[2016-05-05] Run Your Own Bitcoin Computer with 21 Inc Software Package

[jdebunt]

Now 21 Inc has announced their software package. During the Consensus 2016 event, 21 Inc CEO Balaji Srinivasan told the attendees how his company wants to turn every computer into a Bitcoin Computer. Rather than building a new computer model – for now – the company created a 21 software package, which lets anyone in the world become part of the Bitcoin network.

https://news.bitcoin.com/run-bitcoin-computer-21-inc/

[BruceSwanson]

Start of the Internet of Things: chips embedded ubiquitously will send and receive bitcoins. One possibility: real-time traffic fines. Your GPS-enabled car/smartphone will instantly send bitcoin fines to your city or state upon a violation of traffic rules. Fines could be dynamic, based on your model car, how old it is, miles driven, and your own income and the nature of the violation -- repeat or non-repeat, etc. Smaller violations would be a fraction of a traditional ticket for the same offense -- at least at first. People will enroll voluntarily to get substantial discounts on their insurance.