/biz/ - Business & Finance

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3) Government Push

> In early 2017 the Bank of Thailand issued a notice allowing the use of the technology by financial institutions in the outsourcing of services.
> “The government is in the process of adapting to an age where investment in ICT services is a necessary endeavour, rather than just the purchase of new hardware and equipment. It has, however, done well in supporting the private sector to adopt new technology.”

4) Money Business

> The Stock Exchange of Thailand is forming a special marketplace designed specifically for start-ups. The hope is to have it up and running in 2017. Companies will not be required to have any history of performance; they can list from the day of their formation. The government is hoping that start-ups will help boost the economy as the country moves from being a manufacturing centre to an economy that is more knowledge based.

5) Regulatory Changes

> In early 2016 a 20-year Digital Development Plan for Economy and Society was published by the government. It called for not only the development of relevant “hard” infrastructure, but also for steps to be taken to transform Thailand into a more digital society. The government plans to introduce or amend a wide range of legislation in pursuit of digital development. These laws will cover everything from electronic transactions to personal data.

>>3417422
i have only have 100 Oh My Gods but i'm gonna buy more in the dip

>>3417422
>Thailand
>The place where there are more traps and lady boys than normal people
>The place where if you don't have herpes, you're weird

Sure thing. Those lady boys with herpes are going to revolutionize crypto.

> Omise, (private) parent company
> "Omise" means store in Japanese
> Omise developed Omise FacePay, an AI and facial recognition software for loyalty programs

> OmiseGO, blockchain payment network
> launching a digital platform that other developers can build upon
> Microsoft, Apple, Google, and ETH are digital platforms that developers can build upon
> With the OMG platform, developers can build payment applications without having to go through the tedious (and costly) process of setting up an international payment networ
> 70% of Southeast Asia does not bank
> SEA is the WORLD's fastest growing region of internet usage, adding an astounding 4 million new users per month
> The Omise and OmiseGO platforms are the solution-- buyers and sellers can use the blockchain payment system without the need of a bank to confirm transactions
> Using a sentiment analysis algorithm, OmiseGO is at an all-time high across all social media platforms
> Who is competing with OmiseGO in the blockchain, digital payment market?
> No one.
> $100 billion market cap is reasonable if it gets accepted by users in the Asia-Pacific region, starting with Thailand

> OmiseGO began its development under the name Omise Blockchain Lab, back in 2015
> The OmiseGO ICO started in July 2017
> OmiseGO is an ETH-based blockchain network that will allow people to transfer money interchangeably from one platform to another, regardless of geographic or institutions jurisdiction
> OmiseGO will become the status quo for decentralized payment and exchange services

> September news to look out for
> Disrupt SF 2017
> Sept. 18-20
> Jun, CEO of Omise, will be on the ICO panel
> will talk about Omise and their ICO, OmiseGO

had a dream last night it goes to 30 usd this month
>get in boyos

>>3417500
Only 30? Sounds like a nightmare. Unironically believe it will hit 40+

[Spoiler] and correct down to 30 then make its way up to 700 as per the plan [/spoiler]

>>3417532
$700 is meme.....unless you know something none of us know

You guys are embarrassing just relax with the fucking shilling, it's a decent coin but seriously... GOOGLE APPLE MCDONALDS just embarrassing

>>3417552
*teleports behind you
*unsheathes palm beach report

boyos...i hope you are buying OMG

>>3417563
i don't trust that literally pdf

>>3417563
>predicted bitshare to reach 3rd largest market cap

Selective bias as fuck, yeah they called ETH but have missed so many calls

1$ next month, dont miss it

>>3417422
Can't wait to stake my 750 OMG.

>>3417592
It doesn't take (((experts))) to speculate the future of a coin who's company is making huge legitimate partnerships and already has mainstream use.

BTC hasn't done this. Eth hasn't done this. Et al. The fact that this is still a $10 coin proves that the entire crypto community is poorly informed and just chases pumps they read about on Reddit and watch from vloggers.

Based hotwheels this one's for you

f

>>3417626
i heard minimum to stake was 1000

>>3417617

S

>>3417640
Source? I'll buy 250 more if you can provide it.

>>3417629
I have yet to see a legitimate partnership, I see speculation... yeah omise has some """partnerships""" in that you can use omise as a payment in certain places (extremely common in Thailand).

>>3417629
What did Hotwheels do?

>>3417654
I don't understand this comment, the McDonald's one is confirmed.
> They met with Hester Chew, the CEO of McDonald's Thailand
> Confirmed that McD Thai will be slowly changing their current pay systems to Omise
> This will help out OmiseGO in the long run... because the two works together
I understand what you mean though. I wish they had legitimate articles about this kind of stuff, not just one tweet. I can't even find any Thai articles about this, but I might have to try google translating relevant keywords from English to Thai to match up.

is it really a good time to buy this shitcoin?

