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The extreme volatility on Wednesday cooled a lot of people off, prompting some to call Bitcoin a bubble to be able to burst, and caution everyone about taking it too seriously. However, the New york ny Times reported that higher level investors with regard to the Winklevoss twins committed to Bitcoin.
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JK: I said I wouldn't back again into it unless we had the technical side taken care of, the legal side along with the money behind it. We hired 7 lawyers to execute the legal side, and convinced Miron Cuperman who worked on PCI compliance at Google, to join as the CTO. He was an exceedingly big fan of Bitcoin and he's working for people full time now, he's pretty wonderful. Having him really convinced me it was worth buying. We also raised 400, 000 in seed money and right now most folks are failing to take a salary, so we're working tough on it all.
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