Friday, 20 January 2023

I just love the fact that Jamie Dimon exposed himself that he has no fucking clue about Bitcoin.

Saying something is a decentralized ponzi scheme is similar to saying a round rectangle exists. It defeats the criteria of the original definition of a ponzi scheme.

Then the fact that he mentioned 21 million BTC limit is not true. He stated "What if Satoshi comes out after 21 million BTC is created and says 'Ha-Ha'?" (LMAO)

First of all, BTC has no hard limit of 21 million. The halving creates that limitation. When 2140 AD approaches, the block reward will be so small, a tiny fraction of a full BTC, that it'd be impossible to cross the 21 million mark. There's no line in the white paper that says 21 million is the absolute hard limit. But the halving protocol sets that limit indirectly. Understand this first Jamie Dimon.At least let an expert debrief you before going on television and making stupid claims.

Secondly, I greatly love the fact that the CNBC interviewers were actually on the side of BTC, surprisingly. For what it's worth they've been covering BTC enough and have met several talents in the ecosystem to have a better gist of the bitcoin ecosystem than most pompous prick bankers who can't see past their own noses. It's a sign that Bitcoin is winning. "Slowly, but surely" is coming true.

I just love it.

submitted by /u/ultron290196
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