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Author Topic: Marc Andreessen doesn't hold more than one satoshi of Bitcoin.  (Read 651 times)
Phinnaeus Gage (OP)
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March 04, 2014, 03:08:31 AM
 #1

http://bitcoinmagazine.com/10813/svb-financial-group-places-cryptic-bitcoin-message-annual-report/

Quote
In Marc Andreessen’s article for New York Times “Why Bitcoin Matters” received an editorial note that “Marc Andreessen’s venture capital firm, Andreessen Horowitz, has invested just under $50 million in Bitcoin-related start-ups. 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 de minimis amount of Bitcoin equates to one satoshi, ergo...
maurya78
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March 04, 2014, 09:27:33 AM
 #2

More likely several hundreds of thousands of satoshis...lol

atc1
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March 04, 2014, 09:57:41 AM
 #3

I don't think they meant that literally. Maybe he doesn't own anything of his own,but he's investing a lot in other startups that do business in BTC.

bryant.coleman
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March 04, 2014, 10:12:57 AM
 #4

de minimis can be any amount which seems to be the "minimum" for him, not necessarily equal to one Satoshi.
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March 07, 2014, 01:01:36 AM
 #5

Tweet him as much Bitcoin as you like
http://www.tippercoin.com/#/profile/pmarca
Divinespark
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March 07, 2014, 05:03:18 AM
 #6

shocking....

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Phinnaeus Gage (OP)
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March 07, 2014, 06:56:54 AM
 #7

I don't think they meant that literally. Maybe he doesn't own anything of his own,but he's investing a lot in other startups that do business in BTC.

I assumed that, bud. Thanks, anyway.
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March 07, 2014, 10:00:16 AM
 #8

I doubt that is true.
BitOnyx
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March 07, 2014, 11:26:36 AM
 #9

Yesterday there were large sell of bitcoins on market. Even though it is hard to tell if it was one person selling or just some random panic, but whenever something like that happens once in awhile, I always think about those big bitcoin holders out there Wink

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