>>3417752
I've seen no statement for McDonalds on this though, it's a tweet I'd treat it carefully... especially given some of the rumours I've heard

>believing the hype and twitter pics

have fun with those bags boys

>>3417778
> They met with Hester Chew
> Literally the CEO Thai-Jew of McDonald's Thai
> Literally pictures of them meeting
I get what you're saying though... no articles anywhere about this besides the pictures and tweets. I wish they were more transparent about this kind of stuff, so we can actually """"know"""" what's up.

This coin is so fucking comfy

Only top 20 coin to actually be in the green on a 1 week chart after this stupid China ban bitcoin for the 249th time

Not to mention, only about 3-5% of OMG trade volume comes from Chink exchanges, so OMG is very China-resistant.

>>3417874
how do you know what country the trading volume comes from?

Steady growth without pump and dumps that so many shitcoins face.

This one is a guaranteed winner. Proceeding to go all in rn.

>>3417885
https://coinmarketcap.com/assets/omisego/#markets

Not much activity on chink exchanges

>>3417492
their population in 2000 was 6.2 mil now it's 9.1 mil

their country is going to be FULL of progressives by 2040
crypto is the future due to the ease of access and anonymity
you can't just get rid of that

Asia Outlook talks to Hester Chew, Chairman of Executive Committee and CEO of McThai, Thailand's sole McDonald's franchisee.

http://www.asiaoutlookmag.com/outlook-features/mcdonalds-thailand


> The quick service restaurant chain has 34,000 restaurants in 119 countries.
> What's its secret? McDonald's has mastered the market with localisation.
Nowhere is this truer than Thailand, where it has 183 restaurants, serving eight million customers per month.

...And the future is bright, Anons.

> For the future, Mr Chew would like the Thai government to drive the economy. That would attract foreign investment and create jobs in the country.
> "For future engagement, technology will be important – whether it is cashless payment, mobile apps or the internet. All of that will come much more into play in the next six to nine months."
> I believe Thailand can have more than 400 McDonald's restaurants down the road, on a long term horizon.

Huge sell wall on OMG again today.
Whale dumping 10,000 OMG.

>>3417563
He he
Nuthin personnel kid

>>3417592
they called NEO too

>>3417652
>>>3417640
>Source? I'll buy 250 more if you can provide it.
What does having a 1000 stake do? I have 3k myself and haven't heard about it giving any perks yet.
Thanks

>>3417422
>literally nobody can explain why UTILITY TOKENS should appreciate in value
>this isn't a bubble
>you're not buying a worthless utility coin for a perhaps successful payment network
>this is essentially the same thing as Ripple but there's hype around it

NONE
OF
YOU
CAN
EXPLAIN
THIS
JUST
CALL
ME
FUD

god fucking damnit i bought this at 8$ and now I want to get more but it's not dropping

>>3418450
The answer is so intuitive that no one is going to spoonfeed a brainlet like you.

>>3418414
it'll be akin to NEO and GAS. you'll get dividends for each token you hold. don't listen to anyone about it yet, they haven't announced how staking will work yet.

>>3418450
lol nah man it's because this is either bait or you're actually retarded

>>3418463
>high volume exchange
>millions of transactions per second
>no reason a lot of omg are needed to process the transaction
>money skeleton and crew ALWAYS talk about low transaction costs
>even Palm Beach predicts an OMG will be worth $1.47 PER YEAR in transaction dividends
>literally all OMG does is perform the exchange

I guess you'll have to explain like I'm 5.

because this intuition is too complex for me. Why is a coin worth $1.47 per year in dividends actually going to be worth $700?

q for the people in the know

is omise going to have its own blockchain? or will their network be on the ethereum public chain like their omg token is?

>>3418479
>>3418501
Why is OMG worth more than its anticipated shitty returns in transaction fees?

Please, let me know. What makes UTILITY COINS aka not currencies -- valuable?

>>3418534
your other thread did well. keep baiting retard.

>>3418544
if I'm fucking baiting why don't you just trounce me with your awesome answer you faggot

>>3418450
It doesn't need to have value as long as other people think its does you can still make profit from it

>>3418501
none of the dividend coins are going to be worth much more than their predicted return over 5-7 years, maybe with a low multiplier for growth. you really dont want to end up bagholding dividend coins because its incredibly easy to find the upper bound for what they should be worth, and at the best case scenario theyre all worth a lot less than what people are predicting them to be. tenx is a great example too.

>>3418563
because i don't take bait duh

seriously there's no way you're this retarded. they don't let legal retards get internet service (because they would ceaselessly pull their puds)

>>3418592
just keep making fun of me retard. if you actually cared about preventing FUD you could actually fucking respond but you won't because you don't have an answer to a question as fundamental as WHAT THE FUCK MAKES OMG WORTH ANYTHING BEYOND MEASLY TRANSACTION DIVIDENDS

>>3417563
Link?

