The 21 Bitcoin Computer

[johnyj]

You purchase bitcoin through purchase electricity, thus bypass the exchange. But the cost of that machine is much higher than the electricity cost, so it must be sold together with home electronics

But micro transaction kills bitcoin network, so those micro transactions will be merged together at IOT manufacturer's central server and settled from there

[1715218777]

1715218777

[allthingsluxury]

Very cool idea and bravo for that. Hopefully it is simple for the user.

[21Bitcoinpower]

You purchase bitcoin through purchase electricity, thus bypass the exchange. But the cost of that machine is much higher than the electricity cost, so it must be sold together with home electronics

But micro transaction kills bitcoin network, so those micro transactions will be merged together at IOT manufacturer's central server and settled from there

So the manufacturer will exactly know what you are purchasing, reading etc.

This is not good for privacy.
I think this will not be very successful, probably just an attempt of offloading unneeded ASIC chips to dumb enough people..

[Kprawn]

I will not buy this computer... there are just too many nasty backdoors and trojans being inserted into bloatware these days. http://www.pcworld.com/article/2886278/how-to-remove-the-dangerous-superfish-adware-presintalled-on-lenovo-pcs.html

There were also people inserting mining software into pirated software a while ago... https://torrentfreak.com/new-utorrent-release-breaks-ties-with-bitcoin-miner-150413/

Whatever is added to this software, should be verified by a independent companies not associated with this them and it must be open source.

What client will be pushed? Core or XT? 

[johnyj]

You purchase bitcoin through purchase electricity, thus bypass the exchange. But the cost of that machine is much higher than the electricity cost, so it must be sold together with home electronics

But micro transaction kills bitcoin network, so those micro transactions will be merged together at IOT manufacturer's central server and settled from there

So the manufacturer will exactly know what you are purchasing, reading etc.

This is not good for privacy.
I think this will not be very successful, probably just an attempt of offloading unneeded ASIC chips to dumb enough people..

A society of home electronics, trading against each other using bitcoin as official currency. But what you can buy from another machine?

[21Bitcoinpower]

You purchase bitcoin through purchase electricity, thus bypass the exchange. But the cost of that machine is much higher than the electricity cost, so it must be sold together with home electronics

But micro transaction kills bitcoin network, so those micro transactions will be merged together at IOT manufacturer's central server and settled from there

So the manufacturer will exactly know what you are purchasing, reading etc.

This is not good for privacy.
I think this will not be very successful, probably just an attempt of offloading unneeded ASIC chips to dumb enough people..

A society of home electronics, trading against each other using bitcoin as official currency. But what you can buy from another machine?

Maybe you can buy heroin or crack cocaine from a drug dealing robot or something.

[Mikestang]

Yes.
Soon your fridge will mine Bitcoins and order free food for you.

By the time your refrigerator generated enough bitcoin to buy 1 gallon of milk it will be so far in the future we probably won't need refrigerators any more.

[Come-from-Beyond]

By the time your refrigerator generated enough bitcoin to buy 1 gallon of milk it will be so far in the future we probably won't need refrigerators any more.

Haha, good one.

[21Bitcoinpower]

Yes.
Soon your fridge will mine Bitcoins and order free food for you.

By the time your refrigerator generated enough bitcoin to buy 1 gallon of milk it will be so far in the future we probably won't need refrigerators any more.

maybe the refrigerator can buy 1 egg a month from the bit coins it generates. better than nuffin.

[odolvlobo]

The mining feature is not very useful, so I'm curious why they included it. My guess is that the mining feature is simply a trojan horse designed to get more people to look at their platform.

So, that means that their product will be an embedded computer running a proprietary transaction system that may or may not use off-chain bitcoins. I expect the mining feature to be dropped.

