0xbtc value

Can anyone explain to a brainlet why I shouldn't buy 0xbtc? If pow is what gives BTC value, shouldn't that extend to 0xbtx?

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0x1d00ffff.github.io/0xBTC-Stats/?page=graphs&#
medium.com/0xbitcoinfoundation/bitcoinereum-deceptively-claims-it-is-mineable-459ddd0f8b8c
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1/10 shill attempt. Better luck next time Ranjeesh sage

LE AD HOM

You had enough time to accumulate below 0.002ETH, don't say you aren't done yet

pow is only one of the qualities contributing to Bitcoin's current value. 0xbtc lacks the most important one.

First mover advantage.

Btc has lightning network now. 0xbtc can't scale.

But 0xbtc is on the eth network, so it scales with eth right?

It's not even real pow, the just use it as a really inefficient method of coin generation. The transactions are verified through pow by ethereum miners. So it's basically nothing more than an ERC token that is capped at 21million

Bitcoin fucking NEEDS the PoW system to function. This shit is an Ethereum token, it's not mined. All the supply already exists.

It’s locked in the smart contract, to say it already exists is false. The smart contract mints tokens when the solution is found. Also 0xBTC uses PoW to distibute the tokens, which is far more superior than a airdrop or ICO. It eliminates monarchs and foul play so it’s simply put the most decentralized way of distribution.

You are placing bets on eth scaling and people wanting another coin just like btc while btc already exists. There are hundreds of tokens built onto ethereum and they will all need fast transactions.

>It exists in the smart contract, to say it already exists is false

Ok buddy enjoy your fake PoW pajeetcoin.

It’s for the distribution which you activley ignored to include in your greentext.

Go ahead and look up 0xBitcoin on google trends, then tell me how many results show up in India. NONE

I'd still get some in the case people start falling for the "BTC" branding of this token and make a few bucks along the way

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you have value of this in the name

The coin will derive its value from the miners mining it. They dont come to mine for free.

Nice price action today, just look at that fucking market buy 5 minutes ago, are there news or something?

Fucking Christ, are you niggers not done yet with shilling this scam, pathetic.

>and they will recoil with fear and disgust

Buying 0xBitcoin at 0.20$ is like buying Bitcoin at 0.20$.

See you in 3 years Brainlets to buy my 100x Bags.

If you're a brainlet you should definitely buy. It's made for you.

Nobody knows the time of the price singularity.
But when it happens, everyone will know.
All across the world, voices will echo "..what's wrong? Is everything ok?"
A few vehicular accidents will occur seemingly for no reason.
Several pilots, delivery drivers, and one pajeet who forgot to close a submarine hatch will all last be seen yelling at their phones.
IDEX will crash. Everyone scrambling to buy 0xBTC will see 404.
Etherdelta will become so overwhelmed with traffic it will slow to a halt. It will become unusable.
The only orders that will happen will be buy orders that have already been placed.
0xBTC will reach unimaginably high prices within minutes.
Every no0xBTCer's eyes will watch. The tiny 0xBTC diamond on coinmarketcap will be reflected in their eyes.
However, the ones who knew..the ones who had heard, but didn't listen..
their diamonds will be distorted by tears.
As these tears fall onto rapidly moving fingers that are refreshing IDEX or etherdelta multiple times,
Haunting music rings in their ears infinitely.
The harrowing noise of the bells causes the no0xBTCer's soul to shiver...and scream.
Biz will be filled with 0xBTC memes. All threads will be titled "You had your chance."
Monitors will be smashed. Laptops broken in half. Weddings, family reunions, graduation ceremonies, and other social events across the world will be plagued by the audible cries of no0xBTCers who knew the path but didn't take it.
Their hopelessness crushes them inside, but they keep having to wageslave, and forcing a smile on their face every day to avoid ever being asked "what's wrong?" again will eat away at their sanity.
This soon becomes a worldwide phenomenon, and no0xBTCer syndrome will be added to DSM-V and heavily studied.
Most normies will continue enjoying their playpens.
But the ones who knew..
they will become uncomfortably intimate with despair...
For they know they missed the opportunity of a lifetime, and another precious path to freedom has disappeared forever.

Heh, got in at 11 cents. Would kms if I bought at ath of $5 (you guys are mad salty calling it a pajeet scamcoin when you bought the top)

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It's not Bitcoin or trying to be Bitcoin. It's just got the same stats as Bitcoin like reward per block and difficulty adjustments and so on. It's a Bitcoin-like token built on top of Ethereum. This means mining it is for distribution and isn't required to secure 0xBitcoin. That makes it immun to 51% attacks. You have to attack Ethereum to allow double spends on 0xBitcoin.

