2014-01-23 Bloomberg: Lew calls bitcoin place to hide shares Dimon's Incredulity

[StarfishPrime]

http://www.bloomberg.com/news/2014-01-23/lew-calls-bitcoin-a-place-to-hide-shares-dimon-s-incredulity-.html

Lew, who leads the Obama administration’s efforts to fighting illicit finance globally, said he discussed Bitcoin with JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon and shares a “certain incredulity” about it.

Like it or not for the unindicted co-conspirators of global banking, the bitcoin train will be hard to stop.

Coming from the CEO of the most-fined bank in history, it actually rings more like an endorsement. There's so much shameless irony here it's difficult to know where to start - no wonder Dimon's keeping a very low profile in Davos. Talk about the "whale" in the room.

[FeedbackLoop]

Banksters have it so easy that they do not need to understand the power of self-organised systems. Therefore the incredulity.

Also, lol at the terrorism FUD. So discrediting...

[LiteCoinGuy]

when jp is to slow, wells fargo will do it. but it would be nice to have both.

[marcus_of_augustus]

So Lew and Dimon working together to talk down bitcoin? ... ergo, they want to buy in lower 

[Foxpup]

Can someone post the original article? Looks like Bloomberg's pulled the old switcheroo.

[aigeezer]

Can someone post the original article? Looks like Bloomberg's pulled the old switcheroo.

It's all over the Net echo chamber now (Google "bloomberg lew calls bitcoin").

Here's a version I found in the belly of the beast, attributed to Bloomberg: http://www.americanbanker.com/syndication/lew-calls-bitcoin-a-place-to-hide-shares-dimons-incredulity-1065122-1.html

[bitbouillion]

efforts to fighting illicit finance

.. with JPMorgan ...

Their fines for "illicit finance" were higher than whole Bitcoin valuation ever.

 

[NewLiberty]

He is just whining because he missed getting his limit order on bitstamp filled.

We should be keeping a list though, and make a game out of it like bitcoin bingo...
Whenever the head of one of the largest 24 banks in the world denounces Bitcoin, you get a box checked out.  5 in a row wins.

Hey... that could actually be fun.  Who want's to buy a bitcoin bingo card?  Someone go code it up and start taking orders. 

[Peter R]

Also, lol at the terrorism FUD. So discrediting...

A good friend of mine has a theory of how we use "negative entropy" sources to help us more easily get things done.  An example of a "negative entropy" source are words that create a strong emotional response, like "terrorism." 

His theory is that we will use these words (negentropy) to dump entropy into until we've extracted all of the useful work from that source.  At this point, these words actually begin to have the opposite effect on the public as they once did. 

I think we are nearing that point already.  Whenever I hear "terrorist," "drugs," "money laundering," or "child porn" my instant emotional response is against the person who is trying to use these words to advance their agenda. 

[kerogre256]

Also, lol at the terrorism FUD. So discrediting...

A good friend of mine has a theory of how we use "negative entropy" sources to help us more easily get things done.  An example of a "negative entropy" source are words that create a strong emotional response, like "terrorism." 

His theory is that we will use these words (negentropy) to dump entropy into until we've extracted all of the useful work from that source.  At this point, these words actually begin to have the opposite effect on the public as they once did. 

I think we are nearing that point already.  Whenever I hear "terrorist," "drugs," "money laundering," or "child porn" my instant emotional response is against the person who is trying to use these words to advance their agenda. 

This is interesting because I react exactly the same when person use "terrorist," "drugs," "money laundering," or "child porn" in debate or as argument for something, person lose for me all credibility straight away.

[TraderTimm]

A good friend of mine has a theory of how we use "negative entropy" sources to help us more easily get things done.  An example of a "negative entropy" source are words that create a strong emotional response, like "terrorism." 

His theory is that we will use these words (negentropy) to dump entropy into until we've extracted all of the useful work from that source.  At this point, these words actually begin to have the opposite effect on the public as they once did. 

I think we are nearing that point already.  Whenever I hear "terrorist," "drugs," "money laundering," or "child porn" my instant emotional response is against the person who is trying to use these words to advance their agenda. 

Interesting, because I think they've expended most of their power using these words as well. It will become increasingly obvious that all along they were  just trying to scare people into directions that profited them personally. I think Bitcoin will transform the world, and some of these blood-suckers damn well know it. Why else revert to such emotionally fueled rants? They're losing control, and its about fucking time.