2013-07-02 Bitcoin sells out

[patricktim]

http://www.guardian.co.uk/commentisfree/2013/jul/03/bitcoin-sells-out-winklevoss-twins

'Those who invested in Bitcoin early are now protecting their investment by ensuring that Bitcoin becomes "too big to fail".' Photograph: Luismmolina/Getty Images

If you drew a Venn diagram of anarchists, strippers, and identical twins, one of the few points of intersection would be the digital currency Bitcoin. Famous for not being the face of Facebook, the Winklevoss twins appear to be intent on divesting the currency from its countercultural past and transforming it into a new asset class for investors. This week the Winklevii, as the twins are collectively known, filed proposals with US regulators for a fund that would bring "Bitcoin to Main Street" by making speculation in the currency easier.

[1715677630]

1715677630

[1715677630]

1715677630

[1715677630]

1715677630

[vokain]

The news really does tell people what they want to here, don't they Wow, I just realized how true it was, when the bubble rose, and now at this point. We really love the need to self-validate ourselves by being "right". Time will tell.

[xDan]

Oh dear.

It seems obvious that this is simply currency working like it should. There's no built in communism, existing wealthy people will be able to acquire more currency than other non wealthy people.

> "Once seen as a force for good"

Oh god I hate (mainstream) journalists. Drama much?

> "it now looks as if the revolution has been monetised."

Money... being monetised!? The horror!

...

The key features of bitcoin remain and Bitcoin's future is brighter than ever!