@Techmeme: Q&A with Chris Dixon on a decentralized internet, bitcoin's block size debate, the Ethereum network, Andreessen Horowitz's crypto fund, future investments, more (@kmaney / BREAKER) https://t.co/7cq0kE3JsC https://t.co/MGkT1INqyv
@dealbook: Last year, when Bitcoin and most other virtual currencies were gaining in value, most large venture capital firms began beefing up on expertise in the space and making investments. Andreessen Horowitz was ahead of many of its peers. https://t.co/Oz9zawKAKu
Marc Andreessen - co-author of Mosaic (the first widely used Web browser) & co-founder of Netscape and Andreessen Horowitz (a $2.5 billion venture capital firm that invested in Groupon, Skype, Instagram, etc) - explains in The New York Times why Bitcoin matters (x-post from Bitcoin & Technology)
[Twitter/Clubhouse/News Media?] Silicon Valley v The New York Times: Overpriced Suitcases, Insta Stories, Insular Apps and Bitcoin Bounties
Background: What is Clubhouse? You know all those stories of people interrupting Zoom calls by spamming the link and getting in? What if that, as a business model. It is still in private beta, has only 1500 users and yet somehow venture capitalists have $12 million invested at a $100 milion dollar valuation in this. What is Away? Hardcover suitcases that cost $225 and above. Hipsters seem to like it. "The brand is more than just luggage. It’s about travel." It is treated like a tech company by VCs for some godforsaken reason (it has raised $100 million at a $1.4 billion valuation), and the CEO uses a lot of Lean In rhetoric (female led, inclusive etc.) How New York Times? The New York Times has hired a reporter, Taylor Lorenz, specifically for "Internet Culture" i.e. HobbyDrama reporting. (No, seriously, look at the stories she gets to write. For the NYT!) Pre-Drama Events: In December 2019, an elaborate investigation was posted by The Verge (not the NYT, important) about the toxic work culture at Away, with the CEO, Steph Corey, calling workers brain dead and firing someone based on chat in an internal private Slack channel called #Hot-Topics "filled with LGBTQ folks and people of color" (from article). Korey stepped down as CEO in December, with another CEO to be selected. She came back as co-CEO in January because she 'should not have fallen on the sword.' Course of the Drama: June 30/July 1: On an Instagram AMA, returned co-CEO Korey answered a question about "women being targeted by the media" (I presume the AMA went in that direction) by talking about media having an incentive to clickbait in the social media era that and women (like her) were targeted because women are supposed to be motherly, ambitious women like Hillary are targeted by the media, some millennial women who work in the media forgo their ethics to advance their career because old media ethics are being eroded. The Verge investigation was done by Zoë Schiffer, a “millennial woman.” Incensed by this, Lorenz posts the IG pics on twitter (previous link from her) and speculates that this AMA exists because of a piece on the disgracing of the “girlboss” stereotype. To recap, neither the original story, nor the Atlantic op-ed were written by her. Techbros start sharing the same pics of the AMA as a balanced perspective. Until this point, #bothsides, let them fight, etc. Enter Balaji Srinivasan. Here is a pompous bio. He starts attacking Lorenz (again, not the writer of any of the stories). Lorenz says the guy has been obsessively attacking her for quite some time on Clubhouse gussied up public Webex calls (in tweets after the linked tweet). Then anti-Lorenz sockpuppet accounts start being created to attack her. An elaborate website is linked by the accounts, specifically to attack her. (Click the link, it is deranged as all hell.) Taylor asks Ben Horowitz (of multi-billion dollar Andreessen Horowitz, where Balaji has worked before) to get him to stop. Gets blocked. Then the Andreessen Horowitz batch have a conversation on Clubhouse Discord without texting with Lorenz. After Taylor leaves, (this part leaked to Vice, so you can go listen) Ben Horowitz’ wife, Felicia says that Taylor is playing the “woman card to defend herself.” Balaji implies that she may be “afraid of a brown man.” And then the conversations ascend:
”the entire tech press was complicit in covering up the threat of COVID-19,” relying on the press is “outsourcing your information supply chain to folks who are disaligned with you,” ”Media corporations are not the free press, any more than chain restaurants are food “ “why does press have a right to investigate private companies, let the market decide, I don’t understand who gives them that right” (Note: Probably from another conversation by some CEO)
