[ANN][Main] Bitcore- BTX - 1:1 Backed BSC Bridge BTX <->SBTX

[e6ug]

Yep. The last airdrop should be on April 30th and the percentage (%) of the drop is to be finalized. Minimum 8%, but more than likely 8.5%-9% depending on how many coins are left in address #1.

Many people ask questions on what to expect after April 30th. I decided to compile a short summary of what has already been communicated by the team. I might be missing a few things, but I'd say the most important stuff should be there.


In May, the new development phase begins -- Here are just a few tasks from the many the team is working on:
Note: all these updates were communicated by the team over the past few days/weeks

• Whitepaper
• Hardware wallet (Ledger nano completed task from Bitcore. Ledger has to implement it but must fix their internal issues before. Trezor to come after Ledger in Q3 (estimate))
• New exchanges (Many new listings recently on smaller exchanges. More to come as they get confirmed. The team can't speculate nor pre-announce the future listings)
• PR (Announcements and articles to come post airdrop)
Some great read by Peter Mercury https://btcmanager.com/cryptocurrency-community-ignoring-bitcore/https://medium.com/cryptomedication/bitcore-still-remains-one-of-the-biggest-steals-in-the-cryptoverse-72540d8ed73e
• Active marketing (Details to come post airdrop)
• Buy/Sell BTX directly on bitcore.cc (Details to come post airdrop)
• BTXM / Payment gateway (Official announcement to come post airdrop. The goal will be to target real businesses and real people that may or may not be into crypto. See also some of the comments below from the team with regards to the BTXM)
https://twitter.com/Bitcore_BTX/status/982354529512550400
• Expansion of the merchant network (Details to come post airdrop)
• And much more...

BTW the Bitcore Cash fork has nothing to do with the dev team and if legit, looks like the fork would happen on June 16th at 1:1 ratio. The only spec info that was communicated was a 133MB blocksize. (This could be a scam, so be careful with your private key). I guess we just want to wait and see at this point.  




The BTXM is certainly one of the main Bitcore projects that could become a game changer not only for Bitcore but the crypto space IMO. Below are some of the comments from the team I can share...

So the shift in focus is now being made to education, vision, infrastructure and utility. We are done with the dry technological superiority of btx speeches, of course if we get questions all will be answered

So the fiat gateway and btxm concept will be repeated many times till we finally get through to the masses in the community.

We are at the verge of getting started now and the race for adoption is on. If we manage to get a 1000 machines in the field in yr1 we are well on our way. Production is being prepared for that and we have the option to expand on that if needed

Btxm = crypto enables fiat service gateway

The version we presented on coinfest was the first prototype we had to get dev going, the next version is the first production-ready model, it's being produced as we speak, it comes with options for the bill acceptor, there's a 600 and a 1200 stacker version, but the rotator holds 80 bills of any value. It's configurable. So you can tell it that if it receives a 500€ bill for example to not store it in the rotator, but directly stack it for example. It even generates paper wallets

It's a tool to expose the general public to the benefit of being able to use crypto in a user-friendly manner. If you already have coin you can use them directly on these machines

They are designed to be very flexible with regards to kyc and aml. So it will be hard to ban them

Steve: I saw that machine now for two days in the hotel room and for me it’s one of the most exciting projects I‘ve ever seen

Even though we have the btxm's in the works, we are also hard at work to integrate existing atms, Jon has done awesome work with general bytes and there are more to follow. It's vital for our mission that we represent on all hardware platforms available




