Winklevi Finally Vindicated?

winklevoss08 Dec 2013 / The Harvard Crimson – Good things come to those who wait (kind of).

After years of being known as the faces of dejection from “The Social Network,” Cameron S. H. Winklevoss ’04 and Tyler O. H. Winklevoss ’04 have, over the last eight months, become the faces of Bitcoin. Last April, the New York Times revealed that the twins have created one of the largest portfolios of the completely digital currency out there.

For those of you who are not as invested in the lives of the Winklevi, here’s a bit of background. Bitcoin originated in 2009 as a peer-to-peer currency that operates independently of government regulation. Because they are heavily encrypted and accessible only using private keys, bitcoins are one of the most anonymous methods available for conducting transactions.

Forbes reported last month that since the Winklevosses’ investment was revealed, “the price of the digital currency has tripled.” And everyone is getting on board, even though no one is quite sure who created or controls Bitcoin (if anyone). According to the New York Times, commercial spaceflight company Virgin Galactic now accepts bitcoins for transactions, and Baidu, China’s most popular search engine, has endorsed the currency. Lawmakers in Washington are even holding hearings on them: Federal Reserve Chairman Ben Bernanke wrote in a letter to senators that the currency may hold “long-term promise.”…… Read more

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