>>The name Bitcoin is present in 0xBitcoin, therefore it's trying to use Bitcoin's notoriety for selfish reasons
My understanding is that the main reason for the name is because it's essentially Bitcoin but inside Ethereum. The name is fitting. Not scammy. BTCP is when the Bitcoin brand is misused as it has nothing in common with Bitcoin.
Finished product
Yes it combines Bitcoin and Ethereum together. Its misunderstood and shoved aside as another Bitcoin copy when it reslly isnt. You are right about BTCP. WBTC also is not right in that it tries to bring Bitcoin to Ethereum, but still fails by being another IOU and requires a middleman. 0xBitcoin is a Bitcoin like token with the functionality of an Erc20 token directly on Ethereum so it interacts with its native system. Very simple yet genius token.
It's a perfection of bitcoin, simply put.
But is it valueable?
It's digital gold on Ethereum user. Satoshi's white paper implemented as an ERC token with no frills or add ons. What do you think?
Amen
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7.2k stack here fren
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