Also something about Github, VC funding and Blockchains being a better model for journalism. (Bitconeeeect!!) Then Vice reports on it. Tech media rallies around Taylor [retweets on her twitter]. Glenn Greenwald pokes his nose and says otherwise, because Greenwald. VCs support their own (along with MC Hammer?? because he’s also on Clubhouse the conference calls you join “for fun” app? So is Oprah???), with opinions like
And other nuclear fucking takes retweeted by Felicia Horowitz And Balaji? When reached for comment, Balaji claims recording it was illegal (which, idk, haven’t seen the Terms of Service, only 1500 people can use Clubhouse the Twitch app, but you don’t have video and chat has audio) And then heannouncesa $1000 bounty for memes and analysis of this event. (paid in Bitcoin, obviously, this whole scenario is a damn meme) This gets the creator of Ruby on Rails/Basecamp to defect to the media’s side Aftermath? (This is a current story): VCs (like Paul Graham) declare that the media hates them because they are losing power Media Twitter decides VC Twitter is trying to reanimate the corpse of #GamerGate Steph Korey, the instigator of this spiraling nonsense? Away says she has decided to step down (redux) because an employee revolt over her IG post. (Recap: Away sells hardcases to hypebeasts. They are worth a billion because of VCs) Balaji, rich VC guy, has memes on his timeline? [Elon Musk has not weighed in yet, if you are curious]
Coinbase Investor And Reddit Cofounder Sees A New Bitcoin And Crypto ‘Spring’—Here’s Why
Bitcoin and cryptocurrency investors have been waiting for an end to crypto winter since early 2018. The bitcoin price has been trading at around half of its all-time highs of $20,000 per bitcoin for the last two years—but there are signs crypto winter is beginning to thaw. Now, co-founder of social news aggregation site Reddit and early investor in major U.S. bitcoin and crypto exchange Coinbase, Alexis Ohanian, has said he sees the green shoots of a new bitcoin and "crypto spring." "We really do see a crypto spring right now in terms of top-tier engineers, product developers, designers, building real solutions on top of the blockchain," Ohanian told Yahoo Finance Live, adding that "is the best signal of long term value creation." Ohanian's outlook chimes with that of renowned Silicon Valley venture capital firm Andreessen Horowitz which earlier this month forecast a "fourth crypto cycle" could be on the horizon—signalling the end of the third crypto winter and kicking of a cycle that begins with the bitcoin price rising. The bitcoin price roared back last year, climbing to around $12,000 as some of the world's biggest technology companies eyed bitcoin and cryptocurrencies. Bitcoin's 2019 rally faltered amid increased regulatory scrutiny with the price plunging back to under $4,000 in March as the coronavirus crisis caused markets around the world to crash. However, bitcoin is now on track to be one of the year's best performing assets. Ohanian, who invested in Coinbase back in 2012, said that the trends "we've seen bear out are quite telling." "I’ve had a percentage of my wealth in crypto for quite some time now and I still feel pretty good about it, I don’t want to change too much of it because I do think it’s a prudent hedge," Ohanian said.
P-REP Proposal; ICON, 20% exposure in top crypto event of 2020, reach 100+ universities/corporate partners (BETTER THAN SLICED BREAD), organized by MouseBelt.
Summary: Event site:https://www.ri2020.io/ Event date: May 18th, 2020 P-PREP Commitment Date: April 30th, 2020 Telegram:u/markusreisner We believe we have a strong proposition to market ICON in a meaningful way to some of the largest communities in crypto. The MouseBelt team has the largest global network of over 100+ universities in 20+ countries. Over the last few months, 10+ university blockchain events we were working with got canceled for obvious reasons. Due to that fact, and our understanding of our reach we decided to launch a virtual conference. Since April 10th here is what happened:
We have enrolled over 100+ partners and universities
With BlockTV’s distribution (we are taking over the site for 1+ months) and our post-conference strategy, this content will reach 5+ million views
Over 5000 people have registered between Eventbrite and Facebook (with 21 days to go, we expect 20,000 people registered)
We have invested $70,000 to professionally produce this 72-hour event with BlockTV
We believe we have surpassed Cointelegraph and Consensus in reach and production quality.
