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If they hold the Bitcoin themselves, they have to deal with securely holding the keys, compliance, and insurance. If someone else holds them, then this third pa
by colatkinson 8y ago
If they hold the Bitcoin themselves, they have to deal with securely holding the keys, compliance, and insurance. If someone else holds them, then this third party has all of these issues while GS will still get some kind of insurance payout if there is a catastrophic loss.
Similarly, I doubt that GS commodity traders have warehouses full of gold/silver/oil.
- tripletao 8y agohttps://www.reuters.com/article/us-lme-warehousing-idUSTRE76R3YZ20110729 https://www.reuters.com/article/us-lme-warehousing-idUSTRE76... It's pretty common for commodity traders to buy commodity warehouse operators.