/biz/ - Business & Finance

So I have been thinking about this token a lot, having discussions with people some from their discord and some friends of mine

The posts about "Satoshi Vision" etc. are total bullshit, and it has very little hope of being used as a currency in any fashion in the near future

It is terrible at serving the intended purpose of Bitcoin.
HOWEVER, it has massive potential for use as a commodity or store of value - the only thing Bitcoin has actually been good at for a long time

I was initially very critical of it using a lot of power and computational energy for no apparent benefits over using regular Ethereum or other cryptos that exist today, but it was pointed out to me that the electricity problem is an issue with our electricity generation being dirty and not directly with the technology itself

I remain open to the possibility that a better solution exists for this use case which is not as wasteful, but I'm also not aware of any good candidates

Another issue I have is people frequently using the word "fair" to describe the distribution, and comparing it to token ICOs, which are not really comparable. It is not a project with a very specific goal in mind and it is not seeking investors
The majority of it will be owned by those who get in earlier

However, it is "fair" in the sense that it is awarded to anyone who contributes hashes, cannot be forged, and the algorithm it uses will behave the same way that Bitcoin did, producing scarcity and thus value as demand rises

It has all of the benefits of Bitcoin, while being an ERC token and smart contract compatible (and all of the strengths of Ethereum intrinsically)

It also has first mover advantage for mineable ERC tokens... and a direct association with Bitcoin

All it will take is for a significant amount of investors to realise the potential it has, and it will become a self fulfilling prophecy

I am open to any counterarguments you might have - pls discuss /biz/

>>9702725
Comy as fuck

DO NOT EVER BUY 0xBTC
IT'S DANGEROUS FOR OUR DEMOCRACY