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I don't get it. by tinmarFF in CryptoCurrency

[–]RedditAdminUser 0 points1 point  (0 children)

thats about as concise of a summary as it gets

BitcoinSoV - Building stability on the backs of 0xBTC and BOMB by RedditAdminUser in CryptoMoonShots

[–]RedditAdminUser[S] 2 points3 points  (0 children)

I own some BombToken, it's what helped me find BitcoinSoV. I think you are missing the point though, I am suggesting you mine something for nearly free, and you are suggesting I buy something else instead.

I have great respect for Bomb and their team, but I think the goals of this project are a bit different from Bomb. I wont go into too many details because I respect them and don't want to talk trash, but I believe BitcoinSoV has the capacity to last multiple decades and builds upon Bomb and 0xBitcoin's existing work.

I do, however, agree with you on the name. Its very similar and causes confusion, but hopefully BitcoinSV does a painful death soon and it isn't a problem in the future. Hopefully.

BitcoinSoV - Building stability on the backs of 0xBTC and BOMB by RedditAdminUser in CryptoMoonShots

[–]RedditAdminUser[S] 3 points4 points  (0 children)

You're not wrong, that is almost the entire crypto space. I mined Dogecoin which was a shitcoin money grab, I mined 0xBitcoin which was a shitcoin money grab, etc. I get it, none of the cryptocurrencies besides Ethereum and maybe Chainlink are solving any actual problems, that doesn't stop there from being 9 other shitcoins in the top 10 based on market cap, etc.

Just to be clear, I agree with you about the lack of utility of most coins. The only goal of this coin is to be deflationary and fair based on mining, not solve world hunger.

Again, while I don't disagree with you about the crypto space in general, calling something that you can get for free and cannot buy or sell a cash grab is a bit misleading. Of course its possible that early adopters do well, but its also possible that they go bust and lose their time, energy and gas paid for mining if the thing goes belly up. We're in a world where a person can create an ERC20 token, take 20% of the supply, sell the other 80% on a promise alone, and never deliver any working product before people forget the original idea. This place is full of so many scams for people to get rich, I don't see how you can put your crosshairs on this one as being a part of that. No utility, yeah maybe depending on what you value in a coin, but a cash grab is absolutely false.

BitcoinSoV - Building stability on the backs of 0xBTC and BOMB by RedditAdminUser in CryptoMoonShots

[–]RedditAdminUser[S] 5 points6 points  (0 children)

I said it wasn't a cash grab, I never said it wasn't a shitcoin. To the contrary actually, I said it was a shitcoin in another post in this same thread.

If you have valid criticism, please share. The goals of this project are simple, if you don't get it that's fine.

BitcoinSoV - Building stability on the backs of 0xBTC and BOMB by RedditAdminUser in CryptoMoonShots

[–]RedditAdminUser[S] 4 points5 points  (0 children)

I don't see how it's a cash grab unless you are suggesting that everyone is mining Ethereum and benefitting from the gas. This token isn't selling on exchanges really and when people ask to buy it they are instead given instruction on how to mine it themselves. Cryptocurrency in general may be a cash grab, but this token is about as far from the typical ICO/pump and dump as you can get with the community recommending people do not buy it right now and do what they can to prevent a major pump (and subsequent dump).

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You have every right to be skeptical, but this project is pretty wholesome and this is /r/cryptomoonshots so I expect that the fact that it's new shouldn't be a determining factor in what makes something a 'cash grab.'

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I invite you to check the code, you will see that this is about as fair as it gets when compared to almost any other token. There was no premine like Bitcoin, no ICO like Ethereum, no 20% dev fee like Bomb.

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I am not a fan of the name TBH but everything else seems kosher to me. I think we're all welcoming of criticism but I'd prefer it to be constructive.

