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climont
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Goldman Sachs on Bitcoin - Tim Iacono - Iacono Research

Hey morons , and what about a place with no electricity , in a forest , or in a boat , or after a war or a storm ? Where are your bitcoins ? Hmmm ? You morons .

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Beginning of the headline :On the subject of Bitcoin, I find myself in odd agreement with the folks at Goldman Sachs who, while they think the payment aspects of the crypto-currency are quite novel and could ultimately see widespread adoption, it will never succeed as money. That’s the gist of this story over at Tech Crunch that begins by suggesting that Bitcoin devotees might be advised to “take a cold shower, drink some coffee, and sober up”. On the subject of commodity money (i.e., what the world had for thousands of y... Read More

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