Possible Effects JPMorgan Chase Patent will have on BTC?

[NextGenBit]

Did a little skimming through some articles linked below, wanted to see what everyone else thought on the subject. I'm feeling like they are trying to cut bitcoin out taking many off its good features, centralize it and take the control of it away from the people who use it.

http://www.ft.com/intl/cms/s/0/e230307a-61c4-11e3-aa02-00144feabdc0.html
http://rt.com/business/bitcoin-jpmorgan-internet-cash-116/

[Lethn]

It will have no affect on Bitcoin or any cryptocurrencies for that matter, it's a bit like if the music industry suddenly came out with their own privately run torrent network which you pay money into to get, barely anybody would pay any attention to it.

[NextGenBit]

I like that outlook, but what is the possibility of countries banning anything btc related because of the bank now controlling a similar currency type?

[Lethn]

Very likely, some will, some won't, they can certainly ban it, but getting rid of it is going to be like with Bittorrent, as I've seen many other people saying it's just going to be a never ending game of whack-a-mole until they finally give up.

[NextGenBit]

Good analogy, thanks for settling my nerves. I was a little irked about this.

[Lethn]

lol honestly, the more you research Bitcoin and cryptocurrencies the more you realise governments are either going to have to live with it or fuck themselves over, I would have never taken an interest in this if the code hadn't been released open source

[edutBTC]

Honestly Jpmorgan looks like a jealous about BTC