{"id":18891,"date":"2013-04-17T08:30:24","date_gmt":"2013-04-17T13:30:24","guid":{"rendered":"http:\/\/techcitement.com\/?p=18891"},"modified":"2013-04-17T03:16:43","modified_gmt":"2013-04-17T08:16:43","slug":"what-is-bitcoin-and-why-should-you-care","status":"publish","type":"post","link":"https:\/\/techcitement.com\/culture\/politics\/what-is-bitcoin-and-why-should-you-care\/","title":{"rendered":"What Are Bitcoins And Why Should You Care?"},"content":{"rendered":"
Hey, remember these guys?<\/p>\n
<\/a><\/p>\n No, not those guys. These guys.<\/p>\n <\/a><\/p>\n The Winklevoss twins, most notable for trying to lay claim to much of Facebook’s profit, has invested a lot of money in Bitcoin<\/a>. That may not seem like such a big deal, but Cameron and Tyler Winkelvoss didn\u2019t just lose out on Facebook billions and go back to Olympic rowing like the Double Trouble meatheads they were depicted as in The Social Network. <\/em>(By the way, the two did win $20 million in cash and $200 million in shares from Facebook.) Instead, the twins have been busy investing in startups, most recently in Bitcoin. Over the last year, the Winklevii have been salting millions into this enigmatic virtual currency. A large $11 million, to be precise, as of last week when trading was briefly suspended following a flash crash of about 60 percent. This left a single bitcoin worth $70, and the whole bitcoin market worth over $1 billion.<\/p>\n Lately, bitcoin has been attracting a lot of attention.<\/p>\n