These quotes about the BTXM are from April 8th...
Wel the btxm isn't an ATM at all actually, it is a fiat machine that takes and gives fiat for 1,2nd and 3rd parties
That's all it does
So any fiat service can be integrated to it. Think mobile top up cards, or AppStore cards
The reason it also functions as an ATM is because of the fiat gateway service on it
So if you want to buy a top up card for your mobile for example you can pay with cash
Because of the bitcore fiat gateway service that is integrated you can also pay with btx
As it will automatically convert your coin to fiat for the top up service
For you it has 0 impact
From the machine operators perspective he makes 2 commissions. Let me explain that a little bit from a busyness perspective
If you buy a top up card for €10 the seller makes gets anywhere between 2-10% of that €10. It has 0 impact on the buyer. Because your voucher gives you €10 of top up
If they use btx for example the seller will get a small % in commissions from the fiat gateway
So they only get commissions from the fiat gateway they aren't able to set a percentage of margin on the coins they sell or buy, it bound by contract with the fiat gateway
That way we are able to keep the fees very low and you won't be punished by using coins to pay for your services like with a normal ATM where the operator takes 5-20% on the sale and the exchange takes an other 5% for example
An other thing that greatly reduces loss in what you get for your coin is that it's decoupled from btc
So you don't lose on the insane btc fees and pay a few times for conversion from cash->btc->btx
And the other way around
And don't forget that network fees on btx are very cheap on btx
The rates you'll get from the fiat gateway might not be the cheapest on the market, this is be cause we need real banks, real people and compliance for it to work. But in reality it will be the cheapest way to buy and sell coins, because there is no btc and exchange fees involved
Just to make it clear: I want to buy btx, I deposit fiat to an exchange (might involve bank fees), I buy btc-> exchange charge me fees on the buy, I need to send those coins to an other exchange-> the exchange might charge me for withdrawal and I have to pay btc network fee, I buy btx the exchange takes a fee on my buy order, then again they might charge me on withdrawal, then I finally have the coins
See how that route is expensive and not user friendly?
With the fiat gateway the fees involved are only a commission for the vendor as with any other service and it will be just enough to incentivize them
The btx is a device that takes cash for the fiat gateway among other services that take cash
The target audience for the btxm is not the crypto community but average joe stores and 'normal' people. We just expose them to crypto because the service is on the machine that also has lots of other services on them. This is how we reach huge amounts of people with 0 knowledge abou crypto

Thanks QB, I am purposely quoting your big post because everyone needs to read this.

There are so many people around that think BTX is a simple BTC (hybrid) fork that offers nothing but good tech, without realizing that the team is hard at work and really wants this to be a success.

A lot more information has been released by the BTX team lately on Telegram and Twitter which is a nice change from earlier where there was long periods of time without any updates (which in turn left many people scratching their heads).

I've said it before on my Twitter and I'll say it again here: It's after the airdrops are finished that the fun begins.

--ypsi

So many good things happening    I hate to say it, but i am ready for airdrops to be over!

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[iwosh]

That is one heck of an update.  If the team even remotely touches some of those bullet points it will be big news for BTX.

I've been around close to day 1 and don't plan on leaving.  You look at other coins like Raven, Pigeon etc and how quickly they can get adoption just on transparent dev faces (we've already had) and a little hype.  Still no real world use built in and pushing crazy volume.

If BTX starts heavy development and fulfills payment gateway solution then it's just a matter of time till it gets the recognition.

I'm a long term holder and even if price drops down some more I'm still happy and excited about the future of this coin.

The idea is good, but I see a problem with the non crypto people. Yes, we can try to do it simple, but I feel like people who are not interested in crypto just dont see a reason why the heck should they change their money to something and than change it back to buy stuff. The only potencial value is that they buy cheap and when they use it, it has bigger value. But it is still more like an investment than daily real life usage.

It's not just for crypto if I understand correctly, they are building a payment gateway ON the blockchain which interconnects the two.  I'm assuming you can use it for crypto related transactions and normal P2P fiat transactions.  That in itself gives it real world value as well as crypto (blockchain) normalized value.

Lets say everything works and is implemented. I can imagine having some bag of BTX, for example 1000 and keeping it. Its value can go up, but it can also go down, so it is a high risk/reward investment. Why would I need to go to some bigger city with special ATM that can give me fiat for my investment when I decide to cash it out? Still seems faster and easier to use some service like exrates or even exchange to btc and sell btc for fiat.
I can imagine how POS can be working this way, keeping my 1000 BTX bag and whatever it earns above that (lets say 10 BTX a month) i can spend it. And if I am lucky and i go around ATM, I can exchange it to fiat. Of course better would be using my phone with NFC to pay by android pay, which would directly exchange my btx while paying, but that is probably too much future

[Bytales]

Do you guys think Bitcore can become number one Bitcoinfork, dethroning bitcoincash and taking its place for instance? Or even climbing higher taking bitcoins place? Because echnologically i think it is superior to both!
I want to hear some of your opinions regarding this.

