Bitcoin proponent Winklevoss brothers: Crypto could be the strongest social network
Gemini Exchange’s founders Cameron and Tyler Winklevoss have remained firm on their belief towards a decentralized economy with Bitcoin and that cryptocurrency is strong and unmoved. In a recent video interview by CNN business, one of the Winklevoss brothers shared that they believe crypto could ultimately be one of the strongest social networks in existence, and also wish to play a role in making this a reality.
The twins are of the opinion that the future of the cryptocurrencies are highly social and may act as a uniting force. The duo explained that their goal in this perceived risky cryptocurrency industry is to provide users and investors with a highly regulated platform that is determined to eliminate at least a portion of the risk that is a part of any market in its nascent stage.
Many crypto purists have argued with this view of the brothers as according to them cryptocurrency is a mean to bypassing and will eventually eliminate any centralized institutions that impose regulatory frameworks.
The brothers elaborated that their “product is trust” and any person who will want to wait into this space can do so with Gemini as it is “the most regulated cryptocurrency exchanging custodian” and it is for people like them. When asked about their take on cryptocurrencies’ future with respect to Facebook, the brothers were of the view:
“Money is the oldest social network and arguably the strongest and crypto is potentially one of the strongest networks of value ever in the world and will continue to do so. So, hopefully, pioneers in that space to some extent.”
The twins are of the opinion that despite people’s doubt, the mission of Gemini is clear and their goal is to allow users to “engage with crypto in a regulated, compliant, trusted way.”
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