Winklevii

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 »