WHAT DOES THIS THING EVEN DO?!

[Anonymous No.9840061]

The board is literally sitting here all comfy then all of a sudden 10 0xBTC threads in the span of a half an hour filled to the brim with people dying to dump their bags. When they get asked hard-pressed questions about what this thing actually DOES you get dumb replies like "just believe and it'll reach 1000 eoy" and "get on the moon rocket or else you'll regret it forever" and "it's following the exact same pattern as bitcoin just buy it :^)"

Every single day it's the same stupid discord pajeets spamming this coin all over the board complimenting each other and sucking each other off bumping their threads over and over again while legitimate projects get ignored and pushed off the board in 20 minutes due to the spam.

The worst part is that if the endless months worth of Chainlink spam was any indication, this 0xBTC spam will not be stopping any time soon.

[Anonymous No.9840067]

>>9840061
>When they get asked hard-pressed questions about what this thing actually DOES you get dumb replies like "just believe and it'll reach 1000 eoy"
reminds me /r/bitcoin

[Anonymous No.9840087]

>>9840061
why did you make a new thread asking what it does when there's 4 threads already explaining that.

[Anonymous No.9840092]

Store of value.

Ethereum has infinite supply. 0xBTC puts a limit on that supply.

It's exactly like Bitcoin but it can interact with ERC20 which is the highlight feature.

Also, the distribution of coins is more fair than BTC and BCH because 0xBTC gained a lot more exposure in its infancy where as BTC and BCH were mined and hodled by very early adopters.

[Anonymous No.9840157]

>>9840092
0xBTC was mined by the few for a long time

[Anonymous No.9840162]

>>9840157

[Anonymous No.9840166]

>>9840061
>Market is plummeting
>Value of every big coin is dropping
>Mining is getting less and less profitable
>Meanwhile, expensive rigs idle instead of mining at a loss

Suddenly, a coin that trades easily with ETH and has great mining potential shows up.

And it is shilled nonstop.

[Anonymous No.9840180]

Here’s what it does. It combines the best of Ethereum and Bitcoin into one. The result is that the whole is greater than the sum of its parts.

[Anonymous No.9840202]

>>9840061
Its a Store of value like btc (with sensless mining for fair contrubition)....what is dem other scamcoins aka legitimate projects doing???? Exactly nothing just shilling and filling the bags for the devs...0xbtc is better in my opinion its a chance a fair chance the best scamcoins for this price and the best doing coin in my portfolio....

[Anonymous No.9840214]

>>9840202
BCH IS DEAD
BTC IS COMPROMISED
BITMAIN IS DONE FOR
LIGHTENING NETWORK IS OUTDATED
MTGOX ARE BUNCH OF ASSHOLES
This is Satoshis vision.

[Anonymous No.9840227]

>>9840214
Ponzi time hahah fuck it 0xbtc forever wish i dumped my req for it like it did with nano feels much better Holding this scam than the other scams

[Anonymous No.9840232]

>>9840227
Please explain to me how BCH or BTC or NANO is the better store of value.

[Anonymous No.9840389]

>>9840162
what so you don't think they just shuffled around and mined from different addresses to make it look good?

[Anonymous No.9840400]

>>9840389
Weak fud dude.

[Anonymous No.9840415]

>>9840400
i don't think 0xbtc is bad hell i have some since early may.

I just think I can mine 0xLTC more easily and now other know about 0x coins more people are likely to jump on so it will be more even, and am not worried about 0.0037% of supply to some guy who bothered to set it up

[Anonymous No.9840423]

>>9840415
LTC was made to solve problems of BTC
0xBTC solves those problems.
0xLTC solves no problems of 0xBTC.
i'm not against the creation of 0x coins I just don't find value in things that don't solve actual issues.

[Anonymous No.9840424]

>>9840415
kill yourself you fucking scamming cunt

[Anonymous No.9840431]

[Anonymous No.9840433]

>>9840424
why would I hold a stash of 0xBTC that have 10x for me already!

[Anonymous No.9840446]

>>9840433
there are alot of people who bought in 4 months ago are still hodling this shit even if they've already made 30x

[Anonymous No.9840451]

>>9840431
yeah try to launch a coin and caring that a git hup read me that could be corrected later was 100%.

