These bags are heavy
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Sell them then. I am loading up.
Yeah well the entire concept is retarded.
The needful has been done.
market sell right this second i fucking dare you sir
the needful is never done
I wish there was an actual marketing team and it would get listed on a mainstream exchange.
How do I market sell something I don't own?
buy some then market sell to me at a lower price, sir please i need to feed family
ur free to be the marketing team sir, no one gets paid
If they’ll pay me in 0xbtc I’ll do it.
>Yeah well the entire concept is retarded.
are you capable of elaborating on that claim?
Fuck you
>Fuck you
nice. that's the thing about 0xBitcoin haters. they are afraid they are missing out on something important, and they don't have the skills to evaluate 0xBTC on its merits, so they parrot anxiety-relieving clichés like "but it shitcoin!! it retard!!!" back and forth to each other. that feels better than actually learning.
these were the most annoying shills when they were out in full force. I hope I was able to deter some people from buying it when it was over $2.
>these were the most annoying shills when they were out in full force. I hope I was able to deter some people from buying it when it was over $2.
how did you know it wasn't worth more than $2? are you a wizard harry??
>these were the most annoying shills when they were out in full force. I hope I was able to deter some people from buying it when it was over $2.
back in 2011, did you convince people not to buy BTC at $2?
they wont. the whales are retards
When we reach 10,000 wallets we can start commissioning Binance for a listing right?
USA Binance cant wait. Going to be good stuff I'm sure they will want to list a legal moonshot for burgers right?
you are retarded. go and think about marketing. look at the website it is a joke. should really examine WHY the price is in the gutter
no trading
no usage
no nothing
no volume
no exchanges
10,000 wallets at this rate will be year 2100
>10,000 wallets at this rate will be year 2100
helo, your retard. 5,555 addresses so far in 1.5 years. rate of address creation is and has been increasing.
honestly, it's a bullshit metric tho. i can go create 10,000 addresses with balances right now. but no one is doing that kind of faking, which is good.
>you are retarded. go and think about marketing. look at the website it is a joke. should really examine WHY the price is in the gutter
>no trading
>no usage
>no nothing
>no volume
>no exchanges
everything you say about 0xBitcoin could be said about Bitcoin back in the day. i was there. you probably weren't.
every project starts as "unsuccessful" .. until it's not.
if you can't see how weak your argument is, you are either:
1) dumb
2) willfully ignorant
which is it?
go and do it you faggot.
bitcoin had a community of people using it as a currency. nobody has even bought so much as a fucking pizza with 0xbitcoin
>bitcoin had a community of people using it as a currency. nobody has even bought so much as a fucking pizza with 0xbitcoin
not true. people have already exchanged 0xBTC for bounties and prizes. that started happening only 1-2 months after 0xBTC mining started.
0xBTC has been traded on DEXes almost since the start.
the first (known) Bitcoin payment was in May, 2010 for two pizzas (now famous), which was about 1.4 years after the start of BTC mining. in comparison, based on age, 0xBTC is right on pace or ahead of where BTC was.
>go and do it you faggot.
no. i don't want to create fake activity. what is the point? let 0xBTC grow organically as it has been.
www.0xbtc.store
>bitcoin had a community of people using it as a currency. nobody has even bought so much as a fucking pizza with 0xbitcoin
there is a physical store up where you can pay with 0xBitcoin. a guy put it up yesterday. soon someone will surely buy from it to have the bragging rights to "first 0xBitcoin physical purchase."
nice. now make an auction site where you can buy drugs
So your arguments are:
1) keep comparing this piece of shit BTC
2) you can buy things with it.
KYS pajeet
>nice. now make an auction site where you can buy drugs
no way, too illegal. nothing's stopping you tho, if you have the skill.
i hope we'll see a fiverr type of thing soon with payments in 0xBTC. let it start out with just people from the discord hiring random tasks from each other. see if it grows from there.
>So your arguments are:
>1) keep comparing this piece of shit BTC
>2) you can buy things with it.
