Community Update #1

[Anonymous No.9935609]

This is the first of an intended series of recurring community updates. Our goal is to issue these biweekly, for now, and possibly more or less frequently as news may dictate.

The past month has been one of blistering growth for 0xBitcoin (0xBTC) and there are many exciting things in the pipeline! We have seen a dramatic increase in awareness and adoption and our community is growing rapidly. As many of you know, 0xBTC is the first proof of work currency on the ethereum network. There was no ICO, no pre-mine and everyone who owns this coin either earned it through mining or purchased it from another community member. The group drafting this letter has no extra control or power over the token—we are just active community members who want to see 0xBTC succeed.

Overview of Our Recent Growth. The table below provides an overview of several growth statistics regarding 0xBTC.

0xBTC GROWTH STATISTICS
May 15th to June 15th
Unique Wallet Addresses - 3,099 to 4,120 (+38%)
Reddit Subscribers - +/- 600 to 913 (+52%)
Discord Subscribers -1,373 to 2,475 (+80%)
Hashrate 1.14 TH/s to 4.02 Th/s (+252%)

CoinMarketCap. We were recently listed on CoinMarketCap, adding additional exposure. It took a few weeks to get the market cap and circulating supply updated given that this is the first mineable ERC 20 token. It is still unclear if the circulating supply they have on record is dynamic and changes with new supply numbers or if they put in a static placeholder. Thanks to the efforts of some community members we were able to get that mostly sorted out and now have a full listing.

[Anonymous No.9935621]

Additional Exchanges. Exchanges are starting to take notice of 0xBTC as reflected by new listings on Mercatox, IDex, and PayFair. Community members have submitted applications for many other exchanges, with the Discord channel being a good place to keep up to date on developments. Many members have pointed out likely “wash trading” on the Hotbit exchange, leading to its removal from our price and volume bot on the Discord. A community member also informed Coinmarketcap and LiveCoinWatch about our suspicions. LiveCoinWatch has removed Hotbit as per their request. We will continue to monitor for unusually high volume and, as a community, hopefully condemn such practices and distance ourselves from unscrupulous organizations.

Lava Wallet. 0xBTC’s developer, Infernal_Toast, recently completed and released the early stages of the Lava Wallet. The Lava Wallet allows the easy transfer of an ERC20 token between users. Using off-chain digital signatures and a network of relayers, users can send any ERC20 token without worrying about holding Ether for gas. Our hope is that 0xBTC will find more application use and personal use as a currency if it is easy to transfer as a standalone token.

What is Next for 0xBTC? Lots of things in the Works!

Formal Security Audit of Smart Contract. While the 0xBTC code has been subject to a strict peer review, one initiative is to have a formal 3rd party audit review of the contract code. We believe this might be an important step towards mass adoption and growth, since a currency is unfeasible for use if there remains even a shred of doubt about its functionality. We are looking for low-cost solutions to this, as our community fund pool is limited at this time. The Discord is the best place for community members to give suggestions and work together on securing a fair price for a service from a reputable firm.

[Anonymous No.9935633]

>>9935621
Legal Determination that 0xBTC is not a Security. The SEC is giving us more and more guidance each day as to what types of cryptocurrencies may or may not constitute a security. Based on available guidance, many of us believe if analyzed by legal counsel, 0xBTC would not be considered a security [*this is not a legal opinion]. This is important for adoption, since securities are more highly regulated than commodities. There is a community initiative to seek a memorandum / written opinion letter from a United States securities lawyer stating that 0xBTC is not a security. Many of the larger exchanges require this kind of legal analysis—including Binance. This is one reason we were not part of the most recent “Binance Community Coin 7 Vote.”

Marketing Campaign—We would like to raise funds to engage in a marketing campaign to spread awareness of 0xBTC. The full details of this have not yet been determined, but we hope that community involvement will lead us to a good decision on where our community funding should go.

Games and Competitions. Some users are looking at setting up various DAPPS/games/competitions all involving 0xBTC. Some of these might involve gambling, such as sports betting platforms. Please keep in mind that some projects built by community members will not have undergone audits for security. Also, while the vast majority of community made projects are for the benefit and/or recreation of the community, please be wary of scams targeting our community. As 0xBTC increases in adoption and reach, our community will increasingly become a target for such activities. Have fun and play responsibly.

