TD₿: Why Bitcoin Matters by Marc Andreessen
TL;DR Before promoting "crypto", Marc wrote about how Bitcoin offers a sweeping vista of opportunity to reimagine and reshape how the financial system today works.
Hey Bitcoiners,
The news came through the wire today that Andreessen Horowitz (a16z) has announced a new $4.5 billion “crypto” fund. 🤮
These are the same folks who have funded much of the crypto garbage you see retail investors losing their life savings on today. They are the same disingenuous hucksters who recently published a 56-page report titled “The State of Crypto”: but failed to mention the word “Bitcoin” even once despite Bitcoin being the largest, most liquid, most secure, and most used cryptocurrency in the world.
However, it was not always this way. Way back in 2014, Marc Andreessen wrote this letter about all of the exciting ways Bitcoin could change our world and reshape our future (01/21/2014).
Some people come to Bitcoin, understand it, and stick with it. Others, like Marc, just can’t resist the siren song of shitcoins. There’s too much fiat to be made pumping “crypto” tokens.
It’s evident from this letter that Marc initially recognized the magnitude of Bitcoin’s invention.
Somewhere along the way though, a16z decided to become the Mecca for shitcoins, making massive profits pumping and dumping worthless crypto tokens instead of using their resources to help support sound money that could bring about real change in the world.
One thing is for sure, a16z are not friends of Bitcoin, and they are definitely not friends of retail investors.
Bitcoiners have integrity pushing the adoption of sound money, while VC firms like a16z trade their integrity for fiat riches.
Just like Marc wrote in 2014…Bitcoin matters today more than ever, and I bet the folks at a16z hate that.
Tick tock next block,
Cory Klippsten
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“Bitcoin grows in spite of Coinbase and the Crypto VC crowd.” - Brad Mills, Producer of This Machine Greens, Bitcoin Investor, and Educator
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