[gotmilk_]

Looks like there is some demand for this product...

https://www.reddit.com/r/Bitcoin/comments/3m25ef/the_21_bitcoin_computer_is_1_seller_in_amazons/?sort=new

[Amph]

Looks like there is some demand for this product...

https://www.reddit.com/r/Bitcoin/comments/3m25ef/the_21_bitcoin_computer_is_1_seller_in_amazons/?sort=new

there will be always a little demand for everything, but it will end up at best like trezor, which isn't requested to much

[Abiky]

I like the idea of the Bitcoin Computer (looks awesome) but the only thing is that it is too expensive. With less than $400, I can set up a RPI and a decent miner. It's still good though, as it's a way to encourage other people to get interested on Bitcoin 

[smooth]

I like the idea of the Bitcoin Computer (looks awesome) but the only thing is that it is too expensive. With less than $400, I can set up a RPI and a decent miner. It's still good though, as it's a way to encourage other people to get interested on Bitcoin 

This is what supporters on the thread don't understand. The price point and poor value are discouraging participation, exactly the opposite of what is needed for this to become important, and exactly the opposite of the Altair 8800 which was earlier cited as helping to spark a revolution in personal computing. The latter was not only priced very aggressively (at cost) but also was much easier than designing your own computer. It is just not the case that designing and building your own "Bitcoin Computer" is difficult or expensive (or even comparable cost)

[btcxyzzz]

Never been this sure that one product won't succeed. Simply put, it's too geeky. It seems it's possible to mine with it, yet they're hiding hash rate, probably because it's ridiculous and you can't earn anything with it.

[BillyBobZorton]

It's way to expensive to catch up. I don't know what their idea is and what market are they trying to target but I don't think this thing will ever appeal the average Joe. Seems like yet another thing that will only be used by the hardcore enthusiast Bitcoin fans.

[brg444]

It's way to expensive to catch up. I don't know what their idea is and what market are they trying to target but I don't think this thing will ever appeal the average Joe. Seems like yet another thing that will only be used by the hardcore enthusiast Bitcoin fans.

You don't think they're aware of that. You really believe they're trying to sell this to the average joe?

[brg444]

I like the idea of the Bitcoin Computer (looks awesome) but the only thing is that it is too expensive. With less than $400, I can set up a RPI and a decent miner. It's still good though, as it's a way to encourage other people to get interested on Bitcoin 

This is what supporters on the thread don't understand. The price point and poor value are discouraging participation, exactly the opposite of what is needed for this to become important, and exactly the opposite of the Altair 8800 which was earlier cited as helping to spark a revolution in personal computing. The latter was not only priced very aggressively (at cost) but also was much easier than designing your own computer. It is just not the case that designing and building your own "Bitcoin Computer" is difficult or expensive (or even comparable cost)

They're targeting engineers and developers, the price point is irrelevant as they obviously don't expect typical Bitcoiners to buy this.

[knowhow]

Those equipment looks like more like a old and rare thing you hold for years waiting it get value,the real bitcoin community wont spent,wasting their money at this but who dont know will throw some money into it.

[smooth]

I like the idea of the Bitcoin Computer (looks awesome) but the only thing is that it is too expensive. With less than $400, I can set up a RPI and a decent miner. It's still good though, as it's a way to encourage other people to get interested on Bitcoin 

This is what supporters on the thread don't understand. The price point and poor value are discouraging participation, exactly the opposite of what is needed for this to become important, and exactly the opposite of the Altair 8800 which was earlier cited as helping to spark a revolution in personal computing. The latter was not only priced very aggressively (at cost) but also was much easier than designing your own computer. It is just not the case that designing and building your own "Bitcoin Computer" is difficult or expensive (or even comparable cost)

They're targeting engineers and developers, the price point is irrelevant as they obviously don't expect typical Bitcoiners to buy this.

The price point is not irrelevant when you are trying to get people to experiment with something with no particular use case in mind. Honestly the best price point to encourage that kind of exploratory development is zero (i.e. SDK download). All you are doing by charging for unnecessary hardware (especially overpriced hardware) is introducing friction that discourages involvement.

No one has a strong need for this device because there are literally no existing use cases that it compellingly addresses. Without such a strong need the best approach is to remove friction to maximize the breadth of involvement and see what happens.