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> I would take any article like this with a grain of salt. There is not a lot of useful or technical information here, and I believe it is more designed as clic

> I would take any article like this with a grain of salt. There is not a lot of useful or technical information here, and I believe it is more designed as click bait and FUD to create shock value and hurt the public sentiment about Blockchain technology and investing in crypto currencies. There's a wave of this sentiment lately— which is funny timing. Goldman Sachs apparently will have an operational cryptocurrency trading desk by the end of June.[0] The TSX is slated to have a cryptocurrency brokerage desk with backing of the Bank of Montreal over the coming months sometime as well.[1] This came out days after BMO blocked all cryptocurrency purchases with consumer credit and debit cards.[2] The more cynical side of me wants to guess that they're trying to establish a gatekeeping initiative. Knock everybody about, then when they want back in they have to come through you. [0] https://www.bloomberg.com/news/articles/2017-12-21/goldman-is-said-to-be-building-a-cryptocurrency-trading-desk https://www.bloomberg.com/news/articles/2017-12-21/goldman-i... [1] https://www.newswire.ca/news-releases/tmxs-shorcan-announces-cryptocurrency-initiatives-677670313.html https://www.newswire.ca/news-releases/tmxs-shorcan-announces... [2] http://business.financialpost.com/pmn/business-pmn/bmo-stops-allowing-credit-and-debit-cards-for-cryptocurrency-purchases http://business.financialpost.com/pmn/business-pmn/bmo-stops...

craigc 9y ago
That’s a pretty interesting perspective. I have definitely been thinking for a while that they are trying to drive the general public out so that they can accumulate more for cheaper, but I never considered the idea that they want you to use THEIR tools. It actually makes a lot of sense cause the SEC has also been going pretty hard lately to try to shut down trading of tokens that had ICOs and to make life difficult for current exchanges. I have always believed that Wall Street does not like the fact that the regular public got first stab at crypto currencies, and they didn’t. This could be their way to try to rectify that.

craigc 9y ago

That’s a pretty interesting perspective. I have definitely been thinking for a while that they are trying to drive the general public out so that they can accumulate more for cheaper, but I never considered the idea that they want you to use THEIR tools. It actually makes a lot of sense cause the SEC has also been going pretty hard lately to try to shut down trading of tokens that had ICOs and to make life difficult for current exchanges. I have always believed that Wall Street does not like the fact that the regular public got first stab at crypto currencies, and they didn’t. This could be their way to try to rectify that.