Goldman Sachs: Bitcoin Isn't a Currency But Underlying Tech Holds Promise
A new Goldman Sachs report on digital currencies has found that while bitcoin is not a practical currency, its underlying ledger technology could hold promise. The top-of-mind report, entitled 'All About Bitcoin', appears to have been compiled recently and it is possible Goldman Sachs commissioned it following the highly publicised Mt. Gox collapse. The report outlines the basics, citing bitcoin's advantages and shortcomings, backed by statements from critics and supporters. The main difficulties facing bitcoin, according to Goldman's Dominic Wilson and Jose Ursua, include the notion that....
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