Will 0xBTC ever be worth something substantial?

Will 0xBTC ever be worth something substantial?

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Other urls found in this thread:

enclaves.io/trade/0xBTC
reddit.com/r/0xbitcoin/
tokenhashrates.github.io
forkdelta.github.io/#!/trade/0xBTC-ETH
keccak.team/2017/is_sha3_slow.html
ethplorer.io/address/0xb6ed7644c69416d67b522e20bc294a9a9b405b31#tab=tab-holders
0x1d00ffff.github.io/0xBTC-Stats/?page=stats&
ethereum.stackexchange.com/questions/2404/upgradeable-smart-contracts
twitter.com/NSFWRedditGif

>pic very related

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Dear Reader,

The Jews have yet to approve this coin for Jow Forums shilling. We are still in accumulation phase. This is your first and last warning.

Regards,
Bershnickle

Dude, it's fucking 1M cap right now, easily shill-able, and very unique. If you don't think this is going to a 50-100M market cap by the end of May after it gets on CMC you are seriously fucking retarded.

Get in.

>cult of lies makes statement

>moon mission already started

Shut the fuck up, im still accumulating Chainlink

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Grip this, parse 20X short term gains into Link.

Comfy 15k bags here. Who millionaire next year or two?

Hope you mean multi-millionaire. I want to see this thing go to at least $1000.

Still only on fork delta?

there are almost no sell orders, and more buy orders? Explain this, it looks legit.

you are unhappy about buying in at a slightly higer price than people who put the effort into finding this goldmine

Early miners dump stuff for profit : News at 11.

If this sways you from buying a literal 1M market cap, super unique project that nobody really knows about yet, you are fucking up huge.

As always, Biz will FOMO in at 5-10x.

See DAN.

See TOMO.

See Masari.

See every project ever.

Bags, this had never been easy to mine mate...

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Anywhere you can buy it is cleared out, wtf

Bought 3k right before the sell books disappeared and shot way the fuck up. Anything but linked and we're golden faggots

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try Enclaves io

Yes. Just added more. Had 1k, went to 2k, The way I see it, at these prices I can afford to be the pizza guy who got all that Bitcoin on the cheap

forkdelta.github.io/#!/trade/0xBTC-ETH

I doubt it. There is no reason anyone will want to use 0xBitcoin as a currency over Ether, other tokens, or other cryptos for that matter.

The lack of ASIC-resistance makes this questionable from the start. If the token takes off, ASIC's will ruin GPU miners and monopolize mining rewards. An ASIC will be easy/cheap to develop and massively more efficient than GPU's since SHA3 is not asic-resistant. Later "forking" an ERC20 token is messy. Huge flaw.

Kekkak is extremely efficient on ASIC's too. Literally designed to be ASIC-friendly. From: keccak.team/2017/is_sha3_slow.html
>Keccak, the winner of the SHA-3 competition, is blazing fast when implemented on dedicated (ASIC) or programmable (FPGA) hardware. Its throughput for a given circuit area is an order of magnitude higher than SHA-2 or any of the SHA-3 finalists. And if you care beyond plain speed, note that it also consumes much less energy per bit. In this sense, Keccak is a green cryptographic primitive.

At best, this is a miner's token for speculators to make a quick buck. I can see this rise in value for a bit as miners take interest, then the reality of *no adoption* will set in, and the token will disappear into irrelevance. Otherwise, an ASIC will be developed and ruin any sense of fair distribution, killing the token's purpose and price.

Current ASICs are inferior to GPUs in ROI for mining 0xBTC.

An ASIC developed for 0xBitcoin's Kekkak-256 will mine at >1000x the rate of GPU's.
That's the problem. A single ASIC manufacturer can easily monopolize 0xBTC's rewards if they so desired.

Better crypto algo's like Ethereum's Ethash are designed to be ASIC-resistant, so even if an ASIC is developed, it can't be too much better than a GPU. Kekkak-256 is designed to be ASIC-FRIENDLY.

The final problem is 0xBTC's inability to cleanly fork. It's stuck with a poor choice of algo from the start.

Once Ethereum goes PoS, and scales, then you will want something as immutable, decentralized, deflationary, and PoW-mineable... which can actually be used as currency.

Don't trust the tardfag above who has no idea how crypto works.

0xBitcoin

To hammer in the point, the *main purpose* of PoW mining for 0xBTC is fair, decentralized distribution.
That cannot happen with an ASIC-friendly algo. This is some basic shit.

