News for hackers. Stuff that matters.

A comment on Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk. Parent comment

Re:Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk by CrystalLangUser on Thursday December 21, 2017 @09:13PM (#15984749)
You totally misread the parent comment. Nowhere did they state they only wanted a store of value.

They were talking about the blockchain and its public recordkeeping. There's nothing like Wells Fargo doing shady things and charging you money, or BofA randomly charging you money or changing their account rules, or freezing your account...

Coins have their downsides, but a public ledger for absolute truthkeeping is not one of them.

[ Parent | on HN ]
Re:Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk by notyourday on Friday December 22, 2017 @11:40AM (#15988731)
That's not correct. Wealth is a measure of stored value, be it in producing assets or currency.
[ Parent | on HN ]
Re:Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk by alexasmyths on Saturday December 23, 2017 @09:19PM (#15997514)
Sure - you can technically store wealth in currency. Just saying it's generally not ideal over the long haul, and that that is 'ok'.
[ Parent | on HN ]