We believe this is the #1 conference in crypto currently.
MouseBelt will invest over $70k+ into this event. We would like to have fellow P-Reps invest $20k (this will go 100% to BlockTV production cost). The benefit to the ICON community will be:
Owning 20% of the conference “screen time” at a 50% discount
Increased exposure to over 100+ top universities working on blockchain
Partnership with Anheuser-Busch InBev, and Coca Cola for one of our hackathon events (or similar).
We are open to adding as many additional benefits as possible as we are a part of the ICON community
Background: MouseBelt is a popular blockchain ecosystem consisting of multiple parts:
Top 3 global blockchain accelerator, investing into early to mid-stage blockchain projects
MouseBelt as ICON developers: Our engineering team has implemented token assets on ZenSports (SPORTS), the first STO on the ICON network, and GrowYourBase, the #1 IRC2 application token in market capitalization on the ICON network. Currently, we are developing the Balanced network in concert with ICX_Station, PARROT9, and Iconosphere. Balanced will bring synthetic assets backed by ICX to the ICON network, as well as tokenized staked ICX. This can assist with both a stable asset for payments, and a base for other DeFi applications MouseBelt as a P-Rep: We have been a Main P-Rep most of the time since decentralization of the network and so far had utilized our funds for student education. Such as the “ICON in a box” workshops and the Milwaukee Blockchain Conference, which we sponsored in a direct ICX payment and the second annual payment for UCLA’s blockchain engineering course. REIMAGINE2020, Conference details: Conferences have always been an integral part of the blockchain space to promote projects in the industry. With recent evolutions around the globe, things have changed. They either got canceled or delayed. We have created REIMAGINE2020, a virtual conference. Shared by the ICON Foundation on April 18. We can effectively and efficiently promote ICON to the world through Reiamgine2020 | BlockTV. The driving force behind the conference is: highest quality of Content matched with the best production quality for Video. The funds will allow MouseBelt to promote ICON logo/branding throughout the conference/programming for straight 72 hr of live streaming. Additionally, we have the opportunity to properly place ICON logo/branding in highly favorable on-screen placements (tickers/commercials/plugs and continuous branding) reaching 5M viewers globally. ICX Station is providing a Keynote to drive global interest. Confirmed partners
Influencers we are reaching out to: Chamath Palihapitiya, Adam Back, Ray Dalio, Andreessen Horowitz, Michael Novogratz, Naval Ravikant, Balaji S. Srinivasan, Su Zhu, Charlie Lee, Nick Szabo, Riccardo Spagni, Fred Wilson, Max Keiser, Winklevoss, Air Paul, Michael Arrington, Peter Schiff, Paolo Adroino, Elizabeth Stark, Marc Andreessen, A. Pompliano, Patrick Byrne, Brock Pierce, CZ, Vitalik, Andreas M. Antonopoulos
3. As far as hard data for "attendees" we have two signals:
5000+ attendees on Facebook and Eventbrite, with 3 weeks to go (13X MORE than Virtual Blockchain Week!)
Attendee list includes a mix of media, university representatives, C-level executives, developers, and startup founders
The deceased owner of the now-defunct Canadian crypto exchange QuadrigaCX was allegedly transferring user funds off the exchange and using them as a security for his own margin trading on other platforms. “Significant volumes of Cryptocurrency were transferred off Platform outside Quadriga to competitor exchanges into personal accounts controlled by Mr. Cotten. It appears that User Cryptocurrency was traded on these exchanges and in some circumstances used as security for a margin trading account established by Mr. Cotten.” In addition, Cotten reportedly created fake “identified” accounts on Quadriga under multiple aliases “into which unsupported Deposits were deposited and used to trade within the platform.” This, Ernst & Young, states, resulted in “inflated revenue figures, artificial trades with Users and ultimately the withdrawal of Cryptocurrency deposited by Users.”