>KYS pajeet
again, you have no substantive argument.
it's logical to compare 0xBTC to BTC because it's BTC value mechanics ported to Ethereum.
there is a shitload of enthusiasm for 0xBTC among a couple thousand people. hashpower is over 10TH/s.
do you have any substantive arguments against 0xBTC? or is your argument limited to "but no doption yet"?
> he didn't sell and buy ETHP instead
> the year is 2019 and people are still buying first gen erc20 memes
>> the year is 2019 and people are still buying first gen erc20 memes
0xBitcoin was the first PoW mineable token on Ethereum. it has first mover advantage in a major sense.
a few people have cloned the contract and made their own mineables (BSOV etc.), but 0xBitcoin has virtually 100% of the hashpower, over 10 terahashes/s vs. a couple gigahashes total for everyone else.
LURKERS & NEWFAGS BEWARE - 0xBITCOIN WAS A BIZ PND THAT THOUSANDS OF ANONS GOT BURNT ON IN 2018
0xBitcoin was a Jow Forums invented FPGA miner scam token.
Almost everywhere online 0xBTC threads are deleted, ie plebbit, its that big of a scam.
The actual daily 24hr volume on 0xBTC is under $10,000 - CMC reported volume is 95% wash trading
Don't believe me then buy $300 worth of 0xBTC and watch the price move by 20%
Around the time that these miners were pumping 0xBTC they shilled Jow Forums CONSTANTLY with it.
There was at least 15-25 spam threads about it daily up until they dumped their bags on all the anons buying in.
It was a coordinated pump and dump and these 0xBTC scamming faggots think that Jow Forums has forgotten about what they did.
Lots of anons were fooled into buying it at $2-$4.
Now there are tons of bag holders of this shitcoin and ALL of the 0xBTC threads on Jow Forums are made by these miner faggots where they coordinate Jow Forums shilling in their 0xBitcoin discord.
This project has a better chance of always being worthless than even worth $5.
No one will really tell you the truth about this scam because so many ppl were suckered into buying it on Jow Forums
Truth is, not many ppl are smart and wise to scams and it takes a high IQ to realize that 0xBTC is a miners scam token.
What's more is the FPGA miners mining this shit are now only making about $0.08/0xBTC and it keeps dropping.
It's incredibly not profitable for anyone besides FPGA fags to mine this shit.
Don't fall for this fucking miner scam token, its always going to be worthless.
>entirely community driven
>zero money for marketing or exchange listings
>scam artists for devs - who literally orchestrated a pump and dump on bizlets
>miner shill faggots who constantly spam threads about it bc they are so desperate for you to buy their bags because LITERALLY NO ONE IS BUYING THIS SHIT ANYMORE
What's more is that 0xBitcoin DOESNT EVEN PUMP WITH LEGACY BITCOIN!!
>do not reply to 0xbtc shills
>FPGA miner scam token
lol.
the popular theory is that this guy bought 0xBTC at $4 the last time it peaked.
his losses, combined with the fact that he makes up baseless shit like a schizophrenic, seems to compel him to do this copypasta.
when he doesn't show up to a 0xBitcoin thread, i worry about him. like, did he get remanded to a psych hospital again?
>FPGA miner scam
it's true. pic related.
>It's incredibly not profitable for anyone besides FPGA fags to mine this shit.
yeah, seems super logical. miners are mining over 10 terahashes/s (equivalent of 8,000 1080ti gpus) nonstop. they are mining 5,000-10,000 0xBTC per day. doesn't matter what hardware they're using. just like BTC, it started with CPU mining and went up from there.
if you don't have a gpu or fpga to mine with, just buy it. there's like 10 exchanges out there with 0xbtc.
It IS a shitcoin, retard.
