"Nominal Power Consumption: 1100W" for 1.1 TH/s? 2x Antminer S3 is a far better deal...

Yeah I really don't see many people using the Xapo card after that. $5 monthly fee + shipping fee + replacement fee + ATM fee, heck they even charge you a fee to change you PIN >.< 

I'm glad that he's promoting Bitcoin, but I also wish Overstock would keep a fraction of the Bitcoin they received from sales instead of converting it all to fiat. Even something as small as 0.5% . Start small and increase the percent kept as bitcoin price grows and/or as his suppliers accept bitcoin.

With how young bitcoin is, I think people looking to invest in bitcoin should see a nice return even within a 2 year timeframe. With the current adoption rate, 5 years from now I can only imagine how huge bitcoin will be. 1-2 years ago people may have said "bitcoin will be huge or nothing at all in 2 years", but we have come a LONG way since then.

This is like Blockbuster not jumping on internet video streaming when they saw Netflix coming around the corner. Let Visa fade away

Yeah you could tell that the reporter didn't know jack about Bitcoin and was just reading a script. Either way though, the more people are aware of bitcoin the better and unfortunately TV is the path into the minds of most of the developed world.

Although they didn't really add any "news" to what people have already heard about Bitcoin, I am glad that they aired this piece if for nothing else but to inform people that may have not heard about it yet. The more people that are aware of it, the better for us all. Now we just need some companies (like coinbase) to give away some small amount of Bitcoins to new users so that people can become familiar with how they transact and Bitcoin adoption will increase even further.

Thanks for that article. Besides all the connections JPM has, these comments are the ones I found most interesting.


"JPMorgan Chase CEO Jamie Dimon is on Capitol Hill again today, this time to talk to the House Financial Services committee about the bank's recent multibillion-dollar trading loss. ...His Senate hearing was hardly a grilling; senators mostly praised him for his "emphasis on continuous quality improvement," in the words of Senator Jim DeMint, R-S.C. " -- Basically, we called you here to investigate why these losses took place, but instead....lets just complement you on your work ethic.

"Jamie Dimon sits on the board of the New York Federal Reserve — something that's prompted a proposed bill from Democratic senators that would ban officials of banks that can receive loans from the Fed from serving on any of its boards. JPMorgan and 17 other banks whose execs served on regional Fed boards got emergency loans from the Fed between 2007 and 2009. A government report found no evidence of conflict of interest from the arrangement, but did raise the concern of "reputational risks" from the appearance of one. " --JPM CEO sits on NY Federal reserve board and received emergency loans from the Fed back during the subprime crisis. I wonder if the fed gave these loans out to many corporations or if there was any JPM favoritism (not that it really matters after the bailouts).

I don't know much about Jamaica, Ukraine or Belize, but 40% annual chance of going bankrupt seems like it would make the top 10. Unless this article is basing it off of Debt % of GDP.

Anyone following Stephen Reed's Model (all of us right?) should check out this related video as to why the S-curve is related to Bitcoin: https://www.youtube.com/watch?v=qHUPPYzzZrI&index=11&list=PLzctEq7iZD-7-DgJM604zsndMapn9ff6q

Brought to my attention by Litecoinguy here: https://bitcointalk.org/index.php?topic=723876.new#new

You should check out S-curve by Stephen Reed: https://bitcointalk.org/index.php?topic=366214.0

So far Bitcoin, is following the S-curve rather nicely.

1BTC a day, 5 days a week is currently $151,000 a year. You would need to be doing either a high paying service or running your own shop to make that much. Aim much lower than that to start, and if it kicks off well, then great.

Could JP Morgan have a very large derivative sheet in order to combat a predicted high inflation rate? Maybe they know something we don't?

How did they forget places like Ireland, Portugal and Spain? Ireland is predicted to have about a 40% year over year chance of becoming bankrupt.

Did you ever re-locate to the Caribbean? Have you transferred most of your wealth into bitcoins? And do you know pay your employees in bitcoins? If this has been answered elsewhere you should update your OP with the links to the answers, I'm very curious.

I think it's important to keep a plain, simple bitcoin client such as the bitcoin-QT client for purposes of running on old machines or creating simple hardware that can run them. If/when we want a fancier GUI then we should look to create our own branches of Bitcoin-QT or look to other wallet developers such blockchain, mycelium, electrum, armory etc etc.

I personally think all of these wallets are great in their own way and I support the various wallet developments, I enjoy having many options.

I could only imagine how difficult it would be to keep track of AND protect 15-20 paper wallets. Do you have a solution for those issues?

If you're using it for cold storage just make sure to create the wallet on a live-cd or permanently offline PC. Also keep the the papers safe from other people viewing them. Otherwise that sounds fine.

Well I suppose he could try to pay a moderator to delete his post and then create the new account to sell it on...Otherwise you greatly just decreased the price people will pay for your account due to it now being known that it was (will be) sold.

One could argue that keeping the peso while knowing that inflation may or may not occur, is in itself speculation. Moving to USD, Gold, Bitcoin or w/e else, could be a move to improve stability. Gold and USD buying has tight restrictions, but they may be able to get Bitcoins.