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.
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.
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.
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.