>>3418563
Why don't you ask Vitalik or Jun on Twitter to find out for yourself if it is so important to you? Why would you create a demanding self fulfilling prophecy on 4chan? Better yet, why don't you ask the author of the Palm Beach report directly yourself to prove to everyone on 4chan just how smart you think you really are.

Until then, you should really just sit down and shut up honestly. You're boring.

>>3418622
>my biz threads can affect a billion in market cap

damn you really are retarded

>>3418622
That 's like screaming "WHAT MAKES ANYTHING VALUABLE WITHOUT THAT THINGS VALUABLE ATTRIBUTE"

what a fucking retard

>>3418651
>just keep telling anyone with questions to fuck off
this is reddit now.

the truth is Vitalik doesn't really care about the price of OMG. he cares about the technology. same with Omise.

It's not about you followers. its about them creating a real business.

>>3418664
well the valuable attribute is a tiny piece of a tiny transaction fee. the entire normie magnet for OMG will be tiny transaction fees.

and you're wondering why i'm here questioning why people have moon expectations for this coin

YOU CAN ALL MAKE FUN OF ME ALL YOU WANT
BUT I AM NOT FUCKING LEAVING UNTIL I GET A LEGITIMATE ANSWER
NOT RIDICULE
NOT >do more research
NOTHING BUT A FUCKING ANSWER

until then I will continue FUDing because you're all buying the next Ripple.

this time with 100% more Vitalik though!

>>3418693
>well the valuable attribute is a tiny piece of a tiny transaction fee. the entire normie magnet for OMG will be tiny transaction fees.
>and you're wondering why i'm here questioning why people have moon expectations for this coin
>YOU CAN ALL MAKE FUN OF ME ALL YOU WANT
>BUT I AM NOT FUCKING LEAVING UNTIL I GET A LEGITIMATE ANSWER
>NOT RIDICULE
>NOT >do more research
>NOTHING BUT A FUCKING ANSWER
>until then I will continue FUDing because you're all buying the next Ripple.
>this time with 100% more Vitalik though!

If you don't know what the transaction fees or volume will be then you can't know what the dividend rate will be. That is my position.

>>3417532
Don't put spaces between spoiler tags newfag.

>>3418726
well I know that Palm Beach is crazy bullish on it and they're only expecting $1.47 out of each coin per year.

that sure as hell doesn't seem like a $700 coin. so where is the other $695 coming from?

>>3418693
Wow, you sound really autistic. I never told you to fuck off. I provided you with ancient path to publicly and transparently ask three top level people are directly interested in omisegomfor an answer.

The reason you deflect and come to 4chan to criticize people's interests is to make yourself feel like you are worth something. Because the truth is, you know Jun, Vitalik, and Teeka TiwarI are much smarter than you by orders of magnitude and you have no self confidence to even muster up the strength to investigate the coin yourself for information if you are so concerned about it.

Can't you see how pathetic you are?

>>3418693
What the fuck is wrong with you?

Actually, do tell us.

>>3418761
interesting points but do you actually have an answer to the question I posed?

>>3418770
what is wrong with me is that I have a very legitimate question about OMG and I asked it here. want to know my responses?

>retard
>idiot
>haha Teeka is smarter than you!
>FUD

and nothing even remotely addressing my point. apparently when you're even remotely FUDish about OMG, you need to GTFO

well that doesn't really speak well about the rationality about this coin.

>>3418622
I am 100% an OMG supporter but the is a legitimate concern of mine as well.

>>3417500
I had a dream where it goes to 97 dollars, I dunno why it was that specific but I trust it

>>3418749
You would have to ask them but obviously people who have their money in this would likely disagree to their processing fee valuation. If OMG does not include a reasonable, though lower than the credit industry, type of fee model, then people won't bother staking OMG and the whole platform would fail from the beginning and they would also lose the credibility if they ever tried releasing a new model.

I think that volume will make up for lower fees but that fees will not be astronomically low. Butterin does always spam about low fees and so do Omise... but that's because they're creating a project that is going against eye gouging bank fees. Look at the fees of owning a low value credit card, of maintaining a savings account or wiring money with any service either domestically or internationally. It's high as fuck. A 1.5% fee would blow current competition out of the water.

This is a platform that will make any of you assets fungible. I'm willing to bet that the volume is pretty damn high. And on top of that. Without making OMG valuable enough to stake the entire system will fail. They know this. We know this. It's time for you to recognise OMG as your king and I want you to publically apologize right now and we will let you get in with us.

