0xBitcoin team livestream now

Shhhhhhhhhh, no interviews, please stay under the radar.

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stay poor

Did the pajeets hire these whitebois to shill this project? Food for thought

lol cope harder biz

0 purpose just like Bitcoin. Its a pure currency how hard is that to understand? PoS is a consensus mechanism not a method of distribution. PoW is necessary: have to expend energy to create value.

Hmm I don't give a fuck about this interview because I don't give a fuck about this coin. I did my research on 0xBTC. All I can say I've made a lot of fucking money off crypto and I can tell you I made it by avoiding pipe dream projects like this. Can't wait to hear about the "technology" or how I should "stay poor" even though my net worth is more than this entire projects market cap.

$89 if adopted (225 mil MC)
4400 wallets

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Holy molly those titties

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Literally the disillusion of a pipe dream is outlined right here. haha.

>spelling your name Ghorge
yikes

why is it a pipe dream? do elaborate.

is this the most shilled scam on biz?

Oh, God no, thats LINK by several trillion miles.

Then Holo, then Conventment...this is probably fourth.

Patrician taste in mammaries sir.

ask them why they are shilling a scam coin that is beibg raped by fpga miners

Try to be a less obvious
>Conventment shill

it begins.

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just listing what I see shilled here and literally nowhere else with some regularity.

Lol newest favourite nonsense FUD. What does that even mean? FPGAs exist oh no! Mining oscillates around an equilibrium and miners are not evil.
You dont even know what a scam is, its literally impossible for this to be a scam.
Nice LARP. If this is a pipedream so is Bitcoin.

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InfernalToast(admin) wants to stay anonymous, confirmed pajeet just as his profile pic suggests.

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Satoshi was a Pajeet too for staying anonymous.

Remember that Jow Forums fudd bitcoin when it first came out in 2010>

This is bitcoin on ethereum

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>Infernal_toast
>pajeet
choose one

youtube.com/watch?v=XmMR3DQWdKg

based and redpilled

>it's bitcoin on ethereum.

Could you ELI5 why this is important?

No because 5 year olds don't even understand money.

In the chance that you're a functioning adult:

Bitcoin is the perfect store of value and medium of exchange. However its not really "programmable" and cant interact with Ethereum smart contracts. Ethereum is gas for the network, its monetary policy makes it a poor store of value and currency. 0xBitcoin is the first pure currency in the Ethereum ecosystem. Its a better store of value and is programmable digital gold. There are only 3 pure currencies: Bitcoin, Monero, and 0xBitcoin.

If you can't explain something to a 5 year old, you've got no hope in mass adoption.

Anyways..
1. False. Bitcoin is not a perfect store of value, and certainly not a medium exhange. Bitcoin requires technology that could be rendered useless in the event of electronic warfare.

2. So this token does not require gas? I can send this to MetaMask and will not require Ethereum?

3. You completely lost me here. You make the statement that 0xBTC is a "pure currency" yet you provide no justification aside from stating that Ethereum is a poor store of value/currency.

4. Then you go off way in the deep end with your closing remark. I actually lol'ed seeing that. I don't want to be mean but you need justification if you're going to say that.

> If you can't explain something to a 5 year old, you've got no hope in mass adoption.

This.

they're white...wtf i thought it was a team of pajeets

Sure, you have a token backed by PoW. The same method that gave Bitcoin value gives this value. Like anything else value is perceived.

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You belong on reddit

But PoW is used for consensus. You pay miners to confirm the transaction.

Correct me if I'm wrong, but with 0xBTC you are distributing coins to miners (not for consensus) but still must pay Gas for transactions? Economically speaking, wouldn't this mean that this token is solely a means for miners to dump their coins. Where does the value come into play if the cost of consensus is not derived from the electricity cost mining (PoW), but instead by gas?

I can draw an infograph if this doesn't make sense. It seems that the mining is only a means of distribution, though, right? It plays no role in consensus?

If this is the case the value would not be backed by PoS, but, in fact, hindered by it.

>So this token does not require gas? I can send this to MetaMask and will not require Ethereum?

Not yet but the Lava Wallet will allow for this. You'd pay for gas fee in 0xBTC and a relayers will broadcast your transaction, allow you to not worry about Ether. The way relayers are selected is through 0xBTC mining, by the way, so the FUD that 0xBTC mining is useless can go ahead and die.

>You completely lost me here. You make the statement that 0xBTC is a "pure currency" yet you provide no justification aside from stating that Ethereum is a poor store of value/currency.

Pure currency just means that all distribution is entirely algorithmic and transparent. This means that there's no premine, no ICO, no airdrop, etc.. Ether (not Ethereum but the Ether token) was ICO'd and is inflationary with no hard cap (as far as we know). The monetary policy is unclear, and Ether might have a constant inflation rate with PoS implementation. It's an awful store of value because we literally don't even have an idea of how much Ether there will ever be. With 0xBTC, just like with Bitcoin, we can know for fact the rate of production in relation to hashing rates and we have a 21mil cap.