Russian hackers, not North Korean, may be the bad actors behind probably the biggest ever theft from a cryptocurrency exchange. Japanese newspaper Asahi Shimbun reports Monday that virus variants known to be linked to Russian hackers have been found on employee computers at the Tokyo-based Coincheck exchange. According to the report, the malware found at the exchange had been emailed to employees and included types called Mokes and Netwire, which allow malicious distributors to gain access to victims’ machines and operate them remotely. Mokes apparently first appeared on a Russian bulletin board in 2011, while Netwire has been around for 12 years.
Social media giant Facebook has released the white paper for its long-awaited cryptocurrency and blockchain-based financial infrastructure project on June 18. According to the paper, Facebook’s global stablecoin, dubbed “libra,” will operate on the native and scalable Libra blockchain, and be backed by a reserve of assets ostensibly “designed to give it intrinsic value” and mitigate volatility fluctuations. The new cryptocurrency will be governed by a not-for-profit, Switzerland-based consortium — the “Libra Association” — which counts Mastercard, PayPal, Visa, Stripe, eBay, Coinbase, Andreessen Horowitz and Uber among its founding members. Facebook ostensibly plans to expand the association to around 100 members by the time of Libra’s launch in the first half of 2020.
Bitcoin’s price has set another new high for 2019, reaching $9,599 before retracing slightly to end Thursday’s trading. The move to fresh 2019 highs comes after the bitcoin price dropped to as low as $8,919 on June 18 before a surge of buying pressure pushed prices back above $9,000 within the same day.
Visa, Mastercard, PayPal, and Uber are all backing Facebook’s new cryptocurrency, according to a new report. The Wall Street Journal reported Thursday that the social media giant has signed on more than a dozen backers for its GlobalCoin cryptocurrency, a stablecoin that has been developed in secrecy for more than six months. Each of the new backers will invest roughly $10 million in the project as part of a governing consortium for the cryptocurrency.
Cryptocurrencies in the United States will no longer be securities?
The US lawmakers recently introduced a bill that allows digital currencies to be removed from a security definition approved 72 years ago. https://preview.redd.it/57jyzx9iwr621.jpg?width=5908&format=pjpg&auto=webp&s=f625a9ec4dda1e7da4e04c13abc8b0e1ed9b9492 The news seems boring, but it’s the one that causes heated discussion - the crypto industry members, for example, assert that the existing legislation is behind the times. "At the dawn of the Internet, Congress passed a law that provided clarity and opposed the desire to overregulate the market. We want to achieve a similar effect in the American economy to ensure the leadership of our state in this innovative space," say the supporters of the new bill. Now for the classification of investment proposal as security, a Howey test from 1946 is used. According to it, any transaction that has the characteristics of an investment contract automatically becomes a security. But experts are sure: some nuances should be considered. "Decentralized networks do not really fit into the current regulatory structure. Today we are taking a step towards finding the right way to regulate them," said Kristin Smith, the head of the US Blockchain Association, who lobbies for the interests of the industry in Washington. Earlier, SEC head Jay Clayton made it clear that he was not going to change the current standards and adapt them to digital assets. The Commission continues to classify the initial coin offerings as securities offering, excluding from the general pattern only Bitcoin and Ethereum regulated by the Commodity Futures Trading Commission (CFTC). The supporters of crypto industry are proposing to amend the Securities Act of 1933 and the Securities Exchange Act of 1934, adding to them the definition of a digital token. This does not mean that cryptocurrencies will not be regulated at all. It means that the industry will come under the control of the Federal Trade Commission and the CFTC. In addition, the authors of the bill encourage SEC to change the principles of virtual currencies taxation by making the exchange of one cryptocurrency to another a non-taxable event and setting a minimum limit that will allow the transactions below a certain limit to be exempted from tax. The development of the bill was carried out for several months. More than 50 industry participants, including representatives from Fidelity, Nasdaq, State Street, Andreessen Horowitz, and the US Chamber of Commerce took part in the discussion of regulatory issues held in September. The last meeting of the Congress is likely to take place this Friday. After that, the proposal will have to be drawn up again when the control goes to the Democrats.
Next on ethcs.org: Jesse Walden, partner at a16z crypto. Post and upvote your favorite questions.