[Anonymous No.9935641]

>>9935609
>>9935621
>>9935633
Unironically this

[Anonymous No.9935651]

>>9935633
0xBTC Foundation. We are looking into forming a 501(c)(6) non-profit entity (the “Foundation”) which will serve to promote 0xBTC through spreading awareness and advancing the short and long term initiatives. There will be an initial, provisional board of directors (or equivalent structure) established to set up the foundation and start working on the goals. Once established, anyone can seek to join the board and we plan to figure out an election method. Note that the initial board members don’t get paid or have any power in excess of any one token holder. The 0xBTC foundation will seek donations to fund some of the initiatives above. We are looking into creating a smart contract of some kind so that if anyone were to donate, they can be certain their funds go to the intended uses. As of now there is a small reserve fund of 19,125.16 0xBTC to be used for community efforts. Let’s make it grow!

Remember—Imitation is the sincerest form of Flattery

Given the success of 0xBTC, we have seen the rise of 0xBCH, 0xLTC, 0xDoge and other “0x coins”. The fact that groups are “copying” and imitating 0xBTC is truly flattering and we want to thank all the other 0xBTC coins for their vote of confidence. We wish them all the best. With developments in merge miningthere is even the possibility of having other mineable tokens tie their mining to the mining of 0xBTC, furthering increasing adoption of the token and beginning to define 0xBTC as the standard for store of value on the Ethereum network.

Conclusion.
It is so amazing to be involved in the infancy of this cool project and extremely novel idea. Can’t wait to see what is next! I am sure our community will have new surprises soon.

Contributors to this Document
This document was drafted by several involved community members and in no way do any of the individuals below have any authority, control or governance with regards to 0xBTC. This is a 100\% community driven effort.

[Anonymous No.9935652]

[Anonymous No.9935663]

SOURCE: https://www.reddit.com/r/0xbitcoin/comments/8s0mdq/0xbtc_community_update/

[Anonymous No.9935684]

>>9935652

[Anonymous No.9935705]

>>9935609
Comfy as fuck.

[Anonymous No.9936089]

>>9935609

[Anonymous No.9936117]

>>9935609
WHEN ARE WE GETTING COUNTRY FLAGS

[Anonymous No.9936144]

2k 0xBTC and still accumulating.

[Anonymous No.9936198]

im all in

[Anonymous No.9936436]

This shit is dead in the water, eBitcoin has the first mover advantage.

[Anonymous No.9936530]

>>9936089
This shit gets me every time. Its insane

[Anonymous No.9936720]

Is this how you faggots are coping with the daily slide in price of your shitcoin? The market in general is moving up and your shitcoin is still moving down. What gives? Laughing at you and sage your threads gives me great pleasure.

[Anonymous No.9936825]

>>9936436

[Anonymous No.9936927]

>>9936720
stop being a lil bitch

[Anonymous No.9936987]

>>9935652
Yea, that guy has severe depression, anxiety, and mental problems. He's the joke of the discord and no matter how many times we tell him to chill out he keeps trying to day trade and lose money...

[Anonymous No.9937019]

>>9936825
if the token with first mover advantage is doing so poorly, how do you think this pajeet clone will fare?

[Anonymous No.9937046]

>>9937019
Wasn’t that dumb shit airdropped?

[Anonymous No.9937067]

>>9936825
My. Fucking. Sides.

[Anonymous No.9937093]

>>9937046
Yes it was airdropped in an attempt to artificially pump price. Devs created some eBTC solely for their own use to fund the airdrop (and maybe hookers who knows). Either way 0xBTC is the first mover on pure mined tokens.

I know you all know, but only a pure mined token has any claim to currency or store of value status.

[Anonymous No.9937105]

>>9936987
Yeah he lost 30ETH in a week kek

[Anonymous No.9937225]

For those of you at fud and chant scam, check out the discord. Literally the best community in crypto. Lots of folks working hard to implement new and innovative ideas... I understand if some don’t want to invest but to call it a scam is uninformed BS.

[Anonymous No.9937263]

0xBitcoin has been my comfiest hold for the past 2 months. I fucking love this coin. Fuck the fudders that are missing out.

[Anonymous No.9937323]

Reminder that 0xbtc has no use-case, no utility, no purpose, and is not accepted by any merchants as payment. Miners have been mining this coin for a couple months are shilling so they can try to pump the price and unload their bags on you AGAIN. Look at the chart, it just happened recently.

