/biz/ - Business & Finance

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OUSD Anonymous Mon Nov 16 21:15:35 2020 No.23982623 [Reply] [Original]

ONONONOUSD

Anonymous Mon Nov 16 21:25:01 2020 No.23982826
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>>23982623
https://medium.com/originprotocol/urgent-ousd-has-hacked-and-there-has-been-a-loss-of-funds-7b8c4a7d534c
>At this time, there has been a loss of funds of around $7M
>We have disabled deposits to the vault. Please do not buy OUSD on Uniswap or Sushiswap as the current prices do not reflect OUSD’s underlying assets.

>>	Anonymous Mon Nov 16 21:28:34 2020 No.23982912 >>23982826 >buy buy buy buy >no we advertise that you don't kek

>>	Anonymous Mon Nov 16 21:43:46 2020 No.23983258 >>23982623 >>23982826 >>23982912 what does this mean for OGN?

>>	Anonymous Mon Nov 16 21:48:06 2020 No.23983340 >>23982826 Wouldnt it be better for MYSELF to buy at the lowest? Someone tell me why I shouldnt ape in rn?

>>	Anonymous Mon Nov 16 21:48:58 2020 No.23983359 >>23983340 This. Can I profit off the back of this?

>>	Anonymous Mon Nov 16 21:54:19 2020 No.23983463 >>23983258 No idea, I can't imagine it's great news for their reputation. I have some OGN myself but not enough that I'd pink if it hit 0. Was mostly a "just in case it moons" bag.

Anonymous Mon Nov 16 21:56:54 2020 No.23983509
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>>23983463
I just have this strange faith that it will moon. To me this reeks of whale manipulation to cause a slight dump (in OGN, obviously OUSD is temporarily fucked) in order to accumulate massive amounts of OGN before and during the pump to new ATH, which is inevitable

>>	Anonymous Mon Nov 16 21:57:57 2020 No.23983524 >>23983340 team is telling people not to buy, but that just might be because they want it to remain stable. If you get OUSD now at under 10 cents and it goes back to 1 dollar then you'd do quite well

>>	Anonymous Mon Nov 16 21:58:47 2020 No.23983545 >>23982623 Flash loan autists are singlehandedly bringing down the DeFi space. It's over for crypto 'currency'.

>>	Anonymous Mon Nov 16 22:02:18 2020 No.23983625 >>23983545 >>23983545 apparently this has happened to a lot of other coins? I bought some OGN earlier this year and have just sat on it, haven't been actively trading or paying attention to crypto space. What exactly is a flash loan attack?

Anonymous Mon Nov 16 22:17:15 2020 No.23983925

>>23983625
In a simple description: A flash loan is when you borrow money from a lender (AAVE, DyDx, etc), submit a trade, and then return the money you borrowed in the same transaction (keeping any profits). As for a flash loan attack, it's usually targeting part of a currency's code that would allow it to drain the coin's liquidity. It's usually through arbitrage with other coins, afaik. If somebody wants to correct me that's fine though.

>>	Anonymous Mon Nov 16 22:22:21 2020 No.23984014 File: 12 KB, 400x400, ognmeme.jpg [View same] [iqdb] [saucenao] [google] >>23982623 real question is why is OGN pumping during this?

>>	Anonymous Mon Nov 16 22:56:21 2020 No.23984605 File: 1.28 MB, 1024x1024, ICANTSNEED.png [View same] [iqdb] [saucenao] [google] why is there so much support? I thought it would dump but it really hasn't

>>	Anonymous Mon Nov 16 23:00:11 2020 No.23984663 File: 2.69 MB, 2000x2000, F1D12168-1FA1-4464-9A56-DD11FB038269.png [View same] [iqdb] [saucenao] [google] >>23983545 Or you can support competent devs that actually build the contracts to prevent flash loans.

