Andreessen Horowitz Partner And Crypto Investor Chris Dixon’s Blockchain Stance

Chris Dixon, a general partner at venture firm Andreessen Horowitz, shared in an interview with Medium his position on blockchain technology and its impact upon companies such as Facebook, Google, and Apple.

To Dixon, the internet,

“is much more like Disneyland. . . . If I’m building a restaurant at Disneyland and Disneyland thinks I’m making too much money, they can raise the rent or change the rules. That’s what they’re building on Facebook or Google and Apple right now. We live on this kind of Disneyland Internet, and I do not think that’s good for a lot of reasons.”

According to him, the solution is blockchain and its decentralized nature. The technology has rich and advanced protocols and,

“has the best characteristics because they are governed in a decentralized way, and in a way that the rules are fixed and people can build them and invest in them and know that the rules will not change. But they have a more advanced functionality than protocols of the internet era.”

He also express that,

“what the smartest people will do on weekends is what everyone else will do at work in 10 years.”

When asked in what he plans to invest, Dixon replied that he will invest in two categories: infrastructure and applications.

As he stated,

“The infrastructure is, basically, the blockchain layer. Bitcoin would be in that category. In ethereum. The competitors of bitcoin, like Zcash and Monero. It is very difficult to see bitcoin being displaced, only by the impulse of the brand and level of confidence. It has been around for ten years. The two most valuable replacements are probably Zcash and Monero. They are bitcoin competitors that have privacy features.”

Dixon further argued that people incorrectly believe that bitcoin is anonymous. To the contrary, it is the opposite because it is “all public.”

Concerning the future blockchain applications, Dixon stated that every technology, including blockchain, brings with it new tools and that people should take advantage of them.

“The personal computer was new because it could be placed on a desk. This computer [holding his mobile phone] was the first computer you could take everywhere. It has a camera, a GPS, and then people came up with Snapchat, Uber, Lyft, and Instagram. Every time a new set of applications appears, they take advantage of the new capabilities of that computer.”

Right now, there are many stellar developments when it comes to applications. For instance, many financial apps are being created, and in the gaming world as well. Also, what is known as non-fungible tokens are seeing their own developments as well.

As he stated,

“There are a lot of things that happen, people are taking real-world assets and putting versions of them in blockchain.”

Dixon also commented that the least interesting application concerning cryptocurrency is one that allows him to purchase a cup of coffee.

As for the most interesting one, he believes that it will come,

“between a billion and two billion people have smart phones, but no bank accounts, not even an official identity.”

Dixon further expressed concerning applications related to virtual goods that,

“I think we are going to see a lot of experimentation. Many people think that you could redesign many central internet services.”

Finally, Dixon took an interesting stance on ICOs, stating that he would,

“compare it with the internet of the 90s, where you had a lot of bad companies and a lot of nonsense. But you also had Google and Amazon. In the end, it was a very, very important technology momvenet.”

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B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

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