Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
lunarboy
on 21/05/2015, 08:06:32 UTC
For the people clambering on about phone mining, listen to this:

https://m.soundcloud.com/elux-1/21-inc-embedded-engineer-on-whaleclub-teamspeak

Thank you. Very interesting. Cool stuff. But...

It still sounds like just processing and relaying transactions. I don't see how these devices would ever find a block, or ever get paid out even if they did.

Doesn't sound like the block rewards are the goal though... Very interesting...
Yep, thats what i got from it.

Sounds like we have fast forwarded to the time we are approaching 21M bitcoins, and this stuff would be the answer to no more block rewards. No?


That's cleared everything up. IT'S NOT A MINER its a massively distributed transactional processing chip, not for making money.

 RAM for payments.