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It makes it possible for the asset to be traded on third-party markets without the knowledge, consent, or control of the organization that issued the tokens. I
by goodside 9y ago
It makes it possible for the asset to be traded on third-party markets without the knowledge, consent, or control of the organization that issued the tokens.
It also helps you trust that movement of the asset will not be hindered by the issuer's inability to keep servers running in the face of potential DDoS attacks.
- Maro 9y agoThat's a good point. It assumes they don't control the miners, and don't demand "registration" to participate, which would void anonymity. It still sounds like they could use an existing coin though, no?
- CPLX 9y agoSure, but then they wouldn't get a few billion dollars of free money.
- goodside 9y agoI'm not sure what you mean by "control the miners" — they're building this on OmiseGo, which isn't mineable. All of the substantial ICOs require some level of KYC/AML registration for direct public sales and pre-sales. Tokens later become available to everyone else through independent exchanges, which happens quickly these days.
- mistermackle 9y agoWhere did you see that they are building on OmiseGo?
- 45h34jh53k4j 9y agoIt will be an eth token like OMG until they launch their 'main chain and 2^92 sidechains' LOL! good luck with that
- philfrasty 9y agospeculation at this point IMO https://www.reddit.com/r/omise_go/comments/7oif3j/telegram_ico_telegram_open_network_ton_built_on/ https://www.reddit.com/r/omise_go/comments/7oif3j/telegram_i...