Of Course The Winklevii Own 1% Of All The Bitcoins

04.12.13 5 years ago 6 Comments

You might know the Winklevoss twins as two bros who claim to have, like, totally been ripped off by Mark Zuckerberg for Facebook. Or those two guys the former president of Harvard referred to as “pompous as$holes.” Once Zucks gave them their shut-up-and-go-away money, they became venture capitalists and disappeared back into the massive herd of business bros Harvard adds to every year. At least that’s what we’d hoped. But like a bad penny or a reality TV stars, they’re back, this time riding another fad.

Apparently the Winklevii own one of the largest amounts of Bitcoin on the planet, and, well, we’ll let them speak for themselves:

“People say it’s a Ponzi scheme, it’s a bubble,” said Cameron Winklevoss. “People really don’t want to take it seriously. At some point that narrative will shift to ‘virtual currencies are here to stay.’ We’re in the early days.”

“We have elected to put our money and faith in a mathematical framework that is free of politics and human error,” Tyler Winklevoss said.

Yeah, because it’s mathematics driving Bitcoin to swing wildly in value. Its pricing is completely rational, all the time!

As annoying as it is to agree with these guys, they’re not entirely wrong. A semi-anonymous digital currency is likely going to come into existence as there’s going to be a demand for it. Whether or not that’s Bitcoin or some other project remains to be seen.

Of course, one thing they probably didn’t count on was the fact that having your currency tied up in a government means that you don’t have to deal with Internet trolls crashing your exchange, but hey, their dad will totally bail them out if it goes south, right?

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