The Ethereum Community Series continues. Next guest is Jesse Walden (@jessewldn), partner at a16z crypto. He founded Mediachain, a decentralized media attribution protocol, which was later sold to Spotify. a16z crypto has taken a six percent stake in Maker, and Jesse has co-written a great introduction on Maker and its future. For a background on a16z, check the recently published "Andreessen Horowitz Is Blowing Up The Venture Capital Model (Again)" ("By renouncing venture capital status, Andreessen Horowitz says it’ll go deeper on riskier bets: If the firm wants to put $1 billion into cryptocurrency or buy unlimited amounts of shares in public companies or from other investors, it can.") He's a recurring guest on the a16z podcast, where they talk about "Cryptonetworks and Cities — Analogies", "Cryptonetworks as Emerging Economies (Done Right?)" and "All about Stablecoins". He published "4 eras of blockchain computing: degrees of composability" But there's more. A bio from his website: My name is Jesse Walden. I am a VC at Andreessen Horowitz. I grew up in and around NYC: born in Manhattan, learned to ride a bike in Queens, and went to high school in Great Neck. I moved to Montreal, Canada to attend McGill University, where I graduated with a B.A. in Art History and Economics. While in school, I started a number of businesses, all of which derived from self-taught and sophomoric web/photoshop skills, plus an obsession with music I was digging for on the internet. The first business was a web design company, which led to designing newsletters and flyers for parties. From there, I decided to start my own party and concert promotion operation, and then a complimentary platform to manage social contests and event guest- lists. Montreal had an extremely special music scene at that time, which was partly why I stuck around, learned French, and became a permanent resident of Canada. When I moved back to NYC in 2012, I co-founded an artist management company focused on helping independent artists engage their fans directly on the internet. It was a privilege to work with artists I consider generational talents, including Solange Knowles, Blood Orange, Majical Cloudz and many more. That crew also helped to launch Boiler Room in North America, where we pioneered live-streamed performances to online audiences. In 2013, learning about Bitcoin sparked the ideas behind Mediachain, a decentralized media attribution protocol I co-founded in 2014. The company, Mediachain Labs was later acquired by Spotify, where I was a Product Manager in Creator R&D. In 2018, I joined Andreessen Horowitz to take a wider view of decentralized networks and helped to spin out a16z crypto, a venture fund dedicated to investing in blockchain computing and applications. I live between Brooklyn and San Francisco, and when I'm lucky I do so with my wife, a touring singer and artist. I am forever drawn to creative people, inspiring ideas, and perfect sounds.
If you have more than one question, please post them in separate comments. This keeps the upvote process (which questions are most upvoted) fair.
It seems that this sub has been largely dominated by the latest news cycle and the back-and-forth between Facebook and the government. That's fine, but I want to use this post to step back for a second and think about what Libra is and what it's positioned to do in the future. One common misconception is that Libra is Facebook's currency. They are merely the developers and spokespeople for a much larger movement. I urge everyone to go onto the Libra Association website, where you'll find that huge-name companies like Mastercard, Visa, PayPal, Uber, Lyft, ebay and booking.com have signed on. So have Andreessen Horowitz, which has investments in more than 700 companies, and Union Square Ventures, which has around 270 investments. With so many influential companies that have so broad an impact on society, Libra really is poised to disrupt the world's financial system in a major way and is probably cryptocurrency's best chance of becoming mainstream (even though I do have reservations about the way it is structured). Using just their existing partners, one could use Libra to book their hotel and airline tickets, pay for a Lyft from the airport to their hotel, pay for dinner using Mastercard or Visa, etc. Once the currency gets approval from governments, I suspect that even more companies will sign on, making it all the more convenient for the general public. These companies are too large, and frankly too reputable, to circumvent the law if Libra is banned in any country. I suspect that it will be banned in Venezuela and a handful of other places. However, these companies have tremendous power over the world economy, which can manifest itself in a good deal of political power as well. I suggest that governments start fostering a good relationship with the association now to ensure a stronger economy when this thing takes off. I also think that it's going to become increasingly essential for the crypto wallets and exchanges of the future to support this new currency. I have major concerns about Coinbase and Anchorage (both of which have signed onto the Libra Association currently) and Facebook's proposed wallet Calibra. I'm never a fan of custodial wallets (due to concerns about hacking, surprise fees, asset freezing, etc) and given how Facebook has botched data privacy over the past few years, I would never willingly open a Calibra wallet. The only fully noncustodial wallet that has announced plans to include Libra (that I know of) is TrustlessBank, but I suspect that more will follow. Do I think that Libra will completely take over the financial system? Probably not. But it will give new legitimacy to cryptocurrency as a whole, and I think it will have a positive effect on Bitcoin in particular. If I need to send money to someone in Venezuela (assuming that they ban Libra and the association chooses to abide by that law), I could use a wallet supporting atomic swaps (at present, I know of Atomic Wallet, Cointorox's Atomic Swap Wallet, and TrustlessBank) to convert my Libra to Bitcoin and send it to them. Even if Bitcoin is technically banned, governments really have no enforcement mechanism. So, where do you guys see Libra in ten years? Disagree with anything I said?
