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I trust my money in E*Trade, Fidelity, etc. far more than I trust it in any BitCoin wallet service.

• nostromo 12y ago
  Your broker will not protect you from buying a bad asset. The real question is if you trust the trust and its management. In other words: do you trust the Winklevosses?
  • jliptzin 12y ago
    I trust myself to securely store my bitcoins more than the Winklevosses
  • deleted 12y ago
    [deleted]
  • jegutman 12y ago
    One time this guy e-mailed them and then had to give up what ended being millions of dollars worth of his company, that's not the sign of people who are trustworthy.
• 7Figures2Commas 12y ago
  Please read the prospectus: > Bitcoins held by the Trust are not subject to FDIC or SIPC protections. > The Trust is not a banking institution or otherwise a member of the Federal Deposit Insurance Corporation (“FDIC”) or Securities Investor Protection Corporation (“SIPC”) and, therefore, deposits held with or assets held by the Trust are not subject to the protections enjoyed by depositors with FDIC or SIPC member institutions. The undivided interests in the Trust’s bitcoins represented by Shares in the Trust are not insured. Also see "Risk Factors Related to the Regulation of the Trust and the Shares." The protections you apparently think you have don't exist.
  • ssharp 12y ago
    I'm not going anywhere near this, just like I'm not going anywhere near any BitCoin wallet service. I realize the underlying assets are subject to some of the same risks as owning BitCoins themselves. The person who said do you trust the Winklevoss's more than the wallet service is on the money.