John McAfee suggests Jamies Dimon gives up
Jamie Dimon’s efforts to disrupt cryptocurrency and kill Bitcoin are failing, according to John McAfee.
A difference of opinion has seen the two men clash on previous occasions.
On April 24, Mr. McAfee let his feeling be known on Twitter, saying:
“As the brains of the Banking/Government plot to end crypto, you lied.
“You took our credit cards and bank accounts.
“You made governments shut down exchanges and restrict us.
“You hurt us.
“But clearly we live.
“We cannot be stopped.
“Ready to talk terms of surrender?.”
McAfee make reference in his tweet instances where Dimon allegedly lied to the government and investors about his firm’s activities.
McAfee also suggests that Dimon was the ‘brains’ behind a conspiracy to devalue and “end” cryptocurrency.
During the financial crisis in 2008, JP Morgan’s position was to underwrite fraudulent securities.
As the investments were based on lies made to the shareholders, however, its actions resulted in a $2 billion trading loss.
Also, the infamous JP Morgan trader, “The London Whale,” lost another $2 billion due to Dimon’s error of downplaying the risks due to the trading activity of the bank’s London office.
One of McAfee’s 800k plus Twitter followers tweeted in response:
“McAfee versus Dimon in a death match”
In reference to a previous clash last September, when Dimon called Bitcoin a “fraud,” McAfee responded saying:
“Lol. We had a round once before.”
Speaking to CNBC, he said:
“I’m a Bitcoin miner.
“We create Bitcoins.
“It costs over $1,000 per coin to create a Bitcoin.
“What does it cost to create a U.S. dollar?
“Which one is the fraud?
“Because it costs whatever the paper costs, but it costs me and other miners over $1,000 per coin.
“It’s called proof of work.”
One crypto enthusiast showed resentment for the traditional banking system, saying:
“Meanwhile he drills depositors with < 1% interest while charging poor people 30% on their credit cards. Gross.”
Another market observer said there should be more balance in the markets, tweeting:
“I think it’s time for the government to start adding sales tax to internet purchases as that sector is fully matured and needs no help, but now it’s time to remove capital gains from the crypto sector for a few years to allow this market to mature.”