Cameron and Tyler Winklevoss did an Ask Me Anything session on Reddit following a full-page advertisement in the New York Times.
Some voices in crypto took umbrage with your recent advertising campaign in NY. The slogan read “Gemini: The REGULATED Cryptocurrency Exchange”. Could you explain the reasoning behind it? Does Gemini stand alone in this respect?
Cameron Winklevoss said:
We know we aren’t going to please everyone but the healthiest and most vibrant economies have thoughtful rules to promote positive outcomes. You can’t point to a lawless economy that is thriving.
To be clear, there are exchanges and custodians that subscribe to our principles and it’s encouraging to see that we are not alone in this regard — but for us this is a core focus and something we have worked hard to be thought-leaders in.
Bitcoin Is “Most Likely The Winner”
A user asked “Do you think Bitcoin will allways be Crypto #1?”
To this, Cameron Winklevoss said:
Bitcoin is certainly the OG crypto! It’s hard to defeat network effects — so in terms of ‘hard money’ (i.e., store of value) Bitcoin is most likely the winner in the long term.
This led to unanswered questions about CW’s “definition” of Bitcoin from a Bitcoin Cash proponent, who argued that Bitcoin Cash is now Bitcoin in his view.
Another user asked about the contentious issue of whether or not Bitcoin is a “store of value.”
Isn’t calling Bitcoin a “Store of Value” creating a lot of problems for resolving the bitcoin scalbility issues and thus using it as transfer of value?