What Goldman Is Telling Big Money Clients About Bitcoin • Hacker News Board

Re: What Goldman Is Telling Big Money Clients About Bitcoin

#11

Post by RandVal30142 » Tue, Aug 15, 2017, 5:56 AM UTC

aiyodev wrote: post #8

As a long term owner of Bitcoin, I can say this is the absolute worst time to start investing in it. It's development has been taken over by a group of mentally unstable developers with weird personal agendas and beliefs. The official Bitcoin website and subreddit are heavily censored and are no longer a reliable source of information. It's widely reported elsewhere that their moderator stole millions of dollars wort…

> It's development has been taken over by a group of mentally unstable developers with weird personal agendas and beliefs.

They literally want to edit Satoshi's bitcoin whitepaper[1]. One of the supporters of editing the paper is theymos, who runs the censored Reddit sub.

I was banned there after reporting a violent user who was urging the torture of Jihan Wu[2] of Bitmain. Violent invective and hate directed towards races & nationalities somehow are not insta-moderated while mundane comments about Bitcoin itself get mod-queued forever? Its out of control there.

That lot is not to be trusted.

[1] https://github.com/bitcoin-dot-org/bitcoin.org/issues/1325

[2] http://archive.is/oDdq5

Re: What Goldman Is Telling Big Money Clients About Bitcoin

#12

Post by canoebuilder » Tue, Aug 15, 2017, 5:57 AM UTC

MediumD wrote: post #7

Unfortunately, this is a pretty standard fluff piece with not much information. Would love to know what Goldman actually thinks about the prospects of cryptocurrency and distributed ledgers, but"real dollars are at work here and warrant watching" is the only shred of information this article give.

What use case is there for a distributed ledger that is superior to a centralized ledger?

As soon as a critical mass is formed around a particular use case, consortiums, i.e. governments will form to regulate and enforce trust and the system will move to far more efficient centralized ledgers.

Re: What Goldman Is Telling Big Money Clients About Bitcoin

#13

Post by fuyuasha » Tue, Aug 15, 2017, 5:59 AM UTC

fourstar wrote: post #4

What do people in the Bitcoin community think of this being perceived strictly as an investment vehicle?

It's a good cover story for the non-cognoscenti.

Re: What Goldman Is Telling Big Money Clients About Bitcoin

#14

Post by RandVal30142 » Tue, Aug 15, 2017, 5:59 AM UTC

tradersam wrote: post #9

aiyodev wrote: post #8

As a long term owner of Bitcoin, I can say this is the absolute worst time to start investing in it. It's development has been taken over by a group of mentally unstable developers with weird personal agendas and beliefs. The official Bitcoin website and subreddit are heavily censored and are no longer a reliable source of information. It's widely reported elsewhere that their moderator stole millions of dollars wort…

> As a long term owner of Bitcoin, I can say this is the absolute worst time to start investing in it. It's development has been taken over by a group of mentally unstable developers with weird personal agendas and beliefs. The official Bitcoin website and subreddit are heavily censored and are no longer a reliable source of information. It's widely reported elsewhere that their moderator stole millions of dollars wo…

>Roger and his cronies were spamming the network for months

For fucks sake. Show the "spam," track it to an individual. The blockchain is transparent yet no one has done this.

This is what my other comment was about. Named users in the community have been made into horrific caricatures who are the basis for conspiracies no one is able to prove despite the transparency of Bitcoin itself.

Re: What Goldman Is Telling Big Money Clients About Bitcoin

#15

Post by canoebuilder » Tue, Aug 15, 2017, 6:04 AM UTC

xxxxxxxx wrote: post #10

fourstar wrote: post #4

What do people in the Bitcoin community think of this being perceived strictly as an investment vehicle?

That's a totally valid use case. Bitcoin can be many things simultaneously.

strictly as an investment vehicle

If by strictly, he means solely, then something that is strictly an investment vehicle makes no sense. The piper must be paid at some point.

I can invest in shares of a company, but the shares aren't strictly an investment vehicle, they serve as a way for the company to acquire capital to put toward it's mission.

Re: What Goldman Is Telling Big Money Clients About Bitcoin

#16

Post by TrickyRick » Tue, Aug 15, 2017, 6:08 AM UTC

EGreg wrote: post #2

How to do an ICO totally legally? Is it even possible to register these securities without "going public"?

You create a new type of coin, sell it to investors for dollars and put it on the blockchain. What rights the owners of these coins get is up to you to decide, there is no regulation at play.

Re: What Goldman Is Telling Big Money Clients About Bitcoin

#17

Post by justinzollars » Tue, Aug 15, 2017, 6:10 AM UTC

It seems Ethereum, Bitcoin and Litecoin are correlated but how will they do with a stock market downturn?

Re: What Goldman Is Telling Big Money Clients About Bitcoin

#18

Post by fullshark » Tue, Aug 15, 2017, 6:13 AM UTC

justinzollars wrote: post #17

It seems Ethereum, Bitcoin and Litecoin are correlated but how will they do with a stock market downturn?

My guess is they will tank since their value is driven by speculation right now.

Re: What Goldman Is Telling Big Money Clients About Bitcoin

#19

Post by xor1 » Tue, Aug 15, 2017, 6:14 AM UTC

aiyodev wrote: post #8

As a long term owner of Bitcoin, I can say this is the absolute worst time to start investing in it. It's development has been taken over by a group of mentally unstable developers with weird personal agendas and beliefs. The official Bitcoin website and subreddit are heavily censored and are no longer a reliable source of information. It's widely reported elsewhere that their moderator stole millions of dollars wort…

>There are other cryptocurrencies that deserve attention but I won't mention them here so I don't look like a shill.

Shit, I'd appreciate it if you named some. I'm actually planning on putting my entire next paycheck towards crypto. Currently eyeing Neo even though I apparently missed the boat by not buying it when it was called ant.

Re: What Goldman Is Telling Big Money Clients About Bitcoin

#20

Post by iDemonix » Tue, Aug 15, 2017, 6:20 AM UTC

xor1 wrote: post #19

aiyodev wrote: post #8

As a long term owner of Bitcoin, I can say this is the absolute worst time to start investing in it. It's development has been taken over by a group of mentally unstable developers with weird personal agendas and beliefs. The official Bitcoin website and subreddit are heavily censored and are no longer a reliable source of information. It's widely reported elsewhere that their moderator stole millions of dollars wort…

>There are other cryptocurrencies that deserve attention but I won't mention them here so I don't look like a shill. Shit, I'd appreciate it if you named some. I'm actually planning on putting my entire next paycheck towards crypto. Currently eyeing Neo even though I apparently missed the boat by not buying it when it was called ant.

I keep looking at Neo but not sure I've already missed out