1, 2 & 4 are essentially rehashing the same argument & no, that doesn't explain how adding friction in the form of multiple tokens help the users. Having multiple types of currencies/credit cards/airline point systems is an inefficiency, not something to be proud about.
Not to mention the *added* risk of having to trust the OST platform & wallet for always honoring the fixed BT-to-OST conversion rates.
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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.
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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.
End of conversation
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the moment they fail, their price on the market would immediately drop to zero.