The 21 Bitcoin Computer

[smooth]

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.

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[brg444]

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 

[smooth]

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.

[chek2fire]

i will buy one of this. I am curious what can do this little machine

[BitcoinNewsMagazine]

Slow news week. This gadget is getting more attention than it deserves.

[brg444]

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!"

[pedrog]

And this is why I'm broke!

Good thing it's on pre-sale, otherwise I'de had to buy one of those...

[Mr Felt]

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). 

[muyuu]

I don't expect it to be much use at all, but I will let others try it for me 

[Mikestang]

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.

[knowhow]

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 .

[Aemon]

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?

[brg444]

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.

[Aemon]

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.

True, I guess with all the sites out there you can quickly sell your Bitcoin for cash quickly, so unless I am missing something, why spend that much when you can do it for free on your phone?

[myveryown]

I guess this is the type of computer you could use to create and run say a bitcoin funded digital billboard or something that takes bitcoins and causing something to happen - like access to a video stream aka a stremium app

[P-Funk]

Apparently being vague and boldly selling a product that is pointless enough to simply confuse people about why it exists is a valid marketing and business strategy in the Bitcoin world. Congrats on this innovation, 21 inc.

Because we need a $400 Raspberry Pi and micro miner to make a bitcoin funded billboard that takes bitcoins and plays videos, or something!

[smooth]

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.

They don't even know. Their own CEO said something to the effect that they want people to figure out on their own what to do with it.

I also find the pricing incredibly stupid. If they want to encourage people to invent and create an entire industry of they-don't-even-know-what using their chips, they should be selling it at cost or less. Why erect barriers to creative inventors with a high price point?

The only thing that really makes sense to me is what someone suggested earlier: There was a hard deadline to ship something (as a financing term or other contractual obligation) and this product is intended to satisfy that obligation, and not do much else.

[myveryown]

yeah i dont get why you need the miner part n why so expensive .. oh yeah its bitcoin

u could fund a rasp node with a million satoshis or 10 million for a lot less ...

[brg444]

I swear it's like Balaji killed all you guys dog or something  

I hope for the sake of your relatives you don't have such a despicable attitude in real life   So much negativity, so much butthurt  

[Come-from-Beyond]

I swear it's like Balaji killed all you guys dog or something  

I hope for the sake of your relatives you don't have such a despicable attitude in real life   So much negativity, so much butthurt  

Are you affiliated with 21 Inc. somehow?