gentlemand
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Activity: 2604
Merit: 3056
Welt Am Draht
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January 23, 2015, 10:00:12 PM |
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Does the fact that the Winklevosses are setting up an exchange suggest that their ETF application is not going to be approved? A fully licensed and regulated exchange could serve as an on-ramp for institutional investors.
From their blog: Over the past two and a half years, we have spent a great deal of time educating ourselves and others about Bitcoin; investing in bitcoin; investing in Bitcoin-related companies; filing an S-1 registration statement with the Securities and Exchange Commission to create the Winklevoss Bitcoin Trust (an ETF focused on bringing bitcoin investment exposure to main street investors) which will list on NASDAQ; and launching a bitcoin price index called WinkDex that will price our ETF (online, iPhone, Android). Interesting. Should we take that literally or as optimistic boilerplate? If it was a definite they'd be shouting it already surely? |
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2dogs
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Activity: 1272
Merit: 1004
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January 23, 2015, 10:04:14 PM |
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Lol
Fools..
Nothing is going to happen... Except for another big crash
I'm with you, bro. It's all smoke and mirrors - a big zero. |
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ElectricMucus
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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January 23, 2015, 10:09:29 PM |
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if they do not fuck it up it is quite big news.
one of the most legimate critiques on bitcoin is the bottleneck problem, e.g. the point where the system interoperates with the fiat world.
this was up to this point valid, because you had to trust exchanges, which were run at best in a grey area of jurisdiction. these exchanges were almost solely responsible for the external price determination of bitcoin.
if they manage to reduce this problem they really strengthen the ecosystem of bitcoin.
Dead on man. Especially being a well funded New York exchange. Let's hope they have lock down security. Security through absurdity? |
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vokain
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Activity: 1834
Merit: 1019
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January 23, 2015, 10:11:37 PM |
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Rocket to Gemini  |
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Hyena
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Activity: 2114
Merit: 1017
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January 23, 2015, 10:21:02 PM |
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Does the fact that the Winklevosses are setting up an exchange suggest that their ETF application is not going to be approved? A fully licensed and regulated exchange could serve as an on-ramp for institutional investors.
From their blog: Over the past two and a half years, we have spent a great deal of time educating ourselves and others about Bitcoin; investing in bitcoin; investing in Bitcoin-related companies; filing an S-1 registration statement with the Securities and Exchange Commission to create the Winklevoss Bitcoin Trust (an ETF focused on bringing bitcoin investment exposure to main street investors) which will list on NASDAQ; and launching a bitcoin price index called WinkDex that will price our ETF (online, iPhone, Android). Interesting. Should we take that literally or as optimistic boilerplate? We should take it like this: Over the past two and a half years, we have spent a great deal of time educating ourselves and others about Bitcoin; investing in bitcoin; investing in Bitcoin-related companies; filing an S-1 registration statement with the Securities and Exchange Commission to create the Winklevoss Bitcoin Trust (an ETF focused on bringing bitcoin investment exposure to main street investors) which will list on NASDAQ; and launching a bitcoin price index called WinkDex that will price our ETF (online, iPhone, Android). |
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BrewCrewFan
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January 23, 2015, 10:55:31 PM |
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We should take it like this: Over the past two and a half years, we have spent a great deal of time educating ourselves and others about Bitcoin; investing in bitcoin; investing in Bitcoin-related companies; filing an S-1 registration statement with the Securities and Exchange Commission to create the Winklevoss Bitcoin Trust (an ETF focused on bringing bitcoin investment exposure to main street investors) which will list on NASDAQ; and launching a bitcoin price index called WinkDex that will price our ETF (online, iPhone, Android). Interesting. Plus I see insured I think that is a big part of what is keeping people out. |
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HarmonLi
Sr. Member
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Activity: 350
Merit: 250
Honest 80s business!
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January 23, 2015, 11:10:43 PM |
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What do you people think: Do the twins already know the day their fund goes online or are they just as oblivious as anyone of us is? They could time the release of their projects in order to generate the "biggest bang possible" and boost their products.
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Hyena
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Activity: 2114
Merit: 1017
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January 23, 2015, 11:13:00 PM |
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What do you people think: Do the twins already know the day their fund goes online or are they just as oblivious as anyone of us is? They could time the release of their projects in order to generate the "biggest bang possible" and boost their products.
They could even lie to the media spreading FUD so that they could buy up cheap coins. |
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randy8777
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Activity: 896
Merit: 1000
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January 23, 2015, 11:15:12 PM |
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action speaks louder than words....
so far only words. people get excited for nothing.
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HarmonLi
Sr. Member
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Activity: 350
Merit: 250
Honest 80s business!
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January 23, 2015, 11:19:21 PM |
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What do you people think: Do the twins already know the day their fund goes online or are they just as oblivious as anyone of us is? They could time the release of their projects in order to generate the "biggest bang possible" and boost their products.