Read the ann...the dev had to get it out as people had already purchased 0xltc.com and .org

[Anonymous No.9840459]

>>9840431
yup you're right, 0xLTC is a scam-- i wouldn't buy it.

[Anonymous No.9841433]

So after reading all the replies, the only actual answer is that this coin that's only known to a few thousand highly autistic neets on an anime porn image board is a "store of value"...

[Anonymous No.9841443]

>>9841433
just like bitcoin in 2009

[Anonymous No.9841451]

>>9841433
and BTC is what again a store of value perhaps?

[Anonymous No.9841479]

>>9840061
It's fairly straight forward: once Ethereum goes proof of stake (expected to happen within the next year), 0xBTC will become the only proof of work currency with a decentralized distribution that can be used in trading pairs with other tokens on the Ethereum network.

Obviously, tokens issued in ICOs lack the fair distribution that would allow them to be effective for trading into other tokens (look up any token on etherscan and view its token holders page -- you will never find a token other than 0xBTC where the top 100 owns less than 60% of all tokens). Additionally, 0xBTC has advantages over "stablecoins" or stable tokens in that there is no third party to worry about. See Tether for example: it's unclear if the founders of Tether actually have enough USD to back each Tether. 0xBTC avoids that human point of failure by being autonomously distributed through a PoW-mining system. The 0xBitcoin name isn't just for kicks -- just as Bitcoin functions as a PoW entry into purchasing other coins, so will 0xBitcoin function as a PoW entry into purchasing other tokens.

One last point: proof of work mining is not meant to secure the network, it's meant to distribute the coin fairly. Often times I see people critique 0xBTC by saying that PoW mining is a waste as it's not securing a network. Again, the PoW mining is meant to ensure fair distribution (just as it does for BTC), which thus makes 0xBTC an attractive option to pair with other tokens. As of today, 0xBTC's most obvious use case is as a trading pair for other tokens once Ethereum goes proof of stake. However, there are other developments going on with this project that you should investigate on the discord.

[Anonymous No.9841591]

>>9841479
eh, the whole "mining makes it a fair distribution" is such a cop out argument. Mining doesnt make something fair, it makes the block rewards go to whoever has the fastest rig/ is willing to expend the most enegry on mining.

That being said, I am not going to simply fud 0xBTC... it was obviously a PND and I made 50$ off of it, which I kept in 0xBTC, which should tell you everything you need to know about my regard for it.

At the end of the day, the best argument for 0x BTC is the same argument for Gold. The reason gold worked so well for so long was because there was a natural limiter put on the gold production process by prices. The more expensive it became to extract gold from the ground, the less would be extracted. The more gold produces as extraction technology gets cheaper lowers the price. The point is, the money supply is not flippantly chosen by the centra, bank. The DISTRIBUTION isnt fair, since it only goes to fast miners, but the amount of token inflation is kept in check by the underlying economics. Literally any asset, besides gold, can be used in this way to create a money system.

At the very least, 0xBTC has this going for it. Its an ERC-20 w 1 feature, the economics/supply is constrained by economics of mining.

Its probably worthless tho lmao.

[Anonymous No.9841641]

>>9840061
>WHAT DOES THIS THING EVEN DO?!
Make us rich.

[Anonymous No.9841647]

>>9841591
> fair distribution is such a cop out argument
Fuck off we are tired of being dumped on metric fuckton whale in every ICO ever.

[Anonymous No.9841683]

>>9841647
lol no fuck you. "Fair" distribution is a nebulous concept. How "Fair" is "fair"? Fair for whom? I'm making a philosophical critique of your argument's supposed moral validity... but you are too much of a shilling pajeet to even comprehend that.

[Anonymous No.9841728]

>>9841683
FUD'ers have lost so much in the way of agrument they have to make Philosophical Critique. WHEN THE ANSWER IS CLEAR FAIR DISTRIBUTION IS WHERE 1 INDIVIDUAL DOESN'T OWN 60% OF A SINGLE MARKET.
A child could understand that.

