/biz/ - Business & Finance

Omg has been playing 4d chess for years and people will want to kill themselves when they realized they could have got it for $1 or less not to long ago. The gains are going to be intense and rapid like Tyrones thrusts into matic Indian clones and zkrollups women.

>Low 120m circulating not including omgs staking bags
>ran by an existing fintech company not some shitty wannabe startup
>massive amounts of tokens locked in staking contracts in a short time frame. Anything past %60 is drastically going to affect supply and demand.
>tether and toyota are the first two public use cases out of hundreds+
>exponentially rising transaction volume on the network increases rewards for staking while overall supply starts to dwindle sending the price to triple digits
>same security as eth since it's actually a childchain not a sidechain
>1/3rd of the fee for transactions compared to eth, will be even lower in the future
>fast as fuck
>4300 tps to start, can blow by 100k tps with a handful of more childchains setup, speed exponentially increases per chain
>if eth gets faster due to sharding plasma(omg) gets faster at an even bigger ratio.

Even Poon abandoned the lightning network after co-authoring the whitepaper and realizing the scaling wont work out like it should and moved onto writing the plasma whitepaper with vitalik saying plasma will be everything LN was supposed to be and better. Lightning was fucked years ago but BTC maximalists, the dwindling supply, and manipulation are the only real reasons it is where it is right now. BTC might not be going anywhere soon but if you tribalistic fucking retards think LN is the end all be all then you will miss out on the potential google or Amazon of crypto because you were busy buying up AOL at the chance of a 10x from 9k.

Glhf dumbshits.