They could even lie to the media spreading FUD so that they could buy up cheap coins. Yeah but do you see them doing such a thing? I've yet to see them releasing negative rumors about their ETF or the exchange. This would just ruin their reputation. I guess it really bugs them they're not allowed to tell the media about the release date! |
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BrewCrewFan
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January 23, 2015, 11:27:30 PM |
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What do you people think: Do the twins already know the day their fund goes online or are they just as oblivious as anyone of us is? They could time the release of their projects in order to generate the "biggest bang possible" and boost their products.
They could even lie to the media spreading FUD so that they could buy up cheap coins. Yeah but do you see them doing such a thing? I've yet to see them releasing negative rumors about their ETF or the exchange. This would just ruin their reputation. I guess it really bugs them they're not allowed to tell the media about the release date! Not only that but the image of BTC is really fragile right now where the normal joe to this day still thinks that BTC is used for nothing but illegal activities... because that is all the big headlines they see repeated in the news. |
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HarmonLi
Sr. Member
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Activity: 350
Merit: 250
Honest 80s business!
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January 23, 2015, 11:29:07 PM |
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What do you people think: Do the twins already know the day their fund goes online or are they just as oblivious as anyone of us is? They could time the release of their projects in order to generate the "biggest bang possible" and boost their products.
They could even lie to the media spreading FUD so that they could buy up cheap coins. Yeah but do you see them doing such a thing? I've yet to see them releasing negative rumors about their ETF or the exchange. This would just ruin their reputation. I guess it really bugs them they're not allowed to tell the media about the release date! Not only that but the image of BTC is really fragile right now where the normal joe to this day still thinks that BTC is used for nothing but illegal activities... because that is all the big headlines they see repeated in the news. Yeah, but I'm certain there are enough people at least slightly interested in Bitcoin who will jump on the train as soon as the next bubble starts and the media start reporting on Bitcoin on a daily basis again. |
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minerpumpkin
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January 23, 2015, 11:48:42 PM |
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Looks like a very interesting venture. They seem really interested in Bitcoin. Not only the ETF, but also an exchange... I'm impressed, really! Even if their projects don't go to the moon instantly, it's important to have the vehicles ready as soon as the money starts to flow!
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I should have gotten into Bitcoin back in 1992...
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Hyena
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Activity: 2114
Merit: 1017
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January 23, 2015, 11:50:54 PM |
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Looks like a very interesting venture. They seem really interested in Bitcoin. Not only the ETF, but also an exchange... I'm impressed, really! Even if their projects don't go to the moon instantly, it's important to have the vehicles ready as soon as the money starts to flow!
You mean the rocket? |
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knight22 (OP)
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Activity: 1372
Merit: 1000
--------------->¿?
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January 23, 2015, 11:51:45 PM |
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...go to the moon...
...it's important to have the vehicles ready...
You mean the rocket?  |
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minerpumpkin
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January 23, 2015, 11:54:18 PM |
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Looks like a very interesting venture. They seem really interested in Bitcoin. Not only the ETF, but also an exchange... I'm impressed, really! Even if their projects don't go to the moon instantly, it's important to have the vehicles ready as soon as the money starts to flow!
You mean the rocket? You're right, in the Bitcoin world, investment vehicles are actually rockets  Man, I'm really anticipating all those rocket-train pictures in the wall observer! I just can't wait! |
I should have gotten into Bitcoin back in 1992...
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cbeast
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Activity: 1736
Merit: 1016
Let's talk governance, lipstick, and pigs.
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January 23, 2015, 11:55:21 PM |
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It is a mistake for them to create yet another disaster-waiting-to-happen mtgox style exchange. It should only be open 8 hours a day and should allow floor, dark pool, and OTC trading. Only gamblers want 24/7 exchanges and they will die out as they get hacked.
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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minerpumpkin
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January 23, 2015, 11:59:42 PM |
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It is a mistake for them to create yet another disaster-waiting-to-happen mtgox style exchange. It should only be open 8 hours a day and should allow floor, dark pool, and OTC trading. Only gamblers want 24/7 exchanges and they will die out as they get hacked.
You want those exchanges as well, yeah. But Bitcoin is a currency made for the Internet. You want to be able to trade it 24/7 and not being impeded by bank holidays dictated by a certain country. Would you really want to wait for your exchange to open the doors when a crash or a rise is currently happening? |
I should have gotten into Bitcoin back in 1992...
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jaberwock
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Activity: 2842
Merit: 1128
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January 24, 2015, 12:03:59 AM |
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It is a mistake for them to create yet another disaster-waiting-to-happen mtgox style exchange. It should only be open 8 hours a day and should allow floor, dark pool, and OTC trading. Only gamblers want 24/7 exchanges and they will die out as they get hacked.
8h open every day while all other exchanges operate 24h? Who would be dumb enough to use such exchange? |
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Morbid
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Activity: 1202
Merit: 1015
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January 24, 2015, 12:10:10 AM |
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... and here is your legal way out of the fiat pain gents..
i deeply congratulate the twins with outstanding work that they've done over the course of almost two years. this exchange might not be perfect as of now - but if it grows enough they would obviously be making it more trader-friendly. they really pushed the legal boundries of our current wounded system. we might be able to be a bit more naughty in future.
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