>There are only 3 pure currencies: Bitcoin, Monero, and 0xBitcoin.

Yea this is nonsense sorry user...

> It seems that the mining is only a means of distribution, though, right? It plays no role in consensus?

Yes and no. Mining right now is only used for distribution since 0xBitcoin coopts Ethereum's network security and consensus. That being said, 0xBitcoin mining IS "programmable". You can set arbitrary events to be based off of the result of mining. Just like a BTC miner who gets the block chooses what transactions to include, a 0xBitcoin miner will soon be able to choose which Lava network relayer has the right to relay blocks.

For your reading pleasure if interested: medium.com/@admazzola/tokenminingpool-com-now-supports-miningking-and-doublekingsreward-264dee0761e2

medium.com/@admazzola/a-revolutionary-new-ethereum-smart-contract-pow-king-of-the-hill-5b68e6d9a51c

So this project is largely influenced by a third-party wallet that does not exist yet?

I would say that is concerning because requiring a proprietary wallet is not a good thing, especially for an ERC-20 token. The one benefit of ERC-20 is that it is easy to implement to 3rd party wallets. The single point of failure for all users in the case of maintenance is also problematic.

In the case of no premine, no ICO, etc. This is the best thing 0xBTC has going for it. But, like any 'popular' mining coins, this is at risk by big businesses with mining farms to control the entire network/dump the price in the long run. There will always be someone in control in a monetary system.

And haha. Thank you, I was getting a little worried when I read that.

It looks like I've got some more reading to do. I just hope this all isn't all relying on a single wallet in order to work. Thank you for the info.

It is not. It works like any other ERC20. Lava Wallet will let you use any token without the need for ETH in your wallet.

Genetics. They have evolved to breastfeed four babies at once. China soon to be BTFO

>So this project is largely influenced by a third-party wallet that does not exist yet?

I wouldn't say so, 0xBitcoin was conceived of before Lava wallet was. The creators simply wanted to create a deflationary and fairly distributed currency asset that was also smart contract compatible. 0xBTC achieved that on the first day of its deployment. Whether people adopt it and value these unique traits is anyone's guess. (Obviously) I am invested because I think this kind of asset was important for the development of Ethereum, especially if you adopt the mindset that Ethereum is an entire ecosystem on which projects can grow.

>proprietary wallet

I don't think Lava wallet is "proprietary". Since the Lava network will be open source and have clearly defined rules, anyone can interact with it; it's smart contract based of course. You can go ahead and pick apart what's written so far on github if you're curious and familiar with Solidity: github.com/0xbitcoin/lava-wallet

>this is at risk by big businesses with mining farms to control the entire network/dump the price in the long run

Well sure, since the hashrate is low there can be manipulations to some extent of the monetary supply, but desu that's the free market at work. The true strength of 0xBitcoin, imo, is that it freerides on Ethereum's security. Since 0xBTC is entirely smart contract based, even someone with 100% of the hashing power CANNOT alter the smart contract in any way and CANNOT affect the transfer of 0xBTC tokens. Bitcoin, Ethereum, Monero, etc can all have their codes altered by a majority consensus, but 0xBTC is unique in that (unless you take down the ENTIRETY of Ethereum), the code can NEVER change.

So yes I guess you can say that due to its small current market cap it is easily price manipulated, but I wouldn't say that 0xBTC is any more at risk of this than any other token or coin of its value.

It was asked to be explained why its important not what it is. If your 5 year old understands what bitcoin is certainly they can understand that 0xBitcoin is just like it but programmable.

Sorry but Bitcoin actually is the perfect store of value and medium of exchange as its digital gold and digital cash. Electronic warfare as a downside of Bitcoin is equal to nuclear warfare as a downside to gold and cash. I never said it doesn't require gas to send transaction where did you get that from? 0xBitcoin is a pure currency by definition. It means it has no intrinsic use, like Bitcoin. In order to answer the question of why its important to have a pure currency in Ethereum you need to understand that Ether is itself NOT a pure currency, it is gas for the network. My closing remark perhaps should have said they are the only novel, worthwhile, pure currencies. Scroll through CMC to see hundreds of others that are clones and useless.

Mining 0xBTC is only for distribution that's correct. Its value, like Bitcoin, comes from a collective perceived value. Saying miners sell some of their coins is just pointing out their business model - its value to them depends on the demand and their overhead costs.

I dont think Bitcoin is the perfect store of value either. There are too many factors that would cause a person's value to go to zero.