For the love of God why can't /biz understand this token. And by the way, there are many, many projects working to increase scalability for Ethereum. With the Constantinople and Serenity updates, the erc-20 token ecosystem will get a boost. State channels can be upgraded like Raiden and there are off-chain sidechains in the works. Pic related is from the contract deployer, Infernal Toast, whom is also working on Lava Wallet, an off-chain relayer network that helps non-eth holders pay for gas by paying a relayer in 0xBitcoin or other erc-20 tokens.

Attached: 0xbtctoastinfo.png (890x570, 20K)

>Bitcoin in the name (This alone will make it 10x)
>Low marketcap
>140+IQ Devs working on it (Not a single Jeet)
>Lava wallet (Concept out before Vitalik mentioned it)
>First mover advantage in the mineable token space
>Unique concept
>Merge mining
>Initial mining offering possibilities
>Fairest distribution of ANY crypto so far. No single entity owns the contract or a majority of coins
>Lives on the ethereum blockchain so Eth itself would have to be 51% attacked for this to die
>Hashrate increased 10x the past months
>Vitalik himself holds some (Check his wallet)
>It works and will scale alongside eth, will have ethereums upgrades as they come.


Tell me again why this won't increase in value

You sold me. What's a good buy price?

I told some people at ETHDenver about it.

I've stopped trying to educate biztards. Lets enjoy our stealth phase for a bit longer.

Its ath was $5, so anything under 70 cents is a steal IMO

Yes, becaue no one anywhere in the world gives a fuck about this shitcoin except for the 1 pajeet who copy and pasted the BTC code into an ERC20 and then shilled the fuck out of it in the most retarded way imaginable. The only reason this exists was so Ranjeet the 0xBTC dev could scam brainlets into funding his move to a better shitting street.

The guy who wrote the contract is white you triple nigger, he did a fucking youtube interview

This is one of about 10 coins that are diluting the Bitcoin brand now. Nobody is going to actually buy or use this just because it has Bitcoin in the name except for fucking retarded pajeets with sub 80 iqs who can’t see how stupid that shill is.

Hahaha you had your time to accumulate. Sorry you are missing this rocket.

Yeah and the only kinda "OK" Bitcoinbrand Coin with a 1 Million Marketcap. LOL

DIFFICULTY IS OVER 2 BILLION NOW!

HAHAHHAHAHAHAHHAHAHAHAHH ... pause ....
HAHAHHAHAHAHAHAHHA


0x1d00ffff.github.io/0xBTC-Stats/?page=graphs&#

These kids are gonna kill themselves after realizing they spent all their time fudding something they should have been accumulating

Getting in below 0.0025 is really really good. Will be hard to buy at mercatox considering theres a whale there scooping it up, but IDEX and FD still have a bunch for sale in the 0.002 region

Repugnantly UnFUD'able,

To be completely honest with you i will not buy any coin or token trying to piggy back off of the btc name. Whether you know it or not 0xbtc has already failed because it refused to be its own solution. In the dotcom bubble the best technology failed. What succeeded were the companies that had user and industry adoption. If in the future bitcoin succeeds then there will be no need for a 0xbtc token to exist. If in the future btc ultimately fails then so will 0xbtc for bearing the name of a scam.

Sorry that was me who bought 4k 0xbtc and erased every sell order in the 6k sats range

An alternative scenario - bitcoin development continues to be a clusterfuck, while ethereum development becomes less of a clusterfuck, at which point there is potentiall for 0xbtc to be actually technically superior to bitcoin, while retaining the same economics. Maybe not likely, but the moon possibility is there, and since everybody's just speculating anyway, the perception is what matters for now

The thing with 0xBTC is that it's not like the other 50 scamforks of BTC. It's an idea, a token with the properties of Bitcoin living on Ethereum.
The concept of Bitcoin implemented on Ethereum. It's not trying to overthrow BTC or be a cashgrab like Bitcoin gold/diamond. It's a 100% community driven coin not made to try and improve BTC like all these shitforks.

I bet you will feel very bad when we read the Marketcap of BCH, BSV or most likely BTG Bitcoin Gold.

*reach

Based and redpilled. OxBTC is just a shitty knockoff of BTC. The same people buying this are the people who buy Addidass sneakers at the flea market for $5 thinking they can flip them for a huge profit on eBay since they’re “just like Adidas.” I hope they enjoy holding those bags. Maybe they can flip them for a 3% gain someday.

kek, u mad you didnt buy in at 11 cents?

