Crypto Crash Widens a Divide: ‘Those With Money Will End Up Being Fine’
Summary
The billionaire twins, best known for their supporting role in the creation of Facebook, twirled and shimmied across the stage with their new cover band, Mars Junction, at a concert venue outside Denver last week, the latest stop on a coast-to-coast tour. The Winklevosses were moonlighting as rockers just weeks after their $7 billion company, Gemini, which offers a platform for buying and selling digital currencies, laid off 10 percent of its staff. Enthusiasts promote the digital coins — which are exchanged using networks of computers that verify transactions, rather than through a centralized entity like a bank — as a means for people of all backgrounds to achieve transformational wealth outside the traditional finance system. She said that many of the share sales were part of the direct-listing process and that executives “maintain large positions in the company reflecting their commitment.” Last week, about 50 spectators watched them perform at the Gothic Theater in Englewood. A concession stand sold branded merchandise, including hats, T-shirts and tote bags; a portion will go to MusiCares, a charity that helps musicians recover from addiction, according to Tyler’s blog post.
