Bitcoin Twins Net Worth - Winklevoss Twins – billion net ...

03-03 04:46 - 'Mark Zuckerberg has a net worth of $53.6 billion. Let's assume the Winklevoss twins (Winklevii) have 200,000 BTC (the April '13 estimation is 110k, but some estimate 200k based on SEC document calculations.) Besides that, the...' by /u/jaskanh removed from /r/Bitcoin within 137-142min

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Mark Zuckerberg has a net worth of $53.6 billion. Let's assume the Winklevoss twins (Winklevii) have 200,000 BTC (the April '13 estimation is 110k, but some estimate 200k based on SEC document calculations.) Besides that, they should have a lot of other investments, probably including FB stocks from 2008 (that are worth much more now), so let's say another $500 million extra. This means the bitcoin price will have to be:
(53,600,000,000-500,000,000)/200,000 = $265,500
to make their net worth as much as Mark Zuckerberg.
According to the Winklevii, the bitcoin's market cap "could be in the trillions". With 21 million bitcoins and the price of $265,500 the market cap would be ~$5.6 trillion - which is technically within the range of Winklevii's estimation "in the trillions". So according to their own estimation, it could be possible.
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Author: jaskanh
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Buy Bitcoin not Gold- Mike Novogratz

Michael Novogratz is a veteran Wall Street fund manager and cryptocurrency maven who readily acknowledges when he earns a “black eye,” while Dave Portnoy is the brash founder of a media empire who only recently began touting stocks and has disparaged Warren Buffett.
Their backgrounds and personalities may be vastly different, but both are now offering the same investment recommendation: Bitcoin is a better long-term bet than gold.
In an appearance on Bloomberg Television, Novogratz — founder of Galaxy Digital Holdings Ltd. — said that although he sees gold climbing above its record highs, Bitcoin is still the more worthy investment because it’s “harder to buy” than the traditional haven. He said about 25% of his net worth is tied up in the cryptocurrency.
“It’s only got a $20 billion market cap, while gold is over $10 trillion,” Novogratz said of Bitcoin. “So it’s got a long way to go to catch gold in terms of just adoption.” Still, he doesn’t recommend beginners put in more than 1-2% of their money into the digital currency.
Novogratz said Bitcoin had “crossed the Rubicon” on the question of whether it’s a good store of value. Now, more institutions and banks are considering how to get into the cryptocurrency, compared with a few years earlier when they viewed it more skeptically, he said.
Barstool Sports founder Portnoy, meanwhile, was sold on the cryptocurrency after being pitched by Cameron and Tyler Winklevoss. In a video posted on Portnoy’s Twitter feed, the twin brothers — who founded crypto exchange Gemini Trust — say Bitcoin has the potential to replace gold as a store of value. Their reasoning? They claim that Elon Musk has plans to mine gold from asteroids.

In a tweet after his interview with the Winklevoss twins, Portnoy suggested he has bought $1 million worth of Bitcoin.
Bitcoin, the largest cryptocurrency, has been on a roller coaster in 2020. After sliding below $4,000, it’s zoomed up and is around $11,800. It’s seen further acceptance in the mainstream investment community, experienced a “halving” where the rate of Bitcoin created dropped by 50% as of May, and seen correlations with gold rise to records.
In the case of bullion, prices have been on a tear this year as central banks worldwide took steps to shore up ailing economies in the wake of the coronavirus crisis and investors sought a haven from the turmoil. The precious metal is up 28% this year to about $1,945, with Credit Suisse Group raising its bullion forecast for next year to $2,500 due to a “perfect storm” of factors.
https://www.bloomberg.com/news/articles/2020-08-14/buy-bitcoin-or-gold-novogratz-and-portnoy-prefer-the-cryptocurrency?sref=xTkgnLSf
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Bitcoin Gemini Exchange Review 2020

Bitcoin Gemini Exchange Review 2020
If you are planning to place assets into cryptographic types of cash like Bitcoin or Ether, in any case, you do not understand where to start, this Gemini exchange review will help you with choosing.
Gemini Bitcoin Exchange Review 2020
You need yourself to be a productive advanced cash intermediary. By what technique will you become? To help you here's an exchange review, which will give every one of you the low down information required for a powerful enthusiasm for one of the most trusted in stages the Gemini Exchange.
We should find all the more right currently review
Gemini Review :
About Gemini Exchange
Twin kin developed Gemini Winklevoss in the year 2014. The Gemini exchange is arranged in New York. The Gemini crypto exchange is open in essentially all US states, similarly as UK, Canada, Puerto Rico, Singapore, South Korea, and Hong Kong. In 2016, Gemini transformed into the world's recently approved Ether exchange.
It positions 82th greatest exchange on earth as showed by 24-hour volume on Coinmarketcap. While Gemini Bitcoin and Gemini Ethereum trading volumes are high, the exchange is endeavoring with all undertakings to fight with those stages offering a predominant piece of the cryptographic types of cash, for instance, Binance.
Reinforced Currencies
Gemini offers crypto to fiat portions and a BTC/ETH grandstand, which makes it a quick contender to any similarity to Coinbase, Bitstamp, and Kraken. At present, it is one of the most respected and ensure about exchanges open. This is in light of the fact that it has more features to help secure customers against developers. Also, it is one exchange for the CBOE Bitcoin future settlement. Gemini Mobile application is directly available, which is amazingly basic and versatile to use.
How to use Gemini?

https://preview.redd.it/qnowl19fwaj41.jpg?width=720&format=pjpg&auto=webp&s=1819eeac9d4c44681c0afe616d387b60a78f7c8e
1) Go to the official site and snap the "Register" tab on the upper right corner.
Enter your name, email address, and mystery word for your own record. While affirming your email address, it is critical to :
Affirm your email address and enter both your region and phone number, by then you can set up 2-Factor Authentication (2FA) which will be an additional layer of security to your record.
Incorporate your monetary equalization. Starting at now, Gemini recognizes simply bank moves and wires, as a methodology for putting away holds.
To check your record, move your organization ID proof. This will help you with executing and trade US Dollars. Moreover, it will help Gemini with as per the Bank Secrecy Act (BSA) and Anti Money Laundering (AML) rules. The affirmation time may run from a couple to a couple of days.
Subsequent to completing of all the above strategies, you can use your record for financing.
gemini crypto exchange
2) Deposit Currency
In the Menu, click Transfer Funds, by then find a good pace Bank Transfer and Exchange. Enter the whole you have to store here. Moreover, note $500 consistently is the most extraordinary most extreme for Bank moves.
3) Trading Bitcoin and Ethereum
As you store by methods for bank move, they are quickly available for trading. you can purchase by encountering the menu and picking your supported trading pair. For example, for Bitcoin BTC/USD similarly as Ethereum ETH/USD.
In the wake of embeddings the expense and sum it will process your buy demand. There is another choice to trade by methods for the business community which has exhibit orders gave by various customers.
After the fulfillment of your purchase, your record will be acknowledged with your Ethereum just as Bitcoin purchases. You can sell your computerized cash on the Gemini crypto exchange. Regardless of the way that you can't make a withdrawal until your bank move has been completely arranged.
gemini sponsor organization
4)Trading Limits
By and by, For most trade strategies, there are no limitations on trades. In any case, Automated Clearing House (ACH) moves have the greatest store most remote purpose of $500 day and $15,000 consistently for singular record holders. Associations have a state of restriction for making ACH stores of $10,000 consistently or $300,000 consistently.
Gemini Marketplace
There is a Gemini business focus that runs 24*7. Here, you can have indistinguishable number of solicitations from you wish to have, with a variety of trading choices. These include:
Market Orders – With the present best open worth, the solicitations here starting dealing with quickly against resting orders.
Purpose of repression Orders – The sum is filled at or better than a given expense. The sum which isn't dispatched lays on the solicitation book diligently until it is filled or dropped.
Brief or Cancel (IOC) Limit Orders – The sum is filled at or better than a given expense. The sum which isn't filled rapidly is dropped and doesn't lay on the perpetual solicitation book.
Maker or Cancel (MOC) Limit Orders – The sum lays on the solicitation book continually at a foreordained expense. Furthermore, the entire solicitation is dropped if there is any sum that can be filled immediately.
All solicitations made on this stage are totally sponsored and fill in as a full hold exchange. In any case, there is no edge trading Gemini. Despite that, reliably the customer's record equality should have more balance than the exceptional excitement on demand books. Also, all open solicitations decline your available leveling until they are fulfilled or dropped
Gemini Fees
In the event that there ought to be an event of moves, Gemini crypto exchange has a low cost technique and stage customers can store Bitcoin, Ether, at freed from charges for both bank and wire moves. In any case, banks will charge a cost for the customers to wire money to their Gemini account. Withdrawals on the stage are free and all customers will have 30 free withdrawals for each calendar month.
Any withdrawals more than this total will pull in costs comparable to the mining charges payable on either sort out. The costs are around 0.001 BTC or 100,000 Satoshi per trade on the Bitcoin Network and 0 GWei or 0 ETH per trade on the Ethereum Network.
MakeTaker charges
0.25% is the trading costs for both sellers(makers) and buyers(takers). If it shows up at certain trade volumes, charges will be reduced. The maker charge is 0% for 30-day trading volumes that outperform 5,000 Bitcoin or 100,000 Ether. For a comparable trading entirety, the taker run after will bubble to 0.10%.
Gemini uses dynamic maker and taker charge or reimbursement timetable, and sellers can get reimbursement on liquidity-creation trades. The particular entireties depend upon net trading volumes and the buy and sell extent over a multi day time allotment. The data are adjusted as expected and more information on charges can be found here.

