You say antiscientific lies. Nothing you said is based on actual observable science. You must be paid by shucsters and charlatans selling their fake motors and bullshit conspiracy books.

Technologist =/= economist. If things indeed get more and more efficient, that by definition means they will be cheaper to make and cheaper to produce. So a family will be able to survive on the salary of only one person, again. Don't forget that we used to have less than 50% of the population employed in the past, and we did fine.

Hi guys. Here is the update on the Entropy progress. The software is done, the hardware is finalized, the CE compliance is done (shown on the USB connectors in the image below), and the circuit boards are finished and ready for assembly. We were expecting them earlier, but because we changed the cases from plastic to metal, we ended up having to move chips around on the board to make sure they fit into the slimmer cases. As a result, the devices are much more durable, the metal case shielding makes them resistant to any EM interference, and it spares us from needing to go through extensive FCC and CE testing. (You can see the comparison of the old design to the new cases in the image links below).

Because we were not completely sure that the slightly redesigned boards would fit and align with the cases correctly, we had to only order a few sample cases so we could test them to see if they fit right. Since the circuit boards are at the assembly facility, we created an exact 3D printed replica of the board to test the fit (picture below). Now that we know that they fit ok, the cases are being ordered, and as soon as they get here, everything will get assembled, flashed, packaged, and shipped out. Sadly, and unexpectedly, the company making the metal cases has given us a 6 week estimate as their expected production and assembly time. So although we have everything else ready, we apparently miscalculated on the estimate for how long it would actually take to put the things together. In short, when we guessed way back in June how long this would take, we ended up guessing wrong, and we are extremely sorry about that. Yes, we are aware of the ridiculous trend of delays in this market, and we were really hoping that we wouldn't be another example (for a while we actually thought that maybe we could get them out even before October), but we are practically finished at this point, and just got surprised by the final step.

On the bright side, this does give us extra time to tighten up the software security even more. Actually, in a way, all our delays - from moving expected shipping to late October instead of earlier (after initial feedback led us to add many more entropy sources to protect against compromised hardware), to the metal cases slowing us down now (which we decided on after we received concerns about interference from nearby high voltage power lines) - have been due to the feedback and suggestions in security improvements from our community. In a way, this project became an open collaborative process, with a lot of discussion and feedback, and although it slowed things down a bit, it did increase the security of the devices considerably. We have increased the number of entropy sources, and added even more internal tests against outside interferences (such as fluctuations in temperatures, magnetic interference, timing, etc) to make sure the entropy sources are not compromised. We also added custom settings, such as switching between Bitcoin, Litecoin, and testnet, switching between compressed and uncompressed keys, and software key signatures for those who want to build their own firmware. With the delay, we will use this extra time to add even more customizable security settings, such as the ability for you to add your own random salt (such as Diceware) so you can generate verifiably random keys even without having to trust us and our hardware suppliers, as well as tools for users to obtain the raw random data which is generated by Mycelium Entropy every time it is plugged in, and to analyze it to verify that this seed random data contains more than enough entropy on the random seed to properly generate a unique private key, that the random seed data is unique, and there are no deterministic techniques used to generate it (that it is really an entropy-based white noise collected in the silicon of the Entropy device microcontroller).

When we are done with these things, they will probably be the most secure private key generators on the market (not counting your printer security...). To help with that, we are also now releasing the source code for the Entropy devices, which you can find here:

https://github.com/mycelium-com/entropy

Please feel free to review the code, and let us know if you have any concerns about anything, or if you want us to add something or even contribute your own code. For those looking to add altcoin support, now is your chance to figure out how as well.

* [Old device design](https://i.imgur.com/IVmisRt.jpg)
* [New device design](https://i.imgur.com/aLq7nbN.jpg)
* [New device in case](https://i.imgur.com/lKU8OM0.jpg)
* [3D printed circuit board to test fit](https://i.imgur.com/gwNqpso.jpg)
* [USB connectors w/ CE certification](https://i.imgur.com/UHlvZlN.jpg)
* [Engraved cases](https://i.imgur.com/6ySzZMz.jpg)

It shouldn't be a problem to receive more than one payment to that same address, since all your old addresses are monitored for payments. There might also be an issue that, since HD wallet addresses are generated sequentially, the wallet scans each address to see if it's empty, and if it is, assumes that it was the last one used and doesn't scan for any new ones (we scan 2 ahead). So there may be an issue where, for example, you give three people an address to send to, each one having a new address, and the first two people don't send anything. Since those addresses will be empty, the wallet will think that it's the end of the used addresses and that there are no payments to any later addresses, and the third person's payment (or any after it) will not show up. Only way to get around that is to scan ahead for even more addresses, and/or limit the amount of empty addresses you can generate. But as I said, there shouldn't be a problem with two people sending to the same address.
Should we manage to implement stealth address payments, this won't be a problem anyway.

