Seems like little more than a clever way for them to dump their massive holdings. The question I'd be asking is, why are they exiting Bitcoin? Maybe they see the writing on the wall?
Your thinking very short term here, the people that get involved with things like this (i.e. the winkelvii) aren't looking to exit a possible 100 billion or trillion usd venture for a mere 1000% ROI. bitcoin is the first p2p digital currency (that I know of) that has gained this much traction and attention capable of possibly disrupting the worlds financial industry and breaking the monopoly of the fed and other world banks. People like the winklevii don't lose, even when they lose they win, i.e. the facebook lawsuit.
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I truly believe that bitcoin should ingrain itself into the mainstream from the bottom up.
Imagine, billions of impoverished people around the world able to purchase goods and services with their phones or other portable e-wallet device.
We should take the Microsoft approach here and give away the tools for people to empower themselves and watch as we move from a $1 billion->$10 billion->$100 billion->$1 trillion market cap.
edit: anybody got a good Bill Gates book?
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Yes, The more info we have on blogs and on here for newbies and others alike will only benefit the entire community.
Thanks for your contributions.
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Coinbase is really good, I use them and have had no problems at all.
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There is a poll today on yahoo finance about this most of the choices as well as the votes are negative tho. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) link? found it
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Just a quick update guys! We checked all 12 miners in group buy 1, and they are showing as day 1 shipping.
So that is great news! Receiving all miners in one delivery saves us a lot of time setting up. Day 1 also means our miners will be part of the first miners that leave KNC
great news, thank you!
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This story is spreading, now on bloomberg tv headlines. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F77AK9ts.jpg&t=663&c=fMVTZxpqWv8W8g)
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Easy on that screenshot buddy! Can you maybe make it a bit larger? Its hard to see.
no choice, uploaded from my iphone
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This story is spreading, now on bloomberg tv headlines. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F77AK9ts.jpg&t=663&c=fMVTZxpqWv8W8g)
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This story is spreading, now on bloomberg tv headlines. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F77AK9ts.jpg&t=663&c=fMVTZxpqWv8W8g)
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are you guys going to be reporting back here?
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bitminter is pointing to some other pools api url
any info on this?
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does anyone know how long it will take the SEC to approve this and have them traded publicly? Is this done fast or does it take weeks/months?
go read up on the siriusxm fiasco, took them years to approve that effn merger. Did it take them years to approve because it was a fiasco, or vice versa it took them years to approve it because the sec and the doj are a joke.
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does anyone know how long it will take the SEC to approve this and have them traded publicly? Is this done fast or does it take weeks/months?
go read up on the siriusxm fiasco, took them years to approve that effn merger.
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Has hosting solutions been discussed yet?
Is it going to be here in Florida steamboat? if so are you going with Miami, or any of the Boca datacenters, i.e. host.net, verio etc.
If you go with verio or host.net can us locals get a tour of our units?
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I really want a large: 4+ inch round orange vinyl top quality bitcoin sticker suitable for my rear window on my car.
The last one I bought was cheap but is utter garbage and is already bubbling and falling off.
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If I'm reading the filing correctly, this is essentially an ETF with BTC as a base asset. So, if this gets approved and listed, everyone will be able to buy bitcoins in any amount through their favorite broker. Institutional investors into BTC, anyone?
Trust investors will be also able to convert this instrument into underlying BTC in 10K increments. Again, this gives a clean and easy access to BTC for institutional investors.
And for every additional 50K units the trust issues, it has to buy 10K BTC on the open market. Once this works, resulting demand for BTC will be absolutely unimaginable for anyone involved in BTC trading right now. 260 usd/btc bubble top? We haven't seen nothing yet, mark my words.
Agreed, this makes the trust a net buyer of bitcoin for as long as the trust is alive, $1000.00 here we come? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif)
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Now your 401k can invest in bitcoins, retirement funds, every wall street trader... this is opening floodgates.
It's still for the rich. You're going to need about a million to invest, give or take depending on where the price goes. On the first day of trading, each Share in the initial Baskets was comprised of [0.20] Bitcoins, and each initial Basket was made up of [10,000] Bitcoins. They're only selling them in "baskets" so the minimum purchase is 10,000 BTC. No you are mistaken. The basket is 10,000 shares = 2000 BTC but the purpose of the basket is merely to fund the IPO. This is a PUBLIC offering on NASDAQ. Once it goes public anyone with a brokerage account could buy any amount even a single share. Really this is no different than Gold trust for example. To issue new shares or redeem existing shares requires a basket of thousands of shares however you can right now login to your brokerage account and TRADE (not ISSUE or REDEEM) a single share if you want. The ability to issue or redeem baskets of shares allows the fund to remain balanced. For the record as far as I can tell this is just a preliminary filling, with numerous omissions, also I do not see anywhere where it states the exchange and definitely does not state nasdaq as the exchange.
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