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Topic: Bitcoin Startup 21 raises record funding $116 mill, aims at mainstreaming BTC - page 2. (Read 3688 times)

legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
No need to "Question Authority" all the time... Cool

though you need to question a 'dencentralised' system having 'authority'  Wink

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.
legendary
Activity: 1876
Merit: 1000
No need to "Question Authority" all the time... Cool

though you need to question a 'dencentralised' system having 'authority'  Wink
sr. member
Activity: 252
Merit: 250
www.CloudThink.IO
Excellent news for bitcoin if ever i have heard it, i mean that is a nice cash injection by anyone's standards all the possibility's than can be achieved are staggering. Time to hold and not let go of them coins shorting this year will be dangerous to say the least   
vip
Activity: 1428
Merit: 1145
$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.

Yea, you're right.  They just chose the name "21e6" because it's really catchy!   Roll Eyes

It's so catchy, I'm goin' to register i21e6.com and 21e6prime.com and i21e6primesquare.com and i21e6primesquarebay.com. and 6e12i.moc to corner the backward countries' markets.
legendary
Activity: 1061
Merit: 1001
hero member
Activity: 1372
Merit: 783
better everyday ♥
$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.

Wouldn't this blockchain need bitcoin to operate since as far as i know blockchain can't operate without bitcoin or any other crypto.

Yes you're right. The blockchain, the network and currency can not be separated.This belongs together.

By the way...

http://blogs.wsj.com/digits/2015/03/10/secretive-bitcoin-startup-21-reveals-record-funds-hints-at-mass-consumer-play/

Qualcomm's chips represent a large portion of the cell phone market.  They intend to bring their cellular chip technology to all manner of interconnected things, and use the Bitcoin blockchain to do so.


He knew it. Cheesy
Listen 25:00 to 26:35!

https://www.youtube.com/watch?v=9npQ5f74Nr4#t=25m00

At 26:20 he said:"Bitcoin protocol being embedded in chips.Chips that can't be modified very easily!"

What do you do if there's a protocol change, throw your phone away?

Keep it.  Nothing drastic will happen.  I'm assuming you're talking about the Gavin fork in June.  Bitcoin's been forked before, everything's going to be just gravy.  No need to "Question Authority" all the time... Cool

http://insidebitcoins.com/news/gavin-andresen-optimistic-about-scaling-bitcoin/30652

legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
$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.

Wouldn't this blockchain need bitcoin to operate since as far as i know blockchain can't operate without bitcoin or any other crypto.

Yes you're right. The blockchain, the network and currency can not be separated.This belongs together.

By the way...

http://blogs.wsj.com/digits/2015/03/10/secretive-bitcoin-startup-21-reveals-record-funds-hints-at-mass-consumer-play/

Qualcomm's chips represent a large portion of the cell phone market.  They intend to bring their cellular chip technology to all manner of interconnected things, and use the Bitcoin blockchain to do so.


He knew it. Cheesy
Listen 25:00 to 26:35!

https://www.youtube.com/watch?v=9npQ5f74Nr4#t=25m00

At 26:20 he said:"Bitcoin protocol being embedded in chips.Chips that can't be modified very easily!"

What do you do if there's a protocol change, throw your phone away?
legendary
Activity: 1442
Merit: 1016
$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.

Wouldn't this blockchain need bitcoin to operate since as far as i know blockchain can't operate without bitcoin or any other crypto.

Yes you're right. The blockchain, the network and currency can not be separated.This belongs together.

By the way...

http://blogs.wsj.com/digits/2015/03/10/secretive-bitcoin-startup-21-reveals-record-funds-hints-at-mass-consumer-play/

Qualcomm's chips represent a large portion of the cell phone market.  They intend to bring their cellular chip technology to all manner of interconnected things, and use the Bitcoin blockchain to do so.


He knew it. Cheesy
Listen 25:00 to 26:35!

https://www.youtube.com/watch?v=9npQ5f74Nr4#t=25m00

At 26:20 he said:"Bitcoin protocol being embedded in chips.Chips that can't be modified very easily!"
legendary
Activity: 2044
Merit: 1008
$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.

Wouldn't this blockchain need bitcoin to operate since as far as i know blockchain can't operate without bitcoin or any other crypto.
hero member
Activity: 1372
Merit: 783
better everyday ♥
Even though the news are excellent (if correct and the money gets properly used), I've been waiting for these companies "aiming" at mainstream BTC.
The adoption is picking up, but not quickly enough.