https://preview.redd.it/exgucn9gwaj41.png?width=225&format=png&auto=webp&s=34fc66d46df40444abcc9ac61308106b2e3f57c0
charges
Concerning purchases, the base purchase whole for Bitcoin is 0.00001 BTC, or 1000 satoshis, for Ether, the base sum is 0 .001 ETH
Security-at-Gemini
Bitcoin Gemini Reviews, is a strong exchange that has a better than average reputation in everyone. The exchange goes about as a way into the universe of cryptographic cash trading. This may be in light of the fact that various customers first quit concerning purchasing Bitcoin and Ethereum. In comprehension to Coinbase, Gemini has a near space. Wherein it allows its customers to make trade clearly to and from their records.
Gemini is a not too bad choice, for people looking to securely trade either Bitcoin or Ethereum. The exchange is a potential decision for new competitors to the market similarly as logically settled sellers who like to make trades by methods for their monetary adjusts.
Latest News
Dec 17, 2019: Well realized cash related pro association State Street picked Gemini exchange for the new propelled asset pilot adventure.
Nov 19, 2019: Gemini exchange wanders into NFT's and acquired Nifty Gateway Solution, a phase to buy Non-Fungible Tokens.
Nov 14, 2019: The exchange added Stop-Limit to the solicitations being executed on the stage.
Sep 11, 2019: Gemini dispatches Gemini Custody with 18 cryptographic types of cash
Sep 5, 2019: Gemini Clearing™, a totally electronic clearing and settlement answer for off-exchange exhibited by the stage
Aud 27, 2019: Gemini Joins the Silvergate Exchange Network
Aug 22, 2019: Gemini loosens up and reaches to Australia
April 15, 2019: Gemini wallet support Segwit
Gemini Bitcoin Exchange Review
Rundown: How to Buy Bitcoins by means of Gemini
Register a record at Gemini and check email code sent to you.
Set up two-factor validation (2FA).
Give checked ID as a major aspect of the confirmation procedure.
Include ledger.
Store cash by clicking "Move Funds", "Store into Exchange" and afterward picking the sort of bank move.
Snap "Purchase" catch and round out the buy structure to get BTC.
Is Gemini Safe?
Gemini is extremely worried about its clients' wellbeing, in this manner it utilize three arrangements of security...
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Gemini Comparison with Other Exchanget
To exchange bitcoins you have to initially peruse and think about various BTC trades...
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In Which Countries Is Gemini Available?
You can arrange bitcoins through Gemini nearly in any nation, yet discover where you can't...
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Guide: Buying BTCs at Gemini
It is anything but difficult to purchase bitcoins on Gemini trade, knowing the essential standards and prerequisites...
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FAQ
Discover to what extent the exchange takes, how to pull back BTCs and what strategies for...
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Practically equivalent to Bitcoin Exchanges
We have arranged a rundown of trades, notwithstanding Gemini, that can assist you with requesting bitcoins...
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With developing worth and system, bitcoin is ready to turn into the main online resource in the realm of ventures.
Gemini bitcoin trade survey
This article is worried about one of the most well known trades with regards to BTC exchange, Gemini.
What Is Gemini?
Gemini is one of the realized digital money trades that offer an assortment of exchange apparatuses for speculators that have some involvement with the business. The organization that claims the stage is enrolled as LLC in New York State, USA, offering USD to BTC and USD to ETH exchange trade.
Purchase BTC at Gemini
Propelled in 2015, Gemini offers two unmistakable commercial centers, them being:
customary trade administrations;
bitcoin barters.
Upon its appearance, the stage offered its administrations in the US just, bit by bit including different nations all the while. The organization is possessed by the Winklevoss twins, who guarantee that they are have about 1% of the complete BTC volume.
Winklevoss siblings are Gemini's proprietors
Gemini Security
With regards to the wellbeing of your assets, Gemini applies three arrangements of safety efforts that should be referenced. To start with, the stage applies advanced money safety efforts by offering hot and cold stockpiling wallets, where cold wallets have multisig capacities to forestall hacking endeavors at your equalizations.
Gemini security
The subsequent measure is identified with the exchange where the entirety of the exchanges at Gemini are led through pre-financed accounts, implying that merchants and purchasers can't post orders on the off chance that they don't have adequate BTC or fiat monetary forms in their parities. Finally, the site security comprises of two-factor verification (2FA) and HTTP encryption of all data in regards to merchants and stage's exchanges from outsiders.
Accessible Payment Methods
As of now, Gemini acknowledges stores communicated distinctly in ACH (for US dealers) and wire moves (for every other person) communicated in USD. Credit or check cards, money stores, PayPal and numerous different alternatives are wanted to be remembered for the future however are not accessible at the present time.
Buy bitcoin by means of wire move
You ought to buy in to the Gemini news source since the organization will promote the new store strategy through that channel of correspondence.
Shouldn't something be said about Fees?
While saving or pulling back your assets communicated in fiat or computerized monetary forms, dealers would find that the administrations are done totally free. Then again, Gemini charges exchange expenses are charged dependent on a month to month net exchange volume. Taker charges can extend from 0.15% to 0.25% while creator expenses from 0% to 0.25%.
Expenses at the trade
Does Gemini Have Limits?
Cryptographic money and wire stores and withdrawals don't have any constraints forced on dealers, implying that in the event that you utilize the said administrations, you can buy, sell and pull back bitcoins with no deterrents. Singular American financial specialists utilizing ACH move, then again, have $500 every day and $15.000 month to month while institutional individuals have $10.000 day by day and $300.000 month to month store limits.
No restrictions for purchasing bitcoin
Gemini Comparison
When thinking about exchanging at any trade, you should hope to analyze the administrations, expenses and impediments with other comparative stages. In this manner, we have assembled an examination investigation where we benchmarked Gemini against two other well known decisions with regards to BTC buy: Kraken and Coinbase.
Gemini versus Kraken
Kraken, much the same as Gemini, acknowledges bank moves just, with the significant contrast being that Kraken permits 5 fiat cash stores. Notwithstanding bitcoin, there are 14 more altcoins that you can exchange with at Kraken while the two trades force check on their customers as they are both controlled organizations.
Gemini versus Kraken
Kraken is fundamentally the same as Gemini as far as expenses, as creatotaker charges go somewhere in the range of 0% and 0.26%. Bank moves do accompany little expenses at Kraken while Gemini acknowledges stores for nothing. In conclusion, while Gemini exchanges two or three nations in particular, Kraken is all around accessible.
Coinbase versus Gemini
Coinbase is viewed as one of the biggest bitcoin suppliers on the planet, offering its administrations in 32 nations, USA notwithstanding. The installment strategies at Coinbase are PayPal, bank moves and credit/check cards, two more than Gemini.
Request bitcoins by means of Coinbase trade
