What is going on with eBTC? Everything you need to know.

in ebtc •  last year

This is strictly informative. This is not to persuade you to buy eBTC.

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It's taken tremendous fortitude to have the diligence to sift through the endless posts and FUD for accurate information. My mind has gone back and forth about this coin for days. Wondering if I should sell out and run with my 300% gains or simply wait. However, more and more I am beginning to develop trust for @SatoshiTwentyOne based on what this individual has posted in various places.

Humans make mistakes. And interestingly enough, hasn't every coin had multiple phases in its lifespan where there was tremendous uncertainty and lack of faith? And people sold out. In other words, it's a very good thing that we have these stress tests in all of the cryptos we are invested in. Let's you know who you are and what your true motivations actually are. Much of this game comes down to trust. Those who trust yes get burned from time to time, but reach much greater success than those who are so skeptical and cynical that they never take a risk in trusting.

Satoshi21 from what I've read seems a trustworthy character. We can always check the total supply of the coins. So at any moment if the creator exploited the bug we would know. But I don't think he will. The bug I think was an honest mistake, and in my opinion, I'm actually glad this happened. Because only those I believe who can forgive and see past this error and support the way to amending it should in the first place benefit from the possible future gains to be made on this coin.

Website : https://www.ebtc.io/

What is eBTC?
"eBTC is an ERC20 version of Bitcoin on the Ethereum blockchain."

Why create eBTC?
"There are multiple reasons, firstly Bitcoin has issues with high transaction fees and slow block times, ERC20 tokens don't have these issues and also have smart contract capability. Secondly, there is currently no widely accepted tokenized version of Bitcoin on Ethereum which is pretty surprising. Thirdly, as eBTC grows it will display Ethereum's capabilities and strengthen it's stance among crypto-currencies. "

How many eBTC are there?
"There will only ever be 21,000,000 eBTC, no more, no less."

A helpful visual comparative analysis :

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Check current price here : https://coinmarketcap.com/currencies/ebtc/

Price of eBTC at 2:44 am, October 9th :

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It appears eBTC will be on Shapeshift soon and we know eBTC has already been added to the Mercatox exchange :
https://mercatox.com/exchange/EBTC/BTC

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Regarding the error :

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Regarding the expansion of the team from one person to many :

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What do you notice that is a significant fact if true here :

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More on the apparent error and possibility for exploitation of this error and whether people think the creator would actually take advantage and run with the money :

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Making sense of the numbers :

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Here is something I really enjoyed seeing in the chatbox at Mercatox Exchange and which I think shows the compassionate and positive spirit of the creator of eBTC :

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Take a look at this blog post written by the creator of eBTC :

https://medium.com/ebtc/introducing-ebtc-the-new-erc20-bitcoin-2fcce9e57d50

"eBTC will have a supply of 21,000,000 tokens, it’ll be divisible to 8 decimal places, and you’ll be able to send and receive them just like you can with Bitcoin. An ERC20 version of Bitcoin has many advantages over Bitcoin right out of the gate, eBTC will be both faster and cheaper than Bitcoin, while also enjoying the ability to work with smart contracts. I believe that eBTC, with adoption, could be a real asset for Ethereum. ..."

Check them out on Twitter (1803 followers at present time) :

https://twitter.com/ebtctoken

And finally check out the Telegram group if you haven't already (^1500 members already, up double in 24 hours :

https://t.me/joinEBTC

eBTC Facebook Page :

https://www.facebook.com/ebtctoken/

Some more interesting bits of conversation regarding eBTC in Telegram channel :

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And there we have it. I hope you found this information useful to guide your investment decisions!
Do me a favor and upvote and resteem! Even if you don't believe in the project, help propagate this article as a very good nexus of information regarding eBTC to help others make their own decisions. Good luck!

The article has also been published now on investFeed! Follow me there if you haven't already!
https://www.investfeed.com/article/2841/what-the-hell-is-going-on-with-ebtc-here-is-everything-ive-found

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Edit : New Update! (October 6th, 9:16 pm)

https://medium.com/ebtc/ebtc-update-1-65b85ae605a9

"Simply put, eBTC is Bitcoin on Ethereum. eBTC is not a company — eBTC is a community. Our long term goal and mission is to hybridize the best of Bitcoin into a utility token based on Ethereum’s Blockchain which will bring out the best in both."