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Reading the MCs of those forks—and ABC and SV are actual BTC forks—is the only time you’ll ever see that MC, pajeet. You got lucky when it was pumped over $4. Now your only hope for a “moon” is if a Discord PND group targets it due to the relatively low supply. But you’d just get dumped on again.

>Maybe they can flip them for a 3% gain someday.
Says smartass user, as 0xbtc is up 30% from yesterday and the largest buy walls in a long time are appearing. And you're still talking about pajeets despite the fact that the contract deployer is white and there isn't a single actual indian involved in the project, the foundation, etc

2019 is the year of the ETH BTC flippening as it has to accure before the BTC Halvening. I wonder what happens to your ABC and SV Marketcap then.

Its good to see some people who have actually done the research and know what they are talking about. I kinda hope the price drops below 20 cents so I can accumulate more

Bitcoin doesn't work in the Ethereum ecosystem :)

0xBTC is one of my largest holdings. When Ethereum goes PoS, 0xBTC will be the only legitimate onramp of value onto the network through mining. PoS will devalue Ether and relegate it to use solely as gas, instead of as a currency, due to the infinite inflation rate. 0xBTC, a PoW minted asset, will become "hard money" on Ethereum. It's a fucking steal at these prices. 0xBTC will enter its way into mainstream discussion on Ethereum economics as the PoS transition nears.

infinite supply*. Inflation rate will be steady at x% per year but I meant to say the supply will continue to grow limitlessly.

Mining Difficulty raising as well as prices. We gonna have our second pump :). Normies are exposed to 0xBTC on Coinmarketcap as a TOP gainer.

Difficulty and hashrate are rising, yes, but please learn to read charts

Let's enjoy it is right. Could care less about these pumps, but that 0xBTC is one of the most undervalued cryptocurrencies to exist.

Anybody can send vitalik any fucking shitcoin LOL

>down 98% from ATH
>becomes 96%

most eth scaling is on layer 2

>no brand identity
>nobody wants it after a full year
>just one 110iq british shitskin
>wallets only impress pajeets
>minereum came in early 2017, and pow as a distribution model for tokens was shipped with ethereum to the point full working examples were part of the solidity v0.4.0 tutorials
>see above
>merge mining is pajeetry
>pajeet buzzword with no value, nobody wants to waste energy. pow in bitcoin secures the network, distribution is a distant second place
>dev and his pals mined the token at low difficulty using several addresses for months, distribution far more unfair than even pyramidal tokens like P3D
>endless shitcoins live on eth, i could create an erc20 called "5oyckWIE is a fag" and it would live forever on the ethereum blockchain too
>retards love to waste hashrate. vertcoin has a lot more hashrate, doesn't make it any less shit
>vitalik has some because you faggots sent him some, like every other spam erc20 out there
>will not scale with eth as eth scales through L2 right now, doesn't work as it has no utility, secures nothing and isn't fairly distributed

but despite all that it can increase in value, because of shit liquidity + pajeet price manipulation. a global bull run would bring it up too. if fundamentals were everything, we wouldn't have dash or neo in top20

How can you call vertcoin a piece of shit? Fuck you faggot. VTC is one of the oldest coins and anti asic isn't a meme. I'm tired of you nonminers who legitimately don't get. You just don't get it.

It's not scarce. I can create today a 0xBitcoin2 with 100M supply and it would have the same properties as 0xBitcoin. The natural price of this token is $0.

That's a brilliant idea. And if you did no one will mine your shitty token.

The natural price of this fud is 0 (braincells)

Why? 0xBitcoin only have fake mining. Nothing of calue behind it. The real value is createx by ethereum miners.

medium.com/0xbitcoinfoundation/bitcoinereum-deceptively-claims-it-is-mineable-459ddd0f8b8c

Imagine claiming that a shitcoin like Minereum is PoW when it's actually just a calling of the contract without actual hashing. Minereum is susceptible to Sybil attacks and literally had a set of 500 "genesis wallets" for the creators.

0xBTC uses actual hashpower as its PoW, which can't be faked or spammed.

Also you say distribution is far more unfair like P3D shitcoins but:

1) You're just baselessly making shit up
2) Less than 20% of total tokens have even been mined so far. How can they have mined a massive amount of tokens early on when in the first couple months barely 5% of the total supply had been mined?

Get better FUD.

