There are clear benefits for consumers as well.. #OST $OSTpic.twitter.com/rALs6DutFz
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The same risks still apply. Higher liquidity & volatility risks compared to using an established “money” token like BTC directly. More importantly, the risk of OST going under, which would instantly makes all OST & BT tokens worthless.
Not to mention the *added* risk of having to trust the OST platform & wallet for always honoring the fixed BT-to-OST conversion rates.
All this complexity for the sake of putting an extra layer of friction (multiple representations of essentially the same thing) in front of the user. Sorry but I don’t see the point.
To add: OST is essentially competing with BTC to be the backing asset here. But unlike BTC, which is decentralized & has something real behind it (the PoW chain), OST is centralized & is not backed by anything.
Liquidity risks are common in emerging markets. Crypto, in general is an emerging market. BTC is very illiquid compared to any forex market. To suggest that BTC is not highly volatile: it is down 55% from it's ATH from 3 months ago. A few weeks ago it was down 65% from ATH.
Yes BTC is volatile but to think your OST token can have lower volatility / better liquidity than a $150 billion market cap currency is absurd. Seehttps://twitter.com/hugohanoi/status/976261795630407680 …
Didn't BTC start out with being less than $1,- ? What was the market like back then? It didn't reach a 150Bil market cap overnight.. Look at how ETH grew due to network effects.
Yes but BTC's goal has always been a better form of money - an *universal* token. Your OST token (if works) serves a much smaller market - companies who want their own branded tokens. And this:https://twitter.com/hugohanoi/status/976756908202668035 …
#OST let's comanies of any size and any technical sophistication do it easy peasy (like said; in literally 10min I was up and running). That makes sense for businesses. It's hassle free, doesn't require recourses like blockchain developers and costs less.
1/ Let me ask you this, do you agree with this? Do you really not see a problem with a future where there're a zillion tokens?https://twitter.com/hugohanoi/status/976601990078713856 …
2/ You need to solve the centralization problem- OST cannot be a single point of failure if it's really to be used by many people/services.
3/ I was going to type something but it's 3AM, my brain has stopped functioning & I need to go to bed
later 
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