>just buy it
That's a yikes from me
>It IS a shitcoin, retard.
sure, in that anything that isn't bitcoin is a shitcoin.
but fundamentally, your argument is to say, "it's shit." then when some asks you if you can substantiate that, all you can do is add more emphasis. this should be a sign to you and anyone reading that you are pretty clueless.
but it doesn't have to be that way. try to think it through. get to the point where you can evaluate a coin/token on its merits. what is value? why did the original Bitcoin have it? why did BTC's price start at zero and then swing wildly? what is value, fundamentally? what is proof-of-work in a more philosophical sense?
in the early days of bitcoin, i had to hear dumb people say all the stuff you're saying, except it was a much smaller group of people. like maybe a few hundred thousand people had even heard of bitcoin. maybe 1% of those people owned any. the others were so busy talking about how Bitcoin is stupid, and constantly telling me i was stupid for mining it, that they missed the boat. it actually sucks when i think about it. if they'd thrown $100 bucks at it in early 2011, they'd have hundreds of thousands to millions of bucks today. i hope they don't look back on it and kick themselves. hope they don't associate me with that feeling of loss. i also hope there were a couple people that i persuaded to get into Bitcoin. (i know at least a few, but hope there were more who listened to what i said in various forums and irl.)
>That's a yikes from me
i mined Bitcoin when it was young. i spent weeks CPU mining and actually never solved a block. pretty quick i got into GPU mining and did get blocks in slush's pool. if i'd bought $100 worth of BTC on the forums via, i would be unimaginably rich now. i thought about it. but mining was more interesting and i thought i could get a discount.
i don't kick myself because that would be stupid. i mean, i'm very grateful i mined what i did.
point is, there's no shame in buying. there's also no shame in missing the very start of something. imagine passing on BTC because you could only buy it at $10 and it used to be cheaper.
>$100 worth of BTC on the forums via,
*via PayPay,
[that's how it used to trade]
>*via PayPay,
fuk, i'm trying to type PayPal, if it's not obvious
>what is proof-of-work in a more philosophical sense?
People get why BTC has value. They dispute your assertion that 0xBTC has value merely because it has some of BTC's properties. This childlike logic is flawed and is in fact the same logic used by every other BTC clone:
>BTC is valuable. BTC uses PoW. Therefore anything that uses PoW will be valuable.
>Bitcoin Gold uses PoW, therefore it will be valuable
>Bitcoin Diamond uses PoW, therefore it will be valuable
>0xBTC uses PoW, therefore it will be valuable
Those who think Bitcoin Gold/Diamond/0xBTC are valuable are all using the same flawed logic and missing the point of WHY PoW confers value on BTC but not Bitcoin WhateverTheNextShittyCloneIsCalled.
>hurr durr I almost mined bitcoin once
Yeah thanks if I ever want advice from someone who didn't make it I know where to find you.
>Those who think Bitcoin Gold/Diamond/0xBTC are valuable are all using the same flawed logic and missing the point of WHY PoW confers value on BTC but not Bitcoin WhateverTheNextShittyCloneIsCalled.
you're in the neighborhood of right, but still wrong.
i'm not saying that 0xBTC is definitely going to have value because it's like BTC.
what i'm saying is that there's nothing standing in the way of 0xBTC having value, because it has the same value mechanics as BTC.
can you see the difference?
>Yeah thanks if I ever want advice from someone who didn't make it I know where to find you.
yeah, that's fine. i have no easy way to prove i'm not larping.
however, if i'm larping, i'm larping from a realistic point of view if you know anything about the history of bitcoin, and the point stands.
>what i'm saying is that there's nothing standing in the way of 0xBTC having value, because it has the same value mechanics as BTC.
[continuing, had to reply to somebody else]
two more points:
0xBitcoin has something that Bitcoin couldn't have: it is native to Ethereum and can interact with smart contracts. if Ethereum continues to be successful, then 0xBitcoin is currently by far the best contender for a Bitcoin-like thing on the platform. it's totally decentralized; it's pure proof-of-work; and it had first-mover advantage, that is, a ton of hashrate spent in the past 1.5 years (has increased massively, about 1.3 billion times the difficulty now as at launch, comparable to Bitcoin, interestingly). if Ethereum is successful, 0xBitcoin has every possibility of being a huge success as well. if Ethereum dies, 0xBitcoin dies too.
second, 0xBitcoin does not secure its own network. it outsources that job to Ethereum. (which means it has been 51%-attack-proof since day one.) that means its value mechanics are actually purer than Bitcoin's, since Bitcoin also secures the network with hashing, which necessarily means that its PoW is not purely about proof-of-belief-in-value. (Bitcoin had no choice but to do this, since there was no global provably secure distributed computer at the time [ie Ethereum]. it's still brilliant, not mad at Satoshi that he had to mix the two.)