Its function as an asset that can be saved, secured, retrieved, and exchanged is what makes Bitcoin a better store of value than say dollars or Gold. It doesn't necessarily mean its value doesn't fluctuate. Its speculation as to if the price will go up or down and that's a separate argument. I mean Bitcoin has the ability to function better than anything we have seen before as a medium of exchange - its not perfect but its the best in existence currently.

he doesnt even know how to write spend but talks about creating value, hey brainlet, if transactions can be proceeded at low consumption why mining should be used, hey brainlet, why dont you google up energy efficiency and green business, retard

Expend is a word. Pick up a book and increase your vocabulary sometime future you would be thankful. Transactions are processed by Ethereum so its energy consumption is dependent on how the Ethereum network functions. I already said it: mining is used for distribution as its the only fair way to do it.

when is lava wallet set to release?

8 months of icos and now pajeets think they can use "Its mining only!" as a selling point
lol
I wonder if they hold any sigt

wrong and you're stupid.

i could paste an erc20 shitcoin clone with a claim() function which would airdrop fifty 0x4chan to anyone who pays gas

is that a pure currency with fairer distribution than 0xbtc? yes. thats how shit/gimmicky 0xbtc is.

Bumping for exposure

Mining is a selling point, when it exists on the Ethereum network. This is the FIRST minable token, and also happens to use Bitcoin's monetary policy. This is a very important innovation. Minable coins with their own blockchains -- i.e. pointless clones of Bitcoin -- of course are worthless unless they bring something new to the table, like Monero did with anonymity.

just mine eth then? it's more profitable

Except it requires no effort. Retards such as yourself must have never mined anything. Am I correct?

The fact is, the requirement to sacrifice your real dollars and resources in order to buy electricity and mining hardware in return for XYZ shitcoin is the limiting factor. Sure, if there was a 0xWhatever through which any shit-for-brains unthinking basedlet like (You) could accumulate a bag just by repeatedly poking a button in Metamask, well, of course it’d be a pure currency with a gimmick distribution mechanism. 0xbtc happens to be also a pure currency but with an inarguably Chad distribution mechanism that naturally keeps out whiners named QpAtpflK and anyone of similarly low IQ.

Chads much like myself know to mine ETH for the most gains and to then turn around and but 0xbtc with the proceeds.

Yeah I think ETH is more profitable to mine atm, 0xBTC had a big difficulty spike when it pumped and won't readjust for a month or two I believe. I would mine ETH and buy 0xBTC for the time being.

so it may as well be a crowdsale coin then with no developer cut?

That makes zero sense. Mining oscillates around an equilibrium and is necessary for mathematically fair distribution.

fair distribution does not mean everyone gets a little for free, fair is... creator/developers does not get any for free upon creation. You fucking dumb shit. You must be a fan a socialism though. GOD DAMN Jow Forums is a cesspool! Fuckin retards.

That's not how this works, randomly wasting electricity doesn't magically create value. I seriously hope you shills are paid & don't actually believe this nonsense.

Or you simply write a smart contract that simulates mining & distributes the tokens without wasting electricity. Retards.

0xBitcoin just got listed on coincheckup! This coin is wonderfully summerized! Enjoy the read.

>coincheckup.com/coins/0xbitcoin/purpose

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Its not random, its called PoW and it mathematically gives everyone who wants to expend resources a piece of a scarce asset that has a bunch of useful properties. Your smart contract example is an airdrop and not a way to create a real pure currency. You probably also think Bitcoin mining is a waste of electricity too right?

That's the beauty of 0xBTC. Its hashrate could literally drop to 0 and it would still transact fine. Mine ETH if it's more profitable, it just means that the 0xBTC supply will grow slower.

I just wanted to chime in and mention that your lack of understanding of the economics of cryptocurrency mining as well as your inability to understand why a gimmick-proof distributional method like PoW is superior to just giving any retard a token for the price of a gas fee is laughable. When we say that PoW leads to "fair" distribution we're not talking in a communist sense where any retard just receives coins because they want them. Fair in this context means that the distribution cannot be gamed by nonsense such as spamming an address, having more crypto in your wallet, or possessing more wallets. You need to spend money and resources to get out 0xBitcoin. At equilibrium, the profit from mining is nearly zero due to competition. At scale, this leads to a stable distributional equilibrium that just barely rewards those who can prove they have spent the resources (hence proof of work). No other distributional method makes sense for a currency.

What retard would buy this when you can buy BTC.

To fall for this, you have to be really stupid.

