/biz/ - Business & Finance

>>22486799
MATIC also has the issue where it takes a week to move assets off the chain, not as long as OMG, but still not very friendly to the average ETH user. xDai is like using ETH in many ways and it would be easy to onboard users. Also how many times has Vitalik mentioned MATIC? I own some MATIC, but just not as bullish on it, as it is inferior to xDai and has sightly higher cap.

>>22402464
The thing is it is designed to be really similar to ETH and was designed to basically compliment ETH. It's not trying to do a Polkadot/Cosmos where it is designed to interoperate with ETH for the sole purpose to siphon off some of ETH's value and hopefully move some projects off ETH to their ecosystems. There is a reason so many Ethereum maximalists love xDai.

>>22401819
It's still lower market cap than OMG or MATIC... Also it actually allows smart contracts and is endorsed by Vitalik.

>>22393402
Just buy layer 2's like xDai STAKE that will support the DeFi ecosystem by scaling it.

Basically if you don't own STAKE, you are fucking retarded.

>>22029440
>Who's actually using xDai today?
https://twitter.com/powerpoolcvp/status/1296201536700329986/photo/1

Some more tokens are using it to run on. More will probably follow. You can already move reddit tokens onto xDai and trade them if you want on their uniswap fork. If you can check on DeFi Pulse, you can see xDai has a lot of extra cash flowing into it.

Also Vitalik really likes it, and it seems the guy who received the reddit scaling submissions liked it too. If it got reddit adoption it would probably have more adoption than any layer 2 solution.

>Is there a security advantage/disadvantage to considering another scaling solution?

There are a lot of different types of layer 2 solutions. Some are a lot more expensive than others. This one is very inexpensive. It just uses another chain with a simpler consensus mechanism, it is secure, but not as secure as say Ethereum or Bitcoin.

Vitalik seemed to admit it was probably the best out of all available possible solutions. We need a solution right now, and xDai seems to be the best thing there is.

>>22011864
Protip: Start investing into Layer 2 solutions.

>>21946280
Unironically xDai's governance token STAKE. It is going to go up at least 10x due to the fact it is the only fully ready layer 2 solution for EVM smart contracts.

>>21941780
I understand what a plasma chain is, and I know there are some good reasons for having one. However, there is a lot of value in being able to just move your ethereum smart contracts over to a faster chain. Hence, why this project has so much hype.

>>21915508
Basically with all the DEFI stuff here but ETH 2.0 isn't ready yet, it needs a layer 2 scaling solution. xDai is a layer 2 scaling solution. You can also build certain defi applications on top of it like a uniswap clone. xDai has a bridge that lets you move ETH tokens to it, and then you can move them around on chain for an extremely low fee.

Also unlike scaling solutions like OMG, you can actually deploy ETH smart contracts on xDai. This means it is likely the only scaling solution with full EVM compatibility for at least 6 months (optimstic rollups are supposed to be released then). The truth is, it will probably be used indefinitely as with the current rate of growth even ETH 2.0 would need some help from layer 2s.

Most likely a win from reddit, and more and more people using it as a layer 2 solution. The solution they have can actually work for dapps unlike OMG. Don't get me wrong, plasma has its place but xDai has the ability to do smart contracts which OMG can't really do now. This will be the de facto choice for all dapp developers for at least the next six months at minimum.

>>21876513
He didn't admit defeat, but he did mention that it was a good scaling solution to use until optimistic roll ups come out or ETH 2.0.

The thing ETH 2.0 is going to take a while... Optimistic Roll ups seem like they won't be here for at least 6 months, who knows if they are adopted. ETH needs scaling help right now and xDai is the best solution.

>>21855119
It's funny. Some people still think since they missed out on xDai they can resort to this. xDai is mooning because it's a layer 2 solution for EVM smart contracts. Not just because of token bridge features. xDai is basically POA 2.0. Don't feel bad though. Here's the thing: Its not too late to buy xDai. The market cap should be at least that of OMG. Much better project and already has the more important people in the ETH community praising it over OMG. Would not be surprised if it wins the reddit compeition. $1 billion dollar valuation for xDai this year is possible.

