This should be one to remember. Bitcoin Debate with the Largest Bank in the World JP Morgan CEO Jamie Dimon vs Peter Theil PayPal Founder – Funny Remix. Bitcoin is the first successful cryptocurrency that uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the community network. Bitcoin is transparent and open-source in its design. Nobody owns or controls Bitcoin and everyone can take part.