Goldman Sachs Report Explores Use of Bitcoin as Currency

Re:Goldman Sachs Report Explores Use of Bitcoin as Currency by DSingularity on Monday January 15, 2018 @11:37PM (#16155864)

Because it needs to have value everyone agrees on.

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Re:Goldman Sachs Report Explores Use of Bitcoin as Currency by mulmen on Monday January 15, 2018 @11:57PM (#16155940)

But we don't all agree on the price of bitcoin and I don't see why we would just because it's rare.

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Re:Goldman Sachs Report Explores Use of Bitcoin as Currency by westoque on Tuesday January 16, 2018 @01:42AM (#16156279)

I don’t think it’s just the rarity. It’s also trustless, secure and easy to transfer. For ex, with gold, you’d have to carry blocks of it to move it around. And even then, you’d still don’t exactly trust it’s source 100% unlike bitcoin, where everything is in the ledger.

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Re:Goldman Sachs Report Explores Use of Bitcoin as Currency by mulmen on Tuesday January 16, 2018 @04:58AM (#16156988)

Pretty sure gold scales better than bitcoin as far as transactions over time.

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Re:Goldman Sachs Report Explores Use of Bitcoin as Currency by chii on Tuesday January 16, 2018 @07:53PM (#16164505)

you'd be hard-pressed to try and transport gold across borders in any significant amount.

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Re:Goldman Sachs Report Explores Use of Bitcoin as Currency by brucephillips on Tuesday January 16, 2018 @07:54PM (#16164510)

The vast majority of people own derivatives, not physical gold.

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