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13039130 No.13039130 [Reply] [Original]

I dont get it. Can somebody explain it to me in Normie Language? (Im half normie)

>> No.13039138

WARNING BIZ, DO NOT BUY!

OUR AUTOMATIC ALGORITHM IDENTIFIED THIS AS A SCAM!!

>> No.13039195

i don't understand it 100%, but i think the point of lava protocol is to exchange 0xbitcoin in lava token form for ethereum on ethereum network and bypass wrapped ethereum.

>> No.13039212

>>13039195

more importanly it alwasy you to create a new token on chain pegged 1:1 with 0xBTC. By being able to mint an new token permissionless on eth, you can do A WHOLE BUNCH OF COOL SHIT NO OTHER CHAIN CAN DO.

>> No.13039229

>>13039212
Is it always pegged 1:1 ??

If the answer is yes the price should go beyond the moon.

>> No.13039245
File: 105 KB, 511x512, 1549862868548.gif [View same] [iqdb] [saucenao] [google]
13039245

>>13039212
so, this is ethereum in ethereum?

>> No.13039441

>>13039229
Yes it is, basically you take 0xbtc and with this atomic swap you can exchange it for another token to basically load any functionality you could imagine onto the original 0xbtc token.

>> No.13039485
File: 76 KB, 1024x847, 1551226089575.jpg [View same] [iqdb] [saucenao] [google]
13039485

>>13039441
Why not just make a new dapp for these functionalities instead of loading them onto wrapped token of wrapped tokens?

>> No.13039505
File: 227 KB, 1252x828, Screen Shot 2019-03-16 at 3.52.21 PM.png [View same] [iqdb] [saucenao] [google]
13039505

>>13039485

You can make a dapp inside your wrapped tokens that are wrapped in 0xBTC, that is what is cool here.

Also, the Distribution is a low cap gem hunters literl wet dream.

>> No.13039519
File: 66 KB, 384x512, 0xASHsticker.png [View same] [iqdb] [saucenao] [google]
13039519

>>13039130
https://medium.com/@admazzola/how-to-transfer-0xbtc-with-no-eth-f88a95598c3c

>> No.13039520
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13039520

>>13039505
Sounds like a massive waste of gas, and I'm all in for that reason.

>> No.13039558
File: 118 KB, 640x423, gas_spill.jpg [View same] [iqdb] [saucenao] [google]
13039558

>>13039519
You pay your conversion from 0xbtc to lava by using contracts that use ethereum that are swapped by dex which use ethereum as well. It "appears" that you're not using ethereum, but you are actually getting "double taxed" by using all of these contracts to get this to work.