Can I mine JPMcoins?
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JPMorgan patents Bitcoin-like payment system.
"JPMorgan Chase has patented a digital payment system that could rival Bitcoin.
JPMorgan has also patented payment software that would latch onto your Internet browser and allow you to shop without pausing to fill out forms with personal financial information. And with what the bank calls its Internet Pay Anyone Account, moving funds would be anonymous and as easy as sending an email."
[url=http://money.cnn.com/2013/12/10/technology/bitcoin-jpmorgan/]http://money.cnn.com/2013/12/10/technology/bitcoin-jpmorgan/[/url]
:o
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DimonCoin lol.
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[quote name=“Ernesto” post=“42852” timestamp=“1386738920”]
"JPMorgan Chase has patented a digital payment system that could rival Bitcoin.
[/quote]Don’t they mean PayPal?
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It sounds like they’re trolling.
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A closer inspection of this reveals that it’s not a crypto-currency and has very little in common with Bitcoin.
It’s basically a repackaging the credits you already use to pay for stuff online. The only new bit is a Payment Portal Processor that will be tied to a “digital wallet” (the part that makes people think Bitcoin) that can hold your credits. The “PPP,” as its referred to in the patent, will be able to “store miles, coupons, sweepstakes or other marketing incentives associated with use of the accounts linked to the PPP.” It will also “[enrich] the consumer e-commerce experience by eliminating the tedious process of tilling [sic] out lengthy payment and shipping fields as this is done automatically.”
It’s still tied to your credit cards, and your payments will still be processed by the same Electronic Funds Transfer network used to process payments today. JP Morgan’s system does nothing for security enhancement. To authenticate the payment from the user, a bank can require, " a software certification, an encrypted PIN, or the mother’s maiden name of the consumer."
Nothing to see here, folks. Move along now.
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[quote name=“Kevlar” post=“43140” timestamp=“1386789619”]
A closer inspection of this reveals that it’s not a crypto-currency and has very little in common with Bitcoin.It’s basically a repackaging the credits you already use to pay for stuff online. The only new bit is a Payment Portal Processor that will be tied to a “digital wallet” (the part that makes people think Bitcoin) that can hold your credits. The “PPP,” as its referred to in the patent, will be able to “store miles, coupons, sweepstakes or other marketing incentives associated with use of the accounts linked to the PPP.” It will also “[enrich] the consumer e-commerce experience by eliminating the tedious process of tilling [sic] out lengthy payment and shipping fields as this is done automatically.”
It’s still tied to your credit cards, and your payments will still be processed by the same Electronic Funds Transfer network used to process payments today. JP Morgan’s system does nothing for security enhancement. To authenticate the payment from the user, a bank can require, " a software certification, an encrypted PIN, or the mother’s maiden name of the consumer."
Nothing to see here, folks. Move along now.
[/quote]Thanks!
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[quote name=“Kevlar” post=“43140” timestamp=“1386789619”]
A closer inspection of this reveals that it’s not a crypto-currency and has very little in common with Bitcoin.It’s basically a repackaging the credits you already use to pay for stuff online. The only new bit is a Payment Portal Processor that will be tied to a “digital wallet” (the part that makes people think Bitcoin) that can hold your credits. The “PPP,” as its referred to in the patent, will be able to “store miles, coupons, sweepstakes or other marketing incentives associated with use of the accounts linked to the PPP.” It will also “[enrich] the consumer e-commerce experience by eliminating the tedious process of tilling [sic] out lengthy payment and shipping fields as this is done automatically.”
It’s still tied to your credit cards, and your payments will still be processed by the same Electronic Funds Transfer network used to process payments today. JP Morgan’s system does nothing for security enhancement. To authenticate the payment from the user, a bank can require, " a software certification, an encrypted PIN, or the mother’s maiden name of the consumer."
Nothing to see here, folks. Move along now.
[/quote]On the other hand, Link + FLUX can do those as well. This is going to be fun.
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[quote name=“zerodrama” post=“42855” timestamp=“1386739316”]
DimonCoin lol.
[/quote]When I start my JDC client, the Dev’s client contacts mine and says it needs to take all the coins I mined.
I click “No”, but every minute another notice pops up asking for all of my coins and the messages get more dire each time … “but the blockchain will fail if you don’t!”, “if you don’t give me your coins I will crash the cryptocurrency market!”, “I know where you live!”.
wtf!