0xbtc is a confirmed pajeet scam coin and I pity anyone stupid enough to think they can ride the wave up, because the carpet will be yanked out from beneath your feet unexpectedly.

[Anonymous No.9937332]

>>9937019
>>9937046
>>9937067
>>9937093
Buy eBTC Sirs!! Very good coin

[Judge Doom !WiteRY.r/o No.9937337]

>>9935609
>>9935621
>>9935633
>>9935641
>>9935651
>>9935663
>>9935684
>>9935705
>>9936089
>>9936144
>>9936198
>>9936530
>>9937225
>>9937263

>this new Litebitcoin Cash Diamant Gold 0x Private will be the future

[Anonymous No.9937365]

>>9937323

[Anonymous No.9937374]

>>9937323
Reminder that in 2013 Bitcoin had no use-case, no utility, no purpose, and was not accepted by any merchants as payment. Miners had been mining this coin for a couple years are shilling so they can try to pump the price and unload their bags on you AGAIN. Look at the chart, it just happened recently.

2013 Bitcoin is a confirmed pajeet scam coin and I pity anyone stupid enough to think they can ride the wave up, because the carpet will be yanked out from beneath your feet unexpectedly.

[Anonymous No.9937406]

>>9937374
Kek

[Anonymous No.9937429]

>>9937263
Missing out on the biggest dump in shitcoin history ? Im sure they are very sad, its hilarious since your shitcoin never even had a moon phase yet you paid discord shills pretend like it had.
So many indians in this thread ...

[Judge Doom !WiteRY.r/o No.9937431]

>>9937323

This

[Anonymous No.9937435]

>>9937332
No one is encouraging you to buy eBTC, it's complete shit and this copycat is even worse. Bitcoin is Bitcoin and Ethereum is Ethereum, this whole "Bitcoin on Ethereum" is just a desperate ploy by those who missed the rocket.

[Anonymous No.9937473]

>>9937431
>judge doom judge doom XDDDDDDDDDDDDDDD my name is JUDGE DOOM XDDDDDDDDDD

[Anonymous No.9937493]

>>9935609
Literally the comfiest hold ever.
You should right that there is a community research paper being created as well.

[Anonymous No.9937829]

>>9937431
lol judge doom what a queer

[Anonymous No.9938013]

>>9936436
This

[Anonymous No.9938070]

>>9937435
Normies might eat it up in september

[Anonymous No.9938091]

>>9937435
>>9937473
>>9937493
>>9937829

guess what pajeet. curry niggers and ching chongs like you will forever remain nameless and forgotten. you are interchangable since there are so many others just like you and none of you will ever be special. nobody bothers learning your name and your real name is and will forever be pajeet.

keep always in mind that this the high point of your career. you will never come any closer to white civilisation than this. dont forget to worship pic related.

[Anonymous No.9938122]

>>9938091
I don't know about you, but I'm not deluded enough to believe I'm leaving behind some kind of a legacy by posting on 4chan. I'm just warning the newbies on here of shills like you, who are, by the way, completely interchangeable with each other.
P.S nice reddit spacing

[Anonymous No.9938181]

>>9936436
>eBitcoin has the first mover advantage

[Anonymous No.9938185]

>>9938091
hey guess what this photo means.....
I'll give you hint it's you.

[Anonymous No.9938235]

>>9938181
>eBitcoin was created last fall
>0xBitcoin was created this spring
>how does calendar work?
how do I short PM35gN2t?

[Judge Doom !WiteRY.r/o No.9938357]

>>9938122
>>9938185

yeah. I bet you are the king of your slum with your gold chain that you can show of while squating in the streets. because only your black haired homies matter. right.

Your shitcoin is a scamtoken with zero fundamentals and no hope that it will have any in the future. do you nigger expect me or anyone to take your cryptofraud serious after all this fake conversations in every thread. no one here thinks that this low quality piece of ching chong coding will ever be worth anything.

[Anonymous No.9938482]

>>9937374
In 2013, you could buy drugs, firearms, botnets, grey services with btc. Just cause you couldn't get a shoeshine with it didn't mean it had no use.

