Goldman Sachs: "Blockchain - BTC´s underlying tech - could disrupt everything"

[LiteCoinGuy]

Goldman Sachs: "Blockchain - Bitcoin's underlying tech - could disrupt everything."

[Quartx]

Damn... For Goldman Sachs to post that tweet... It must have been a big hoohah to any one else who were sitting on the fence when it came to cryptos

[Yakamoto]

Damn... For Goldman Sachs to post that tweet... It must have been a big hoohah to any one else who were sitting on the fence when it came to cryptos

Well the thing is their tweet makes perfect sense, they aren't sensationalizing anything, just stating the facts. With a technology like the blockchain, there is no need for systems of transfer, and this eliminates all the people that have to be paid to receive and confirm or deny transactions.

[countryfree]

If BTC can disrupt Goldman Sachs, that's good. Just another reason to support BTC!
They're not scared yet, but I hope they will be in a few years.
BTC was invented to giver more financial power to the people, the banks will lose.

[poptok1]

If BTC can disrupt Goldman Sachs, that's good. Just another reason to support BTC!
They're not scared yet, but I hope they will be in a few years.
BTC was invented to giver more financial power to the people, the banks will lose.

I hope this prophecy of yours will prove itself.
Its about time to take back what's ours from the banksters.
Their greatest achievement was convincing the world that they are necessary
along with rise of BTC, this is no more.     
Good promotion from those old crooks, who would thought?

 

[Slowturtleinc]

Think you guys are misreading what he is saying,it means more profit for them and less overhead in administration fees.
So eliminate the middle man and the rich get richer. In another way of looking at it they are nibbling at the middle class well fattening their wallets. Endorsing it is fine but how they are perceiving it to be helpful is scary.

[hv_]

In the long term it will fully disrupt GS itself ...

[Lauda]

That depends actually. If they start using centralized 'blockchains', would one consider this incorruptible? I wouldn't. Bitcoin is the 'one' that could disrupt everything for their businesses, and this is why they're focusing on the blockchain right now.

They're not scared yet, but I hope they will be in a few years.

They've been scared for quite some time now and are 'actively' fighting Bitcoin, one way or another.

[dumbfbrankings]

Lel, GS pays fines the size of BTC's entire market cap... they're terrified alright.

The technology behind Bitcoin, i.e. not Blockstream's expensive settlement token.

BTCitcoin is "secured" by 4 giant chinese chicken coops, and has been intentionally hobbled by the Corporation that hijacked it... you think these guys are idiots? Corrupt, sure, but they're not idiots.

[Patatas]

This is the time you know they're frightened to face the Decentralized revolution.Goldman Sachs knows how weak their economical finances would be if most of the trades are backed by the blockchain. They're trying real hard to stop to revolution but only time will tell if they can hold on to their economical "scams" (white wash collar scams).

[Lauda]

The technology behind Bitcoin, i.e. not Blockstream's expensive settlement token.

Stop with the idiocy.

BTCitcoin is "secured" by 4 giant chinese chicken coops, and has been intentionally hobbled by the Corporation that hijacked it...

No.

This is the time you know they're frightened to face the Decentralized revolution.. Goldman Sachs knows how weak their economical finances would be if most of the trades are backed by the blockchain. They're trying real hard to stop to revolution but only time will tell if they can hold on to their economical "scams" (white wash collar scams).

The only people that fear decentralization are those who stand to lose a lot of power should they succeed. They are afraid of a 'successful' Bitcoin as it would mean the end for them. Initially, they were dismissing it, then fighting it (e.g. stating that Bitcoin is only for criminals and whatnot) and now they've shifted their focus to the blockchain. They aren't even sure what the exact definition of a blockchain is.

[makoto1337]

In the long term it will fully disrupt GS itself ...

Disrupt, not replace.

[KenR]

In the long term it will fully disrupt GS itself ...

Disrupt, not replace.

That's just a fancy way of putting it.In the end,it means the same.Why would they be bother about it if won't replace their current trends.GS is an exceptional player in the market,they can probably predict how blockchain  has the potential to take over the current system.They are taking precautions while destroying the opponents in its early phases.

[lanmao]

I am skeptical of this claim.

[guoyu78]

Goldman Sachs: "Blockchain - Bitcoin's underlying tech - could disrupt everything."

Wow sounds very good!!!!

We are famous!!! BTC Is at top

[Denker]

How about Bitcoin's Blockchain could disrupt everything?!!

[Bitcoinpro]

they are only realizing sht we knew 6 years ago

thats how crak addicts brains work 

[alyssa85]

Damn... For Goldman Sachs to post that tweet... It must have been a big hoohah to any one else who were sitting on the fence when it came to cryptos

Well the thing is their tweet makes perfect sense, they aren't sensationalizing anything, just stating the facts. With a technology like the blockchain, there is no need for systems of transfer, and this eliminates all the people that have to be paid to receive and confirm or deny transactions.

Yup. Suppose a central bank puts their fiat currency on the blockchain - there would be no need for retail banks at all, you'd deal directly with the central bank. Retail banks would have to increase the interest they offer to get people to continue to deposit with them (at the moment the trend is in the opposite direction with no interest paid and charges for operating the account). So yes, this is very disruptive, even if people don't use BTC but instead fiat-on-a-blockchain.

[Bitcoinpro]

Damn... For Goldman Sachs to post that tweet... It must have been a big hoohah to any one else who were sitting on the fence when it came to cryptos

Well the thing is their tweet makes perfect sense, they aren't sensationalizing anything, just stating the facts. With a technology like the blockchain, there is no need for systems of transfer, and this eliminates all the people that have to be paid to receive and confirm or deny transactions.

Yup. Suppose a central bank puts their fiat currency on the blockchain - there would be no need for retail banks at all, you'd deal directly with the central bank. Retail banks would have to increase the interest they offer to get people to continue to deposit with them (at the moment the trend is in the opposite direction with no interest paid and charges for operating the account). So yes, this is very disruptive, even if people don't use BTC but instead fiat-on-a-blockchain.

a central banks cash is fiat

are you expecting us too see their fiat notes stapled

onto a clothes line or something

[maku]

The crucial thought of this message is for me: "reduction in the billion of dollars in administrative cost". It could happen blockchain tech can save us a great amount of money.
But then again - do you think these money will be used for something else? I have a feeling it will wasted and stolen by people in charge.