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Topic
Board Securities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
stripykitteh
on 16/05/2013, 09:03:54 UTC
On the topic of other businesses AM could pursue that would increase the value of Bitcoin v fiat.

Assume that AM achieve this by leveraging their expertize in designing integrated circuits at low cost and in volume.

We know from history the value of Bitcoin will rise if more people use it. So put a chip in many hands that rewards people to own it but requires them to use Bitcoin to realize its value. I'm not thinking mining-related like the Erupter Blocks, something else. Something that billions of people could possess. I'm thinking whatever the 'it' is, it could live in a mobile phone.

PocketMiner! Great idea!

USB-powered, but with internal battery and wifi. Put it in when you're home to charge battery and mine at higher speed, put it on your keychain and mine whenever you are near an open wifi-zone :-)

.b

I'm interested in what happened in Africa in the 1990's and 2000's. In many parts there infrastructure is poor, and liable to being unmaintained, stolen, or destroyed by conflict. Many parts of Africa have good mobile phone networks, though, as they're relatively cheap to deploy and can be deployed in numbers to provide redundancy (or even just moved around on trucks). If you said to a villager in many parts of Africa that his mobile phone can generate $2 a day if it does Bitcoin, he'd probably offer his daughter to you.