Oh geez. Having a background in electromagnetism, I really should stay out of this loony bin, but since I'm too much of a sadist...



Quantum doesn't make the scientist "produce" the outcome, but rather the outcome observed depends on how the scientist observed it. The outcome is the same, and is produced by nature regardless of what the scientist does. But, like looking at something from the left side or the right side and seeing two different outcomes, in quantum physics observation are different based on how one looks.


They make a theory based on previously observed evidence. A theory is simply a best guess explanation for the reality observed. Theoretical physicists observe some events in nature, which obeys its own laws, and come up with theories to explain how it does those things that it actually does. You make it sound as if theory is something scientists thing happens, while nature has something else happen, which is absolutely not what a theory or what scientists do.

As for the stupid "magnet powered" motors, magnets are not a source of energy. They have zero energy when they are in a neutral position not near anything magnetic, store up energy when you bring them close to another magnetic field, and release that energy when they are let go and allowed to return to their neutral position again. It's basic Science 101 kinetic/potential energy stuff. Basically, a magnet as a source of energy is no different from a spring, which can push off when you squeeze it, but you have to add the energy to compress the spring in the first place, or a hill that will let a ball roll down off of it, but you have to roll that ball to the top of the hill to store up energy in it. For magnetic energy to start exherting any force, you first have add force to it. And whatever force you add will be less than the force you get back. You claimed that magnetism and electricity don't have anything to do with heat, but that is absolutely untrue. Magnetic fields passing through magnets and wires create heat, and in high enough energy concentrations can create massive amounts of heat. That's how hair dryers work, and why electro magnetic motors have limits on how much they can move or what kind of strain they can handle. They overheat.

That was obviously written when we thought the earth was flat, and things like "bottomless pits" made sense. Now we know it's not, and they don't.

That doesn't sound like tormented screams, that sounds like a busy crowded day at a large farmers market. I heard these kinds of "terrible" sounds many times in markets in USSR, Italy, and even in Toronto.

But that early culture was completely supplanted when the Golden Horde hanate invaded from the east and gave Ruthenian culture two options: submit or die. Russia, unlike Ukraine, submitted, and for centuries its culture came from Mongolia. I suspect most of the sweede had gone from it by the time they became independent again.

Yes. It's the price. As resources get too used, and become scarce, their supply, and thus price, will go up. Things like cost of oil, gas, and other resources going up will make us look for cheaper alternatives, like solar, wind, nuclear, wave, and other more easily acquired, though less dense, sources of energy. Removing barriers to being able to bring lawsuits against companies that damage other's property (the environment those others live in), the barriers which are ironically instituted by regulations created by the environmental protection agencies meant to prevent pollution from happening in the first place, will help a lot too. (For example, we can't sue BP and Horizons for the oil spill, because they made a deal with the EPA that they will pay a relatively minor fine for the damage, as proscribed by prior environmental regulations and related punishments for damages, in exchange for protection against any future lawsuits by private entities).

Dude makes a blatant mistake here by claiming that the market "promotes and rewards infinite consumption." Yes, if we could consume infinitely, then the company creating that product would be able to make infinite products, but in the real world, real scarcity forces the market to look for alternatives when things we consume become more scarce. So, price of the scarce thing goes up, companies look for alternatives, jobs involved with the old consumption product die, jobs around a new product gets creates, and we move on to consuming something else. (Do note that, right now, mining out, refining, and burning oil is still much more efficient than mining materials for, creating, and using solar panels and batteries. We know this because one is much cheaper than the other, the price telling us how scarce and efficient each option is.



