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Topic: Marc Andreessen doesn't hold more than one satoshi of Bitcoin. (Read 666 times)

member
Activity: 112
Merit: 10
Cryptocurrencies Exchange
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
b!z
legendary
Activity: 1582
Merit: 1010
I doubt that is true.
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
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.
hero member
Activity: 938
Merit: 501
full member
Activity: 226
Merit: 100
legendary
Activity: 3752
Merit: 1217
de minimis can be any amount which seems to be the "minimum" for him, not necessarily equal to one Satoshi.
sr. member
Activity: 308
Merit: 250
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.
hero member
Activity: 490
Merit: 500
More likely several hundreds of thousands of satoshis...lol
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
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...
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