>>3418855
one way of making OMG staking worth it is to have a low price per OMG

>OMG price is only $15 a coin
>so getting ~$5 a year per coin isn't a bad deal

I'm going to say it again -- Vitalik and Omise are not allied to making you rich.

They are decentrilizers.

>>3418903
>OMG price is only $15 a coin
>so getting ~$5 a year per coin isn't a bad deal
That is a phenomenal return lmao

what exactly is happening this month with omise? news coming? any specific date?

>>3418926
maybe in terms of traditional stocks
but its no moon

>>3418772
Listen man, honestly I think what attracts investors to this coin is the legitamacy of the business behind it. Omise acquired paysbuy and they have quite a bit of existing market share in SEA as a payment gateway. As the company grows they will acquire even more market share both domestic and international markets.

Now, we know about plasma and blockchain, which is the primary purpose of R&D for omisego. Eventually what will happen, is all omise subsidiaries will merge with omise (including omisego), and all that market share that omise has as a payment gateway, will then implement the blockchain project on all existing clients,many new clients. They are also devising a way to free up stranded assets for folks who have no bank.
The value here for investors is two fold: POS, investors will receive dividends for tokens they hold and use as POS. This will attract more money to the coin, and increase the market cap.
That is how the utility token gains value over time (as it becomes more adopted).

People obviously believe in their strategic objectives, so they invest. They feel safer because the coin has a large company behind it with years of operations experience.

1/2

>>3418947
what are you holding?

>>3418969
The fact that you are crusading to disprove omg valuable as a utility token on 4chan, without providing any in depth analysis or argument yourself is really shallow.

The fact that you feel the need to fud the coin on a completely anonymous board instead of going directly to sources and exposing yourself on a larger platform discredits what you are doing here. It doesn't make any sense. If you dislike OMG so much, DYOR, and come back to 4chan to prove your case if it's that important to you. Until then, you are waisting everyone's time here, including yourself. Don't buy it if you don't like it, and move on.

2/2

>>3418855
>>3418926
>>3418977
watching you spoonfeed this retard hurts my bones

>>3419014
>>3419009
>>3418969
The answer again winds up being "transaction fees, also GTFO"

I really appreciate that nobody actually has an answer to my question, it makes me very confident of my position

>>3418977
it may come as a surprise to you, but I'm actually a big holder of OMG. I have thousands. it represents almost all of my portfolio

I hold it because
>this market is entirely irrational
>it will pay hundreds of dollars for a token worth only a few bucks
>this happens despite everyone having access to all the information available to them to make that conclusion
>and even if someone comes along trying to tell people that their expensive bags are actually worthless, they tell him to leave their DISCUSSION FORUM OF CRYPTOCURRENCIES and go somewhere else

so yeah, the cognitive dissonance on OMG is extremely strong. this thread has proven that.

i'm holding OMG to the completely fake, totally-not-a-bubble moon it will get to.

i suppose people won't realize utility tokens are actually worthless until 2020

52 BTC order up right now buy

>>3418942
The 18th there is supposed to be some news i think

>>3419080
And a huge sell wall at 270k. Whales fighting.

>>3419069
I don't know why you are so angry about it all though. Maybe you should take up knitting or something to distract yourself from crypto for an hour each day.

Yawn...

>>3419157
I'm mad because retards are telling me I'm retarded

>>3419182
You expect to engage in serious discourse on 4chan? A place where most of the content is absolute shills and scams? Are you serious man? You have to be joking.

If you expect that level of discourse on it, you need to have humility and transparency on a different platform. You won't find it here.

Just stop bro, your hurting yourself.

>>3419212
Finally some reason in this place of absolute madness. I'm starting to realize that frequenting /biz/ might be the unhealthiest thing for my sanity lately.

>>3419182
well you know what they say, you can smell your own.

>>3419246
it might be but its pretty fun isn't it

>>3419182
So I had an argument about the legalities and capabilities of the SEC over crypto. I was literally siting SEC cases and regulation. I got the same shit. I presented a factually correct statement, and what I got in return was
>you don't know how crypto works
>can't be this retarded
>jog on backstreet accountant
>nocoiner
So I pushed it. Not one person could present a counter argument, or any additional insight. They stopped replying. I didn't think this was true before, but /biz/ has to be full inexperienced people, from a life perspective.

>>3419212
exactly. he's a retard

>>3419014
I know I'm sorry
>>3419069
It's fucking ridiculous you refuse to accept my position as rational and valid. I used meme pics but you're the one being irrational if you cannot accept my coherent position as valid and representative of many informed OMG holders. Many of us have thousands of OMG, regardless I of course hope the best for you and your plan there's room for everyone to make it.

Return of the king

>>3419226

Why do I even bother giving you guys tips? I could hand you the best time to buy low on a silver platter, and all you will say is "stop shilling".

