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Marc Andreessen

Bitcoin ‘influential as Internet’

21 May, 2014

Andreessen says¬†Bitcoin will be viewed as being as innovative as the Internet itself. Bitcoin, he says, is a classic example of a “disruptive technology” that changes a paradigm.¬†He predicts that Bitcoin will become a multibillion-dollar industry, and will radically transform the world’s economies.

Bitcoin didn’t come from Citibank; it didn’t come from the Federal Reserve; it didn’t come from Visa. It came from the fringe. And now Bitcoin is in the early stages of mainstreaming today. And the signs that it’s in the early stages of mainstreaming are mainstream venture capital firms funding mainstream startups, employing mainstream engineers to build services that’ll be used by mainstream people. You’ve got big companies that are not yet doing a lot with it, but are looking very seriously at it…

I have a lot of friends who are programmers. The programmers have always gone like, “Those [Bitcoin] guys are crazy.” And then, almost 100 percent of the time, they sit down, read the paper, read the code — it takes them a couple weeks — and they come out the other side. And they’re like: “Oh my god, this is it. This is the big breakthrough. This is the thing we’ve been waiting for. He solved all the problems. Whoever he is should get the Nobel prize — he’s a genius. This is the thing! This is the distributed trust network that the Internet always needed and never had.”