As they prepare to launch the first publicly-traded U.S. fund for Bitcoins, the Winklevoss twins—Cameron and Tyler—have introduced the Winklevoss Index ("Winkdex") for pricing the virtual currency.
Winklevosses turn up in Bitcoin turmoil
The identical siblings gained fame for the movie "The Social Network," which depicted their fight with Mark Zuckerberg over the creation and ownership of Facebook.
Just how identical are the brothers is revealed in their Winkdex bio-blurbs.
Reads the blurb for Cameron:
"Cameron Winklevoss is a long-term investor in Bitcoin and other emerging technologies. In 2004, he graduated from Harvard University with an A.B. in Economics. In 2010, Mr. Winklevoss received a Masters of Business Administration from the Saïd Business School at the University of Oxford. Mr. Winklevoss represented the United States at the 2008 Olympic Games in Beijing, China."
Reads the blurb for Tyler:
"Tyler Winklevoss is a long-term investor in Bitcoin and other emerging technologies. In 2004, he graduated from Harvard University with an A.B. in Economics. In 2010, Mr. Winklevoss received a Masters of Business Administration from the Saïd Business School at the University of Oxford. Mr. Winklevoss represented the United States at the 2008 Olympic Games in Beijing, China."
Their announcement of their index has been the source of chuckling on Twitter.
Winklevoss jokes just write themselves: Winkdex? Really? Nitwits.
— Paul Kedrosky (@pkedrosky) February 20, 2014
no the winklevoss index is not the cost of a basket of goods including oars and matching grey suits http://t.co/gSb1p0OuS4
— Matthew Zeitlin (@MattZeitlin) February 19, 2014
Winkdex uses a proprietary formula to create a blended price for Bitcoins denominated in U.S. dollars. According to the Windex site, it is calculated by blending the trading prices for the top three (by volume) qualified Bitcoin Exchanges during the previous two-hour period. It volume-weights those transactions on a proportional basis.