[whotheff]

Do you guys think Bitcore can become number one Bitcoinfork, dethroning bitcoincash and taking its place for instance? Or even climbing higher taking bitcoins place? Because echnologically i think it is superior to both!
I want to hear some of your opinions regarding this.

That is the only reason i like BTX. I'll wait to see if good technology with some decent advertising is good enough to not replace any coin but climb the BTC ladder.

[QB Horse]

Do you guys think Bitcore can become number one Bitcoinfork, dethroning bitcoincash and taking its place for instance? Or even climbing higher taking bitcoins place? Because echnologically i think it is superior to both!
I want to hear some of your opinions regarding this.

That is the only reason i like BTX. I'll wait to see if good technology with some decent advertising is good enough to not replace any coin but climb the BTC ladder.

"Our goal is to be in the TOP 10."
This is what the dev said not too long ago.

[Tarek4080]

btx It is a high level overview, but it should still help with getting a general idea how the btxm fiat gateway  is going to work... Enjoy 😀

[newblog]

Any paper wallet available for this coin?

I want to store coin for long term.

[Bytales]

Are we going to get 2 more or 3 more airdrops, anybody knows? There are 1.5mil coins left in the airdrop address.

[Tarek4080]

Are we going to get 2 more or 3 more airdrops, anybody knows? There are 1.5mil coins left in the airdrop address.

3 more airdrops for sure.. You can check ypse' predeicton chart for a precise forecast few pages back...

[danielgoncalves]

Hi dear BTX community,

www.rapidpools.com/btxpool.org is pround to annouce that the pool have been migrated successfully to a new provider: OVH.
The pool is now operationnal accross 2 continents: US and Europe.

Europe:
ccminer.exe -a bitcore -o stratum+tcp://europe.stratum.rapidpools.com: 3556 -u <BTX_ADDRESS>.<RigName> -p <rigname>

US:
ccminer.exe -a bitcore -o stratum+tcp://us.stratum.rapidpools.com: 3556 -u <BTX_ADDRESS>.<RigName> -p <Rigname>

Fees are still a 0 untill the end of the month.

We hope you will appreciate our work and will now work on future evolutions for the pools.

Happy mining.

[jmvarner83]

That is one heck of an update.  If the team even remotely touches some of those bullet points it will be big news for BTX.

I've been around close to day 1 and don't plan on leaving.  You look at other coins like Raven, Pigeon etc and how quickly they can get adoption just on transparent dev faces (we've already had) and a little hype.  Still no real world use built in and pushing crazy volume.

If BTX starts heavy development and fulfills payment gateway solution then it's just a matter of time till it gets the recognition.

I'm a long term holder and even if price drops down some more I'm still happy and excited about the future of this coin.

The idea is good, but I see a problem with the non crypto people. Yes, we can try to do it simple, but I feel like people who are not interested in crypto just dont see a reason why the heck should they change their money to something and than change it back to buy stuff. The only potencial value is that they buy cheap and when they use it, it has bigger value. But it is still more like an investment than daily real life usage.

It's not just for crypto if I understand correctly, they are building a payment gateway ON the blockchain which interconnects the two.  I'm assuming you can use it for crypto related transactions and normal P2P fiat transactions.  That in itself gives it real world value as well as crypto (blockchain) normalized value.

