"Virtual currency, where it’s called a bitcoin vs. a U.S. dollar, that’s going to be stopped. No..."

“Virtual currency, where it’s called a bitcoin vs. a U.S. dollar, that’s going to be stopped. No government will ever support a virtual currency that goes around borders and doesn’t have the same controls. It’s not going to happen.”

-

Jamie Dimon, CEO of JPMorgan, on the virtual currency debate – though he seems more positive on the concept of the blockchain itself. (via parislemon)

The blockchain is a good idea. Bitcoin is a stupid idea.

via Tumblr http://bit.ly/1QcgHo8