/biz/ - Business & Finance

>>10506347
Another day, another shitcoin thread.

>>10506347
>67 cents

>>10506347

*crack
*sips*

Yep. Think any of these zoomers know their retirement is passing them by? Guess schools ain't too good these days, heh!

>>10506422
Buy the dip, don't be a retard

Some dumbass sold me nearly 2500 0xbtc at 0.00158 earlier today. Easy flip by Friday the latest for 10-20% gains. Been doing this shit for weeks, and reinvesting profits. I have like 2000 0xbtc in my "moon stash" for when it goes parabolic again (as it has consistently).

>>10507903
>consistently = once

Lmao at your life

>>10507951
Alright anon that's fair, it's only been 2 times. I might be putting too much stock into it mooning again, but honest to God if "Bitcoin on Ethereum" doesn't generate at least one or two more hype cycles especially among chinks/Russians (super into mining and mineables), normies (super into edgy new concepts regardless of viability), and 4chan types who tag along for the ride, then I'll eat my hat. For now I'll keep swinging this between ~0.0016 and ~0.0018.

>>10507951
>>10508109
Forgot to attach. Don't disregard that first moon, I got a sweet 3x out of it on average.

I'll copy the same posts that I made in the other 0xBitcoin thread here as well, maybe it gets some discussion going and helps more people see the potential of this token.

I would definitely consider buying at least some of this token while the prices are this low. The main aspects that contribute to the price of a cryptocurrency are the fundamentals and the hype potential, so let's have a look at these two things.

1. It is the first PoW mineable token on Ethereum, making for a fair distribution and establishing a price floor at the cost of mining. There are no devs to dump on anybody or to exit scam. The smart contract has been deployed, anybody can have a look at it and make sure there are no holes in the code. You will not have to wait for any roadmaps, announcements of announcements or other such things typical with ICOs. With 0xBTC, you know exactly what you're getting.

The creator of 0xBTC is also working on the Lava Wallet - a way of transferring ERC20 tokens without having to hold ETH. Instead, you submit a "Lava packet" to a relayer, who pays the ETH for you and completes your transaction. You pay the relayer for this service in the same tokens that you are transferring. This is a huge advancement for the ETH network, since figuring out gas costs and keeping a minimal supply of ETH in their wallet for transactions is probably too hard for most normies, with the Lava Wallet, however, this issue is resolved.

Now, the Lava Wallet can be used with any ERC20, so you might as, why does this make 0xBTC more appealing? The thing is, that mining 0xBTC contributes towards the governance of the Lava Network. If everyone would be able to relay lava packets and the Lava Wallet would have a lot of users, it would quickly get messy and clog up the ETH network, with most transactions being reverted. A free-for-all system would be inefficient, so the deployer of the 0xBitcoin contract has created the King of the Hill smart contract. Basically, whoever mints a 0xBTC block is appointed the King of the Hill. The Lava Network checks to see who the KoH is and gives him the sole privilege of relaying lava packets. (cont)

If someone wants to earn money by relaying the lava packets, he has to mine 0xBTC. If the Lava Network gains a widespread use on the Ethereum network, then this would be a pretty lucrative business and attract a whole lot of attention to 0xBTC. In addition, the KoH can be given any sorts of special privileges. For example, you could have a community vote lasting 500 (or however many) blocks of 0xBTC and every time someone mints a block, they can cast a vote as KoH. This way no one can abuse the vote by creating 50 accounts or just deleting their cookies and voting many times over. This whole concept is still very new and I'm sure if it gets enough exposure, then brighter minds than me can think up many more interesting use cases for it - it's programmable mining!

2. If this thing gets off the ground, then the FOMO will be massive. How much potential do you imagine something like dentistry or gambling on the blockchain might have? Definitely at least some, but nothing massive. I can't really imagine someone fomo'ing into Dentacoin thinking it will take the whole dentistry business by storm, but despite that, it has a mcap over $100M. The new store of value on ETH - fast, cheap, scarce and not susceptible to the death spiral or 51% attacks against it - might have people scrambling to buy like madmen. I'm not deluded enough to think 0xBTC will ever overtake BTC, but the price markers set by BTC will definitely play a psychological role in the way people look at this token in the future. It is just barely over a $2M mcap at the moment and only listed on a few DEX's and on shady CEX. The 0xBitcoin Foundation is going to be incorporated during the next few weeks and will begin looking into new listings as well as getting the marketing side of the project going.

If you've read this massive wall of text to the very end and want to know more, then I kindly suggest to check out the 0xBitcoin whitepaper, Discord and reddit, all of which can be found at 0xbitcoin.org

>>10508477
>>10508467

Already a 0xBTChad, but thanks for the posts, very informative.

>>10508599
thanks, I hope some undecided anons peep into these threads every now and then as well to see what's what. The wave of Pajeet-fud we had probably tarnished the reputation of this token for some people, but I'm hoping they look deeper into it and see that all of it is completely baseless.

4,000 0xBTC and still accumulating

>>10508467
>>10508477
All of this. A 2 million market cap is ABSURDLY LOW for a token like this.

