as mylon said. the winkle ponzi has nothing to do with investors getting into bitcoin. it is simply about buying shares of a winkle company that is supposedly valued at an X amount of bitcoins.
the winkles are just using the bitcoin 'fame' to make personal profit for themselves. investors buying into the winkle EFT will not help the bitcoin market cap compared to buying bitcoins direct.
it is better to promote people to buy bitcoins direct, that way they wont be manipulated by the winkles false accounting of their business value
Topic: URGENT- sign the bitcoin petition at the White House's We the People website (Read 720 times)
December 05, 2013, 04:38:24 AM
December 05, 2013, 02:10:22 AM
No you do not want that. This would allow the Winklevoss to execute a pyramid or ponzy scheme on top of bitcoin.
You will not be able to buy anything with bitcoin stocks, thus they are useless to the bitcoin economy.
All you would do is speculate on the bitcoin price... while investing in something that is not bitcoin.
I can think of million reason why not to want this, and not a single reason I do want this. My biggest expectation is that this will be bad news for bitcoin... if the ipo would ever be worth more than the bitcoin... this became a bubble... and the only people who would gain anything is the Winklevoss brothers.
You will not be able to buy anything with bitcoin stocks, thus they are useless to the bitcoin economy.
All you would do is speculate on the bitcoin price... while investing in something that is not bitcoin.
I can think of million reason why not to want this, and not a single reason I do want this. My biggest expectation is that this will be bad news for bitcoin... if the ipo would ever be worth more than the bitcoin... this became a bubble... and the only people who would gain anything is the Winklevoss brothers.
December 05, 2013, 02:08:58 AM
like, so not punk 
December 05, 2013, 01:34:59 AM
Please sign the bitcoin petition on the White House's We the People website.
You can sign at the petition at http://wh.gov/lkF6o
"WE PETITION THE OBAMA ADMINISTRATION TO:
We petition the Obama administration to expedite SEC clearance for the IPO for the Winklevoss Bitcoin Trust.
The Winklevoss twins (of Facebook fame) are trying to start an ETF that would allow ordinary Americans to invest in bitcoins, as easily as investing in stocks. However, their attempt to do so is bogged down in regulatory inertia. On July 1, 2013, the Winklevoss Bitcoin Trust submitted a S-1 to the Securities Exchange Commission for an IPO. Months later, the SEC has still not given the go-ahead. The Obama Administration should direct the SEC to greatly expedite its processing of IPO requests by bitcoin ETF's, such as the Winklevoss'. The delay by the SEC is inexcusable. In a world in which innovation occurs at lightning speed, the SEC needs to move quickly. Their failure to do so creates a risk that the U.S. will fall behind."
Reason this is IMPORTANT: An ETF is a very fast way to bring bitcoin to the mainstream. And it will cause the price of bitcoin to skyrocket! If you own bitcoin, then you want the Winklevoss ETF to launch as soon as possible - so sign the petition and get everyone you know to sign.
Also, spread the word (by twitter, facebook, google, other parts of Bitcoin Forum, etc). We need as many people as possible to sign.
You can sign at the petition at http://wh.gov/lkF6o
"WE PETITION THE OBAMA ADMINISTRATION TO:
We petition the Obama administration to expedite SEC clearance for the IPO for the Winklevoss Bitcoin Trust.
The Winklevoss twins (of Facebook fame) are trying to start an ETF that would allow ordinary Americans to invest in bitcoins, as easily as investing in stocks. However, their attempt to do so is bogged down in regulatory inertia. On July 1, 2013, the Winklevoss Bitcoin Trust submitted a S-1 to the Securities Exchange Commission for an IPO. Months later, the SEC has still not given the go-ahead. The Obama Administration should direct the SEC to greatly expedite its processing of IPO requests by bitcoin ETF's, such as the Winklevoss'. The delay by the SEC is inexcusable. In a world in which innovation occurs at lightning speed, the SEC needs to move quickly. Their failure to do so creates a risk that the U.S. will fall behind."
Reason this is IMPORTANT: An ETF is a very fast way to bring bitcoin to the mainstream. And it will cause the price of bitcoin to skyrocket! If you own bitcoin, then you want the Winklevoss ETF to launch as soon as possible - so sign the petition and get everyone you know to sign.
Also, spread the word (by twitter, facebook, google, other parts of Bitcoin Forum, etc). We need as many people as possible to sign.
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