21's big idea......$75M of funding

I mean that its not a really new idea, how evilly it is implemented is a different matter. But imagine a world where free internet infrastructure is monetized in a way that contribute 75% to profit the guy that enforced it. I’d say that it differs from safe by fairness, but thats too soon to say…

If it only were so easy, there would be just one shareholder - the first guy who heard the pitch.
But there’s more than one. Why is that? Because they’re not sure they won’t lose money on this venture.

THE 21 BITCOIN COMPUTER - $399.99

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  • All the items you need to get started - including a WiFi adapter, laptop-to-device cable, RPi 2, and power supply

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“The 21 Bitcoin Computer… is encouraging users to dream up cool and new things.” CoinDesk

CoinDesk? :anguished: What has this world come to?

Janitor is right. We need to remind people that they do have a choice and we need to make a very clear distinction between SAFE and 21 to have a chance against these this well funded and heavily sponsored money making machine that is [quote=“neo, post:58, topic:3870”] worse than leeches.[/quote]

Here is the latest Coindesk article:

http://www.coindesk.com/21-plan-bitcoin-computer/

“We’ve taken every computer and turned it into a Bitcoin Computer. It’s a new way to monetize online,”

God help us!

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From that link:

Describing how the software can be used to create a machine-payable service, Balaji walked through the process of adding a single line of code to any application. This, he said, allows the developer to introduce micropayments.

“You can say, I want 5,000 satoshis per API call. You can have arbitrary pricing and surge pricing. You can go retrofit or build new applications that use bitcoin micropayments,” he said.

One of the most obvious things about Bitcoins is that you literally can’t do micropayments with them. We can’t do micropayments with credit cards, and they can handle many thousands of times more transactions than Bitcoins can, or will ever be able to, and it’s not even a side-effect: it’s by design (I seem to recall having read something along those lines by Satoshi once; whether it’s by design or a result of the design doesn’t change the fact anyway.)

In short, this thing makes no sense.

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Very knowledgeable comment. @Safety1st and @whiteoutmashups, your meaningless likes have been noted.

When you find time take a look at the micropayments app and let us know how/why it cannot work.

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Doesn’t their computer seems a bit overpriced, for a Raspberry-Pi-looking-thing pre-loaded with software and a blockchain (like, wow)?

A “Bitcoin mining chip”? Is that an ASIC? I can’t find any technical specifications.

Lack of transparency; painting a big, alluring picture (like an ad on the back of a men’s magazine for a course on dating, or a course in the lucrative field of computer engineering (!), or commercial art(!). Either get laid or get a fantastic new career! Yes! Here is my money now please rush me your course on getting laid or getting rich!

Scam.

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Doesn’t their computer seems a bit overpriced, for a Raspberry-Pi-looking-thing pre-loaded with software and a blockchain (like, wow)?

Yes it does. Which is why they now announced a software only version:

The media spotlight is shining on the Satoshi identity circus while no one is talking about what really matters:
“21 makes bitcoin the currency of the machine-payable web. Get bitcoin on any device, add bitcoin to any app, earn bitcoin on every HTTP request.”

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You’re absolutely right!
Even on this forum the identity circus got undue attention (I muted that topic - Mute is a great feature!).

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I wouldn’t say meaningless because I was agreeing with @Tim87 that micro payments on the blockchain as I understood it does not make sense.

Also, I don’t always have to understand and/or agree with everything in a post in order to like it as long as I can pull something useful and valuable from it. Your post is a perfect example of this.

Thank you for helping to increase my knowledge of how micro payments could in fact work on the blockchain.

One thing I do not like in any way shape or form is 21 inc and I hope safecoin can be made divisible quickly in order to help us compete with their micro macro ripe off.

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Even if it only applies to topics…

On topic: 21 didn’t invent the lightning network, and it is not clear what they actually bring to the table that others could not do.

Safecoin doesn’t need to be made divisible. Just create other coins exchangeable for Safecoin at a fixed rate (some multiple of ten) with a simple bot.

For example, millisafes (ms) or microsafes (μs) exchangeable with Safecoin at 10^3 and 10^6 respectively.

