A Bitcoin miner in every hand

Re:A Bitcoin miner in every hand by drcode on Monday May 18, 2015 @04:04PM (#9566548)

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.

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Re:A Bitcoin miner in every hand by waterlesscloud on Monday May 18, 2015 @04:10PM (#9566582)

That'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.

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Re:A Bitcoin miner in every hand by davidgerard on Thursday May 21, 2015 @02:39PM (#9584577)

I 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.

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Re:A Bitcoin miner in every hand by geomark on Monday May 18, 2015 @10:27PM (#9567875)

Look at tweets by Balaji https://twitter.com/balajis I think there may be some hints in there.

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Re:A Bitcoin miner in every hand by slapresta on Monday May 18, 2015 @06:52PM (#9567293)

I 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.

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