/biz/ - Business & Finance

[Anonymous No.10422191]

Reposting this again so /biz/ can have at least one well sourced post on a token instead of the ICO dev team cocksucking that's going on usually.

- First fully mineable ERC20 token on Ethereum. Created by, and actively developed on, by the authors of the EIP918 protocol: https://eips.ethereum.org/EIPS/eip-918

- It is not a work in progress with dubious claims, but a finished and immutable smart contract. No ICO, no premine, and no founder's reward. You're not at risk of having 30% of the supply dumped on you secretly. The price isn't dependent on the anticipation of deadlines or conferences. 0xBitcoin is as transparent as can possibly be. If you read solidity, then go ahead and give it a read: https://etherscan.io/token/0xb6ed7644c69416d67b522e20bc294a9a9b405b31#readContract

- Big names in Ethereum, including Vitalik and Vlad Zamfir, have stated that Ether is not a good currency and functions best as gas: https://twitter.com/VladZamfir/status/954819096922779649

- Merge mining allows for 0xBitcoin to be an anchor on which future cryptoassets can be fairly distributed, giving devs an alternative to ICO, airdrop, and faucet for truly decentralized projects: https://medium.com/coinmonks/0xlitecoin-and-merge-mining-tokens-a0381effb31

- 0xBitcoin acts as more than just a currency; it is an effective PoW engine on Ethereum. Decentralized PoW has many applications when it comes to decentrally and non-randomly deciding arbitrary events within smart contracts. 0xBTC's mining is already functioning within the governance of the Lava network: https://medium.com/@admazzola/a-revolutionary-new-ethereum-smart-contract-pow-king-of-the-hill-5b68e6d9a51c

[Anonymous No.10422197]

>>10422191

- Developed by the 0xBTC contract deployer, Lava network will allow users to transact on Ethereum by paying in ERC20 tokens instead of in Ether. This paves the way for adoption of 0xBTC as the default currency on Ethereum, and relegates Ether to background utility status as was intended.

- As an ERC20 token, 0xBitcoin will scale with Ethereum and is virtually immune from 51% attack. Any improvements in privacy and transaction speed/cost on the world's most used smart contract platform will apply to 0xBitcoin without altering the contract code.

- With a market cap of just $2.5mil, 0xBitcoin can 100x and still only be half way towards the market caps of Bitcoin pretenders like Bitcoin Gold and Bitcoin Diamond.

[Anonymous No.10422231]

it's not worth it anymore anon. "PAJEET SCAM" they say.... although shitskins have nothing to do with it. let them miss out on big gains in the coming bull run. 0xBTC will outperform almost everything.

[Anonymous No.10422242]

[Anonymous No.10422300]

>>10422191
scamcoin fuk off

[Anonymous No.10422749]

>>10422300
This is the high quality FUD of the nocoiners. Behold.

[Anonymous No.10422798]

>>10422191
Comfiest hold anon.
comfiest hold...

[Anonymous No.10422927]

I have 1750 0xBTC

I am so comfy rn

[Anonymous No.10422940]

>>10422927
Actually can't wait until I am a millionaire

[Anonymous No.10423630]

How this coin only has 2.2 mil market cap is beyond me. Just the idiot money seeing "Bitcoin on Ethereum" will send this to 50 mil. The insider money wanting to avoid eth's inflation is what will shoot this to 500 mil

[Anonymous No.10423899]

People who don't understand this coin really baffle the hell out of me.

How could they be so blind; this is the easiest bet in crypto

[Anonymous No.10423923]

>tfw you own 0xBTC and planet #1488 on 0xUniverse
>tfw taking over crypto one galaxy at a time

[Anonymous No.10424263]

Only ~850 here.

Will I make it

[Anonymous No.10424356]

>>10422191
>Decentralized PoW has many applications
Name 5!

>- First fully mineable ERC20 token on Ethereum. Created by, and actively developed on, by the authors of the EIP918 protocol: https://eips.ethereum.org/EIPS/eip-918
Annnd? So they made a proposal to fit their coin? And?

>No ICO, no premine, and no founder's reward. You're not at risk of having 30% of the supply dumped on you secretly.
But at least an ICO has a minimal market value of the fiat spent on the ICO divided by total number of coins held. Why the fuck would I buy 0xBtc over the thousands of other tokens? Why?

>- Big names in Ethereum, including Vitalik and Vlad Zamfir, have stated that Ether is not a good currency and functions best as gas: https://twitter.com/VladZamfir/status/954819096922779649
No one is debating that, but again, that affects all tokens, not just 0xB, and arguably mean s Ether shouldn't be used for currencies PERIOD. including this one!

> Merge mining allows for 0xBitcoin to be an anchor on which future cryptoassets can be fairly distributed,
But doesn't it also cause cartels since miners will be getting assets in other cryptos, more to the point, why would you want to mine other crypto assets unless they have market value?

Your token is like Laserdisc: a nice concept but utterly impracticable and will never be widly adopted.
Stop fucking shilling this you loser.

[Anonymous No.10424603]

>>10424356
> Name 5!
Read the post, decentralized governance of side chains using PoW engine. Read the article if you're interested. Merge mining is big too, entirely new distributional method.

>But at least an ICO has a minimal market value of the fiat spent on the ICO divided by total number of coins held.
That's false, a token is not magically held to a price floor. Many tokens are below ICO price.

> Why the fuck would I buy 0xBtc over the thousands of other tokens? Why?
Read post for the literal answer to this question.

>arguably mean s Ether shouldn't be used for currencies PERIOD. including this one!
This isn't Ether. Do you not know the difference between Ether and Ethereum? Christ.

> But doesn't it also cause cartels since miners will be getting assets in other cryptos, more to the point, why would you want to mine other crypto assets unless they have market value?
What's the relevance of this? Then more people will mine if its economical. IDK what you're saying. Also, read the article on merge mining.... you don't need to divert hashpower away from 0xBTC at all... that's the point of merge mining.

> Your token is like Laserdisc: a nice concept but utterly impracticable and will never be widly adopted.
It's already working idk what to tell you man. Learn Solidity and read the contracts in the post.


This is pathetic.

[Anonymous No.10424645]

>>10422191
GPU miners contribute nothing to anything and should stay poor. If you're still GPU mining in the year 2018 punch yourself in the fucking face.
And holy hell sell those cards before the market realises theres about to be a fucking tidal wave of them

[Anonymous No.10424662]

>>10422191
They posted screenshots of you niggas saying you were gonna take over biz with shills. go away.

[Anonymous No.10424701]

>>10422191

Bless you senpai

[Anonymous No.10424707]

>>10424662
Yea, out of context of where everyone told him to shut up. Sit the fuck down. There is no FUD against this coin worth anything.

[Anonymous No.10424716]

>>10424662
Wrong image, here we go.

[Anonymous No.10424737]

>>10422300
>>10424356
>>10424662

You won't get your hands on my 0xBitcoin!

[Anonymous No.10425563]

>>10424603
>Read the post, decentralized governance of side chains using PoW engine. Read the article if you're interested. Merge mining is big too, entirely new distributional method.
I did read it, did I click on the wrong link. I see no actual applications.

>>10424603
>Read post for the literal answer to this question.
All I see is a bunch of features - I don't see any
a. proof of wide spread adoption
b. a specific use or utility (not that every token needs one: but in lieu of a community adopting it this would be a good thing)
c. any reason that people will invest in it other than the cost of mining already
I read OPost, there is nothing there.

>you don't need to divert hashpower away from 0xBTC at all... that's the point of merge mining.
I never said that: in fact that's my point, now you have people mining multiple tokens at once - some tokens which are worthless, others which are worth something. The miners now can manipualte multiple holdings.

>It's already working idk what to tell you man. Learn Solidity and read the contracts in the post.
Laserdisc worked. But VHS was still popular and DVD blew them both out of the water.
How deluded are you?
Why can't you sell this? Why bother making this thread unless you can sell it?
What is your endgame?
Why is the onus on me and others to work hard to LEARN the advantages of your token when there are thousands of other places to put one's money?
Stop mentioning features, that's why I said my laserdisc analogy.

[Anonymous No.10425642]

>>10424263
Yes
How does 8.5 mill sound to you?

[Anonymous No.10425769]

IvanonTech said that the code for 0xBitcoin "looks like shit"

>No thanks.

[Anonymous No.10425777]

>>10425563
> I did read it, did I click on the wrong link. I see no actual applications.
Try the precursor article as well. If you read Solidity there's also another smart contract in there. Using PoW to determine arbitrary events, such as which relayer will accept a Lava packet, allows for a certain degree of pseudo-authority-based governance while being drawn from decentralized yet non-random proof of work. This usage can further be extended to side chain governance protocol.

> a. proof of wide spread adoption
There isn't any yet. I wouldn't have made the post if most people already heard about it.

> b. a specific use or utility (not that every token needs one: but in lieu of a community adopting it this would be a good thing)
See above. I also think you're overlooking the potential of merge mining. Devs who want to fairly and decentrally distribute their currency now have an option to do so without faucets (which are very easily gamed) or airdrops (which are quite expensive).

cont.

[Anonymous No.10425783]

>>10425777
A fucking PROGRAMMER said that the code looks like shit. You are investing in literal shit.

[Anonymous No.10425802]

>>10425563
>>10425777

> c. any reason that people will invest in it other than the cost of mining already
A token that has such a high potential for side chain governance usage, especially one that is guaranteed to remain PoW forever, is an ideal store of value and currency on the Ethereum blockchain. The fact is that Ether was born centralized through an ICO, and within the next two years (at least!) will continue to be inflationary. The future monetary policy of Ethereum is so untransparent that to this day we are unsure of whether Ether will ever have a supply cap or not. Furthermore, PoS is a reward system for doing nothing but already having money. All of these things are great for use as a gas token and to secure a network, but as Vitalik, Zamfir, and countless others have said, Ether does not make for a good currency. Yet, the Ethereum ecosystem, which will only continue to grow in value alongside scaling improvements, needs a currency and store of value asset. 0xBTC RIGHT NOW is transparent in its supply cap, fair in its distribution, deflationary, and as programmable (if not moreso: see Wrapped Ether) as Ether. There is a real need in the $50 bil+ Ethereum network for this tech.

> I never said that: in fact that's my point, now you have people mining multiple tokens at once - some tokens which are worthless, others which are worth something. The miners now can manipualte multiple holdings.
Okay? Miners can manipulate holdings of any token they mine. If the market ascribes value to a token then so be it. That goes into the value of mining and then more people mine, difficulty increases, mining slows down, supply increase slows, etc. Let the market do its thing that's not something to be concerned about.

[Anonymous No.10425826]

>>10425802

I don't think you understand how technology works. Why are landline phones not commonly used anymore in comparison to cell phones and VoIPs? It's because technology moves forward.

Case in point: no one will use your piece of shit technology. Stay poor on your 56K dial up connection.

[Anonymous No.10425833]

>>10425563
>>10425777
>>10425802
> How deluded are you?
> Why can't you sell this? Why bother making this thread unless you can sell it?
> What is your endgame?
I don't want to sell it because I think it will go up in value... what kind of question is this?

> Why is the onus on me and others to work hard to LEARN the advantages of your token when there are thousands of other places to put one's money?
Are you asking me why it should be a potential investor's job to learn about a potential investment? I didn't force you into this thread. You wanted a discussion, I'm giving it to you. You don't have to invest, there's no gun to your head.

> Stop mentioning features, that's why I said my laserdisc analogy.
I can't guarantee anything in crypto. Did I once make a definitive statement about pricing? 0xBitcoin might die off and be worth nothing, any coin/token can suffer that fate. I'm just laying out an argument as to why I believe the token is severely undervalued. This isn't the holy grail of coding tech that solves every problem on blockchain ever; this isn't a LINK thread.

[Anonymous No.10425849]

>>10425769
>>10425783
>>10425826
Wow I really got BTFO here.

[Anonymous No.10425854]

>dude it doesnt have an ico or premine! and you can mine it!
This is how far crypto has fallen in the last 12 months... I remember when half asses "btc clones" were just ignored, and no one looked twice at generic pow coins. But now its a selling point? Lol.

>>10424603
The proof of work for this coin is nothing more than throwing hashpower at a smart contract and having an amount of tokens released based on the current difficulty.
It really does nothing other than to distribute the coin. That is the only use.

[Anonymous No.10425860]

>>10425802
>especially one that is guaranteed to remain PoW forever
So what are you wasting your hash power on once the 21 million tokens are released?

[Anonymous No.10425861]

>>10425563
>>10425769
Forgot to link this precursor article: https://medium.com/@admazzola/tokenminingpool-com-now-supports-miningking-and-doublekingsreward-264dee0761e2

[Anonymous No.10425901]

>>10425769

source? can't find it

[Anonymous No.10425910]

>>10425849
Yeah you did bitch. Looking at your coin's marketcap, low volume, and shit exchanges is all the confirmation I need.

Coin talk aside, I really wish there was a way I could spit on you through the Internet but unfortunately I can't :(

[Anonymous No.10425919]

>>10425854
> The proof of work for this coin is nothing more than throwing hashpower at a smart contract and having an amount of tokens released based on the current difficulty.
> It really does nothing other than to distribute the coin. That is the only use.

See https://medium.com/@admazzola/a-revolutionary-new-ethereum-smart-contract-pow-king-of-the-hill-5b68e6d9a51c and >>10425861
and read >>10425777


>>10425860
I'm not going to lie to you anon, I really do not think Ethereum will be around in 100+ years (when the 21 million are likely to be mined). A more quantum computing compatible blockchain (maybe Nexus, likely something else) will easily take its place. It's kind of a moot point to ask this question since investors don't look 100 fucking years in advance, nor would it be rational to with all the uncertainty.

[Anonymous No.10425934]

>>10425910
> Looking at your coin's marketcap, low volume, and shit exchanges is all the confirmation I need.
That's a nice logical fallacy there: "The coin is not currently valuable and therefore it will never be valuable". You really B me TFO again. Gottem.

[Anonymous No.10425952]

>>10425563
>>10425777
>>10425802
I can't be fucked trying to squeeze one, everyday, usecase from you.
Free shill tip: no one cares about features of a technology. That's why they say 'sell the sizzle not the stake' because people only care about what value a product provides. People don't care about whether their video is compressed using a losessless codec, if it has i-frames, or b-frames, or what the chroma subsampling is: they care about whether it looks good or not.

The analogy here is people only care about your token if it will increase in value and why, the functionality and technology isn't convincing me it will. This is a /biz/ board.

[Anonymous No.10425953]

>>10425934
No. The technology behind your coin is... LITERAL BULLSHIT. It really isn't a fallacy.. More like a correlation. Dumbass.

[Anonymous No.10425962]

>>10422191
As someone who trades it every now and then, I can tell you that the market is dried up right now and the volume is low af (was higher than usual yesterday, due to the dump), with 80-90% of its volume coming from wash trading on mercatox. It's slowly approaching death and the inventor either doesn't want to realize that or simply doesn't give a shit.
Pic related. Yes, there are active trading bots, but mostly on IDEX. Pretty much all 1000+ 0xBTC transactions on mercatox are immediately taken, appearing in the order book for like half a second. Most likely that's not "trading for profit", just wash trading.

[Anonymous No.10425991]

>>10425919
Linking to articles isnt an argument and shows you have nothing to say. Try again.

>>10425934
Its pretty clear why it matters though... Because you and the other discord pajeets are holding massive bags and desperately need to unload them. Hard to do that when literally no one wants to buy your shitcoin.

[Anonymous No.10426009]

>>10425934

In case it wasn't clear:
>>10425952
>>10425962
>>10425991

BTFO.

[Anonymous No.10426053]

>>10425952
I'm not really sure what you want from me... I've given you reasons why 0xBitcoin is more desirable than Ether as a currency and why the technology behind 0xBitcoin has massive potential for use by developers.

I just don't really get the analogy. I'm telling you that in my opinion a project with this significance and first mover advantage on Ethereum is undervalued at just $2.5 million. I'm explaining to you why I think the token will have greater value than it currently does, and I'm also making the claim that the functionality and technology (which you aren't convinced by) are reasons why I think this value will rise. I believe 0xBitcoin fills a need within Ethereum, and by filling this need it will gain value.

Again, if you don't want to buy some don't. I'm just saying that in my opinion the value will rise, and I laid out the reasons why I think this.

[Anonymous No.10426065]

>>10426053
The code says otherwise.

Sorry not sorry you lost money with this.

[Anonymous No.10426083]

>>10426053
they dont want 0xbtc too shine but we dont need them better without biz fags.....keep holding req sucking devs cock loosers

[Anonymous No.10426100]

>>10426053
>>10426083
I feel like you the type of guys who can get talked into buying Rare Minerals. LOL

I have lost hope in conveying how desparate and delusional you guys look. Now I just make fun of you :D

[Anonymous No.10426109]

>>10425991
> Linking to articles isnt an argument and shows you have nothing to say. Try again.
I was foolish enough to think people on this board would be interested in a short article describing an aspect of the functionality of the token. I've said a lot, scroll up. I've linked articles when people have asked for more info; articles have info in them.

>>10425962
A software developer is naive about trading, fuck me right?

[Anonymous No.10426118]

>>10426109
Hold on I'm going to link you to some articles on flat Earth.

[Anonymous No.10426132]

>>10426065
Okay, I'll bite. What specific aspect of the contract code do you think is ineffective or faulty? You've been talking a ton of shit about the code and about programmer's opinions, so point to a specific line or section that you think renders the token a failure?

Contract is here for your convenience: https://etherscan.io/token/0xb6ed7644c69416d67b522e20bc294a9a9b405b31#readContract

[Anonymous No.10426133]

>>10426109
Oh cool, this is from the same website you used!

https://medium.com/@ncilla/why-pondering-the-flat-earth-theory-isn-t-so-crazy-with-lots-of-juicy-arguments-by-stephen-24c7de12d4f7

[Anonymous No.10426151]

>>10426132
I'm not a programmer, I do not know. However, I have heard from someone that is qualified and the consensus is that 0xBTC is a generic shitcoin.

[Anonymous No.10426159]

>>10426151
> The code says otherwise.
> I'm not a programmer, I do not know. However, I have heard from someone that is qualified and the consensus is that 0xBTC is a generic shitcoin.
ok

[Anonymous No.10426160]

>>10426100
i rather loose my money on 0x too some miners then too some scam defs....in crypto u can get burned anywhere in all projects....so i think loosing money too third world pajeets is more sympathic then on frenchs defs....and it has a lot of potebtial in my eyes....

[Anonymous No.10426201]

>>10426159
>trying to make a point
Oh so I take it you calculate all the calories/macros/ingredients on all the food you eat because you don't trust that someone someone qualified posted them on the package.

Say it with me... Delusional.

[Anonymous No.10426319]

>>10426159
It's all over dude. A youtuber with 5k average views said that the code is bad. How will you ever recover from this?!?

I literally can't believe the double standards on this board when it comes to crypto projects. The average /biz/ user will throw money at and suck the cock of any developer with Google on their resume and 1000+ Twitter followers, just on the hope that their unfinished project does even half of what they claim it will. But a truly decentralized token comes along, the first of its kind on the most used and most valuable smart contract platform around, and they start shitting on the project.

There's no media hype around 0xBitcoin. There's no advertisements, airdrops, giveaways, lotteries, graphic designs, professionally made videos, grand promises or snake oil marketing. It's just a small market cap community made coin that makes a bold assertion about the source of value for crypto assets. Devs aren't rolling in ICO funded cars, offices, and downtown apartments, they're just some random guys with a love of all things Bitcoin, Ethereum, and decentralization. They understand why decentralization is important and are looking for clever and creative ways to apply the benefits of Proof of Work into newer and better applications.

The reason this token isn't hyped to shit is because no investor was hustled into paying for the hype through an ICO. But the tech is solid, and the ideology behind the tech is powerful. There's a reason BTC is king, and will be for decades. If you guys don't think that this idea is worth more than 2 million out of tens of billions in value on Ethereum, then I really don't think you all understand what Satoshi was talking about when he described the future of currency.

[Anonymous No.10426335]

>>10426319
I can guaranpositee you that advertising will not help this shit coin. Or did you not learn from posting this every day on /biz only to see the price reach a new ATL everyday.

Please.

[Anonymous No.10426360]

>>10426319
It sounds more like you guys really need a good circle jerkin. Instead of bullshiting on the Internet you all should host meet ups IRL in somewhere cool and not far away. Maybe Mumbai or New Delhi.

[Anonymous No.10426363]

Unironically though if the shitcoin tier name were ever dropped it wouldnt be so bad.
For example nano is a dog shit coin and was dog shit as raiblocks but the rebrand helped.

[Anonymous No.10426378]

>>10426363
The cockroaches that shill this shit wouldn't change though.

[Anonymous No.10426442]

>>10426363
Hahaha fair, I guess. But again, there's no core dev team to do the rebranding. The fact that a rebranding is even possible on Nano means that Nano is treated partially as a marketing endeavor by a central entity with the power to change its name. Good tech doesn't need big rebranding events to stay relevant. There's a reason why Vechain goes harder on marketing and gimmicks than any other crypto asset in existence, and it's because their project fucking sucks and is a massive scam.

0xBitcoin was decided on, from what I understand, since the contract deployer is a massive Bitcoin enthusaist/nerd and decided that an analogous currency on Ethereum might as well pay homage to Bitcoin through sha-256 mining, nearly identical automatic difficulty adjustment parameters, and the classic 21 million supply cap. The dude's a programmer, not a salesman, it can't be helped.

[Anonymous No.10426481]

>>10426442
Bitcoin on Ethereum.

It's just like putting an apple in an orange. The flavor tastes like ass.

[Anonymous No.10426749]

Eat shit Mr Fahrenheit, you autistic piece of shit, kill yourself.

[Anonymous No.10427076]

i don't get it why people are so offensive towards this coin is it because it's shilled here? just read the whitepaper how stupid can you be not to see the brilliance of this

[Anonymous No.10427712]

>>10427076
i dont get it either its like a anti kult here first they fear us then they hate us then they want too be like us haha

[Judge Doom !WiteRY.r/o No.10428783]

>>10422191
>>10422197
>>10422231
>>10422242
>>10422749
>>10422798
>>10422927
>>10422940
>>10423630
>>10423899
>>10423923
>>10424263
>>10424356
>>10424603
>>10424701
>>10424707
>>10424716
>>10424737
>>10425769
>>10425783
>>10425777
>>10425802
>>10425833
>>10425849
>>10425861
>>10425901
>>10425919
>>10425934
>>10426053
>>10426083
>>10426109
>>10426132
>>10426159
>>10426319
>>10427076
>>10427712

The greatest problem when trying to counter this scamtoken with facts is that this token has hardly any facts that can be contradicted. 0xBTC is a pure hypecoin that is dependent on hype and spam for its very survival and has no fundamentals at all and thus has nothing that anyone can contradict. It is nothing but a piece of stolen code from Bitcoin copied into an ERC20 token creating a minable token.

Pajeets claim that this would make it somehow more fair and better but it is still nothing but just another lie:
>Pajeets claim that some poo has magical powers and will make its owners rich
>Pajeets claim that since everyone was allowed dig poo at the same time then this totally changes the fact that this is a scam.
And of course there is no proof that it actually wasn’t mined for a prolonged period of time using 1000 wallets before pajeets started shilling it.

Creating such a shitcoin is a retarded idea that makes 0xBTC even worse than the original code that the pajeet has stolen. The fact that it is a minable ERC20 token however makes it unique and the pajeet will abuse anything as a selling point even if everything that makes this shitcoin unique makes it also worse. It is only unique in how bad it is.

[Judge Doom !WiteRY.r/o No.10428806]

>>10428783

The proof that this is shitcoin without any future whatsoever is the lack of any proof that it isn’t. The pajeet has to prove that it is not a shitcoin but he claims that this is not his responsibility and claims that you have to prove that something does not exist. Thus he calls all your posts baseless FUD and declares himself the victor of every discussion.

Whenever you point this out or the fact that it has no fundamentals and is of no use to anyone the pajeet will simply try to bully anyone who disagrees out of his thread and distract from that issue, tell you to DYOR knowing that all info out there is shit, pretend that this has been discussed a million times before, ignore all intelligent questions and call them baseless FUD. He will distract by spamming bullshit and tell you how comfy he feels and make false promises that Business will use it, that whales are accumulating, that he bought the dip, that some stupid feature will make it good, that it will hype when it comes to another exchange, that it will come to another exchange and so on.