Human beings are able to perform much more diverse jobs than machines, and are much easier to teach complex tasks than computers. As long as this is true, we will still need human beings to perform jobs machines can't, OR perform jobs that machines are too expensive to use for. So the premise that "the majority of jobs can now be done more cheaply..." is false. Farming equipment can do the job much cheaper than human farmers, but we need humans to design, maintain, and operate it. Office software can create and manage documents and spreadsheets much faster and easier than dozens of humans with pencils, papers, and calculators, yet we need people to design and code this software, and know how to use it. Likewise, a fast food place that uses a burger making robot will not be able to compete with a fast food place where unskilled labor humans can be taught to make different types of burgers and other food items every few months. Robots are cheap only because they can make a lot of the same thing over and over, but the machines themselves are extremely expensive, so buying one of these pretty much locks you into producing a single type of item for a long time. And time is ALWAYS limited in our lives, so there will ALWAYS be something out there that we would rather hire someone else to do for us (clean house, walk dog, watch baby, cut lawn, etc.) The main limits are not machine automation making jobs obsolete, since that has been happening for centuries and has been creating more and more different jobs in the process. The main limits are the legal and regulatory limits to whom you can hire to do what and for how much.

So, to answer this question, the structural incentive is competition itself, driven by our need for things to be new, unique, and different, and by our ever scarce time, which means companies have to diversify and customize the products and services they can offer, and do it quicker, meaning those people who used to make shoes by hand, can now instead use those shoe-making robots to design a bigger variety of shoes, invent much more complex and technically advanced shoes, or make custom shoes that are very specific in design and function to each customer that orders them.

As for the "thinking machines" fear. we used to do all math on paper using nothing but pencils. Calculators came about, and instead of losing all our math skills to calculators, we simply used them as tools to make more complex math easier for everyone. Advanced calculators, and eventually computers came out, and instead of losing all our math jobs to computers, we are simply focusing on doing much more abstract math, such as calculating financial forecasts, mechanical loads on a construction design, or interaction of radio and magnetic fields for complex communications systems, at a MUCH higher and more complex level, letting computers do all the nitty gritty mathematics stuff. Even the much more advanced and involved stuff. This frees the financial analyst, bridge engineer, or communications systems designer, to focus on the larger picture and more abstract and complex designs, rather than have them slave in front of a paper and pencil, or even a calculator, for weeks for every single tiny change in their idea (changes that are now processed and results given for in seconds). These "scary" more and more complex thinking machines that are being shown as boogie men will simply keep making the job of thinking and processing data easier for us, just as calculators have improved on the abacus, and computers have improved on the calculator. So, for example, instead of losing your architectural design job to a thinking robot that can design architecture just as well as you could, you will work to come up with architectural concepts, like "Colonial mixed with Greek, X meters wide, Y meters deep, Z meters tall," the thinking robot will whip up the best design combination it can think up of, and you will spend your time tweaking to make sure it looks pleasing, unique, and functional, without having to recalculate every window and every load bearing wall's structural integrity.


By the way, side comment, his claim that "All it takes is 20% to 30% rate of unemployment to destabilize society into disorder and outrage" is complete and total bullshit. I won't even ask where he got that number from, but for the longest time women didn't even work, meaning that unemployment was near 50%. Right now, according to the Bureau of Labor Statistics (http://data.bls.gov/timeseries/LNS12300000), 59% of the population in US is employed. That means that, right now, in USA, about 40% of the population is unemployed. No "disorder and outrage" here. At least not yet.




"Structural Violence" is a made up bullshit term for "some people are not skilled enough to produce and survive in this world as others." There is no answer to this one, because we are all different, and some people will simply be more skilled, more driven, and more clever to survive than others. Moreso, there SHOULDN'T be an answer, because this difference and competitiveness is what drives us to create, invent, and come up with ways to survive more efficiently in the first place. A business that is committing so-called "structural violence" on a group of people by producing a product those people are not able to produce more efficiently, DRIVES those people to invent a completely new product that itself will be more efficient, or more useful, than that business's product. Overcoming of "structural violence" is the key to progress, and will not happen without it. This is why the idea of everyone being taken care of, and everything anyone ever wants can be provided to them, is the idea of nothing changing, everyone sitting around being content and not doing anything, and our race becoming a dull, boring parasite.

So, in short, Peter Joseph is still a moron with no understanding of the thing he criticizes, and no creativity or imagination.

I don't think the comparison is whether certain regions have more access to wealth than others. That's a given. The question is, do some people in some regions have an unfair advantage over others, or is wealth the product of some individuals working harder and smarter to obtain it.

If Bill Gates was born in Africa, he probably would have tried to get an education in some American or European university (there were lots of people from Nigeria and other places in the universities I attended), and the end result may have still been similar, though it would have been harder for him to reach it.

The temperature at the center of the earth is 10,000 degrees Farenheit, so 2,000 is not surprising. Plus at that temperature and depth, there would be a lot of pressure, and gasses trying to escape, so I wouldn't be surprised if that pressure moving things around sounded like weird noises some might think sound like screams.

