/biz/ - Business & Finance

Daily reminder to get your free 0xBTC
https://telegram.me/the_0xbitcoin_faucet

lmao, imagine still thinking that bitcoin can thrive on 2009-era tech. It is a good idea in essence, but it needs a more powerful platform to stay competitive.

>>12350302
>has its own bitcoin on it

Well, there's actually one PoW coin that is immune to these dangers...

yes

I've noticed that the quality of 0xBTC threads has dropped pretty rapidly these last few weeks. It looks like the people who understand are already invested and tired of explaining, and the ones who don't understand yet are unwilling to do research of their own. I've participated in quite a few drawn-out 0xBitcoin threads over the course of the last few months, but since work has been piling on, then I've been cutting my time on /biz/.

This state of affairs is unlikely to change in the near future, so I decided to use this day off to create a thread containing all of the facts about 0xBitcoin that can be referenced in the future. If you are undecided on 0xBTC, then I suggest reading through it and coming to your own conclusions. If you are already decided on 0xBTC and think it's shit or a scam, then feel free to try to refute any of my points.

What 0xBTC is:
1. The first PoW mineable token
It's the first PoW asset that does not have a blockchain of its own. Instead, it relies on the Ethereum network for security, while the PoW is used only for distribution. This might seem like a useless gimick at first, but it has very deep-reaching implications upon further inspection.

2. The first trustless asset on Ethereum
Every other ERC20 token that came before 0xBitcoin was created by a single entity. That single entity started out with the total supply of the tokens ever to exist in their 1 wallet. They then proceeded to distribute them in some manner, whether by ICO, airdrops or other means. Since we do not know who owns what Ethereum address, then we have no way of knowing how many they secretly sent to themselves or their friends in addition to the vast amount of the supply most projects openly keep.

If you've been on /biz/ at least semi-frequently these past few months, then you've probably noticed that there's been a lot of attention directed towards 0xBitcoin every now and then. A lot of that has been misinformation or outright lies, which have no basis in reality whatsoever and only serve to distract. Since I've participated in pretty much all of those threads starting from May and the board is rather quiet on 0xBTC at the moment, then I thought I'd clear up some of the confusion for anons who can't make out what this project actually is through the thick fog of fud by telling my own story towards the orange pill. If you have no idea what 0xBTC is, then I suggest to read the final part of my posts first to get a brief understanding of what I'm talking about.

I first read about 0xBitcoin on /biz/ some time in mid March and looked into it a bit closer, but I couldn't quite understand its use case or distinguish it from eBTC all that much. It seemed like yet another shitcoin in an endless ocean of shitcoins, so I didn't buy in, but I still decided to keep tabs on it, since I was constantly checking like 30 different coins with the hopes of finding the one that will make me rich quick. The price back then was somewhere around $0.05.

The next time an orange blip stood out on my radar was in late April, when 0xBTC jumped roughly a 1000% to $1 in just two weeks after having been listed on Enclaves. I thought it interesting that something could moon so hard in the bear market we had been (and still are) having, so I did some more digging into it. The eye-opening moment was when I joined the Discord to have a bit of a look around and saw how active and enthusiastic the community was - there were top-tier developers working without any pay, members debating the philosophical aspects of PoW vs PoS cryptos and good banter to go around.

do you guys even know how the entire supply of REQ came into existence? Some French mozzarella connoisseur pressed "enter" on a keyboard and received every single REQ ever to exist. Then he distributed them as he saw fit. This is the case for all ICO'd tokens. Did you really think they would have any inherent value being created like this? It's time to invest in pure mined tokens, anons.