0xbtc - an intelligent discussion - no shill/no FUD

[Anonymous No.9719654]

NO SHILL NO FUD DISCUSSION

There is a ton of FUD regarding this coin and while some comments make sense, most of it is silly FUD. Thought we could try to have an intelligent discussion on this.

it is an ethereum smart contract set up to mimic the rules of bitcoin. I dont think anyone can argue that it is not at least a cool and novel idea.

- There is no pre-mine so there are no huge holders that can dump on us. Yes some folks started mining early but good for them. If they want to sell and make a profit great.

- The overall consensus from most miners and larger holders is that they want to hold this coin for a while. There is almost ZERO sell pressure. The sell side order books are tiny. A lot of people think its a cool idea and are buying it. Myself in included.

- The coin is in its infancy with very few circulating supply. It is not a scam. It is completely open source. there is no "person" that could even scam if they wanted. The coin has its own life governed by the rules of the smart contract.

- I think the question here is value. Obviously if it were to become a store of value or used as a currency within the eth network it would be absolutely huge. I would say this is possible but probably a long shot.

- From my perspective, this is a neat / novel idea and an organically growing community.

- ETH clearly supports 0xbtc since they literally created a new token classification type just for this coin.

- It is a long shot but if it hits it will be HUGE. Does not matter if you buy at $2.00 or $3.00. If it becomes a store of value on ETH it willbe huge.

- dont go all in but I love the idea of throwing a few eth towards a cool concept at its infancy with potential 1000x ..

- instead of getting into the next /biz/ shilled pump and dump, just think about this cool idea. I would rather own this than VERGE other shitcoin

Lets just stop with the scam fud... would love to hear intelligent thoughts from biz...

[Anonymous No.9719699]

>intelligent discussion

Wrong board

[Anonymous No.9719761]

>>9719699
I mean, still pretty intelligent for 4chan pajeets.

[Anonymous No.9719774]

This is a lot better than other coins biz has shilled yet it’s getting a lot of hate because it dipped. In a few weeks this price will be considered low

[Anonymous No.9719785]

>>9719654
>this paragraph spacing
I know it's you Fahrenheit.
(sell me your bags please, I sold at the bottom of the correction)

[Anonymous No.9719846]

>>9719785
Please, I have a different writing style.
I didn't use an hyphens in my previous thread and it has too many grammatical errors by comparison

[Anonymous No.9719862]

>>9719846
SELL ME YOUR BAGS YOU ADHD PIECE OF SHIT, I WANT TO GET BACK IN

[Anonymous No.9719864]

I’m excited about this coin. I believe it has some serious potential as holding a store of value. I also believe just like bitcoin, it’s going to have its up and down, nay sayers and dividers. But the fact that it has gained soooo much attention, both positive and negative is quite telling. At the end of the day it’s been moving upward and in an organic fashion. There have been a couple small corrections after a couple of it’s bigger days. No obvious PnD.. atleast at this stage. The market cap is still under 5mil.. so it’s still prone to coordinated pump groups.
Like you said OP, the sell books are so thin.. doesn’t take much to really set this off.
Because we’ve been through btc start and growth, I don’t believe that we will experience anything like that again.. if 0x takes off it will be much quicker.
All in all, for the circulating supply and current market cap, it’s still a no brained to buy a few hundred. After it shot up from 0.60c to about .90-1.05 I bought a bag.. a nice sized bag too. I was afraid to load up too early Incase I wouldn’t be able to sell my bag. I feel very comfortable holding what I have right now.
I’m all for it. First of its kind on ether network. Let’s blow this thing up.

[Anonymous No.9719902]

>>9719862
>make me

[Anonymous No.9719940]

i see it as a risk reward play. The reward is potentially HUGE and the risk is low given that there are now huge ICO bag holders to dump on us. Crazy how no one really wants to sell. Myself included. I have literally been trying to accumulate for a week and still dont have the stack i want.

[Anonymous No.9719975]

>>9719654

[Anonymous No.9720003]

Why are biztards vehemently defending coins like link. I’m not saying they aren’t good buy if the price doesn’t move for 6 months, you should probably trade elsewhere and put the gains in link. Biztards cannot get any dumber. Last warning, get in before 0xbtc goes mainstream

[Anonymous No.9720008]

>>9719975
We need to get varg to shill this coin on his youtube channel.

[Anonymous No.9720015]

>>9720003
>defending coins like link
paid shills

[Anonymous No.9720020]

>>9719846
>>9719902
Yo Fahr, how much you got?

