Marc Andreesen, Investor and Creator of Netscape, Praises Bitcoin in NYT Op-Ed
Flickr/Joi Ito. Marc Andreesen, co-founder of Silicon Valley venture capital firm Andreesen Horowitz, and creator of the first web browser (Netscape Navigator) praised bitcoin in a op-ed piece published Monday in the New York Times. In that piece, titled Why Bitcoin Matters, Andreesen compares the coming of bitcoin to that of personal computers and the Internet, as it were. Inventions that have not only changed our personal lives, but the world. An excerpt: A mysterious new technology emerges, seemingly out of nowhere, but actually the result of two decades of intense research and....
Related News
Opinions on Bitcoin vary, but many venture capitalists are still eager to get in the game despite the admittedly large set of unknown variables. Others, however, like billionaire investor Warren Buffett, argue that Bitcoin is a “mirage” with no intrinsic value and therefore isn’t a viable investment. Many established investors, such as Buffett, feel that Bitcoin is too volatile. Even Bitcoin experts must admit that the Bitcoin exchange rate could drop to zero pending some disastrous bug or exploit being found in the Bitcoin network or any of its supporting cryptographic algorithms. On the....
In a recent interview with CNET, Netscape founder Marc Andreessen shared his viewpoint on Bitcoin, saying that he wished he invented Bitcoin without hesitation. "When we tried to get investors for Netscape, most of them said 'you're out of your mind," Andreessen said. "This is the thing that's most like that of anything I've seen in the last 20 years." Also read: Coinbase Raises $25 Million From Andreessen Horowitz. According to CNET, Andreessen also said that Bitcoin today is like the Internet was in 1993, when it was slow and difficult to access unless you were a master of computer....
Bloomberg Markets magazine interviewed Marc Andreessen at the firm's headquarters in Menlo Park, the Washington Post reports. Marc Andreessen, co-author of Mosaic web browser and co-founder of Netscape Communications, is one of the persons who invented today's Internet. Since Netscape was bought out by America Online (AOL) in 1999, Andreessen has spent his time making other key innovations and investing in technology ventures at his Silicon Valley venture capital firm Andreessen Horowitz. Andreessen's current interest is upending finance as we know it today, with cryptography, Bitcoin and....
Apple Pay is the next big thing that's "freaking out" financial services companies right now, but, in the long term, bitcoin will prove to be the real innovation, Marc Andreessen has said. Andreessen was participating in a fireside chat with Bloomberg West anchor and Studio 1.0 host Emily Chang yesterday in San Francisco on the final day of Salesforce's annual cloud computing conference, Dreamforce 2014. This week marks 20 years since Andreessen created Netscape Navigator. He now sits at the helm of venture capital firm Andreessen Horowitz. With the Netscape anniversary in mind, Andreessen....
Flickr/Joi Ito. Investor Warren Buffett is undoubtedly one of the greatest investors of our time. He's amassed a billionaire fortune throwing money into the right companies, but it's pretty much safe to say he doesn't know very much about technology. In fact, the 83-year-old admits to not using email, and utilizes a FAX machine as one of his primary forms of communication. So when he says bitcoin is a "mirage" and warns people to stay away from it, no doubt bitcoin enthusiasts have taken offense. One of those people is Marc Andreessen, founder of Netscape Communications and partner at....