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Main => General Discussion => Topic started by: bitsharesbagholder on August 17, 2017, 05:20:10 pm

Title: omisego - a bitshares competitor ?
Post by: bitsharesbagholder on August 17, 2017, 05:20:10 pm
hey

I guess you have all hear about omisego

their product is indeed not existing, but it will get launched in Q4 2017
from my understanding, it will also include a decentralized exchange, but with trust less gateways

what are your thoughts on this ?
Title: Re: omisego - a bitshares competitor ?
Post by: yvv on August 17, 2017, 06:28:39 pm
Quote
I guess you have all hear about omisego

No, many did not. Any links for those who are banned from google?
Title: Re: omisego - a bitshares competitor ?
Post by: bitsharesbagholder on August 17, 2017, 07:11:06 pm
Quote
I guess you have all hear about omisego

No, many did not. Any links for those who are banned from google?

https://cdn.omise.co/omg/whitepaper.pdf
duckduckgo.com
Title: Re: omisego - a bitshares competitor ?
Post by: fav on August 18, 2017, 05:24:07 am
not operating/vapor
Title: Re: omisego - a bitshares competitor ?
Post by: jonnyroller on August 18, 2017, 07:27:46 am
I haven't heard about, but don't think it could be a worthy competitor for Bitcoin
Title: Re: omisego - a bitshares competitor ?
Post by: bitsharesbagholder on August 18, 2017, 04:15:20 pm
I haven't heard about, but don't think it could be a worthy competitor for Bitcoin

why so ? please explain yourself .
Title: Re: omisego - a bitshares competitor ?
Post by: saburgeon on August 18, 2017, 08:47:46 pm
The first question I have is about their scaling since they're using Ethereum. Another question I have is if they are going to implement pegged currencies, because that's what makes this DEX a lot better than some others. By the look of things, they've raised more than the market cap of Bitshares.
Title: Re: omisego - a bitshares competitor ?
Post by: yvv on August 18, 2017, 09:52:07 pm
Quote
Another question I have is if they are going to implement pegged currencies, because that's what makes this DEX a lot better than some others.

It is surprising why nobody made this on ethereum yet?
Title: Re: omisego - a bitshares competitor ?
Post by: lakerta06 on August 19, 2017, 11:27:57 am
Quote
Another question I have is if they are going to implement pegged currencies, because that's what makes this DEX a lot better than some others.

It is surprising why nobody made this on ethereum yet?

on eth trx costs are so high that the total cost for price feed transactions is going to be huge.
Title: Re: omisego - a bitshares competitor ?
Post by: bitsharesbagholder on August 19, 2017, 08:15:16 pm
Quote
Another question I have is if they are going to implement pegged currencies, because that's what makes this DEX a lot better than some others.

It is surprising why nobody made this on ethereum yet?

on eth trx costs are so high that the total cost for price feed transactions is going to be huge.

a transaction on ethereum cost about 4cent USD
this is really tiny

are you lying or is there a misunderstanding ?
Title: Re: omisego - a bitshares competitor ?
Post by: fav on August 20, 2017, 07:27:11 am
Quote
Another question I have is if they are going to implement pegged currencies, because that's what makes this DEX a lot better than some others.

It is surprising why nobody made this on ethereum yet?

on eth trx costs are so high that the total cost for price feed transactions is going to be huge.

a transaction on ethereum cost about 4cent USD
this is really tiny

are you lying or is there a misunderstanding ?

https://www.reddit.com/r/ethereum/comments/6cg4zj/ethereum_tx_costs_45_cents/
Title: Re: omisego - a bitshares competitor ?
Post by: bitsharesbagholder on August 20, 2017, 10:52:59 am
Quote
Another question I have is if they are going to implement pegged currencies, because that's what makes this DEX a lot better than some others.

It is surprising why nobody made this on ethereum yet?

on eth trx costs are so high that the total cost for price feed transactions is going to be huge.

a transaction on ethereum cost about 4cent USD
this is really tiny

are you lying or is there a misunderstanding ?

https://www.reddit.com/r/ethereum/comments/6cg4zj/ethereum_tx_costs_45_cents/

yes please read yourself this reddit thread and not only the title

I think your mind is biased and thus your thinking is worthless
Title: Re: omisego - a bitshares competitor ?
Post by: yvv on August 20, 2017, 12:37:00 pm
Even 4 cents can add up to pretty high number when posting price feeds for many assets frequently.
Title: Re: omisego - a bitshares competitor ?
Post by: lakerta06 on August 21, 2017, 04:47:03 am
even 4 cents is a very high number for price feeds. and you will have to wait e few minutes for your transaction to be accepted by a miner. And that means settlement price will be lagging behind the real price.

Or think about this the other way around: If it was feasible someone would already have done it.
Title: Re: omisego - a bitshares competitor ?
Post by: yvv on August 21, 2017, 02:59:00 pm
How other oracles on ETH go around this (augur etc)?
Title: Re: omisego - a bitshares competitor ?
Post by: fav on August 21, 2017, 03:33:43 pm
How other oracles on ETH go around this (augur etc)?

they don't