JPMorgan’s “Bitcoin-Alternative” Patent Rejected (175 ...

FAIL... JPMorgan's "Bitcoin-Alternative" Patent Rejected (175 Times)

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JPMorgan CEO "you're wasting your time with bitcoin." JPMorgan's bitcoin-alternative patent rejected 175 times.

JPMorgan CEO submitted by drhelmutp to btc [link] [comments]

JPMorgan's "Bitcoin-Alternative" Patent Rejected (175 Times)

JPMorgan's submitted by Art4Bitcoin to Bitcoin [link] [comments]

JPMorgan's "Bitcoin-Alternative" patent has been rejected 175 times - The US patent system is broken

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JPMorgan's "Bitcoin-Alternative" Patent Rejected (175 Times)

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Regarding the "Bitcoin and Magical Thinking" blog post spotlighted on Techmeme today - The network, the infrastructure, and the community behind it is hardly a "magical thought."

I'm referring to this post, which a Bitcoin-opposing friend just sent to me with the subject line, "An damning indictment" -
http://www.techmeme.com/131219/p3#a131219p3
I responded with this:
The network, the infrastructure, and the community behind Bitcoin is hardly a "magical thought" (Here's the definition of that concept from contemporary Western psychology: http://en.wikipedia.org/wiki/Magical_thinking)
Two weeks ago, there was very good debate about Bitcoin -
Ultimate Bitcoin Showdown - Posted Dec 2, 2013 - [30:14] - Goldbug/dollar-skeptic Peter Schiff vs. Erik Voorhees, Bitcoin entrepreneur formerly of BitInstant (https://www.bitinstant.com/), now of Coinapult (https://coinapult.com/) - http://www.linkedin.com/pub/erik-voorhees/b/804/385
I'll post the link to the full video below, but I first want to quote from it:
As Voorhees says, gold-backed digital curencies have been attempted and were then quickly shut down by the gov't. He later says (at 9:20), "[Bitcoin] could absolutely go to zero and the whole thing is completely experimental right now. So I'm not here to say that Bitcoin is a good investment. What I'm here to say is that the Bitcoin payment network is one of the most important technologies that has ever been invented, and it's important to understand that there is value in that technology [and] it's important to understand why that technology is so useful to people, especially people who care about liberty around the world." And he explains later that this infrastructure cannot be reproduced easily...even if Bitcoin is not the winner of the crypto-currency market competition. He also compares the hardy vitality of P2P currencies to that of P2P file-sharing. The free, independent Napster file-sharing service was launched in June of 1999 an rocketed to popularity, but the shutdown of it in July of 2001 was not exactly the end of free P2P music-sharing... In fact, just going by the services that I can just recall fellow college students using at the time, there was:
SoulSeek (launched in 1999/2000)
Gnutella (early 2000)
BearShare (December 2000)
Morpheus (2001)
Kazaa (March 2001), and
LimeWire (May 2000).
And of course there are the file-sharing services that are popular today, from Dropbox to these:
http://www.ebizmba.com/articles/file-sharing-websites
to these:
http://en.wikipedia.org/wiki/Comparison_of_BitTorrent_clients
Now. As far as digital crypto-currencies today, there's Litecoin, Peercoin, Namecoin, Quark, Protoshares, Worldcoin, Megacoin, Primecoin, and Dogecoin, and dozens other listed here, totaling in 54:
http://coinmarketcap.com/
The point that Voorhees makes about the pooled inventiveness and ingenuity of the crowd reminds me of something both revolutionary and prophetic that was said by John Gilmore (an American computer science innovator, Libertarian, Internet activist, and one of the founders of Electronic Frontier Foundation). He said:
"The Net interprets censorship as damage and routes around it."
-As quoted in TIME magazine (6 December 1993) (yes, 1993!)
http://en.wikiquote.org/wiki/John_Gilmore
Furthermore, on a separate note, the media angle that Bitcoin is practically "over" because of China blocking it (which that same friend was gloating about), here's all I have to say as well:
Here's a list of enterprises that were hardly destroyed after being banned in glorious all-powerful China:
Facebook, YouTube, Twitter, Wikipedia, WikiLeaks, and the New York Times' online edition (and a few others, named at the following links) were each NOT blasted into nonexistence by the force of "the Golden Shield Project," which we Americans call "the Great Firewall." Yup, Bitcoin is "over"!
References:
https://en.wikipedia.org/wiki/List_of_websites_blocked_in_China
https://en.wikipedia.org/wiki/Censorship_of_Wikipedia#China
http://www.nytimes.com/2012/10/26/world/asia/china-blocks-web-access-to-new-york-times.html?_r=0
https://en.wikipedia.org/wiki/Internet_censorship_in_the_People%27s_Republic_of_China
Hey, but waddaya know - Some of the 1,350,695,000 people in The People's Republic have ways around that censorship, as do the millions of people in so many other Internet-censoring countries:
https://en.wikipedia.org/wiki/Internet_censorship_in_the_People%27s_Republic_of_China#Evasion
http://en.wikipedia.org/wiki/Internet_censorship_circumvention#Software

