21Inc $110m+ BTC Price Index over next 2 weeks ~$400?

[Q7]

There's very little known information about them and especially on what they do. It sounds stealthy to me. The speculation is mainly on developing  consumer related Bitcoin products probably those related to security like wallets and hardware kind of thing. Regardless I hope it will give a boost towards bitcoin price.

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Of course the ASIC job posting can be to mislead.

[TrailingComet]

The 21inc team is top notch. Can't wait to see what they come up with.
Expect little price impact in the near term

[Biodom]

The 21inc team is top notch. Can't wait to see what they come up with.
Expect little price impact in the near term

cointerra's team was also supposed to be top notch...until it wasn't (operationally)

[World]

Another possibility is free POS hardware for merchants, subsidized by embedded mining hardware that 21 controls plus Peer to Peer lending platform.

[brg444]

The 21inc team is top notch. Can't wait to see what they come up with.
Expect little price impact in the near term

cointerra's team was also supposed to be top notch...until it wasn't (operationally)

Hmmm who exactly?

[Hunyadi]

The 21inc team is top notch. Can't wait to see what they come up with.
Expect little price impact in the near term

cointerra's team was also supposed to be top notch...until it wasn't (operationally)

Hmmm who exactly?

Wasn't their founder the lead designer of Samsungs chips or something

I hope 21Inc is not developing anything mining related but will do something beneficial for the bitcoin ecosystem.

[Biodom]

The 21inc team is top notch. Can't wait to see what they come up with.
Expect little price impact in the near term

cointerra's team was also supposed to be top notch...until it wasn't (operationally)

Hmmm who exactly?

founder

Prior to founding CoinTerra, Ravi was Lead CPU Architect at Samsung Corporation. Ravi brings with him over 15 years of industry experience in Architecture, Design and Verification in CPU, GPU, Desktop/Server Chipsets and ASIC Cores, and many years of leadership experience at top semiconductor companies including Samsung, Qualcomm, NVIDIA, and Intel.

[Addition]

Here's the actual website for 21Inc that has been on the news this week:

https://21.co/


Interestingly they have an active jobs page, from which we can infer a little about their plans??

https://21.co/#jobs

The company will probably be a big deal. For one, the investor list is top notch. Additionally, @balajis is a cofounder and c-level exec. For those who don't know him, he was a partner at Andreessen Horowitz (is leaving now that 21.co is coming out of stealth), successful entrepreneur before that, and he also "...obtained BS, MS and PhD degrees in Electrical Engineering and an MS in Chemical Engineering, all from Stanford" (source: http://blog.pmarca.com/2013/12/09/balaji-srinivasan/ ), so he's got the technical chops for this.

He's given a number of interviews over the last couple years, and talks a lot about bitcoin on twitter. One topic I've heard him bring up more than once is the idea of bitcoin enabling machine to machine payments (ie, the gazillion theoretical car-autopays-the-meter use-cases). So I think there's a decent chance 21 is working on an embeddable-in-anything low-power bitcoin-wallet-on-a-chip.

Cheers for the info Mel - could be really great for our BTC community, I'm looking forward for future announcements from this group

[Addition]

There's very little known information about them and especially on what they do. It sounds stealthy to me. The speculation is mainly on developing  consumer related Bitcoin products probably those related to security like wallets and hardware kind of thing. Regardless I hope it will give a boost towards bitcoin price.

Part of the secrecy I thought might be due to product protection laws, as although BTC is somewhat a niche market, it still can be lucrative.
I wonder if they are also working on more governmental projects too?

[World]

I'm guessing it on Qualcomm chip(receiver) for satellite-based communication and payment system aka http://en.wikipedia.org/wiki/Outernet
http://gizmodo.com/what-is-the-outernet-and-is-it-the-future-of-the-intern-1659647614

[foxbitcoin]

I'm impressed  the see how well the price copes,  I think it will do admirably well in 2015

[Addition]

I'm guessing it on Qualcomm chip(receiver) for satellite-based communication and payment system aka http://en.wikipedia.org/wiki/Outernet
http://gizmodo.com/what-is-the-outernet-and-is-it-the-future-of-the-intern-1659647614

Cheers for link, this is important! A year ago I was thinking the same - it's easy for us in "1st world" Countries with continually updated fibre-optic infrastructure to forget that basic internet is not available to the majority of habitable/occupied landmass. I used to work in very rural areas as a geologist and we would have to rely on our own ground satellite receivers to route internet access.
These LEO (Low Earth Orbit) networked satellites do have the capability to bring  Net connectivity everywhere - which will be powerful for the bitcoin community.
It will be interesting to see how much governmental vs private funding ratio there will be? My guess is that the major Telecommunications operators will most likely monopolize.

[Addition]

I'm impressed  the see how well the price copes,  I think it will do admirably well in 2015

Hope so too Fox, though from reading posts on here - I'm gonna go out on a limb and say the majority believe ATH (All Time High's) might not be this year but more longer term, like 2017-2020.

( >$1300/BTC )

Innovation from 21Inc might take us $400+ short-term, over next few months. But that's purely my speculation : ) and thus far, no significant project news to date!

[Melbustus]

Here's the actual website for 21Inc that has been on the news this week:

https://21.co/


Interestingly they have an active jobs page, from which we can infer a little about their plans??

https://21.co/#jobs

The company will probably be a big deal. For one, the investor list is top notch. Additionally, @balajis is a cofounder and c-level exec. For those who don't know him, he was a partner at Andreessen Horowitz (is leaving now that 21.co is coming out of stealth), successful entrepreneur before that, and he also "...obtained BS, MS and PhD degrees in Electrical Engineering and an MS in Chemical Engineering, all from Stanford" (source: http://blog.pmarca.com/2013/12/09/balaji-srinivasan/ ), so he's got the technical chops for this.

He's given a number of interviews over the last couple years, and talks a lot about bitcoin on twitter. One topic I've heard him bring up more than once is the idea of bitcoin enabling machine to machine payments (ie, the gazillion theoretical car-autopays-the-meter use-cases). So I think there's a decent chance 21 is working on an embeddable-in-anything low-power bitcoin-wallet-on-a-chip.

Cheers for the info Mel - could be really great for our BTC community, I'm looking forward for future announcements from this group

Likewise.

Another point... 21 is *bitcoin* focused. Not "cryptocurrency"....*bitcoin*. Think about the network-effect depth that widely distributed bitcoin-only hardware will bring.