[Anonymous No.9841768]

>>9841728
lol fuck you pajeet shill your bags somewhere else.

One individual doesnt own 60% of ETH, ETH is distributed based on economic minings, ETH is better than every ERC-20 Token in every single way, you piece of shit

[Anonymous No.9841780]

>>9840061
>WHAT DOES THIS THING EVEN DO?!

It pumps and dumps and gets shilled and is utter shit from r-edit who are raiding here pimping this garbage.

[Anonymous No.9841781]

When is /biz going to stop arguing over this shit and just decide to support it or ignore it. 0xbtc is trying to redo what bitcoin has accomplished but within the Ethereum ecosystem. Its a growing community just like bitcoin was and the majority involved support it and believe it has a future in crypto. If the only argument is that it’s not as fair distribution as we think just pause for a moment and ask how it could be any less fair than the way bitcoin began.

[Anonymous No.9841793]

>>9840415
lying scamming fucking sewer prajeet

[Anonymous No.9841794]

if you can't beat them, join them. exactly the same with this coin either buy the dip or stay poor

[Anonymous No.9841801]

>>9841781
>0xbtc is trying to redo what bitcoin has accomplished but within the Ethereum ecosystem.

FUCK OFF RE-EDIT AND STUFF YOUR SHITCOIN TOKEN UP YOUR ASS

[Anonymous No.9841804]

>>9841768
You can mine ETH forever creating a constant supply. So of course no one would own 60% of the market. It also makes it much less volatile in the sense of trade.

[Anonymous No.9841846]

>>9840061
It redistributes wealth from early adopters to idiots
This thing should be called cargo cult coin due to how it uses pow

[Anonymous No.9841867]

>>9841804
> no one would own 60% of the market
https://blog.ethereum.org/2014/08/08/ether-sale-a-statistical-overview/

[Anonymous No.9841870]

>>9841801
Great response. I’ll take your point into consideration.

If anyone actually believes in Ethereum in the future than I don’t know why you wouldn’t take a small chance that this sticks around and fills a niche down the road. Etc was always supposed to be the gas for the network hence its unlimited supply. If Eth price continues growing then the tx fees will follow. I just think some of you need to think further ahead than 1 month and accept that crypto is ever changing and adapting. If this is a scam then sorry bitcoin is too. All bitcoin has done over the last 8 months is “redistribute wealth” like you cry 0xbtc is going to do.

[Anonymous No.9841907]

>>9841451
>>9841443
Bitcoin is generally accepted as a store of value though. Like gold. You can't just come up with a new product to act as a store of value. I can't just come along and start saying that copper is now as valuable as gold. It's based on market consensus.

[Anonymous No.9841973]

>>9841907
well the whole point is that the success of 0xbtc is tied to market consensus of it being a(nother) store of value

[Anonymous No.9841984]

>>9841907
if your copper to gold standard was true in the sense of crypto market. This would be gold and bitcoin is copper.
The market consensus will eventually not have a choice as BITCOIN will have to shut down and guess what will be there when BITCOIN does.

[Anonymous No.9841988]

>>9841973
this anon gets the point
TOGETHER WE SUCCEED

[Anonymous No.9842017]

>>9841907
That’s true and that’s the point really. All it takes is a community backing an idea or product. A majority may decide 0xbtc has no use and it could fade like a lot of other projects but it is still in its infancy. There are hundreds of other cryptos that got much further than they ever should. Look at verge, bytecoin, and every shit fork of bitcoin. They’ve been accepted by many and grown due to the fact. Now compare them to 0xbtc and doesn’t it seem likely that something that can’t be hacked or manipulated might be accepted by people once it becomes more mainstream?

[Anonymous No.9842049]

just wait for the next-gen PoW-eth tokens arrive

0xbtc is just the start.

i will bring next one in next month, easiest free money for u guys

problem is 0xbtc has 0 purpose, my next gen pow token solves that

[Anonymous No.9842065]

Holy shit - I just mined some of the 0xBTC bullshit, solo mining - for 30 minutes and it cost me $10 USD in gas just to mine it. Came out with 500 0xBTC.