>>	Anonymous Mon Nov 16 23:01:49 2020 No.23984687 File: 1.00 MB, 1416x672, JUSTdamaged.png [View same] [iqdb] [saucenao] [google] WHAT THE FUUUUUUUUUUUUUCK

Anonymous Mon Nov 16 23:04:56 2020 No.23984735

>>23984687
I hope you didn't have money in OUSD. I've been holding a lot of OGN for months now. I really don't want to sell in that I believe this could be a great project, thought this had massive moon potential.

If I sell right now I'd be at 50% loss in terms of dollars...shill me another coin anons. What can I buy on Binance that will save me from being financially ruined?

>>	Anonymous Mon Nov 16 23:17:51 2020 No.23984901 >>23984735 Will they be reimbursing ousd holders then?

Anonymous Mon Nov 16 23:23:28 2020 No.23984985
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>>23984735
please someone shill me coins with 10x potential. I'm still holding OGN...but if it dumps more I might be looking for something else. It actually seems to be recovering now which surprises me

>>	Anonymous Mon Nov 16 23:25:35 2020 No.23985020 >>23982623 >>23982826 >yfw you realize it’s surgery doing these flash loans to shill his dota me project

>>	Anonymous Mon Nov 16 23:36:55 2020 No.23985178 >>23983925 I don’t understand why they have 20 transactions to do this.

>>	Anonymous Tue Nov 17 00:01:30 2020 No.23985541 File: 34 KB, 609x343, 1578537846151.png [View same] [iqdb] [saucenao] [google] Small update for those hoping for a pump. This post might be too late since I wasnt looking at TG though. Not financial advice just be careful bros.

>>	Anonymous Tue Nov 17 00:04:36 2020 No.23985597 >>23985541 I'm surprised OGN itself didn't really dump significantly. But I wonder if there's still a chance it will pump soon. Just sold all my litecoin for OGN a couple weeks ago

>>	Anonymous Tue Nov 17 00:05:57 2020 No.23985620 >>23983545 No, they're just cementing Chainlink as the standard.

>>	Anonymous Tue Nov 17 00:14:31 2020 No.23985711 >>23983545 DeFi is going to be looked back upon as one of the single worst ideas in human history at the rate we’re going

>>	Anonymous Tue Nov 17 00:18:15 2020 No.23985756 >>23982623 Thanks, bought a bag

>>	Anonymous Tue Nov 17 00:19:47 2020 No.23985774 >>23982623 lol, founders must be flying to other countries. they lost +$7M USD funds of clients, users and employees. OGN is fucked up, short this to 0.

>>	Anonymous Tue Nov 17 00:22:34 2020 No.23985805 >>23985774 All of the liquidity from uniswap has been drained. Probably were waiting to drain whales lol

>>	Anonymous Tue Nov 17 00:28:23 2020 No.23985892 File: 19 KB, 639x93, liq.png [View same] [iqdb] [saucenao] [google]

>>	Anonymous Tue Nov 17 00:29:42 2020 No.23985908 File: 16 KB, 1373x64, rugpull.png [View same] [iqdb] [saucenao] [google] >>23985892 5 minutes later: rugpull

>>	Anonymous Tue Nov 17 00:44:11 2020 No.23986141 File: 44 KB, 759x238, hacker.png [View same] [iqdb] [saucenao] [google] >>23985892 https://medium.com/originprotocol/urgent-ousd-has-hacked-and-there-has-been-a-loss-of-funds-7b8c4a7d534c they are pissing their pants.

Anonymous Tue Nov 17 00:46:02 2020 No.23986168

>>23982623
KEK

-

Two $50 Amazon Gift Cards! (Free & Verified)

https://twitter.com/tjeezyyy/status/1328234053942747136

I'm doing a minimum $50 giveaway every episode and as sponsors increase so will the prize amount. Something big planned for Episode 10.

All draws verifiable thanks to Random.org's third-party paid drawing service and made readily available.

Who doesn't like free?

Anonymous Tue Nov 17 00:58:56 2020 No.23986333

>be crypto dev
>start shitty project nobody cares about or needs
>build my own oracle over the weekend because I'm crypto dev and I know what I'm doing
>enough pajeet out there that ape in to make millions
>get hacked
>post medium-article "pls mr. h4XX0r gib back monies"
Every single time

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