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Speaking of the "devs mined a quadrillion 0xbtc into a quintillion wallets in the first few months" claim, this was a concern for me before I bought in and I did a cursory investigation of the creation date of the contract, the subreddit, etc. A lot were mined by the first GPU miner, but we're talking 50-100k at most out of what is currently 4 million. Other than that, there doesn't seem to have been anything unusual.

However, to really put this question to rest, someone can probably get the data off the chain and do an analysis of the time distribution calls to the mint function and track where all the tokens that were mined in the first few months went. It would be difficult to hide anything genuinely nefarious, since you'd have to create a large number of wallets in a nonrandom but unpredictable way that mimics natural adoption by miners. I can't be bothered to do that work since I believe the probability of it being a scam is near zero after my cursory investigation, but some 0xbtc person might want to do it just to put that particular FUD to rest.

Lmao what do you mean "nothing unusual", what exactly are you expecting? There is literally no way to tell if the devs own one wallet or one thousand. Except by using your common sense, of course.

Engage your reading comprehension user. Tell me how you would propose to create 1000 wallets and mine into them in such a way that it's impossible to detect after the fact that they were done by the same person with some rudimentary forensics. At the very least, it would take a hell of a lot more foresight and careful planning than the "0xbtc is a pajeet scam" guys credit the devs with, and realistically I don't see how you can do it.

Bro how big of a number do you think 1000 is? I could create 1000 wallets by fucking hand never mind with a script lol. How would you detect it? It will never be worth anyone's time to do proper chain analysis on this garbage so no one would ever find out

For fuck's sake just use your brain for two seconds. Today, a year on, there are 5000 wallets total holding 0xbtc. Let's say you're the dev and in month 1 you want to create some big number of wallets and mine into them. How would you determine the correct time to create each wallet? Randomly? What kinds of clusters should you have? How will you account for actual other miners and adapt the times to mimic those patterns? How about the number of coins in each wallet? Other tokens someone might put into the wallets? Transfers and movements? If you don't see how you can get a vast amount of information about the miners with minimal effort you seriously lack imagination. I could do this myself in a few days, but I'm not going to bother because I'm fairly sure I know what I'd find (nothing), and someone else will probably end up doing it sooner or later anyway.

Total bullshit. Look at a 0xBitcoin mint resulting in reward (50 0xBTC) just 45 minutes ago.
Function: mint(uint256 nonce, bytes32 challenge_digest)

MethodID: 0x1801fbe5
[0]: 00b853acfd6f824833020000000000000000000000000000000000007b1dfe20
[1]: 0000000000000cac3fd36bbfeca7f3b3b7d136304e2aac96534d434bc17f0e59
First argument: Solution
Second argument: Digest (less than or equal to the Difficulty target)
which is why it got a reward, the work is proven done and checked valid by the contract.

those of us who have been watching the blockchain since "back when" 0xBTC was deployed already know this guy is completely full of shit. Poke around in some of the "wallet" addresses holding 0xBTC and you'll see a broad range of real activity, real portfolios of tokens and ETH alike, and of course trading. FUD doesn't work on people who know how to do even basic research with a block explorer. As much as they hate to admit it, 0xBTC is gaining momentum.

> How would you determine the correct time to create each wallet? Randomly? What kinds of clusters should you have? How will you account for actual other miners and adapt the times to mimic those patterns? How about the number of coins in each wallet?
HAHAHAHAHA. Bro only the dumbest of the dumb hold this shit. You could create one wallet exactly every 100 seconds and put exactly 100 tokens in it and no one would ever ever notice. Who is going to spend time actually analysing some worthless shitturd. Are you? Cos I'm not.
No one is. Basic BASIC randomisation of values will render your scam undetected till the end of time.

user, I hate to break this to you, but you are literally retarded. The thing about BASIC randomization, or any kind of randomization, is that it LOOKS RANDOM, and IS STATISTICALLY RANDOM. Actual adoption does not look random and is not statistically random. If your only argument is that "this is a scam that would take one person two days to uncover, but nobody will ever uncover it because nobody cares", then I don't even know what to say to you.

anons on the fence better DYOR or risk missing out, because these fudsters have no idea what they are talking about

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> If your only argument is that "this is a scam that would take one person two days to uncover, but nobody will ever uncover it because nobody cares"
Yep that sounds about right. Proper chain analysis takes time and expertise and good software, I can't imagine anyone ever wasting any of that on this worthless trash.

"Proper chain analysis" on a one year old token with 5000 holders can be done on my laptop by me with no special software, and I'm nobody special either. Each additional post you make shows more and more that you have a lot of confidence in your preconceived notions but very little actual understanding or critical thought.

