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> where you take money from others without providing any intrinsic worth to humanity I beg to differ. Not all crypto projects are like that. For example Omise
by jv22222 9y ago
> where you take money from others without providing any intrinsic worth to humanity
I beg to differ. Not all crypto projects are like that. For example Omise Go is a promising project that stands to make a difference to many people who have no access to banking services.
They have solid financials, already processing over $500m transactions per day with $110m investment.
They are making a completely decentralized open value exchange DEX based on the block chain. Any developer/provider will be able to build apps on top of it.
Any person with a phone will have instant access to essentially a bank account with no need to hand over social security and ID.
So basically giving 2 billion people who have no way to interact with financial systems a way to join in with global commerce.
> It’s not creating any value, any gains are at the expense of someone else.
Except, not in the case of Omise Go. You may earn a dividend simply by possessing the token.
By staking Omise Go tokens you will have the option to validate transactions (proof of stake) for which you will get paid.
Also note, with PoS there is no electricity burden on the system like Proof of Work with mining.