I understand the frustration in looking at the cash register at your local retail store, and only cash, credit, or Apple Pay is accepted, and Bitcoin is not even a consideration.  We all know where we're at right now.

That said it's 2015.  6 years in.  Google was founded in 1998.  Honestly, I didn't really start using Google until like 2003-2004.  Google was started in the dorm room of 2 dudes from Stanford.  Their first rack servers were home made, no name brand ones they put together:



If they didn't receive seed funding similar to one that 21 just received, Google probably wouldn't still be around.

You guys seriously cannot be this jaded.

Investing and seed funding ---> Further Development and Marketing for Bitcoin ---> Consumers start hearing and using it

I know you guys all want cookies, but you gotta pre heat the oven first...
legendary
Activity: 2674
Merit: 2965
Terminated.
Even though the news are excellent (if correct and the money gets properly used), I've been waiting for these companies "aiming" at mainstream BTC.
The adoption is picking up, but not quickly enough.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
wow, impressive news  Smiley

hardware for the mass-market - finally.
hero member
Activity: 1372
Merit: 783
better everyday ♥
Good if bitcoin gains big from them, but apparently they are also companies seeking for profit. Not sure if they will even support bitcoin and the network, or they will only use it for the benefit of their companies.

21e6? Nice name.


They actually have been supporting the network more than any of us here have:

https://bitcointalksearch.org/topic/21e6-llc-secretive-asic-manufacturer-that-raised-5-million-334759

http://www.bizjournals.com/sanjose/news/2013/11/18/silicon-valley-startups-race-to-sell.html?page=all

They've been either providing mining asics or building hardware related to large scale mining since 2013, and I've been told mining is supporting the Bitcoin network.

Facts.   Wink
legendary
Activity: 896
Merit: 1000
that's pretty amazing. let's hope it will work out and at some point Bitcoin in general will benefit from it.
the large amount will be left behind in the future with even higher investments.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
Good if bitcoin gains big from them, but apparently they are also companies seeking for profit. Not sure if they will even support bitcoin and the network, or they will only use it for the benefit of their companies.

21e6? Nice name.
hero member
Activity: 770
Merit: 509
hero member
Activity: 742
Merit: 500
This may seem like a big deal for bitcoin, however, it's not.
They will use the blockchain technology for their own products and leave bitcoin hanging in the cold.
Don't expect this to be relevant to the bitcoin economy.
Interesting startup though.

yes that's why they call it 21... - because they completely disregard the native currency of the protocol .... oh wait  Grin
hero member
Activity: 1372
Merit: 783
better everyday ♥
Yippee, more big corporate money aiming blockchain technology into a web of regulation and control while the little guys sit in federal prison cells for trading Bitcoin.

http://blogs.wsj.com/digits/2015/03/10/secretive-bitcoin-startup-21-reveals-record-funds-hints-at-mass-consumer-play/

Maybe tell those dudes to grab a money transmitter license like they're supposed to.   Tongue

J/K, we're still in the Wild Wild West phase of Bitcoin, shit happens, people go down when your trying to build something.

I'll let BurtW know if the federal government ever lets us talk to him again.

When Bitcoin becomes MasterCard I'll move on to something else. There are lots of federally regulated investment opportunities in the wild. Bitcoin is unnecessary for that purpose.

It sucks what happened to BurtW, but please let's not drag that into this thread.

Bitcoin will never become MasterCard, Bitcoin isn't a company or Financial Institution.

This isn't an either or situation.  You can't have Bitcoin thrive or survive, and no one pays the bills to keep the lights on and electricity running.

Even Linux wouldn't be where it is today without Android OS which is owned by Google, probably the largest centralized force in the universe.

Need to play both sides of the coin to be viable, there's no hard stance needed to be taken.

Do you honestly believe a large collection of corporate investors are doing this for any other reason than profit? That profit most likely will not help the small Bitcoin user or holder. I can see it being much more desirable for corporate investors to have price hold stable rather than climbing. This will do nothing to help me but I'm sure some groups will become famously wealthy.

Both.  Bitcoin is the future of money, why wouldn't they try to profit from the future of money?

Just do it "Pro Bono" for the hell of it.   Tongue
hero member
Activity: 1372
Merit: 783
better everyday ♥
$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.

Yea, you're right.  They just chose the name "21e6" because it's really catchy!   Roll Eyes
legendary
Activity: 1937
Merit: 1001
$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.
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