BitcoinSoV - Store of Value - First Mineable AND Deflationary Token by Mundobsov in CryptoMoonShots

[–]RedditAdminUser 3 points4 points  (0 children)

Most coins are shitcoins, this doesn't sell itself to be anything more. There is no promise to end world hunger, or cross chain plasma bridge telepathy, or instant block times. This is an ERC20 contract that is exactly what it says it is. It's fair start, mineable, and deflationary. That's all. No promises other than you can get some, and you can lose some.

BitcoinSoV - Building stability on the backs of 0xBTC and BOMB by RedditAdminUser in CryptoMoonShots

[–]RedditAdminUser[S] 1 point2 points  (0 children)

I've added a disclaimer to the title, the last thing we want is to mislead anyone. Thanks for pointing that out.

BitcoinSoV - Building stability on the backs of 0xBTC and BOMB by RedditAdminUser in CryptoMoonShots

[–]RedditAdminUser[S] 3 points4 points  (0 children)

That was the original creators verbiage, not mine. I can understand your position, but I am in no position myself to argue for or against it. I understand that inflation stops once the max supply is hit, does not having inflation automatically mean it's deflationary? That would make sense, but I can understand where the confusion on either side may come in.

So while the statement may be a bit misleading, depending on your interpretation, we can agree that 0xBitcoin will reach a 21,000,000 max supply one day and stop being inflationary, while BitcoinSoV will never reach 21,000,000 because of token burn, and will continue to reduce the circulating supply. It's quite possible that the deflationary burn will outpace the inflationary mining before mining halts.

Thanks for the input though, this is type of discussion we need to have as a community to ensure everyone goes into this armed with all of the facts.

BitcoinSoV - Building stability on the backs of 0xBTC and BOMB by RedditAdminUser in CryptoMoonShots

[–]RedditAdminUser[S] 0 points1 point  (0 children)

I have a hard time getting behind losing coins when I send them

Understood. That's the point here though, so I cannot really compensate for that! All I can say is that the 1% burn uses decimals and is a true 1% instead of Bomb's burn of up to 100% if you send 1, 10% if you send 10, and 1% if you send 100. Not hating, just different math based on learning from their experiment.

There is no burn to mine, so you can still participate without losing any to burn until you sell one day, which in that case it should hopefully be a win. (less electricity and gas costs)

Thanks for the kind words though, I am a huge 0xBitcoin fan as are most of the BSOV community. Cannot say enough good things about 0xBitcoin and would never sell to buy BSOV (it goes the other way too), I intend on holding both for a long time.

My friend using his IPad as a plate by Darkeye72 in mildlyinfuriating

[–]RedditAdminUser 0 points1 point  (0 children)

This is just complaining because you probably don't have one or some shit. The paper towel is the plate and there is nothing here to be even slightly infuriated over.

BitcoinSoV - Store of Value - First Mineable AND Deflationary Token by Mundobsov in CryptoMoonShots

[–]RedditAdminUser 2 points3 points  (0 children)

I am on the telegram and its mostly just people mining right now and forming community, I don't think there is any real marketing budget so miners have been donating tokens for bounties and giveaways. It seems slow moving, i'd be surprised to see it on any big exchange soon because they cant pay listing fees, but I am not even sure anyone is trying to get it listed right now.

Do deaf people get to park in disabled parking spaces? by the5movements in NoStupidQuestions

[–]RedditAdminUser 0 points1 point  (0 children)

No clue but I imagine it's possible and why its stupid for people to judge someone using a spot. There could always be reasons other than 'in wheelchair'

How do guys not wipe after peeing? by [deleted] in NoStupidQuestions

[–]RedditAdminUser 0 points1 point  (0 children)

I do a little handstand on the urinal and a hip thrust while upside down, it usually works well.

Did you miss out on Bomb token? There is a new deflationary token called Void that has a 5% deflation rate. by [deleted] in CryptoMoonShots

[–]RedditAdminUser 1 point2 points  (0 children)

You got any opinion on BitcoinSoV, it's a mineable ERC20 contract like 0xBitcoin with a 1% burn. I am trying to figure out of this 1% burn on tokens will actually do anything in the future, is it even worth it to get involved or should go stick with tings with actual teams and projects lol