/biz/ - Business & Finance

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0xShitcoin does nothing. Imagine a generic ERC20 token but then someone adds a useless mining feature to make it inferior to every other token out there. Now it is just like every other P&D token but you need to waste a lot of electricity in order to mine it. Nobody ever adopted it for anything. This was done supposedly to create fairness but the devs were mining it at near zero difficulty before anybody knew about it and thus gained a huge stack for themselves (They likely own 40 to 80% of the total supply and spread it acros 1000 wallets to hide the scam.). After that 3 mining cartels took over. Should even one of them abandon this shitcoin (due to the falling price) then there would be a single mining cartel with well over 51% control ot 0xBTC.

Long ago when this fraud was still traded around a dollar it already became impossible to buy anything with it. If someone had bought or sold one iPhone worth of these scamtokens then this would have caused the price to move up or down by 20%. Now it has become completely useless. The reported numbers state that it has more volume than its entire market cap. The volume is completly fake. Right now you cant even sell your coins even it was just a small transaction.

These threads are all made by one single pajeet and it is impossible to argue with him. 0xBTC is about to die.