Put $3,000 in this morning. Packing my bags for takeoff.

Return of the king.

>>3419226

>>3419608
I definitely take your position as representative. That's why I'm buying. But I'll just reiterate my position one different way before essentially retiring from this thread because it's going nowhere. You or anyone is perfectly welcome to call me retarded or whatever, but if an explicit answer to my specific points is not given I assume I have won.

>there is nothing supporting any significant value to OMG beyond a nominal value as a transactional utility
>Omise and Vitalik have every incentive to keep transaction fees low to broaden reach
>lower fees means a lower valued coin
>Omise and Vitalik do not inherently care about the value of OMG tokens as long as the coins perform their function of facilitating transactions
>these coins are not stock. you do not control the management decisions of Omise by holding it
>they were simply tiny bonds that Omise used to raise starting capital
>now that they have the money from the ICO, they'll give you a tiny reward from the tiny transaction fees they'll be charging to kill Visa
>and the actual ownership of the actually successful company will remain with the leadership

you don't have anything but an incidental settlement utility. there is no reason for it to appreciate with the adoption of the network. there is no reason your fees will be moon-ish. the company has every incentive in the world to fuck you.

enjoy.

>>3419710
>Omise and Vitalik have every incentive to keep transaction fees low to broaden reach
AFAIK the transaction actually dont involve OMG but OMG simply acts as a inherent trust token whereby the interacting party both agree that an OMG node is trusted so the exchange between them must be valid. i.e. the cost of the coin will not affect the cost of transaction although coin holder wil actually see depreciating returns

>>3419710
If Omise charges 1% fees and gives it ALL to tokenholders (they won't) and transactions $1 trillion dollars, one OMG might be worth around ~$10 in dividends a year

That. Is. Not. A. Moon.

>>3417422
> Most active smartphone users in region.

That's not hard when the surrounding region is literally nothing but poor inbred dirt farmers

>>3419758
Assuming that valuation to be true a reasonable base cost for a OMG token would be 10 times the dividend rate. That makes OMG worth about 100 bucks. How high does this need to be for you to consider it a moon?

>http://www.dividend.com/how-to-invest/comparing-dividend-stock-sectors-by-yield/
The average annual S&P 500 dividend rate is just under 5%. If OMG stabilizes then your hypothetical valuation puts the value of an OMG at around 200 dollars each using industry accepted valuations. The only way for OMG to not have a high value is if the project fails, and of course the project and platform will completely fail if dividends are not at a reasonable rate as discussed, but they already know this. A for profit corporation is developing this to make money so I'd say it's self evident that stakeholding dividends MUST be profitable or the entire platform MUST fail and considering how obvious this concept is the devs MUST already be more than aware of this idea.

>>3419884
okay, now how much of your 1% fees do you expect tokenholders to actually get?

>protip that's the entire company's revenue too

>>3419758
>$1 trillion dollars
Kek
I'd be surprised if I handled 1 billion

>>3419884
also, no it will not fail if "dividends are not reasonable". Reasonable simply means SOME money.

as long as SOME money is made by holding OMG, people will hold it. And the coin will be used in its intended way.

So, like I said there is nothing supporting any value beyond NOMINAL value -- just enough to get people to hold it. That's a dollar here or there. And low trade values to acquire the low dividends.

No mooning.

>>3419901
I would expect them to get all of it because OMG is a decentralized platform. All of Omise's transactions will go through the decentralized OMG platform.

I feel like there's a misunderstanding here. Omise will get their own money from services built on top of the OMG platform. Then every transaction Omise processes will be processed by OMG in addition to everyone else who builds a wallet.

So the fees that Omise charges are independant of OMG stakeholding profit, but the entire transaction is processed through the Omise platform.

If Omise doesn't create OMG to be profitable to stakeholders then their entire transaction based business will fail to be able to operate on OMG which is the entire point of all these years of work they've poured into this project

>>3420008
>profitable
I agree. Nominally. Like I keep saying.

It needs to be able to make "a little money." SOME dividends to keep it in a wallet.

Now, why does Omise care whether OMG is profitable by $1 or $1000?

>>3420051
He has a severe lack of understanding

>>3420051
I guess that's the bet. My bet is that dividends will be at about 5 to 10% of the cost of one omg. I have established my reasons for thinking that useability and profitably will ensure a transaction fee that is low comparative to the credit/banking industry but not low enough that no one wants involved in a project with no money incentives. Guess time will tell but at least now we know that people who are better on omg making it can at least have a valid strategy in doing so.

>>3420051
Because Omise holds 10% of all OMG you dense twat

>>3420137
>we're a worldwide payments company
>we're going to take down Visa!
>we hold all of our equity
>but do you know what we REALLY care about?
a 10% stake in a transactional utility token.

