/biz/ - Business & Finance

>>15036063
>Down 95% from ATH, nice growing number of people you've got there. Shills like you rely on dumping walls of text which is an obvious indication that it's just buzzwords.

sorry, it's hard not to be wordy and takes more time to edit it down than to just stream.

>There's nothing in PoW that makes a coin inherently valuable.

there is no inherent value, period.

there are games and rules. people like games with uncheatable rules, and they build value within those systems. the game of PoW mining can't be cheated: the rule is that you can "destroy" electricity in a provable way and then receive a certain reward. most people don't know the rule of the PoW game or that the value they perceive depends on it, but they can still play and benefit.

compare to gold. it has no "inherent value". it has some material utility but is valued at a huge premium above that. the rule of the gold game is that you can only "make" more of it at great expense by extracting it from ore, and that expense is not recoverable, i.e. you can't get your labor back and spend that again. those are the rules of the gold game and they are obviously ancient and enduring despite being merely a beneficial shared delusion. most people don't know the rules of that game either yet they play.

Bitcoin ported an ancient value game to an entirely new arena. 0xBitcoin is just a further port to a smaller arena.

>>15008291
>Every one of you motherfuckers are ignoring a massive premine of 0xshitcoin

Sorry I got the wrong pic, here's the original.

>>15004287
>where does the premine fit on your diagram?

What premine, it was open from the start. HUndreds of people go into it, it grew organicaly.

Heres your proof, the contract was launched 537 days 2 hrs ago (Feb-06-2018 04:03:46 AM +UTC). You can see the launch and also go see the first transactions which were hardly any.

https://etherscan.io/tx/0x5cdcd05f9d6e53e4be3c48095d95caa9d71f0c28f2bd5fe0ab4deeb20b75c026

The Discord was started 2 days later and no premining had been done. Anybody can verify it, use the links here.

<-- The pic is the Discord members count. You can join the Discord if you don't believe it, go read the message history starting from Feb 8.

I already just explained how mining can't be cheated in this thread:

>>15005157

Now STFU about your conspiracy theories please.

>>15001620
>>>15001185 (You)
>Kys loser