Goldman Sachs Report Explores Use of Bitcoin as Currency

More than a little disturbing. They talk about helping developing economies, but what you can bet this means is that they'll be screwing over those people some way or another.

https://en.wikipedia.org/wiki/Goldman_Sachs#2007%E2%80%93200...

http://fortune.com/2016/04/11/goldman-sachs-doj-settlement/

This is the end game of cryptocurrencies; not worldwide financial liberation but the same massive financial institutions further cementing their power. Kind of funny that they are looking at Bitcoin at a point where it's more valuable but is more poorly suited to be a currency than ever before. Says a lot.

Has the Bitcoin crash of 2013 already been forgotten? It's totally irresponsible to use such a volatile asset as currency.

The article makes the point that Bitcoin could be viable in many countries where people already use foreign currencies because they don't trust their domestic currency.

That's one of the few arguments for cryptocurrency that I find convincing, but I think it's a stronger argument for cryptocurrencies other than Bitcoin. The Bitcoin transaction fees are so high right now that it doesn't make sense to use it for small purchases, which really limits its usefulness for people in poor countries.

For example, right now the average Bitcoin transaction fee is more than $20, and the average annual income in the Democratic Republic of Congo, one of the countries mentioned in the article, is about $400 per year.

Where can I read the actual report?