>>3420162
You seem to be thinking they will decide how much of the proceeds go stakeholders, like "hmmm we profited $1 billion but let's give the stakeholders just $1 for each token, that will make them happy, the rest we keep to ourselves".

Not how this works.

Their own income will come from the same place as stakers and at the same rate, they will receive the "dividends" of the coins they have.

>>3420183
And you seem to not realize that "they" control the ACTUAL COMPANY.

If they keep rates low so as to help the COMPANY this will not help tokenholders.

And if they make enough money within the context of the Omise corporation, then no, they don't actually care about the value of their 10% stake in OMG.
>which seems pretty damn low for a company to retain anyway

>>3420224
If there is no profit in staking, then people won't stake, and Omise needs stakers to validate their network. The higher the value of the token, the higher the security of the network, since token holders have a greater incentive to validate correctly.

I feel like you would be well served spending some more time reading about PoS and cryptoeconomics.

>>3420275
>since token holders have a greater incentive to validate correctly.
If you explained this part it would be helpful.

MONEY SKELETON DELIVER ME FROM WAGE SLAVERY

>>3420275
this is why the staking amount will be the ultimate price point of the token....

>>3420224
If you think that "best for the company" is something other than "making money" then you're delusional.

>B-but they will tank the price! Just to profit less! This will drive adoption!

I can see a company choosing to make less money on the short-term in order to make a killing in the future, but saying "we could profit billions, but let's profit millions forever instead just to fuck with tokenholders" is asinine.

>>3420341
you don't seem to understand that there is a division between Omise Corporate and tokenholders.

there is a way of distributing the wealth that Omise earns in order to inordinately benefit the corporate side, as opposed to giving much to tokenholders.

and tokenholders have no way to contest the decisions since they don't have any equity.

>>3420378
>Omise is not OmiseGo
Haven't heard that one in a while.
Ok, so what's your selling target? Anything the coin hits after "the news"?

>>3420289
Improperly validated transactions are punished (staked value lost), incentivising stakers to validate correctly. The greater the financial value of a staker's investment, the greater their incentive to validate correctly. And so, the greater the total value of staked tokens, the better the security of the network. Greater total value of staked tokens increases security by making it more expensive to mount attacks on the network. This is fundamental to PoS.

Simple supply and demand also dictates that as more tokens are locked up in staking contracts, the price per token will increase.

>>3420540
why would anyone improperly validate a transaction?

>>3420540
also thank you for a real response

>>3420579
To mount attacks on the network. If you can validate false transactions you're printing money.

>>3420593
No problem. You raise some good points I hadn't previously considered.

Can we talk about the numbers.
At 1% transaction fee, if there is $20 billion being transferred a year that makes $1.47 a coin.
That's from the palm beach pdf.
Have they released any figures yet? What they are planning exactly in regards to fees?

>>3420540
>Simple supply and demand also dictates that as more tokens are locked up in staking contracts
also this is why i raised the transaction volume capacity earlier. if the system is able to process 1 million transactions per second, this supply and demand point doesn't make much influence.

your coins are only going to be locked up for a split second. so I don't think the price will increase much due to unavailability.

>>3420707
Coins will be locked up for months at least. I've seen up to a year.

>>3420593

Who says "utility coins" can't be used as currency? "Currency coins" do not exist because they are not special in any way. If anything utility coins should be FAR MORE valueable than mere currency coins because you can use them as currency AND they have utility.

For currency coins the bottom is $0. For utility coins your bottom is the actual utility provided. Which coin do you rather store you holdings in?

>>3420579
I spent forever explaining this to you!

>>3420753
I'm a professional retard wrangler

>>3420837

Putting THIS much effort into fud
Nice, just bought another 100k

Guys stop falling for the bait what is wrong with you. This guy is obviously a moron/trolling.

Been balls deep since the beginning. OMG taking me to the promised land of cars, house, and whores. Thank you blessed Jun and Money Skelly

>>3420901
>Nice, just bought another 100k
This, unironically.

tfw i move to thailand, buy a couple of ladyboys with my OMISEGO money and subsist on a diet of mcdonalds

>>3420912
It's not about the fudding retard who literally admits he holds thousands of OMG, it's for the newfriends who read that shit and think it's legitimate. The guy I was talking to literally asked
>why would anyone improperly validate a transaction?
>why would anyone see value in counterfeiting money
When I was new I thought that Cripple might be a good investment. I was thrown off of good cryptos because I didn't understand all the issues that come into play in terms of value. But if some newfriend reads this "conversation" between me and our undereducated fudding buddy here, then they will have enough info to see things as they really are and whether or not they chose to hold OMG, at least they have a reality based foundation of information from which to make that choice. tldr I'd like us all to make it

>>3420985
>nomises will never know this feel

>>3421102
I see. Then keep spreading the wise gospel of OMG friendo. Thank you.

