/biz/ - Business & Finance

Its a shitcoin being shilled here by a subreddit who are about to dump. Literally worthless, a mineable erc token like several others.

understanding 0xBTC:
1. 0xBTC uses same hashing algo like Bitcoin
and posible mining 0xBTC with ASIC hardware
2. But dont have public avalable 0xBTC miner with ASIC support
3. The reward_halfing time is very low
4. So now most coins actualy mined buy the developer
-----------------------
Summary: it the same Pajeet-Pansun scheme like picture related, good luck investing in this scam

>>9769823
Did you even fucking read the OP?

>>9769832
ASIC resistance is good.

The developer hasn't pre-mined the coin.

>>9769823

gimme some proof anon

>>9769817
So what you are saying the already worthless token becomes even more worthless as more tokens are mined? Sounds good anon.

>>9769823
stay salty boomer

>>9769832
PIC RELATED
ITS YOU.

>>9769832
>Pajeet-Pansun scheme

excuse me sir

>>9769838
yes and he clearly doesn't understand how ethereum works

>>9769817
Any public token built on ETH are bound to fail.

>>9769847
It's the exact opposite of asic resistant you illiterate street shitter

>>9769832
WRONG

>>9769817

Orrr... you could buy 0xCATE because it has difficulty retarget at each block, compared to the static retarget each 1024 block, that leads to hashrate attacks nonetheless. Furthermore,

I invented Proof of Use. It's experimental, but it helps off-set the gas fees on ethereum.
Each time you make a transfer, it creates coins.
I'm about to release a new smart-contract to swap everything on an upgradeable contract, and add even more features.

0xCATE > 0xBTC

>>9771286
>0xCATE
There is a pre-mine of 1 337 Million Cates.

Fuck off

>>9771262
Get your first-row tickets, brainlets !

is there a way to check the top wallets balance?

>>9771295

I used it to do a friggin airdrop right here on 4Chan, around 100M; also, we're talking about a trillion+ coin supply in 5 years or so,

and Ethereum is 75% pre-mine. You fuck-off

>>9771319
So there remains an undistributed pre-mine of 1 237 Million Cates? Is that number correct?

>>9771365
What I mean to ask is that you only retain 1/14 of circulating supply? Or is mah math bad?

>>9771319
when is it gona pump tho ;)

The real flippening is when this flips BCH. I'm gonna bathe in Ver's tears.

>>9771365
Well, actually, we've ran a pool for our community, at loss, for two weeks; it costed us 0.5 ether per day, and we sold tokens as the pool fees didn't nearly cover anything. In the end, the remaining premine is about 500M tokens, and we need theses to get listed on decent exchanges

again, no ICO means we don't have 50k Ether to shill our coin or anything;
marketing campaigns are prohibitively expansive, unless you're willing to give us Ether to pay for it, premine is actually a better solution

Also, all the fucking top-coins are premined to hell. Bitcoin: 5%
Dogecoin: 7%
XMR: 15%
Ethereum: 75% used to do an ICO in bitcoins, then kept 10% and switched for POS to keep control of the supply
Every fucking coin is either pre-mine, instamine, or ICO.
Open your eyes, sheeple, industry needs initial funds to get somewhere

the only true bitcoin on etherem, if it ever happens, will come with a snapshot of the bitcoin network and the coin airdropped ready for people to claim with their BTC addreses.

deal with it.

>>9771384
furthermore, in 18 month the circulating supply will be well over 150 Billion coins, knowing that with the halving rewards, it'll already be 50+B in one month or so
We just need funds to do stuff and pay things for the project, IMHO it's a legitimate reason

>>9771433
Thx for the reply, helpful info. Good luck with the project

>>9769817
It's not Bitcoin though. It's a random mineable ETH token with a limited supply.
So basically it only exists because ethereum itself has decided to go for an unlimited supply.
Why don't you just make an eth fork instead?

>>9769817
>effectively creates a 2D POW solution BTFO 51% attacks.
PoW in 0xbtc is used only for distribution, it doesn't do anything else
>Ethereum isn't exactly a store of value because it has infinite supply.
finite supply doesn't make 'store of value'. Dollars atm are a much better store of value than any crypto
(STORE of value means it neither gains nor loses much on a day to day basis)
>>9771286
>I invented Proof of Use. It's experimental, but it helps off-set the gas fees on ethereum.
>Each time you make a transfer, it creates coins.
so you made a coin designed to incentivize spam transactions
and you didn't invent it, people were coming with this idea on bitcointalk years ago