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I by no means would call myself an expert on Bitcoin, but I did coauthor a book about Bitcoin. All I do when reading stories about 21 Inc is parse every senten
by drcode 11y ago
I by no means would call myself an expert on Bitcoin, but I did coauthor a book about Bitcoin.
All I do when reading stories about 21 Inc is parse every sentence very slowly saying to myself "What is it I'm missing that turns this from a terrible idea into a good one?"
I have yet to discover such a sentence... I hope I'm wrong and will still read it at some point.
- waterlesscloud 11y agoThat's what I was thinking. I've been pretty into cryptocurrency for a good while now, out on some pretty distant frontiers at times. And the mining aspect of this makes no sense at all to me. I don't get it.
- davidgerard 11y agoI think that's the bit where they're selling snake oil to the lower quartile of VCs. You and I know it's completely ridiculous, but they don't.
- slapresta 11y agoI guess their plan is to convince third parties that this is a great idea? Lazy businesses wanting to get into Bitcoin can be immensely more profitable than Bitcoin itself.
- geomark 11y agoLook at tweets by Balaji https://twitter.com/balajis https://twitter.com/balajis I think there may be some hints in there.