The bot instantly pays out, say, 999 ms for one Safecoin, and one Safecoin for 1,000 ms. A really simple webpage like shapeshift.io. There’s a simple business model there. :slight_smile:

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So much misinformation here. The thing is if 21 pull of what they are trying to do it will be amazing.

It will lock bitcoin down as hard money via billions of devices doing a type of altruistic mining. Not for the value of the coin but to give every off the shelf device a digital, unforgeable, passport to
the single point of truth, the blockchain.

If you cant see the benefit in this, its the reason you were not handed 75M.

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That’s your problem. The fact that you don’t like A isn’t an argument against A.
And why are you linking A with B when there aren’t even related or let alone competing projects/products?

As @MaxSan said they’re headed in the right direction and Regular Joe should be happy that they’re doing this on the investors’ dime (same as MaidSafe, actually, but in case of MaidSafe most of us at some point or another were indirectly funding the effort with our money).

If they fail, fine. If it works out, great. I’m sure noone will use it for other purposes than to better himself/herself, so I can you have a socialist envy issue.
Since you’re obsessed with 21-SAFE “competition”, maybe you can share you thoughts about the economics of streaming SAFE contents and getting paid via 21’s streaming service. Is that going to be good for SAFE or not? Let us know.

Where you not making a similar link in your quote below?

Am I not allowed to express my likes and dislikes on this forum?

I am not a economist so I’ll pass thank you!

In a different topic related to one particular common feature of the both, yes.
Never said they’re competing products. VISA is also used for payments, but it’s not a SAFE Network competitor.

Am I not allowed to comment on your expression of your likes and dislikes?

If you think you understand IT better, you’re mistaken.

In any case, since this very topic appeared 14 months ago, those who were negative and indeed hostile to 21, bitcoin and their solution have been proven wrong over and over again. Love your negativity, sir!

Really? Please share these links.

Do you believe I am being negative towards those who support and may profit off the 21 windfall? By no means! No judgement here! Many a times I’ve invested in companies that do not perfectly match my ideologies. Even the SAFE Network has flaws like most everything else in this world. There are just some companies that do more harm than good and I am grateful for the free market that allows for healthy competition against them.

[quote=“janitor, post:12, topic:8149, full:true”] More news about the useless 21.co (as per our crypto gurus from this topic) - they’ve made a smart move by also making the s/w available. So those who aren’t very technical can get the little thing, and others can mess around with the s/w.

How to install: just open up your terminal and type: sudo https://curl 21.co | shTo review the code before running, run curl https://21.co | less

The s/w currently supports:

Mac: OS X 10.7 and above
Linux: x86 and x86_64 systems
ARM: armv6 and above

A Windows version is coming out soon.

I’m thinking about repurposing one of my ARM devices for this thing. [/quote] (emphasis mine)

So make your profits sir! But please allow me to continue obsessively promote my beloved SAFE to be as competitive as possible to secure my profits here.

LOL! How about

One thing I do not like in any way shape or form is 21 inc

Or the award-winning (10 likes) comment:

They either need a solution to bitcoin’s problems (mining centralisation, poor transaction throughput and latency, energy inefficiency etc.) or they are going to fail.
The bitcoin community seem to be making zero progress addressing these issues. The only tech I’ve heard of that claims a solution is side-chains which are years away I think

(As I shared in the other 21 topic, micro-payment channels can already be used).

Or this (emphasis mine):

I don’t see how their tiny chip can do anything useful. I haven’t done any analysis, but this is now the problem with bitcoin.

Or this complete misunderstanding of the direction in which 21.co was headed.

What I notice here is not using the blockchain technology as a technology to achieve the objectives, but rather using the blockchain to do some things

Their platform has the most apps that do things for users, in their own environment.

Fair enough, I don’t object to anyone securing their profits.

I’ve said this several times: I use my systems to run services for the benefit of the community. If I can add 21.co’s apps to my existing h/w, it’s no extra cost to me. Why not? I’ll do the same with SAFE s/w.

If 21.co becomes successful, it is more, not less likely that SAFE will also be successful.

I could not find any explanation of how a CPU/GPU based mining system, as would be the case with the purely software option, is going to mine any amount of Bitcoin in competition with warehouses of ASICs.