Jason Posted February 14, 2019 Share Posted February 14, 2019 https://arstechnica.com/tech-policy/2019/02/jpmorgan-is-creating-a-cryptocurrency-pegged-to-the-dollar/ Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted February 14, 2019 Share Posted February 14, 2019 Then what the hell is the point? The entire purpose of cryptos is to untether them from a currency asset. Quote Link to comment Share on other sites More sharing options...
legend Posted February 15, 2019 Share Posted February 15, 2019 Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted February 15, 2019 Share Posted February 15, 2019 OK, this will be internal crypto that will operate only on JPM's own network to facilitate large dollar volume transactions for select customers. That's fine. I guess. Until something goes horribly wrong, causing a liquidity crisis at one of the world's major financial institiutions. Quote Link to comment Share on other sites More sharing options...
Jason Posted February 15, 2019 Author Share Posted February 15, 2019 4 hours ago, SFLUFAN said: OK, this will be internal crypto that will operate only on JPM's own network to facilitate large dollar volume transactions for select customers. That's fine. I guess. Until something goes horribly wrong, causing a liquidity crisis at one of the world's major financial institiutions. They won't make any backups and someone using the one machine with the data on it to surf porn will get cryptoransom malware on it. Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted February 15, 2019 Share Posted February 15, 2019 They will say that since it uses blockchain, it will be impervious to tamper...until someone manages to find a way. Quote Link to comment Share on other sites More sharing options...
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