>>hurr durr I almost mined bitcoin once
>Yeah thanks if I ever want advice from someone who didn't make it I know where to find you.
by the way, do you have a reading comprehension problem? i did mine Bitcoin. i didn't successfully do it with a CPU despite trying. but i did with GPU using phoenix miner in early-ish 2011.
>missing the point of WHY PoW confers value on BTC but not Bitcoin WhateverTheNextShittyCloneIsCalled.
PoW is brilliant. if you can produce `hash = keccak256(challengeNumber, msg.sender, nonce) ≤ miningTarget`, then you have mathematically proven that you have converted ("destroyed") a roughly known amount of electricity into waste heat, and there is no scalable way to reverse that.
PoW is proof of belief in value: you prove you did the computation, so you receive the reward (currently 50 0xBTC for 0xBitcoin, but it will halve again and again on the same block schedule as Bitcoin).
what are you talking about when you say PoW doesn't confer value on other mineables? that's nonsense. but please do try to explain if you can.
>Those who think Bitcoin Gold/Diamond/0xBTC are valuable are all using the same flawed logic and missing the point
fundamentally there's no reason that Bitcoin Gold or Bitcoin Diamond couldn't become valuable, theoretically as valuable as Bitcoin. seems super unlikely to happen, though. most importantly, Bitcoin has first-mover advantage. it just has massive hashpower that any clone would have to catch up to. (more accurately, miners would have to think the clone coin had sufficiently high current/future value relative to Bitcoin in order to want to consume the amount of electricity proportional to the high price. mining prices follow sentiment, not vice versa.)
actually, thanks for helping to make my point about why 0xBitcoin has a lot going for it. just one example, provided by you:
Bitcoin Gold suffered a 51% attack around a year ago. why? because the price rose high enough that miners could rapidly bring enough hashpower online in order to double-spend it.
this can't happen with 0xBitcoin. it has been 51%-attack-proof since it started because it outsources the security of the chain to Ethereum. 0xBitcoin's mining is purely for the purpose of forcing miners to prove that they value the token enough to spend a roughly known amount of electricity mining it. it is an uncheatable proof.
and Ethereum is not under any great risk of a 51% attack (hashpower currently about 180 TH/s).
>what i'm saying is that there's nothing standing in the way of 0xBTC having value, because it has the same value mechanics as BTC.
>can you see the difference?
Of course. I'm glad we agree that 0xBTC has the same value proposition as Bitcoin Gold and Bitcoin Diamond.
>Of course. I'm glad we agree that 0xBTC has the same value proposition as Bitcoin Gold and Bitcoin Diamond.
you're trying to be snarky, but you're looking really dumb. do you know that "value proposition" means (roughly) "thing it offers that gives it value"? maybe you are speaking a custom language that's not compatible with what everyone else is speaking.
Bitcoin, Bitcoin Gold, and 0xBitcoin all have the same major value proposition: proof of belief in value through provably consuming electricity, aka proof-of-work. this is what makes them rare.
Bitcoin Gold tried to be ASIC resistant. the problem is that they were vulnerable to a 51% double-spend attack and they got hit. but Bitcoin Gold's major value proposition is still the same. (they just try to add the ASIC resistance as some tiny value-add.)
0xBitcoin is exactly as 51%-attack-proof as Ethereum is, which is one of the reasons it's brilliant. 0xBitcoin's major value proposition is the same as Bitcoin's and Bitcoin Gold's: proof of belief of value through provable electricity consumption (specifically, calculating a sha3-keccak hash such that `hash = keccak256(challengeNumber, msg.sender, nonce) ≤ miningTarget`, just go read the contract if you can even understand it).
0xBitcoin has a significant value-add which is that it is native to Ethereum and can interact with smart contracts. so if it becomes a significant store of value, all kinds of future Dapps will be incentivized to use it.
so, you really have no point, or you don't understand the term "value proposition", or you don't understand Bitcoin OR Bitcoin Gold OR 0xBitcoin. it's good that you're trying, but please try harder.
