/biz/ - Business & Finance

[Anonymous No.11989698]

anyone still hold OMG? what happened to 2018 rock year? plasma coming soon?

[Anonymous No.11989714]

Just buy and forget. $700 soon.

[Anonymous No.11989715]

Check back in 6 months

[Anonymous No.11989730]

>>11989714
GOOKED

[Anonymous No.11989732]

>>11989714
700?

anon, i...

[Anonymous No.11989759]

Yes I fell for it, but the fat lady hasn't sung yet. Will make. My judgement in 2020

[Anonymous No.11989810]

>>11989698

[Anonymous No.11989818]

>>11989730
Hahahahaha

[Anonymous No.11989821]

>>11989759
respect the commitment on that. hope they don’t get too much heavier

[Anonymous No.11989906]

Plasma and staking etc still yet to come, i don't ee any fundamentals that has changes on this nice token. Its just that the market is bearish, cant expect moon when the big index ( BTC ) is bear, right? =]

[Anonymous No.11989966]

jun ditched OMG and started his own investment firm

[Anonymous No.11989998]

It's ogre. If you look into plasma development you'll see that every variant has some indigestible tradeoff that makes it unsuitable for real commercial application, and this is the variants who are basically propositions.

There is no proposed solution for plasma that fixes all the problems at once.

If you look elsewhere and really dig deep into other 2nd layer scaling solutions, you might figure out which one is going to win the race when it comes to generally applicable scaling. Every project on ethereum. Every project that includes a token, if only for payments (hi chainlink) is itching to scale and are waiting for this necessary building block.

Whatever project that wins the race to being the go-to 2nd layer scaling solution on ethereum is the only project that will come close to being as important as ethereum and chainlink as infrastructure for the smart contract fintech ecosystem, the 4th industrial revolution, over the next 2-3 years.

[Anonymous No.11990015]

>>11989698
FUck it I sold everything at 3.50

[Anonymous No.11990049]

>>11989998
Scaling solutions don't need tokens. Skelly already murdered Raiden for their shitty funding token cash grab.

[Anonymous No.11990057]

>>11989698
lmao buying something called omise go

[Anonymous No.11990121]

Jun deserves to have his ass kicked for knowing this project was shit and shilling until hjs tokens unlocked.

[Anonymous No.11990148]

>>11989698

[Anonymous No.11990150]

>>11989698
The OmiseGooked team is very thankful for your money, sir.

[Anonymous No.11990174]

God omg sucks lmao
So glad I took my 10x and dipped

[Anonymous No.11990195]

>>11990049
>scaling solutions don't need tokens
It depends on how they achieve trustlessness. Raiden's model doesn't. Omisego's initial idea of how plasma would work out and how they would deploy it did need staking tokens for game theoretic security and validator nodes.

Someone might say "yeah but they could just use ETH as the thing to stake", but that is not anywhere as secure. I will explain why.

1: Depreciation in value of attack weapon.

If If you use ETH for a staking attack on a 2nd layer scaling solution, your ETH is still worth something. Thus, the cost of a successful attack is not necessarily the same as the buy in (in ETH) to be able to execute the attack, because your weapon (ETH) retains value after the attack.

2: Liquidity based exponential attack cost.

If you have a dedicated staking token, a lot, if not most, will be actively staked at any time. If someone attempts to buy in to attack the network, they will push the price of the remaining tokens in existence upwards and upwards as they buy more, making the attempt at acquiring majority staking power more and more expensive. Ultimately, due to #1, even if they succeed, all the tokens will be worthless after they execute the attack, because no one will want staking tokens for a compromised scaling protocol.
If what was staked was ethereum, then it is much easier to buy enough ethereum without moving the price of ethereum prohibitively in order to get more ethereum to stake than others stake for that 2nd layer, because a much lower amount of ethereum will be staked in validator nodes for that 2nd layer scaling solution compared to one's ability to purchase ethereum on the market and how much price pressure that would incur.

People often misunderstand or miscontextualize (or in this case decontextualize) what popular blockchain space leaders mean when they criticize X Y or Z. Raiden was criticized because there was no benefit to the token existing for Raiden's specific scaling solution.