The cryptocurrency and blockchain spheres are less than 10 years old, but in this industry, thanks to the incredible speed of change, there are already “people-legends” that nobody knew about yesterday, and tomorrow the whole world will speak. In this article, we will continue our acquaintance with crypto geniuses, which would eventually become more and more. So who are the great minds of the virtual world?
Brock Pierce — from gamer to millionaire
https://preview.redd.it/cpg7ccxq1dm31.jpg?width=960&format=pjpg&auto=webp&s=ce5d1f4cc2ff52aea425c68056d89c3d6f9b543e Brock Pierce met cryptocurrencies through entertainment. In the 2000s, Pierce, being an avid gamer, founded one of the largest gaming companies selling virtual assets. Involvement in virtual currencies led Pierce into the world of the blockchain at the very beginning. He was fascinated by the potential of Bitcoin, so he decided to leave the gaming industry and start looking for, founding and financing cryptocurrency companies — Mastercoin, Blockchain Capital, Coinbase, Ethereum, Tether, Bitfury and now Block. one. Brock donated $1 billion to a decentralized autonomous community, which is created on the basis of the EOS platform.
Preethi Kasireddy — An engineer with a big heart
https://preview.redd.it/84dtgmis1dm31.jpg?width=1280&format=pjpg&auto=webp&s=6b1a450a6d689acce9c2dd5ef3690fb67923d83b Meet Preethi Kasireddy — blockchain engineer and former associate of CoinBase, Goldman Sachs and Andreessen Horowitz. In 2012, Preethi graduated from the University of Southern California, gaining knowledge in the field of industrial and system engineering. Today, Preethi Kasireddy, as the founder and CEO of TruStory, is creating a company that introduces and develops blockchain technologies. In her free time, Preethi does volunteer work. For example, Preethi was actively helping to raise funds in Los Angeles to educate low-income children in India. Also, she teaches a full course “WEB development for schoolchildren”. Preethi says she lives and breathes the idea of a crypto.
Roger Ver — “Bitcoin Jesus”
https://preview.redd.it/s3bvu81w1dm31.jpg?width=4000&format=pjpg&auto=webp&s=99660eb5ce334b35c948b6b21a5bdc44009f0b99 Roger Ver was one of the first investors in Bitcoin startups and financially helped several projects such as Blockchain. info and BitPay. Roger first met Bitcoin while listening to the radio program. Later, when dealing with media representatives, Roger Ver said that he had not left his house for more than 7 days after that and was looking for any available information about this cryptocurrency. At that moment Roger realized that this virtual currency is the best form of financial resources that ever existed in the world. The desire to gain knowledge about Bitcoin led to a lack of sleep, because of which Roger Ver’s friend had to take the young entrepreneur to the hospital. The entrepreneur has invested his own funds in a huge number of different projects related to Bitcoin virtual currency, including Blockchain. info, BitPay, Ripple and many others. Roger Ver’s total financial investment was approximately $1 million. Communicating with media representatives, Roger Ver said that Bitcoin will meet many obstacles on its path, but it will be able to improve the quality of all people’s lives in the world. He also added that he does not care enough about short-term changes in the rate of this virtual currency.
