It's because they want to dump their 200k BTC on the unsuspecting public.
Right. They bought a large number of Bitcoins. Now they want to unload them. But how? Mt. Gox isn't paying out USD to traders who sell, and nobody with $20 million would trust it to Mt. Gox. Tradehill probably doesn't have the volume to sell that many without crashing the market. By creating an exchange-traded fund, and funding the initial offering with their Bitcoins, they have a vehicle for dumping 200k BTC. 
Topic: The Winkle Twins - page 3. (Read 4235 times)
they have publicly stated that regulation would be good for bitcoin
now its announced theyre aiming to create a bitcoin derivative for wall st, the bitcoin etf
we arent hearing anything from them on how to develop the bitcoin economy, improve merchant takeup, kickstart the thousands of new and drawingboard bitcoin businesses out there, or how to get african people and so forth into the scene ...
so im guessing their only concern is their own investment bottom line, which is fine and understandable, but ...
also confirms 95% of this community is being left behind, its every man/woman for him/herself !!
now its announced theyre aiming to create a bitcoin derivative for wall st, the bitcoin etf
we arent hearing anything from them on how to develop the bitcoin economy, improve merchant takeup, kickstart the thousands of new and drawingboard bitcoin businesses out there, or how to get african people and so forth into the scene ...
so im guessing their only concern is their own investment bottom line, which is fine and understandable, but ...
also confirms 95% of this community is being left behind, its every man/woman for him/herself !!
One of my suspicions is that they want to be the head of a new and centralized Bitcoin that they hope to create. Their role in driving the legitimization (through regulation) of the currency in some hope of making it accessible to the masses might just be a front for putting it under their ultimate control. That's just one theory I've had...
It's because they want to dump their 200k BTC on the unsuspecting public.
The Twinkle Wins 
Tldr: they want to be the bank of bitcoin
/tinfoil mode
They have a kind of credibility for being elite and rich and are used by the world banks as a test drive into bitcoin. Then somehow they fuck shit up and they will be the news icon for how bitcoin is not worth it so the sheeples are scared back into their wonderful grass planes of fiat.
OR
They are so mad at all their people for making fun of their broken fb project and go for bitcoin as the last refuge.
They have a kind of credibility for being elite and rich and are used by the world banks as a test drive into bitcoin. Then somehow they fuck shit up and they will be the news icon for how bitcoin is not worth it so the sheeples are scared back into their wonderful grass planes of fiat.
OR
They are so mad at all their people for making fun of their broken fb project and go for bitcoin as the last refuge.
People don't like thm because of that movie. They fail to realize it was nt a documentary; it was a MOVIE.
The winkleface twins are taking a huge risk with this bitcoin ETF, but if it succeeds it could make them a lot of money and be HUGE for bitcoin. This could easily be the best thing to happen to bitcoin in 2013.
The winkleface twins are taking a huge risk with this bitcoin ETF, but if it succeeds it could make them a lot of money and be HUGE for bitcoin. This could easily be the best thing to happen to bitcoin in 2013.
Yeah based on a true story. I do think they portray themselves as a bit desperate though and that they have put all their eggs in one basket.
People don't like thm because of that movie. They fail to realize it was nt a documentary; it was a MOVIE.
The winkleface twins are taking a huge risk with this bitcoin ETF, but if it succeeds it could make them a lot of money and be HUGE for bitcoin. This could easily be the best thing to happen to bitcoin in 2013.
The winkleface twins are taking a huge risk with this bitcoin ETF, but if it succeeds it could make them a lot of money and be HUGE for bitcoin. This could easily be the best thing to happen to bitcoin in 2013.
Ether way, its another outlet for Bitcoin into the mainstream, which is good.
Because when they lost their idea they went out and found a bigger and better one. Time will tell.
Because clinging to Bitcoin is the only way for them to get in front of a camera or do an interview to feel important, because nobody else gives a fuck about them
What do you guys think of them? What's their angle? It's my opinion that they're not the simple Bitcoin evangelist/enthusiasts that they portray themselves to be. What I do know is that they're interested in a regulated Bitcoin, and especially after their recent SEC filing, I've been running through a number of theories as to what their ultimate goal might be in all of this. I'm interested to see what you guys think.
If you read the articles they state they will charge an undisclosed fee for their new instrument.
I think they want to make money.
/thread
They just invest about $20,000,000 in BTC I believe. I hope they can make progress with this as it would surely make the price of BitCoin rise. On the other hand, if it goes that far, then banks and government gets involved... hmmm, I dont know
What do you guys think of them? What's their angle? It's my opinion that they're not the simple Bitcoin evangelist/enthusiasts that they portray themselves to be. What I do know is that they're interested in a regulated Bitcoin, and especially after their recent SEC filing, I've been running through a number of theories as to what their ultimate goal might be in all of this. I'm interested to see what you guys think.
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