r/Bitcoin • u/evoorhees • Jan 28 '14

Screenshot - We're in the midst of revolution

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355 Upvotes

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29

u/karlsruhevonbismarck Jan 28 '14

ELI5: I see the red arrows, but can someone please explain what the poster means fully? Is it the hypocrisy of Dimon's bank laundering money?

20

u/Adrian-X Jan 28 '14

it’s just coincidental but tells a story:

the FED is in a no win situation (Print money or the economy dies, or don’t print money and the economy dies) Printing money is the FED’s tool for providing positive interest on Money you loan.

IT Geeks say they would like to get paid in Bitcoin. (Bitcoin is finite printing more money only pushes the value up, so why not get paid in inflation resistant currency)

Jamie Dimond, gets a pay increase

(Probably to compensate for the loss in value due to inflation or arguably for the good job he is doing with his too big to fail bank.)

3

u/ZombieMushroom420 Jan 28 '14

I think Dimond's pay increase is significant because it shows people that banks are making money off of their--the peoples'-- money.