Bitcoin Forum

These guys are quietly extending Bitcoin functionality.  One really cool trick is that you can use Bitcoin to emulate dollars or euros.  You never have to worry about the price change.  $1,000 is $1,000 no matter if the bitcoin price goes way up or way down.  At the same time, you can send these $1,000 on the blockchain anywhere, anytime, for free - all with ZERO risk and no custodian party.  Insanely cool bitcoin improvement. 

http://bravenewcoin.com/news/asset-holders-to-earn-interest-from-fees-on-decentralized-exchange-omnidex/ (http://bravenewcoin.com/news/asset-holders-to-earn-interest-from-fees-on-decentralized-exchange-omnidex/)

In a few years, this is really going to matter. 

What is the difference between Tether and OMNI ? I think a lot of people have some issues with the centralized bank accounts linked to these types of technologies. If they close these accounts you will

lose your "tokens" ... right? ... I also see the majority of the 620,000 OMNI that will eventually exist were sold in the 2013 crowdsale, so would this turn out to be a huge pump n dump technology?

I will do some more reading on this one, but I am always a bit sceptical when a centralized service handle the token or currency on your behalf... much like banks.  ::)

Omni does a lot of things.  Tether is just one of them.  Maidsafe is another.  Synereo also.  Agoras too. 

Yes, we all hate centralization very much.  Tether does not perfect decentralization and does indeed include a deposit account with backing funds.  A necessary evil.  But a manageable necessary evil.  So goes life.  Perfect decentralization is pretty hard to achieve.  But for now, the functionality that exists can be very useful despite some requirement for trust.  Tether is admittedly not a perfect trustless system.  Omni is.

620,000 Omni were sold in a crowd sell.  Then, they were vigorously bought and sold on an open market.  The big whale 'gifted' most of his holding to the devs.  Now, the holders are totally different people than at the beginning.  

Omni is the least of 'pump and dump' of any alt.  They despise 'advertising' and 'publicity' and 'promotion'.  You won't see any of this from them.  They just work hard on the platform.  It is a very quiet operation.

can you say why is OMNI so good? not just this "omni is better, believe me" crap.
i'm looking for improvements or anything related but from what i've saw it looks equal.

Yea bitcoin is on really huge stereoids when he is growing so fast.I wad heard that one user from bitcointalk forum was buyed 65$ btc  when btc price was 0.07$ per piece and that now they worth about 300000$.

I like this one : $1,000 is $1,000 no matter if the bitcoin price goes way up or way down
that's right actually. people just concern about the profit they can earn by the price of bitcoin.

anyway can you please add more detail about zero risk? I'm a little bit confused here.

In this context, zero risk means that there is no exchange rate risk.  Holding bitcoin exposes you to loss because of exchange rate risks.  If you hold USDT instead, the exchange rate risk disappears.  

There is always a risk that you will get hit by a truck.  So, there's that.  I guess risk is never actually ZERO.  My bad.

So this is actually in progress and looks to be approved to go forward.
So this is game on.
Anymore to add now that the wheels are turning and this looks to be a done deal on the bitcoin front?
Talk amongst yourselves. ;D