Marc Andreessen, Bitcoin investor, technology visionary, inventor of the web browser. One of the most influential and important people in the internet revolution

Marc Andreessen, Bitcoin investor, technology visionary, inventor of the web browser. One of the most influential and important people in the internet revolution.

One of the leading tech visionaries of our time posts a series of insightful tweets about bitcoin

1/Some thoughts on the state of Bitcoin, cryptocurrencies, and distributed transaction and trust networks at start of 2015!

— Marc Andreessen (@pmarca)

January 5, 2015

5/Same class of critics slamming BTC for price falling in 2014 were slamming BTC for price rising in 2013. Only consistency is the slamming.

— Marc Andreessen (@pmarca)

January 5, 2015

7/BTC was below $14 in Jan 2013. If 1-year performance has been disappointing, 2-year performance has been spectacular.

— Marc Andreessen (@pmarca)

January 5, 2015

9/The second critique I call “smarter”: “BTC is too volatile — it goes up and down too much and so cannot be used as a store of value.”

— Marc Andreessen (@pmarca)

January 5, 2015

11/Bitcoin was specifically designed to use speculation early on to overcome the normal chicken/egg boostrapping problem for new networks.

— Marc Andreessen (@pmarca)

January 5, 2015

13/Now, yes, in the long run, BTC does need to stabilize — which I think will happen with a combo of scale + use of derivatives (hedging).

— Marc Andreessen (@pmarca)

January 5, 2015

15/For example, payment applications of BItcoin don’t require users/merchants to hold BTC for any period of time. All benefits still gained.

— Marc Andreessen (@pmarca)

January 5, 2015

17/Net net, the network boostrapping process is happening pretty much exactly as Satoshi designed and anticipated. It’s a thing of beauty.

— Marc Andreessen (@pmarca)

January 5, 2015

19/I previously identified many uses cases here http://t.co/UHQL5HQQ2O ranging from ecommerce to remittance to micropayments to anti-spam.

— Marc Andreessen (@pmarca)

January 5, 2015

21/At our venture firm, we continue to see an escalating stream of fascinating new Bitcoin uses cases and applications from entrepeneurs.

— Marc Andreessen (@pmarca)

January 5, 2015

23/The price of BTC has very little to do with the level of creativity of thinking that’s going into new Bitcoin apps, or their usefulness.

— Marc Andreessen (@pmarca)

January 5, 2015

25/What to watch in 2015: New apps, new use cases, international adoption, consumer education, technological innovation & spinoff ideas!

— Marc Andreessen (@pmarca)

January 5, 2015