Crosspost to here and Reddit https://www.reddit.com/r/Bitcoin/comments/2sg0m0/mycelium_entropy_and_other_stuff_update/

Hi guys. Another post on the status of Entropy development. Tuesday (yesterday) we received word from the factory that the first batch of 1,000 pieces is done! The devices are now undergoing testing and flashing. There was some brief issue where the test firmware we gave the factory wasn't working for them, but Artur, one of our main Entropy hardware devs, got on it remotely and helped resolve the issue quickly. Testing and assembly (sticking them into cases) should be quick, and then we can finally start packaging and shipping. Sorry that this has been such a long and tedious ordeal, but it is finally coming to completion.

With regards to the Wallet, we are finalizing everything needed for full Tor support, and working on adding support for importing and exporting xpub and xpriv keys (HD wallet equivalent of bitcoin addresses and private keys). The later is in anticipation of getting Entropy to create HD seeds, which is also being finalized. There's also some support for certain hardware wallet users coming, who have been complaining about having to rely on their computer and a specific website just to get to their funds. No word yet on Rivetz with regards to their TrustZone API, but we're sure they'll be ready soon.

Also, this weekend we will be down in Miami for the North American Bitcoin Conference. We are flying in, instead of driving, so I won't be able to have my printer with me to demonstrate Entropy devices. By we I mean I, and Mycelium's CEO. He's flying in all the way from Vienna, so this could be your chance to meet the mysterious guy behind the company. Hopefully, we will also have something completely new, and something else very anticipated to show off while here, too, and maybe have more announcements as well. Come stop by and say hi!

Mycelium lets you create transactions while it is offline, and broadcasts them when it gets an internet connection. So it could still work with really spotty connections, just not instantly.

Can't wait! Though they have been promising this for 20+ years now... How will Russia handle this? Are they so low they can't go any lower?

I note that of those many, not a single one has had any proof yet.

I put all my savings into it too. That was before December 2013. And I haven't sold any yet, other than what I need to use to pay for everything. I pretty much use bitcoin to pay for everything at this point.

Mycelium HD wallet still keeps track of all its prior addresses and checks them for balances. If you keep the HD account active and not archived, you will still receive any funds sent to any of its old addresses. Archiving it just keeps it from scanning for old address transactions, which you can do in case it starts taking too long to sync (I have over 120 transactions on mine, and it's still ok), but you can always just reactive an old HD account and ave it rescan all old addresses again.

We got an update from the factory that manufacturing will be finished Tuesday, then it's assemble, package, and ship.

We have an explanation of how the wallet and backups work here http://mycelium.com/wallet/help_20.html

In short, if you still have single address accounts, you can back them up the old way by going into Settings and at the bottom selecting Legacy Backup, but we strongky recommend that you switch to using HD wallets (they have the icon with three keys next to them), and any addressesm or extra HD wallets you create are backed up and restored using just the 12 words. Best of all, that 12 word backup "seed" is standard, and works in any other waller that follows BIP39 and BIP44 standards (like Trezor).

Reddit post on this topic:

http://www.reddit.com/r/Bitcoin/comments/2rn46k/been_using_western_union_and_xoom_for_years_to/


Also, you don't even need a computer to use bitcoin. Just a phone that can do SMS.

Wait, what? Why do you need to know about computers, or have one, to use bitcoin? You can just use it on a phone. Even a dumb phone, with SMS, through Coinapult. If there is a bitcoin ATM somewhere, or a local trader willing to swap, then you just receive coins from overseas through SMS, and then cash it out locally.

Or they will move their assets into bitcoin, and be powerful bitcoiners.

Russia's corruption was communist corruption, not capitalist, based on national pride and bragging rights. Plus such an energy device would have made the Soviet army unstoppable. So that's not a good reason.


Of course! New theories come in to fix or replace old ones. Newton's theories were shows to not be 100% accurate by Einstein's relativity theories, and later Einstein's theories were shown to not be 100% accurate by new quantum theories. Hawking is proving more and more older theories to be incorrect too. Science isn't a bunch of laws, its an evolving understanding.

Loss from tourism in Russia, in the mean time, is 20% to 40%.

http://www.telegraph.co.uk/travel/destinations/europe/russia/11069901/Russian-aggression-deters-tourists.html

Also consider that Russian tourists in russia will be spending rubles, while foreign tourists would have been spending much needed euros and dollars.

