Krypton's Tzorya Considers Lawsuit Against Jamie Dimon for Bitcoin Remarks

Jamie Dimon, CEO of JPMorgan, captures the media's attention and dominates news headlines all over the world each time he rants about Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term. First he called it a fraud last month, and on Friday he even added: "If you're stupid enough to buy it, you'll pay the price for it one day."

Today, in a brilliant PR move, Ilan Tzorya revealed that he is considering suing the JPMorgan CEO for these remarks. Tzorya is the founder of Krypton Capital, an early-stage venture firm that works with Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term ventures.

He told Finance Magnates: “Dimon’s attack against the community of cryptocurrency investors is completely uncalled for, and meanwhile Bitcoin has only risen in value since he made his remarks.”

Tzorya says that he is planning an ICO campaign to raise funds for the potential class action suit, and will proceed as soon as he gets the go-ahead from his lawyers.

Considering the sheer amount of money and manpower JPMorgan can put into squashing such a case, it is not very likely to be an easy battle - besides the fact that Dimon probably has a right to share his opinion on the matter.