RE: Omise/OmiseGO Ecosystem Primer

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Omise/OmiseGO Ecosystem Primer

in omisego •  7 years ago  (edited)

I love the enthusiasm but...

  • 25 million divided by 1 ETH each was a very reasonable limit. Public presale that required registration helped ensure distribution
  • 513341 token holders
  • Those are pretty weak arguments against plasma. For example - if it was doing 1 billion tx/s and was successfully attacked it could take years for people to get their money back. Doesn't that also mean at Visa's 24,000 tx/s level it would take no more than a few minutes?
  • I know of other decentralized exchanges but no other blockchain acts as the settlement layer for real life transactions
  • Those people who bought at the ICO are up about 25X on their investment.
  • Lastly, I trust the team - they're awesome humble individuals who look for "win-win" solutions.
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  • most of 513341 token holders is the 5% airdrop, doesn't count, 29.9% + part of airdrop held by 1 group, 65.1% held by few dozen people that could easily all working together and no one else can enter b/c cap, 5% distributed to give a fancy number like 513341 holders that means virtually nothing at fraction of a %.

  • registration doesn't help distribution, it limits it, and easily gameable and limited only to people who can do it.

Those people who bought at the ICO are up about 25X on their investment.

eth and onecoin are centralized vaporware and wereup a lot too, go figure, fraud pays off in crypto despite all experts universally despising onecoin/ethereum

doesn't make it more decentralized. plus only a few permissioned people were able to get in anyway - problem with the premine.

Omise is backed by mega money and far from being a decentralized exchange is looking to become thailand / Southeast Asia's #1 payments processor and e-payment provider. A fine, mighty corporate (centralized) model. For a true decentralized exchange, wait for Bitshares DEX Thailand which will be operational soon. Check @apasia.tech for further details ...