Public Service Announcement

Buyer beware. The miners of this thing are doing a coordinated propaganda effort. Why the coin is stupid: uses "mining" to distribute the coins, but the network is secured with Ethereum miners. If you understand how blockchain is supposed to work, you'll immediately recognize the towering stupidity of this concept.

(If you don't understand blockchain, watch: youtube.com/watch?v=bBC-nXj3Ng4)

On the other hand, this market is about 90% stupid, so you might wind up making money, via the greater fool principle. Just understand that is *all* this is.

Full disclosure: I mined this thing for a while myself a few weeks ago -- I have nothing to gain by telling you this.

Stay safe.

Attached: shillCoin_B.png (324x323, 16K)

Other urls found in this thread:

medium.com/@0xK/the-what-the-why-and-the-how-of-0xbitcoin-5c635fe2df6b
twitter.com/SFWRedditGifs

So glad I bought at 0.0003 and dumped my entire stack on you faggots at 0.002

The team is forward about the fact that mining is just meant to secure the "decentralized distribution" of the coin, rather than any network. So the question becomes: do you believe PoW mining is worth ensuring a fair, decentralized token distribution system? Maybe, maybe not. But it's an interesting idea to "solve" the current ICO problem. There's a great article that the SIAcoin team wrote about how ICOs have a completely fucked up incentives system for the founders. I could go on about how the trend of negative attitudes towards ICOs bodes well for this token, but I'll just sound like a shill (I'm sure I already do).

WHERE THE FUCK ARE THE MODS?????

I don't think you know what you need to know in order to form an informed opinion.

WRONG

please read this OP
medium.com/@0xK/the-what-the-why-and-the-how-of-0xbitcoin-5c635fe2df6b

SIGT 2.0

sums it up perfectly. thanks OP

You're an idiot if you think OP is correct.

if you brainlets haven't noticed, every big project is scrambling to get away from mining and to a POS model as fast as they can

This needs to be given more attention.

0xBTC is the pure definition of a scam, buy this shitcoin and you will be left holding bags.

>then they fight you

Attached: satoshis_vision.png (512x768, 749K)

Its scam just like every other scam.

But if you are first it works.

Problem is, you are no longer first.

or even early

Are you aware that your awful attempt to shill this shitcoin is actively driving away anybody who might otherwise ‘invest’ in this scam?

Literally the most obvious shill I’ve ever seen on Jow Forums and that’s saying a lot.

>you might wind up making money, via the greater fool principle
Biz IS the greater fool.
It's a tower of toilers, and you're on the ground floor.

Stupid pajeet cunt, fud more so you can accumulate. Go read about what this thing is trying to achieve before brainless fud.

*toilets

>medium.com/@0xK/the-what-the-why-and-the-how-of-0xbitcoin-5c635fe2df6b

OK. I read the article. I didn't see anything fundamentally new there. We may just have to agree to disagree. The original Bitcoin paper, by Satoshi, explains the point of mining: to secure the network. Miners get paid in new coins and transaction fees. In exchange, the network is safe from fraudulent transactions. Distribution is just a logical consequence, not the underlying reason.

And when I said there is a sudden explosion of propaganda: obviously there is.

Its 100% the miners trying to generate buyer.

Nothing wrong with the coin if you are interested in mining but paying over 12 cents per is plain retarded.