Quote:
Originally Posted by Thor
Well now Bitcoins are here to stay, look who claims to have 11 million in bitcoins.
Cameron and Tyler Winklevoss have been many things in a short time: Olympic rowers. Nemeses of Mark Zuckerberg. Characters on “The Simpsons.” Now they can add a new label: bitcoin moguls.
The 31-year-old identical twins have amassed since last summer what appears to be one of the single largest portfolios of the online currency that has caused such a stir in financial and technology circles.
An array of speculators have now bid up the price of the bitcoin to the point where the outstanding supply of the digital money was worth $1.3 billion at last count. The Winklevii — as they are popularly known — say they own nearly 1 percent of that, or some $11 million.
The decision by the brothers to go public with their position signals a new stage for what has been an experimental alternative to national currencies. Created in 2009 by a programmer or programmers known only by a pseudonym, the bitcoin world has been dominated by anonymous programmers and traders.
http://www.huffingtonpost.com/2013/0...n_3063831.html |
Not quite the same thing but starting to sound a bit like the Hunt Brothers trying to corner the silver market in the 1970's-80's. They caught regulators off guard at first, accumulating 77% of the world's supply of silver, but then the rules tightened and were changed, basically targetting them, eventually forcing a collapse and bankruptcy.
Fed Chairman Volker gave approval for a bailout plan for the brothers fearing a financial disaster. A group of banks agreed to loan the brothers 1.1 billion dollars. The family had to put up 8 billion in collateral with the banks. The brother’s older sister, Margaret finally put her foot down after the silver collapse and demanded to know just what Bunker had intended to accomplish? Bunker sheepishly replied, “I was just trying to make some money”.
More on it . . .
http://www.traderslog.com/hunt-brothers-silver/
Cowperson