>I'm glad we agree that 0xBTC has the same value proposition as Bitcoin Gold and Bitcoin Diamond.
bitcoin gold and bitcoin diamond offer smart contract interoperability, right?
0xbtc is dead, long live bsov, Worlds First Mineable & Deflationary Token
btcsov.com
telegram @BitcoinSoVCommunity
sorry, 0xbitcoin is already deflationary. maybe you could lay claim to first hyperdeflationary if it's that important to you
>502 Bad Gateway
nice
>0xbtc is dead, long live bsov, Worlds First Mineable & Deflationary Token
lol. the guy who created BSOV was in the 0xBitcoin discord like 1-2 weeks ago begging people for help to copy 0xBitcoin and launch BSOV.
i hope BSOV is successful. it's a twist on a good idea, so it might pan out as a good idea itself.
even with two closely related tokens like 0xBitcoin and BSOV, the crypto market is still young enough that it's not a zero-sum game. so the success of one doesn't necessarily steal from the success of the other.
but it has a long way to go before it has anything close to the momentum of 0xBTC (as far as hashpower, organic community growth, etc.).
and 0xBitcoin will always be the first pure mined token on Ethereum. we'll have to wait and see how much that first-mover advantage is worth.
>>I'm glad we agree that 0xBTC has the same value proposition as Bitcoin Gold and Bitcoin Diamond.
>bitcoin gold and bitcoin diamond offer smart contract interoperability, right?
they purport to be working on adding smart contract stuff.
to compare that to 0xBitcoin is kind of a joke. 0xBitcoin is a smart contract. it is already interacting with dozens of smart contracts in respectable volumes every day (mainly mining contracts and DEXes).
>>>0xbtc.store
Bad Gateway
>nice
yeah, sucks. it's just some guy's project to sell physical items for 0xBTC. maybe somebody DOSed it, or more likely it's just buggy. glad he's working on it even if it sucks right now.
surprised nobody brought up WBTC yet.
[spoiler]it's a centralized IOU piece of shit but massive retards love it[/spoiler]
hello, are there any 0xBTC haters that actually have a decent argument? where did you brainlets go?
I am surveying northern India right now from a helicopter I bought using profits from TRX and from this vantage point I can literally see with my own eyes that 0xBitcoin is a Pajeet. I can see it, I am seeing it right now. It's over. I can also see clearly 0xBitcoin is an FPGA. You can't even buy ketamine with 0xBitcoin
>no way, too illegal
this is the difference between 0xbitcoin and bitcoin. original bitcoin community has balls instead of a vagina
i think you have a problem with clear thinking. satoshi didn't run silk road or alphabay. of the bitcoin community, approximately 0% of its members did anything like that. do you do anything like that?
>this is the difference between 0xbitcoin and bitcoin. original bitcoin community has balls instead of a vagina
it's amusing to see you newfags try to think about crypto. silk road started around early 2011. Bitcoin was a bit over 2 years old at that point. 0xBitcoin is not that old; it's about 1.5 years old. so i guess before silk road started, you would have been calling BTC proponents pussies for some reason.
anyway, why use 0xBTC for selling drugs? use XMR or Zcash or whatever for that, it's a much better fit.
0xBTC is a store of value with the same value mechanics as Bitcoin, and it's natively compatible with any Ethereum smart contract that wants to use it. i think it's much more likely to be used for legal and semi-illegal stuff (normal p2p payments, gaming, maybe some gambling).
It must hurt your pride a bit that the market has decided a centralized IOU piece of shit is more valuable than 0xbtc.
I made my point a few times but you keep Gish gallopping about why PoW provides scarcity. Until you can understand that scarcity and the ERC20 feature set are not enough to provide value, absent any other compelling reason to use the token, you will continue rambling on about tangentially-related points.
