Why Jay-Z’s Bitcoin Trust Matters

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.....

The Winklevoss Bitcoin Trust, currently moving towards regulatory approval, could be approved by the end of 2014 and will be a Bitcoin exchange-traded fund (ETF), with each share representing an amount of bitcoin held by the Trust. Currently, such an investment vehicle is only available to wealthy investors, through funds like the Bitcoin Investment Trust. The Winklevoss ETF will allow people with a brokerage account to invest in Bitcoin without having to worry about the challenges of buying, storing, and safekeeping bitcoin. Proposed in 2013, the Winklevoss Bitcoin Trust was the first....

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 […]

An intervention by the Central bank of Kazakhstan would help stabilize matters a bit, although it would be quite a challenge to rebuild trust in the Tenge after three iterations of devaluing the currency. Moreover, consumers are not putting their trust in the Central Bank either, as the financial trouble has been putting a lot of negative attention on the financial institution. By the look of things, various central banks in the world are on the verge of issuing their digital currency. Whether or not this approach will put the concept of digital currency on the radar of consumers, remains....

The Bitcoin Investment Trust took a survey of "over 1,000 people from Wall Street to Silicon Valley, [for] their thoughts about bitcoin." The evidence displays a positive correlation between knowledge of Bitcoin and a positive perception of Bitcoin. Of the polled almost half (45%) found out about Bitcoin last year, and 52% claimed to have heard in 2012 or before which I find difficult to believe. Some good news is that once people knew about Bitcoin, 68% of them had positive views and thought it would change the world or solve a real problem, 66% of respondents planned to purchase bitcoins....