The bitcoin currency exists outside of government control. There was quite some hype around Bitcoins this year, but also lots of controversy and already several government crack-downs. Still, according to the New York Times, the Winklevoss Twins want to make Bitcoins a normal investment vehicle. They filed a proposal with the securities regulators. on Monday.
Tyler and Cameron Winklevoss have invested quite a bit in Bitcoins. Their plan is to create an exchange-traded fund containing just bitcoins. The Winklevoss Bitcoin Trust would bring bitcoins to every retail investor and not just the current insiders and programmers. I am not convinced that their plan will go through as the government is likely not interested to give digital currencies more distribution. On the other hand this could be a way in for the government to regulate this digital currency. More details on the New York Times.
Bloomberg has a good analyses of the Winklevoss plan and comes to the conclusion that it would be bad idea to invest in Bitcoins.
Luigi Lugmayr Luigi Lugmayr (Google) is the founding chief Editor of I4U News and brings over 15 years
experience in the technology field to the ever evolving and exciting
world of gadgets. He started I4U News back in 2000 and evolved it into
vibrant technology magazine.
Luigi can be contacted directly at firstname.lastname@example.org.
The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.
The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.