>>3421102
I'm just a bystander, but taking for making /biz/ a better place. It's hard to find good discussions going on around here, everybody's paranoid and thinks people can be classified only as shill or fudder.

Are there any other coins you're interested in besides OMG?
I'm currently researching promising ICOs. Mobius Network and NapoleonX look interesting to me, but I'm not sure I'm entirely convinced.

>>3419943
Have you ever touched a girl?

>>3418693
>this is reddit now.

kek

Thailand is RIPE
I know this is all just projections and outlook but it sounds like they are ready to bust their techno nut.

> Largest concentration of cell phone users in south east asia.
> Citizens spend way too much time on their phones than all other in SEA.
> SEAsians do a shitload of e-commerce from their phones and on the internet.
> RIPE for wallet based services and getting these fuckers connected to the OmiseGO PLASMA CHAIN for their e-commerce needs and getting their partners developing on the OmiseGO network.

http://www.oxfordbusinessgroup.com/overview/stocking-food-and-beverage-health-and-beauty-and-online-platforms-are-key-segments-0

1) Plugged In

Another one of the rapidly growing retail subsectors in Thailand is e-commerce, which, although relatively recently introduced to a market that possesses a well-established affinity for mixing shopping and entertainment excursions, nevertheless has recorded steady double-digit growth rates. Starting from a low penetration base and accounting for only a fraction of overall retail purchases, the upstart segment is already making waves in the industry and has attracted the attention of some of the largest retailers both in Thailand and abroad.

Leading retailer Central Group acquired the Zalora Thailand online retail outfit in August 2016, successfully buying out a potential rival and substantially bolstering its e-commerce capabilities. The market has also attracted the attention of Jack Ma, the billionaire owner of Alibaba Group, a successful Chinese online marketplace. Ma, the second-richest man in China, told local media that he was interested in further developing e-commerce in Thailand and specifically in forming a joint working group with the Thai government to formulate an action plan for e-commerce development, including an effective e-payment system.

dont mind me, just jerking off. pic related.

>>3418574
you're right. Dividends have been one of the easiest sources of calculating value in shares/businesses for years. I know that coins aren't shares, but if something has a dividend, you can calculate minimum value by dividend per unit multiplied by a growth rate, and discounted into the future.

DCFs are probably unheard for most of these 'investor' retards. I still hold OMG because of the greater-fool theory.

>>3422327
Don't understand what point he's trying to make here

>>3421414
asking the important questions.

meme lines melt steel beams

>>3418532
new blockchain for OMG coming out q2 2017

>>3417422
>Why are you, literally, not holding any OMG?
Because I literally have been holding OMG for literally a while now, cunt. Fuck your mother if you want fuck. Also, thanks for the pep talk.

Just bought back in boys. Can't wait to see where this is at in a month.

How does OMG have such perfect waves? It makes trading way too fucking easy. No other coin has it this good

so we're expecting some action around the 18-20 Sep Techcrunch conference where Jun will be speaking, are there any other notable dates to keep an eye on or is that it?

>>3424313
The whales behind it jerk off to TA

Mr. FUD back here with renewed criticisms.

I just watched the golem presentation again. The 2nd presenter obviously put little emphasis on the notion that high values to OMG are expected. Like the poster here claims, it "benefits the security" of the network by making it more expensive to attack, but they made it very clear that OMG is a companion chain to Ethereum.

So it's "at least as secure as Ethereum". He even brushed off the notion when thinking about OMG value -- he says "either way...it'll be at least as secure as Ethereum."

The highest possible security argument just seems like a poor economic incentive when your starting point is Ethereum-level security.

SO i ask you OMGtards again -- where is the value of your transaction confirmation utility mechanism beyond just being a technical toll booth?

>>3424398
OMG is moving onto it's own blockchain this year isnt it?

>>3424398
You literally asked why anyone would want to spoof a transaction. Don't act like you know anything about anything.

>>3424426
haha thats funny but why does marginal security improvement provide token value when you're already starting from ethereum level security

>>3424313

When discussing OMG, please refer to them as Curves. Ride 'er nice boy, be gentle now, ya hear?

>>3424444
Why would you evaluate security when you are unfamiliar with basic security concepts?

>>3424557
>>3424444

guys someone tell me that the animation for the leaked Apple face unlock shit dosent look like the OMG logo

https://twitter.com/_inside/status/906576509464440832

>>3424398
So new person jumping into the thread not directly responding to that, but I feel like it's fucking simple.

Why does any coin have value? Because of people fucking holding them, and the more people that want them the more valuable it becomes because it becomes scarcer.

Value goes up because you don't want to end up with someone buying out every single token at $1 and doing nothing with them, since that would be the end of the network.

