/biz/ - Business & Finance

>tfw holding since October

200.eoy

>>8847783
mathematically impossible.

>>8847799
What math are you doing?

>>8847816
The fees are going to be too low for 200 dollars and the market cap would be too high.
I'd expect 24 dollars EOY. Maybe.

>>8847799

>>8847832
How do know what the fees are going to be?

>>8847906
Vitalik's twitter.
>>8847862
>Le ebin migger maymay
kek! Nice one, omise bro!

>>8847916
>twitter
*reddit, sorry.

>>8847916
post it.

>>8847952

any Thai villagers on here? are your villages waiting impatiently to get unbanked?

Do you guys understand this is just a remittances coin for the foreseeable future?

The entire purpose of this coin is to allow some farmers in Thailand to pay their nigger friends in Somalia.

It is not running on any significant institution any time soon. It is not getting adopted by Microsoft and JP Morgan.

So why is this going to moon? People only care when BIG SUPER AWESOME CORP adopts crypto. Nobody is going to get excited even if 100 million third worlders start using this coin.

And if you think you're getting fee dividends when Vitalik forces $0.00001 fees because "muh humanitarianism" lol.

Why are you investing in Third World Coin?

>>8847970
Oh look the miglet is in this thread too

>>8848073

>>8848061
Oh look he's on another device too
Nice copy pasta

>>8848114
>Oh look he's on another device too

>>8848127
>>8848127

>>8848073
>>8848114
>>8848146
The Omisegoys gone insane holding bags.

>>8848317
Stopped buying at 10k sats
Come on dude, I'm throwing you a bone here to continue posting and earning your $5/hr
Be nice to me

Updated the meme post

Can you all say
>RENT EXTRACTION

Hahahhaa omisegay did fuck all in the bull run and all omisegay can say
>muh muh migger

This shitcoin is dead on arrival, just watch recent townhall meeting lol they don't even know how they will get liquidity on their shitty dex

People on reddit are worried about low OMG fees they saw on biz. lol the miglet FUD is actually working.

>>8849371
Yeah mate every omg thread I see a bunch of omg "bros" doxing someone and calling him a nigger.
Not rushing out to buy into that t b h

>>8847735
Just partnered up with Dai and has a Cosmos spoon happening this Quarter, are you really that fucking stupid?

>>8849415
Do your own research, no one cares about your 10 OMG buying power

>>8849442
Idgaf what you think you racist brainlet

>>8848489
Omg went from 20c to $20 in the bullrun though?

Nobody will stake on the network if the nodes aren't profitable you fucking dumbass. Market will determine fee range and if some whale and/or pool tries to spam the system then they'll slow down the processing times and customers will just abandon the chain.

>>8847762
Me too. Oh well. Stay strong bro. It's play money.

>>8849531
Weak fud completely unsubstantiated, why would staking be unprofitiable if it’s backing ethers transaction volume, straight into fiat through dai. You actually have no understanding of the ecosystem
what so ever

This coin has the gayest name you can think of. But at least it's done by a real company and not some exit scam group.

>OMG FUD threads are at an ATH
moon imminent?

>>8849531
>Nobody will stake on the network if the nodes aren't profitable you fucking dumbass
The price will fall significantly and people will stake after that. Don't forget that skelly and omise have 40% of the supply.

plz dump it bitches

I can't afford to stake it and I need a serious fucking price drop to pennies if I'm going to plant a stake on the moon.

>>8849531
that's why there's only 200 nodes

:^)

>>8849659
Incorrect

>>8849664
oh really?

did you watch the latest townhall?

>>8849701
That's for tendermint isn't it?

>>8849786
Tendermint isn't even happening anymore.

Catch up.

>>8849806
Yeah so a week ago they announced the hard spoon for no reason then?

>>8849844
Do you understand what the spoon means?

The Cosmos-OMG is going to Tendermint

The regular OMG is skipping that step altogether.

>The reason the spoon is happening is because Tendermint is basically getting skipped.

>>8849869
That's what I'm fucking asking about. 200 validators is for cosmos, they have not confirmed the number for plasma.

