(NOOOOOOOO!) JPMorgan files patent for Bitcoin-style payment system
2013-12-11 0:00

By Nick Sorrentino | Against Crony Capitalism


These guys never stop. I respect that about JP (in the way that I respect the Empire in Star Wars) and there is something to be said for an idea so disruptive that it attracts the sharks at JP.

But given this, if one doesn’t trust Bitcoin, don’t even consider trusting JPMorgan’s version of it.
(From The FT)

JPMorgan’s proposed system involves creating “virtual cash” that would sit in an online wallet, reminiscent of the computer files that hold Bitcoins on behalf of their users.

[...]

Read the full article at: againstcronycapitalism.org






Related Articles
German Police Detain ‘Bitcoin Mining Hackers’
Bitcoin Was Created By DARPA?
Stefan Molyneux - The Truth About Bitcoin
Hackers Attacking Computers And Demanding Ransom In Bitcoins
UK Royal Mint Working On Plans To Issue Gold-Backed Physical Bitcoins
Bitcoin site is hacked, with $1million of the virtual currency stolen
Meet Dark Wallet – How Crypto-Anarchists Will Store Their Bitcoins
Why Bitcoins Are Just Like Gold: Both are valuable because we say so
World’s First Bitcoin ATM Is Announced - First Location: Cyprus
JPMorgan Chase Building Bitcoin-Killer


Latest News from our Front Page

Kanye West says in his VMA 2015 speech that he's running for president in 2020
2015-09-01 0:15
'And yes, as you probably could have guessed by this moment, I have decided in 2020 to run for president.' Kanye West received the Michael Jackson Video Vanguard Award at tonight's MTV Video Music Awards, and he closed his acceptance speech by announcing he's running for president in 2020. Yes, really! The segment started with a bang when West was handed his ...
White students in Australia rejecting "multicultural" agenda, this is a problem apparently
2015-09-01 0:03
According to Dr Christina Ho from Sydney’s University of Technology, White Students have not obeyed the command to become “multicultural”. White Students have very rarely mixed with non-White groups, and Dr Ho thinks that this is a problem which must be solved. “Schools are becoming more segregated in terms of both class and ethnicity,” she told the Sydney Morning Herald. “More and more ...
Sweden: The De-balling of the Vikings
2015-08-31 23:03
For some reason, the deliberately-injected moral and mental cancer known as 'liberalism', aka 'progressivism' has always seemed to metastasize faster in the Nordic countries, particularly Scandinavian ones. This phenomenon is also observable among the American descendants of Scandinavian immigrants in places like Minnesota and Wisconsin. The hypothesis of this reporter is that the innate, perhaps even genetic, altruism and human ...
New Monsanto Spray Kills Bugs by Messing With Their Genes
2015-08-31 22:49
In a fascinating long piece in MIT Technology Review, Antonio Regalado examines the genetically modified seed industry's latest blockbuster app in development—one that has nothing to do with seeds. Instead, it involves the industry's other bread-and-butter product: pesticide sprays. But we're not talking about the poisonous chemicals you convinced your dad to stop dousing the lawn with. The novel sprays ...
Obama to speak with Jewish groups on Iran deal
2015-08-31 22:16
President Barack Obama is using a Friday webcast to try to allay concerns from Jewish communities about the nuclear agreement with Iran. Obama will deliver remarks about the agreement and take questions from participants. The webcast is being organized by two major Jewish organizations that have held similar events with Israeli Prime Minister Benjamin Netanyahu and Energy Secretary Ernest Moniz. The Israeli ...
More News »