Topic: Bitcoin Startup 21 raises record funding $116 mill, aims at mainstreaming BTC (Read 3678 times)
March 11, 2015, 03:20:05 PM
With that kind of funding we'll hear about it sooner or later. I'm sure a large chunk of that will go to marketing themselves all over the place.
March 11, 2015, 03:19:56 PM
I still don't get it. So if I link my phone and computer together with the block chain what does it accomplish?
March 11, 2015, 03:06:13 PM
In other news, coindesk is giving away a mac 
https://deals.coindesk.com/giveaways/the-macbook-pro-giveaway
https://deals.coindesk.com/giveaways/the-macbook-pro-giveaway
March 11, 2015, 03:03:23 PM
$116 million is an impressive number, I think they are the best funded bitcoin start up ever.
Yep it is i think, great news. This could be it guys hold onto your hats.
Geez wake up man. It's not a bitcoin start up, they will just use the blockchain idea for their own products, not bitcoin or its network.
Me too. I've read and sift through some of the articles regarding the said start-up and I did not see anything fishy.
Hard to jump on conclusions without sufficient basis man. But still probable, though.
March 11, 2015, 03:01:16 PM
$116 million is an impressive number, I think they are the best funded bitcoin start up ever.
Yep it is i think, great news. This could be it guys hold onto your hats.
Geez wake up man. It's not a bitcoin start up, they will just use the blockchain idea for their own products, not bitcoin or its network.
March 11, 2015, 02:51:35 PM
Just for fun:
Thiel -> Derpbook, Palantir -> 3 letter agencies
March 11, 2015, 12:26:09 PM
From what I read, I think they are more interested in the blockchain technology rather than bitcoin itself. Since they didn't reveal into detail what they are up to, I supposed it has something to do with another altcoin? No...Or I see creation of new database to support some products that is also based on public ledger, either way, still has nothing to do with bitcoin.
More likely trying to integrate the blockchain technology into existing banking/finance sector. Could save a lot of paperwork and layoff more than a dozen departments.
March 11, 2015, 12:21:12 PM
From what I read, I think they are more interested in the blockchain technology rather than bitcoin itself. Since they didn't reveal into detail what they are up to, I supposed it has something to do with another altcoin? No...Or I see creation of new database to support some products that is also based on public ledger, either way, still has nothing to do with bitcoin.
More likely trying to integrate the blockchain technology into existing banking/finance sector. Could save a lot of paperwork and layoff more than a dozen departments.
That's true, and because of that, a lot of corruption might get into control as if even some level of centralization takes place, as that only will get it going and anonymity might get harmed.
March 11, 2015, 12:17:32 PM
From what I read, I think they are more interested in the blockchain technology rather than bitcoin itself. Since they didn't reveal into detail what they are up to, I supposed it has something to do with another altcoin? No...Or I see creation of new database to support some products that is also based on public ledger, either way, still has nothing to do with bitcoin.
More likely trying to integrate the blockchain technology into existing banking/finance sector. Could save a lot of paperwork and layoff more than a dozen departments.
March 11, 2015, 09:03:53 AM
From what I read, I think they are more interested in the blockchain technology rather than bitcoin itself. Since they didn't reveal into detail what they are up to, I supposed it has something to do with another altcoin? No...Or I see creation of new database to support some products that is also based on public ledger, either way, still has nothing to do with bitcoin.
March 11, 2015, 08:19:10 AM
thats a huge amount for funding. i wonder what they will do in this space. what is all the money for? there has to be a plan of attack to raise such funds im assuming.
March 11, 2015, 03:40:15 AM
ill be waiting on the sidelines to see what this is really about. too early to tell now even though it looks encouraging.
