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/biz/ - Business & Finance


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File: 118 KB, 696x537, bit-coin0x.png [View same] [iqdb] [saucenao] [google]
15124011 No.15124011 [Reply] [Original]

How long will it take for /biz and anyone who constantly FUD's 0xBitcoin to get it through your heads that this is a legitimate coin. While you buy and rack up sats from shitcoins from centralized teams, here lies Bitcoin for Ethereum. The wallets are naturally growing, the team of volunteers developing around it are wholesome individuals, and the coin has none of the issues other ERC-20's have. That means no one is control or can alter the immutable smart contract. This is Peer-to-Peer digital money. What Ethereum developers need to do is build it within Dapps.

If there are any programmers here, what are you opinions on this and why are people not investing in hard mined currency?

>> No.15124113
File: 55 KB, 581x525, 1564747389496.png [View same] [iqdb] [saucenao] [google]
15124113

>>15124011
>If there are any programmers here, what are you opinions on this and why are people not investing in hard mined currency?

newb thinking such as:

"but there is no dev team"

"but there are no ICO funds for advertising"

"but proof of work is wasteful"

"but the mining doesn't secure the network"

"but fpga scam ... fpga miner biz ... scam fpga ..."

"but the team is a bunch of pajeets"

...

>> No.15124148

>>15124011
How long will it take you to realise you're low IQ and you are never getting your money back? Another year? 2? Will it take until after the next bullrun when everyone else is getting rich and you spend the whole time posting wordsalad and getting poorer?
Lets find out.

>> No.15124162

It's a complete trash-tier shitcoin without any adoption.

If you need BTC on ETH, use etc - that one is backed by legit BTC

>> No.15124166

>>15124011
based 0xBTC poster. Don't worry, we will be vindicated.

>> No.15124199

>>15124011
>Being this new
literally this started as a PnD scam token. No respectable exchange allows it, more than 90% of the volume is wash trading on Mercatox. And if those things weren't enough, IT HAS NO FUCKING USE CASE. NOBODY NEEDS IT OR CARES ABOUT IT, IT SOLVES ZERO PROBLEMS.

Sell your bags, anon. Do yourself a favor and let go.

>> No.15124206

could you pls shut the fuck up i'm trying slowly to accumulate

>> No.15124217

https://pastebin.com/3AJbcdzB

I would honestly just stock up on btc for when hex drops

>> No.15124275

>>15124206
>Having to "slowly" accumulate a 23 cent shittoken

Take out the trash for your extra $10, anon. You'll be fine.

>> No.15124278
File: 160 KB, 1200x1200, venn1c.png [View same] [iqdb] [saucenao] [google]
15124278

>>15124199
>IT SOLVES ZERO PROBLEMS

1. PoW mined; uncheatable; fixed supply
2. interacts with Ethereum contracts
3. ownerless and completely decentralized

it's for BTC lovers. compare 0xBTC to ETH and wBTC.

>> No.15124290

>>15124011
>its basically BTC except it runs on ethereum
whats the need for it? BTC runs fine on its own. ethereum runs fine on its own.
it cant scale, wont get any faster, no team to develope.

why have 0xBTC on ethereum when you can have BTC or ethereum.
>cause its cheap

>> No.15124296

They dont pay miners ,gtfo shit shill

>> No.15124300

>>15124011
>If there are any programmers here, what are you opinions on this
Programmer here. It's a novelty which will has no unique selling point compelling enough for normal people to use it over other tokens.
Merchants will not want a volatile currency - they want stablecoins, and have many to choose from.
Buyers will not want to hold a volatile currency for day to day use (MoE), and because it will be volatile it will be useless as an SoV.
When you push the 0xBitcoin proponents they eventually admit that there is nothing unique about it apart from its distribution method, and it will only gain real value through adoption (which is true of every single ERC20). And the distribution method is not enough to convince people to adopt it.
That tweet is a lie:
>identically, especially from a mining, mathematical and economics perspective
It is not economically identical because PoW is not used to secure the network. You can't just take out one of the pillars of Bitcoin's design and say it is still identical. Someone who pretends otherwise doesn't understand Bitcoin, or is pretending to misunderstand it for some reason.
It's not a scam because that implies some kind of dishonesty. It does exactly what it says it does... but what it does is pointless.