>>8849869
The pessimist in me says they are skipping it because staking rewards would have been shit and everyone would have sold.

>>8849905
Wrong. Watch the 2nd townhall. They said 200 for Plasma specifically.

>>8849844
>>8849869
I thought all that shit was posted on April Fools' Day lol

Just want to point out that there the 200 validators is a maximum number. Which means:

>literally there will be no impact on decentralization, and only a marginal impact on security, if an overwhelming majority of coinholders are pissed at low fees
>The is functionally the same as dPoS but OMG holders conveniently ignore this

>>8850286
It was. It was also true.

>>8850748
200 equally weighted validators is still more decentralized than literally every cryptocurrency.

>>8850821
dont bother with the midget he just changes his argument to something even more retarded like NO PROOF THE COMPANY EVEN EXISTS!!!!!111

>>8850831
There's proof it's there. But it only has an income of about 1 million a year.

>>8850831
just dismissing everyone as the midget doesn't look too great either man

>>8850863
Prove it

>>8850821
You don't understand my point.

Sure, 200 is """"good"""" decentralization as far as the highly oligopolized blockchain goes, but the problem with 200 validators is that everyone in the OMG ecosystem outside of those 200 IS completely irrelevant for fee governance issues.

What happens when fees really start being competitive?
What happens when Vitalik tells people to get costs down because humanitarianism?

>as long as those 200 nodes are incentivized, nothing else matters. As long as 200 people can take home $1 million a year through OMG, they won't lose a god damned thing putting fees so astronomically low that the common man staker has no fucking reason to care

>>8850831
This type of shit makes OMG look worse. You idiots should really stop assuming there is only one person in the world who has anything to say against your coin. It's honestly very strange.

this project needs an angry tripfag bear poster to notify us daily, hourly, and threadly about the bleak outlook for any price action. midget isn't getting it done

The fees are going to be a minimum of $10 a year per coin. This is specified in the whitepaper.

Weak fud guys

>>8850873


>>8850891
Theres a reason Everyone calls fudders miglet or migger
Because for.months there was zero talk about omg
No shilling, no fud, nothing
Then an anon came along and started making several fud threads daily, all material was the same, same posting habits etc...
It's all one guy

>>8850931
>It's all one guy
>I literally randomly assume it's one person
>It's all one guy
See the issue?

>>8850936
Go to the omise reddit page
Hundreds of posts all from the same guy, uses exact same material here on 4chan, same posting style...

>>8850949
sad if true

>>8850949
Do I talk like him? No?

Then why the fuck is it being brought up?
Maybe you Omisegoys should start worrying about legitimate FUD against your coin instead of whether some stupid nigger is doing it.

You guys really have a problem that
>fees are going to be competitively whittled down to nothing over the course of the next few years, and
>vitalik "rent extraction is the devil refugees welcome here" Buterin is a major influence on the project

Are you really sure the people outside the Top 200 are going to have any significant say in the project?

Wait so OMG is used just to pay the .0001 in fees? BAHAAHAHA

It's just a glorified reqt

>>8850989
Its not legitimate fud
Its fud for retards who don't understand the project
I'd rather shit post then refute intentionally retarded arguments

>>8851029
You're more than welcome to enlighten us all as to why it's retarded.

>inb4 fees are "dynamically determined" by a governance mechanism that OMG and Vitalik control anyway
Really makes you think

The stock market comopany of crypto. Boomers will love their 5% gains a year

>>8851058
Vitalik has no where near as much influence over the project as you seem to think they do
Remember that omise controls omisego, Vitalik is blockchain advisor

yeah i was in OMG now i got into Wanchain same premise of PoS nodes and passive money but ppl actiolly doing something.

>>8850989
You are conveniently ignoring the fact they gave the 200 validators number as a rough guide to when staking kicks off...the way jeremy was talking the number of validators will increase. also staking pools will be a thing..

>>8851100
If you paid attention to this project, you'd know how intertwined the teams are.

Vitalik is the mastermind behind Plasma, which OMG is entirely reliant upon for its DEX. Yes, they're implementing it, but it's being done to Vitalik's specifications. They just changed the specs twice this year already -- for MVP and Plasma Cash, because Vitalik changed his mind about the optimization.

