The Bitcoin startup 21 Inc., backed by venture-capital firm Andreessen Horowitz, has garnered much press attention over the release of its first product. The product, a small Linux computer wherein the Bitcoin protocol is part of the operating systems, has concerned some Bitcoin experts, who suggest the product could allow 21 Inc. to accumulate mining power. The company is excited about the product.
“I’m very excited about it,” said Ben Horowitz, a co-founder of Andreessen Horowitz, told Wall Street Journal. “The thing that’s completely missing that I think would make the Internet better would be machine-to-machine payments. It’s just amazingly hard to do right now.” The company recently published a Medium article about the product.
“With this pocket-sized device, if you are an entrepreneur or developer, you can now instantly buy or sell digital goods and services at the command line using Bitcoin,” the company wrote. According to 21 Inc., you can use a 21 computer to do the following.
- instantly mine Bitcoin from the command line
- sell API calls for Bitcoin, like English-to-Chinese translation or file conversion
- set up your own personal iTunes-like digital goods store
- reward peers for posting your links on social media
- make any Read more ... source: CryptoCoinsNews