Marc Andreessen on Bitcoin, Its Significance and its Future as a Payment Method

Since early 2013, Andreessen-Horowitz partners have expressed their interest and ethusiasm in Bitcoin. They have invested nearly $50 M in Bitcoin related startups till date. Marc Andreessen recently came out with his views on the vast potential of Bitcoin as a method of payment. He also gave enlightening facts about the virtual currency in a blog post.

Andreessen highlighted again how significant the Bitcoin was as a technological development comparing it to the adoption of personal computers in 1975 and Internet in 1993. Bitcoin at its most fundamental level is a breakthrough in computer science – one that builds on 20 years of research into cryptographic currency, and 40 years of research in cryptography, by thousands of researchers around the world, he says.

Bitcoin gives us, for the first time, a way for one Internet user to transfer a unique piece of digital property to ano ...

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