>ASICs will monopolize mining rewards
Does this not already happen with bitcoin?

Yeah man it totally killed bitcoin didn't you see

Plz someone sell

>Kekkak-256
When there will be an ASIC capable of this, we will see its effect. ASICs are not profitable with 0xBTC. Who knows what the future holds.

nobody is going to develop an ASIC unless this coin hits a market cap in the hundreds of millions. At that point anyone in this thread is already on the gravy train

n o b o d y
c a r e s

i'm getting goosebumps. Someone bought the whole Enclaves order book. This is like those threads about ETH at $1.

Thx, bought 100k

this is fucking retarded. It is just an erc-20 token. same as any other. Quit starting a new shill thread every time your last one gets shit on. "mining" in OxBTC serves no purpose other than distributing coins.

that block rewards are a good way to evenly distribute coins (debatable in the first place - see Jihan Wu) is secondary to why these block rewards exist in the first place. Block rewards and coin mining exist as an economic incentive to entice people to devote computing power to securing the network and performing consensus/processing blocks. This is the whole point of PoW and the reason it provides value to its respective network is because it provides Sybil defense which ensures the network is uncensorable (and thus valuable).

With 0xBitcoin there is no need for this economic incentive because there is no network to secure. It is simply running on ethereum which is secured by Eth miners. With PoW coins like BTC more hashpower brings more value to the network (increasing the coin price) because the network becomes more secure. With 0x more hashpower does nothing for the coin itself since the mining does nothing but distribute the coin. There is no reason 0x requires mining; it could exist entirely as is (as an erc20 token) without this mechanism.

It did. Now some Chinese factories own the mining of bitcoin. Distribution of bitcoin is no longer decentralized.
Bitcoin at least had the advantage of being first.

No sane, new coin tolerates ASIC's. Monero hard-forked to add ASIC-resistance. Every new mining coin is ASIC-resistant...except for this token.

>ASICs are not profitable with 0xBTC. Who knows what the future holds.
ASICs don't yet exist for Kekkak-256. But we know when they do exist, they will be massively more efficient than GPU's. It's how Kekkak was designed.

At least you admit it's good for short-term speculation. The long term makes no sense when ASIC's will inevitably take over.
Plus developing an ASIC for Kekkak will be relatively easy/cheap. ASIC's are hard to design for ASIC-resistant algorithms. Kekkak devs had the opposite in mind.

airdropping 0xBitcoin to everyone with a Binance account would serve the same purpose as mining and actually distribute it more evenly.

0x is basically one of those shitty meme erc-20 tokens like jesuscoin or Jow Forums coin. They aren't utility coins. They don't do anything. Ether is the currency of the Ethereum Network it always will be, especially because it actually has utility - as gas on the network. If ether didnt do anything it wouldnt be worth shit

while what you say has a little bit of value, i believe there's a lot yet left to discover.

also : NONE OF THIS MATTERS. Nobody cares about this shit. See : Tron. See, everything everybody owns.

This is going to 1000X, and there's not much your long-winded rants can do about it.

...except tron is a centralized piece of shit, and 0xBitcoin has no user with more than 1 % of the total amount due to using PoW mining

You have a whale who owns 8% of the circulating supply.

Link? You know blockchains are public, right?

ASICS will be decentralized like GPU mining when Bitmain loses it's monopoly on it.

0xBTC whales: ethplorer.io/address/0xb6ed7644c69416d67b522e20bc294a9a9b405b31#tab=tab-holders
Top holders have: 185k, 100k, 73k, 37k

0xBTC stats from: 0x1d00ffff.github.io/0xBTC-Stats/?page=stats&
Current circulating supply: 2,127,800

So top holders are: 8.7%, 4.7%, 3.4%, 1.7%

Some people probably have their tokens split over multiple wallets too. This token was not well advertised at the start. The early miners have a fuck ton.

i care

Just realized num 1 is an exchange. My bad, Ignore that one.

you are a fucking brainlet. it's fucking Forkdelta wallet exchange who holds

Uhhhh.. have you ever looked at those "top holder" lists before? This looks really good to me. I don't think ive ever seen one so spread out..

Biggest holder having 4.7% circulating is a lot. Still it is better than ICO tokens where founders hold 10+%.
Better comparison would be to xmr and other mined coins.

when diff goes higher and higher, this will be lesser and lesser.

this token is not even a half year old braintlet.

it's barely a few months old. not on CMC. not even on a non-pajeet exchange.

stoked.

