A Bitcoin Miner In Every Device And In Every Hand
Published in
2 min readMay 20, 2015
--
Peaks:
- A continuously replenished stream of digital currency on your device generated by default from a 21 BitShare chip can change all that.
- At 21 we are less concerned with bitcoin as a financial instrument and more interested in bitcoin as a protocol.
- Crucial to this is the idea that bitcoin generated by embedded mining is more convenient — and hence more valuable — than bitcoin bought at market price and manually moved over to the site of utility.
Peaks:
- The next billion consumers to come online will be making their digital decisions on a mobile device — very different from the practices of the first billion that helped build many of the foundations of the current e-commerce industry.
- By 2014’s end, the seven biggest emerging markets were larger than the G7, in purchasing power parity terms. Plus, consumers in the Asia-Pacific region were expected to spend more online last year than consumers in North America.
Peaks:
- On one hand, the Lean approach works very well for many startups. It makes sense to start small and test your assumptions. But I believe Thiel is arguing that if you really want to be innovative, you have to begin with a bigger vision in mind.
- If you want to create something significant that truly benefits society, then you have to lead the way, instead of constantly iterating based on customer feedback.
Peaks of reply:
- The early-adopter market for these things is not those who are driving now, but rather those who cannot. Both my 88 year old father and my 90 year old mother-in-law are no longer able to drive.
- For those who don’t live in a big city with good mass transportation and taxi services, not being able to drive anywhere on your own is a tremendous hassle. Yes, they can be gotten to where they really need to go — medical appointments, etc. But could they go everywhere they would like to go, whenever? Not at all. Restoring independence to such people is a really, really big deal. So what if a trip in these things is a little on the slow side and unexciting? It sure beats having to sit at home and not being able to go anywhere.