Confirmation is an absolute necessity have at Coinbase, much like in Gemini while expenses are a ton lower at Gemini, as you pay between 1.49% to 3.49% from exchange's an incentive at Coinbase. The two trades offer BTC vaults and wallet administrations while Coinbase additionally exchanges with Litecoin which are inaccessible at Gemini.
Gemini BTC Exchange in Different Countries
Gemini's administrations are accessible in a bunch of nations around the globe, them being the US (5 states not upheld), Canada, Japan, South Korea, Hong Kong, Singapore and the United Kingdom. The five US expresses that are not bolstered are Alaska, Arizona, Hawaii, Oregon and Wisconsin.
Gemini trade in various nations
Is It Legal?
Gemini is an American LLC that adheres to New York Banking Law guidelines, actualizing BSA (Bank Secrecy Act) and AML (Anti-Money Laundry Compliance Program) arrangements, implying that customary reviews of the BSA/AML programs are being executed. Moreover, the firm requires all merchants to have reserves pre-saved before the exchange.
Bitcoin Gemini Price, is legitimate
Another significant factor of the stage's lawfulness is the way that since its beginning, Gemini has promptly accessible money related report dating 7 years back.
Does Gemini Support Its Customers?
Concerning the client service, Gemini has a thorough FAQ page where a large portion of the exchanging questions have been replied. Notwithstanding the FAQ, you can likewise top off a shape and present a solicitation to the Gemini group with respect to any issue that you may look on the stage.
Gemini client service
Because of the regular upkeep of the site's administrations, Gemini has a "Status" page where financial specialists can see which administrations and API instruments are working right now and which are definitely not.
Manual for Buy Bitcoins from Gemini
When you have gotten the cash at your Gemini account, click "Purchase" button on the dashboard page.
Buy page for bitcoins at Gemini
Presently, round out the structure on the right, giving request type, volume or estimation of BTC you wish to get and click "Purchase" to get bitcoins in your record immediately. Try to check the BTC cost at the upper left piece of the "Purchase" page to ensure it has not changed at the time you have begun the buy procedure.
Enrollment
It is totally allowed to enroll a record at Gemini bitcoin trade and the procedure begins once you click "Register" button at the upper right corner of the site. Give your complete name, email address and secret key in subsequent stage and snap "Make My Account".
Make account at Gemini
You will get an email code which you should duplicate glue into the Gemini's check page.
Contribution of enactment code on Bitcoin Gemini Registration
The accompanying advances will open up for you to finish, in this way you have to arrangement your 2FA security apparatus, include a financial balance and give checked ID to finish the enrollment methodology.
To what extent Should I Wait for Verification?
Check stage can take between an hour and a day, contingent upon various enlistment applications Gemini has right now you have begun the procedure. You ought to set up every single essential report before you start and arm yourself with persistence as a stage would set aside effort to process your data.
Confirmation process at Gemini
Would you be able to Get Bitcoins Without Verification?
At the enlistment page, you are required to check your personality and frog your financial balance. When you have presented the records, you can't enter the stage's exchange page until the help affirms your subtleties. In this way, it is unimaginable to expect to buy supply of bitcoins without confirmation.
Obligatory confirmation before purchasing BTCs at Gemini
How to Add Money to Account?
When you have finished the enrollment and confirmation of your record, click button "Move Funds", situated in the top segment of your dashboard page. In following stage, click "Store Into Exchange" and pick either USD or Wire alternative, contingent upon what financial balance you have included at enrollment stage.
Add assets to Gemini account
You can likewise store bitcoins in your Gemini wallet too.
Store BTCs in the Gemini wallet
At the last phase of wire move subsidizing process, you have to give bank's wiring data, for example, your record number and other significant data that can be found by clicking "Bank Settings".
Give bank's wiring data
When data has been given, basically click "Store" button which will show up at the base of the page.
Secure Your Account
Keep the entirety of your record and wallet passwords out of the programmer's compass by continually evolving them. Monitor the new secret key by keeping in touch with them down on a bit of paper as to not overlook them meanwhile.
Record with 2FA on trade
You as of now have 2FA from the enlistment stage and don't give your private data to some other dealer on the stage.
FAQ
To what extent Does It Take to Make Transaction?
It takes 4 to 5 days to store assets in your Gemini account while exchanges themselves are done following you the exchange started. Diverse request types have distinctive length, contingent upon what dealer wishes to accomplish.
Sitting tight for exchanges on the trade
Would i be able to Buy Bitcoin with PayPal at Gemini?
Now, brokers can't utilize PayPal as store technique at Gemini. You ought to buy in to the trade's news channel as to get warnings if the strategy opens up to store alternative later on.
Does Gemini Have a BTC Wallet?
The stage offers two kinds of wallet administrations, one being "hot" wallet and another being vault stockpiling. Both are based just, with the principle contrast being that vault stockpiling gives extra security keys that are utilized while moving bitcoins all through the wallet. Along these lines, vault administrations are esteemed as more secure than the standard BTC wallet.
Gemini wallet
Pulling back Your Bitcoins from Gemini
At the dashboard page, click "Move Funds" and afterward "Pull back From Exchange" to begin the procedure. Pick bitcoins to continue towards the withdrawal structure. Determine the measure of BTC you with to escape the trade and give your wallet address. Snap "Survey Withdrawal" and check the data. When you are fulfilled, click "Affirm" to end the procedure. Your coins will show up inside 24 hours to your ideal area.
Pull back BTC from Gemini
Instructions to Order BTC with Credit/Debit Card at Gemini
As with PayPal, it is preposterous to expect to buy bitcoins with the assistance of credit or charge cards at Gemini, since the choice isn't accessible right now. Stay aware of trade's news and declarations as the CC/DC choice may open up later on.
Gemini Mobile App
Portable stages are yet to be created by Gemini, implying that exchange is accessible on perusing stage as it were. Watch out for the declaration, as the organization may make the push towards telephone exchange not so distant future.
Purchase BTC just on Gemini perusing stage
Gemini Analogs
Aside from Gemini, we at BitcoinBestBuy have checked on numerous different stages that can assist you with getting bitcoins effectively and securely. They all change regarding local accessibility, expenses, buy strategies and confirmation necessities, so make a point to check different articles also.
Get BTC at digital money stages
Coinbase Exchange Review
Being one of the biggest BTC exchanging stages the world, we made a survey of their charges, store choices and other important data with respect to the trade. We have likewise given bit by bit controls on the best way to buy and pull back assets and coins from Coinbase.
Coinbase survey
Full Review Coinbase Bitcoin Gemini Exchange
Find out About Kraken
Kraken is another trade that offers bitcoins through bank moves and its administrations are all inclusive accessible. We made a survey of Kraken's advantages and disadvantages, giving our customers a diagram of the trade as far as expenses the organization charges, check prerequisites and buy procedures of the stage.
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r/Bitcoin recap - March 2018

