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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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9734744 No.9734744 [Reply] [Original]

legit curious. how important is this token?

I literally didn't think anything of it other than another shill campaign till someone started DDOSing it today. Of all the shitcoins I've ever read about in this shithole, no one has given THIS much of a shit about one. So, for real, is this token actually going to be something big in time?

>> No.9734773

>>9734744
Lambo confirmed sir, congratulations!

>> No.9734778

best coin for buying now 2018 moon

>> No.9734786

>>9734744
It’s an ERC20 token, it’s only feature is its “fair distribution” method via mining. The mining only wastes electricity as it’s not securing the network.

The only thing I’d say this coin has going for it is it’s paralell to BTC, and it’s ability to run smart contracts and be on the ETH chain.

>> No.9734805

Procrastination is a disease.

>> No.9734923

There are now three superior stores of value / mediums of exchange:

Bitcoin
Monero
0xBitcoin


It certainly looks like a shit coin, I'll give you that. But if you understand the economics why Bitcoin is what it is and and what its going to become, then its not that difficult to see why Bitcoin on Ethereum will be valuable.

>> No.9734942

>>9734744
The DDOS attacks says a lot about how people feel about its potential, tbqh.

Grab a small bag and wait and see.

Might end up being extremely worthwhile.

>> No.9735041

>>9734923
You forgot Masari

>> No.9735056
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9735056

>>9734786
>wastes electricity

>> No.9735074

>>9734744
Current establishment
Such as Bitcoin Cash fears it may be replaced.

>> No.9735145

>>9734942
i was able to grab an order of 400 for 0.7$, when it was trading for 2.5$

kek


kek

>> No.9735165

>>9734744
it’s unironically brilliant. fractal bitcoin.

>> No.9735182

>>9735145
Well done. Enclaves?

>> No.9735358

>>9734942
Are these attacks a sign of fear? Maybe initiated from BCH supporters?

>> No.9735406

>>9734744

No, it's fucking useless. Seriously, I got on mining this day 1 (never turn down free money). Dumped my bags and went back to mining real shitcoins, as I assumed nobody was retarded enough to actually fall for this. I was wrong obviously.

Holy fuck, the whole purpose of "mining" isn't just to control coin issuance, it's to secure a ledger. That's just fundamental. But Ethereum is already secured as are any ERC20 tokens - mining 0x is just wasting electricity. You could literally just simulate mining by getting people to buy into a smart contract, and randomly select a "miner" to give free coins to with a sliding difficulty. There's just no reason for this at all.

So yeah, it's just another ponzi. I keep forgetting how much you fucks love them though, I overestimate your intelligence every time.

>> No.9735419

There was no DDOS. That dude is joking around. The pools are down for maintenance lmao

>> No.9735435

>>9734942

What "potential"?!? Holy crap, you fucking morons are taking this seriously aren't you? The DDOS is doing you a favor, just exit now, this thing was just a p&d. It has no utility, even less than Btc/Bch.

>> No.9735462
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9735462

>>9735435
>no utility

>> No.9735469
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9735469

>>9735406
>Dumped my bags

oh you was the idiot who sell so low to me? Thank you ^^

>> No.9735483

>>9735419
There was a real DDOS hours ago, the guy in that thread is larping though

>> No.9735514

>>9735406

Fair distribution by PoW is just as important as securing the ledger. The fact that Ethereum secures the 0xBTC ledger is a good thing - Ethereum is one of the most secure networks. Also you need to expend energy to create value, random distribution by lottery wouldn't produce a valuable commodity.

>> No.9735565

>>9734744
It's garbage.
It was a neat study of PoW on the Ether network, but that's all it was meant to be, and that's all it is.

>> No.9735595

>>9735565
It's the replacement for bitcoin.

>> No.9735762

>>9735595
more like its the replacement for LINK, now that newfags are wise to it lmao.

>> No.9735819
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9735819

>>9735762

>> No.9735877

I turned 1btc into 3 over the last 5 days. so yes it has utility. each to their own

>> No.9736869

>>9734744
This token is the future of Ethereum

>> No.9737156
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9737156

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.

>> No.9737442

>>9735877
how

>> No.9737475

>>9737442
Buy low sell high. How new are you?

>> No.9737593

whats the marketcap for this shit

>> No.9737615

>>9737475
I presume he's aware of that and means, "what general trading pairs did you pursue to accomplish this goal?"

>> No.9737677

So once it's shows up on CMC under recently added we finnuh make it. R-right guise??

>> No.9737693

>>9737615
Oh... trade in BTC pairs. Always. Wider spread in that case.

>> No.9737703

>>9737677
Not really. Chances are it’s going to dump a bit, but what the fuck do I know hey...

>> No.9737756

>>9737593

amount mined: ~ 2.68 million
current price: ~ $2.05
market cap: ~ 5.4 million

>> No.9737777

>>9737756
nice, well Im already in SNTR waiting for it to pump, there'll be some other flavour of the week in a week or two

>> No.9737870

47 xbtc reporting in!

it will be alot when it reaches 1000USD in 2019

>> No.9737904
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9737904

>>9734744
It might take 8 Years but the Flippening will happen and it will be to late to buy in when it does.