>> No.15124441
File: 3 KB, 110x125, amongbrainlets.jpg [View same] [iqdb] [saucenao] [google]
15124441

>>15124300
>When you push the 0xBitcoin proponents they eventually admit that there is nothing unique about it apart from its distribution method, and it will only gain real value through adoption (which is true of every single ERC20).

totally true. what is unique about it is its distribution method, and it will only gain value through adoption. ...just like BTC.

the "which is true of every single ERC20" you slipped into the same sentence is sloppy reasoning: they don't share the distribution method.

(technically 0xBitcoin is not even unique in its distribution method now that there are several copy+paste clones, but unique if you disregard all the clones with <1% of 0xBitcoin's hashpower. ...just like BTC.)

>And the distribution method is not enough to convince people to adopt it.

now you are just trying to predict the future. i heard many people like you say the same things about BTC back in the day.

a smarter move for you would be to say: people might adopt 0xbtc, or they might not. we will have to see. in the meantime, get a small stack and let's try to make some use cases for it. it could be worth a lot some day, especially if we help it along. ...just like BTC.

>> No.15124542

>>15124275
why me taking out the trash would profit me $10? tell me i'm interested

>> No.15124569
File: 180 KB, 971x565, goodadvice.jpg [View same] [iqdb] [saucenao] [google]
15124569

>>15124441
>a smarter move for you would be to say: people might adopt 0xbtc, or they might not. we will have to see. in the meantime, get a small stack and let's try to make some use cases for it. it could be worth a lot some day, especially if we help it along. ...just like BTC.

"well, it's not worth much today, but it's possible it could be useful and valuable in the future, so let me get a small just in case," is how prices slowly climb from nothing to something to a lot.

anon might just be getting too used to ICOs where things go from nothing to a lot discontinuously.

>> No.15124719
File: 26 KB, 407x209, proof-of-work.png [View same] [iqdb] [saucenao] [google]
15124719

>>15124300
>It is not economically identical because PoW is not used to secure the network

sorry, i didn't see this the first time.

this is technically true. i still think Toast's comment was roughly true, even if technically incorrect.

it's more accurate to say that 0xBitcoin's value comes purely from PoW as an energy auction. you "buy" 0xBitcoin from your wall socket by proving you "burned" a roughly known amount of electricity. ultimate dex, etc.

Bitcoin's value comes mostly from PoW as an energy auction, then a bit also from securing the network. if you go back and read nick szabo's bit gold posts and how PoW was 100% of the value, you'll see how satoshi's clever hack of *also* securing the network with PoW was brilliant even if it slightly muddled the value mechanic.

0xBitcoin is lucky. it can take the pure approach because it has Ethereum to secure the blockchain it's mined and transferred in.

>> No.15124883

Look, it's a cool idea it's forever going to be a pajeet shitcoin.

>> No.15124953

>>15124011
LURKERS & NEWFAGS BEWARE - 0xBITCOIN WAS A BIZ PND THAT THOUSANDS OF ANONS GOT BURNT ON IN 2018

0xBitcoin was a /biz/ invented FPGA miner scam token.
Almost everywhere online 0xBTC threads are deleted, ie plebbit, its that big of a scam.
The actual daily 24hr volume on 0xBTC is under $10,000 - CMC reported volume is 95% wash trading
Don't believe me then buy $300 worth of 0xBTC and watch the price move by 20%

Around the time that these miners were pumping 0xBTC they shilled /biz/ CONSTANTLY with it.
There was at least 15-25 spam threads about it daily up until they dumped their bags on all the anons buying in.
It was a coordinated pump and dump and these 0xBTC scamming faggots think that /biz/ has forgotten about what they did.
Lots of anons were fooled into buying it at $2-$4.
Now there are tons of bag holders of this shitcoin and ALL of the 0xBTC threads on /biz/ are made by these miner faggots where they coordinate /biz/ shilling in their 0xBitcoin discord.

This project has a better chance of always being worthless than even worth $5.
No one will really tell you the truth about this scam because so many ppl were suckered into buying it on /biz/
Truth is, not many ppl are smart and wise to scams and it takes a high IQ to realize that 0xBTC is a miners scam token.
What's more is the FPGA miners mining this shit are now only making about $0.08/0xBTC and it keeps dropping.
It's incredibly not profitable for anyone besides FPGA fags to mine this shit.

