The money quote:
"The Bitcoin network is decentralized. Million computers are running the network," Reiner says, adding that to appreciate Bitcoin, you'd have to understand that there are no privileged users."Everyone is the same."
This is the allure that will make bitcoin successful in the end.
Topic: 2013-07-03 CBS News - Winklevoss trust will test Bitcoin security concerns (Read 883 times)
July 04, 2013, 07:47:48 AM
July 03, 2013, 06:45:26 PM
http://www.cbsnews.com/8301-205_162-57592240/winklevoss-trust-will-test-bitcoin-security-concerns/
More discussion about the Winklevoss ETF, and then some educational discussion about Bitcoin... based on an interview with me!
More discussion about the Winklevoss ETF, and then some educational discussion about Bitcoin... based on an interview with me!
Well done!
Regarding security. People need to keep perspective. Security for cash and gold has been an age-old concern, not a new concern with Bitcoin. $11 million placed anywhere, even in a fund or a bank, has risks. MF Global and Laiki Bank customers thought their millions were safe, but the money simply vanished.
July 03, 2013, 06:36:34 PM
Please recap with a highlighted outline.
July 03, 2013, 06:34:32 PM
http://www.cbsnews.com/8301-205_162-57592240/winklevoss-trust-will-test-bitcoin-security-concerns/
More discussion about the Winklevoss ETF, and then some educational discussion about Bitcoin... based on an interview with me!
More discussion about the Winklevoss ETF, and then some educational discussion about Bitcoin... based on an interview with me!
Quote
Will an investment trust push Bitcoin into the mainstream? Or will security fears leave growth of the "cryptocurrency" stagnant?
Bitcoin is a currency that exists in a digital form and is bought and sold using software operating over peer-to-peer networks. But it's also a technology platform that is built with an open-source code that has essentially de-centralized transactions.
Cameron and Tyler Winklevoss on Monday filed a proposal with the U.S. Securities and Exchange Commission to create a Bitcoin trust that will allow investors to purchase shares on a secondary exchange that is a variation on an exchange-traded fund (ETF), Bloomberg reports.
According to the New York Times, the Winklevoss brothers claim to own $11 million worth of Bitcoin as of April 11 -- making them the largest-known single shareholders of the currency.
Bitcoin is a currency that exists in a digital form and is bought and sold using software operating over peer-to-peer networks. But it's also a technology platform that is built with an open-source code that has essentially de-centralized transactions.
Cameron and Tyler Winklevoss on Monday filed a proposal with the U.S. Securities and Exchange Commission to create a Bitcoin trust that will allow investors to purchase shares on a secondary exchange that is a variation on an exchange-traded fund (ETF), Bloomberg reports.
According to the New York Times, the Winklevoss brothers claim to own $11 million worth of Bitcoin as of April 11 -- making them the largest-known single shareholders of the currency.
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