The 21 Bitcoin Computer

[muyuu]

Make it US$ 50 to add a good SD card:

http://makezine.com/2015/09/24/the-9-computer-is-shipping-today/
https://news.ycombinator.com/item?id=10274005

You don't need an ASIC chip that will produce pennies and will never pay for itself.

This computer is very interesting. It is small and very cheap. Makes it the perfect companion for development (and maybe Bitcoin mining) I will look more into this 

Could be interesting for these DIY hardware wallets. Just remember to be careful with entropy and random number generators, that are not always great in cheap hardware and may require software solutions.

[muyuu]

Its not meant to pay for itself... I don't think it was ever marketed that way. They say the chip gives a trickle payment to develop with etc.

Honestly if you are a dev with the tech head nature you can setup your own and would do that. This solution is designed to be an ecosystem use device in the end. You're paying to get in on the ground floor of that... not to buy them in bulk and mine with.

I'm not sure people are understanding that part... everyone seems to latch onto the miner portion and criticise that... its almost like outside of mining and buying selling the coins nobody thinks bitcoin is useful for anything else... like buying products and services?

You cannot have it both ways. If it's for developers, and it doesn't pay for itself, then they are better off loading some coins. If it's not for developers, then the whole product doesn't make sense. It really doesn't make sense either way, sorry to be blunt. Of course I'm discounting lock-in plans and user information racketeering, which I wouldn't want for anyone. Surely it does make sense to them that you send $400 their way, other than that...

[monsanto]

You cannot have it both ways. If it's for developers, and it doesn't pay for itself, then they are better off loading some coins. If it's not for developers, then the whole product doesn't make sense. It really doesn't make sense either way, sorry to be blunt.

I agree.

After thinking about it a bit, I believe I do understand the business model.

If the business model turns out to be scamming VC'ers nobody should be surprised. I'd guess >80% of bitcoin related business models have been scams.

[muyuu]

What's the business model? It has something to do with making bitcoin easy to use. The developers who buy it will figure it out.

Here's a more realistic business model: rake in the pre-sales $400 a pop, which allows for a large margin, until the buyers figure out that they have no use for it. Let them try very hard to justify their purchase for a while and maybe sell some more. Pay some sweet salaries with that VC money as well.

Too cynical? I don't know man, this is BTC Wild West and I've been around since 2010, 2012 with this nick... we've been through a lot.

[TrueBeliever]

I have been trying to work out their (non cynical) business model ever since I first heard about 21inc.  It has me stumped. I am still waiting for the light bulb moment.

[dwdoc]

Unless 21 inc provides free access to their micro transaction network the only digital trading a Bitcoin computer will be doing is with another Bitcoin computer. This is clearly the intention since there is no reason a person selling digital goods or services needs to generate bitcoins. They are already receiving bitcoins. The only reason to mine bitcoins is if they are also a buyer of goods or services from someone else on the 21 inc micro transaction network. 

Imagine if instead of registration, PayPal required you to buy a $400 device before you could access their network, that you could only trade with other people who owned that device and that the network was for micro transactions. That would be an NVP not an MVP.

[worhiper_-_]

Unless 21 inc provides free access to their micro transaction network the only digital trading a Bitcoin computer will be doing is with another Bitcoin computer. This is clearly the intention since there is no reason a person selling digital goods or services needs to generate bitcoins. They are already receiving bitcoins. The only reason to mine bitcoins is if they are also a buyer of goods or services from someone else on the 21 inc micro transaction network. 

Imagine if instead of registration, PayPal required you to buy a $400 device before you could access their network, that you could only trade with other people who owned that device and that the network was for micro transactions. That would be an NVP not an MVP.

Why would they release it for free? That 400$ device could act as a very expensive ticket to that network.

[dwdoc]

Unless 21 inc provides free access to their micro transaction network the only digital trading a Bitcoin computer will be doing is with another Bitcoin computer. This is clearly the intention since there is no reason a person selling digital goods or services needs to generate bitcoins. They are already receiving bitcoins. The only reason to mine bitcoins is if they are also a buyer of goods or services from someone else on the 21 inc micro transaction network.  

