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13026834 No.13026834 [Reply] [Original]

Supply is capped at 21 million, which is mathematically proven to be optimal supply for sound money.

In contrast to competing SOVs, mining of SOV coins is not restricted to the confines of Chinese factories. Anyone in the world can mint SOV at the cost of an Ethereum transaction. New coins can be minted only once per block and the minter receives 0.05 SOV. Each time new SOV are minted, 0.001 SOV go into a fund for further development of the Sound Money Coin ecosystem.

An important factor is that SOV Coin is emitted very slowly. The rate of generating SOV Coin is tied to the rate of Ethereum block generation. At current block times, a maximum of 320 SOV Coin can be generated every 24 hours. At this rate, it will take 210 years until the full supply is available.

Fair distribution is one of the key factors in establishing a sound monetary system. Therefore, SOV Coin has no pre-mine and can be mined by anyone for the cost of an Ethereum transaction fee. As of now, 0.0003% of the maximum supply have been minted. Currently, the cost of mining 1 SOV at a gas price of 2 Gwei is 10 cents.

>> No.13026840

>he still thinks the potential of dlt is just in currency and store of value
>emailing is internet's greatest and most important usecase

>> No.13026845

>>13026834
Here is how it goes.
Store of value -> smart contract/code on VM -> ??

You're supposed to go forwards when shilling your coin, not backwards

>> No.13026880

>>13026834

Hi, please pass this message along to your developers.

You need to block transactions sent using 0 GasCost because currently 12% of all miners accept and process 0 gas transactions. This number has increased 2% since October.

This is not particularly a problem with your code. A group of Ethereum miners is either maliciously or accidentally processing transactions for free (we believe it's an accidental misconfigured mining software).

Until the next Ethereum fork comes with staking, anyone can send any transaction for free. You have to manually configure the GasCost variable to read 0x00. The only downside side is it takes 10 times longer to confirm. It will go through eventually though.

>> No.13026933

>>13026880
Actually this is a good thing. More Miners will try to get Coins for free and SPAM the network with TX.

>> No.13027346

>>13026880
holy fuck what dos this mean for LINK?

SELL SELL SELL

>> No.13027372

>>13026834
once pos releases eth will have very high tps. blocks will be generated fast. but that's where sharding comes in. eventually it will use ipfs and storage will be offloaded.

>> No.13027422
File: 43 KB, 237x330, 1552478187528.png [View same] [iqdb] [saucenao] [google]
13027422

isnt 0xbtc already doing this?

>> No.13027641

>>13027422
SELL LINK NOW. I REPEAT SELL ALL LINK NOW

>> No.13027751
File: 34 KB, 1000x1000, 0xb.png [View same] [iqdb] [saucenao] [google]
13027751

>>13026834 see >>13027422

Already been done. 0xBitcoin is the store of value coin on Ethereum, and it's time-tested POW. No need to reinvent the wheel.

>> No.13028344

>>13027422
But its POW. I hate POW.

>> No.13028473

>>13027751
>>13028344
in the future bitcoin will be just another coin on the eth PoS chain. everything will be ran on ethereum even your mom vibrator. eth will be the new world currency and unlike PoW it will scale.

>> No.13028705

>>13026834
not a lie the official side of the story
official devs invented sov to get more ether and become richer and in return plebs get worthless useless sov tokens
the monarchs get the most and the poor the least like always
expect spam on ethereum

>> No.13028838

>>13028473

That is correnct my brutha, 0xBTC

>> No.13029228
File: 443 KB, 1080x1080, 1551598248638.jpg [View same] [iqdb] [saucenao] [google]
13029228

>>13027751
There are over 8,000 Alt coins. The Wheel is all we got, haven't you heard!?!

>> No.13029359

>>13028705
Thats impossible. LOL. This is a POW Coin without premine. The Marketcap of the Project is 2000$

>> No.13029425
File: 79 KB, 1200x500, 0xbtc.png [View same] [iqdb] [saucenao] [google]
13029425

>>13026834
Wrong

>> No.13029519

ethereum doesn't rely on tokens to exist anyway. it's a smart contract platform. thats what gives it it's value. of all the tokens died tomorrow it wouldn't make any difference.

>> No.13029525

>>13029519
POS

>> No.13029552

Blatant rip off of 0xBTC

>> No.13029553

>>13029525
that too. pos is the future. people don't have any need for digital gold. they want digital cash. POS is currently the only way to scale it so that can happen.

>> No.13029603

this is an exciting time to be in crypto. to be an eth holder right now is basically like being a bitcoin holder in 2013. people have no idea what is coming. most people aren't tech savvy enough to understand concepts like scaling technology. many will be left behind on the sidelines again wondering in a few years how they didn't just buy eth in 2019.

>> No.13029617

>>13029359
sorry but theres a dev fee on minting so its an auto-shitcoin pajeet tier

no more threads pls op

>> No.13030425

0xbtc is the store of value on ETH. Stop trying to copy something that already exists.

>> No.13030869

>2%devfee for exchange listings

HAHAHAHAHAHAHAH