Don't fall for this fucking miner scam token, its always going to be worthless.
>entirely community driven
>zero money for marketing or exchange listings
>scam artists for devs - who literally orchestrated a pump and dump on bizlets
>miner shill faggots who constantly spam threads about it bc they are so desperate for you to buy their bags because LITERALLY NO ONE IS BUYING THIS SHIT ANYMORE

What's more is that 0xBitcoin DOESNT EVEN PUMP WITH LEGACY BITCOIN!!
>do not reply to 0xbtc shills

>> No.15125024

>>15124011
>the team of volunteers developing around it are wholesome individuals
lol, you are a bunch of soiboi cuck faggots from redddit who constantly spam biz with your fucking FPGA miner scam token. you assholes ran a pnd on biz with your shit last year and rely on newfags to buy the bags that you are selling bc its almost impossible for you to sell your shitcoins to anyone who actually has a brain. you pathetic faggots cant handle the fact that biz hates your scam, will constantly post the truth pasta about it, and refuses to let you mindless pajeets scam nubizlets into buying it.

i for one would break your fucking legs when your doxxes get posted.

>> No.15125026
File: 429 KB, 332x250, predictions.gif [View same] [iqdb] [saucenao] [google]
15125026

>>15124883
>Look, it's a cool idea it's forever going to be a pajeet shitcoin.

when you think you can predict the future, you are right some of the time and wrong all of the time.

you sound like a lot of people on BTC in 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, and 2019.

there were skeptics in 2009 and 2010 too, but better caliber.

>> No.15125088

>>15124441
>it could be worth a lot some day, especially if we help it along. ...just like BTC.
The holders of every Bitcoin clone and ERC20 token tell themselves the same thing. And if that's the only reason to invest, pass, because there are much better options out there.

>> No.15125097
File: 52 KB, 903x960, i_thot_hard.jpg [View same] [iqdb] [saucenao] [google]
15125097

>>15125024
>lol, you are a bunch of soiboi cuck faggots from redddit who constantly spam biz with your fucking FPGA miner scam token. you assholes ran a pnd on biz with your shit last year and rely on newfags to buy the bags that you are selling bc its almost impossible for you to sell your shitcoins to anyone who actually has a brain. you pathetic faggots cant handle the fact that biz hates your scam, will constantly post the truth pasta about it, and refuses to let you mindless pajeets scam nubizlets into buying it.
>i for one would break your fucking legs when your doxxes get posted.

what's your story, dude? did you buy it at $4 when it first got listed on CMC? it really shot up then. maybe you are the type to go to the CMC gainers page and buy all the moons.

i don't know if you're the guy who originated the copypasta, but i'm curious to know wtf happened to you.

>> No.15125220
File: 44 KB, 800x450, actual_smart_man.jpg [View same] [iqdb] [saucenao] [google]
15125220

>>15125088
>The holders of every Bitcoin clone and ERC20 token tell themselves the same thing. And if that's the only reason to invest, pass, because there are much better options out there.

look, i'm not going to call you dumb because you made some decent observations earlier, but your reasoning here is super sloppy.

you shouldn't be talking about pass *or* invest; you need to think more in terms of 0.0-1.0 instead of 0 or 1.

it's one of the marks of an unsophisticated investor to say, "there are better investments out there, so i'm going to completely pass on ones i deem lesser."

i knew people in 2011 who asked me if they should buy Bitcoin. "if". i told them, "don't ask 'if'; ask 'how much. how much BTC can i easily afford to buy just in case it turns out to be huge.'" if they'd put $100 into BTC at the time i told them that, they would have ~$1m today. [you can claim i'm larping, which is fine, but the point stands.]

>> No.15125423

Bitcoin SoV tho

>> No.15125550

>>15124011
0xbtc 100 eoy check em

>> No.15125854

I am new to 0xbtc and wasn't around for the large pump, but way I see it, eth needs a store of value in the ecosystem since eth is not good at that. I think just calling this coin a scam or a pnd is short sighted. Sure its not bitcoin, nothing is but this is fairly distributed. You actually have to use electricity. Unlike all the icos and all coins with centralized creators. It may never be valuable, or it may be very valuable. The fact is none of us know the future. Imo it at these prices it is well worth the risk/reward just in case it does turn into something big.