"eBTC believes transparency is the deciding factor for any community’s success in the long run. We set this in motion with our ICOless and equal distribution of free eBTC to supporters."

"We have two “coin addition” petitions started at this time. One at Shapeshift.io and another at Cex.io. The bottom line with larger platforms is usually tokens will not be listed until the a value of function has been determined/proven. This means these exchanges will need to understand the underlying usefulness of eBTC which also includes it’s vision and community."

Shapeshift.io Coin Addition Petition:
https://shapeshift.zendesk.com/hc/en-us/community/posts/115000612704-eBTC-addition?page=3#community_comment_115000525310:

Cex.io Coin Addition Petition:
https://support.cex.io/hc/en-us/community/posts/115001579954-eBTC-Coin-addition

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Supposing you wish to add eBTC onto MEW to make it visible, enter the following information that can be found at the official website : https://www.ebtc.io/

Contract address: 0x2FD41f516fAc94Ed08e156F489f56cA3A80b04D0
Symbol: EBTC
Decimals: 8

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You really want to call this a scam? You'll have to contend with people who sincerely know otherwise :

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Interesting article on reddit regarding hodling eBTC and the sentiment currently surrounding eBTC :

https://www.reddit.com/r/eBTC/comments/74t52k/to_all_ebtc_hodlers_believers_and_worshippers/

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Check this out :

https://www.cryptocompare.com/coins/ebtc/overview

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Frequently asked questions in Telegram :

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Regarding recent times :

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Sometimes you lose. Sometimes you lose badly. But sometimes you win. And sometimes you win big.

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Sort Order:  

Great work you are doing, thanks

Hey thanks bro for enlightening some of us on this issue. I also trust the creator and as far as we can check the number of supply, I dont fear about this token anymore.
Good people like you should keep writing about the coin and I will keep sharing for the world.

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Why thank you very much! Hodl for dear life!

great work bro thnx, i want to know about this screnshot you taked in discord shat?

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Hey thank you very much! Can you rephrase that question?

thanks for taking the time to compile this

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It really is for my own fun :P
It appears so far that the articles are helping people clear up many of their questions so that's good.

i need an steemit app on my playstore this would help people in a more flexible way and would attract more people towards steemit.....hope this turns true.....

Great article, keep up the good work.
I'm keeping an eye on that coin, i never received my airdrop tho. Do you have any insight about that ?

This article is a good one to clear all doubts we can have against this great project by Satoshi. eBtc is definitely the way forward and it's clearly seen that some people out there can only try to undermine or tarnish it in order to see it fall.

Let's all remain focus and stay positive, in the next few months, eBtc will surprise the crypto currency world at large.

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Great comment @joberror!

Hi brother, this is a nice post and I'm feel lucky be the person who join the airdrop and I got my eBTC (will keep it tighly for a moment hehe) I think this is one of the best cryptocurrency that people must have it, too early maybe but I believe for the future of this coins..it growing so fast just only a few day!!
"Try to forgot that I have eBTC righ now and try to remember that I have eBTC next year" 😂😂
Upvote and resteemed for you

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Feeling lucky aren't we all! Being at the very beginning of something is always an uncertain period.

I love this coin. follow you and resteem

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Thank you!

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Ur Welcome

Excellent coin, with a good developer and community.

nice post! clarifies alot of things in a clear and concise manner. now l'm getting ready to see the moon!! :)

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Forget the moon. This is a starship.

Great write up :) I was lucky enough to be part of eBTC's Airdrop.. I love how it just came out quietly, out of nowhere. The dev has so far proven himself to be ethical, active and on the ball and the way he has handled himself through the Reddit fud-storm by addressing it head-on, huge thumbs up!! I think this awesome underdog coin could have a very bright future. Super proud to be hodling it!

It is a simple premise: Bitcoin on Ethereum. Nothing less, nothing more. I think this premise packs power; it could go far.

It is up to the eBTC community now to expand on this and make the network grow.

Waiting for the first 10,000 eBTC pizza 🍕

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its simple but sure

Why eBTC website is down?

EBTC IS BITCOIN + ETHEREUM HYBRID ...interesting ! Will keep an eye on this one , Nice Article ! Followed & upvoted !