The twin brothers who sued Facebook founder Mark Zuckerberg have become the first bitcoin billionaires.
Tyler and Cameron Winklevoss attended Harvard with Zuckerberg and claimed he stole the idea for the social media site Facebook from them.
The brothers, who represented the US in rowing at the Beijing Olympics in 2008, settled out of court with Zuckerberg for an undisclosed sum, thought to be around US$95 million (NZ$138m).
Four years ago the pair invested US$11 million (NZ$16m) in the online currency bitcoin the Telegraph reported.
The online currency has surged by over 10,000 percent since then and their stake is worth over US$1 billion.
They are the first investors to publically state they have broken US$1 billion mark from investing in bitcoins.
The brothers are still a long way behind Zuckerberg, who is estimated to be worth around US$70 billion (NZ$101b).
Newshub.
Oh joy! I’m gonna sue Zuckerberg and make a billion dollars, too. Yea!
Row, row, row your boat,
Gently down the stream.
Merrily, merrily, merrily, merrily,
Life is but a dream.
“They are the first investors to publically state they have broken US$1 billion mark from investing in bitcoins.”
Best convert it to gold or silver.
Cyber-currency can vanish at the stroke of a keypad.
Not that I really give a rat’s @ss about your kind anyway.
On second thought… keep it in Bitcoin.
Heck it might as well be toilet paper…read somewhere that all Bitcoin is, is some algorithm invented by some Chinese oligarch or whatever whose company controls the algorithm. Convert to gold for sure, or else.
Copyright and patents…that’s one reason why if you upload a book to Amazon Kindle you better make sure it’s an “Amazon Kindle” version of your book and not the original version, because, while you own the copyright, Bezos will pretend he does–and I don’t think you have the money to sue the bastard.