>"Proper chain analysis" on a one year old token with 5000 holders can be done on my laptop by me with no special software
And yet here you are, hands empty. You're obviously heavy into this rubbish and yet haven't even bothered to verify it for yourself. Further validating my point. Hilarious.

I'm not affiliated with the 0xbtc team and I only hold a small amount, so it's not relevant to me. I just had this thought about how to answer the "devs secretly mined all the coins" fud, so I posted it since this thread was here in case anyone else felt like it was a good idea to do. It's been fun completely demolishing all your "arguments" though, good talk user.

He's a lazy loudmouth idiot. The analysis is exceedingly simple, especially if you look at the nonces. Tokens are only minted when valid PoW is submitted and the evidence points to what was obvious in the first place: lots of miners.

Guess what the original contract deployer is doing? Mining on a 1060 and buying on exchanges. Sorry that you're used to devs shitting all over you, but the FUD posted in this thread is garbage tier.

> It's been fun completely demolishing all your "arguments
Haha what exactly did you demolish? I said that no one would waste their time analysing this worthless garbage, then you said that you could easily do it but you couldn't be bothered to.
Fucking kek
>good talk
You're welcome.

>The analysis is exceedingly simple
Off you go then.
No?
Didn't think so. Bunch of brainlet bluffers holding this coin, no wonder their so easy to scam.

First you claimed that the dev could just make 1000 wallets, and I explained why that would be easily detectable. It took you a couple of posts to grasp the idea but eventually we got there. Then you claimed that he could just "randomize" his wallet creation, so I shut that down as well. Now all you're left with is the argument that nobody will ever bother to do a simple analysis because nobody involved cares at all about their money. I really would do the analysis myself, but that would be letting you win in a way, and I can't have that. gg

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tfw you're mining, your friends are mining, the guys in the discord are mining, the people in the telegram are mining, people --here-- are mining, and the people too dumb to do it are FUDDing in the face of overwhelming evidence: probably so they can try and buy cheaper

Keep it ignorant, biz

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So totally btfo you can't even find any words to post? I get it, the chans can be a tough place. You'll do better next time.

I know I shouldn't enjoy mocking brainlets in internet arguments, but I can't help it, I'm a bad person

I don't believe in the "fudding to make it cheaper" thing in most cases. A lot of anons just get attached to hating on a coin, it's an easy way to feel smart.

2 down, 11 to go
work harder rankeesh, then i'll grace you with debunking your points a second time

i'll grant you i live in the first world, so it's hard to give a fuck about pow save as a necessary solution for bitcoin, and temporary fix for ethereum

lol yeah they're just dumb angry people who hate anything they don't own. It's super easy to mine and the community is full of helpful people, but no, they'd rather rant and rave ON THE INTERNET

>I really would do the analysis myself, but that would be letting you win
So your two choices are either: do the analysis and I win, or don't do the analysis, proving my entire argument correct.... and I win.
You have only two options and they both result in me winning. Therefor the argument is already over.
Since there is nothing more to add materially, I thought I would close with a picture of you, for posterity (see: previous post).

pankreesh, it's time to stop larping just because you're lurking stackexchange. computers are not magic toilet gods, nor is randomisation a binary switch. i'll send you 1 eth if you can wipe your shit-covered fingers to tell me which of the following sequences are computer generated randomness:

1 3 5 8 12 34 7 10 11 68

3 44 3 7 13 56 2 2 81 13

4 17 21 13 88 56 34 85 12 55

41 8 23 45 33 36 78 25 90 47

do your best. remember, that's a full month salary on the line

since you have no rebuttal, the offer is open to you too, rajit. chop chop

What's a Pankreesh? Why are you making up nonsense words and series of numbers rather than a cogent argument? You can't even keep track of who you're replying to on this crap board software. laff

Good job formulating an "argument" based on a bit of meaningless throwaway snideness I put in. Let's face it, you're not cut out to have this argument with me, so you shouldn't have replied to my original post on this topic in the first place. Give it a rest.

This hash rate is getting my dick hard.

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First of all, I'm white and almost certainly considerably richer than you, unless you're also financially independent. Second, I'll give you the benefit of the doubt that you're actually attempting to argue and not just waving your dick, so let me ask you this - do you appreciate the difference between detecting nonrandom patterns in a one year long series of wallet creation timestamps and coin amounts, compared to trying to detect structure in sequences of 10 numbers? I'm sure you do, so what exactly are you trying to say here?