Pass it forward

The financiers sued Facebook founder Mark Zuckerberg years ago, and they endowed their( supposedly) scant payouts wisely

Word: Tyler and Cameron Winklevoss.

Also known as : The Winklevii.

Age : 36 and 36.

Illusion: Handsome, massive, similar.

Because they’re identical twins ? Yup. You might remember them from The Social Network in 2010.

Vaguely. So they’re actors, are they? No. They’re venture capitalists and industrialists. In 2008, they rowed for the US at the Beijing Olympics, finishing sixth. In the cinema, Armie Hammer toy both of them as a kind of two-man captain race. As one of them made it in a memorable wire of talk,” I’m 6ft 5, 220 pounds and there’s two of me .”

Nice. But why make a film about them ? Because they were at Harvard with Mark Zuckerberg, whom they subsequently indicted, claiming he plagiarized their doctrine for a website that they announced Harvard Connection, but which he called the Facebook.( Drastic music .)

And did he? Steal the idea, I want ? Oh, God, that’s just too complicated to get into. The Winklevii propelled innumerable litigations about it, and got about $65 m( PS48m) value of Facebook furnish, which wasn’t much at the time.

Oh, yeah. Sure. These guys perhaps waste $65 m on lunch. In point, they expended $11 m of it on bitcoin, so they’ve possibly praised up a bit.

Bitcoin. There’s a word I don’t understand . It’s a crypto-currency.

There’s another one. Think of it as an electronic token, which can be owned and sold. Like normal fund, it has appraise because other parties consider it valuable. The number of bitcoins in circulation is exclusively controlled by a intelligent fleck of software that nobody can hack, called the blockchain.

Thank you. And the Winklevoss twins like having lots of bitcoins, do they? I’m sure they do at the moment. In March 2013, they bought about 100,000 of them, when each silver was worth roughly $120. After a strong year, and a wild couple of weeks, each bitcoin is now worth … let’s see … $11,826.

Holy moly ! That’s right. Not counting the value of their other speculations, the Winklevoss twins has only just been become the world’s first bitcoin billionaires. Apart from Satoshi Nakamoto, bitcoin’s mysterious founder, of course.

Please don’t justify who he is. Well, there are lots of interesting conjectures …

Do say: ” They’re not billionaires- they’re half a billionaire each !”

Don’t say: ” Just $73 bn to go and they’ll catch up with Zuckerberg .”

Read more: http :// www.theguardian.com/ us