/biz/ - Business & Finance

Pic related has a marketcap of $500k and is the most interesting implementation of Bitcoin since satoshi's whitepaper. Literal kings will be made from this token. 100x easy

Just watch. Those who know, know

Let that sink in

Ethereum got token distribution wrong. One person, the monarch, starts with ALL the tokens. This method is so flawed it's embarrassing. The plethora of scams and shadyness surrounding it is like a black cloud over an otherwise world changing technology.

EIP 918 is a solution to this problem. It introduces "token mining", in the vein of projects from an earlier era of crypto. FOR THE FIRST TIME there is a way to distribute tokens fairly and completely transparently. There's no way to "scam" this system.

And the perfect first iteration of this contract was Bitcoin on Ethereum. It still amazes me this was not the first ERC token ever created. It's a stroke of luck from God that I can buy it at current prices. Had it been released years ago, hell even just a few months earlier during the great bull run of 2017 I couldn't buy nearly as much (am poorfag)

I think my favorite aspect is how it scales naturally with Ethereum, and will become more capable as we enter Web 3.0