Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
didn't think adam would sell his account
mmmm... yeah... that kind of comments are not adam's comments... shit happens!
How hard is it to believe Adam just comes here to pump shitcoins now?
not shitcoins, shitcoin.
there's a difference.
anyway its not about the shitcoin itself its about what the shitcoin represents.
seriously, this is a very cool thing ( OMNI ) the coin itself isn't all that interesting its the functionality the "OMNI layer" provides thats exciting.
basically "OMNI layer" resides on the bitcoin blockchain
it allows you to create assets on the blockchain
it also provides a decentralized exchange for these assets.
grab a front row seat.
its going to be a good show.
yes it is a fascinating development, http://www.rsk.co/ is another one doing smart contracts on the blockchain, great news for bitcoin with all these developers showing the dream - a basic decentralised finance of exchange (btc) that can be built upon to build a decentralised financial economy
ya these things are pretty cool
each project takes a different spin on it,
this one has a coin with a two way peg.
OMNI has USDT.
Ether Tries to do it all. ( but has its own blockchain... which has proved to be week
)It's going to be interesting to see these projects grow / compete.
Actually Adam, no it's not interesting. At all.
Every new shitcoin that comes out has some sort of new "angle" or "tech twist" that the pumpers know they can exploit one day. They buy a lot of the shit on the low for the first 6 months after launch, all the while looking for a way to hack/exploit it. Once they have the perfect exploit in their back pocket, they run the coin up to the moon, all the while touting the "gee-whiz-it's-better-than-anything-else-especially-dinosaur-bitcoin" features. All the n00b suckers pile in, wishing and hoping for dreams of riches, gloating that it'll take over everything 'cause it's 2.0.
Then, out of nowhere, the hack/exploit happens. The pumpers short the market, crash the coin, and all the fools watch as the price of the shitcoin plummets back to earth.
It's the same shit over and over. Wash, rinse, repeat.
When will people ever learn?
this time its different.
this time the shitcoin isn't trying to "take over everything 'cause it's 2.0"
the coin depends on bitcoin...
how would you like to trade BTC/USD in a decentralized way?
maybe you need to create a token to represent shares in your company and automatic pay out BTC dividends to holder, and do this WITHOUT a third party
decentralized crowd sale!
you like? bitcoin provides!
ethereum does Some of this but it created its own blockchain ( and that worked out REAL nice didnt )
OMNI layer is on the bitcoin blockchain, and uses bitcoin addresses and bitcoin TX to do its thing..
what's good for OMNI is good for bitcoin and vis versa.
this is permissionless innovation at its finest.
yeah rome was not built in a day
yes there is going to be scammers, there everywhere
but the real developers give them notice and the time, this is great for the people that they have an option, either use a bank and their new "Utility settlement coin" or use bitcoin a decentralized financial economy