Hi Bitcoiners!
I’m back with the fifteenth monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
And a lot has happened. It's easy to forget with so much focus on the price. Take a moment and scroll through the list below. You'll find an incredibly eventful month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in March 2018
submitted by SamWouters to Bitcoin [link] [comments]

Top 10 Richest People in the World, in Bitcoin

Bitcoin has been given the nickname “digital gold”. This is because of its characteristic as a store of wealth. Many big investors are resorting to Bitcoin as a good place to put their money. The reason for this is not just because it can be sustained, but also because of the high tendency of appreciation in value. Here we shall be considering the top 10 richest people in the world, in Bitcoin.
We will take a look at their net worth, and how much that amounts to in Bitcoin. We will also consider their primary business and a little bit of their history. How they started out in the Bitcoin ecosystem and what they have achieved so far will also enable us to understand more about them.
So, here is a list of the top 10 richest people in the world, in Bitcoin.
10. Matthew Roszark
Matthew Roszark is the founder of Tally Capital, and co-founder of Bloq. Roszark is widely known as the man who gave Richard Branson and Bill Clinton their first Bitcoins. Roszark made it early into the Bitcoin space and participated in the very first ICO in 2013. Although that wasn’t what it was called at the time.
Roszark has investments in 20 startups in the cryptocurrency ecosystem, some of which have gone ahead to do great things. Some of the startups that he invested in include Coinbase, Kraken and BTCC.
Roszark’s net worth is $1 billion, which amounts to 102,712.94 BTC (at the time of writing).
  1. Anthony Di Iorio
Anthony Di lorio is the founder of Jaxx and Decentral, and co-founder at Ethereum. Having studied a bit of economics and trying to find out the true essence of money after the recession of early 2000, Di lorio discovered Bitcoin and decided to explore. He started a Toronto Bitcoin-meetup, where he met his eventual co-founder of Ethereum, Vitalik Buterin.
Di lorio contributed his personal funds towards the coding of Ethereum, and has since been involved in a number of other crypto assets. Some of them include Qtum, VeChain and ZCash.
Di lorio is a serial investor who commits to projects at an early stage, then after levelling up, he pulls his funds and moves on to something new. His net worth of $1 billion is the equivalent of 102,712.93 BTC.
  1. Michael Novogratz
This CEO of Galaxy Digital is also popular in the field of macro hedge fund management. Novogratz started investing in cryptocurrencies in 2013 and two years later he left his position at Fortress Investment Group to focus on crypto.
In the cryptocurrency industry, Novogratz is known as a seasoned trader who believes that the crypto market as it is today is a bubble. According to him, his aim is to make as much money as possible from the bubble before it bursts.
Novogratz is worth $1 billion which is the equivalent of 102,712.92 BTC
  1. Cameron and Tyler Winklevoss
The Winklevoss twins arrived in the face of the public through the controversial law suit against Facebook for intellectual property theft. They eventually won the case and were paid $11 million in compensation.
With many Silicon Valley startups not wanting to get into Facebook’s black book, the twins seemed to not have where to invest their money. They were introduced to Bitcoin by Brooklyn-based investor David Azar in 2012, and found their new investment ecosystem.
Over the years, the astronomic rise in Bitcoin price has turned their $11 million investment to a $1 billion portfolio of 102,712.91 BTC.
  1. Matthew Mellon
Matthew Mellon’s money started as old money which he inherited from family sources. However, through his “crazy” investment approach, he has been able to build a fortune out of his family inheritance.
Having bought into Bitcoin some years ago, Mellon abandoned his early investments and sold his Bitcoins at some point. His attachment with the banking industry and the XRP feasibility attracted him to the coin.
Mellon spent $2 million to acquire XRP tokens a few years back. That investment has grown to $1 billion, in the equivalence of 102,712.90 BTC.
  1. Zhao Chaopeng
Zhao Chaopeng popularly known as CZ, is the founder of cryptocurrency exchange, Binance. Within one year of its launch, Binance became the largest cryptocurrency exchange in terms of volume.
The platform’s tokens were sold at a price of 10 cents during its ICO. At the time of writing, the price of the coin has risen to over $27 and CZ owns a huge volume of the coins.
In 2014, CZ sold his house in Shanghai, which was practically all he had, to go all out into Bitcoin. Today, his net worth is $1.3 billion, which is equivalent to 133,523.65 BTC.
  1. Brian Armstrong
Brian Armstrong is the CEO of Coinbase, the largest cryptocurrency exchange in America. Coinbase was founded in 2012, and is the most patronized cryptocurrency exchange in the US. The exchange has also expanded, and is now available in many countries of the world.
In 2018, the exchange embarked on a financing round that saw it raise $300 million, and the company is now valued at $8 billion.
Armstrong’s net worth stands at $1.3 billion, with equates to 133,523.64 BTC.
  1. Jihan Wu
Johan Wu is the co-founder of Bitmain, a China-based Bitcoin mining giant. Together with Micree Zhan Ketuan, they have grown Bitmain to become a household name in the industry, and the main supplier of ASIC-chip miners. Wu is also popular for his open support of Bitcoin Cash.
Wu is estimated to be worth up to $1.5 billion, which translates in Bitcoin to 154,065.75 BTC.
  1. Chris Larsen
Chris Larsen is the co-founder of Ripple, a company which was founded in 2012 with Jed McCaleb, the founder of Mt Gox.
Larsen is regarded as a self-made billionaire, with the bulk of his wealth coming from cryptocurrency enterprises. Ripple boasts many top end customers in its portfolio. Among the list includes Bank of America, Santander and Mitsubishi Financial.
Larsen’s net worth is estimated at $1.5 billion, which is equivalent to 154,065.74 BTC.
  1. Micree Zhan Ketuan
Zhan is the co-founder of Bitmain technologies. Bitmain is regarded as the biggest Bitcoin mining company in China. The company is also known to specialize in the sale of ASIC-chip miners.
Zhan is an electrical engineer by training and is the builder of the ASIC chips on the Bitmain hardware. He is an acclaimed self-made billionaire whose source of wealth is the manufacturing and sales of cryptocurrency mining chips.
Zhan’s net worth is estimated at $2.7 billion, which when converted to Bitcoin is 215,692.05 BTC.
Conclusion
The dominant investment industry concept is evolutionary. At different eras of existence, different industries have produced different money magnates. Serial investors at the same time have found ways of aligning with the prevailing markets as the times change.
With the advent of Bitcoin and blockchain technology, the digital assets ecosystem appears to be making a strong statement in the wealth sector. The number of self made billionaires within this sector is a testimony to the impact of this concept in today’s world.
The top 10 richest people in the world, in Bitcoin, parades some names that can stand side-by-side with money magnates of traditional industries. With more developments likely to emerge in the crypto ecosystem, it will not be surprising to see the number of crypto-made billionaire skyrocket in the near future.
https://medium.com/@4kingsocials/top-10-richest-people-in-the-world-in-bitcoin-94183268189b
submitted by OliAustin101 to CryptoNewsandTalk [link] [comments]

Who is the richest Bitcoin owner?

