diff --git a/config/default.yml b/config/default.yml
index 73a9cd23..a5386a21 100644
--- a/config/default.yml
+++ b/config/default.yml
@@ -3,6 +3,7 @@ BitcoreNode:
     network: livenet
     host: localhost
     port: 8333
+Reporter: simple # none, simple, matrix
 LevelUp: ./db
 RPC:
   username: username
diff --git a/index.js b/index.js
index 51e4e9f8..aae7b25e 100644
--- a/index.js
+++ b/index.js
@@ -1,7 +1,7 @@
 'use strict';
 
-
 var BitcoreNode = require('./lib/node');
+var reporters = require('./lib/reporters');
 
 if (require.main === module) {
   var config = require('config');
@@ -11,9 +11,17 @@ if (require.main === module) {
     if (err.code === 'ECONNREFUSED') {
       console.log('Connection to bitcoind failed');
     } else {
-      console.log('Unrecognized error: ', err);
+      console.log('Error: ', err);
     }
   });
+
+  var reporterName = config.get('Reporter');
+  var reporter = reporters[reporterName];
+  if (!reporter) {
+    throw new Error('Unrecognized network reporter: ' + reporterName +
+      '. Available: ' + Object.keys(reporters));
+  }
+  node.on('Transaction', reporter);
 }
 
 
diff --git a/lib/networkmonitor.js b/lib/networkmonitor.js
index e0194b2f..84e48dfc 100644
--- a/lib/networkmonitor.js
+++ b/lib/networkmonitor.js
@@ -8,7 +8,7 @@ var Networks = bitcore.Networks;
 var $ = bitcore.util.preconditions;
 var p2p = require('bitcore-p2p');
 var Peer = p2p.Peer;
-var Messages = p2p.Messages;
+var messages = new p2p.Messages();
 
 function NetworkMonitor(eventBus, peer) {
   $.checkArgument(eventBus);
@@ -36,7 +36,7 @@ NetworkMonitor.prototype.setupPeer = function(peer) {
   });
   peer.on('inv', function(m) {
     // TODO only ask for data if tx or block is unknown
-    peer.sendMessage(new Messages.GetData(m.inventory));
+    peer.sendMessage(messages.GetData(m.inventory));
   });
   peer.on('tx', function(m) {
     self.bus.process(m.transaction);
diff --git a/lib/node.js b/lib/node.js
index 198fbb76..6e67fc83 100644
--- a/lib/node.js
+++ b/lib/node.js
@@ -4,7 +4,6 @@ var util = require('util');
 var EventEmitter = require('eventemitter2').EventEmitter2;
 
 var bitcore = require('bitcore');
-var Unit = bitcore.Unit;
 var $ = bitcore.util.preconditions;
 
 var NetworkMonitor = require('./networkmonitor');
@@ -17,16 +16,6 @@ var BitcoreNode = function(bus, nm) {
   this.bus = bus;
   this.nm = nm;
 
-  this.bus.register(bitcore.Transaction, function(tx) {
-    var tout = Unit.fromSatoshis(tx.outputAmount).toBTC();
-    console.log('Transaction:', tx.id);
-    console.log('\ttotal_out:', tout, 'BTC');
-  });
-
-  this.bus.register(bitcore.Block, function(block) {
-    console.log('Block:', block.id);
-  });
-
   this.bus.onAny(function(value) {
     self.emit(this.event, value);
   });
diff --git a/lib/reporters.js b/lib/reporters.js
new file mode 100644
index 00000000..1e46849b
--- /dev/null
+++ b/lib/reporters.js
@@ -0,0 +1,35 @@
+'use strict';
+
+var bitcore = require('bitcore');
+var Unit = bitcore.Unit;
+
+var reporters = {};
+reporters.none = function() {
+  // do nothing
+};
+reporters.matrix = function(tx) {
+  var s = tx.toString();
+  for (var i = 0; i < s.length; i++) {
+    var slice = s.slice(4 * i, 4 * (i + 1));
+    if (slice.length < 4) {
+      continue;
+    }
+    var c = JSON.parse('"\\u' + slice + '"');
+    process.stdout.write(c);
+  }
+};
+reporters.simple = function(tx) {
+  var tout = Unit.fromSatoshis(tx.outputAmount).toBTC();
+  console.log('Transaction:', tx.id);
+  console.log('\ttotal_out:', tout, 'BTC');
+  console.log('\tinput addresses:');
+  tx.inputs.forEach(function(inp) {
+    console.log('\t\t' + inp.script.toAddress());
+  });
+  console.log('\toutput addresses:');
+  tx.outputs.forEach(function(out) {
+    console.log('\t\t' + out.script.toAddress());
+  });
+};
+
+module.exports = reporters;
diff --git a/test/networkmonitor.js b/test/networkmonitor.js
index 28660ca1..732f8310 100644
--- a/test/networkmonitor.js
+++ b/test/networkmonitor.js
@@ -51,11 +51,6 @@ describe('NetworkMonitor', function() {
   });
 
   it('instantiates correctly from create with opts', function() {
-    var opts = {
-      network: Networks.livenet,
-      host: '8.8.8.8',
-      port: 3001
-    };
     var nm = NetworkMonitor.create(busMock);
     should.exist(nm);
   });