Bitcoin Forum

I decided to make a topic for collecting as much info on 21 inc and the people behind it to better understand what it is or will be. Any info is helpful.

http://www.bitcoinvox.com/article/1529/bitcoin-startup-raised-usd116-million

http://www.coindesk.com/21-ceo-balaji-srinivasan-bitcoin-job-fair/?utm_content=buffer45f7f&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

http://www.reddit.com/r/Bitcoin/comments/3354pl/21_inc_clues_abound/

there isn't much more to add, you have covered everything it seems, but i found this

https://www.reddit.com/r/Bitcoin/comments/336f1w/its_not_about_21_inc_its_all_about_qualcomm/

They are still keep misterious, but as the recently report they may find a way to build a closed loops for bitcoin.

The "rumor" that I heard about 21 was that it was going to be an Internet of Things company for bitcoin mining. So your thermostat suddenly becomes a miner. It doesn't seem feasible (difficulty would go off the chart), but who knows?

Besides what kind of hashing power could possibly a thermostat have? It seems pretty pointless trying to compete against the big mining machines, how could you profit from it?

There's lots of clues about ASICs. ASICs can do many things other than mining. I can't see concentrated farms being pushed into irrelevance by an army of toasters and hairdryers.

Besides, their remit appears to be mass adoption. Mining, for better or worse, will never be on the public's radar.

True. It would be utterly pointless. But I think they are looking to put wallets in everything not miners. A thermostat with a wallet is a powerful idea. For example your rent could include free heat. But if you want more heat than they offer you could buy 24 hours worth from your thermostat. The same chips could allow countless machines to be monetized. Your refrigerator could even manage it's own money, buying replacement parts when it breaks or ordering more milk when your out.

In a more distant future your car may notice that it's low on fuel as it drives you to work. While you read your email it is buying fuel at the next station and arranging it's place in the line.

 

The flow of water coming in a home could be converted to electricity to create bitcoins, and the toilet flushings, et al., could be used to create...wait for it...shitcoins.

If one's a farmer, he could capture the methane from his cows via a 24/7 mask, converting that to electricity to runs miners. Imagine what a termite farmer could produce via miniature masks.