 pm to
quote:

He may be right here, but Jamie Dimon is a fricking a-hole who thinks he’s the smartest guy in the world


Smart enough to amass the world’s largest supply of physical silver …
and I gotta feeling we will soon know why ….
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
131227 posts
Posted on 5/19/25 at 4:19 pm to
quote:

Jamie Dimon is a fricking a-hole who thinks he’s the smartest guy in the world
No. But he thinks he has the best handle in the world on his industry, and IMO, he's right.
Posted by Shepherd88
Member since Dec 2013
4809 posts
Posted on 5/19/25 at 4:36 pm to
It’s still a better means of transferring money peer to peer than ACH or wire.

JP Morgan stands to lose that arm of the business if blockchain replaces it.
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
144750 posts
Posted on 5/19/25 at 5:22 pm to
quote:

They used to be ok for buying drugs but that was almost two decades ago. Better solutions exist

Posted by SlidellCajun
Slidell la
Member since May 2019
13614 posts
Posted on 5/19/25 at 6:00 pm to
He makes some solid points

I happen to believe blockchain technology is valuable. How valuable? I don’t know.

If there is anyone that knows better than me or any of us posters, it’s Jamie Dimon who runs a bank that clears trillions of dollar a week across the globe

Posted by Lakeboy7
New Orleans
Member since Jul 2011
25636 posts
Posted on 5/19/25 at 6:32 pm to
quote:

It doesn't work for things that basically every crypto bro comes up with including being a currency.


Its the new multi level marketing. I accidentally said "bitcoin went over a hundred" talking to my son while having a beer and this dude next to us launches in to his sales pitch. Had to move to the other side of the bar.

Posted by UltimaParadox
North Carolina
Member since Nov 2008
47306 posts
Posted on 5/19/25 at 6:40 pm to
quote:

ts the new multi level marketing.


Its MLM for men, its very sad.

They will tell you it will cure cancer and cure world hunger as long as you buy their digital beanie baby
Posted by Lakeboy7
New Orleans
Member since Jul 2011
25636 posts
Posted on 5/19/25 at 6:53 pm to
quote:

Its MLM for men, its very sad.


This guy looked normal I guess, golf bro with a flat brim Titliest hat on. We were talking about the market, my son has a little money in a coin ETF and man he launched the second he heard the word bitcoin.
Posted by PUB
New Orleans
Member since Sep 2017
19990 posts
Posted on 5/19/25 at 7:48 pm to
Because silver is soaring to the moon. Soon very soon.
All the way up to $35.01 ….
Posted by slackster
Houston
Member since Mar 2009
89782 posts
Posted on 5/19/25 at 9:22 pm to
quote:

Smart enough to amass the world’s largest supply of physical silver … and I gotta feeling we will soon know why ….


Does the bank own the silver or are they just holding it for clients?
Posted by DMAN1968
Member since Apr 2019
11841 posts
Posted on 5/19/25 at 10:21 pm to
quote:

There may not be another an executive that can guage the pulse of Main Street as well as he can.

Gauging it or guiding it?
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