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I am Cameron Winklevoss and I love me some Bitcoin AMA!
My Proof: http://imgur.com/l630FXs
winky_pop1726 karma
1) The Silk Road closure, and resulting price gains demonstrate how the demand for BTC has little to do with illicit transactions. If anything, Silk Road was holding Bitcoin back by disproportionately dominating its narrative in a negative way.
2) It is estimated that the volume of bitcoin transacted on Silk Road only represented ~4% of the total volume of bitcoins transacted on the Block chain over the same period of time.
3) Interesting, but I don't think they solve any "problems" that Bitcoin can't address itself.
4) Volatility will decrease as Bitcoin matures and regulatory landscape becomes clearer.
ntrivers324 karma
Thank you for taking the time for this AMA. Where do you see Bitcoin in the future? How will it remain a viable currency?
winky_pop354 karma
small bull case scenario for Bitcoin is a 400 billion USD dollar market cap, so 40,000 USD a coin, but I believe it could be much larger. When this will happen, if it happens, I don't know, but if it happens, it will probably happen much faster than anyone imagines.
winky_pop762 karma
One of best ways to get gains is 90min steady state 3-6 times a week, HR @ ~150 BPM (75% of 220 minus your age)
winky_pop583 karma
Yes. Tyler and I would be be able to drift in Jaegers and beat down on Kaijus. Is that you Eli?
serversidesandwich241 karma
What has been the most defining experience you have had to date?
BuyAllTheCoins138 karma
Do you believe in BTC as a currency or only as a speculative vehicle?
LiquidWaffle131 karma
What did you think of your portrayal in the Simpsons? Would you be a guest star if given the opportunity?
winky_pop364 karma
Huge fan of the show, but didn't feel our portrayal was particularly clever, a missed opportunity for them but flattered nonetheless.
winky_pop377 karma
I have a couple, to name a few, Isaac Asimov's Foundation, Frank Herbert's Dune, Daniel Mason's The Piano Tuner....
sew3123 karma
Thanks for taking the time to do this AMA. Do you have any good resources for learning the ins-and-outs of Bitcoin?
winky_pop263 karma
http://trybtc.com is a good starting point for setting up a wallet, etc. http://thegenesisblock.com is an incredible resource.
Plucky3111 karma
Are you actively trading your bitcoin or are you just holding on to them? Do you think you can really predict price movements?
thebobstu110 karma
What do you say to people who think your right hand is fake in your photo proof?
curiousshortguy79 karma
Do you think the unequal distribution of bitcoin / big gains of early adopters will be a deterrent in a more widespread adoption of bitcoins?
winky_pop163 karma
No. Early adopters get bigger gains (as they should) because they take on bigger risk. A bitcoin can be divided into 100 million pieces, so I don't see divisibility or distribution as a problem.
groovybear73 karma
Hi Cameron, I feel like watching a movie right now. Do you have any suggestions of what I should watch?
davie1846 karma
Do you see BTC 'replacing' currencies we have today, or being used alongside them?
Have you invested in any altcoins, if so, which and why?
winky_pop142 karma
I view BTC more as an alternative to fiat currencies than a replacement.
I have not invested in any altcoins because I don't believe that any of the "problems" or issues that they address can't be addressed by Bitcoin itself.
fofoo3343 karma
I understand that your ETF is only available to accredited investors. Why? Was this a decision on your part, or an SEC rule?
Are you planning on opening it up to all people, not only accredited investors?
winky_pop94 karma
Due to gun-jumping rules I can't speak about the Winklevoss Bitcoin Trust, however, ETP's and ETF's are NOT exclusive to accredited investors, any investor can purchase shares.
Tester2483435 karma
- When do you estimate the Winklevoss Trust will be approved?
- When do you estimate Wall St. will start putting in serious batches (600 million at least) into Bitcoin? 2014? 2015?
Thanks!
MaleFascistAdvice29 karma
Considering your huge position in bitcoin and the huge volatility of the price, how does it feel riding the massive swings?
winky_pop97 karma
Some days I don't even look at the price. I'm in this for the long-haul. Spartans hold.
winky_pop46 karma
80s Def Leopard: Hysteria 90s Smashing Pumpkins: Siamese Dream, RadioHead: Ok Computer, Alice in Chains: Dirt...
roomiller1701 karma
How can we be sure you're not Tyler Winklevoss?
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