>> No.15125909
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15125909

>>15125220
>i knew people in 2011 who asked me if they should buy Bitcoin. "if". i told them, "don't ask 'if'; ask 'how much. how much BTC can i easily afford to buy just in case it turns out to be huge.'" if they'd put $100 into BTC at the time i told them that, they would have ~$1m today. [you can claim i'm larping, which is fine, but the point stands.]

a related thing: i knew people who successfully invested in BTC and asked me near the peak in 2018, "should i cash out, or should i stay in?"

...

i hope anyone reading this will see how dumb that "or" is.

>> No.15125942
File: 18 KB, 128x128, belat.png [View same] [iqdb] [saucenao] [google]
15125942

>>15125854
>I am new to 0xbtc and wasn't around for the large pump, but way I see it, eth needs a store of value in the ecosystem since eth is not good at that. I think just calling this coin a scam or a pnd is short sighted. Sure its not bitcoin, nothing is but this is fairly distributed. You actually have to use electricity. Unlike all the icos and all coins with centralized creators. It may never be valuable, or it may be very valuable. The fact is none of us know the future. Imo it at these prices it is well worth the risk/reward just in case it does turn into something big.

you get it.

>> No.15126040

>>15125854
>>15125909
>>15125942
>>15125220

Exactly. This is a suicide-insurance token, one of the best. You'd have to be crazy not to toss in $500 at these levels and hold indefinitely. If it goes to zero, literally who cares, it's a drop in the bucket. If it succeeds, you're going to reap an obscene return.

I wish I had realized this about Bitcoin when I first heard about it back in the day. Granted, it was a lot more difficult to buy on exchanges back then.

>> No.15126045

>>15125909

So, you want them to cash out while also not cashing out. Brilliant 10/10. Totally not impossible. Thanks for revealing your reddit gold level.

>> No.15126072

>>15124148
>>15124162

lmao, stay poor

>> No.15126094

>>15124199

this is what they said about BTC at $.50

>> No.15126229
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15126229

>>15126045
>So, you want them to cash out while also not cashing out.

yep. think about how this could be possible. think about 0.0-1.0 vs 0 or 1.

>> No.15126254

>>15125909
How do you answer that *if* question in the face of so many opportunities? Do you have $100 on every shit coin?

>> No.15126261

>>15126229
sad that this level of baby spooning is necessary for a person capable of typing on a computer. better late than never

>> No.15126455
File: 148 KB, 888x888, 0xbitcoin-bitcoin-for-ethereum.png [View same] [iqdb] [saucenao] [google]
15126455

>>15124290
>BTC runs fine on its own
btc can't interact with smart contracts.
>it cant scale, wont get any faster
on the contrary, 0xbtc automatically benefits from any improvement to ethereum.
>no team to develope
the contract is done and immutable. other related projects including stuff like payment gateways are coming out all the time. you'd know that if you were familiar with the project at all. why do you insist on talking about stuff you don't know about?
>why have 0xBTC on ethereum when you can have BTC or ethereum.
how? something like wbtc? that doesn't work, you sacrifice decentralization and trustlessness.
>cause its cheap
it is now.

>> No.15126624

>>15126254
that's a good question. we don't have enough money to throw it after every single project. personally i look for projects where nobody is being paid to tell me how great it is, projects where i go discover for myself that something is technically sound.
in the case of 0xbitcoin, there was no ico money to fund a marketing campaign, but anyone can read the contract and see exactly how it works, that there is no other way to get it to emit tokens than to provide it with proof of work. it's solid, that's it. the community is great. they're making new stuff all the time. i think it just takes time for people to see past marketing and understand solid fundamentals.

>> No.15126629
File: 200 KB, 1119x814, hadji.jpg [View same] [iqdb] [saucenao] [google]
15126629

>>15126254
>How do you answer that *if* question in the face of so many opportunities? Do you have $100 on every shit coin?

no. there are a couple thousand shitcoin opportunities out there, a very long tail of investment worthiness, and it wouldn't be smart to invest in them all equally.

here's a random and arbitrary-but-not-terrible strategy:

select your top 20 shitcoins and sort them by how much you believe in them. 1st pick gets 20% of your total investment. 2nd pick, 20% of the remaining investment. 3rd pick, 20% of what remains after that, and so on ... until your 20th pick only gets a tiny investment.

that's quite crude and still very arbitrary, but it's infinitely better than dismissing reasonable longshots entirely.

