Abra CEO, Bill Barhydt, likened private blockchains to private internet networks, saying that they are doomed to fail. He also dismissed JP Morgan’s JPM Coin saying that it lacks economic merit. Bill Barhydt, the CEO of Abra, a Bitcoin wallet and investment app, took shots at private blockchains and JP Morgan’s JPM Coin. Speaking during an episode of “Balancing the Ledger,” on Fortune, Barhydt said that public blockchains like Bitcoin have more utility and use-cases. He likened enterprise/private blockchains to private internet networks saying: “It’s exactly what’s happening with this enterprise blockchain nonsense; where people have this fallacy that they’re going to make blockchain work inside the firewall. It’s all going to fail miserably.” The Abra chief also criticized JPM Coin saying that it lacks economic merit. Barhydt stated that JPM Coin is more aking to “a ledger meant for settling trades” than a coin. He finished his assessment by saying that “if it really is a private blockchain and private coin, I’m guessing it’s a complete waste of time.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Bitcoin, Ethereum, Ripple overview: Saving pains before the weekend FX Street 4 years Abra CEO, Bill Barhydt, likened private blockchains to private internet networks, saying that they are doomed to fail. He also dismissed JP Morgan's JPM Coin saying that it lacks economic merit. Bill Barhydt, the CEO of Abra, a Bitcoin wallet and investment app, took shots at private blockchains and JP Morgan's JPM Coin. Speaking during an episode of "Balancing the Ledger," on Fortune, Barhydt said that public blockchains like Bitcoin have more utility and use-cases. He likened enterprise/private blockchains to private internet networks saying: "It's exactly what's happening with this enterprise blockchain nonsense; where people have this fallacy that they're… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