Technically, Bitcoin was worth less than 10 cents per bitcoin upon its inception in 2009. The cryptocurrency has risen steadily since then and is now worth around $6000 per Bitcoin. This is the most remarkable appreciation of the value and has created many millionaires over the last eight years.
Here are the top ten people/institutions that held a large amount of Bitcoins over time:
1. Satoshi Nakamoto
The creator of Bitcoin, who hides behind the moniker Satoshi Nakamoto, remains the major holder of bitcoins. The number of bitcoins that Nakamoto owns today is estimated at around 1.1 million, based on the early mining that he did. This is the equivalent of about $6 billion at today’s exchange rate of 1BTC to 6,098 USD. At least Nakamoto has never touched most of his bitcoins, and neither converted them into real-world currencies nor used them for any other purpose. If he were to sell his entire stash, the value of Bitcoin could plummet in an instant.
2. Bulgaria
Bulgaria is currently sitting on one of the biggest stashes of Bitcoin in the world. How did the European nation come into the possession of this enormous sum of money? A crackdown on organized crime by the Bulgarian law enforcement in May 2017 resulted in the seizure of a stash of 213,519 Bitcoins, enough to pay off a quarter of the country’s national debt.
According to Bulgarian authorities, the criminals used their technical prowess to circumvent taxes. As of June 2018, the virtual coins would be worth more than $1.2 billion. The Bulgarian government has declined to comment on the status of the coins.
3. BitFinex
BitFinex, a crypto exchange, has one of the largest bitcoin wallets with 163,133.38 BTC that are worth approximately $1 billion at the current price of $6,098.24 per bitcoin. The coins are believed to be kept in a cold wallet to protect them from cyber hacks, unauthorized access and other vulnerabilities that a system connected to the internet is prone to.
4. The FBI
The FBI is one of the largest renowned holders of Bitcoin. In September 2013, they brought down Silk Road, the infamous dark web drug bazaar, and seized 144,000 Bitcoin owned by the site’s operator Ross Ulbricht, better known as, “Dread Pirate Roberts”. Ulbricht made critical blunders that allowed investigators to locate the site and link him to it. Users of Silk Road are said to have traded around 9.5 million bitcoins since Ulbricht launched the site in 2011. Even thought the FBI sold a large amount of their Bitcoin holdings or even all, the FBI worth mentioned as they had a fortune in Bitcoin at some point. A large portion of the Bitcoins seized and sold went to Barry Silbert.
5. The Winklevoss Twins
Tyler Winklevoss and Cameron Winklevoss were among the first Bitcoin billionaires. The duo had first gained popularity when they sued the Facebook C.E.O. Mark Zuckerberg for allegedly stealing the idea of creating Facebook from them. They were contacted by Zuckerberg to develop the ConnectU site, which was to become Facebook later on.
They used $11 million of the $65 million cash compensation they received from the legal dispute with Zuckerberg to purchase 1.5 million Bitcoins in 2013. Back then, one Bitcoin traded at $120. That investment has increased more than 20000% since then.
The twins allegedly own around 1 percent of all Bitcoin in circulation. Their combined net worth is approximately 400 million. They created the Windex, funded several bitcoin-related ventures and invested $1.5 million in BitInstant.
6. Garvin Andresen
Although bitcoin is the brainchild of Satoshi Nakamoto, Garvin Andresen is credited as the person who made it what it is today. Garvin is one of the people who has been suspected to be Satoshi, a claim he denies. Rather, he says that he had a close relationship with the anonymous cryptographer for many years. The real Satoshi Nakamoto picked him as his successor in late 2010. Garvin became the chief developer of the open source code that determines how Bitcoin operates – and whether it can survive. He was once paid over $200,000 in Bitcoin by the Bitcoin Foundation for his contributions. He had already cashed out multiple times.
7. Roger Ver
Roger Ver, otherwise known as Bitcoin Jesus, is one of the first Bitcoin billionaires and believed to hold or held at least 100,000 bitcoins. The renowned libertarian allegedly dropped out of college to focus on his bitcoin-related projects. Unlike other crypto billionaires out there who are throwing their cash in the typical private Islands or luxury jets, Ver’s dream is to establish his own libertarian nation where every individual is the absolute owner of their own life and are free to do whatever they wish with their person or property. The controversial bitcoin evangelist renounced his U.S. citizenship in 2014 and relocated permanently to a small Caribbean Island.
8. Barry Silbert
Silbert is a venture capitalist and founder of Digital Currency Group. He was an early adopter of Bitcoin. He purportedly walked away with an eye-watering 48,000 Bitcoins in an auction held by the U.S. Marshals Service in 2014. The US government had confiscated much of the crypto coins from Ross Ulbricht, the alleged operator of the dark web marketplace for drugs and other illegal products. Bitcoin was then worth $350, which means Silbert’s coins have skyrocketed in value from $16.8 million to $288 million.
9. Charlie Shrem
Charlie Shrem is no doubt one of the most controversial Bitcoin millionaires. He invested in a large quantity of Bitcoin in the early days of the cryptocurrency. Shrem was also an active member of the Bitcoin Foundation and founded BitInstant when he was just 22 years old. By the end of December 2014, Shrem had been found guilty of money laundering and received a two-year prison sentence. After his release from federal custody, he unveiled a startup called Intellisys Capital, a company that sells investment portfolios in blockchain companies.
10. Tony Gallippi
A famous business magnate Tony Gallippi is also believed to be one of the big holders of bitcoins. He is the brain behind BitPay, one of the most popular Bitcoin payment service providers in the world. The company was launched in May 2011 and processes over one million dollars per day. Bitpay is also one of the companies to sign contracts with major companies including Microsoft, Dell, TigerDirect, and Newegg. By 2014, the company had employed approximately 100 people.
Conclusion
It is estimated that the top 1000 bitcoin addresses own approximately 35% of the total bitcoin in circulation. There are also thousands of individuals who hold large stashes of bitcoin but have chosen to remain anonymous.
submitted by alifkhalil469 to BtcNewz [link] [comments]

Top 10 Richest People in the World, in Bitcoin

Bitcoin has been given the nickname “digital gold”. This is because of its characteristic as a store of wealth. Many big investors are resorting to Bitcoin as a good place to put their money. The reason for this is not just because it can be sustained, but also because of the high tendency of appreciation in value. Here we shall be considering the top 10 richest people in the world, in Bitcoin.
We will take a look at their net worth, and how much that amounts to in Bitcoin. We will also consider their primary business and a little bit of their history. How they started out in the Bitcoin ecosystem and what they have achieved so far will also enable us to understand more about them.
So, here is a list of the top 10 richest people in the world, in Bitcoin.
10. Matthew Roszark
Matthew Roszark is the founder of Tally Capital, and co-founder of Bloq. Roszark is widely known as the man who gave Richard Branson and Bill Clinton their first Bitcoins. Roszark made it early into the Bitcoin space and participated in the very first ICO in 2013. Although that wasn’t what it was called at the time.
Roszark has investments in 20 startups in the cryptocurrency ecosystem, some of which have gone ahead to do great things. Some of the startups that he invested in include Coinbase, Kraken and BTCC.
Roszark’s net worth is $1 billion, which amounts to 102,712.94 BTC (at the time of writing).
  1. Anthony Di Iorio
Anthony Di lorio is the founder of Jaxx and Decentral, and co-founder at Ethereum. Having studied a bit of economics and trying to find out the true essence of money after the recession of early 2000, Di lorio discovered Bitcoin and decided to explore. He started a Toronto Bitcoin-meetup, where he met his eventual co-founder of Ethereum, Vitalik Buterin.
Di lorio contributed his personal funds towards the coding of Ethereum, and has since been involved in a number of other crypto assets. Some of them include Qtum, VeChain and ZCash.
Di lorio is a serial investor who commits to projects at an early stage, then after levelling up, he pulls his funds and moves on to something new. His net worth of $1 billion is the equivalent of 102,712.93 BTC.
  1. Michael Novogratz
This CEO of Galaxy Digital is also popular in the field of macro hedge fund management. Novogratz started investing in cryptocurrencies in 2013 and two years later he left his position at Fortress Investment Group to focus on crypto.
In the cryptocurrency industry, Novogratz is known as a seasoned trader who believes that the crypto market as it is today is a bubble. According to him, his aim is to make as much money as possible from the bubble before it bursts.
Novogratz is worth $1 billion which is the equivalent of 102,712.92 BTC
  1. Cameron and Tyler Winklevoss
The Winklevoss twins arrived in the face of the public through the controversial law suit against Facebook for intellectual property theft. They eventually won the case and were paid $11 million in compensation.
With many Silicon Valley startups not wanting to get into Facebook’s black book, the twins seemed to not have where to invest their money. They were introduced to Bitcoin by Brooklyn-based investor David Azar in 2012, and found their new investment ecosystem.
Over the years, the astronomic rise in Bitcoin price has turned their $11 million investment to a $1 billion portfolio of 102,712.91 BTC.
  1. Matthew Mellon
Matthew Mellon’s money started as old money which he inherited from family sources. However, through his “crazy” investment approach, he has been able to build a fortune out of his family inheritance.
Having bought into Bitcoin some years ago, Mellon abandoned his early investments and sold his Bitcoins at some point. His attachment with the banking industry and the XRP feasibility attracted him to the coin.
Mellon spent $2 million to acquire XRP tokens a few years back. That investment has grown to $1 billion, in the equivalence of 102,712.90 BTC.
  1. Zhao Chaopeng
Zhao Chaopeng popularly known as CZ, is the founder of cryptocurrency exchange, Binance. Within one year of its launch, Binance became the largest cryptocurrency exchange in terms of volume.
The platform’s tokens were sold at a price of 10 cents during its ICO. At the time of writing, the price of the coin has risen to over $27 and CZ owns a huge volume of the coins.
In 2014, CZ sold his house in Shanghai, which was practically all he had, to go all out into Bitcoin. Today, his net worth is $1.3 billion, which is equivalent to 133,523.65 BTC.
  1. Brian Armstrong
Brian Armstrong is the CEO of Coinbase, the largest cryptocurrency exchange in America. Coinbase was founded in 2012, and is the most patronized cryptocurrency exchange in the US. The exchange has also expanded, and is now available in many countries of the world.
In 2018, the exchange embarked on a financing round that saw it raise $300 million, and the company is now valued at $8 billion.
Armstrong’s net worth stands at $1.3 billion, with equates to 133,523.64 BTC.
  1. Jihan Wu
Johan Wu is the co-founder of Bitmain, a China-based Bitcoin mining giant. Together with Micree Zhan Ketuan, they have grown Bitmain to become a household name in the industry, and the main supplier of ASIC-chip miners. Wu is also popular for his open support of Bitcoin Cash.
Wu is estimated to be worth up to $1.5 billion, which translates in Bitcoin to 154,065.75 BTC.
  1. Chris Larsen
Chris Larsen is the co-founder of Ripple, a company which was founded in 2012 with Jed McCaleb, the founder of Mt Gox.
Larsen is regarded as a self-made billionaire, with the bulk of his wealth coming from cryptocurrency enterprises. Ripple boasts many top end customers in its portfolio. Among the list includes Bank of America, Santander and Mitsubishi Financial.
Larsen’s net worth is estimated at $1.5 billion, which is equivalent to 154,065.74 BTC.
  1. Micree Zhan Ketuan
Zhan is the co-founder of Bitmain technologies. Bitmain is regarded as the biggest Bitcoin mining company in China. The company is also known to specialize in the sale of ASIC-chip miners.
Zhan is an electrical engineer by training and is the builder of the ASIC chips on the Bitmain hardware. He is an acclaimed self-made billionaire whose source of wealth is the manufacturing and sales of cryptocurrency mining chips.
Zhan’s net worth is estimated at $2.7 billion, which when converted to Bitcoin is 215,692.05 BTC.
Conclusion
The dominant investment industry concept is evolutionary. At different eras of existence, different industries have produced different money magnates. Serial investors at the same time have found ways of aligning with the prevailing markets as the times change.
With the advent of Bitcoin and blockchain technology, the digital assets ecosystem appears to be making a strong statement in the wealth sector. The number of self made billionaires within this sector is a testimony to the impact of this concept in today’s world.
The top 10 richest people in the world, in Bitcoin, parades some names that can stand side-by-side with money magnates of traditional industries. With more developments likely to emerge in the crypto ecosystem, it will not be surprising to see the number of crypto-made billionaire skyrocket in the near future.
https://medium.com/@4kingsocials/top-10-richest-people-in-the-world-in-bitcoin-94183268189b
submitted by OliAustin101 to CryptocurrencyToday [link] [comments]