"....Up until 2018, every ERC20 token has been distributed in a matter that is generally known to align with ‘securities.’ The tokens are sold to ‘investors’ by the ‘creator’ under the pretenses that the ‘creator’ will perform some action to make the tokens more valuable. It should be clarified that Bitcoin is distributed via ‘bitcoin mining’ and therefore aligns itself as a ‘commodity’ and not a ‘security.’ This whitepaper will describe the first ERC20 token that aligns itself as a ‘commodity’ since it is distributed only using ‘Proof of Work Mining’ identical to the Bitcoin model. This token is also transferred on a blockchain in a method very similar to Bitcoin and so therefore interfaces with other software and with the world in a manner which is effectively identical to Bitcoin. This token has several advances that set it apart from Bitcoin such as the ability to directly interact with Ethereum Smart Contracts and the rest of the Ethereum Ecosytem in a permissionless way." - Short description from coincheckup. com.

If you don't understand lad, its okay. Join the club when 0xBTC is @ $20.

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You should be buying BTC... 0xBTC will likely never overtake BTC market cap. That being said, 0xBTC is useful within the Ethereum ecosystem since it is smart contract compatible, allowing it to be used in dapps and on decentralized exchanges.

0xBitcoin is going to take over BCASH (BCH) marketcap!

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(((who))) is that on the left?

I can’t believe this coin has a market cap of only 1.5 mil. This is an actual chance for bizraelites to make it.

Hey this is a nice comprehensive site, thanks.

Jesus Christ, people. It's not about total marketcap, it's about rate of growth. 50 cents to $100 is a 200x. $6,500 to $1,000,000 is a 150x. Which is more likely to happen first?

0xBTC doesn't need a billion dollar marketcap to make you filthy rich.

He means buy Bitcoin too. 0xBitcoin is not a replacement for it but it has great properties. If Bitcoin is digital gold, 0xBitcoin will be digital silver - not that clone coin litecoin. Except in this case 0xBitcoin as digital silver is just another alternative with more functionality.

Bump

most of the volume is generated by wash trades, the real volume is below 10k$.

>So this project is largely influenced by a third-party wallet that does not exist yet?

It is in no way dependent on Lavawallet, you can already transact with it freely on the Ethereum network. Lavawallet will allow people to send any ERC20 tokens without having to hold ETH, paying the gas fee in ERC20s. The people relaying these transactions and paying the ETH will receive a bit of a premium in the ERC20s, so there will be monetary incentive to be a relayer. The thing is, relayers will be appointed by 0xBTC miners, which will become a very lucrative business.

There's a pretty good video out about the Lava network if you're interested
youtube.com/watch?v=UcukfhdyItk

>tiny market cap
Check
>rapidly growing cult status
Check
>autist dev community
Check
>no ICO bags
Check
>chart looks bottomed out as fuck
Check

Consider me all in lads

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Now that you put it this way I kind of see it... I've been fudding this shitcoin for weeks thinking it was honest to god an Indian bot farm spamming this... but educated white people organizing around a cult coin can get dangerous very fast... Gonna buy 210 for suicide insurance.

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don't forget
>first of its kind
Check
>has "Bitcoin" in its name
Check

the bitcoin thing is only offputting for people who are at least somewhat experienced in this space, as it may seem somewhat scammy, but normies will absolutely jump at the option to buy "Bitcoin" at $100.

the Pajeet fud was literally people trying to accumulate more, I can't believe anybody actually fell for it. I mean, how can you be scammed by an open-source piece of code?

I won't say this again stop blue pill, the difficulty is still too high.

>stop blue pill
What did he mean by this?

We are the 0xBTChads and we are here to stay. Get your asses on board.

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>confirmed retard

how is sacrificing real dollars for a transaction to claim 0xAirdrop any different from sacrificing real dollars for electricity for 0xBTC?

both are valid work. your shitcoin is a gimmick

>how is sacrificing real dollars to get tokens from an ICO any different from sacrificing real dollars for electricity for BTC?

This is the level of retardation you are on right now

You deserve to stay poor!

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Their "team" looks like a bunch of random white dudes. The pajeets probably just picked them out by messaging some dudes saying "u white"? they reply "ya" and then "OK i give oyu some free 0xbitcoin if you stream on youtube and say you are our team"

"ok"

"The Ethereum Network has proven itself as the world’s first ecosystem for permissionless, transparent and immutable software applications. These software applications, typically taking the form of Smart Contracts, can all seamlessly interact with each other. To facilitate this process, various standard protocols have been developed such as the ERC20 standard for a common ‘token’ format so that these Smart Contracts can pass scarce, owned, and transferable data between one another without a centralized mediator. Up until 2018, every ERC20 token has been distributed in a matter that is generally known to align with ‘securities.’ The tokens are sold to ‘investors’ by the ‘creator’ under the pretenses that the ‘creator’ will perform some action to make the -tokens more valuable."- Abstract from coincheckup. com

>Up until 2018, 99.9% of tokens created on Ethereum are SECURITIES
>0xBitcoin is the first mineable token.

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