/biz/ - Business & Finance

>>13262582
nobody gives a shit about a 72m premined nocapped forked off russian socialist scam you imbecile nigger. no go back to rddit

>>13262595
70%of crypto development funding goes towards Ethereum and Ethereum based projects. You don't matter.

>>13262629
weak cope.

>>13262595
Based & redpilled.

holy shit, time to top up my 0xbtc bags before PoS goes live

>>13262582
To soon. I only have 30 ether!

>>13262595
let me guess, you're a brainlet min. wage wagie with no end in sight and your only investments are in shitcoins < $100 hoping for a 10,000x

yet you blame (((them))) for your mistakes

wow i love EOS anon, i-i mean ethereum

>>13263173
bragging about not being stupid is like bragging about having a big dick or something
you didn't earn it, you were just born with it

fuckingfaggot

>>13263034
Can someone explain to me why everyone's buying 0xbtc before eth goes pos?

>>13263230
because saying this allows low-key shilling that isn't instantly dismissed as such

>>13263230
Because after ETH goes PoS, 0xBTC will be the largest mined asset on the platform. There are a lot of people who think PoS distribution is a scam due to it favoring people who already have a lot of ETH, but who also still like Ethereum as a whole. A mineable PoW token like 0xBitcoin is ideal for such a demographic. Hard to estimate how many such people are out there, but definitely enough to justify a market cap at least in the tens of millions.

>>13263288

>PoS distribution is a scam due to it favoring people who already have a lot of ETH

>PoW distribution is a scam due to it favoring people who have a lot of mining power

PoW is just PoS with extra steps (buying gpus)

c'mon rajeesh you're better than this

>>13262595
The absolute state of this board. This is relevant for literally everyone in crypto. PoS not working is the biggest fud against ETH. If it ends up being a success it will have a huge impact on the development and/or the price of most cryptos (including other smart contract protocols and BTC).

>>13263328
This. Which is why I'm glad Vitalik took the time to get it right, rather than rushing it to meet the earlier timeline.

The end of the bear market is literally the perfect time for this.

>>13262595
The absolute state of this board. This is relevant for literally everyone in crypto. PoS not working is the biggest fud against ETH. The implementation of PoS (and how successful it is) will have a huge impact on the development and/or the price of most cryptos. Including other smart contract platforms and BTC.

>>13263336
Reposted my reply >>13263351
to fix a typo.

anyone else feel like PoS won't cut it? It feels like PoW is the real breakthrough in securing the network...

>>13263296
sirs, please do not do the racisms, 4channel is famili frendly sight.

But don't act like people involved in 0xBTC were the first or are the only ones to say that distribution through PoS is heavily skewed. Of course the people with more resources have more possibilities to leverage their resources to gain even more resources and this holds true whether something is distributed through PoS or PoW. There is, however, a very fundamental difference between these two mechanisms. In PoW, the resources are invested externally, meaning that anyone can build mining rigs or ASICs or whatever and use them to contribute hashpower in order to obtain coins. They can then sell whatever they have mined to get more money to invest in more mining hardware.

In PoS, the resource and the equipment necessary to obtain that resource is one and the same. No continuous investment is necessary, you just hold what you have and it generates you more coins, guaranteed. And who decides how the initial supply is distributed? 70% of Ether was just poofed into existence and distributed by humans, not maths. If someone obtains enough Ether, then his position can never be dislodged, he will have cemented himself as the largest owner forever. There aren't any external factors coming into play. There are enough people who see this as a problem for 0xBitcoin to be worth at least a couple of bucks a piece in the future.

>>13263367
Neither are going to cut it unless they can make them scale.