Possible Counterarguments to XRP's Value Proposition

Considering going long XRP, but all the $589 phoenix conspiracy theory bulls*** makes it seem too obvious and thus too good to be true. There is information for the masses and information for the classes, if we know about it, the 1% and smart money is already invested. Therefore, I'm looking for possible flaws in my existing investment thesis. Here are 4 possible counterarguments to the value proposition of XRP. Please correct me if I'm wrong and leave your CONSTRUCTIVE thoughts below.
*Ripple owns 60% of all XRP and when they distribute more XRP into the world in places like India, they are in effect creating a larger circulating supply by releasing coins which were previously in an escrow account. If they release coins at a faster rate than can be adopted would this drastically decrease price? If Ripple cashes out their XRP overtime to increase global usage will it be beneficial to only Ripple Labs, but not to XRP HODLERS longterm? Could this be why Ripple wants to legally separate themselves from XRP because it is not a security?
*Since the network fees are paid through 'burning' XRPs, they essentially enrich everyone in proportion to the amount of XRPs they hold (if 1% of the tokens got burned, the remaining tokens would be worth about 1% more provided the market doesn't change). This means Ripple Labs is essentially earning 60% of all network fees on the network. This probably doesn't amount to much at the current time, but it may be more important in the future.
*Ripple plans on integrating all of RippleNets software products (xVia, xCurrent and xRapid) into one convenient solution known as Convergence. Does convergence require the use of XRP? or could something better replace it down the line?
*Large players who got into bitcoin and ethereum early on ie (winklevoss twins, brian armstrong among others) dont want to see XRP succeed and overtake ethereum or bitcoins market cap position. Some speculate this is the reason why XRP has not been listed on Coinbase. There are whales who have substantial economic incentives in opposition to XRP.
submitted by creichel710 to XRP [link] [comments]

[Table] IAmA: Hey, Alex Winter of Bill & Ted here. Directing a new movie called "Deep Web: The Untold Story of Bitcoin and Silk Road." Ask me anything!

