Does this seem rather expensive for what it does? It looks like a rasberry Pi, do you have demos or something, Why would I want this?
If you're asking the question then you probably don't want or need this.
Topic: The 21 Bitcoin Computer - page 6. (Read 11856 times)
If you're asking the question then you probably don't want or need this.
Does this seem rather expensive for what it does? It looks like a rasberry Pi, do you have demos or something, Why would I want this?
Looks like those computer isnt at the right and fair price all people complaining about the price to get it,and well the pros are too many soo this will end to fail .
The possibilities are endless, 21inc is concerned with creating the tools to enable these use cases.
If the possibilities are endless, give me a list of the top 100 uses please.
This company has a lot to live up to with all the press since their VC earnings, they better hit a home run every at bat or the bitcoin community will chew them up and spit them out.
I don't expect it to be much use at all, but I will let others try it for me 
Ordinarily, that would be through creation of an account on the company's server, which is hackable. For 21, authorization to access service X might be a function of a 1 satoshi transaction to the 21 servers from the BTC computer.
The latter is fundamentally less hackable than the former how exactly?
Sounds like smoke and mirrors to me, or an attempt put some sort of new spin on a fairly routine business (running a server to process transactions) in order to justify a higher valuation the way companies like Square claim to be doing "payments innovation" but they are really just signing up merchants and getting credit card processing commissions (i.e. smoke and mirrors also).
Sounds like a centralized payment system that is superior to the old centralized payment system primarily from the perspective of someone who manages to place himself at the new center.
Don't know, I'm not really a tech person nor do I necessarily use certain words like the industry pros do. Was just thinking it would be difficult to spoof a spend from the btc computer to a 21 provided address. I guess an attacker could try and change the receiving wallet, but then authorization to the service may fail (again, not really sure, just thinking out lout if you will).
And this is why I'm broke!
Good thing it's on pre-sale, otherwise I'de had to buy one of those...
Good thing it's on pre-sale, otherwise I'de had to buy one of those...
Slow news week. This gadget is getting more attention than it deserves.
"I can't use this thing! It's worthless!"
"I don't understand the value, it's worthless!"
Slow news week. This gadget is getting more attention than it deserves.
i will buy one of this. I am curious what can do this little machine 
Ordinarily, that would be through creation of an account on the company's server, which is hackable. For 21, authorization to access service X might be a function of a 1 satoshi transaction to the 21 servers from the BTC computer.
The latter is fundamentally less hackable than the former how exactly?
Sounds like smoke and mirrors to me, or an attempt put some sort of new spin on a fairly routine business (running a server to process transactions) in order to justify a higher valuation the way companies like Square claim to be doing "payments innovation" but they are really just signing up merchants and getting credit card processing commissions (i.e. smoke and mirrors also).
Sounds like a centralized payment system that is superior to the old centralized payment system primarily from the perspective of someone who manages to place himself at the new center.
One use authentication through blockchain transactions, the other through login/pw
You can not do 1 satoshi transactions on the blockchain. You will be interacting with a server. If there is a server, it can be hacked.
21 says right in their own announcements that they will be providing server back ends. It is also obvious if you look at their jobs postings which were reported here a while back, looking for server-side and cloud experts.
Ordinarily, that would be through creation of an account on the company's server, which is hackable. For 21, authorization to access service X might be a function of a 1 satoshi transaction to the 21 servers from the BTC computer.
The latter is fundamentally less hackable than the former how exactly?
Sounds like smoke and mirrors to me, or an attempt put some sort of new spin on a fairly routine business (running a server to process transactions) in order to justify a higher valuation the way companies like Square claim to be doing "payments innovation" but they are really just signing up merchants and getting credit card processing commissions (i.e. smoke and mirrors also).
Sounds like a centralized payment system that is superior to the old centralized payment system primarily from the perspective of someone who manages to place himself at the new center.
One use authentication through blockchain transactions, the other through login/pw
Ordinarily, that would be through creation of an account on the company's server, which is hackable. For 21, authorization to access service X might be a function of a 1 satoshi transaction to the 21 servers from the BTC computer.
The latter is fundamentally less hackable than the former how exactly?
Sounds like smoke and mirrors to me, or an attempt put some sort of new spin on a fairly routine business (running a server to process transactions) in order to justify a higher valuation the way companies like Square claim to be doing "payments innovation" but they are really just signing up merchants and getting credit card processing commissions (i.e. smoke and mirrors also).
Sounds like a centralized payment system that is superior to the old centralized payment system primarily from the perspective of someone who manages to place himself at the new center.
main problem: people dont understand the vision of that company.
