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Aside from the absolutely ridiculous name, the concept is outstandingly foolish: As the Sponsor and its management have no history of operating an investment vehicle like the Trust, their experience may be inadequate or unsuitable to manage the Trust. We, the absurdly named Winklevoss twins, have no idea what the fuck we are doing here. The loss or destruction of a private key required to access a Bitcoin may be irreversible. Oops we deleted our wallet. Political or economic crises may motivate large-scale sales of Bitcoins, which could result in a reduction in the Blended Bitcoin Price and adversely affect an investment in the Shares.
It may be illegal now, or in the future, to acquire, own, hold, sell or use Bitcoins in one or more countries, and ownership of, holding or trading in Shares may also be considered illegal and subject to sanction.
I've seen a lot of bad ETF ideas come to market. Some are still around, some aren't. I can assure you the bitcoin idea is dreadful. Bitcoin ETF ticker ideas: Winklevoss twins are making a play to make bitcoins mainstream.
How am I supposed to fund Central American revolutionaries now? After much consideration, my comment on the winklevoss twins starting a bitcoin ETF is "lolololololololol". The Winklevosses should have realized their Bitcoin exchange wasn't such a hot idea when Mark Zuckerburg didn't try to steal it from them.
Having never seen Social Network, not getting all these Winklevoss puns but seem to be the only guys who can make Bitcoin even more annoying. Even actual money news people are critical and skeptical.
This simply has to be seen to be believed. Thanks to Everdraed and Something Awful. If, for some reason, you missed it, Forbes blogger Kashmir Hill spent a week using nothing but bitcoins as cash in what I can only assume was an experiment to prove that it can be done and to demonstrate the viability of Bitcoin as a currency. The true believers will inevitably point to this experience as an example of Bitcoin working in the real world, but their bias blinds them to the truth: Someone eventually pointed her to a service which acts as a middleman, ordering things from local restaurants and then delivering them, adding a service fee for the convenience.
For some reason, they accept bitcoins. Founded in May of , Bitcoin24 was allegedly the largest buttcoin exchange in Europe, with only the mighty Mt. Gox surpassing it in terms of volume and profit.
Apparently they also surpass the Magic: Recently, people found the admins asking questions on StackOverflow about how MySQL works and how to round numbers when working with financial data.
A few days ago, the site made the above announcement, in even more broken English. So first thing this is a very, very bad translation from Polish into German. But the gist of it is: And I do mean everything. Current bank accounts, old bank accounts. Who the money was coming from, who it was going to. In total over Euro were transferred via these accounts mostly from Germany towards Poland, Romania and Bulgaria — German prosecution sees bitcoin as a massive money laundering operation and are proceeding against the owner — German prosecution has evidence that the owner is involved in phishing attacks and is proceeding against him about that too.
Just another day in the life of the currency of the future! For anyone who has been under a rock or in a cabin in Canada or something for the past thirty-six hours, the price of Bitcoins has crumbled. The resulting selloff once more devastated the Magic: Relatively smarter people and panic sellers got out, while the true believers rode it all the way down, despite their losses.
MtGOX finally admitted that they were not being DDoSed , instead announcing that they are merely incompetent and unprepared for actual web and exchange traffic.
Many of them have experienced their own issues from the flood of traffic, with Bitfloor crying wolf DDoS. What drove this ridiculously huge bubble? Amazing bitcoin ATMs and fantastic new bitcoin services are springing up all over the country, as well as everywhere else in Europe. None of this is true , however. Cyprus is involved, but not in the way that everyone is trumpeting.
The atmosphere there is rather deflated. Why should I invest in bitcoins? We very well may just take the money and run.
The reviews thus far are mixed. Not got a ticker yet Winklvii? Goons are mostly amused. It is, of course, reddit, so this guy is totally wrong. Buttcoin The Easy Butt Oven killhamster bitcoin , buttcoin , funny , mining rigs , stupid , terrible 4 Comments June 22, This simply has to be seen to be believed. Are Your Children Safe? Buttcoin Living on Bitcoin for a week: What we should have learned killhamster bitcoin , buttcoin , currency , fail 3 Comments May 9, If, for some reason, you missed it, Forbes blogger Kashmir Hill spent a week using nothing but bitcoins as cash in what I can only assume was an experiment to prove that it can be done and to demonstrate the viability of Bitcoin as a currency.
Furthermore, we find that his home was raided and he is no longer free. First, we bring you a labor of love from the SA forums: Listen to Buttcoin Be sure to check out the fantastic Cosby mode! Buttcoin How I Learned to Stop Worrying and Love the Bitcoin killhamster bitcoin , bubble , burst , bust , buttcoin , crash 8 Comments April 11, For anyone who has been under a rock or in a cabin in Canada or something for the past thirty-six hours, the price of Bitcoins has crumbled.