Yes, I don’t know about all the techie stuff, but I thought the “BitSplit chip” that they are planning on embedding in every Intel device/laptop etc provided the de-centralising bit? To be honest, as they are also building some kind of mega Data-Centre/Mining thingy too, I think the idea is to take over things….along with the “Internet of Things”really.
I just find all this quite disconcerting tbh.- remember when we were talking of Intel back-Door chips etc? I just think it is all part of the same thing really, given all the secrecy.
So now we have Intel, ISP’s and Bitcoin all integrated, micro-payments made possible etc, all on the normal Internet. When you piece it all together, it has all the same functions and operates pretty much like Safe…inc farming small amounts that can be used to buy “stuff” on the Network etc. I see it as a kind of “Darkside Safe” developing really, as it seems to have all the opposite qualities.
Looking at the sketched out business model, certain things jump out at me. Everyone with an Intel/Bitsplit device (potentially most everyone in near future), now spends their resources farming Bitcoin and then giving up 75% to “21” ……I mean a) what if you don’t want this in your laptop and b) why the hell would you?..…there is an incentive though– you can purchase Bandwidth….and an ad free internet :
“ a user is able to use his BTC to skip 15 minutes of commercials on online video service Hulu”
Lol, so you can mine Bitcoin, using your own resources, keep only 25%, which you then hand over, in order not to be harassed by advertisers……brilliant! How’s this not a protection racket….lol
I don’t get how this is going to be sold to consumers……and that is my concern really (rips large piece of baco-foil off and starts fashioning into a hat).
Anyway, waffled enough…but does anybody else worry about the possible implications of just this one quote:
“In particular, 21 had been working on a process that would allow developers to block users from accessing websites unless funds are sent to a bitcoin address.”
Just think about this a bit……