/biz/ - Business & Finance

this has been superseded by BSOV. basically exactly the same, no pre-mine, no ico, totally decentralized, but with a 1% burn on every transaction.

>>14946344
>pure mined
meme invented to have a buzzword to sell, implying there's some theory behind it all. there isn't

>>14946442
What he said. And better for us, since we can still mine it quite easily. I've been mining for a few weeks now. 10 USD next year.

>>14946442
0xBitcoin has a higher hash rate and is the first mover of a mineable token. The token burning is nice and all, but 0xBitcoin has a foundation already built. Why bother with a clone of 0xBitcoin?

>>14946344
This guy gets it.

>>14946506
The point of a token burn is to decrease supply and increase scarcity. I see where the value can accumulate over time, but why clone what already exists. Bitcoin like coins have deflation built in. It takes time for that to go into effect. Sure it will pump just like 0xBitcoin did, but it doesn't have the same capacity of development. 0xBitcoin community developers are creating fascinating utilities like Lava Wallet and merge mining. What is being developed for BSOV?

>>14946344
i already accumulate this op, our little diamond in the rough for sure

Can't you just make a smart contract of BSOV to get rid of the 1% burn like they did with BOMB? If so does it even do anything then?

>>14946344
Greetings men
what we have here with 0xbtc is an opportunity of gold. a great possible victory if you might think
have you ever looked at a token or coin and thought to yourself that you would have purchased it if it was early btc? i know what it feels like to buy the early stuff - i am a big holder myself actually
and when i look at them and do my own research into them, they are definitely the next btc
all of the signs are there for him to be the true mind behind the excllent product. so if you had this hope in the past, you may wish to consider what you have not been paying attention to up until this time
me? i am all in
if you are smart you will be also

>>14946344
0xBitcoin is a true high IQ hold. Bitcoin on Ethereum. It's beautiful. When this catches on it will shoot past $10 and beyond. The supply is absolutely tiny

>>14946442

BSOV is interesting. it's basically a copy+paste of 0xBitcoin but with 1% burn. but really, it's a different thing.

0xBitcoin is designed to be spent like normal money. people don't want to lose 1% on every transfer when they are buying normal stuff. that's like charging a 1% processing fee ... but no on receives it.

i get what BSOV is about, and i'm not shitting on it as an idea in and of itself, but it is not direct competition to 0xBitcoin. it certainly doesn't "supersede" it. what a joke. 0xBitcoin has about 1,000x the hashrate, the most obvious metric of adoption. it has a big community. and it doesn't have the weird burn thing that is going to confuse the issues for most people.

I like 0xbtc concept as they are the OG and still hodl some but ive been mining BSOV lately as its so early and the 1% burns on every transfer will provide increase value to the price of token. I see the point of 0xbtc being non-inflated as it reaches max supply but that doesnt mean the token literally burns supply on every transfer like BSOV does. I can see both being highly successful in the long term future but BSOV will definitely pump far more in the near future.

>>14946920
how is 0xBitcoin going to ever be spent like normal money? don't people need eth to pay for every transaction? bitcoin the original is a store of value and BSOV is the perfect evolution to that.

>>14946920
BSOV never claimed to be a means of exchange which is what you are saying 0xbitcoin claims to be. BSOV seems to be meant to provide a Store of Value, hence the name BitcoinSoV - Bitcoin Store of Value. Like I said I can see both being highly successful in the long term future but with BSOV's deflationary aspect it will definitely provide a much higher increase in price.

I was hoping there wouldn’t be any mention of BSOV on biz for a little longer I am a few more days away of mining it from hitting my target stack goal.

>>14947018
>how is 0xBitcoin going to ever be spent like normal money? don't people need eth to pay for every transaction? bitcoin the original is a store of value and BSOV is the perfect evolution to that.

the idea is that if Ethereum takes off, people will spend ether all the time. Vitalik has said over and over that ether should not be thought of like money, it should be thought of as a consumable. the ethereum team can fuck with and has already fucked with the supply of ether. yet we are using ether as money now.

in the future, assuming Ethereum and smart contracts are popular, people are going to do Ethereum transactions all the time. they might not even realize they are spending tiny amounts of ether every time they do something, but they will have some small amount of ether and will gas up a few $ of ether every year or whatever, like you top up your cellphone for minutes now. the value of ether will fluctuate with how much stuff the Ethereum network is doing at a certain time of the year or in response to random events.

0xBitcoin will always cost almost nothing to spend. and the price of 0xBitcoin is not correlated with whatever activity or lack of activity is happening on the Ethereum network at a given time.

BSOV could be an interesting store of value. again, i'm not shitting on BSOV itself. but it's rapid deflation is not a good fit for normal purchases. 0xBitcoin supply does not deflate over time, except very slowly over time as people lose their keys or die or whatever, so it is great as money.

>>14947018
>don't people need eth to pay for every transaction
nah, you don't even need to hold ETH. There's a network online that accepts proxy 0xBTC for the tx fee.