Winklevoss twins: Bitcoin will be bigger than Facebook #bitcoin #facebook

ShakyhandsBTCer

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It's Money 2.0| It’s gold for nerds | It's Bitcoin

Quote from: Lauda on June 16, 2014, 01:57:07 AM

Quote from: bryant.coleman on May 24, 2014, 01:20:54 AM

Quote from: makebitcoin on May 23, 2014, 02:10:43 PM

We need to have Bitcoin simplified for people who are not tech savvy.

People who are not tech savvy would be better off not using Bitcoins. Already robberies and hacks are targeting even the most tech savvy of the users. If the less tech savvy decides to use Bitcoin, then it will be just a matter of time before they are conned.

This shouldn't stop Bitcoin. It's about time that the average user learns more about security. Hacks are damaging the business though (a lot of $ a year for the US alone).

What should happen is that people should develop apps that make security automatic and behind the scenes.

coffee999

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It may not be Bitcoin, but one of the crypto's will take over, Milton Friedman said, twenty years ago, that the future of money was internet money.

jabo38

legendary

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mining is so 2012-2013

These guys have a history of "almost winning" every time. They almost won with the Olympics and almost won with Facebook. I mean sure, they got a lot of money from Facebook and they can say they are Olympians, but it makes me a little nervous how close they call it.

Lauda

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Terminated.

Quote from: bryant.coleman on May 24, 2014, 01:20:54 AM

Quote from: makebitcoin on May 23, 2014, 02:10:43 PM

We need to have Bitcoin simplified for people who are not tech savvy.

People who are not tech savvy would be better off not using Bitcoins. Already robberies and hacks are targeting even the most tech savvy of the users. If the less tech savvy decides to use Bitcoin, then it will be just a matter of time before they are conned.

This shouldn't stop Bitcoin. It's about time that the average user learns more about security. Hacks are damaging the business though (a lot of $ a year for the US alone).

JypsiCreme

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TCP/IP is bigger than Facebook, but let's not compare apples with oranges.

ShakyhandsBTCer

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It's Money 2.0| It’s gold for nerds | It's Bitcoin

Quote from: QuestionAuthority on June 15, 2014, 03:39:39 PM

God I hate reading anything those two fraternity elitist scumbags have to say. I hate those two silver spoons so much I almost want Bitcoin to fail just so they lose money.

It is not their fault that their parents were rich.

What they did with Facebook was questionable but so is what Zuckerburg did

QuestionAuthority

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You lead and I'll watch you walk away.

God I hate reading anything those two fraternity elitist scumbags have to say. I hate those two silver spoons so much I almost want Bitcoin to fail just so they lose money.

ShakyhandsBTCer

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Activity: 448

Merit: 250

It's Money 2.0| It’s gold for nerds | It's Bitcoin

Quote from: Cryptogirl82 on June 14, 2014, 01:16:54 PM

I wonder how many btc each winkelvoss has?

If I remember correctly I think I saw an article that said they were investing millions of dollars in bitcoin

TheTruth4

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Journalists will ask them how their excitement compares to that about Facebook and they answer, and the Gaurdian gets its quote and 90% comments on how these two things technically can't be compared.

TheTruth4

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The reason it's being discussed is because they ostensibly co-founded Facebook (which is how they got so rich after a settlement.)

bitcerto

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I give it 5 years or less before Bitcoin is everywhere and the average Joe has a wallet with some coins. Once people start to realize it gives them direct control over their money, they'll be hooked. Especially people who regularly send money around.

I don't know if Bitcoin will be big for offline retail use, but people will start to see the perks of having digital money for digital transactions.

Cryptogirl82

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I wonder how many btc each winkelvoss has?

solid12345

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Quote from: beetcoin on May 22, 2014, 10:16:10 PM

well, it's not just the $65, it's also the credit that they want.. and $65 million is not much considering what facebook is currently worth ($67.4 billion). that's less than .1% the value of facebook. if they had a 20% stake and kept their shares, they'd easily be billionaires by now.

This is what alot of people don't get about Bitcoin. They think, "oooh $5 billion, that's alot! it can't go any higher!" Bull. 5 billion is POCKET CHANGE in the global economy. I think the main issue with Bitcoin right now is so many people in it are young people with no real concept of money or macro economics, that is why you see so many promising alts collapse because kids dump thinking 10 cents a coin is alot of money. The United States itself is 17 TRILLION in debt. If Bitcoin's market cap ever reached 1 trillion which is the GDP of a small 2nd world nation, it would be almost $90k a Bitcoin. If Bitcoin takes off as a global currency and store of value, this is easily obtainable.

ShakyhandsBTCer

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Activity: 448

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It's Money 2.0| It’s gold for nerds | It's Bitcoin

Quote from: bryant.coleman on May 24, 2014, 01:20:54 AM

Quote from: makebitcoin on May 23, 2014, 02:10:43 PM

We need to have Bitcoin simplified for people who are not tech savvy.

People who are not tech savvy would be better off not using Bitcoins. Already robberies and hacks are targeting even the most tech savvy of the users. If the less tech savvy decides to use Bitcoin, then it will be just a matter of time before they are conned.

In order for Bitcoin to be successful in the long run it must be adapted by people who are not tech savvy.

What needs to happen is apps/wallets/programs needs to be developed for people who are not tech savvy to use for bitcoin. One example of this may be Circle (at least that is what they wish you to think).

wachtwoord

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Aww the twins are still doing a pissing contest with Zuckerberg?

TheTruth4

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Who would buy a non-portable version of the most overpriced bitcoins ever purchased (until this week), from two Ivy league guys who will no doubt f*ck it up somehow, then sue you, shouting "don't you know who our father is?"

TheTruth4

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That's why every site, exchange, or anything that smells even slightly of a traditional financial institution either goes bankrupt, steals your bitcoin, or manages to make something cool uncool.

Why would anybody but an idiot buy a piece of paper for a share of some bitcoins on a flash drive in a safe in the Winkelvoss mansion, when they can buy bitcoins? The best things about bitcoin are its portability, and its anonymous ownership.

TheTruth4

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Exchange Traded Funds (ETFs) are an easy way to invest in something that is usually complicated to buy eg a uranium mining ETF.
Bitcoin is designed to be traded on the street. If you have a bitcoin wallet,you own a bank and a western union office,with tiny fees and zero red tape. Brokers, bankers, federal commisions, tax, commision charges, fund managers, and anyone who tries to stop you from doing what the hell you want with your money, when you want, with anyone you choose anywhere on the planet, can go f*ck themselves.

Silly Money

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It definitly has the potential to become larger than facebook, but I'm not so sure if it will. I do hope so though.

TheTruth4

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The Winklevoss twins annoy me. I find twins creepy, but especially privileged harvard-types with a grandiose sense of entitlement. I love it when they don't think things through properly and keep making expensive balls-ups.

The bitcoin price spike in April was caused by some twins trying to buy too many bitcoins in a three day period for their exchange traded fund of bitcoins. I won't name the twins, but they have tall foreheads and demand to see the Dean.

Topic: Winklevoss twins: Bitcoin will be bigger than Facebook #bitcoin #facebook (Read 4119 times)