Article: Bitcoin is a fraud that will blow up, says JP Morgan boss - The Guardian
Article: Genesis Mining billboards say Jamie Dimon is right - 'Bitcoin will eat your lunch' - IBT
JP Morgan CEO Jamie Dimon has gone to war with Bitcoin. In a set of angry remarks, Dimon said that Bitcoin is only good “If you were in Venezuela or Ecuador or North Korea or a bunch of parts like that, or if you were a drug dealer, a murderer, stuff like that, you are better off doing it in bitcoin than US dollars.”
Naturally, anyone whose fortunes are rooted in the traditional economy are going to be threatened by cryptocurrencies. It's just entertaining to watch someone so publicly lose their @#$% over it!
Entertainingly, Genesis Mining, who provides Bitcoin mining services, is having a lot of fun with Dimon, putting up billboards mocking him!
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Official Site: Kin - Kik Messenger
Article: Messaging App Kik Opens Registration for Its Token Sale - Observer.com
Article: Messaging App Kik Bets on Teenagers to Take Cryptocurrency Mainstream - Observer.com
I am still getting used to cryptocurrency! Hey, I've only been researching it for about 10 days now! But, one of the more interesting aspects is the world of ICO's, Initial Coin Exchanges. These are the crypto versions of the stock market's IPO's, Initial Public Offerings.
In this case, companies are offering tokens to the public for the first time. These tokens can later be converted to cryptocurrency. Kin is an Ethereum token being offered by Kik, the Canadian company that runs the messaging app.
Registration closed this past Saturday, September 9. I missed it, so I will have to watch from the sidelines. It should be interesting to see how it goes! There are other ICO's currently going. The most prominent are KickICO, which concerns ICO's themselves, and Social, based in Social Media.
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