Quote from: Burninj on February 01, 2014, 04:15:26 AM

You don't really understand how goldman sachs works do you?

Exactly what about what I said shows a misunderstanding? They are already involved (not in Ethereum but in Bitcoin). If you have a truly free market then the banks are people you are competing with as well. But what's funny is that people are under the impression that bankers are not going to play. If Goldman Sachs was directly involved they would be bankrolling the project or at the very least owning a large stake in the company.

You have people saying that either:

A) " ...but if they can't get money from a bank or venture capitalist, and need to beg to Bitcoin community to fund their project."

and

B) The bankers are the owners of Ethereum!

Which one is it? It's a bunch of noise.

http://finance.fortune.cnn.com/2013/12/27/michele-burns-circle/

Quote

M. Michele Burns, a finance industry veteran who sits on the board of Goldman Sachs is joining the board of Circle Internet Financial, a Boston start-up that is building a payment processing system for Bitcoin.

http://www.reuters.com/article/2012/04/01/traders-bitcoin-idUSL6E8ET5K620120401

Quote

He is not alone. Workers at Morgan Stanley and Goldman Sachs in London and New York have been visiting online Bitcoin exchanges as often as 30 times a day, according to documents seen by Reuters. Neither bank wanted to comment.

Employees at almost all the major international banks and numerous trading and investment firms have shown interest.

I'm not going to sit here all day looking up sources and quotes but thinking they don't already have stake in the game is a bit naive. Wasn't it JP Morgan that filed a patent for basically their own bank version of bitcoin? If you have money to invest, there is way more money to be made piggy backing off of Bitcoin right now. ATM companies, exchanges, any bitcoin related service really is a completely new market. Once BTC becomes regulated a bit in the US and banks have a legal leg to stand on that protects them, they are going to be in it to win it.

revjp

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