Sophia's Blog

Sophia's Blog

Bitcoin Billionaires: A True Story of Genius, Betrayal, and Redemption

FOR BITCOIN TO ESTABLISH ITSELF AS THE CURRENCY OF THE DIGITAL AGE, IT MUST FEND OFF ENEMIES, FOREIGN AND DOMESTIC

While Bitcoin continues to scare financial regulators as it threatens to take power from these established bodies and give people privacy and freedom, it must also carve a good image among the people it depends on to survive.

Within the crypto community, there are two major divergent views on how cryptocurrency should be run. On the one hand, there are venture capitalists who believe digital money must be well regulated and compliant with government laws. The chief advocates of this school of thought are Tyler and Cameron Winklevoss.

On the other side of the divide, there are the libertarians and anarchists who believe that the government should not have control over what people do with their money. Thus, they see Bitcoin as a way to grant true freedom to the people. A chief advocate of this view is Roger Ver, known in the Bitcoin community as “Bitcoin Jesus” because of his proselytizing and the many investments he’d made in the industry.

Bitcoin Billionaires provides a dramatic narration of the story of the struggles Bitcoin had to go through, and how Tyler and Cameron Winklevoss became the first Bitcoin Billionaires as a result of a cascade of events that turned out in their favor. Tyler and Cameron Winklevoss have become leaders of an entirely new digital revolution. Bitcoin and the technology behind it have the capacity to upend the internet.

This summary tells a different story from the book written in 2010, “The Accidental Billionaires: The Founding of Facebook.” Mark Zuckerberg was the revolutionary of that story while the Winklevoss twins represented the “Establishment.” In Bitcoin Billionaires, the twins are the heroes of the story, while Mark Zuckerberg is the Establishment.

Close Bitnami banner
Bitnami