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We know what Bitcoin’s about.

http://www.youtube.com/watch?v=Lx9zgZCMqXE

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Kanye thinks so too

“I feel like a little bit, like, I’m the Braveheart of creativity.”

http://www.youtube.com/watch?v=WchZ9t4DUO4#t=23

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Be careful what you wish for.

Brad Rose, a partner at Pryor Cashman LLP and lawyer for Kanye West, filed a cease-and-desist letter on January 6th, arguing that the currency is trademark infringement:

“Given Mr. West’s wide-ranging entrepreneurial accomplishments, consumers are likely to mistakenly believe that Mr. West is the source of your services."

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http://www.youtube.com/watch?v=sNKDTxdtolw

Mining Bitcoins has become big business, with some entrepreneurs launching large-scale Bitcoin mining operations.

The work the computers do is akin to guessing at a lottery number. The faster the computers run, the better chance of guessing that right number and winning valuable coins. So mining entrepreneurs are buying chips and computers designed specifically — and only — for this work. The machines in Iceland are worth about $20,000 each on the open market.

According to calculations done by Michael B. Taylor, a professor at the University of California, San Diego, all of the machines dedicated to mining Bitcoin have a computing power about 4,5000 times the capacity of the United States government’s mightiest supercomputer, the IBM Sequoia.

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CHECK IT HERE!

An Excerpt from the Snapchat Terms of Use, no joke:

Have Fun

The language below is meant to support this rule. It allows us to continue providing and improving our Services, and it helps to ensure that a few mean users don’t ruin the fun for everyone else. Your part in that is simple. Just use common sense—keep sending awesome Snaps to your friends, and please don’t send Snaps that they don’t want to receive.

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Andreessen Horowitz’s strategy was based on a simple investment thesis:

each year 15 deals account for 97 percent of all venture capital profits.

Some of the more well-known companies Andreessen Horowitz has invested in include:

  • Facebook, Groupon, Twitter, Zynga, Airbnb, Lytro, Jawbone, and Foursquare.

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Disclaimer: startup results may vary from below

Instagram was acquired for $1 Billion by Facebook in April 2013.

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Quoting the Kanye track ‘Can’t Tell Me Nothing’, listen to it here!

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