31 Dec '13, 10pm

Andreessen Horowitz VC Chris Dixon Defends Bitcoin

Andreessen Horowitz VC Chris Dixon Defends Bitcoin

"The most exciting aspect of Bitcoin (and this is admittedly more speculative) are all the interesting new business and technology models that “programmable money” could enable. For example, I am very bullish on micropayments ... The world recently ran its first large-scale micropayments experiment – so called in-app payments on iOS and Android – and despite some serious design flaws (centralized control, 30% fees), it was a smashing success. I think Bitcoin could enable a micropayment system for the open web, and thereby provide a business model beyond banner ads for many important services such as journalism."

Full article: http://www.businessinsider.com/chris-dixon-defends-bitcoi...

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