They are integral partners in the Ethereum ecosystem, from the Community Fund to sharing Aya as the Managing Director of the Ethereum Foundation. Literally everything they do is extend a grant, make a donation, help refugees, humanitarianism, blah blah blah.

This is much closer to a charity than most of these people understand. They're literally in this to make money as a decidedly secondary motivation after """changing the world"""

And when you have access to a billionaire like Vitalik Buterin, can you really blame them for that perspective?

>but it does absolutely nothing to help the common holder

>>8851159
Anyone familiar with Casper development knows that when ETH community people say something like that, it's years off.

I'd be shocked to see 200+ nodes before 2020.

And about staking pools, again, the security gained by enlarging the pools with your coins is marginal at best. The top 200 wallets control a ton of coins already.

Would more technically add some security? Sure. Enough to make fees uncompetitive and rent extracting in Vitalik's eyes? No way.

Vitalik thinks only 10% of Ether will wind up being staked.
>what the fuck does that tell you

Lmao anyone who has read more than 2 pages about OmiseGO see through these shit attempts of FUD, migger newfriend. Keep it up though its highly entertaining

>>8851247
Keep waiting months for this to hold still while litterally every other coin moons.

>>8850891
>This type of shit makes OMG look worse. You idiots should really stop assuming there is only one person in the world who has anything to say against your coin. It's honestly very strange.
I came to say this. Every fucking OMG thread in the past fews days just turns into a shitfest about some nigger on Twitter. Get over it faggots

>>8848389
>>8847970
You do realize that's PER tx right? Holding 100 OMG will grant you roughly 3000 USD a year, all passive income.

Last time OMG was fudded this hard it pumped 20%+ and no more fud for a few weeks.

>>8851879
>Holding 100 OMG will grant you roughly 3000 USD a year
Absolute delusion.
Holy shit.
Even the most generous estimates put it at 1 dollar a year per token.

>>8851992
Strange that all arguments are in fact projections and impressions.
To me OMG is a crypto project that could deliver. If they deliver and it suck or not deliver at all aka abandon the project, then we have arguments.
I hodl 1kOMG and I'm willing to wait.
Untill now I am happy that unless it is not FUN.

>>8851992
That one dollar a year is not an estimate by ANYONE. That one dollar is what the migger made up a couple months ago and made a few threads every week about it on here.

With just the transactional volume of the omise company itself, it would make you much more than 1 dollar a year per token.

And FYI, that would still be a 10 precent yearly return.

You people forget that there will bee an additional %-fee from every transaction also, estimated about 0.5%

So from every 100 dollar transaction there will be that 0.001 dollars + 0,50 dollars

>>8852075
>And FYI, that would still be a 10 precent yearly return.
Worthless in a high risk asset.

>>8852085
What the fuck are you talking about?
10 precent is 10 percent.
You're free to sell your gains every month so you can hold your dollars.

How the fuck do you think bitcoin miners can handle this volatility? It's because they sell for dollars immediately.

Someone get this nigger a cape! he has our best interest at heart and he's trying to save us one at a time. You cant save me though nigglet, im balls deep in this bitch

>>8852100
>Defending shitty 1 dollar per year returns
COPE
OPE
PE
E
That's a generous estimate by the way, it will likely be lower.

>>8852168
Show me some numbers? Because people estimate omg tokens being priced in the hundreds when the network is up and running. $1 from a $300 token is way too low.

Just buy and hold OMG tokens for the long term and be gobsmacked about the returns when it goes live :)

why is everyone on biz so intentionally obtuse when discussing omg

>>8850989
>Are you really sure the people outside the Top 200 are going to have any significant say in the project?
But many of these top wallets will be staking pools with thousands of participants.

>>8853794
to disguise their weak understanding

>>8847735
Has there even been any code update or anything since last summer?

Honestly, if the skateboard bullshit didn't put you off, that new age fee-fee stroking shitpost of a roadmap should have had you running for the hills.

>>8847832
Literally suffering from brain disease, thinks when working platform and plasma is out it will test ATh, your IQ is negative