Here's the full video of the Bitcoin debate:
http://www.youtube.com/watch?v=7mUn-d8R98k
Edit/Follow-up: To extend the analogy of P2P digital currencies and P2P file-sharing (and most notably, music-sharing), what would be the currency equivalent of iTunes, which came ou in January 2001? Will JPMorgan's crypto-currency project (as I saw here, and it was downvoted to hell: http://www.reddit.com/Bitcoin/comments/1sp6hh/jpmorgan_is_looking_to_copy_bitcoin_and_the_coin/), even though it was initially rejected 175 times, find some way to charge/surcharge people small amounts at a time for usage (a la iTunes' 99 cents per song), in traditional-bank-style?
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[uncensored-r/Bitcoin] Boicot China and JPMorgan, they not trust in bitcoin

The following post by NEMGOTO100USD is being replicated because the post has been silently removed.
The original post can be found(in censored form) at this link:
reddit.com/ Bitcoin/comments/6zv8s5
The original post's content was as follows:
we need to remove china and jpmorgan from bitcoin, they do not believe in bitcoin, all users who use china exchange houses, take their bitcoins and send them to other non-Chinese exchange houses,bitcoin needs a new house, and that must be japan, since the creator of bitcoin is japanese, to change all the bitcoins to exchange houses in japan, and to give a hard hit to china, also to eliminate jpmorgan from bitcoin, the CEO is an idiot, talks about fraud, when the company jpmorgan paid millions of dollars for fraud, in addition to that they tried to patent alternative bitcoin, and was rejected 175 times, it is not our fault that poor daemon jamie did not buy bitcoin when it cost 7 cents, and the most important never ever open an account at jpmorgan and never use your bank
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

09-14 11:32 - 'Boicot China and JPMorgan, they not trust in bitcoin' (self.Bitcoin) by /u/NEMGOTO100USD removed from /r/Bitcoin within 1199-1209min

'''
we need to remove china and jpmorgan from bitcoin, they do not believe in bitcoin, all users who use china exchange houses, take their bitcoins and send them to other non-Chinese exchange houses,bitcoin needs a new house, and that must be japan, since the creator of bitcoin is japanese, to change all the bitcoins to exchange houses in japan, and to give a hard hit to china, also to eliminate jpmorgan from bitcoin, the CEO is an idiot, talks about fraud, when the company jpmorgan paid millions of dollars for fraud, in addition to that they tried to patent alternative bitcoin, and was rejected 175 times, it is not our fault that poor daemon jamie did not buy bitcoin when it cost 7 cents, and the most important never ever open an account at jpmorgan and never use your bank
'''
Boicot China and JPMorgan, they not trust in bitcoin
Go1dfish undelete link
unreddit undelete link
Author: NEMGOTO100USD
submitted by removalbot to removalbot [link] [comments]

JP Morgan Will DOMINATE BitCoin! HUGE CRYPTOCURRENCY NEWS! Bitcoin, Ethereum 2.0, Zcoin, Cardano Shelley, Harmony Protocol, Zilliqa Crypto News  Bitcoin Rejected, Whole Market Dumps! Coinbase Challenging Paypal JP Morgan Says BITCOIN & CRYPTO Have Staying Power - Gemini Hires Former Goldman Sachs Exec Xrp Ripple News: XRP JP Morgan Blockchain Really?!!!!!

Earlier in the week, we detailed JPMorgan's attempt to create their own "web cash" alternative to Bitcoin (and Sberbank's talk of doing t... r/AmITooLate4Bitcoin: #1 Bitcoin Answer - Trust me it is NOT too late to invest, advised to buy or you will have severe regrets. Investing in … JPMorgan's "Bitcoin-Alternative" Patent Rejected (175 Times) Earlier in the week, we detailed JPMorgan's attempt to create their own The financial publication Zerohedge reports that JP Morgan applied for a “Bitcoin Alternative” patent in 2013 and was rejected 175 times. Former JP Morgan Executives Leave the Firm for Bitcoin ... The International Business Times reports that JP Morgan’s long-rumored bitcoin clone, informally dubbed “web cash,” has once again been denied a U.S. patent.The system, described as a “method and system for processing internet payments using the electronic funds transfer network,” was originally submitted for patent consideration in August of last year.

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JP Morgan Will DOMINATE BitCoin!

Did you hear about the bankster who said cryptocurrency was a waste of time? His "Bitcoin alternative" patent was rejected 175 times! Full story: https://dol... JP Morgan Racism; Fractional Stock Buying; Monero Rejects finCEN Guidelines; QuadrigaCX Drama The Cryptoviser ... BITCOIN MATH WITH MCAFEE! - Duration: 17:05. AIBC Summit 141,506 views. 17:05 ... JP Morgan's CEO once called Bitcoin a fraud but now seems to changing their tune. In addition, JP Morgan recently started to provide banking services to crypto exchanges Gemini and Coinbase. Be Careful About What You Read On Twitter Thanks for watching my channel!!!! 01:53 Market Update 02:28 JP Morgan hypocrisy 03:39 Joseph Lubin ETH 2.0 04:57 VISA Blockchain Patent 06:21 Cardano Shelley 08:05 Cardano Price Analysis 08:30 ZCoin Masternodes and LLMQ 09:38 ...

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