Since my last post on 21 Inc, other than posts from smooth and some of one of cypherdoc's post, all I read is delusional denial and irrational nonsense in the other comments about 21 Inc's business model.

You myopic idiots that are emphasizing that mining can't be profitable on phones, are entirely missing the point! The owners of the cell phone don't care about the electricity cost. They never pay attention to that. It is insignificant to them. All they care about is the discount on the device when they purchase it. And they are not going to throw away the phone after purchasing it. They will use it.

The point is that if you have a billion smartphones giving up $10+ a year in electricity to mining, then even if the phone ASIC is 10X or 100X less efficient as mining, the cartel's mining pool still has a huge hashrate.

One can assume phones will consume much more electricity than they do now while on the charger, because the phone discount has to be recovered by the electricity input (and efficiency of the mining ASIC in the phone) over the lifespan on the device. Bear in mind that phones are becoming more efficient over time, so the business model can cannibalize the user's expectation of electricity usage keeping that expectation constant. Yeah the developing world females (in fact most females every where) wouldn't know different. Many males also in the developing world.

Also smartphones are declining in cost (now $65 for basic Alcatel here in Philippines) thus the $10+ per year of unnoticed electricity usage, will become a greater proportion of the smartphone cost over time. The business model of 21 Inc is a 10 year plan.

The cartel isn't deprived of income if the phone is no longer profitable for mining, because they are getting the hashrate cycles for free after they recover the initial subsidy they provided for the discount on the purchase price of the phone.

And phones are upgraded often by users, so more opportunities to upgrade the efficiency of the ASICs in the mobile phones. (Add: and the used phones get handed down to relatives who don't have a smartphone so continue to generate mining for the cartel)

What they can also do is give some token amount of Bitcons to the user of the phone, to obtain ringtones and shit like that which girls love but doesn't really cost anything. Also they can do bundled deals with for example Facebook, Viber, and the telcom carriers giving free connectivity for basic low bandwidth services (e.g. messaging) in exchange for exclusivity and/or marketing access to this large base of users.

What you fail to understand is the cartel wants to own access to every person, so to gain access you have to be connected in the cartel. This is really about eliminating competition. And capturing holistic profit by controlling all access to markets.


Because the user might replace the charger and still use the phone. Chargers are lost all the time over here in the chaotic developing world with zillion people in and out of your house, but phones are guarded more carefully.

Also because you would have to duplicate all the radio, processing, etc that is  in the phone.

Duh!


Nonsense all those comments! Also the guy clearly says they will use sidechains to the micropayments, exactly as I warned you this is a centralization of mining in every facet!

You all can keep denying that Bitcon is the NWOcoin, but your delusion won't help you avoid the fate coming.

And then most of Russia's resources were handed out to a few oligarchs who are beholden to the cartel. And do you know who was over there organizing that?

Larry Summers.

The same former US Treasury and World Bank official (also was nominated to replace Bernanke) involved with 21 Inc, who first floated the idea of negative interest rates and eliminating cash.

Do some research folks.

Hi all, long time no see. I've just discovered I developed a sort of addiction to btctalk :-)

I just found out an hidden "gem" in the development section:

"Off-chain anonymous transactions by secure transfer of private keys"


Here the link for the updated white paper:

http://www.othercoin.com/OtherCoin.pdf

Reasonable analysis, and as you know I'm historically dubious about much of your analysis.  Thx.

Where is the problem then bro when you are stating this

" and that means, to me, that fixed supply type assets such as Bitcoin should rise as either a result of further QE, or simply as a safe haven."

This stance from you is  most welcome. I am pleasantly surprised and very much willing to prove to you in the market whether I am correct or not. I don't want to just blow air here. I want to make sure we have what we want, whether it is Bitcoin or otherwise.

And I feel now there is a slight possibility I am a marked man, so the sooner I release my ideas, the safer for me personally. I am in a mad rush to do so, not only for reasons of personal safety but moreso because the opportunity is so interesting.

Didn't know Summers was involved in that.

So it reads like due to the 2008 crisis, DC can't exercise control over the states as their political longevity security has taken a large hit (struggling with revenue solvency unemployment concerns etc).

Weed brings in much needed revenue.

Economic conditions resulting from 2008 also gave rise to Bitcoin.

Bitcoin was created by the DEEP STATE as a strategic move to coop existing banking and currency systems in order to drive the move to digital currency and do to this power grab in a obfuscated manner that fools the geeks and turns them into gullible accomplices.

Are you not aware of the $3+ trillion black budget of the DEEP STATE?

Donald Rumsfeld (while he was Secretary of Defense under POTUS junior Bush) announced on the eve of 9/11 that such amount had gone missing from the DoD's budget. Conveniently the next day all the records of the investigation and the investigators were eliminated by the airborne attack on that one specific section of the Pentagon (with of course the alleged leaks of former Vice POTUS Cheney commanding the F-15s to stand down and allow the attack to proceed).

Catherine Austin Fitts (former Asst to the Secretary of HUD, Jack Kemp and former Wall Street insider) has written extensively about the Black Budget at her http://solari.com

Bill Moyers did a TV documentary on the DEEP STATE.

Armstrong has a letter from the SEC confirming that all the tape recordings he had of the bankster manipulations were destroyed at the World Trade Center towers on 9/11.

Etc.. The evidence weaves a story.

Control over the drug trade is not about funding as much as it is about corrupting other officials, governments, and societies. It is one element in a full spectrum matrix of power and control.

I can see they are trying to take this forum down again. Keep getting "Bad Gateway" which is what happened right before it went down a few days ago.

---

Edit: a very smart friend of mind relates to me that a Soros foundation was contributing money to the campaign to legalize marijuana in Colorado that was eventually successful. And notes that the-powers-that-be have objectives to simultaneously both restrict and promote drugs. They promote them because a population in a stupor is less resistant to erosion of freedoms and quite dependent in any collapse scenario. They restrict drugs because this gives them legal control over those individuals they've promoted to use and traffic drugs.

Note that legalizing marijuana is also synonymous with agreeing that plants should be regulated by the State. Otherwise, why is it necessary to legalize use of a plant? You see the-powers-that-be are playing game with you, regulating you at the Federal level unconstitutionally then getting you to pass laws at the State level to admit their unconstitutional Federal laws are the law, thus enslaving yourselves by bringing plants under the prevue (jurisdiction) of law.

Simpleton thinking falls for the ploy that legalizing MJ is any form of increasing freedom. Rockefeller's foundations and NGOs were instrumental in funding everything from 1960s activism, to feminism, to environmentalism.

@TPTB_need_war: man, this is it. nice insights.

but you reckon bitcoin is going nowhere but up, right? Since it is all planned.

edit: im actually struggling to post in this forum. or is it only this thread?! bad gateway. ^^

Oh Lordy: