10k 0xBTC to make it

[Anonymous No.12522618]

Stop trying to improve bitcoin, it’s perfect exactly the way it was designed. But Satoshi designed bitcoin, not miner economics. Now if bitcoin were a currency it would be just fine and id be done writing, but it’s not. The fact that it has turned into an asset and a commodity has really thrown a big curveball in the future of the network security. For all you people who don’t yet understand the magnitude of 0xbtc here is the spark notes version. I know this is far in the future but it’s going to be an issue.

[Anonymous No.12522623]

>>12522618
First there’s bitcoin:
Bitcoin relies on miners to secure the network
If bitcoin were a currency the sheer number of transactions would sustain strong and profitable mining through fees.
BUT....
Bitcoin is an asset, and assets have very low money velocity because people hold expecting some kind of return in the future.
THUS....
The number of transactions would unlikely sustain a strong enough mining economy to properly secure the network.
Unless the fees are high enough to incentivize enough miners to mine for transactions fees. And hopefully it’s enough to thwart off a 51% attack.

[Anonymous No.12522655]

>>12522623

Now on to 0xBTC:

1. Let me guess, the first thing your going to say is “what’s the purpose of 0xBTC miners? They don’t even secure a network”
2. Well my friend that is exactly the point.
3. All you have to understand is that if miners are expected to secure a network then there better be a damn lot of transactions with high fees if you expect enough miners to stick around once the block reward starts to thin out. BUT

4. Bitcoin was designed to be a currency And if it acted like a currency then we wouldn’t be having this talk. But it’s not a currency, it’s an asset/commodity and so is every other mined coin ever invented. whereas 0xBTC is the first cryptocurrency that is truly designed to be an asset and a store of value. WHICH
5. Can only be achieved when it is imbedded into a proof of stake network(ethereum eventually)
6. 0xBTC an survive with out miners, thus the need for insanely high money velocity is not needed either.
7. So once all the 0xBTC are mined it can now reside as a fairly distributed asset within the ethereum ecosystem. Just like gold in the real world.
8. And since miners don’t need to confirm transactions the 0xBTC fees will stay low forever.

[Anonymous No.12522675]

THIS POST BELONGS BEFORE
>>12522655

First there’s bitcoin:

1. Bitcoin relies on miners to secure the network
2. If bitcoin were a currency the sheer number of transactions would sustain strong and profitable mining through fees.
3. BUT....
4. Bitcoin is an asset, and assets have very low money velocity because people hold expecting some kind of return in the future.
5. THUS....
6. The number of transactions would unlikely sustain a strong enough mining economy to properly secure the network.
7. Unless the fees are high enough to incentivize enough miners to mine for transactions fees. And hopefully it’s enough to thwart off a 51% attack.

[Anonymous No.12522692]

>>12522655

So here’s the takeaway.

The need for miners to secure a network will be the downfall of any mined cryptocurrency whose purpose is to be a currency. 0xBTC is the first cryptocommodity whose sole purpose is to be a store of value and an appreciating asset and not a currency. Don’t expect miners to survive on transaction fees if bitcoin stays an asset. And if most miners stop mining it’s just a matter of time before a 51% attack happens.

Don’t even get me started on WBTC. Say that does work and everyone converts their bitcoin to WBTC and bitcoin now lies within the Ethereum ecosystem...what do you think happens when miners leave the bitcoin network due to low transaction fee income since everything happens on ethereum now?

See the thing with WBTC is that even if it wildly succeeds then bitcoin fails which means WBTC fails.

[Anonymous No.12522899]

>>12522618
Will i fucking make it with 20k?

[Anonymous No.12522948]

Bought 10 k today OP.
YOU PROBABLY FUCKING PAJEETED ME YOU FUCKING COCK SUCKER ASS HOLE.
BUT I BOUGHT THEM
LETS SEE WHAT HAPPENS BABY

[Anonymous No.12522960]

>>12522948
time to dump.

[Anonymous No.12522964]

Have 1k, fairly comfy long term hold.

[Anonymous No.12522985]

>>12522960
FUCK BIZ I FUCKING HATE YOU FAGGOTS.
YOU RUINED MY LIFE.

[Anonymous No.12523051]

CURRENTLY MOONING HAHAHAHA. THANK YOU BIZ THANK YOU FOR TELLING ME TO BUY THE DIP AHAHA OP YOU STUPID FUCKING COCK SUCKER THANK YOU FOR THE FREE MONEY LOLOLOL. HAHAHA. OP IS RETARDED HE TOLD ME TO BUY NOW WE UP 20% HAHAHAHA.

[Anonymous No.12523069]

I'm only upset I didn't buy 20k.
Only 10k.
But FUCK THE OP IS DUMB HE GAVE ME FREE MONEY LOLOLOLOLOLOLOLOLOLOLOLOL

[Anonymous No.12523092]

>>12523069
Relax retard, the price doesn't mean anything right now. Price discovery will commence once more people hear about the project

[Anonymous No.12523104]

>>12523092
I may be retarded op hahaha.
But I'm rich FUCK YOU

[Anonymous No.12523184]

OP YOU ARE MY KEKOLD .
YOU HAVE LITERALLY TAUGHT ME HOW TO BECOME RICH

[Anonymous No.12523275]

Reminder if you are not holding until 2022 your a retard.

[Anonymous No.12523318]

>>12522692
>>12522948
Samefag

[Anonymous No.12523387]

>>12522623
>>12522675

Thanks for the dank memes! And the information is incredible.

[Anonymous No.12523458]

One more clue

[Anonymous No.12523489]

Damn I did buy a lot of these but this incessant mass shilling is making me feel uneasy.
Why did all these punks crawl out from all of their basements at the same time.
Could this be a coordinated shilling effort?
Either way I'm drugged up tonight baby 0x Bitcoin
....
Woo Hoo!

[Anonymous No.12523509]

>>12522948
>>12522985
>>12523051
>>12523069
>>12523104
>>12523184
>>12523489
literal nigger

[Anonymous No.12523519]

>>12523509
You are not wrong
Wtf?
Are you spying on me?

[Anonymous No.12523534]

>>12523509
Little blue eyed bitch

[Anonymous No.12523545]

>>12523519
it was 50/50 nigger or drunk white frat kid

[Anonymous No.12523550]

>>12523545
Fuck off
You wouldn't say that in public
You bitch

[Anonymous No.12523557]

>>12523550
no shit, but this isn't public, this is 4channel friendo

[Anonymous No.12524173]

https://etherscan.io/token/0xb6ed7644c69416d67b522e20bc294a9a9b405b31?a=0x0000000000000000000000000000000000000000

[Anonymous No.12524380]

One day each 0xBTC will be worth $1,000 a token

[Anonymous No.12524962]

>>12524380
Fuck man I'm no longer high.
Coming down
Feeling kind of off
Kind of low
Had a bit of liquor there to make myself feel better.
But Honestly anon, good man getting the word out on this coin. Good man

[Anonymous No.12525139]

>>12524962

What did you smoke? I'm a weed man myself

[Anonymous No.12525174]

This is like buying a copied brand and flaunting that you own the original. Now you feel better. Way to go

[Anonymous No.12525391]

>>12525139
A fuck tonne of nicotine equivalent to 120 cigarettes.
The rush baby the rush.

[Anonymous No.12525506]

>>12525391
that can literally kill you dude, wtf

[Anonymous No.12525868]

>>12522618

Stop telling 4chan and let us accumulate in peace. Let them get JUSTed by link so then when the 0x moon comes, they will fomo like usual instead of getting in early.

[Anonymous No.12525890]

>>12522618
Just buy link. Or don't. I don't care if you lose your money.

[Anonymous No.12526152]

[Anonymous No.12526707]

>>12522618
Stop trying to shill 0xBTC on biz Neo, it’s not going to happen. Their hate for us is too large but so be it. Turn to other forums instead.

[Anonymous No.12526964]

>>12526707
NEO kys

[Anonymous No.12528362]

Fuck free world 3-1-3!

[Anonymous No.12528461]

>>12522692
>Don’t expect miners to survive on transaction fees if bitcoin stays an asset
OP, you’re missing a very important point: BTC would still suck as a currency exactly because of high transaction fees. Plus it’s slow as fuck.

Thus, BTC’s only future is as a store of value. But if OxBTC or some other protocol does the Game Theory better then btc has no future.

>And if most miners stop mining it’s just a matter of time before a 51% attack happens.
Yeah, but 51% attacks arent PoW’s weakest attack vector. Market volatility is Bitcoins real acheleas heal.

Anyway, I do agree the game theory behind OxBTC is promising. But until such utility is recognized by institutions, the retarded as fuck crypto market doesn’t give a shit about practical advantages of a product or protocol.

[Anonymous No.12528500]

>>12525890
>thinks link will be a currency
All these dum fucks who insist that there has to be a protocol that does everything yet specialize in nothing (thus is shit at everything it tries to achieve) are truly incapable of seeing that the future environment of crypto will be comprised of a small handful (link included) of specialized protocols, one of which will be a currency, another will be cloud computing, another will be a dark pool, another will be a payment function like pay pal, another will be an auditing protocol, and a currency conversion protocol, and of course a protocol to LINK them all.

That’s the fucking future brooooooooooos

[Anonymous No.12528521]

https://www.wbtc.network

[Anonymous No.12528647]

>>12528521
0xBTC will fuck wBTC so hard in the ass