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Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk (bloomberg.com)
An anonymous reader quotes a report from Bloomberg: Goldman Sachs is setting up a trading desk to make markets in digital currencies such as bitcoin, according to people with knowledge of the strategy. The bank aims to get the business running by the end of June, if not earlier, two of the people said. Another said it's still trying to work out security issues as well as how it would hold, or custody, the assets. The move positions Goldman Sachs to become the first large Wall Street firm to make markets in cryptocurrencies, whose wild price swings and surging values have captured the public's imagination but given pause to established institutions. Goldman Sachs is now assembling a team in New York, one of the people said. While the bank hasn't made a decision where to house the desk, one possibility is that it will operate within the fixed-income, currencies and commodities unit's systematic trading function, which conducts transactions electronically, two people said.
Wow, you really smoked some bad S**T in the third reich but you lost, remember? Instead of bitching about a tiny religion with an outsized impact on the world because of its emphasis on study, why don't you learn something other than hatred? Do something, make some money, get a life? I wish I had some of that power you speak of but not all us class 4 Jews are in the loop I guess. I particularly enjoy that bit about Jews controlling the music industry. All those damn Jews: Snoop, 50 cent, Janet Jackson, Madonna, ...
We did have a good run in Nobel prizes that you forgot to mention. Rabi, Einstein, Feinman, .... All no doubt awarded by those damned Swedish Jews you hate so much. But sadly, as the US immigrants assimilated, that has gone away. Now the people doing the research are more Chinese, Indian, Pakistani and Iranian Jews. Do you hate them too?
> I have never seen the value of cryptocurrency
Bitcoin does suck as a currency due to expensive and time consuming transactions. But it does have some potential as a place to store value. IE Swiss bank accounts were all the rage, as they were a single number that didn't have to be tied to any person or company directly.
> all transactions be made public on the network and tied to a unique set of numbers corresponding to particular "wallets."
True with every use of a wallet they will lose some of their anonymity. But Bitcoin is still similar to the swiss accounts of old, it is a number that you can still create new wallets simply. If use is high enough, and enough other currencies setup exchanges, it will be possible to go into and out of Bitcoin using other currencies and also having too many transactions to realistically track a complete history.
Bitcoin will likely have to change (but it has that built into it's design.) IE to have some big money take over and create stability and the protocol will have to evolve for things like: A faster exchange, and likely it's limited supply will change as well. This spike has gotten it attention and everyone to know the name. But after the big crash, a big change will likely have to come about to save it.
When you hate people, you make claims about how "they" are all .... You don't have to say the word hate to make it clear. You clearly hate me, even though I've never done anything to you, never controlled the media, cheated any "gentiles" out of their life savings.
I'm not going to refute you point by point. I am not interested in your obsessions. I know a lot of Jews, and I don't know any that behave the way you describe. And I'll bet you don't know any personally, because you hate us so much in the abstract. You hate us so much that you consider Madonna tainted just because she's into Kaballah, though she's also into piercings, Bondage and Discipline, and displays of public sexuality, not exactly behavior sanctioned by orthodox Judaism. Madonna's been into quite a few things. Don't worry, I'm sure she'll grow out of it.
I live a middle class life, worry about retirement, college for the kids, what we will do when computers make labor obsolete, all the usual things slashdotters do.
"We Jews" are not all anything, any more than non-jews are pigs. *You* are a pig, and I'm sure you would make excellent bacon, but that doesn't make your neighbors pigs. Everyone has to earn the epithets by their behavior. You certainly earn yours.
As I asked, is it only Jews? Are there any other groups you have a high opinion of?
*All* speculation in the world for everything that exists is speculation. The question is: Did you capitalize on it and built yourself up?
From your response I'm guessing your're a poor little dumbass that doesn't know foot from mouth and is now jealous of those who profited from intelligence.
Even if you were right (which you're not), there's no need to be mean about it.
"Speculation" is used in investing as distinct from "investment." Investment generally refers to putting money into a company based on some meaningful information and guesses about what the company is going to do and how well it is going to perform--for example, you look at the Amazon echo and Amazon financial statements and decide you should invest in Amazon. Speculation refers to primarily uneducated guessing about which way the numbers are going to move, especially in a way which is disconnected from meaningful metrics. Following the herd to ride the bubble is speculation.
Goldman Sachs will trade anything people show interest in. They don't care if it's a good investment or not, they make the money off transaction fees.
"First they came for the slanderers and i said nothing."
It is drained. Trump replaced the stuff that was hidden behind secret deals and simply made it public. I mean, look at all the leaders of the departments - they're run by industry nowadays.
The FCC is run by basically a Verizon shill. The EPA is run by what, an oil exec? Etc.
Trump said he'd drain the swamp. He didn't promise to clean it up. Everything everyone does can be traced to corruption, but it's out in the open now. Tax cuts for the rich? Well, that's plainly obvious. No need for analysts to figure out this tax cut which looks good for the poor actually funnels money to the 1% - now we just make it all about cutting taxes on the rich.
Easy. Trump's drained the swamp alright. You can see the corruption happening now, when before it all took place behind closed doors.
I'm guessing your're a poor little dumbass that doesn't know foot from mouth and is now jealous of those who profited from intelligence.
Bitcoin is over now. It's gone from $20,000 to $13,000 in two days. Maybe ther'll be a rally or two but the fat lady is now clearing her throat.
Some people will have made a million, yes, but for every one of those there's a thousand others who lost a thousand bucks. It's simple math.
Were they all "intelligent"?
No sig today...
The way that the systems are designed require that all transactions be made public on the network and tied to a unique set of numbers corresponding to particular "wallets." There is ultimately zero anonymity with cryptocurrency long-term.
You know there are several privacy-oriented cryptocurrencies where transactions are not public? The prominent ones include Monero and Zcash, and there are other worthwhile contenders such as Zcoin. It's not like developers have been sitting on their asses since Bitcoin was launched in 2009.
Escher was the first MC and Giger invented the HR department.