Imagine if instead of registration, PayPal required you to buy a $400 device before you could access their network, that you could only trade with other people who owned that device and that the network was for micro transactions. That would be an NVP not an MVP.

Why would they release it for free? That 400$ device could act as a very expensive ticket to that network.

Because if they dont release it for free there won't be anybody on the network.

And a viable micro transaction network will require millions of users.

[Wallet Boy]

Why does it have to look like a Johnny 5?

[lottery248]

don't you accept bitcoin payment?
>_> isn't you are selling ASICs?
idk why to use raspberry pi.

[Q7]

While i think it's a cool concept that will surely had your time occupied trying out all the nice features, in practical it is actually much cheaper just spending the money to acquire new coins in the market instead of getting the device, putting time and effort to set it up and then patiently wait for the mining. Anyway, like I've said, nevertheless it's still fun to try out. I'll be following this thread for updates. What interests me is to read the reviews from real users based on their actual experience of using the device.

[tokeweed]

The 21 Bitcoin Computer

Today we’re announcing a new kind of device for sale: the 21 Bitcoin Computer, the first computer with native hardware and software support for the Bitcoin protocol. With this pocket-sized device, if you are an entrepreneur or developer, you can now instantly buy or sell digital goods and services at the command line using Bitcoin.

https://medium.com/@21dotco/the-21-bitcoin-computer-1d28d652b57b

https://21.co/




https://de.reddit.com/r/Bitcoin/comments/3m0zp5/the_8_most_informative_comments_about_21incs/

https://www.reddit.com/r/Bitcoin/comments/3lv6zj/ama_request_ceo_of_21inc_balaji_srinivasan/cv9zq9q




...and it is a full node too.  

Disappointing.

[larry12]

raspberry + 120gh chip = 21 bitcoin computer  
For what should i use this device ?


I’m not hating, good idea but for 400$ lets be honest....its not the best offer.

[LiteCoinGuy]

raspberry + 120gh chip = 21 bitcoin computer  
For what should i use this device ?


I’m not hating, good idea but for 400$ lets be honest....its not the best offer.

look here:

https://de.reddit.com/r/Bitcoin/comments/3m0zp5/the_8_most_informative_comments_about_21incs/

[muyuu]

raspberry + 120gh chip = 21 bitcoin computer  
For what should i use this device ?


I’m not hating, good idea but for 400$ lets be honest....its not the best offer.

look here:

https://de.reddit.com/r/Bitcoin/comments/3m0zp5/the_8_most_informative_comments_about_21incs/

Great comedy value. There's this too https://www.reddit.com/r/Bitcoin/comments/3m0kr9/21_inc_is_about_to_fuel_the_next_evolution_of/

I swear to God, I hadn't laughed this much in a long time.

[favdesu]

raspberry + 120gh chip = 21 bitcoin computer  
For what should i use this device ?


I’m not hating, good idea but for 400$ lets be honest....its not the best offer.

look here:

https://de.reddit.com/r/Bitcoin/comments/3m0zp5/the_8_most_informative_comments_about_21incs/

Great comedy value. There's this too https://www.reddit.com/r/Bitcoin/comments/3m0kr9/21_inc_is_about_to_fuel_the_next_evolution_of/

I swear to God, I hadn't laughed this much in a long time.

I wonder if they let the paid shills loose after people started to question their business model? sure looks like a planned shill campaign.

[toinew]

I ordered two of them but now i feel like i was scammed 
what could i use them for, since it says it will never ROI

[larry12]

You order 2 units x 400$ ? 800$ for this useless raspberry “miner” wtf dude....and you are looking for ROI ? Made my day 

[brg444]

You order 2 units x 400$ ? 800$ for this useless raspberry “miner” wtf dude....and you are looking for ROI ? Made my day 

He's obviously trolling

[Come-from-Beyond]

He's obviously trolling

Aye, posters with low post count look very suspicious.