Just reposting something I read on reddit:EBTC AKA (Bitcoin on The Ethereum Network) THE BITCOIN SCALING SOLUTION
EBTC is taking Bitcoin and putting it on the Ethereum network thus making it Faster, Cheaper, Accessible with Smart Contracts, with NO more Miner Fighting, Fudding, or Forking. A truly decentralized transactional store of value with low fees. EBTC is everything bitcoin wanted to be.
HOW EBTC SOLVES BTC PROBLEMS
The problem with Bitcoin is if you bought a cheese burger for a dollar the transaction fee alone would cost you many times over the cost of that burger itself. With EBTC the transaction would cost less than what it would cost for sales tax.
Another problem with bitcoin is what happens to bitcoin if the price falls and it’s no longer profitable for miners to mine a bitcoin? Miners are for profit companies so they would just mine the next most profitable coin available. This would cause the network to become unstable and it would slow the BTC network to a halt causing Bitcoin to freeze leaving transactions sitting in limbo for months at a time. We need a new bitcoin that is transactional & that is not prone to any forking, corporate take overs, or miner fighting. EBTC is the peoples Bitcoin with set in stone code that takes back the power from miners to the individual token holders.
WHY IS EBTC (Bitcoin on The Ethereum Network) VALUABLE
EBTC is a token built on the Ethereums network so the mining is done under Ethereum as a whole and is secured by Ethereums blockchain. This means the EBTC cannot be taken over by miners or have its code changed in the name of greed. The cool thing about EBTC is that EBTC can start being accepted by merchants today with transactions confirming in less than 30 secs at a lower price then what it would cost you in sales tax. EBTC is everything Bitcoin wanted to be! A transitional store of value!
REASON TO CONSIDER INVESTING INTO EBTC TODAY
The coin has yet to hit major exchanges and when it does we all know what that does to the price
EBTC was airdropped to over 8,000 people making it not prone to ICO regulations like other coins. We all know because of regulation Exchanges are no longer accepting ICO coins onto there platforms going forward.
People are excited about EBTC because it’s 10 times faster & 10 times cheaper than bitcoin with no miner fighting.
The best ideas are the simplest! Bitcoin is known for its brand & Ethereum is known for its innovation, speed, and sheer amount of developers working on the platform. Sometimes the best ideas tend to be the simplest putting slow non-scalable bitcoin on the fast scalable Ethereum network.
People are rallying behind EBTC because most people missed out on becoming an early investor in Bitcoin so when people see all the potential EBTC has to offer almost everyone immediately jumps at investing something into the project… just in case it’s the next big thing.
If you were to today buy 10k coins and it goes to $100 you as an investor would be a millionaire.
EBTC has a large community with multiple big time investors who have already invested hundreds of thousands of dollars into EBTC. The eBTC community has been large out the gate with 8,000 airdrop participants over 370 page discussion forum on bitcointalk in less than a month & over 1300+ telegram community.
We need a payment version of Bitcoin that can scale and if this thing can catch some upward movement into the one hundreds you will see a lot of bitcoin holders start to buy in when they see there’s a faster, cheaper, more scalable bitcoin on the rise.
Everyone is fighting to control BTC behind the scenes with all these forks but with Bitcoin on the Ethereum Network we can keep EBTC safe & decentralized.
EBTC allows vendors and merchants to easily accept EBTC on their DAPPs for a very low transaction costs. EBTC in less than a month already has merchants hoping on board and there doing it because in their mind it’s a faster transactional version of bitcoin.
With the first launch of eBTC there was a code error in the original EBTC contract but right before the contract error was discovered eBTC was already taking off and hit 80 cents per coin within the first week without being on any major exchanges. Once the code error was discovered EBTC developers did a coin swap and all EBTC holders received the new EBTC coins with the fixed the contract. The swap is finally finished and corrected & now we are ready to go to the moon in our flying lambos!
Some fudders out there will say this coin will fail just like they said bitcoin itself would fail but I employee those fudders to look at all of the coins in the top 100 that do absolutely nothing or that have no proof of concept. To date a lot of those coins quote on quote worthless coins have reached a 100 million plus dollar market cap. I would tell those fudders right now to put their money where their mouth is. If eBTC is not going to take over bitcoin then where could it land, at what price, and invest in it until it hits that price you believe it would reach then leave. I mean just look at doge its worth 130 million dollars and doge does absolutely nothing at all its virtually a meme coin. How far could a coin go that has the potential to be the next bitcoin?
All we need now is a public leader to advance us who can get the word about EBTC’s potential (Omar Bam aka Crypt0 already owns a good amount of eBTC & he talk to Tai Lopez & Top Investors about it (wink wink) reach out to him on twitter to speak up more about it publicly)
It’s our jobs now, if you want EBTC to succeed then make sure to reach out to influencers to get the word out by sharing this post and mentioning EBTC to top crypto influencers on twitter.
I hope this has given you an idea of why I am so excited about eBTC
Hodl Hodl My Friends
This is the link: https://www.reddit.com/r/eBTC/comments/7ajfep/why_ebtc_is_so_valueable/
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