Or it might just be a stupid story that a couple of scientists made up, since we have gone to those depths before and haven't had the same experience. (http://xkcd.com/1040/large/)

For example, the Deepwater Horizon oil drill gets oil from about the same depth as that hole the Russians dug, yet we just get oil. The Marianas Trench, the deepest part in the earth, is about as deep too, and we haven't found any "hell" when we went there either. At least James Cameron didn't say anything about seeing hell. Maybe he's hiding something.

Thanks for continued list of pictures. Yep, place still looks like an underdeveloped third world shithole.

What's really sad about those pretty girls is that, due to living in a much more harsh conditions in Russia, when they reach 40, they will look like what European and American girls look like when they reach 60. If you want them to keep looking pretty, marry them and get them the hell out of that country. Otherwise they'll look like old babas within just a few decades.

From my experience and stuff I have an opinion on, people who understand money and business become rich, most coming from middle income, and not inheriting that money. Those who do not understand money and business (especially budgeting, investments, and other basic household financial skills), either never get rich due to mishandling their money and spending or borrowing too much, or if they do become rich, either through inheritance or winning the lottery, very quickly lose all those millions and end up in a worse debt than if they hadn't gotten that money (known as the Lottery Curse). If you want to be rich, or at least well off, Step 1 is learn some basic finance, like compound interest, investments, how to calculate debt and interest payments, and how to budget. This should be required teaching in schools, but is pretty much never taught, so people grow up living paycheck to paycheck, and 75% end up reaching retirement with less than $60k to their name.

Central banks used paper as their method of accounting for 1000 years. They switched to computers because it is way cheaper, more efficient, and more reliable. Just because something has been proven for 1000 years doesn't mean it can't be improved upon. Central banks will hold whatever they feel they have control over. If bitcoin mining and security is decentralized and secure enough, they will hold bitcoin just as well as they have held gold.



It's pretty annoying when people claim that bitcoin is not backed by anything, and then go on to defend gold, which also is not backed by anything. The brainwashing of pieces of paper backed by some bank or vault is pretty strong in our society, so when people see bitcoin, that's the first thing they assume it to be like, instead of being something that doesn't need backing. Like gold.

A better question is where in nature is there anything like money used? All of nature depends on real resources, and whenever trade happens, real resources are traded. So things like money, and cars, glasses, computers, space rockets, etc are all unnatural. If you are going to complain about something being unnatural, make sure to abstain from all unnatural things. Unless you are some sort of a hypocrite.

Using money is very unnatural. So anyone who thinks we shouldn't do unnatural things, please stop using bitcoin and leave this forum, lest you keep being tempted to do things that are unnatural and not in god's design.

I was hoping to be able to give some updates today, but we didn't hear back from one of our manufacturers, so hopefully I'll have an update Monday..

Got some answers. The radio will not have any identifying numbers, like a MAC, but the first version of the device will not support HD, using the same address for all transactions like the old Mycelium Wallet used to do. You can still change the address manually though, and at least you won't be tracked by your radio.

Not in the first version. Since there won't be an always on mesh connection, text messaging wouldn't work. We will probably add it once we boost the battery power to be on all day.


One we get a mesh version out, it will be a true mesh. First version will only transfer from you to register or another card.



Not sure. Probably not. We needed to raise money for Entropy to be able to make it (mostly developed and funded by the devs), while the Bitcoincard is the main company product that is getting developed no matter what. We will probably appreciate commitments from resellers and such to get an idea for how many to make in the first batch run.

These cards will be generic bitcoin wallets, sold by PC hardware retailers, not credit cards issued by banks. Your real identity won't be associated with it, and I don't think there is even a place to enter such information. So there is no amount of pressuring that can be done to make us add what we physically have no way of adding. I would be more worried about merchants tracking you by facial recognition software, than by how many anonymous random numbered radios hang out in which isle.


Initially, no. You would either need another card to send payments to, or a merchant would use a web connected dongle to receive payments. In the future we are considering adding NFC, which would let you send and receive transactions from the card to any NFC enabled device, like a phone. However, we are not entirely set on that. Our goal is to make these things as cheap as possible and be usable with the least amount of infrastructure (electricity and web access), and not necessarily as usable and feature full as possible. We want people to use bitcoin in third world countries where those things are unavailable, and in corrupt totalitarian countries where bitcoin may be severely restricted.