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Goldman Sachs

Goldman Sachs is one of the largest investment banks and financial services businesses in the world.

Goldman Sachs people

Cryptocurrency reviews from the executives, employees and alumni of Goldman Sachs

photo of cryptocurrency expert Brendan Bernstein
Brendan Bernstein

Founding Partner of Tetras Capital

photo of cryptocurrency expert Jill Carlson
Jill Carlson

Cryptocurrency Consultant at Juno LLC

photo of cryptocurrency expert Fred Ehrsam
Fred Ehrsam

Board of Directors at Coinbase, Previous Co-Founder of Coinbase

photo of cryptocurrency expert Joseph Lubin
Joseph Lubin

Founder of ConsenSys

photo of cryptocurrency expert Murad Mahmudov
Murad Mahmudov

Analyst at Goldman Sachs

photo of cryptocurrency expert Mike Novogratz
Mike Novogratz

CEO of Galaxy Investment Partners

Reviews by Goldman Sachs people

🔑 14 positive | 💩 12 negative

🔑

Full disclosure: I am a day one investor in Ripple Labs. I have said many times that you need to diversify bets in the crypto space. I just think we need to look at things correctly.

2017-12-29 | Full Review

🔑

None of them [blockchains] are fast enough for industrial strength. We have one that just started called EOS, and that will be one of the first fast blockchains. One of the reasons why I think EOS has a shot is because it has a $5 billion-$6 billion war chest.

2018-06-06 | Full Review

💩

If the moat of Ethereum (ETH) is this easy to break by EOS, won’t EOS’s be as well? Just a month ago, people thought ETH would be worth 15x BTC.

Smart contract platforms' battle will be fun to watch, but in the end, they’ll all commoditize each other. This is a prisoners dilemma in action.

2018-04-25 | Full Review

💩

If you are buying Dentacoin, you are part of the problem.

2018-01-08 | Full Review

💩

The biggest question is if the entire market needs to be shaken out and if everything craters along with them.

Institutional investors entering are a big part as well. I have a feeling they won't be investing in DeepBrain Chain and Dentacoin.

2018-05-11 | Full Review

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Why will Bitcoin accrue value in a way that Ethereum won’t?

Because in addition to being a protocol, it is a product.

2018-08-13 | Full Review

💩

The chances of Decred outcompeting Bitcoin are close to zero.

Mob rule/the rule of the rich is not ideal for neo-gold.

2018-08-11 | Full Review

💩

Only four applications have more than 500 daily active users. Ethereum's supposed use case of "decentralized applications" is clearly not where the usage is coming from — and yet blocks are still nearly full.

2018-05-30 | Full Review

💩

Speed is mostly irrelevant for SoV.

It's all about security + disinflation + proven unchangeability . . . BTC beats Nano by an enormous margin.

Holding Nano as a bet it can become a "SoV" when BTC exists is irrational, dangerous, risky.

2018-08-15 | Full Review

💩

We're on the precipice of some major applications launching: Augur, Golem, MANA, CryptoKitties with $12m of funding, etc.

Without Plasma and Sharding, I expect fees to go through the roof on ETH. And if fees are too high from low value "spam," real usage will be crowded out.

2018-05-30 | Full Review

💩

Heard a lot of claims that Augur will bring obscure bets online or obsolete bookies but many don’t realize that (1) most sport books have “obscure bets” if there’s demand and (2) bookies don’t hang in back alley ways anymore...

2018-08-31 | Full Review

💩

Dash sucks, premined, shit privacy. ZEC/XMR far better.

2018-07-20 | Full Review

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I’m a big fan of 0x and decentralized exchange.

I’m also a big fan of enabling unique new things using this technology.

I’m not a big fan of pretending old school financial engineering is one of those unique new things.

2018-10-12 | Full Review

🔑

Like Bitcoin before them, the assets that have met a real economic need have done so by enabling a form of ownership or transaction that was not previously possible. Zcash and Monero, which both implement privacy as a feature of transactions, are good examples of this.

2017-12-05 | Full Review

🔑

Numerai is one of the first examples I have seen where the clear endgame is a product for AIs.

Fred Ehrsam, Board of Directors at Coinbase, Previous Co-Founder of Coinbase

2016-12-14 | Full Review

💩

Full nodes on the Bitcoin blockchain store every transaction made going back to the zero block; full nodes on the Ethereum blockchain additionally store the static code (if any) associated with a given account and that code’s current state in storage.

2016-01-06 | Full Review

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Bitcoin exists not only on the technological layer but even more importantly, on the social layer. It is open-source software. If there is truly a technological breakthrough, it can simply be added to bitcoin.

2018-12-25 | Full Review

💩

Ethereum is between a rock and a hard place.

It isn’t as good at being SoV / Sound Money as BTC, and it is likely not going to be as smooth / cheap / frictionless at being a DApp platform as more centralized platforms like EOS.

2018-06-21 | Full Review

💩

BTC has a clear pathway to becoming an actual money. The way value accrues to VET is totally unknown.

2018-11-19 | Full Review

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Ethereum was the first thing to me to come along [after Bitcoin] and create something with capabilities so new that it was worth adding [to Coinbase]. Allowing arbitrary programs is amazing, fiddling with block time/inflation rate is not.

[T]he future is thousands/millions of cryptoassets like we have millions of apps and websites but very few base networks. This mostly looks like assets being built on top of Ethereum at the moment.

Fred Ehrsam, Board of Directors at Coinbase, Previous Co-Founder of Coinbase

2016-07-22 | Full Review

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[B]itcoin as a payment system is just one of the potential applications of the network. To cap Bitcoin’s value here would be like saying that the Internet, in the early days, was only as valuable as its ability to send email in a more efficient way than fax or snail mail. Bitcoin is valuable as a currency because of the economic efficiencies the Bitcoin network is already creating as transactions flow over it. As with the Internet, more applications will flourish which will make the Bitcoin network, and thus Bitcoin as a currency, valuable.

Fred Ehrsam, Board of Directors at Coinbase, Previous Co-Founder of Coinbase

2014-01-02 | Full Review

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The Internet enables decentralized distribution of data. Bitcoin enables decentralized proof and transfer of ownership.

Fred Ehrsam, Board of Directors at Coinbase, Previous Co-Founder of Coinbase

2014-01-02 | Full Review