I consider having to pay gas to submit solutions a major critical flaw in the design of these 0x mineable coins. $10 in gas for 30 minutes of mining - and I wasn't even winning 50%

[Anonymous No.9842078]

Sorry - am retard - was soloing 0xBCH, that is what cost $10 for 30 minutes of mining.

[Anonymous No.9842092]

>>9842065
....well there’s no way you got 500 in 30 minutes and even if you did that would mean you spent 10$ to make 1000$ sooooo idk what you’re fuckin on about

[Anonymous No.9842102]

>>9842092
I had to correct myself - it was 0xBCH

[Anonymous No.9842103]

>>9842065
Sole you solo mined with 33 TH/s
made 1000$ in half an hour.

[Anonymous No.9842118]

>>9842078
Ah there’s your problem, 0xbch is pointless and a copy n paste hoping to ride the coat tails of 0xbtc, good luck with it but imo it’s a waste of time.

[Anonymous No.9842121]

>>9842102
Oh that makes more sense.

[Anonymous No.9842160]

next gen 0x pow coin will have no gas fees

[Anonymous No.9842184]

>>9842160
0 gas fee will lower the price
the price directly reflects the mining cost

[Anonymous No.9842195]

>>9842184
wrong the electricity/work reflects price (+demand obv)

requiring 0 gas to submit work will skyrocket demand

[Anonymous No.9842212]

>>9842195
How do you intend on making transactions on Eth network cost no Eth?

[Anonymous No.9842292]

>>9842212
not gonna give away half the tokens functionality now, some shitclone will pop up i'm done.

just keep ur gpu's eyes ready for this

[Anonymous No.9842342]

>>9842292
Is there a discord where I can follow your project? I'd like to be an early miner.

[Anonymous No.9842557]

>>9841479

god this is retarded. you know how easily a new coin could come out with a better distribution than 0x? devs also split a large % of the circulating supply into different wallets. You fags massively overplay the importance of distribution. It has nothing to do with stablecoins and cannot act as one (down 80% the last week). projects won't use 0x rather than their own token; people aren't putting in work to drive demand for your coin. they will use their own token to capture the value they create.

PoW is absolutely meant to secure the network; consensus is the only reason it exists. It isn't even a very good distribution model because all coins go to miners and as difficulty goes up; only to the large miners (see bitmain). the way PoW distributes coins is a side affect of the economic incentive to perform consensus (block rewards). Satoshi did not create PoW primarily to distribute coins, wtf that is ridiculous.

newfags: there is a reason these discord pajeets are making 60 threads a day. It isn't to help you make money.

[Anonymous No.9842566]

>>9840232
No i dont explain anything its all specualtive shitcoins....except og Bitcoin and 0xbtc sticks to da Script...go ahead and give your money to req nano devs for doing such a great job in Dumping bags make themself rich hahaha crypto is fucked up

[Anonymous No.9842670]

>>9841591

lmao just because something has a capped supply doesn't mean there is demand for it (and that it therefore has value). Literally all erc-20 tokens have capped supplies. How is that working out for Jesuscoin? The only erc-20 tokens with value have some intrinsic value or utility beyond simply "good tokenomics". Eth is used to pay for access to the platform. utility coins are used as fuel in their respective projects/economic systems.

There is only 1 real digital currency and that is bitcoin. You faggots know that.

BTC is by far the most robust network in crypto, backed by 100s of genius devs and billions of dollars.

0xBTC is a smart contract some dude wrote in his garage. It can't ever be improved or developed. If some error is found your coins are worthless. It is completely dependent on Eth adoption and success.

[Anonymous No.9842698]

>>9841781

how can we ignore it when you faggots won't stop flooding the board with shill posts and constantly replying to your own shitposts. We can't ignore it but we sure as hell aren't buying it either.

[Anonymous No.9842702]

https://youtu.be/ChjgUAOiIPw

skip to 1:15 or watch the whole thing if you want to learn about 0xbtc. it is the only ERC20 token with commodity-like features. Given that it is the only commodity like ERC20 token, it should be the primary currency within the Ethereum Virtual Machine. Ether was not meant to be a currency. It had an ICO and needs to be wrapped in order to use. 0xBTC takes the best of both worlds. As long as Ethereum persists, 0xBTC will continue to grow.