March 11, 2015, 02:20:32 AM
No need to "Question Authority" all the time... 
though you need to question a 'dencentralised' system having 'authority'
Threads like this make me believe people need a central authority to make them feel successful. If there's not some big rich powerful collective guiding the direction they aren't happy. Or maybe they're just greedy fucks looking to cash out at the earliest opportunity and big rich powerful collectives will help them do that faster.
the irony in gavin only having to convince 5 people to make the change, thats a hell of alot less people then had to be convinced for the too big to fail banks to be bailed out...........hmmm gotta love 'decentralised' cryptocurrencies...such a great alternative to the centralised banks controlled fiat.
The only thing left to do is wait for all the mining to be done in a couple of super farms in China and some corporation to become the source of the official client. Then you and I can cash out and move to something else. Bitcoin will keep working just fine. The dollar never stopped working I just don't want to use it.
March 10, 2015, 11:17:44 PM
Indeed, the VC $ flowing in is incredible. Very encouraging.
March 10, 2015, 11:10:08 PM
This is not automatically "great news" as the OP says.
There's a problem when the article doesn't talk about what the business does. There's a bigger problem when the company itself is trying to keep it's purpose and business a secret from the market. There's a lot of money in Silicon Valley, this seems like a "flyer play" don't get too excited unless 21 has a real operation to offer us, transactions in bitcoin of course.
There's a problem when the article doesn't talk about what the business does. There's a bigger problem when the company itself is trying to keep it's purpose and business a secret from the market. There's a lot of money in Silicon Valley, this seems like a "flyer play" don't get too excited unless 21 has a real operation to offer us, transactions in bitcoin of course.
March 10, 2015, 11:07:00 PM
No need to "Question Authority" all the time...
though you need to question a 'dencentralised' system having 'authority'
Threads like this make me believe people need a central authority to make them feel successful. If there's not some big rich powerful collective guiding the direction they aren't happy. Or maybe they're just greedy fucks looking to cash out at the earliest opportunity and big rich powerful collectives will help them do that faster.
the irony in gavin only having to convince 5 people to make the change, thats a hell of alot less people then had to be convinced for the too big to fail banks to be bailed out...........hmmm gotta love 'decentralised' cryptocurrencies...such a great alternative to the centralised banks controlled fiat.
March 10, 2015, 10:53:46 PM
$116 million is an impressive number, I think they are the best funded bitcoin start up ever.
So far that is, anyways its good for the ecosystem in general
How long it takes for them to formulate a product is the question but it might contribute to significant price appreciation in 2016-2017
All the investments now give these incumbents a head start when it really starts to pay off.
March 10, 2015, 10:46:40 PM
Haters be like... DAMN!
March 10, 2015, 10:37:17 PM
This is a great news for bitcoin.
But we still have no idea what the main business of Bitcoin Startup 21.
They are miner vendor before.
Is they still produce asic miners?
But we still have no idea what the main business of Bitcoin Startup 21.
They are miner vendor before.
Is they still produce asic miners?
That's the fun part! Speculating on hardware these guys will come up with.
Just having these investors behind this funding round is staggering. Like a who's who of tech giants:
Quote
Additionally, Khosla Ventures and Data Collective have invested in 21, as well as chief executives and founders from various tech companies, including PayPal co-founders Peter Thiel and Max Levchin, eBay Inc. co-founder Jeff Skoll, Dropbox Inc. CEO Drew Houston, Expedia Inc. CEO Dara Khosrowshahi and Zynga Inc. co-founder Mark Pincus.
Qualcomm's partnership absolutely makes this deal:
Quote
Qualcomm’s involvement could spur speculation that 21 has its sights on the so-called “Internet of Things.” That’s the idea that a myriad of smart, Internet-connected appliances will in the future communicate with servers, networks and each other to optimize their operation, maintenance and energy usage without direct human involvement.
I'm no chip maker nor involved in that industry, but I'm pretty sure Qualcomm puts their chips in a ton of mobile phones so....
March 10, 2015, 10:16:42 PM
This is a great news for bitcoin.
But we still have no idea what the main business of Bitcoin Startup 21.
They are miner vendor before.
Is they still produce asic miners?
But we still have no idea what the main business of Bitcoin Startup 21.
They are miner vendor before.
Is they still produce asic miners?
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