Topic: Is JPM Preparing To Unveil Its Own Electronic Currency? - page 3. (Read 3896 times)
and when it goes wrong for them they'll hold the world hostage AGAIN
Just read this on Zerohedge. JPM have filed patents for it's own cryptocurrency.
http://www.zerohedge.com/news/2013-12-10/chasing-bitcoin-jpm-preparing-unveil-its-own-electronic-currency
http://www.zerohedge.com/news/2013-12-10/chasing-bitcoin-jpm-preparing-unveil-its-own-electronic-currency
This is very much to be expected:) I believe that crypto currencies are a way for business's to do big business in the future. I truly believe that many corporations will jump on board and as soon as a couple of the big players join the party, the rest will follow.
We need their effort to legitimize crypto then just let them fail
Is it going to have changing value? a maximum amount of units? Not really sure how a U.S. bank could issue a Bitcoin copy.
Oh God No..I just hope the people are smart enough to rid themselves of the banking scum.
If you're hoping that the average merican' is smart enough to recognize a national system failure and take action on that understanding then you're going to be disappointed. If an existing financial power player decided to copy the basic concepts of Bitcoin, even if the new system is centralized, then they would win and Bitcoin would lose. They have enough funding, existing customers and trust of the people to be successful. Advertising against Bitcoin in favor of their system would be the deciding factor. Bitcoin has no advertising budget and must rely on press sound bites for attention (most of those have been negative revolving around thefts). JPM could advertise during the super bowl.
How is this different from what they already have? If its centralized it is THE SAME as before. If it is decentralized it is BITCOIN.
It's almost certainly an attempt to use patent law to stifle competition. They're running scared.
Oh God No..I just hope the people are smart enough to rid themselves of the banking scum.
Bring it
I wonder if the SEC or CFTC has anything to say about a private company issuing a currency...
I wonder if the SEC or CFTC has anything to say about a private company issuing a currency...
Yeah, like we want to use JPMs currency.
Just read this on Zerohedge. JPM have filed patents for it's own cryptocurrency.
http://www.zerohedge.com/news/2013-12-10/chasing-bitcoin-jpm-preparing-unveil-its-own-electronic-currency
http://www.zerohedge.com/news/2013-12-10/chasing-bitcoin-jpm-preparing-unveil-its-own-electronic-currency
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