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Those advertisers use tracking technologies to collect information about your activity on our sites and applications and across the Internet and your other apps and devices. Bitcoin is the first practical solution to a longstanding problem in computer science, Marc Andreessen writes in Another View. Marc Andreessen, a co-founder of the venture capital firm Andreessen Horowitz. The firm is actively searching for more Bitcoin-based investment opportunities. He does not personally own more than a de minimis amount of Bitcoin. A mysterious new technology emerges, seemingly out of nowhere, but actually the result of two decades of intense research and development by nearly anonymous researchers. They see within it enormous potential and spend their nights and weekends tinkering with it.

While regulators debate the pros and cons of bitcoins, this volatile digital currency inspires the question: What makes money, money? What technology am I talking about? One can hardly accuse Bitcoin of being an uncovered topic, yet the gulf between what the press and many regular people believe Bitcoin is, and what a growing critical mass of technologists believe Bitcoin is, remains enormous. In this post, I will explain why Bitcoin has so many Silicon Valley programmers and entrepreneurs all lathered up, and what I think Bitcoin’s future potential is. 20 years of research into cryptographic currency, and 40 years of research in cryptography, by thousands of researchers around the world. Bitcoin is the first practical solution to a longstanding problem in computer science called the Byzantine Generals Problem. To quote from the original paper defining the B.