The Winklevoss twins more than ever pounced on Bitcoin. What is the reason?
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Investors, billionaires, and the founders of Gemini Trust Tyler and Cameron Winklevoss raised questions «protection of cryptocurrency wallets». According to the brothers, the security, availability, and the approval of the regulators in relation to asset class directly feed the FUD effect. Bitcoin was designed to solve problems of Central banks, which hold control over client money.
However, after the high-profile Mt. Gox in 2011, it became clear that a centralized exchange, which stores the private keys of its users, is no different from existing banks. 8 years later after breaking into another demon crypts to the surface in the case QuadrigaCX.
The Sudden death of the General Director of the canadian crypto currency exchange resulted in a loss of access to money several thousand users. And all because of Gerald Cotten is really the only one who had the private keys. Earlier it was reported that the wallets crypto currency exchange are about $ 200 million.
On the Friday of the conference South by Southwest in Austin, said Cameron Winklevoss, «the way cryptocurrency is strewn with carrion, they passed it all and learned something». The Winklevoss twins support bitcoin and even started a Foundation Gemini to provide an efficient payment system for a billion people around the world, including off access to banks.
You only need to own a smartphone and have a cryptocurrency wallet. In fact, we are trying to broaden the financial system, so that people can send money anywhere in the world.
At this point, twins, technology around the blockchain and cryptocurrency needs to be carefully designed. They should be able to cope with unforeseen circumstances. The community suggested that the audience should be trained in how to use public and private keys. And do not forget to use where necessary.
This would at least avoid situations like QuadrigaCX. More data to search for .
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