{"id":247,"date":"2014-05-28T16:32:00","date_gmt":"2014-05-28T16:32:00","guid":{"rendered":"http:\/\/blog.holytransaction.com\/andreessen-bitcoin-big\/"},"modified":"2022-12-12T21:40:38","modified_gmt":"2022-12-12T19:40:38","slug":"andreessen-bitcoin-big","status":"publish","type":"post","link":"https:\/\/holytransaction.com\/blog\/2014\/05\/andreessen-bitcoin-big.html","title":{"rendered":"Andreessen sees bitcoin as the ‘big breakthrough’"},"content":{"rendered":"

Marc Andreessen, the tech entrepreneur who rose to fame as one of the founders of Netscape, takes the latter view, going as far as to say that in 20 years we will be talking about bitcoin the way we now talk about the Internet.<\/strong><\/em><\/p>\n

<\/div>\n
In a candid interview in the Washington Post<\/a>, Andreessen shrugs off the prevalent definition of bitcoin as a digital currency. “It’s a much deeper concept than currency. It’s the idea of distributed trust,<\/em>” he says.<\/div>\n
<\/div>\n
Andreessen says that had the concept of <\/span>bitcoin<\/a> been hatched 20 years ago, it would have been built into the browser. He views it as a <\/span>foundation with potentially “hundreds or thousands of applications and companies that could get built on top.<\/em>” <\/span><\/div>\n
<\/div>\n
What type of applications or companies? “Digital stocks. Digital equities. Digital fundraising for companies. Digital bonds. Digital contracts, digital keys, digital title, who owns what–digital title to your house, to your car,<\/em>” he says.<\/span><\/div>\n

Andreessen argues that it has the potential to actually be a safer form of ecommerce than the credit card-based system that is currently in place.<\/p>\n

“It doesn’t make sense online to have a payment mechanism that requires you to hand over your credentials to make a payment,<\/em>”\u00a0Andreessen<\/a> says, “That’s just an invitation to fraud and identity theft. It’s just stupid.<\/em>“<\/div>\n
<\/div>\n
Instead,\u00a0Andreessen\u00a0argues, ecommerce should have been built upon a distributed trust type system like what bitcoin offers.<\/div>\n
<\/div>\n
“But we didn’t have the better way of doing it,<\/em>” he says. “So we didn’t know what else to do, and now we have the better way of doing it. Now, it’s going to take time.<\/em>“<\/div>\n

Open your free digital wallet here<\/a> to store your cryptocurrencies in a safe place.<\/p>\n","protected":false},"excerpt":{"rendered":"

Marc Andreessen, the tech entrepreneur who rose to fame as one of the founders of Netscape, takes the latter view, going as far as to say that in 20 years we will be talking about bitcoin the way we now talk about the Internet. In a candid interview in the Washington Post, Andreessen shrugs off […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,37,76,299,679],"tags":[704,764,975,1332],"yoast_head":"\nAndreessen sees bitcoin as the 'big breakthrough' -<\/title>\n<meta name=\"description\" content=\"Read about Marc Andreessen's bullish outlook on bitcoin and its potential as a "big breakthrough" in finance and technology.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/holytransaction.com\/blog\/2014\/05\/andreessen-bitcoin-big.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Andreessen sees bitcoin as the 'big breakthrough'\" \/>\n<meta property=\"og:description\" content=\"Read about Marc Andreessen's bullish outlook on bitcoin and its potential as a "big breakthrough" in finance and technology.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/holytransaction.com\/blog\/2014\/05\/andreessen-bitcoin-big.html\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/holytransaction\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/holytransaction\" \/>\n<meta property=\"article:published_time\" content=\"2014-05-28T16:32:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-12T19:40:38+00:00\" \/>\n<meta name=\"author\" content=\"Satoshi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/holytransaction\" \/>\n<meta name=\"twitter:site\" content=\"@holytransaction\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Satoshi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/holytransaction.com\/blog\/2014\/05\/andreessen-bitcoin-big.html\",\"url\":\"https:\/\/holytransaction.com\/blog\/2014\/05\/andreessen-bitcoin-big.html\",\"name\":\"Andreessen sees bitcoin as the 'big breakthrough' -\",\"isPartOf\":{\"@id\":\"https:\/\/holytransaction.com\/blog\/#website\"},\"datePublished\":\"2014-05-28T16:32:00+00:00\",\"dateModified\":\"2022-12-12T19:40:38+00:00\",\"author\":{\"@id\":\"https:\/\/holytransaction.com\/blog\/#\/schema\/person\/1643e2c0c2df67ae0d6eacff8a185e69\"},\"description\":\"Read about Marc Andreessen's bullish outlook on bitcoin and its potential as a \\\"big breakthrough\\\" in finance and technology.\",\"breadcrumb\":{\"@id\":\"https:\/\/holytransaction.com\/blog\/2014\/05\/andreessen-bitcoin-big.html#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/holytransaction.com\/blog\/2014\/05\/andreessen-bitcoin-big.html\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/holytransaction.com\/blog\/2014\/05\/andreessen-bitcoin-big.html#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/holytransaction.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"adoption\",\"item\":\"https:\/\/holytransaction.com\/blog\/tag\/adoption\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Andreessen sees bitcoin as the ‘big breakthrough’\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/holytransaction.com\/blog\/#website\",\"url\":\"https:\/\/holytransaction.com\/blog\/\",\"name\":\"\",\"description\":\"HolyTransaction's Blog - 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