Verified? (This bot cannot verify AMAs just yet)
Date: 2013-11-25
Link to submission (Has self-text)
Questions Answers
As someone who creates content, do you think there's a solution for middle class content creators? It seems that they're the most hurt by piracy, yet free-culture proponents almost exclusively focus on large corporations. Kickstarter, Indie Go-Go, and their brethren aren't picking up that slack- tales of success seem to be the outliers, and many of the poster-children (Radiohead, Amanda Palmer, etc.) rely on past success and marketing dollars. So, will this pick up, and will there be a middle class of creators? Or are we now living in a world of (sometimes skilled, but still) amateurs? This is a smart question and demands a much longer answer than i can give here. but the short of it in my opinion is that it's a misunderstanding to assume it's harder for 'middle class artists' in this climate. it's always been very very hard. there have always been obstacles and gatekeepers. the digital landscape has opened many many doors and closed some doors. it's in many ways easier, but you still need that magic combo of talent, tenacity and luck.
Man I'm sorry but I've gotta ask...what happened to you man? Why did Keanu make it out and why did you disappear into obscurity? Haha. not an offensive question at all. I quit acting professionally in 94, after Freaked to focus on writing and directing. I'd been acting professionally since I was 10 years old and I wanted out of the public eye. It's really only been in the last couple of years that i've intentionally been slipping back in front of the camera. But I think it's important for child actors to spend time away from constant exposure. I tell a lot of kids this in that field.
Be honest…has Keanu admitted his immortality to you? I could tell you but then I'd have to kill you. And then he would drink your blood and live for another millenia...
Did you buy any Bitcoins before they blew up in value recently? Haha, I did not. The Winklevoss twins got them all :)
Since George Carlin has died, will there be some new character coming in to replace Rufus in helping the Wyld Stallyns? We've spent a lot of time and thought on making this work. all i can say right now :)
On a scale of 1 to 10, how likely is it that B&T 3 will be financed and actually get made? I'd say 10 but it's Hollywood... so 9.9?
Did you ever use the SR before it went down? I honestly did not. I am a dull family man and most of what i need to purchase online can be found in the toddler section of Amazon :)
Your stepmom is cute. Remember when she was a senior and you were a freshman? Do You get BnT references constantly and do they annoy you? No, thankfully I like the movies a lot. I have some friends who acted in movies that they can't shake that they hated. that is an existential nightmare from which one can never awaken!
Thanks for doing this AMA, and for being part of one of my all-time favorite films. You've been quoted as saying "[Bill and Ted] was a happy accident. No one thought it would ever see the light of day." Could you expand on that? Both BnT movies were made independently. The first one was really low budget and kind of under the radar when we made it. then it sat on a shelf for a year after being made, when the producing company went belly up. So we kind of gave up on it. Then it was bought up and released and was a big hit :)
What was it like working with Mr. T? Is his public persona accurate as to who he really is? It is! Exactly! He's a really great person, into community outreach and helping people. A wonderful guy.
When will we have a new Bill and Ted to watch any plot details You can share? What got You so interested in Bitcoin? Also, Thank You for being so Excellent! Party On! I first got interested in Bitcoin in '09, when it magically appeared out of the ether. Much like Napster appeared out of nowhere 10 years prior. I recognized that Bitcoin felt like the next big thing to come out of peer-to-peer.
What can I do to get into the Bitcoin World. I don't know much about it. Start at blockchain.info. that will lead the way.
Do you think the Tor network is forever tainted due to the Silk Road takedown, or does it still remain a viable method of obtaining true anonymity on the Internet? Absolutely not. SR accounts for a tiny fraction of TOR use and is not going to impact Bitcoin much either in the long run. As Wozniak so perfectly put it, you don't shut down the whole highway when one car is speeding.
What was the funnest thing about making The Lost Boys? Having dirt kicked into my eyes by the two Coreys in my death scene. Actually it wasn't funny at the time; i had full eye contacts in and my cornea got scratched. had to go the hospital. Loved those guys tho...
Any cool memorabilia you kept from Bill and Ted? I had my evil robot head from BnT 2, but it eventually rotted. I used it as a doorstep. My kids loved it :)
What motivated you to be one of the first films to educate those about the online blackmarket? why exactly do you need the funding from the kickstarter? Because, like the Napster story, there is a lot of noise but not a lot of context. I think we need some context and our film will be one form of providing that. We are using Kickstarter for some of the funding in order to begin to build our community for the film. We want people's input, the changes occurring through the Web are part of a global movement.
Are you actually going to provide any information we don't already know from all that's been written about this? Is this just a movie version of a bunch of news articles? Our doc is an expansive examination of a movement that began decades ago and is now hitting a peak of global impact. we are interviewing the core players in this story. It's not the kind of thing news articles do in any capacity. join our kickstarter, be part of the process and of the movie's community :)
How did you do research for the script? How did you get a script just a few weeks after SR was busted? It's a documentary :)
Alex, as someone who studied Napster so much for Downloaded, what would Bill & Ted have thought of it: Most Excellent or Non-Triumphant? They would have said 'huh???'
Is a melvin a synonym for wedgie, or a completely different maneuver executed from the front? You answered your own question :))
Is there any fond memory that stands out from making The Lost Boys? Honestly the most fun i ever had 'working'. Joel Schumacher knows how to create an amazing environment to work in. It's one of my fondest memories of my crazy youth! :)
On the kickstarter page, under the "Silk Road" header, the phrase "trading mostly in drugs and weapons" is used. Don't you feel that claiming that weapon sales were a large part of the silk road's operations is misleading? especially since weapon sales were specifically banned from the site shortly after its creation? Certainly the part about mostly trading in drugs is spot on, but also weapons? Come on, that's just untrue. Sorry if that seems misleading. As the Armory only lasted a year. But SR was built for that purpose wherever it ultimately landed.
I don't know if you remember me, but I went to school with your son in LA, me and my brother stayed at your house a few times. Kinda funny how I never got to thank you for being so excellent in Bill and Ted back then, so I figured I'd do it now! Hey Dante! Hope you guys are well!
I suppose I should ask a question, so what drew you to the idea of the deep web? What made you want to make this movie? The Deep Web lies at the heart of the digital revolution, that has impacted every corner of our lives. There are huge changes that have occurred in the last decade, and many more around the corner. Examining the Deep Web in detail allows us to closely examine this revolution and its implications.
Do you think that the high prices that bitcoins are experiencing right now is actually a bad sign, since it indicates instability? Where do you think the value of Bitcoins will ultimately fall once the bubble bursts? No one knows where it will settle. It's not unlike gold in this regard. But once it's been around a bit longer and more people are taking it, the value will increase within that framework but not in such a wild manner. this form of currency is here to stay, of that there is no question.
How did people find silk road online? That always boggled my mind, because I assume it wasn't as easy as googling it haha Did you have to like, "know" someone in the business to gain membership? It's not hard to find these sites, it's just dangerous. don't go hunting for scorpions unless you are prepared to get stung.
So Deep Web... Do you have a script already? Are you dealing with the actual events, or fictionalizing them? If the former, are you worried about having to pay folks for rights? If you have a script, how does it toe the line between being too simplified to please the target demo/actually tell the story and too esoteric for the mass market? It's a feature documentary. please join our kickstarter :)
I don't think the story is too esoteric at all, just as the details of the Napster story weren't. These are universal stories about global communities.
How much about the deep web did you investigate? I have done some looking into it recently and there is some pretty disgusting stuff out there. To be honest I kind of wish I never heard about it. Silk road is only the tip of the iceberg and to me doesnt seem like that big of a deal compared to some of the other stuff out there like the hitmen websites and human dolls for sale etc. What is your take on the rest of it outside of silk road? There is a lot of dark and horrible stuff in the Dark Web. The Deep Web is a much broader world, and in my view needs to be understood as separate from the much smaller Dark Web, and in need of protection.
When did you get into directing? I realize I could easily find this out on IMDB but it's just cooler to ask the source! Hah, thanks for asking! I actually went to NYU film school to study directing before I acted in all the movies. It's always been one of my passions. I started directing professionally in about 86. Shooting music videos and commercials and then our show on MTV, The Idiot Box.
So I'm guessing MTV/Viacom or somesuch own the DVD rights to The Idiot Box? There was a fair amount of comedy from that era of MTV that I'd love to be able to watch again… MTV owns it... why no DVD... yet...
What was it like working with a big star like Larry "bud" Melman? He was awesome of course. RIP.
Wait, does Satoshi = Stations??? Ahhh you cracked the code!!!
Excellent job on Downloaded! I enjoyed remembering a time in the not so distant past when 'regular people' could not envision a world in which their music lived on a computer. Today, regular people cannot envision a world in which their money lives on a computer. I was also surprised to learn about your early connection with the world of MP3s. Could you elaborate on what you think we can learn about Bitcoin based on your experiences with Napster and the MP3 scene in the late 90's? The world is responding to Bitcoin and a new awareness of the Deep Web much like they responded to Napster, with fear and demonizing. Our film aims to put these things in some context.
What made you want to do this documentary? I've been following the story myself and it's certainly one worth following but how did you yourself first get interested in the topic? I have been interested in global web-based communities and emerging technologies since the mid 80's. There is a revolution occurring in global culture at the moment, that will change everything. and it's only just beginning. what's not interesting about that?? :)
I don't have a question but Excellent Adventure made me who I am today. Thank you. Fuck it, uh. Do you agree that Cinnamon Toast Crunch is hands down the best cereal? My kids do. it's evil.
off, I want to thank you for posting my Rasta Eyeball with a machine gun tattoo on your blog. It made getting it completely worth it. I just want to know which of the characters from Freaked is your favourite? Stuey Gluck!!
And your tat is amazing!
Hello there, thanks for doing this! I just wanted to ask if by making a movie that sheds light on the dark web/bitcoins etc. It will shed more light on an area of the web that generally dislikes the attention. In other words could it create a misaprehension of the mission and possible positive effects the darkweb community tries to provide? I think the current media spin has that effect; in that it tends to paint the entire deep web and bitcoins and cryptography with a negative brush. this is both inaccurate and destructive. Our movie does not paint dark things in a positive light, it gives context to the entire arena.