You may think it is delusional but i see a day where 0xBTC dominates DEX trading pairs instead of ETH.

What will happen to this token when it gets on larger exchanges and when the creator releases the Lava Network to enable users to pay gas with 0xbtc instead of ETH? This token is unironically the first time biz has been right about a currency.

[Anonymous No.9842727]

>>9842670
>it cant be improved
it is an ERC20 token which means that if Ethereum improves, 0xbtc improves. What is wrong with relying on Ethereum? Ethereum is the best platform for dapps right now

[Anonymous No.9842732]

>>9841870

if tx fees go up it gets more expensive to send 0xBTC too brainlet (more expensive than just transferring ETH actually because a smart contract has to be executed).

[Anonymous No.9842756]

>>9841984

why would bitcoin die but not ETHEREUM? BTC has the stronger network. Ethereum is about to be classified as a security, not BTC

[Anonymous No.9842775]

>>9841683
Kys commie

[Anonymous No.9842791]

>>9842756
> number of btc nodes: 9K
> number of eth nodes: 15K
> BTC has the stronger network
https://www.flippening.watch/

[Anonymous No.9842797]

>>9841768
>says distribution via mining is a cop out argument
>praises ETH for it's fair distribution due to mining
Make your mind up you fucking spacker

[Anonymous No.9842807]

>>9840061
>what this thing actually DOES

All this thing does, only better...

[Anonymous No.9842832]

>>9842791

>nodes indicate strength not hashpower

Zencash has 50k nodes and just got 51% attacked.

fucking brainlet. typical low iq 0xFag

[Anonymous No.9843146]

>>9842832

when the real criticism comes out you guys disappear and start a new thread

[Anonymous No.9843182]

>>9843146
bitcoin is obviously more secure but Ethereum is secure enough. Either you are secure or you are not secure. Who cares who is more secure?

[Anonymous No.9843769]

>>9842292
Desu, where can we see updates/follow progress?

[Anonymous No.9844275]

[Anonymous No.9844390]

>>9841591
>, and I made 50$ off of it,
>eh, the whole "mining makes it a fair distribution" is such a cop out argument.
>here’s how gold mining works guys! It’s almost like you could apply that digitally and cryptograpically to make a virtual currency!
>Its probably worthless tho lmao.

Holy shit. Ahahahahahha the ABSOLUTE FUCKING STATE OF THE CRYPTO MARKET

It seems we’ve come full circle, I remember going to CVS to buy 1BTC for $220 via the MoneyGram so I could buy acid on the silk road. Now we have newfaggots talking about how they doubled their $20 in 0xbtc and haha but whatever it’s probably a scam.

clearly none of the newfriends have any idea how fucking BITCOIN works in the first goddamn place. The satoshi POW model is *THE ONLY* distribution mechanism that’s PROVEN to work in now a decade of cryptocurrencies existing; that’s why this is such a big deal, because using the speed and security and first mover advantage of ethereum, you can now have a standardized, (nearly) ASIC-resistant, universal hashing algorithm (SHA-3) by which any shitcoin of your choosing can be fairly created and mined, and yet, exist right in your cute little ETH wallet as any other ERC20 shitcoin.

Imagine that, but now replace the entire bullshit factor of the whole extant Bitcoin ecosystem - no Roger Ver, no Blockstream, no segwit, lightning cuckwork, exorbitant transfer fees, satoshi wallet premine, etc etc - with LITERALLY bitcoin 2.0 with none of the downsides but every single benefit, present and future, of the Ethereum network. Imagine built-in privacy features once ZK-SNARKS are developed onchain. Imagine trading your 0xbtc directly for other ERC20 shitcoins in a DEX without having to trade against ETH itself, let alone BTC on a centralized exchange and mismeasuring your satoshis when you mix them up with Gwei.

Jesus christ the whole crypto world is in for an awakening. But thankfully, judging from the amount of misunderstanding about it, I can still accumulate.