Lets say everything works and is implemented. I can imagine having some bag of BTX, for example 1000 and keeping it. Its value can go up, but it can also go down, so it is a high risk/reward investment. Why would I need to go to some bigger city with special ATM that can give me fiat for my investment when I decide to cash it out? Still seems faster and easier to use some service like exrates or even exchange to btc and sell btc for fiat.
I can imagine how POS can be working this way, keeping my 1000 BTX bag and whatever it earns above that (lets say 10 BTX a month) i can spend it. And if I am lucky and i go around ATM, I can exchange it to fiat. Of course better would be using my phone with NFC to pay by android pay, which would directly exchange my btx while paying, but that is probably too much future

If you are talking about cashing out BTX it will probably be quicker to just convert through exchange, go to coinbase, and convert to bank account.

However, in next few years, availability and convenience should allow quicker solutions.  I'm not too worried about the ATM's for BTX holders, I'm more excited that they are developing a payment gateway service.  This could help small businesses and such by providing point of sale services as well as a lot of other things.

So yeah, the ATM isn't necessarily exciting for someone looking to cash BTX value out, even though it can handle that task, it's more about the possibilities it creates and provides liquidity for BTX as well.

I still think it's an awesome move.  Having a real purpose with a real objective will help push the value of Bitcore even more.



So for small businesses, lets say they are able to get PoS transaction fees down to a minimal amount, this provides incentives for places to switch to this style of ATM.  The upside is: It can not only handle cash dispensing, but also be used as a gateway to buy BTX directly with FIAT.

How many places you know that you can walk up to an ATM, put in cash, and pretty much receive stock in that company?  I think it's a great idea and I still may not be grasping it all

*edit    Also, this is a decentralized ATM...it could be programmed to accept different local currencies and work across the globe, that in itself is huge.

[ciro1]

I think the main purpose of the ATM is to prepare for merchants/market adoption not really for crypto traders/investors. With the ATM/POS availability merchants can peacefully accept btx and cash out at the end of the day without much worries. I also believe it wont be too long before many people would venture into owning crypto ATMs so this would create massive adoption.

[European Central Bank]

Any paper wallet available for this coin?

I want to store coin for long term.

there used to be a paper wallet on the bitcore website which is basically the same code as bitaddress.org. i used bitaddress.org directly for my bitcore paper wallet without any trouble.

there's this - https://walletgenerator.net/?currency=Bitcore but i dunno how good it is.

[Highspeed123]

Are we going to get 2 more or 3 more airdrops, anybody knows? There are 1.5mil coins left in the airdrop address.

3 more airdrops for sure.. You can check ypse' predeicton chart for a precise forecast few pages back...

All good things end eventually, I must admit...I will be a bit sad on Mondays without the weekly drop. It has always been something to look forward to. At least the BTX community is great, mostly. Lots of creative minds and intelligent conversation in here.

[Boriss]

Purpose of BTX Airdrops was to get mass adoption for BTX and that was 100% success for sure.
But now it's time to move away and make a new step, this next step is crucial for every coin to survive and thrive even more or die trying  and to go flat line.
I am really not sure if there is a middle ground after that point.
 
 

[canibalgb]

I believe the market is already showing signs of recovery.
We get to the bottom and now it's time for the climb.

[ttran2x]

I see the cryptos market up a little, then big giant down, then it go up a little and then big arse down, the trend hasn't change since dec jan. just my 2 cent 

[juhakall]

Hopefully the devs announce well in advance what will happen to the remainder of funds that aren't enough to pay for a full airdrop anymore. In any case it's about safe to say by now, that this has been a well executed distribution.

I'm just left wondering, what was the original plan for Bitcore before the community decided on this airdrop scheme? Seems like Bitcore was a bit adrift until then.

[Sam123]

I'm still waiting for Bitcore to hit all time high. I believe it will happen as long as the Dev keep us updating on the status of the project.  We just need to be patient.

[eance]

Hopefully the devs announce well in advance what will happen to the remainder of funds that aren't enough to pay for a full airdrop anymore. In any case it's about safe to say by now, that this has been a well executed distribution.

I'm just left wondering, what was the original plan for Bitcore before the community decided on this airdrop scheme? Seems like Bitcore was a bit adrift until then.

IMO. developers listening to the community isn't adrift..its decentralization