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A comment on JPM Coin Is the Wildest Big Bank Idea in Many Years. Parent comment

Re:JPM Coin Is the Wildest Big Bank Idea in Many Years by seppin on Friday March 22, 2019 @01:48PM (#19464972)
Nope you can't, unless you can convince everyone else that "thing" is just as good, and can be exchanged for USD at any time, which it can't.
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Re:JPM Coin Is the Wildest Big Bank Idea in Many Years by yingw787 on Friday March 22, 2019 @02:03PM (#19465158)
I mean I can't, but JPM might be able to. JPM's an organization with enough significance to the financial system that they (IMHO) could conceivably make people accept one truth that 1 JPM coin == 1 USD.

And it is. Until it isn't.

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Re:JPM Coin Is the Wildest Big Bank Idea in Many Years by seppin on Friday March 22, 2019 @03:56PM (#19466286)
Best case scenario is that they convince people to treat their thing with value in their sandbox to reduce fees and improve performance for a specific business case (B-2-B payments for example). Or in the case of JPM Coin, they back it with deposits and no value trust is needed. Just limited application.

Think like Disney bucks, but a larger scale.

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