Qualcomm funds startup to use Bitcoin for Internet of Things - page 2.

ElectricMucus

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Quote from: RodeoX on March 16, 2015, 09:47:59 AM

Quote from: HarmonLi on March 16, 2015, 06:20:55 AM

Quote from: ElectricMucus on March 15, 2015, 03:35:13 PM

Also it's Bitcoin ASICs get over it.

Mining on a smartphone scale just doesn't make any sense at all. It'll degrade the user experience by a ton (battery), also it doesn't make sense to implement a hard-wired one-purpose mining chip in a phone.

Agreed. Phone mining is an absolute non-starter. My guess is hardware wallet chips for phones and other wired devices. In the future perhaps your TV will auto-pay when you select a movie from a streaming service. But to mine from a phone you are going to have to back to the past. Back to 2009.

Baking that into an ASIC would be nonsense since all that can be done easily on the phones cpu. Why am I even telling you this, do you pretend to be tech illiterate?
Yeah you guessed it too, mining on a phone doesn't make sense either.

proof by reductio ad absurdum: It's a Bitcoin mining ASIC company, just like the others we've seen.
And why the long faces? Perhaps you get double the power efficiency or something.

RodeoX

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The revolution will be monetized!

Quote from: HarmonLi on March 16, 2015, 06:20:55 AM

Quote from: ElectricMucus on March 15, 2015, 03:35:13 PM

Also it's Bitcoin ASICs get over it.

Mining on a smartphone scale just doesn't make any sense at all. It'll degrade the user experience by a ton (battery), also it doesn't make sense to implement a hard-wired one-purpose mining chip in a phone.

Agreed. Phone mining is an absolute non-starter. My guess is hardware wallet chips for phones and other wired devices. In the future perhaps your TV will auto-pay when you select a movie from a streaming service. But to mine from a phone you are going to have to back to the past. Back to 2009.

HarmonLi

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Honest 80s business!

Quote from: ElectricMucus on March 15, 2015, 03:35:13 PM

Also it's Bitcoin ASICs get over it.

Mining on a smartphone scale just doesn't make any sense at all. It'll degrade the user experience by a ton (battery), also it doesn't make sense to implement a hard-wired one-purpose mining chip in a phone.

ElectricMucus

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Quote from: ElectricMucus on March 10, 2015, 09:30:30 PM

Quote

21’s lead investors include U.S. venture-capital heavyweights Andreessen Horowitz and RRE Ventures, along with Chinese private-equity firm Yuan Capital, with a strategic stake going to chipmaker Qualcomm Inc.QCOM -1.13% through its venture-capital unit.

https://www.cbinsights.com/investor/qualcomm-ventures

Quote

2015-03-10 21 Inc Series A - II $111M Andreessen Horowitz, Dara Khosrowshahi, Data Collective, Drew Houston, Jeff Skoll, Khosla Ventures, Mark Pincus, Max Levchin, Peter Thiel, RRE Ventures, and Yuan Capital

They are funding it (21 Inc, whatever the will be doing), not taking an active part in it, so no (insert buzzword salad) inside qualcomm chips.

Also that (insert buzzword salad) 21 inc would be doing looks to be probably mining:
https://www.cbinsights.com/company/21e6

Quote

21 Inc, formerly 21e6, is a stealth company that aims to manufacture Bitcoin ASIC. Company (Alive / Active)

I hate having to quote myself but here you go, inca.

e: wtf, it was in this very thread

Zangelbert Bingledack

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Quote from: Shiver on March 13, 2015, 01:17:30 PM

Quote from: Zangelbert Bingledack on March 10, 2015, 02:03:35 PM

Now some people imagine this as heaven for the rich, like if for example a rich driver could flip all the red lights green. How sucky would that be if you had to wait at extra-long reds? But no. You had already preset the amount you were willing to pay in bidding for the traffic light to change, and it was far less...but more importantly you get paid for your waiting time. If it's not worth your while to wait and get paid today, just set your asking price higher (a dial just for this purpose is on your dashboard). You only wait if the other driver is offering enough to make you interested in waiting.

...so long as the guy in front of you isn't blocking your paid for fast lane.

In practice you'd probably have to pay off everyone in line, if there were that many people, which would be expensive but some would likely do it. My guess is all vehicles would be in some kind of OpenBazaar-style web of trust anyway, and that would likely smooth out a lot of the edge cases.

brg444

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Bitcoin replaces central, not commercial, banks

it'll be a chip. for crypto identity, hardware wallet with supporting nodes and private, priority mining.

to be installed in Samsung phones 2016

inca

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Quote from: ElectricMucus on March 15, 2015, 03:35:13 PM

Also it's Bitcoin ASICs get over it.

Source? Or just doing your usual trick of presenting opinion as fact?

ElectricMucus

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Also it's Bitcoin ASICs get over it.