>>21847357
>Never ceases to amaze me how these useless coins go up for no reason

Lmao. Vitalik literally said this is going to be used. You realize that OMG, an inferior scaling solution is currently valued close to $1 billion? xDai is going to $1 billion marketcap probably in the next month or so. This is literally the easiest moon mission you will ever have. They are pretty much a shoe in for the reddit competition too.

>>21809697
xDai more essential than OMG is. OMG is only solving the token transfer problem, which is good, but not that good for a project worth a billion dollars. xDai is going to actually allow you to build smart contracts and migrate them from ETH so they don't need as much gas. xDai has a way bigger upside.

I tried to tell /biz/ about xDai in this thread:
>>21463525

Seems many of you did not listen. I'll say it again. xDai is going to hit $50 very soon. This is some of the easiest money you will ever make. Many of the things I predicted came true (chico crypto talked about this coin on his channel). Also we got a bonus, Vitalik said he would consider building on xDai.

All of this makes $50 look like it will happen even sooner. I tried telling you all last week, maybe you will listen now? Although knowing /biz/, people here will most likely be FOMOing in at $50. That is ok though, you can catch the last 2x to $100 at least before the first major sell off.

>>21796592
xDai (STAKE).

Layer 2 solution that allows full migration of Ethereum dapps that can basically be copy pasted over. Does a lot more than OMG. Probably going to do at least a 10x. Its only $40 million marketcap or less, while other Layer 2's such as MATIC and OMG are valued many more times that.

Vitalik already talking about it as one of the only non-test nets he would use to deploy a dapp. You are retarded if you miss this at 40 million marketcap.

I tried to warn /biz/ about xDai in this thread:
>>21463525

Seems many of you did not listen. I'll say it again. xDai is going to hit $50 very soon. This is some of the easiest money you will ever make. Many of the things I predicted came true (chico crypto talked about this coin on his channel). Also we got a bonus, Vitalik said he would consider building on xDai.

All of this makes $50 look like it will happen even sooner. I tried telling you all last week, maybe you will listen now? Although knowing /biz/, people here will most likely be FOMOing in at $50. That is ok though, you can catch the last 2x to $100 at least before the first sell off.

>>21781874
People are retarded for not buying this just because its up a lot recently. It is way undervalued. It's a more complete scaling solution than OMG is in some ways. It allows for full ETH smart contracts. OMG is plasma which is good, but it can't do everything. This will soon reach near OMG's marketcap.

>>21775038
OMG is a less viable scaling solution than xDai. Even Vitalik is saying that it is what he would choose to scale his application. No one in the ETH community is really talking about OMG. Guys like Vitalik, Evan Van Ness, the big influencers in the ETH sphere are NOT really praising OMG. xDai is the talk of the town now. Also, its much lower marketcap than OMG.

>>21775079
Yes, keep telling yourself xDai is a scam coin. I really don't want someone as dumb as you making it.

>>21769281
Overvalued. xDai (STAKE) is a better scaling solution overall and has way more room to grow in terms of price. OMG is a 5x max. xDai is pretty much a 5x guaranteed.

Notice, Vitalik mentioned xDai.You can't actually build dApps on OMG.

>>21742110
Also, Vitalik tweeted this after Evan, showing he probably realized it's potential after he talked about it. Ropsten and Goerelli are testnets. This means that in Vitaliks eyes, the only acceptable solution for a non testnet dapp right now for ETH is xDai chain.

If you don't see what OMG just did because of "muh tether" and realize how huge this is, you don't deserve to make it. For a year, this will literally be one of the only scaling solutions for some dapps. Optimistic Roll ups won't be ready for quite some time (Vitalik has said a few months, if this is true probably longer), and ETH 2.0 is at least a year away from sharding.

In the mean time expect this to moon like nothing you've ever seen before.