> just go read the contract if you can even understand it
I told you before: your attempts at condescension don't work on me because I actually know what I'm talking about. Like everyone else who can write Solidity I recognize that the 0xbtc experiment is worthless... which is why it has no respect in the Ethereum community and no apps will ever adopt it (apart from the ones you and your fellow 0xBTC developers create yourselves).
Now why don't you be a good shill, and go ahead and write another pretentious blog post hinting that 0xBTC has the potential to be the next Bitcoin.
>It must hurt your pride a bit that the market has decided a centralized IOU piece of shit is more valuable than 0xbtc.
not at all, it's to be expected considering the public's technological illiteracy, and endless marketing campaigns funded by icos.
>scarcity and the ERC20 feature set are not enough to provide value
you don't understand value. it's not provided from inside, it's assigned from outside.
>absent any other compelling reason to use the token
it's like bitcoin, except it's much faster and much more flexible.
>Like everyone else who can write Solidity I recognize that the 0xbtc experiment is worthless
you seem to be claiming agreement with everyone who can write solidity, but that's obviously false. are you unable to tell it's false?
>I made my point a few times but you keep Gish gallopping about why PoW provides scarcity. Until you can understand that scarcity and the ERC20 feature set are not enough to provide value, absent any other compelling reason to use the token, you will continue rambling on about tangentially-related points.
you say i'm gish gallopping, but i'm making one central point, the same one you admit: PoW provides scarcity, ERC20 provides compatibility.
it's not gish gallopping to answer other people's questions about Bitcoin Gold, etc.
you are stating things like "0xbtc experiment is worthless" and "no apps will ever adopt it". these are crystal-ball predictions. you could have made the same claims about any crypto project that became popular before it was popular.
0xBitcoin might or might not become a significant store of value. the fact that it duplicates Bitcoin's value mechanics on Ethereum does not guarantee that it will. but all it has standing in its way is that it hasn't been adopted yet. again, the same is true of any project at some point.
>hasn't been adopted yet
that said, people have spent on the order of $1m USD mining 0xBitcoin. so adoption is there and increasing, just still quite early.
>Now why don't you be a good shill, and go ahead and write another pretentious blog post hinting that 0xBTC has the potential to be the next Bitcoin.
btw, i have never written a blog post on 0xBitcoin. you are confusing me with someone else.
>you don't understand value. it's not provided from inside, it's assigned from outside.
>no use
>no unique features
>no adoption
>no trade volume
>no development
Those electricity bills must be high, Hadji. I am sure someone will fall for this old scam.
hey, dude, need you to read the thread and say something new please, or provide some new verifiable facts or something.
>Hadji
cool, a racist ad-hominem
>scam
go ahead and explain the scam rather than just calling it a scam (you can't, or you would have already)
wow, you're pretty good at pasting that text over and over.
>>no use
infinite potential uses. it's a smart contract native to ethereum and can interact with any contract that wants it. ethereum is by far the best global provably secure distributed computer. so there's that, for starters.
>>no unique features
it's the only ERC20 mineable that duplicates Bitcoin's value mechanism, and it interacts with Ethereum smart contracts. it's the only token that intersects those two properties; it's unique. (not counting copy+paste clones with no hashpower.)
>>no adoption
do you only invest in projects once they are heavily adopted? must be why you're so rich.
>>no trade volume
debatable. volume looks like about 100% of the market cap per day ($1m), but we don't know how much is wash trading. market depth is low. but again, you can't be scared off by small volume and low depth if you want to invest in projects before they get big. it's just mindblowing to me that you don't understand that fact but purport to be fit to talk about cryptocurrencies.
>>no development
the 0xBitcoin smart contract is 100% finished, forever. that's by design. it was launched, open for mining with no pre-mine, and people have been mining it like crazy for 1.5 years. we are over 10 terahashes/s now. the mining difficulty is 1.3 billion times what it was in feb 2018.
>it's not provided from inside, it's assigned from outside.
Correct. And PoW + ERC20 compatibility will not be enough to convince people this is valuable. 0xbtc provides nothing unique, except an inefficient distribution mechanism. 0xbtc has the same claim to value as every almost other ERC20: there is a predictable supply and tokens can be transferred. That might have been enough a few years ago but the market is saturated with ECR20s now.
