Tuesday, October 3, 2017

Frank Chapparo — Lloyd Blankfein says he's still studying bitcoin, people were also 'skeptical when paper money displaced gold'


Goldman has yet to speak.
The billionaire banker tweeted on Tuesday that he wasn't completely sure about his stance on the red-hot cryptocurrency.

Blankfein said he's "still thinking about bitcoin" and that he was not flat out endorsing or denouncing the digital currency....
Business Insider
Lloyd Blankfein says he's still studying bitcoin, people were also 'skeptical when paper money displaced gold'
Frank Chapparo



6 comments:

Ryan Harris said...
This comment has been removed by the author.
Matt Franko said...

Its not "paper money"....

Neil Wilson said...

Bitcoin is really useful and should be encouraged.

Because if you can persuade people to store their loot in Bitcoin you automatically end up with a balanced budget in US dollars and consequently no need to issue Treasuries.



André said...

"Bitcoin is really useful and should be encouraged."

I couldn't understand if it is irony or not. I hope it is.

There is no way that an enthusiast fuelled bubble like bitcoin is a good idea.

We MMTers more than anyone should know how flawed the bitcoin concept is.

Neil Wilson said...

The hoarders want a hoard. Let them have one. Then hoarders take a bath, not the rest of us.

If Bitcoin doesn't take your fancy there are plenty of others - all of which promise a finite money supply individually. Collectively that is a fallacy of composition of course, but you can't tell 'em.



Kaivey said...

I'm glad said that. I looked into it and they were far too expensive for me.