http://www.cbsnews.com/8301-205_162-57592240/winklevoss-trust-will-test-bitcoin-security-concerns/More discussion about the Winklevoss ETF, and then some educational discussion about Bitcoin... based on an interview with me!
Will an investment trust push Bitcoin into the mainstream? Or will security fears leave growth of the "cryptocurrency" stagnant?
Bitcoin is a currency that exists in a digital form and is bought and sold using software operating over peer-to-peer networks. But it's also a technology platform that is built with an open-source code that has essentially de-centralized transactions.
Cameron and Tyler Winklevoss on Monday filed a proposal with the U.S. Securities and Exchange Commission to create a Bitcoin trust that will allow investors to purchase shares on a secondary exchange that is a variation on an exchange-traded fund (ETF), Bloomberg reports.
According to the New York Times, the Winklevoss brothers claim to own $11 million worth of Bitcoin as of April 11 -- making them the largest-known single shareholders of the currency.
