/biz/ - Business & Finance

[Anonymous No.19580376]

>each token will represent 1/10th of the value of ETH in the next week or so when the mainnet goes live
>each token is currently 1/140th the value of ETH
Honestly who the FUCK isn’t in this token yet

[Anonymous No.19580413]

> This is gonna 14x
Because.

[Anonymous No.19580424]

OMG is 2017 meme

HEX3T is only thing that matters.
Plenty of potential.

https://uniswap.exchange/swap?inputCurrency=0x3b0e3593ad6e4a7f69cacf70191eecdb243bbda8&outputCurrency=0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2

[Anonymous No.19580466]

I’m in, I laughed at the memes about OMG for a year now but this tether shit changes everything. I’m a Omisegoy now

[Anonymous No.19580499]

>>19580376

Let them miss out.

[Anonymous No.19580524]

>>19580413
Tether represents 1/3rd of ETH network transactions. OMG Network will charge 1/3rd the fee rate of ETH. 1/3rd of 1/3rd is 1/9th.

There are 140 million OMG (final count) compared to 110 million ETH (still growing). Overall this means the current value of the OMG Network is 1/10th the current value of ETH. That’s basic math. OMG Network is able to handle everything that ETH can.

Whether the price will reflect this is another matter, but the likelihood that the price will go up significantly is huge. 10x or 14x I’m personally not so fussy.

[Anonymous No.19580548]

>>19580424
>shilling a vapourware literal shitcoin in a thread about a token made by the largest payments provider in SE Asia
Hope you’re getting paid for that at least

[Anonymous No.19580642]

When staking?

[Anonymous No.19580657]

>>19580642
Never.

[Anonymous No.19580823]

I'm split between this and Loopring, which 2 layer solution will see more gain?

[Anonymous No.19580915]

>>19580642
>>19580657
Staking soon as “watchers” But you still get the same rewards until the team is happy the blockchain is running smoothly and there are no unexpected bugs. Then full staking will commence.

[Anonymous No.19580940]

>>19580823
I would buy a bit of both desu, but I think OMG is definitely a more broad and standardised solution. Both the sender and receiving address have to own loopring to use it, which is a slight downside for adoption IMO. I can definitely see why tether when with OMG if that’s the case.

[Anonymous No.19580994]

>>19580466
same unironically, lmao.

[Anonymous No.19581036]

>>19580376
you're the same anon shilling this shit daily (and you did it in that linkies sent to wrong address thread).

[Anonymous No.19581048]

>>19580524
traffic does not drive prices up dumbass. when tether moved to ETH the price of ETH did NOT increase due to all that increased traffic. it was a nice theory but it is ignorant of facts - traffic does not drive price. sorry you're stupid

[Anonymous No.19581118]

>>19581048
Wait why wouldn't more tx fees increase price?

[Anonymous No.19581120]

>>19581036
no that was me anon

[Anonymous No.19581150]

>>19581048

>he really thinks this

[Anonymous No.19581158]

>>19581048
>more transaction fees for stakers won’t increase the price
Did you think about that at all before you posted it?

[Anonymous No.19581189]

>>19581158
>>19581118
There's literally zero staking right now retard. Sure there's some vague promises of "staking soon* but no concrete plans or dates. It could be years and by then ETH could have scaled on its own.

If anything this will increase the price of eth since more people can use it again without paying $5 a transaction.

[Anonymous No.19581260]

2k omg, i can afford another 2k, shall i do it or wait a bit?? The other stack is into ERD i rly dont wanna sell erd and go all in omg,

[Anonymous No.19581279]

i remember making $4000 daytrading this back in 2017. good times.

[Anonymous No.19581281]

>>19581118
>>19581150
>>19581158
the theory was tested when tether moved to ETH - ETH's price did not increase despite all the traffic
>Tether represents 1/3rd of ETH network transactions
theory: fail

[Anonymous No.19581286]

>>19581189
There’s no staking on ETH either retard, and ETH staking is much further away.

[Anonymous No.19581306]

>>19581120
Stop. Not done accumulating.

[Anonymous No.19581309]

>>19581281
Tether was already priced in at the time because the price of ETH is based on speculation about future adoption. If ETH has been severely undervalued like OMG is, then the price would have moved.

[Anonymous No.19581326]

How will this not be obsolete with ETH 2.0?

[Anonymous No.19581334]

>>19581189
You’re unironically a brain let anon, I’m sorry to tell you. ETH staking is even further away than OMG which is exactly why OPs calculation still makes sense, they’re in the same position so you can compare them quite easily.

And yes, it might have a positive affect on ETH price too, that is irrelevant.

[Anonymous No.19581416]

>>19581326
I see people post this shit all the time. ETH 2.0 doesn’t exist yet. It’s 2 years away at a best guess. Obsolete doesn’t mean it will be useless in 2 years.

In reality ETH will need both OMG layer 2 AND ETH 2.0 because business adoption requires more than 1 scaling solution to work in tandem. This is why the EEA posted their standards a few days ago and stated they recommend using layer 1, layer 2 and off chain scaling techniques for business application. OMG Network scaling also scales ETH 2.0 and together it will allow upwards of billions of transactions per second, which is exactly what businesses want in order to adopt ETH as the smart contract solution

[Anonymous No.19581459]

>>19580940
Both the sender and receiver have to own and deposit OMG.
You don’t even know what you’re shillingz

[Anonymous No.19581473]

>>19581281
Kek, anon please don’t make a fool of yourself like this

The price of ETH is based purely on what people think staking rewards will be like in the future. This is based on transactions on the network, just like OMG. You think the price of ETH is magically based on something else and that staking rewards don’t affect it? You’re completely wrong and as this anon said >>19581309
the speculation was already priced in

[Anonymous No.19581490]

>>19581459
The receiver doesn’t have to own OMG, where are you getting that from?

[Anonymous No.19581542]

>>19581286
>>19581334
I've been in and out of this shitcoin since June 17 and since then they've been promising staking as months away. I would bet my entire crypto stack that ETH staking is launched first. They say it's not far away but come on, they can't even give a timetable or any sort of details, or even confirm for a fact that it's actually coming.

I don't know enough about the product currently since it's changed so many fucking times but from my limited reading it seems like some sort of half assed centralized system with Bittfinex overseeing all the transactions (LOL) as if tether needs less transparency. I bet they'd need to redesign from the ground up to add decentralized staking.

Buy Kyber if you want staking rewards in the next couple months.

[Anonymous No.19581666]

>>19581309
>>19581473
you morons don't get it
>>19580524
and neither does this faggot. transactions on the network do NOT drive price, this has been proven when tether went to eth, it had ZERO effect on price despite the fagload of transactions it brought to the network. OMG could absorb a ton of transactions and that would still not drive the proce of OMG up. you retarded faglords are going toneck when yourtheoretical gains fail to materialize

[Anonymous No.19581679]

>>19581542
Anon the documentation for setting up a watcher network is already up as you can see here
https://docs.omg.network/

They intend to run watchers and let OMG holders stake as watchers as the next step. Vansa the CEO confirmed this in this interview which is on their website

https://omg.network/vansa-chatikavanij-nugget-news/

Sorry anon but your OMG fud Khyber shill isn’t gonna fly here. OMG staking will be in the next free months and ETH is still years away.

[Anonymous No.19581706]

>>19581666
>staking return doesn’t affect price