You've got whales big enough to still be whales in 2 years.

You should be buying PFR instead of whatever crap youre holding. Their mainnet comes out on April 30th. Do you realize that Localbitcoins now has KYC? Do you understand that once PFR is out, people will all jump ship to avoid having to upload documents? People kept doubting the project but these guys deliver. Do you want to be poor forever.

More like ethereum at 0.05 USD.

this

just bought £100 worth. 0xBTC and UUU are my shitcoin gambleshots.

I just bought £50 worth

Fuck, i'm gonna FOMO too

actually I lied, haven't bought any yet as i'm trying to figure out how this Meta Mask shit works. I've got £10 worth of ETH as a test, but if it works then i'll put in the other £90.

How do I buy on this exchange? never used it until now. Have I got to move ETH funds from the Meta Mask thing to a second account on Enclaves?

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Don't fomo idiots, literally nobody know this shit yet. The price increased only because of all the faggots on this board cleaning the sell book, take a deep breath let miners drop prices again and slowly accumulate again.

In a few weeks we can start the reddit shill.

This was originally shilled and announced on Reddit. Tougher to shill new coins there since posts are less visible

>it's an erc20 token
>it's distributed based on your hash power
that's basically it. you're not even mining anything as the hashpower is not used to secure transactions, basically wasting electricity.
seems like early "miners" filled their bags and are now on a coordinated shill campaign trying to ride on the recent pump

boys how the fuck do I use this shitshow of an exchange?

Yes i know but it has only 395 suscribers, barely any mention on any subreddit... we can do it with subtle shilling going on dailys for example. This will gauge interest fast, as far as shitcoins goes this is A tier, we dont need shillwalls on r/criptocurrency.

wait a few days though until ive bought in. thanks user.

is it better to pool mine?

I bought mine of Fork Delta which is still shit but easier to use than Ether Delta

Am I missing something
What is this coin used for. All I see is a stupid logo. Is this a greater fools coin like 99 percent of the market where you hope you can dump on someone at 2x the price. And he does the same?

Yes

Nope, it comes really close to the original bitcoin, but on Ethereum. This is an entirely smart contract and is exact the same as bitcoin.

The mining software, pool software and projects around 0xBitcoin are still in early phase.

Don't buy it, I want to drop my bags atleast 2$ when you FOMO in.

I'd buy it if it was on Binance
I refuse to gamble on new coins
I learned my mistake from new releases on kucoin
Enjoy your 1 in 100 chance of this coin becoming profitable

God I wish the logo wasn't drawn by a child

ASIC resistance its a problem for bitcoin as well, but if more people start building ASIC and ASIC begin to compete with eachother isnt it like GPU competing with eachother? we just have to hope that companies like halong start competing with bitmain.
"Nothing is completely asic resistant. It's just a question of ROI."

it will be on Binance one day, but i will load my profitable bags on you.

it's already profitable for me, mining this. enjoy buying Nano when it came on Kucoin. it fucking dumped when i bought.

this user gets the ASIC fud/maymay. *tips fedora*

THIS IS AN ERC20 TOKEN, THEY CAN CHANGE THE ALGORITHM WITHOUT FORKING

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Guess who's continually not fucking selling? US.

are you fucking retarted? the contract cannot be changed. it's not forkable, and they cannot fork this shit

CONTRACTS CAN BE CHANGED VIA CALL CODES
ethereum.stackexchange.com/questions/2404/upgradeable-smart-contracts
ARE YOU "RETARTED"

ontracts deployed on a blockchain are immutable, so this means:

address and code of a deployed contract cannot be changed
deploying a newer (or even identical) contract will create a new address
code cannot be added to a deployed contract

fucking brainlet

ok, now ur just trying to bait me

have a nice day sir, here's your (You(

wow another person calling other people retarded when he has an extremely superficial understanding of what he's talking about. look up modifiable storage and stop embarrassing yourself

Price EOY?

whatever your mom whispers into my ear after I impregnate her

/thread

20$

$190 - $490

STOP BUYING REEEE
Let me buy the cheap coins
stop posting 0xbitcoin threads on Jow Forums faggots
keep it low

>moons violently
>still under 1 million market cap

did biz, dare I say it, buy low for once?

They're learning

Bought my first 250. Comfy as fuck.

I have a large amount of 0xBTC now. Feels like comfy shazshine.

How much is a large amount?

4,000