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Winklevoss Twins Buy Virgin Galactic Space Tickets with Bitcoins

Mar 05, 2014 03:41 PM EST | By Peter R

The latest to book tickets on a Virgin Galactic spacecraft are the Winklevoss twins, Cameron and Tyler, who paid for it with Bitcoins.

"Cameron and I have decided to use our Bitcoin to take the plunge, or rather propulsion, into space.  Why?  Because Bitcoin and Sir Richard Branson's Virgin Galactic are two technologies that meaningfully represent our focus at Winklevoss Capital - the reduction of pain-points and friction in an effort to build a better world," read a post fromTyler Winklevoss on the Winklevoss Capital.

Reuters reported that a ride on Virgin's SpaceShip Two costs $250,000. The flights reach an altitude of 65 miles above Earth, which is enough to give a sub-orbital view of the planet and space.

Likening Branson's space efforts and those of Bitcoin founder Satoshi Nakamoto to the travels of Marco Polo, Christopher Columbus and Vasco Da Gama, Tyler Winklevoss said that these modern-day efforts show the indomitable human spirit.

"Since their inceptions, Bitcoin and Virgin Galactic have been writing the next chapter in our history books.  While one is ushering in a new era of post-currency, entirely ledger-based decentralized financial systems, the other is ringing in a new era of post-aircraft, sub-orbital spacecraft-based travel systems," the post further read.

Reuters also said that the Winklevoss twins, Olympic rowers and MBA graduates from Oxford, were the most-high profile bookings on the space flight. The report also said that the brothers declared they are planning to launch a fund for easy trading of the Bitcoin on the stock market.

"It is in this vein that Cameron and I contemplate our tickets into space - as seed capital supporting a new technology that may forever change the way we travel, purchased with a new technology that may forever change the way we transact," said Winklevoss in his post.

The Winklevoss twins were made famous previously when they accused Facebook founder Mark Zuckerberg for stealing their social networking idea when in college.  

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