JP Morgan Rejected For Bitcoin Style Trademark 175, CEO Wages Five-Year Trolling War

It’s no secret .J.P. Morgan CEO Jamie Dimon is not a big fan of bitcoin, denouncing it in the media in October. What you may not know until now is that it’s because he and fellow executives simply cannot get a similar payment network registered as a trademark, despite making 175 attempts to do just that.

Of course, don’t expect Dimon himself to tell you that he is not down with Satoshi’s idea of the future. Talk to him now and he’ll say he regrets calling bitcoin a fraud.

While people here on Steemit probably aren’t big fans of Dimon, he’s making shareholders a lot of money. Under Dimon’s leadership, shares of JPMorgan Chase have increased in value by over 100%. He also drove the company to buy large amounts of bitcoin shortly after denouncing the payment network.

He’s currently in his fifth year as the head of the institution and the company’s shareholders are apparently fine with him manning the ship for at least five more.

It’s still wishy-washy as to whether Dimon has actually come around on bitcoin or not. He may just be backtracking because his employer is a member of the Ethereum Enterprise Alliance. Either way, there are clearly some sour grapes lodged in the pit of his stomach.

Perhaps JP’s big boss feels a certain type of way about things, maybe he doesn’t know whether to keep seeing bitcoin, or stick with his soon to be ex-girlfriend, who’s name rhymes with Biatch for a reason (yes, we’re talking to you Ms. Fiat).

What we can call be certain about regardless, is that an older, privileged, technologically inclined group of predominantly white males will continue to cash in on all pumps and dumps. For them, having any skin in the crypto game is a win no matter which way the market goes.

You can bet McAfee antivirus software founder John McAfee knows that too. His McAfee Crypto Team is charging $105,000 to crypto projects who want their coins best features promoted on Twitter. That’s right! For about double what the average American makes in a year, you can get your cryptocurrency pumped by Mr. McAfee.

While he’s making it publicly known now, McAfee doesn’t exactly promote the fact he’s well, promoting where 99% of us actually know him from. Twitter.

No mention of his own crypto holdings, receipt of payment in exchange for publicity or the fact that the crypto-themed polls he runs on his Twitter feed are really just collecting data for commercial use and not just for engaging his followers.

Perhaps there’s nothing wrong with polling people and using the data to your advantage.

On the other hand, you can bet now that people know how much money he’s making with his on-the-side publicity firm, those tweets may just begin to carry a little bit less juice.

As well they should. After all, McAfee is leading the community to a much bigger problem. The rise and dominance of crypto influencer marketing. While it’s definitely not a good thing when a software industry celebrity is pumping coins for money, at least he has to worry about protecting the public good will he’s worked his whole life to build up.

YouTubers on the other hand don’t necessarily have any track record other than sharing their opinions.

Take Michael Suppo aka Suppoman for example. He’s got hundreds of thousands of followers on YouTube and states on a regular basis that he does not accept money in exchange for promotional announcements in his videos.
Yet a recent investigative report by a fellow YouTuber shows Suppo answering messages confirming the receipt of bitcoin for one such announcement.

Then you also have users like CryptoNick and Trevon James facing jail time for promoting schemes like Bitconnect, a referral marketing company the SEC confirms is a pyramid scheme.

It’s obvious the new and best way to make money in crypto isn’t to HODL, buy dips, buy newsletters or buy automated trading software. It’s to build a huge following and promote projects whether you actually care if they succeed or not.

If a Youtube star, the president of an industry-leading antivirus software and the CEO of a major bank can do it, why not you too?