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

[Phinnaeus Gage]

I guess they're still bitter about Mark Zuckerberg stealing the idea for Facebook from them 

Why be bitter? They won a lawsuit worth 65 million...This Bitcoin Venture may be just what they need to carve their own path...Sometimes we have to stay in our own lane...let Mark Zuckerberg do what he do!

Why do you keep forget where KnC's mega-pharm is located?

[ijmolder93]

I guess they're still bitter about Mark Zuckerberg stealing the idea for Facebook from them 

Why be bitter? They won a lawsuit worth 65 million...This Bitcoin Venture may be just what they need to carve their own path...Sometimes we have to stay in our own lane...let Mark Zuckerberg do what he do!

I mean I also feel, why be bitter, but they probably are because it is now worth billions.

[beetcoin]

I guess they're still bitter about Mark Zuckerberg stealing the idea for Facebook from them  

Why be bitter? They won a lawsuit worth 65 million...This Bitcoin Venture may be just what they need to carve their own path...Sometimes we have to stay in our own lane...let Mark Zuckerberg do what he do!

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.

[makebitcoin]

It would be awesome for Bitcoin to be bigger then Facebook. But FB is so big, all my friends use Facebook and none of them uses Bitcoin. We need to have Bitcoin simplified for people who are not tech savvy.

[ijmolder93]

It would be awesome for Bitcoin to be bigger then Facebook. But FB is so big, all my friends use Facebook and none of them uses Bitcoin. We need to have Bitcoin simplified for people who are not tech savvy.

Thats because for most people its, "why would I pay my money, for digital money?", and facebook is free to use. You're just paying with your soul.

[micky123]

It would be awesome for Bitcoin to be bigger then Facebook. But FB is so big, all my friends use Facebook and none of them uses Bitcoin. We need to have Bitcoin simplified for people who are not tech savvy.

Thats because for most people its, "why would I pay my money, for digital money?", and facebook is free to use. You're just paying with your soul.

Lol . Paying with your soul is soooooo true!

[greenlion]

There are few people with "decent amount of coins" compared to general population, so everyone with decent amount of coins CAN get rich.

While I would love for this to happen, the likely-hood that 1 bitcoin would reach something like $10,000 seems way too high. I know you can buy them in bits, but who would buy 1 bitcoin for $10,000?

The psychology of direct retail purchase isn't too relevant to the long term success, it's the utility of the use cases.

[bryant.coleman]

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.

[johnatan32]

True, my thought it was going to develop into a large change in the financial world

[TheTruth4]

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.

[Silly Money]

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]

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.

[TheTruth4]

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]

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?"

[wachtwoord]

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

[ShakyhandsBTCer]

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).

[solid12345]

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.

[Cryptogirl82]

I wonder how many btc each winkelvoss has?

[bitcerto]

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.

[TheTruth4]

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