With the Release of the Downgraders is the PSP Modchip Not Needed ?

[blaz3d]

the encryption for the next firmware releases will pretty much decide. if we cant crack the encryption then we will need a chip (im not saying we cant decrypt it it might just take a while ) imo

[tophead420]

well id still like to have a mod chip for a bvack up just incase i bricked my psp it would make me flash crazy though having a mod chip as my back up plan i still say the mod chip is a must have tho ill probaly never buy one tho ill keep considering it if i get the money for it and id be nice just to be an owner of this but anyway its good for people who dont have a 1.5 psp and want one lol

[mog]

For some reason, these downgraders haven't really changed my opinion about whether a modchip is needed!
I still bought a modchip, and have it ready to stick in my 1.00 PSP when I want to. (ie. when FF7CC is released! )

With the modchip, I hope to be able to leave fw 1.00 on my PSP flash, and stick fw 2.71/2.80/3.00/whatever on the UP flash.

Another thing I want the modchip for is for testing and programming purposes.
With a modchip I could just use any homebrew I wanted without any worry about how safe it is.
Modchip users could also test programs that are in development that are too unsafe to to be tested or released for normal PSPs. (eg: downgraders, flash modifying, etc).

So I want an indestructable PSP, with fw 1.00 and fw >2.71 on it... I will need the modchip!

And for the people that said earlier that the modchip might not even exist... well I have one...
There are also videos of people installing the modchip at TeknoConsolas - a good (spanish) gaming website that has several other very useful PSP "videotutoriales".
And PSPHacking101 are going to show Pox installing the modchip soon.