Isn't this extremely basic? Besides, didn't the presenter in the 2nd video also explain that the tokens would be used as a neutral store of value during the exchange between two currencies? Instead of directly swapping two currencies, it was my understanding that the parties would trade OMG tokens, then those tokens would be converted to the currency of choice, or am I wrong on that?

If that's the case, then the value absolutely comes from the scarcity, like any other currency coin instead of utility coin.

>>3424691
hm, not to me.

>>3420327
It is coming Anon. Just hold strong. The holy trinity is working to disrupt the current institutionalized masses. Soon you will be free.

HODL.

pic related.

>>3424691
Why yes. Yes it does. AS FUCK

>>3424691
holy fuck this confirms it!

You guys seeing this OMG buy wall?

>>3425328
Fuck my buy orders are at 270K, I'd like this wave to crest down

>>3425385
At this point you should realize that if you really want in you just need to buy in. Waiting for dips you're gonna stress yourself out and miss opportunity.

JUST BUY AND HODL

>>3425315
I mean this is just so fucking wild I mean COME ON. What the hell like that looks really similar like am I losing my mind here or what

>>3425514
Yeah no denying it looks like it, no way could omise be this integrated with apple though. Will def be watching Tuesday to see

>>3425480
>hodling
>with such stable waves
If you arent daytrading half of you OMG at all times you are a living meme

hmmm

>>3425591
We will deal with that in a few months, not relevant right now

>>3425562
I'm retarded, I have been trading OMG for 3 days and just went from 41.9 to 44.7, I think I'm too conservative.

>>3425315
>https://twitter.com/_inside/status/906576509464440832

Why the fuck did you photoshop this bro.
I'm all in OMG (25000+ OMGs), but I don't want fake shit spreading.

I went thru the video and this frame never shows.

>>3424691

Blues are very SLIGHTLY different.

>>3417778
What rumours have you heard?

>>3425698
Ya whatever fud boi

Trips I go all in

>>3426082
>not already being all in

>want to go to sleep
>the wave is about to go back up and I already bought

>>3417422
OMG owners confirmed to have the tiniest penises based on how many support group threads you fags shill

>>3417422
I just wish the devs weren't such cunts. they repeatedly try to blow up the price by giving fake shit news and you retards bite every single time.

>they still dont get it

>>3418622
it is unquestionably and completely over valued right now. get out today and maybe get back in once that devs have proven themselves to be more than some dudes who want to buy in on the crypto fad.

Let's say Apple news conference and techcrunch conferences come and go without anything significant.

What is your game plan?

>>3426522
They have a really solid marketing team this means they care about the value of OMG unlike 0x or iota their marketing was shit the devs literally said they dint care about the money AFTER they took the ico money look at their coins now
OMG has a caring team and that means alot

>>3426522
Another prove of their solid marketing is when they fearlessly said in the golem conference that they have no partnership with golem right before golem crashed and died

i lost half my omg's day trading

>>3426596

Just. Stop

>>3426535
I actually can't wait for you fucking mongs to be btfo at this conference... Cap this... If you don't sell just before the conference you are retarded

What price are you setting the stop loss at in preparation for the conference?

>>3426718

This coin is too stable for your faggotry. Bow does to the omisegods nocoiner.

My stop-loss is set at $400

>>3426733
I have OMzg and I'm dumping at conference, overhyped and WILL drop

gonna end up getting crashed on waiting for this fucking news, I just know it

>>3426718
>>3426896
>>3426897

Or, there could be news worth the hype. These guys have a marketing team, they know the value of hype. Either way I'm holding till at least the New Year.

>>3417580
What if that PDF was "accidentally" leaked on purpose and it's the best planned out pump and dump in the history of crypto?

>>3426925
Don't be a delusional omgoy there is literally 0 chance the apple key note will mention OMG... Some pale pasty moron might even ask about it during Q and A only to be greeted by looks of pure confusion

>>3426925

I mean the the whole market in general, BTC crash

>>3426955
What if it goes sideways?

>>3426951

>>3426951
I was talking about https://techcrunch.com/event-info/disrupt-sf-2017/#speakers

But yeah I dont think the Apple rumor is priced in, I doubt we'll see a substantial drop after the iPhone X unveil on Tuesday. Aren't we also getting listed on Binance tomorrow?

>>3427013
Tht conference is purely about ICOs... Bancor are talking there lmao, no news coming. We saw a massive pump when the apple rumour spread so I think it's priced in

>>3427028
>We saw a massive pump when the apple rumour spread so I think it's priced in
can people please stop with this rumors are priced in meme
a lot of people dont even know about the apple skateboard sticker. and most people know it doesnt mean anything.
even if a rumor were priced in, actual confirmation would sent it even higher

Good News everyone!
We have broken the Batman Formation!
It can only go up from here!