Winklevii

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]

  • 09 May 2014 at 4:49 PM

The Bitcoin Bugle: Resurrection

Remember when the brothers Winklevoss announced, with customary fanfare, that they’d be making bitcoin-ETF history, as long as no one stole their idea in the meantime? Me either. But they haven’t forgotten, and now, against some odds, people who want to lose money on fake money may eventually have the chance to do so on the Nasdaq. Read more »

Aalap Mahadevia has become the single biggest beneficiary of the Winklevii’s largesse. Read more »

The Winklevoss bitcoin ETF may or may not ever see the light of day or earn the twins whatever you’d call a tenth or a twentieth of a bitcoin. But if it doesn’t, they can go back to their tried-and-true wealth-creation strategy of suing someone for stealing their idea. Read more »

  • 02 Jul 2013 at 1:28 PM

Winklebits!

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.

Hahahaha “hold.” The prospectus is here and it’s full of delightful gibberish.1 Read more »

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 »