1. Early adopters will need to liquidate some of their positions in order for bitcoin to appreciate. The rate that new coins are mined will not satisfy demand for new entrants. Major holders will have to sell off chunks of their position to newcomers allowing wealth to be more evenly distributed for the sake of the economy. The benefit though is that as new money flows into the economy, the value of each slice becomes much more valuable than it would if newcomers were not able to buy in.

2. A publicly traded trust is a brilliant way to get institutional money in the bitcoin system. Most of us can agree that one of the major issues holding back adoption of bitcoin is the difficulty of investing. Most people are not capable of figuring out all the steps to do it. There are also legal boundaries restricting where money can flow. For example, it is next to impossible right now for 401k and IRA money to invest in bitcoin. By creating a public trust, the Winklevoss are actually paving a path for these kinds of institutional funds to get into bitcoin. This is a win for anyone holding bitcoin.

It is naive to think that the Winklevoss are trying to scam. They are doing exactly what needs to be done to help grow the bitcoin economy. Yes, they will sell off some of their position and make money along the way but so will everyone else.