JP Morgan Unveils USD-Backed Cryptocurrency for B2B Payments

Re:JP Morgan Unveils USD-Backed Cryptocurrency for B2B Payments by Kluny on Thursday February 14, 2019 @12:55PM (#19164075)

It's not going to be free once they finish paying the army of developers each bank will have to keep on staff to manage it.

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Re:JP Morgan Unveils USD-Backed Cryptocurrency for B2B Payments by darawk on Thursday February 14, 2019 @12:57PM (#19164090)

You mean like the army of developers required to run an ethereum node?

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Re:JP Morgan Unveils USD-Backed Cryptocurrency for B2B Payments by vinniejames on Thursday February 14, 2019 @02:05PM (#19164817)

Or the fact that their coin / Quorum IS Ethereum, so most of the work will be done for free by core devs

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Re:JP Morgan Unveils USD-Backed Cryptocurrency for B2B Payments by darawk on Thursday February 14, 2019 @02:53PM (#19165353)

You seem to be missing the point. Operating this blockchain is nearly free. Building it out is a capital cost. Once its built, its ongoing expenses should be low.

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Re:JP Morgan Unveils USD-Backed Cryptocurrency for B2B Payments by vinniejames on Thursday February 14, 2019 @08:19PM (#19167737)

There's nothing to built... 1. `git clone ethereum jpmorgancoin` 2. profit

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Re:JP Morgan Unveils USD-Backed Cryptocurrency for B2B Payments by dboreham on Thursday February 14, 2019 @05:26PM (#19166672)

You two were actually saying the same thing.

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