[Anonymous No.9720091]

>intelligent discussion
>biz
pick one.

[Anonymous No.9720094]

>>9719654
its a shit token

you can't mine tokens
Mining's purpose is to mine blocks which secure the network
"Mining" 0xbtc does not do this

[Anonymous No.9720105]

>>9719654
>no shill/no FUD
why the fuck did you make this thread then retard

[N/A No.9720115]

We're gonna flip BTC

[Anonymous No.9720152]

>70% of hashrate are in one pool

You're a moron if you buy into this scam.

[Anonymous No.9720168]

>>9720152
Why is this a bad thing?

[Anonymous No.9720174]

>store of value in the eth network
Are you retarded?

[Anonymous No.9720183]

>>9720168

[Anonymous No.9720330]

Crypto isn't a store of value. What idiot even thinks that's a real thing. Tether is maybe a store of value, until that too fails.

[Anonymous No.9720351]

>>9720330
>Crypto isn't a store of value.
It literally is.

[Anonymous No.9720368]

I mean holy shit, a store of value d00d? I never heard all this store of value, HODL, FUD, and other scam artist words meant to make autists and boomers feel smart when I first learned trading forex and that is riddled with scams but nothing this bad.

[Anonymous No.9720395]

A fucking colander is a better store of water than crypto is a "store of value", put that shit on a fucking blockchain.

[Anonymous No.9720434]

>>9720152
>>9720183
doesn't mean jack shit. it's not vunreable to 51 percent attacks you nigger kike brainlets

[Anonymous No.9720509]

>>9720351
Store of value that is pumped by legal tender or fiat that is backed by nothing. Crypto is just another way for the banks to get out of the current system when it ultimately crumbles to the ground. The mark of the beast is exactly what bitcoin and crypto is. A ledger that keeps track every transaction and stops double spending. Smartcontracts will be about people signing a contract and if they don't live up to it like working your 40 hours for that week at your 9-5. You don't get paid if you don't fulfill the demands of the contract.

So this whole thing can start and continue to prosper and maybe it isn't evil in the end. But don't think for a minute that ((they)) don't already have the crypto space under their control.

[Anonymous No.9720591]

>>9720351
wrong. "store of value" implies to maintain value. How the fuck can you call something a store of value when its price (value) is determined only by what someone is willing to pay for it?

[Anonymous No.9720597]

You guys know about the lava network they have in development. From what I understand it will be proof of stake with verifiers. It will enable the verifiers to do the ethereum network tx, enabling oxbtc holders to not handle eth.

[Anonymous No.9720629]

Can u Eli5

[Anonymous No.9721542]

>>9719654
>intelligent thoughts from biz

[Anonymous No.9721582]

>>9719654
>>9719654
>t. didn't sell at $1.50

[Anonymous No.9721594]

the th has doubled in the last week, it's a good project hope I got in early enough

[Anonymous No.9721614]

>>9719654
Can i mine this shit instead of buying it?

[Anonymous No.9721661]

My main interest in this is its potential to fuck with Bcash.

[Anonymous No.9721671]

>>9721582
yeah he probably sold at $2.80 and bought back in

[Anonymous No.9721953]

>>9721614
yes this pool has good download links, you might need a smaller pool depending on your hash rate
http://mike.rs:3000/

[Anonymous No.9722683]

>>9721614
>>9721953
http://wolfpool.io/

[Anonymous No.9723084]

>>9721614
>>9721953
>>9722683
0xpool.io

[Anonymous No.9723127]

>>9720115
THIS

[Anonymous No.9723583]

http://forum.0xbtc.io/t/overview-for-the-lava-network/39

The Lava Network’s purpose is to allow everyday users of 0xBitcoin (or other ERC20s) to spend and transfer 0xBitcoin without having to carry any ETH or even worry about the Ethereum Mainnet at all. This is done by using offchain ‘checks’ called ‘Lava Packets’.

These Lava Packets are composed of eight integers, which all fit into a Solidity method as input parameters. When this Solidity method is called, it is like someone is depositing a signed check in the bank: A monetary transfer of 0xBTC is done between account A (always the signer/spender) and account B. The relayer (Account C) who turned in the ‘check’ to the Ethereum Mainnet had to pay some Gwei to do this, and so also in the check is a small reward of 0xBTC tokens for the relayer. This is what incentivises the relayers to submit the signed Lava Packets to the smart contract.

[Anonymous No.9723739]

>>9723583
That’s real cool. Invested and following. Thanks anon for info