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Andreesen m why bitcoin matters the new york times 2014

andreesen m why bitcoin matters the new york times 2014

never met. Potential problems are analyzed and solutions offered. What technology am I talking about? Bitcoin is a digital bearer instrument. This idea first came to my attention in a news article a few months ago. There are four constituencies that participate in expanding the value of Bitcoin as a consequence of their own self-interested participation.

The Bitcoin coins themselves are simply slots in the ledger, analogous in some ways to seats on a stock exchange, except much more broadly applicable to real world transactions. Any consumer or merchant can trade in and out of Bitcoin and other currencies any time they want. That last part is enormously important. More generally, the.G.P. Bitcoin is a distributed, worldwide, decentralized digital money. Note: Our firm Andreessen Horowitz, has invested just under 50 million in Bitcoin-related start-ups. Well come back to that. Think about the implications for protest movements. This post originally appeared in The New York Times. Today protesters want to get on TV so stellenangebott handel mit bitcoins people learn about their cause.

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