It's fairly straight forward: once Ethereum goes proof of stake (expected to happen within the next year), 0xBTC will become the only proof of work currency with a decentralized distribution that can be used in trading pairs with other tokens on the Ethereum network.
Obviously, tokens issued in ICOs lack the fair distribution that would allow them to be effective for trading into other tokens (look up any token on etherscan and view its token holders page -- you will never find a token other than 0xBTC where the top 100 owns less than 60% of all tokens). Additionally, 0xBTC has advantages over "stablecoins" or stable tokens in that there is no third party to worry about. See Tether for example: it's unclear if the founders of Tether actually have enough USD to back each Tether. 0xBTC avoids that human point of failure by being autonomously distributed through a PoW-mining system. The 0xBitcoin name isn't just for kicks -- just as Bitcoin functions as a PoW entry into purchasing other coins, so will 0xBitcoin function as a PoW entry into purchasing other tokens.
One last point: proof of work mining is not meant to secure the network, it's meant to distribute the coin fairly. Often times I see people critique 0xBTC by saying that PoW mining is a waste as it's not securing a network. Again, the PoW mining is meant to ensure fair distribution (just as it does for BTC), which thus makes 0xBTC an attractive option to pair with other tokens. As of today, 0xBTC's most obvious use case is as a trading pair for other tokens once Ethereum goes proof of stake. However, there are other developments going on with this project that you should investigate here or on the discord.
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.
DO NOT UNDER ESTIMATE THE POWER OF POSITIVE THOUGHT! ESPECIALLY COLLECTIVE POSITIVE THOUGHT!!
THIS SHIT IS GOING TO REACH $1,000 EASILY! HOLD THAT THOUGHT AND VISUALIZE IT IN YOUR MIND EVERYDAY AS OFTEN AS POSSIBLE STARTING NOW AND IT WILL MANIFEST INTO REALITY. DO IT! I'M NOT JOKING!
VISUALIZE AS OFTEN AND AS DETAILED AS POSSIBLE!
Christopher Sanders
>the PoW mining is meant to ensure fair distribution
It isn't any more fair that an ICO. In ICOs those who buy more tokens get more tokens. With 0xBitcoin those who do more proof of work (ie better hardware), get more 0xBitcoin.
At first glance it may also seem true for Bitcoin but miners are not rewarded purely for the Proof of work, they are rewarded for SECURING THE NETWORK, which is done via proof of work.
Those whom contribute the most security to the Bitcoin blockchain are rewarded the most. Proof of work is a mean to this end.
>proof of work mining is not meant to secure the network, it's meant to distribute the coin fairly then it failed miserably, because pajeet discords have mined this coin for months proof of work as a distribution model already failed with the original bitcoin... you're clinging to things you don't understand like religious people follow the rites they've been told to follow
Asher Wilson
I have to disagree. Not everyone can participate in sketchy ICO's where a high percentage of them are scams or sell to insiders for a lot cheaper than a normal buyer. Obtaining a token through mining is much safer and more fair with this method of distribution. If you look at the current distribution of tokens, there are hardly any "whales" and is much more evenly divided compared to almost any other coin.
Colton Young
Ok then let's stick with the current model of creating ethereum network tokens out of thin air and selling them through ICO's which are scams 90% of the time.
Sure it has some use cases such funding a company to develop a coin, that is if they are legit, but totally decentralized distribution of a token through mining is a completely viable option.
Henry Gomez
Though they may be rewarded for securing the network they are required for the a network to stay alive. So what happens when there are not bitcoins left to mine? Only those with with cheap electricity and powerful machines will be able to keep it alive. 0xBTC could lose all its power and still survive something that BTC can not do.
Connor Fisher
>pajeet discords have mined this coin for months no one holds more than 0.82% of the supply the top 3 holders are exchanges only 5 others hold 50k or more.
Wyatt Sullivan
I think you're misunderstanding a little bit. ICO's are meant as fundraising for the devs, and are a one time event. Mining ensures that anyone can join at any time and they will be rewarded proportionally for the resources they put into mining. The non-speculative price of 0xBTC is inherently economically linked to mining, and is therefore both more stable and has a basis for value on a week to week basis. ICO's generally hold no non-speculative value and therefore are unfit to be store of value tokens.
