Will models be accepting Bitcoin? Yes, if the Winklevoss twins have anything to do with it. Tyler and Cameron were among the guests at Ben Watts’ “Shark Attack” party at Gurney’s Inn in Montauk. Cameron was heard talking to One Model Management’s Scott Lipps about setting up Bitcoins for models through a San Francisco-based exchange. [NYP]
One of my favorite pastimes is making small but terrible investment decisions so of course I’ve long wanted to buy some bitcoins, the cryptocurrency that comes from your imagination, or at least the imagination of your computer. Unfortunately as far as I can tell actually buying a bitcoin requires a fake passport, a short-wave radio, and a Kalashnikov, so thus far my laziness has overruled my desire to lose money. But now there’s hope for me:
Cameron and Tyler Winklevoss, the twins best known for their part in the history of Facebook, filed a proposal with securities regulators on Monday that would allow any investor to trade bitcoins, just as if they were stocks. The plan involves an exchange-traded fund, which usually tracks a basket of stocks or a commodity, but in this case would hold only bitcoins.
At a Fortune conference earlier this week, Larry Summers said in an interview that he learned one invaluable lesson about people while running Harvard: “If an undergraduate is wearing a tie and jacket on Thursday afternoon at three o’clock, there are two possibilities. One is that they’re looking for a job and have an interview; the other is that they are an a**hole.” Summers was not speaking generally about assholes but two in particular, Tyler and Cameron Winklevoss, who in 2004, complained to the then Harvard president that Mark Zuckerberg had stolen their idea for Facebook. In the Social Network, Summers is portrayed as being a bit brusque with the Winklevii, essentially to fuck off and go waste someone else’s time, a portrayal he has described as entirely accurate, and for which he makes no apology, on account of the asshole assessment. Apparently the twins caught wind of Summers’ comments and yesterday took the time to respond, via open letter. Spoiler alert: they’re not happy (with Summers’ lack of ‘tact,’ his refusal to shake their hands, the sight of his feet on his desk, and this ‘unprecedented betrayal’): Read more »
A U.S. appeals court ruled Monday that the Winklevoss twins can’t back out of a settlement they struck with Facebook Inc. to resolve claims that founder Mark Zuckerberg stole their idea for the social network. In a 2008 settlement…Cameron and Tyler Winklevoss got $20 million in cash and $45 million in Facebook stock to drop their suit claiming that Mr. Zuckerberg deceived them when he agreed to work for their company, called ConnectU, on a similar website…after they signed the settlement, the Winklevosses said they learned that Facebook’s board had adopted an internal valuation of just $3.7 billion. Had this lower valuation been used, the Winklevoss twins would have received more Facebook shares as part of their settlement. [WSJ]
Those of you who’ve seen The Social Network know there is a scene in which Tyler and Cameron Winklevoss (AKA The Winklevi) go to Larry Summers, the then president of Harvard, to complain that Mark Zuckerberg stole their idea for Facebook. In the movie, Summers is portrayed as a bit of a dick, essentially telling the Winks to fuck off and go waste someone else’s time. Was the portrayal accurate, Summers was asked this morning? Hell yeah it was. And you want to know another thing? Big Lar doesn’t regret for one second telling those little shits to get out of his office. Read more »