03 Jul '13, 3pm

Bitcoin sells out | Arwa Mahdawi

If you drew a Venn diagram of anarchists, strippers, and identical twins, one of the few points of intersection would be the digital currency Bitcoin . Famous for not being the face of Facebook, the Winklevoss twins appear to be intent on divesting the currency from its countercultural past and transforming it into a new asset class for investors. This week the Winklevii, as the twins are collectively known, filed proposals with US regulators for a fund that would bring "Bitcoin to Main Street" by making speculation in the currency easier. It seems highly unlikely that regulators will allow the Winklevoss Bitcoin Trust to ever see the light of day. However, the fact that such a fund is even being touted points to the way in which Bitcoin's gradual assimilation into the mainstream is simultaneously divorcing it from its potential to be a truly democratic form of money. Bitc...

Full article: http://www.guardian.co.uk/commentisfree/2013/jul/03/bitco...

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