>> No.15126660

>>15124011
>constantly fudded
>only mentioned by shills baiting people to pay attention to their shitcoin

>> No.15126742

>>15126660
energy-backed, pure-mined, no company, no ICO, no premine, fully decentralized, trustless shitcoin

>> No.15127405
File: 104 KB, 666x771, 0xbitcoin-box.png [View same] [iqdb] [saucenao] [google]
15127405

>> No.15127593

>>15126040
o so just $500 scam? not bad

>> No.15127596
File: 26 KB, 750x268, scam.jpg [View same] [iqdb] [saucenao] [google]
15127596

>>15127593

>> No.15127609

0xbtc...Based...Trash island yeah lego built piece for piece

>> No.15127648

>>15127596
bro u just posted cringe

>> No.15127681

>>15127648
help me out here. did you say 0xbitcoin was a scam? if so, are you able to explain why it's a scam?

>> No.15127688
File: 6 KB, 256x197, oev93jksdasd02.jpg [View same] [iqdb] [saucenao] [google]
15127688

>>15124011

>> No.15127773

>>15124542
He's telling you to take the pissjuggs under your desk to the bottle depot.

>> No.15127797

>>15126072
>mercatox
Aaaaaaaahahahahahahahahaha

>> No.15127799

>>15127681
nah im just fudding to accumulate lmao

>> No.15127859

>>15127799
ok. fyi, 0xbitcoin was a biz-invented FPGA miner scam token PnD that many anons got burnt on in 2018

>> No.15128106

>>15127859
but foreal dog buy btc wtf are u doing lol

>> No.15128137

>>15128106
i do hold btc. btc is the OG. 0xbitcoin people generally like btc. but btc can't be manipulated with smart contracts.

>> No.15128193

>>15128137
small piece of utility
if btc gave up dominance to every clone with new tech it wouldnt be the king

>> No.15128249

>>15128193
well, maybe small utility to you. other people consider ability to trade it on dexes to be a big deal. although bitcoin is purchased in a decentralized way from any electrical socket, you can't trade it on a dex. satoshi probably wasn't a fan of kyc.

>> No.15128364

>Store of value for ethereum
keeps dumping
...

>> No.15128651
File: 1.20 MB, 690x1034, m44.png [View same] [iqdb] [saucenao] [google]
15128651

>> No.15128733

>>15128364
because it has a 4m market cap and 5000 wallet holders you indian pajeet fuck

>> No.15128892

>>15124011

Because:

> muh follows white paper
> muh bitcoin for ethereum
> muh no control
> muh no leader
> muh digital money
> muh mineable
> muh fair distribution

Are not reasons 99.9% of people give a single fuck about when it comes to buying crypto with a view to making a profit.

It's really sad that some people are so delusional to believe this has any hope. They completely misunderstand why most people buy crypto and why they hold BTC.

>> No.15129015

>>15128892
when you have a small mentality like you seem to, it probably seems as if everyone else has the same small mentality, or even smaller. but it's not true. everything is not just about speculation and making a quick buck and selling bags on to greater fools, there is a much bigger picture about technology making people freer, enabling people to do what they want, technology that is specifically built not to allow vips to steal value via, e.g., inflation. people who appreciate the value of strong, easily verifiably trustworthy systems are going to gravitate toward stuff like 0xbitcoin. i do expect it to take time, though.

>> No.15129134

>>15129015

Yes it is. Speculation and making a quick buck is the only reason 99.9% of people buy into projects. The crypto hippies like you are a tiny minority who will never have the buying pressure to cause any kind of price appreciation. That's why 0xBTC currently has $107 of volume on the only legit exchange it's listed on.

You are more than welcome to enjoy your crypto hippy muh vips project all you like. Just accept that it's never going to grow in any sort of worthwhile value.

>> No.15129186

>>15129134
i've noticed that another trait of a small mentality is excessive certainty about the future.
in any case, it'll be interesting to see what happens. good luck.