Podcasts Technology Blockchain Insider Podcast by 11:FS 85. JP Morgan do a coin

85. JP Morgan do a coin

Published: Feb. 21, 2019, 3 p.m.

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Simon\'s in the studio joined by 11:FS Head of Delivery Adam Davis and David Nicol, Digital Assets at R3.

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First up, JPM Coin (01:12).

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You may have noticed that we\'re focusing pretty hard on this story but that\'s because it\'s huge news for crypto and we wanted to do a bit of a special on it.

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The panel gets into what makes this coin so special and why it\'s such a surprise to see JPM go in this direction. Adam shares why he thinks the term cryptocurrency is so loaded and argues that JPM Coin isn\'t really a coin at all but a token. Simon dives deep into double entry bookkeeping and how it applies. David Nicol explains the role fractional reserve banking plays in how the coin is backed and that it\'s only a matter of time until the other major banks start doing similar things.

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We go through the reactions this news caused on the Twittersphere, including comments from Jameson Lopp, Brad Garlinghouse and Maya Zehavi.

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Moving away from tweets the panel goes back to the news by looking at an analysis of the top 10 narratives for pushing JPMC (32:26).

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Our experts go through the narratives in a quick-fire round and address the criticisms of JPM Coin, Adam points out that it\'s addressing a real use case before the group talks about broad and narrow money, clearing banks, balance sheets and digital currency.

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We\'ve got a great Tweet of the Week from @AriDavidPaul on crypto fiat (government controlled permissioned cryptocurrencies) becoming a battleground.

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All this and so much more on this week\'s episode of Blockchain Insider. And why not send us your best tweets? See if you can get a shout out on the show!
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\\nWe hope you enjoy the show and, as ever, don\'t forget to subscribe!
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\\nWant to join the conversation on all the topics discussed? Tweet the show @bchaininsider and if you really love the show, please leave us a review on iTunes.
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\\nThis week\'s episode of Blockchain Insider was produced by Laura Watkins and Petrit Berisha. Edited by Alex Woodhouse.

Special Guests: Adam Davis and David Nicol.

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