/biz/ - Business & Finance

>>15193738
This is what you get when you buy shitty monarchy tokens.

>>14586696
let me shill you real quick then, senpai

>>14454587

>>14382633
>the majority coin holder (creator) controls the order books
clearly you don't have the first idea what 0xBitcoin is or why it was created.

>>13965969
you mean this?

4. The first PoW asset that does not rely on miners
Since 0xBitcoin lives on the Ethereum network instead of its own blockchain, then that means that its hashrate can drop to 0, and it could still be transacted with as well as ever. When all tokens are mined out, then no more energy will ever need to be contributed towards it, unlike all other PoW coins. This problem is pretty far off, but sooner or later the diminishing return on mining other PoW coins will constitute a security and sustainability problem for them, unless their price keeps going up forever to make up for the increased cost of mining.

This point also means that 0xBitcoin is immune against 51% (or 99% for that matter) attacks against it. One would have to attack the whole Ethereum network to double spend 0xBTC. As such, it is the first PoW asset that's immune to the death spiral, as well as completely immutable. The rules governing it can never change.

5. Programmable
0xBitcoin mining can be programmed. One planned use for it is a decentralized method to delegate authority for the LavaWallet - a relayer network being built by the creator of 0xBitcoin to allow people to transfer ERC20 tokens without having to hold Ether in their wallets. Instead of any central authority appointing privileges to others, everyone will be able to compete for them by mining 0xBitcoin. This is a rather new concept, and new usecases for it will certainly be thought up as 0xBTC draws more developers to it.

6. Compatible with smart contracts
This should be obvious from all of the talk about the Ethereum network, but it's signifcant enough to warrant a separate mention. It is not possible for a smart contracts to send some amount of Bitcoin from one party to another upon the fulfillment of some set criteria. That is because the Ethereum network can not "understand" Bitcoins, since they are on a different blockchain. 0xBitcoin is the first PoW asset that can be used in such contracts.

>>11133768
>Some people have millions of these
as if, everything else you said is even more retarded

5 more to go!

The 0xBitcoin Foundation is also in the final steps of getting started up and a new exchange listing is already underway, with several more to come in the following months.

Personally, I've been accumulating all summer, foregoing all but the most necessary of expenditures in order to save money for more 0xBTC. The area of token mining is still very new and unknown, but it could potentially be the next big thing in crypto when Ethereum goes PoS and people start looking for a non-inflationary currency that can interact with smart contracts. Writing out this long-ass wall of text, I obviously do believe this will be the case, but if this post has sparked your interest, then I definitely suggest doing some research on your own before buying. If you have any questions about 0xBTC or the ideas behind it, then I'd be happy to answer them.


What is 0xBitcoin?

The only deflationary cryptocurrency that can interact with smart contracts. It is mined using PoW, but unlike all other PoW cryptos, it is not vulnerable to 51% attacks against it since it is secured by the Ethereum network. Every single ERC20 token before 0xBTC was created by a single person or entity, which controlled all of the tokens upon deployment and then distributed them. We have no idea or way of verifying how fair that distribution actually was and just have to trust that one guy, which defeats the whole purpose of crypto. Proponents of 0xBTC basically believe that Ethereum as a whole will succeed, but Ether itself will not and can not effectively serve the role of store of value on the network due to its monetary policies being very hazy and alterable. Instead, a pure mined and immutable asset is needed that people can trust not to have been hoarded by a small circle and never to change, while the price of ETH will sink.

One half of that theory is already coming true, if the other part makes sense to you as well, then 0xBitcoin is the crypto for you.

>>10863906
Reminder.

>>10780754
Thanks for the advice OP!

>0xBitcoin is the key

>>9949155
as opposed to...?

>>9935609

>>9924190
>scam
its priming for another pump and you all know it

>>9924108
Good idea, it could do with a bitcoin

>>9918717
Please tell me how it is a scam. Thank you.

Yeah, so this is a scam, right?