http://money.cnn.com/2013/12/10/technology/bitcoin-jpmorgan/

Un-fuggin-believable.

Looked pretty believable to me.

their bankers...

they want a piece of the pie too.

In before Neal Stephenson.

In before pyramid scheme

Wait, how is it anonymous if you are doing it online?

I trust JPmorgan with money less than GD trusts the NSA with their porn stash.

the story on this is that it's complete bullshit.  
it is apparently a false-flag ploy to garner attention to bitcoin, increasing demand for the cryptocurrency, and thus driving up the exchange rate.


http://www.businessinsider.com/debunking-jp-morgan-bitcoin-2013-12


story continues at link above.

ar-jedi

JP Morgan....fined over $400 million dollars in the US this year for manipulating power prices

100% of the two men I know that work for JP Morgan are complete fucking retards with their own money.

So soon their EBT system and bitcoins will be interconnected?

All I have been hearing on this board lately is how wonderful bitcoin is and how perfect the bitcoin system is.  I still say the same thing that I have been saying since I heard whacko Clif High's presentation on bitcoin.  If you think the Rothschilds and the other bankers who own us and our country "behind the scenes" are going to tolerate any serious competition to their federal reserve notes you are delusional.  

The bankers will either capture the bitcoin process, figure out a way to destroy it or they will use their control of our political system to have it made illegal.

And no, I am not happy about them doing any of these things....... but wait and see.

A lot of people don't get the whole patent thing.

Go read about the NEWEGG case and the patent troll that holds the TQP patent.   The thing is, JPM's structure does not have to be identical to bitcoin to fuck up bitcoin.   JPM needs only to demonstrate that a crucial element of bitcoin, in the WAY some discreet (but essential) part of bitcoin operates, is covered by the patent.

Since the priority date goes to 1999, that will only give JPM the right to fight bitcoin by refusing to license the technology for a couple more years, but that's more than enough time to take bitcoin style things (including the block chain) and roll that into a BANK CONTROLLED ecurrency system (i.e., only banks allowed to process transactions on the blockchain) and substitute it in.

If the governments fear bitcoin (and I see a lot of evidence they do), then JPM can expect unreasonably enthusiastic cooperation from the government in enforcing the patent by corrupting bitcoin traffic, getting the fibbies out there hauling people into jail for operating the bit coin system, etc., etc.    Bitcoin only works when there's a big pool of folks to process the transactions.   And I have no doubt this is to try and put a chilling effect on that.

We'll have to wait and see.

Meh.

Not interested.

+1

Same thing I said in the bitcoin thread. they will control bitcoin or destroy it. they will not allow any threat to their power/wealth/influence

JP Morgan is pretty corrupt.

Just a piece?


Edit: Grammar Nazi here... It is actually they're or they are.

Have those fucks ever heard of the term "prior art"?

But the patent was files in 1999. A decade before bitcoin.

Just another reason to stay away.

Then why are they trying to "amend" the patent?

I do not think they will like the results of trying this path.  The wrath of a hell of a lot of crazy ass hackers will befall them.

JPM's patent describes a payment system more like PayPal than Bitcoin.  
in fact, JPM's patent has nothing to do with cryptocurrency -- at all.
this whole media operation was synthesized to "get the word out" on Bitcoin to more people, hopefully driving up demand on BTC, which in turn increases the "worth" of BTC against other staple currencies like the dollar, euro, yuan, or yen.  

you can see how this approach benefits some people.

ar-jedi