>>10508867
Agreed absurdly low

>>10508838
If this isn't a larp I am so, so sorry anon.

>>10509353
No LARP (^^)

>>10509353

I'm jealous and you should be too

Start accumulating or experience regret

I can't even dump this shitcoin. no volume anywhere but that wash trading pajeet exchange that i don't want to touch

>>10510269
you're coming to the moon with us whether you want to or not.

This coin is seriously fucked right now. There is barely enough hashpower to find blocks. At the current mining rate, it will be over 60 days before the difficulty can adjust because a block is being found only once ever 94 minutes.

Why would anyone... anyone at all be mining this right now (serious question)... is the merged mining making it worthwhile or something. Someone please explain.

>>10510649
Well i guess you’ll just have to wait 60 days for the difficulty to adjust.

>>10506347
>>10507302
>>10506710
>>10507903
>>10508109
>>10508114
>>10508459
>>10508467
>>10508477
>>10508599
>>10508838
>>10508762
>>10509345
>>10509927
>>10510562
>>10510649

You have just reached another low point. So much shit you posted there and not a single fact that explains how any of this will ever translate into more than just another P&D that will eventually go to zero. You are the reason everyone thinks all asians are fraudulent and that this is a shitcoin polluting this board.

>>10510649
The slow mining doesn't meaning almost anything at all for 0xBTC, since all transactions are done on the Ethereum network anyway. The only thing that changes is that there are less new tokens being minted at the moment. Most people mining at the moment are ardent believers in 0xBTC and are mining at a loss to reach the readjustment.

>>10510649
It definitely sucks that it got targeted hard by some huge chunk farms during the last run up. That coupled with the consistent DDos attacks on established pools really fucked with it. I just hope people recognize the value of a potential currency being immune to a death spiral other PoW coins are susceptible to. Lack of miners means slower inflation currently which is isnt a bad thing.

>>10510884
This.

People who think the difficulty is in any way relevant to this coins’ utility are simple minded dimwits.

>>10510867
Look at this pajeet, not even being able to comprehend any of the points brought up in this thread. He's so stupid he can't even remember how to turn his trip on ffs!

>>10510884
I fail to see how the slow mining doesn't mean anything. It means less and less people will want to mine it until the difficulty adjusts... which will be further and further away as the time between found blocks increases.

I'm actually surprised you didn't say that this will drive the price up because the supply of new tokens being minted is very, very low right now.

There is a real threat that this token could die from a lack of mining, so to shrug it off is cope at best, denial at worst. 957 rewards until readjustment. You had better thank your lucky stars that some miners having big enough bags that they are now mining at a loss in an effort to save the value of their heavy bags.

>>10510884
>>10510898
>>10510908

I am starting to think that you need these threads for yourself and your ego more than the money. I think you need this negative attention to distract yourself from the fact that you are unable to get any attention from anybody at all in real life.

>>10510934

Let me explain this to you so that even an ape like you can understand this.

NOBODY NEEDS 0xSCAM

>>10511005
It's definitely true that the lull in mining also means that relatively few new people are coming in, but fortunately, unlike all other PoW coins, it doesn't threaten the infrastructure of the coin itself. The main thing that it may damage is the morale and growth of the community, but even with a hashrate of 0, the tokens can still be transferred without issues and no one can 51% attack it. And as can be witnessed by the fact that many people are still mining it and the Discord is as active as ever, it doesn't look like the community is too fazed either. Guess we'll just have to get through this bump in the road.

Call me crazy, but I do believe that once Ethereum goes PoS, miners will be looking towards other assets and many of them who believe in ETH will want to contribute their hashpower towards the network. The question of the legitimacy of a PoS coin as a store of value will probably also be raised and 0xBTC seems to be the only logical answer to those issues at the moment.

Why do we need an ERC shitcoin that emulates Bitcoin, which is itself a shitcoin that has nothing going for it except for being first

>>10511216

>anyone ever used this to actually pay for anything
no one cares about your fake conversation with yourself if your scamtoken has zero utility. nobody will ever bother reading about some irrelevant details of you betacoin when everyone uses vhs.

>>10511052
>>10511093
>>10511297
Based Judge Doom. Whenever I see one of these threads I hope someone is gonna tell these shills to take their shit token and shove it up their anus along with the bags to reddcoin, Pivx or whatever other shitcoins of P&Ds past they've bought into.

Please don't stop.
But to 0xbuttcoin holders: PLEASE, FOR THE LOVE OF GOD (OR VISHNU) STOP!

>>10506347
please STOP WITH THIS FUCKING PAJEET FUCKING SCAM REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE FUCKING PAJEETS GET OUT OF MY BOARD REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

>>10511297
>>10511336
>>10511464
>trustless open-source smart contract
>scam
pick one and only one

comfy with 11k 0xbtc here. keep selling so I get some more for cheap.

>>10511509
>>10511675

>pajeets claim some poo has magical powers and make the owner rich
>pajeets claim that since everyone was able to dig shit at the same time then this is no longer a scam
your logo is a ricecorn on an orange background with the same shade as the orange in the indian flag

every token without utility is a scam and any price someone pays for it is too high.