ElectricMucus

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Marketing manager - GO MP

Quote from: Shiver on March 13, 2015, 01:17:30 PM

Quote from: Zangelbert Bingledack on March 10, 2015, 02:03:35 PM

Now some people imagine this as heaven for the rich, like if for example a rich driver could flip all the red lights green. How sucky would that be if you had to wait at extra-long reds? But no. You had already preset the amount you were willing to pay in bidding for the traffic light to change, and it was far less...but more importantly you get paid for your waiting time. If it's not worth your while to wait and get paid today, just set your asking price higher (a dial just for this purpose is on your dashboard). You only wait if the other driver is offering enough to make you interested in waiting.

...so long as the guy in front of you isn't blocking your paid for fast lane. Maybe in a generation or so, but it's going to take a while. Look at toll booths in London. It will take a lot of time to implement that around the world. Great concept though for wealth distribution (and being an intentional sunday driver).

Wow I almost missed that nugget.

Hard to come up with a better argument against randian fantasy babble than simply displaying it.

Shiver

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Quote from: Zangelbert Bingledack on March 10, 2015, 02:03:35 PM

Now some people imagine this as heaven for the rich, like if for example a rich driver could flip all the red lights green. How sucky would that be if you had to wait at extra-long reds? But no. You had already preset the amount you were willing to pay in bidding for the traffic light to change, and it was far less...but more importantly you get paid for your waiting time. If it's not worth your while to wait and get paid today, just set your asking price higher (a dial just for this purpose is on your dashboard). You only wait if the other driver is offering enough to make you interested in waiting.

...so long as the guy in front of you isn't blocking your paid for fast lane. Maybe in a generation or so, but it's going to take a while. Look at toll booths in London. It will take a lot of time to implement that around the world. Great concept though for wealth distribution (and being an intentional sunday driver).

ABCbits

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Crypto Swap Exchange

I hope they will make customer-friendly hardware wallet / SIM card for bitcoin

I wonder if bitcoin price can rise up after this news ?

ErisDiscordia

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Imposition of ORder = Escalation of Chaos

Quote from: ssmc2 on March 12, 2015, 09:35:54 AM

Whatever they plan on doing, the fact that this guy is near the helm is pretty damn exciting.

http://www.wired.com/2013/11/software-is-reorganizing-the-world-and-cloud-formations-could-lead-to-physical-nations

Exciting visions of the future right there!

RodeoX

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The revolution will be monetized!

Wired and monetized everything, blockchain identity for cell phones; my mind is blown also. There are so many directions this could go that I don't know which way to look.

ssmc2

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Whatever they plan on doing, the fact that this guy is near the helm is pretty damn exciting.

http://www.wired.com/2013/11/software-is-reorganizing-the-world-and-cloud-formations-could-lead-to-physical-nations

Hunyadi

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☑ ♟ ☐ ♚

Quote from: ElectricMucus on March 10, 2015, 10:05:37 PM

Quote from: tarmi on March 10, 2015, 09:50:52 PM

with that kind of money they can own 50 % of the network right now.

They just want to sell devices probably.

I don't think this is about bitcoin miners...at least, I hope so. It would be pretty anti-climatic.

HarmonLi

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Honest 80s business!

Quote from: Kipsy89 on March 11, 2015, 06:05:37 AM

They really should embed a secret element in the phone that enables the device to store BTC safely, man. This could work without any risk of the keys/seeds being exposed, even if the phone is rooted.

That's actually not a bad idea. I also believe that the key (no pun intended) to security in the Bitcoin ecosystem lies in hardware-secured wallets. Trezors are the prototype, but it would be really interesting if this secret element (right now used to store fingerprints, etc.) is integrated into a phones' SoC or something.

Kipsy89

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Relax!

Quote from: L0uis on March 11, 2015, 07:45:46 AM

I wonder if this 116M is counted as investment in the 'Bitcoin ecosystem', like the 75M for Coinbase was. That will make 2015 going with a sick start, on paper.

Just imagine what's still to come! It's only March and we're up quite a bit. If this year goes well - also price-wise - we may be in for an even better 2016 (with reward halving, man!!!)

L0uis

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I wonder if this 116M is counted as investment in the 'Bitcoin ecosystem', like the 75M for Coinbase was. That will make 2015 going with a sick start, on paper.

Grafzep

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Quote from: ElectricMucus on March 10, 2015, 09:30:30 PM

Also that (insert buzzword salad) 21 inc would be doing looks to be probably mining:
https://www.cbinsights.com/company/21e6

Quote

21 Inc, formerly 21e6, is a stealth company that aims to manufacture Bitcoin ASIC. Company (Alive / Active)

A Bitcoin ASIC doesn't need to be a mining ASIC

Kipsy89

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Relax!

They really should embed a secret element in the phone that enables the device to store BTC safely, man. This could work without any risk of the keys/seeds being exposed, even if the phone is rooted.

Topic: Qualcomm funds startup to use Bitcoin for Internet of Things - page 2. (Read 5541 times)