Angel Sullivan
There are over 100 years left before Bitcoin is fully mined.
Fees from mining still would exist (provided Bitcoin hasn't radically change).
It is unknown how cheap electricity will be or how powerful computers will be by this time.
Bitcoin is likely to change significantly by this time (if it even still exists). The same can be said with Ethereum.
Ayden Ramirez
binary thinking is retarded, there's an infinity of models you can choose from but for the record, the ICO model is still superior than PoW for fairness, as long as it's an actual ICO without presale or year-long duration we all know 0xbtc is a scam too, so that particular word is really not one you should leverage at others (although of course, the oldest trick of the conman is to divert attention elsewhere)
Luis Thompson
>we all know 0xbtc is a scam too explain how it is a scam people keep saying it but no one has anything to back it up with
Justin Hill
Its no more a scam than any other minable coin.
Luke Harris
100 Years to fix the energy crisis or have the ability to remove the energy crisis entirely? To remove it is economically more friendly.
Ethan Thompson
It literally can't be a scam since "scam" implies you're being cheated out of some fair agreement. An ICO can be a scam because you were mislead about the prospects and potential of the product in order to enrich developers.
0xBTC can't be a scam since it's pure mined. The devs literally have no more power over this token than you or I do. The contract is public and immutable, it cannot change and if you don't like it don't invest. if you do like it, you are guaranteed as long as Ethereum exists that the contract will not change.
Mason Wood
That's kind of like calling BTC a scam in the early days. You know it's just a protocol right? A series of codes used to distribute some chosen electrons.
Jaxson Ross
Doesn't 0xBitcoin's proof of work use electricity too?
Wyatt Williams
>there's an infinity of models you can choose from
Not being brash, but can you give me at least five different examples of distributing ethereum network tokens other than airdrops or ICO's that have been successful in the past if there really are that many different models of distribution? Genuinely curious. Preferably ones that are better, safer, and more fair than distribution through mining.
Bentley Phillips
Yes but after every coin is mined it doesn't require a network in order to sustain itself unlike bitcoin. After every coin is collected it lives within the Ethereum ecosystem essentially removing all the power problems that BTC has in the commining years. The only thing that would be needed to sustain 0xBTC would be ETH miners.
Evan Phillips
>implying the very same pajeets who mined this shitcoin arn't the ones shilling it on Jow Forums right this very moment
Carter Evans
I mined 16 of them when they first showed up on this board and the quit because Jow Forums fud. I would have at least 30 right now.
Liam Gomez
see
Isaiah Brooks
why cant someone else just make a better mineable eth coin like right now
Brayden Ramirez
they did. it's called 0xBTC. you're in a thread about it right now.
Thomas Sanchez
yeah fucking biz fud. i have no idea hwo to feel about this coin.
Ethan Ramirez
well, the price is down a bit. buy in or don't. you're a big boy, you can make decisions.
Joshua Morris
Already did I just realized it was people who have lost so much money in projects that are salty as fuck. If you really wanted to fud a coin you'd give some reasons and point out holes without boiling down to "pajeets, retards, and Muh stack"
James Howard
I made it to 54 before the Difficulty got to high for me. And the the ddos's
Ryder Miller
STOP SHILLING THIS CRAP REEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
Lucas Murphy
>if it hasn't been done before it can't be done >give me a couple hours of free labor i will then nitpick endlessly what is it with you discord pajeets and your reddit tier brand of passive aggressiveness and flawed logic? ideas don't spontaneously become reality, especially when there is little incentive for "fairness" in the current space at the current time. whether ICO con artists or discord pajeets, there's too much dumb money on the table begging to be fleeced
Christopher Diaz
>literally no point or argument
>can't even come up with a theoretical solution after claiming their are an infinite amount.
If you're going to make some outlandish claim then at least back up with facts or examples and not autistic insults.
Landon Roberts
I second this claim to any other fudders.
Daniel Lee
I made the original link one and the 0xbtc one faggot stay salty you didn't get in sooner
Mason Wilson
This toxic post is nothing but proof this coin will dump.
Elijah Richardson
As far as i can see the only toxic people here are the fudders.
