How to Establish Trust in the Bitcoin Ecosystem
Although there are plenty of advantages in using bitcoin, the sheer number of hacking incidents and security threats on the cryptocurrency arena have made it difficult for people to trust the bitcoin ecosystem. The lack of a monetary authority governing the exchanges and implementing regulations has been blamed as the main factor why bitcoin has failed to kick off in the past years. When bitcoin was created by Satoshi Nakamoto back in 2008, he claimed that this could revolutionize payments in that parties would be able to execute electronic transactions without relying on trust. Bitcoin is....
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In mining we trust. On the side of the US $1 bill it says "In God, we trust". Because money is all about trust. Trust that it's real, trust that it will remain at a similar value for the duration of the transaction at least, trust that the products are represented honestly. In the past trust that the paper was redeemable in gold, and more recently trust that our dollar will be backed by the "full faith and credit of the US Government". And when that trust is lacking society shuts down. To some extent, the crisis of 2008, in the same manner as the one in 1929 was about the lack of trust.....
Injecting an additional US$65m into the ecosystem would push the market cap up a bit. That said, it is possible the Winklevoss twins will use a part of their own Bitcoin stash for this project. The SEC has published a document on the Winklevoss Bitcoin Trust, which is set to issue its own shares to investors. The primary objective of this Trust is to hold Bitcoin, and the initiative is sponsored by Digital Asset Services, LLC. The name Winklevoss has been synonymous with Bitcoin for quite some time now. Tyler and Cameron Winklevoss launched their own Bitcoin exchange, called Gemini,....
As competition heats up amongst Bitcoin ETF providers SolidX and the Winklevoss Twins, another contender emerged to establish an exchange-traded fund based on a digital currency. Recently found company called EtherIndex LLC officially filed with the Securities and Exchange Commission on July 15 to offer the public and conventional investors opportunities to invest in Ether, the underlying currency of smart contract-based decentralized platform known as Ethereum. Similar to existing public digital asset trade and investment tools such as Grayscale Investments’ Bitcoin Investment Trust and....
Three weeks ago, Tyler and Cameron Winklevoss announced the formation of a new trust, Bitcoin Water Trust. A trust whose aim is to bring drinkable water to people who do not have access to it. The Winklevoss twins announced the launch of the trust in Miami earlier this year. The unique model for the trust […]
₿trust has located the founding member for its new cohort designed to locate and educate new developers in the Bitcoin ecosystem, beginning with Africa.