[ ] This is the fault of the (non) customers for being too stupid (or just not psychic enough)
[ ] This is the fault of the company for not communicating its vision effectively.
Needs more info i'll agree but it is preorders and I think this initial round is very developer centric and test bed while they fine tune a more cut down device.. I guess consider it like an occulus rift dev kit?
It was and is easy to understand the vision of OR.
21inc. project involves a whole new paradigm of machine-to-machine value transfer and integration into IoT.
Now you might think IoT is a gimmick (I did for awhile) but what 21inc. is trying to do brings a whole new aspect to it.
What OR was/is doing was nothing particularly groundbreaking. The execution is but the vision is something people had envisioned for a long, long time.
Your shilling couldn't be any more obvious. "Whole new paradigm" HA!
So you don't consider machine-to-machine transactions a new paradigm?
main problem: people dont understand the vision of that company.
[ ] This is the fault of the (non) customers for being too stupid (or just not psychic enough)
[ ] This is the fault of the company for not communicating its vision effectively.
Needs more info i'll agree but it is preorders and I think this initial round is very developer centric and test bed while they fine tune a more cut down device.. I guess consider it like an occulus rift dev kit?
It was and is easy to understand the vision of OR.
21inc. project involves a whole new paradigm of machine-to-machine value transfer and integration into IoT.
Now you might think IoT is a gimmick (I did for awhile) but what 21inc. is trying to do brings a whole new aspect to it.
What OR was/is doing was nothing particularly groundbreaking. The execution is but the vision is something people had envisioned for a long, long time.
Your shilling couldn't be any more obvious. "Whole new paradigm" HA!
The price is absolutely incompetitive. Chinese will make it (if this product is good ) much cheaper - so where is a profit?
To my mind it's a great laundering of money, my condolences for investors.
) much cheaper - so where is a profit? To my mind it's a great laundering of money, my condolences for investors.
This "Bitcoin computer" is obviously not their business model.
Yep. Not sure if anyone has mentioned this yet, but in further thinking about the biz model (see my last post in this thread), I don't see why this little computer isn't a authorization/subscription service management machine. If customer wants to use X service provided by Y (which might be 21, an affiliate, partner, etc), the customer will need to prove they have authorization to access the service. Ordinarily, that would be through creation of an account on the company's server, which is hackable. For 21, authorization to access service X might be a function of a 1 satoshi transaction to the 21 servers from the BTC computer. So, mining profitability doesn't matter (and neither does storing user info); what matters is a constant supply of satoshis, which supply is generated just by plugging the machine in and mining on the 21 mining pool. For example, maybe 21 is going to try and compete with Netflix. If you want to use their streaming service (and Verizon predicted yesterday cable companies will be dead in 10 years, everything will be streaming), you have to use their box which can't be faked b/c it relies on btc transactions on the blockchain.
EDIT - I remember a 21 presentation at Goldman Sachs a few months ago (I watched the video on the GS website, I don't work for GS). At the time, they were thinking that their platform would make mining for profit obsolete because everyone would be mining and most transactions would be a fraction of a bitcoin. BTC Computer seems consistent with what was discussed that day at GS.
The price is absolutely incompetitive. Chinese will make it (if this product is good ) much cheaper - so where is a profit?
To my mind it's a great laundering of money, my condolences for investors.
) much cheaper - so where is a profit? To my mind it's a great laundering of money, my condolences for investors.
This "Bitcoin computer" is obviously not their business model.
The price is absolutely incompetitive. Chinese will make it (if this product is good ) much cheaper - so where is a profit?
To my mind it's a great laundering of money, my condolences for investors.
) much cheaper - so where is a profit? To my mind it's a great laundering of money, my condolences for investors.
If you want you can make it yourself for $250.
http://www11.pic-upload.de/22.09.15/h9q84doqv.jpg
1. Raspberry Pi 2: $35
2. 128 GB memory card: $75.95
3. Raspberry Pi B+ Power Supply: $6.99
4. Raspberry Pi WIFI Adapter: $8.56
5. Raspberry Pi Cooling Fan: $7.99
6. USB to TTL Serial Cable: $9.95
7. Heat sink: $10
8. 125 gh/s USB miner: $93
The total cost of these components is $247.44.
The price is absolutely incompetitive. Chinese will make it (if this product is good ) much cheaper - so where is a profit?
To my mind it's a great laundering of money, my condolences for investors.
) much cheaper - so where is a profit? To my mind it's a great laundering of money, my condolences for investors.
I thought this article did a good job of explaining what these could be...
https://medium.com/@21dotco/a-bitcoin-miner-in-every-device-and-in-every-hand-e315b40f2821
Highlarious!!!
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