I'm referring to your essays here.
I'm going to stop replying and inadvertently bumping. Looking forward to the next essay, people like you always want the last word.
>0xbtc has the same claim to value as every almost other ERC20: there is a predictable supply and tokens can be transferred.
0xBTC's claim to fame is that it is the first pure mineable proof-of-work ERC20. why are you ignoring that point? virtually all other ERC20s are monarch tokens, many of them raised via ICO.
that is not "the same claim to value as almost every other ERC20".
"inefficient distribution mechanism", lol. i guess you prefer the distribution mechanism where some monarch says, "i'm selling 1 million zuckbucks for 1,000 ETH", and then you just buy them right from his website. pretty efficient. but it's total shit.
proof-of-work MUST be "inefficient". if it's not total "waste" of energy, then mining doesn't signify actual belief in value.
>I'm going to stop replying and inadvertently bumping. Looking forward to the next essay, people like you always want the last word.
convenient. i guess it's just coincidental that you've run out of arguments.
>Looking forward to the next essay
happy to oblige by way of a thought experiment:
what if you had a new "mineable" called 0xBurncoin, and the contract works like this:
- there are 21 million 0xBurncoins
- you call `mint()` on the contract, transferring `amount` of your ether with the call
- the contract accepts your ETH, as well as the ETH of many other people
- all ETH it receives it immediately transfers to 0x000...000, irreversibly burning it
- once every 50 Ethereum blocks (approx 10 mins), the contract adds up the total ETH it received, divides by the amount each sender sent, and gives the corresponding proportion of the 0xBurcoin reward to each sender.* that reward is 50 0xBurncoin (divided proportionally amongst the senders) at the start, and halves just like Bitcoin/0xBitcoin.
how would this be worse or better than the way 0xBitcoin and Bitcoin distribute the block reward by the amount of hashing done per block**? both 0xBurncoin and 0xBitcoin/Bitcoin require provably destroying something of value in order to demonstrate proof-of-belief-in-value and receive a share of the block rewards.
but you might think 0xBurncoin is better because it is more "efficient".
i think 0xBitcoin/Bitcoin are better. prove me wrong. bet you can't.
* technically, the distribution would happen for the previous block on the first call for the next block, but forget implementation details
** when averaged over many blocks
This, mining is just another part of the whole supply/demand game for 0xbtc's economics.
If mining gets too expensive people will prefer to buy on exchanges if they want some 0xbtc. Or, if the price is hyped too much on exchange people with cheap electricity can mine some tokens to sell it protitably on those exchanges.
It's literally the best way to introduce a supply of 21million coins organically without one central entity controlling the whole supply at one point.
well thats gay. i thought it was going to a pseudonymous global internet currency as well as that. fucking gay as fuck
shrug, eth mixers are starting to emerge, like heiswap. erc20s benefit from that without doing anything.
0xbtc is a pajeet confirmed!
fucking gay pajeet fpga scam token! retard shill useless scam coin!!!!
ITT: brainlets not realizing when we created 0xBTC we named it based on its eventual value and use case. 0 x BTC.
Can’t believe people are still talking about this. I made about $50k from it though selling the top. Get used to those bags. :)
yes fellow pajeet, they do not realize this is a scam token! the writing is on the wall, 0 x btc = 0! xD
>when we created 0xBTC
what part did you do, exactly?
>he hasn't realized 0xbtc is a Jow Forums created fpga miner scam token
yeah, i haven't realized that because, why would you even think that? please explain why you think that, if you actually do.
Jesus Christ, Hadji, have some self-respect! Watching you shill this shit day by day is beyond pathetic. All the oldfags have already made money out of this scam and there are barely any newfags on this board. Why do you even bother? Just go to Jow Forumscc and shill th-- Oh, that's right, you can't.
this is like 7th-grade level taunting. please provide logical arguments and/or verifiable information or be quiet so we can have a conversation. thanks
scam token!
use meaningful words, if you can.
SCAM TOKEN!
i am an actual FPGA and i can testify that biz really did create 0xbitcoin
finally some evidence!!