{"id":7857,"date":"2017-10-23T11:15:14","date_gmt":"2017-10-23T18:15:14","guid":{"rendered":"http:\/\/cryptoslate.com\/?p=7857"},"modified":"2026-04-26T16:18:24","modified_gmt":"2026-04-26T15:18:24","slug":"eidoo-trolls-jamie-dimon-full-page-wall-street-journal-ad","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/eidoo-trolls-jamie-dimon-full-page-wall-street-journal-ad\/","title":{"rendered":"Eidoo Trolls Jamie Dimon with Full-Page Wall Street Journal Ad"},"content":{"rendered":"<p>After Jamie Dimon\u2019s (CEO of JPMorgan Chase) crude remarks about Bitcoin came out in CNBC\u2019s interview a few weeks ago, <a href=\"https:\/\/cryptoslate.com\/coins\/bitcoin\/\">Bitcoin<\/a> took a quick plunge. Many saw this as a moment to buy more, however, and the price has been up over $1000 since the remarks.<\/p>\n<p>&#8220;So right now I say these crypto things are kind of a novelty,&#8221; Dimon said. &#8220;But the bigger they get, the more governments are going to close them down.&#8221;<\/p>\n<p>He is correct to an extent: Around this time, China announced a ban on Chinese exchanges, as well as an all-out ban on ICOs (initial coin offerings). Governments are having a hard time trying to figure out how to deal with a decentralized currency, the first of its kind.<\/p>\n<figure id=\"attachment_8834\" aria-describedby=\"caption-attachment-8834\" style=\"width: 225px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-8834\" src=\"http:\/\/cryptoslate.com\/wp-content\/uploads\/2017\/10\/maybe-jamie-will-fire-you-too-225x300.jpg\" alt=\"\" width=\"225\" height=\"300\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2017\/10\/maybe-jamie-will-fire-you-too-225x300.jpg 225w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2017\/10\/maybe-jamie-will-fire-you-too.jpg 600w\" sizes=\"(max-width: 225px) 100vw, 225px\" \/><figcaption id=\"caption-attachment-8834\" class=\"wp-caption-text\">The full page ad Eidoo took out in the Wall Street Journal, reportedly costing $250,000.<\/figcaption><\/figure>\n<p>One cryptocurrency startup has decided that Jamie\u2019s remarks were a perfect ploy to advertise none other than (yes, you guessed it): Bitcoin.<\/p>\n<p><a href=\"http:\/\/cryptoslate.com\/coins\/eidoo\">Eidoo<\/a> bought a $250,000 full-page ad in the Wall Street Journal that bashed Jamie Dimon and promoted their \u201cblockchain-to-human\u201d interface digital wallet.<\/p>\n<p>Eidoo is a very easy-to-use cryptocurrency wallet. They plan to roll out features that we are used to seeing in everyday life, like debit cards that you will be able to use at checkouts, and will be able to hold all ERC20 tokens and <a href=\"https:\/\/cryptoslate.com\/coins\/ethereum\/\">Ethereum<\/a> (as well as Bitcoin).<\/p>\n<p>\u201cMaybe Jamie will fire you. But, you'll be free to trade in the crypto-world.\u201d<\/p>\n<p>Clearly, many people, even on Wall Street, see decentralized currencies and cryptokens as the future.<\/p>\n<p>Even in the early stages, Bitcoin and other cryptocurrencies are a much faster, safer, and more effective alternative to fiat. Centralized banks are going to lobby against decentralized currencies just as oil companies lobby against electric cars.<\/p>\n<p>The interesting difference of the battle between centralized and decentralized currencies that doesn\u2019t exist with traditional lobbying clashes is the lack of transition.<\/p>\n<p>Decentralized currencies call for fewer middlemen involved; smart contracts and blockchain will take care of many of the traditional jobs that a hierarchical structure, such as JPMorgan, need to survive. In other words: there\u2019s far less room for centralized financial institutions to profit. This results in a huge push for centralized banks and corporations to keep Bitcoin looking like a scam.<\/p>\n<figure id=\"attachment_8835\" aria-describedby=\"caption-attachment-8835\" style=\"width: 300px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-8835\" src=\"http:\/\/cryptoslate.com\/wp-content\/uploads\/2017\/10\/john-macafee-bitcoin-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2017\/10\/john-macafee-bitcoin-300x200.jpg 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2017\/10\/john-macafee-bitcoin.jpg 600w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><figcaption id=\"caption-attachment-8835\" class=\"wp-caption-text\">John McAfee is a computer programmer and businessman who founded the software company McAfee Associates in 1987 and ran it until 1994, when he resigned from the company.<\/figcaption><\/figure>\n<p>As with Eidoo's reaction, other cryptocurrency supporters are combatting \u00a0negative remarks. In an interview with CNBC John MacAfee, a longtime supporter of Bitcoin, challenged what Dimon said about Bitcoin.<\/p>\n<p>He even went on to remark that it is not Bitcoin that is the fraud, but the dollar that is fraud.<\/p>\n<p>&#8220;The fact that bitcoin is consistently growing in its use and its value has to say something,&#8221; McAfee said. &#8220;Sure, it will rise and fall, as all new technologies are. But at the same time, it is certainly not a fraud.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After Jamie Dimon\u2019s (CEO of JPMorgan Chase) crude remarks about Bitcoin came out in CNBC\u2019s interview a few weeks ago, Bitcoin took a quick plunge. Many saw this as a moment to buy more, however, and the price has been up over $1000 since the remarks. &#8220;So right now I say these crypto things are [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":8833,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[107],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Eidoo Trolls Jamie Dimon with Full-Page Wall Street Journal Ad<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/eidoo-trolls-jamie-dimon-full-page-wall-street-journal-ad\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eidoo Trolls Jamie Dimon with Full-Page Wall Street Journal Ad\" \/>\n<meta property=\"og:description\" content=\"After Jamie Dimon\u2019s (CEO of JPMorgan Chase) crude remarks about Bitcoin came out in CNBC\u2019s interview a few weeks ago, Bitcoin took a quick plunge. Many saw this as a moment to buy more, however, and the price has been up over $1000 since the remarks. &#8220;So right now I say these crypto things are [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/eidoo-trolls-jamie-dimon-full-page-wall-street-journal-ad\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-23T18:15:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-26T15:18:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2017\/10\/jamie-dimon-edioo-cover-cover.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1648\" \/>\n\t<meta property=\"og:image:height\" content=\"588\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dylan Dedi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dylan Dedi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/eidoo-trolls-jamie-dimon-full-page-wall-street-journal-ad\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/eidoo-trolls-jamie-dimon-full-page-wall-street-journal-ad\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/dylan-dedi\/#person\",\"name\":\"Dylan Dedi\",\"url\":\"https:\/\/cryptoslate.com\/author\/dylan-dedi\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/dylan-dedi\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/dylan-dedi\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/01\/author-dylan-dedi.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/01\/author-dylan-dedi.jpg\",\"caption\":\"Dylan Dedi\"},\"description\":\"Dylan is a cryptocurrency writer with a big interest in blockchain. 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