[Judge Doom !WiteRY.r/o No.9938514]

>>9937374

this guy gets it >>9938482

[Anonymous No.9938710]

>>9938235
>believe eBitcoin is better than the first mineable fair distributed Ethereum Token (0xBTC), bc it has the first mover advantage
kek

[Anonymous No.9938712]

>>9938357
Worth a dolla fitty bitch, going str8 to the bank nigga.

[Anonymous No.9938718]

>>9938514
>judge doom

[Anonymous No.9938749]

>>9938710
>he thinks some "mining" minigame that doesn't even secure the network magically gives his shittoken value

[Anonymous No.9938798]

>>9938749
It does, because it still costs fucking money

[Anonymous No.9938827]

>>9938798
so it's valuable just because it costs money to acquire? I could fly to India and scoop shit off the streets of Mumbai, which would have a pretty large cost for me due to the plane ticket (of course, living within walking distance, you can save some expenses here), but it doesn't give the shit any value.

[Anonymous No.9938847]

>>9938827
It means miners wont sell at a loss you fuck nugget

[Anonymous No.9938876]

>>9936144

Holy mother of kek, what a complete loser. I mined over 8,000 of these in less than 24 hours for the cost of about $8 in electricity and $100 in gwei. You are getting royally fucked. People who mined it early bought it for literal pennies. As much as the shills brag about distribution, etc - there are DOZENS of people who can clear the entire order book at any moment, and since I do my research, unlike you fucking morons, several of those people have the money stored on exchange at this very moment. Don't say I didn't try to save you. Get out while there are still some orders left.

[Anonymous No.9938890]

>>9938847
so just because miners will not sell for less than a certain price means that people will just HAVE to buy it for more than that price? If I made a coin that started off with an insanely high mining difficulty, would people buy it for cosmic prices because otherwise the miners couldn't break even? Or would they rather pass up on that shitcoin and buy something else that does the same job and costs less?

[Anonymous No.9938905]

>>9938890
>so just because miners will not sell for less than a certain price means that people will just HAVE to buy it for more than that price?
That's generally how it works, yeah.

[Anonymous No.9938940]

>>9938905
>Or would they rather pass up on that shitcoin and buy something else that does the same job and costs less?
also, there are tons of early miners that got this shit basically for free, and if they see that the price is tanking, the WILL dump on you

[Anonymous No.9939035]

>>9938940
>they WILL dump on you
Like before? kek. The top wallets didn't move on either of these previous pumps and you can verify that yourself

[Anonymous No.9939089]

>>9939035
you should understand that that's a bad thing, not a good thing. It means there are still many more early miners left to dump on you, it would have been better in the long run if they had already dumped. If this thing can drop 70% without the whales even selling, then you should be very cautious.

[Anonymous No.9939229]

>>9939089
Its much better than any other token for 'whales' see>>9936089

[Anonymous No.9939273]

Please buy my stupid tic tac bags :(

I was scammed and now I want to pass it onto the next biztard

[Anonymous No.9939282]

>>9939229
The graph in >>9936089 is calculated using a circulating supply of 21 million, which is wrong. The actual circulating supply is roughly 2.8 million, so you have to multiply the numbers by 7.5. The top wallet has about 6% of the current supply.

[Anonymous No.9939331]

>>9939282
>The graph in >>9936089 is calculated using a circulating supply of 21 million
WRONG, all the graphs show total supply

[Anonymous No.9939358]

>>9939331
And the total supply for all the other ERC20 tokens already exists. The vast majority of the total supply of 0xBTC, however, doesn't exist yet. So it's misleading to showcase the "even distribution" off of coins that haven't even been created yet. There are no "other accounts" holding them.

[Anonymous No.9939435]

>>9939358
yet. Also look at the tokens with massive % of the supply reserved for the devs. You will never get that in 0xBTC

[Anonymous No.9939469]

Comfyyyyyy

[Anonymous No.9939617]

>>9936987
But that's not his screen name. Did they use photoshop to change it?

[Anonymous No.9939773]

>>9939617
He changes between brbacquiring and brbselling (perhaps one more alias). He's an example of the most retarded of us all, literally has the patience of a fruit fly as if he can double his money in 3 days. He's lucky I'm not a mod I would have banned him by now...

[Anonymous No.9939782]

All hail the new chainlink

[Anonymous No.9940578]

>>9935609