[ironcan]

> “You’ve seen a bifurcation internally at many larger houses where senior managers are very skeptical about crypto, while graduates and younger team members are very positive,” said Grimsley. “The youngsters may have less intellectual baggage and may be more open-minded, but they also have less responsibility for managing risk and working out the practicalities of bolting on crypto to the existing business.”

It's a very telling quote and you are left wondering to which extend bitcoin suffers from youthful exuberance instead of the sometimes boring pragmatism of making it profitable.

[DrNuke]

The universal single currency for a truly global and peaceful world is an intriguing prospect for many but we are so far politically it can’t enter the mainstream just now. It’s almost there technologically, though, so in the long run, maybe.

[exelius]

My hypothesis is that Goldman et al were only interested in crypto as a market-making opportunity. Crypto price manipulation fits right in with their commodity trading strategy (buy up most of the global supply and sit on it).