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How the Winklevoss Twins Found Vindication in a Bitcoin Fortune

nytimes.com

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Re: How the Winklevoss Twins Found Vindication in a Bitcoin Fortune

#3

Post by TheBiv »

>> They said they might look at selling when the value of all the Bitcoin in circulation approaches the value of all gold in the world — some $7 trillion or $8 trillion compared with the $310 billion value of all Bitcoin on Tuesday — given that they think Bitcoin is set to replace gold as a rare commodity. But then Tyler Winklevoss questioned even that, pointing out the ways that he believes Bitcoin is better than gold.

I found this to be the most fascinating part of the article.

Re: How the Winklevoss Twins Found Vindication in a Bitcoin Fortune

#9

Post by walshemj »

aphextron wrote: post #6
walshemj wrote: post #5

is it liquid in the way gold is ?

Liquidity problems are an issue with exchanges, not Bitcoin itself. I can email you a Bitcoin instantly. Good luck doing that with a gold bar.

Without liquidity its point less and arguably worthless but you could transfer Gold ETFs electronically to me

Re: How the Winklevoss Twins Found Vindication in a Bitcoin Fortune

#10

Post by ithinkinstereo »

walshemj wrote: post #9
aphextron wrote: post #6

Earlier quoted context omitted.

Liquidity problems are an issue with exchanges, not Bitcoin itself. I can email you a Bitcoin instantly. Good luck doing that with a gold bar.

Without liquidity its point less and arguably worthless but you could transfer Gold ETFs electronically to me

BTC is pretty liquid. Tens of millions change hands hourly/daily.

The linked article even cites one hodlr that purchased a professional hockey team with his crypto profits.

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