Will the Silk Road be back? Also, can you say hi to my smokin hot babe Sherry? It is back.
Hey Alex, A quick glance at your wikipedia page has made me realise you directed Knock Me Down by RHCP! Did you have much contact with the band? How was it working with them? Thanks for the AMA; Looking forward to B&T3! I love the chili's and have known them for decades. they are still great, but in the mid 80's when I had the fortune of doing some work with them, it is hard to quantify how amazing they were. the best live act on the road, by far!!
So when are you planning to bless the world with Bill & Ted 3? Soon as we get it up and running!
If you could star in any movie from any time, what movie would it be and what role would you have and why? Buster Keaton in anything probably. No one in the movies ever had a better time.
So what is the "untold" story of Bitcoin/Silk road? Isn't most of it public knowledge by now? Or we'll we have to wait and see the movie? You don't have to wait if you join our Kickstarter and become part of the making of the movie! It is hardly public knowledge as no one has framed this story up yet in one film, and the story itself is unfolding every day. :)
What was the most surprising thing you found out about the Silk Road? That's in the movie :)
Hey Alex, What will Deep Web be like? Sort of a CNN special or does it have a bigger ambition, i.e. are you making it on a scale for wide distribution in movie theaters? If the latter, what documentaries would you compare it to in terms of style and storytelling? Our doc has a broader ambition than reportage. We are making a film about a technological revolution that has been brewing for decades.
Hm, don't know you but this does sound interesting. When can we expect this movie to come out? Anything interesting about these topics you learned? Every day I learn something new and fascinating. We hope to finish within the next year. Join our kickstarter and be part of our community :)
What ''good'' is there in the deep web? I only hear stories about horrific things like drugs, black market stuff, assassins, etc. Also, were you fortunate enough to had invested in bitcoin in it's early stages? The Deep Web is being demonized somewhat in the press, which is a misunderstanding of what it is. DW represents all content on the web that is not indexed. this doesn't mean people are doing bad things. it means they are unseen. the Dark Web is a term that has come to characterize people who use the web for illicit means. the dark web represents a fraction of the Deep Web.
On your Kickstarter campaign, you say, "Bitcoin has the potential to create a level of global disruption that will make Napster look like child's play." Can you expand on that? BitCoin is a peer to peer crypto-currency. Like any peer to peer technology it is decentralized and operated by a wide user base spread across the net. As such it is here to stay, and being an unregulated currency that exists outside the control of banks and governments, it is poised to have a massive impact on the world. That's what I mean :)
Why are you focusing on the darker side of the deep web instead of the good side? Its virtues clearly outweigh the illegal stuff. As someone who appreciates the privacy benefits of Bitcoin, TOR and the Deep Web, I am concerned about the public's disproportionate focus on its negative and illegal uses. Do you plan to address this bias at all? Question 1: I am absolutely not only focusing on the dark side of the Deep Web. In fact one of my key points is that the Deep Web is misrepresented, and inaccurately represented. It is mostly just a reference to all the content on the web that is not indexed. Most of which is not dark and a lot of which is frankly boring private data :)
Are you accepting Bitcoin for the financing of this film? If not, why not? Again, thanks for doing this, but I am concerned that your focus on the negative side of TOR will continue to twist the public's perception in the wrong direction. 2: We will absolutely be accepting BTC for the movie. But Kickstarter does not accept BTC so we are doing that separately. Stay tuned!
3: Yes the bias is a big problem and we will debunk the myths, just as I did with Downloaded. People like to hold onto their preconceptions tho, so I have no illusions about turning the world around :) A lot of people loved my Napster movie, but there were many in the mainstream press who were outraged that I didn't spend more time castigating the Napster architects for being thieves who created piracy software, when clearly that is not the truth, just the well-spun myth. but myths die hard.
How concerned are you with getting all the details right? You plan to talk about things happening in the more obscure and less legal parts of the Internet. The people who use those parts of the Internet are often pretty knowledgeable about the fine technical details, and are annoyed when people get them wrong. Even the term "Deep Web" has a whiff of "Information Superhighway" or "Series of Tubes" about it. Aside from just wanting to get the details right for the sake of having an informative and accurate documentary, are you concerned at all with upsetting the wrong kinds of people by doing this? After all, the guy behind Silk Road is rumoured to have tried(?) to have people killed. Our film isn't a Silk Road movie but an exploration of the history and evolution of the Deep Web, as told by its architects. That is the story that I believe matters most :)
Are you covering other crypto currencies? Also, I didn't think porn hid on the internet. I am yes. This movie is largely about the crypto-revolution.
What are your thoughts on the rather dubious "hired a hitman" charges against DPR (Ross Ulbricht)? Do you think law enforcement used parallel construction to identify the SR server or otherwise make the case against SDPR? Looking forward to this documentary, and I'm a huge fan of Bill and Ted! It's a really fascinating case that is unfolding and changing constantly. No one knows the full story at the moment outside of the Feds, and I'm sure they're chasing some crazy leads trying to iron it all out!
Hey Alex I was just wondering if you used Silk Road for movie research and what the movie is gonna be about? The site used to pride themselves on anonymity so is it a lot of speculation about what goes on behind the curtain or were you able to actually talk to and interview the people behind the scenes of the website? I didn't use SR for research but am in contact with many people close to the world and story.
Can I donate to the Deep Web movie via Bitcoin? I loved the Napster doc, and am super excited for this one, since judging by your prior work I think it will be very high quality. There was no bitcoin address listed on the kickstarter page! Yes Kickstarter does not allow BitCoin pledges. We will have a BitCoin option soon!
Bitcoin is seen as a "dirty" term by the media as it usually relates to illicit activities, what could make it a more clean and friendly method of payment to Joe Smith who runs a small florist in a mid size town in Washington? Time. people need to get used to crypto-currency. it's here to stay and perfectly legitimate unto itself.
I've always been a fan of Bill and Ted, however this question does not related to your career. You actually grew up next to my Dad (His name is Nick) in St. Louis/Clayton. He said your family loved television, and that he always joked your television might blow up one day. As ridiculous as that sounds apparently it actually happened to you guys one day. So did this actually happen? Is my father a liar? How much television does it take before it explodes? Wow that is some ancient history! Yes when I was five my brother and I got into a fight and someone hit the tv with their body, hard (such is the way of fraternal skirmishes, my bro and I have actually always been super close). We didn't know we had blown some of the electricals inside the TV and the next time it was turned on it exploded into flames (for real!) and burned the whole house down (totally true story!!)
What are your thoughts on other cryptocurrencies like Litecoin? I think it is early days for crypto-currency and eventually one will rule the roost. Whichever proves to be the most stable, trustworthy and provides the best ease of use.
I just hope that it's objective and that it doesn't needlessly throw BitCoin into dis-appeal. I mean, there have been other digital currencies which had been used for drugs, hitmen, child porn, whatever else. Sigh. Just don't slander it, k? <3 I totally agree with you, that's the movie :)
Are you worried about how Deep Web will portray bitcoin? Us bitcoin folks are already rather irritated about how much people make the point that bitcoin is used for illegal things, without pointing out that cash is used for the same thing. Oh we are making very very clear all the legitimate uses for Bitcoin.
Alex, do you think that Satoshi Nakamoto has any sort of link or relationship to Ross Ulbricht? Yes some people have been saying that. There are other people believed to have created Bitcoin that we are talking to.
What are your personal thoughts on the deep web and how it operates? Do you think the bit coin business model is the future of personal commerce? I do yes.
Don't you think it is a little early to start writing a story before the truth is completely released? I've been following the take down since day one and there are still so many things that haven't been answered. Absolutely. Our movie is about the Deep Web, it's not a Silk Road movie.
What do you think about Silk Road 2.0 being open? Inevitable.
Have you been able to get any key actors in Bitcoin, Silk Road etc to go on the record unanonymously? BTW...San Dimas HS football rules! Yes we have :)
I live in San Dimas. Do you know what you've done to me any time I meet people from out of town? Sorry. truly. We didn't shoot there, we shot it in Phoenix, so I never thought about San Dimas one way or the other. Until many years later I made the mistake of taking my kids to the water park there without thinking about it. Very very very VERY big mistake for "Bill" to waltz into a water park in San Dimas...
What do you think George Carlin would have said about Bitcoin and Silk Road? Link to www.youtube.com
Can you please make sure that bitcoin ends up not getting the image of "crack dollars"? I'd like if people didn't associate bitcoins with just silk road. Agree!!
Bill& Ted 3: elaborate please! We have the script and our producing team on board, in finance mode now... :)
What is socrates like in real life. A windbag.
New Idiot Box sketches on YouTube please. Burrowing Bishop, If I Had My Way, etc.etc. I think everything we shot has made its way up there :)
I have yet to ever have a question answered in an AMA, not a question but a simple acknowledgment of my existence would be fantastic. Love BnT BTW. You exist!!!
We demand a sequel to Freaked. That is all. Me too! One day... many many eons from now... it will happen...
Can you give me 3 words that will best describe the movie to me. Join our Kickstarter! :)
Last updated: 2013-11-29 19:11 UTC
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The Winklevoss twins talk Bitcoin futures and fears Bitcoin Will One Day Be Worth 40 Times Price It Is Now ... Winklevoss Twins Become First Bitcoin Billionaires...and More! Bitcoin billionaires: winklevoss twins' $11m bet on digital currency is now worth $1 billion The Winklevoss Brothers: Bitcoin Worth 100 Times More

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The Winklevoss twins talk Bitcoin futures and fears

The Winklevoss twins talk Bitcoin futures and fears - Duration: 9 ... Winklevoss twins become first Bitcoin Billionaire own over $1 Billion Worth Of Bitcoin - Duration: 3:55. CHANNEL ALL IN ONE ... Cameron Winklevoss, co-founder of the Gemini Exchange, says bitcoin will "disrupt gold". » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From 'W... Bitcoin Will One Day Be Worth 40 Times Price It Is Now: Gemini Exchange's Cameron Winklevoss ... The Winklevoss Twins Eat, Sleep, and Breathe Bitcoin - Duration: 18:04. TechCrunch 112,317 views ... Cameron and Tyler Winklevoss—big investors in the digital currency bitcoin—said Tuesday that the value should be worth 100 times more than it's valued today.... Bitcoin billionaires: winklevoss twins' $11m bet on digital currency is now worth $1 billion The twin brothers who sued Mark Zuckerberg claiming he stole the idea for Facebook are worth more th...

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