Andreas Antonopoulos — Bitcoin Guru
https://preview.redd.it/jb2at1ey1dm31.jpg?width=722&format=pjpg&auto=webp&s=8eacbcfeda54dbdac4fa7159ec9c6b6b9db36a9d Andreas Antonopoulos is one of the world’s most famous Bitcoin and blockchain experts. He is a very popular speaker and he is interested not only in the investment side of technology, but also in the educational, political, cultural and human components. In 2014, Andreas was invited to the post of lecturer at the University of Nicosia, the first university in the world, where people can receive a master’s degree in digital currencies. Today Antonopoulos works in the Committee for Supervision of Bitcoin on the Chicago Mercantile Exchange. Today Antonopoulos works the Oversight Committee for the Bitcoin Reference Rate at the Chicago Mercantile Exchange. Andreas has published many famous bestsellers about cryptocurrency. In particular, in 2014, Antonopoulos wrote the book “Mastering Bitcoin”. Andreas emphasizes that he is not very interested in the spread of Bitcoin in developed Western countries. He is more fascinated by the idea that you can use Bitcoin in Kenya, Lagos or Nigeria with an old Nokia, and people who have never had access to banking services will be able to join the global economy this way.
Winklevoss brothers — the first Bitcoin billionaires
https://preview.redd.it/hqtmc7w02dm31.jpg?width=1140&format=pjpg&auto=webp&s=b040bc864281973444df43b19aaf843d2c08eb64 The first in the world billionaires who earned a fortune on Bitcoins were American twin brothers Cameron and Taylor Winklevoss. The state of the brothers is estimated at 100 thousand Bitcoins, which is equivalent to 1.17 billion dollars. Well-known entrepreneurs and Bitcoin-enthusiasts, the Winklevoss brothers build two Bitcoin companies and own 1% of all Bitcoins already mined. As said Tyler Winklevoss, “We eat, sleep, breathe Bitcoin.” Winklevoss deliberately do not sell cryptocurrency, indicating the long-term investment. Bitcoin they call the “improved version of gold”. There are many amazing people in the Crypto World and we will keep telling you about the most vivid and interesting ones. Some have distinguished themselves by contributing to the development of the industry, others have managed to make good money and promote blockchain technology. Without these people, we would never know about such great innovations as blockchain and cryptocurrency, which is the future of our world.
Past results of Andreessen Horowitz’s investments, pooled investment vehicles, or investment strategies are not necessarily indicative of future results. There can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results. 21, Inc. 27Bards. 42Floors. 451 Venture Capital firm Andreessen Horowitz announced that it was creating a second fund dedicated to cryptocurrency investments. What Happened General Partners Chris Dixon and Katie Haun, in a joint Here you’ve seen us make investments in projects like Celo and Libra. And we think there will be other entrants in this category.” a16z sees Bitcoin as “a nice long-term store of value” that it invests in but it also looks to established industry firms like Coinbase and Anchorage. Further, the list of investments is updated monthly and as such may not reflect most recent a16z investments. Past results of Andreessen Horowitz’s investments, pooled investment vehicles, or investment strategies are not necessarily indicative of future results. Andreessen Horowitz doubles down on ‘crypto’ with new $515 million fund Andreessen Horowitz has invested in cryptocurrencies like Bitcoin and One of the first fund’s investments,
This podcast is produced by Andreessen Horowitz (aka “a16z”), a Silicon Valley-based venture capital firm. Multiple episodes are released every week; visit a16z.com for more details. Category A list of investments made by funds managed by Andreessen Horowitz (excluding investments and certain publicly traded cryptocurrencies/ digital assets for which the issuer has not provided ... Fascination About Andreessen Horowitz Creates Second Cryptocurrency Fund There are online sellers, such as overstock.com, who accept cryptocurrencies. And obviously, any 2 people who value the ... After initially being skeptical regarding Bitcoin’s prospects for mainstream adoption, Tradiman was won over after overhearing a conversation between executives at Andreessen Horowitz concerning ... A list of investments made by funds managed by Andreessen Horowitz (excluding investments and certain publicly traded cryptocurrencies/ digital assets for which the issuer has not provided ...