And Sochi? You mean this Sochi?

http://weburbanist.com/2014/09/09/post-olympic-abandonment-sochi-already-on-the-road-to-ruin/

I do wish them luck, though I can't find anything about that place being a hot destination right now. I don't even know if some of the hotels are finished being built yet (they were still under construction during the Olympics).


Plus I wouldn't bet that a lot of that "Russian tourists are deciding to spend vacations domestically" is because russians are boycotting other countries. It's more likely because they are broke due to the fall of the ruble and drop in economy and employment. A Russian saying comes to mind: what is the relationship between dollars, pounds, and rubles? A pound of rubles is worth a dollar.

What does USA have to do with Russia's actions? Is USA controlling Russia? Was I defending USA's actions? Did you know that North Korea and Iran have propaganda and want to invade neighboring countries, too? Can you tell me what they have to do with Russia?

The fact that this entire thread is literally propaganda, that portrays Russia not as it really is. People looking at this may think "wow, Russia is an interesting place with a different culture, like India or Japan. I should go visit and see their wonderful people, nature, and architecture, and experience their culture." But please don't visit. It's dirty, corrupt, poor, and very dangerous.

Why would Soviet Union leaders suppress it, for 70 straight years, when they can use it to brag about the superiority of their engineers, bring down US oil empire, and become the dominant energy producer in the world? They didn't care about financial stuff of capitalism.

That's probably more a foreshadowing of RBE than anything. If resources are efficiently allocated, and everything one needs to survive is provided, people will still use something as money on the black market to try to get a little bit more.

It's a bit ironic that although TZM rejects the monetary system and the market economy entirely, almost none of its followers do.




Actually no, the ruble was not a money, per se. Money is basically like any other commodity, traded on the exchange, and having its value established by the same supply vs demand aspects like everything else. Cost of labor (wages) and price of goods all change constantly in relation to money, and depend of the supply of each compared to the demand of each (how much money is in circulation vs how much that money is sought by others, compared to how many apples are in season right now vs how many people want apples, determines how much money will be exchanged for apples, aka their price).

In contrast, rubles were essentially coupons or points that could be exchanged for other things based on a fixed exchange rate. Job wages were not earned based on demand, as they would be with money, but rewarded in ruble "points" based on their perceived importance, and the number of ruble "points" spent on an apple would be set (by central planners) based on their need for subsistence, and somewhat on the complexity of its production. In essense, a ruble was no different than a card you could get for 8 free coffees, where each time you visit, one of the 8 coffee squares gets punched out with a hole punch.

So, yeah, RBE is like communism, where all resources are planned out, and allocated using the point system.

Information is not a limited resource (thus people don't consider intellectual property actual "property"). So there is no need to allocate it. An individual can come and take it, and it won't diminish the supply of the original. So it's not a good comparison to actual physical resources.


You did actually say that capitalism is something done at the expense of others, since your point is that capitalism is exploitative. And regarding your question, that's not an expense, that's a hypothetical. Plus we know those resources could not be better spent elsewhere, because if they could be, I would be offered more than $40 for it by someone else, or you would have spent that $40 on something you needed more than the card. The very fact that I traded the card for $40, and you traded that $40 for the card, means that we as individuals chose this as the best use of our resources in this situation.



Own as in I have control over it, can claim objective ethical right to it (I used my own body and mind to create or obtain them without forcing them out of anyone else), and have the support and agreement of society that these coins belong to me, since those I am involved with agree that I obtained them fairly.

Private property as in things that I can rightfully claim to belong to me. That I own.

Since Tesla's time, we have developed instruments and technology even beyond his comprehension. What he was working with is the equivalent of trying to send astronauts to the moon using nothing but wood, hammer, nails, and gunpowder. We can test and detect things he didn't even dream existed.

So, how come no one had been able to replicate any parts of his later comparatively primitive technology? J.P. Morgan does not control the world. For 70+ years there was a whole country full of brilliant scientists and engineers completely walled off from the rest of the world, safe from J.P. Morgan's influence. They also has access to all of the same info that was publicly available on Tesla as everyone else, and knew about his inventions. So, can someone explain to me why they never invented or figured out anything close to what Tesla claimed with his flying machine and free energy?

For that matter, that superpower country was also not under control or threat of oil and energy companies, and had a huge incentive to invent a free energy or overunity device to bring down American oil empire. How come they failed despite decades of trying?