Correct. JPM Coin and its near-twin the Petro lack the predominant source of value that distinguishes cryptocurrencies from bank money: trust minimization.https://twitter.com/techieappy/status/1096138232188882944 …
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In other words, you're underestimating the level idiocracy in such a big old organization.
In big corps there is emergent scammery: everybody working on their own little bit of the project follows company philosophy and thinks they are good guys making the world a better place with an honest product, but the actual combined product is a scam.
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