Dear Investors,
Things in crypto world are happening so fast it is difficult to rely on one's knowledge only, that is why human relationships are crucial.
As you know I live on Polish/Russian border and just came back from dinner with my Russian friend who was present on Ethereum CEO Vitalik Russia meeting recently. He told me some interesting developments:
1, Vitalik told investors personally that he realizes that 90% of ICOs are scam coins and either people or authorities have to realise that. Vitalik criticizing their own platform ICOs is actually a sign of high intellect and sober-like assessment which definitely changed my opinion about Vitalik.
On the conference Vitalik was explaining the details of Raiden and Plasma, the latter of which is a child blockchain. Without going into details, the scalability of the whole network will be close to billion transactions per second which is not only faster than NEO and all other blockchains. It is faster than VISA. I couldn't believe that, but the guy I talked to is really tech-wise so I am sure he knows what he talks about.
On private conversation with investors my friend learned that Omise Go, together with Vitalik had a meeting with Taiwan Ministry of Finance. It is claimed that the whole country banking system will run on plasma and use OmiseGo. That is a very significant news, much more important than their previous `McDonald cooperation.
Investors said that once Plasma is introduced, the best dapps will be moved than under the supervision from Ether Team. Omise Go will be the first app on this baby block chain.
These are the most important things that I learned. It gave me food for thought. Each one of us is responsible for our own decisions, so I provide and share some news. The decision must be yours, I will write what I am about to do right now.
Since in China we have to wait weeks if not months for regulations and legal adoption of blockchain the price of NEO will hoover around 25-30$ mark until RedPulse ICO distribution. I still believe in NEO but the information from today really sound logical, sane and came directly from the source. At the moment of writing this message I am about to move 80% of my NEO investment into OmiseGo. I plan to come back with my original stock investment after situation in China is stabilized. Right now on Bittrex I put the buying bid at 10.45$.
Now, I do not ask you to follow me. I still will provide all the news I have to the subscribers. Make smart decisions and absorb news like sponge.
Best regards
Beczka2006
Follow me: https://twitter.com/dawid_rams
Thank you for this excellent and helpful update.
It pains me to consider selling off my Neo but OMG might be the better prospect for now.
NEO looks really bad with the Chinese ban..
I'm glad I didn't, too...50% off the bottom already:
11 NEO NEO $1,590,215,000 $31.80 50,000,000 * $160,338,000 0.63% +50.08% (24hr)
Very good!
It's true, but I'm not in the habit of dumping things at a loss/low to buy something else at an ATH.
This is good. More ethics coming into the industry. Personally I run with Bitshares. :)
Hope these rumors become news :)
This is huge information. Thanks for sharing
You are welcome.
If this is all true, OMG will blast off!
I'm afraid to buy at current prices.
Thanks for the news< I hope it is accurate.
Great article. Resteemed, followed, upvoted. Please check out my content as well and follow me if you like it!
-Cryptorock
Wow, if this goes as planned we can all make a lot of money. Resteemed to spread the word.
@tippy vote
Tipping strangers on the internet is a cool thing to do, have some upvote in return!
Thank you, good sir!
I am no sir, but you're welcome nonetheless!
Damn my ingrained misogyny! Thanks @pandorasbox!
The author got Taiwan confused with Thailand.
OmiseGo met the Central Bank of Thailand together with vitalikbuterin
https://steemit.com/omisego/@sleepy99/all-recent-news-on-why-omisego-omg-will-be-the-coin-you-want-to-buy-and-hold
Thailand not Taiwan, which actually is even better, since it has more population and a bigger market. However, the author needs to fix his article to correct this. As of 8/Sep/2017 it's still saying Taiwan instead of Thailand, fix it.
Everyone thinks Taiwan is Thailand.
Sad!
Disclaimer: I am just a bot trying to be helpful.
Wow, that is very interesting information indeed if it is true! I hold NEO, OMG as well as Ethereum so I feel okay about all of this. I think Ethereum has a bright future ahead of it, but NEO will probably be very big in China (once this regulatory mayhem is over) regardless.
As NEO is currently very low, and OMG has already spiked back up, I am not sure it is the best time to make the switch right now as you would be selling at a low and buying at a high. But OMG will still go higher so long run should be fine!
I'll resteem you, this is potentially very important info!
Great advice @pandorasbox the next few months will be quite interesting.
Thank you for posting your thoughts on Omisego!
I just wanted to provide a slight correction/clarification in regards to point 2:
Vitalik, along with the omisego team, have been in talks with Thailand's Ministry of Finance [Not Taiwan aka ROC]>
http://bitnewsbot.com/omisego-price-recovers-after-support-from-thai-ministry-of-finance/
I am really glad to see more news about OmiseGo since it is getting a good amount of attention here in Thailand [Oh, how I wished to have gotten a position back in early August...]. Omise [Omisego's parent company] is an established enterprise here that deals specifically with payments gateways, and omg is their next step towards expanding. In particular, the issue they are focusing on solving is to do with money flow and migrant workers in SE Asia, who tend not to use the traditional banking system.
I missed that one :(
Not a problem at all! The news you provided is still very relevant :D
Fix your article, Vitalik already said it's Thailand not Taiwan, you need to correct it, edit it, be responsible, why are you still leaving it as Taiwan.
This is false. The author is trying to get out of a losing OMG position, don't fall for it
Vitalik "1. This is false"
This is really good info. I just ran out money to invest as I am all in into ICOs.
Smart.
If this is true then Plasma development must be a lot further along than we all realise - I am skeptical due to the necessity of proof of work - something not publically available as of yet.
Red Pulse has been canceled I think?
https://steemit.com/bitcoin/@g-dubs/neo-s-redpulse-ico-cancelled-is-this-the-end-for-icos
Delayed?
Dzięki że dostarczasz info @dawidrams! :)
Polecam się na przyszłość ;)
Thank you for the wonderful article. Indeed its quite informative. Love your thoughts around ETH.
Thank you.
Very interesting news. Even not knowing some facts, OMG is a hidden gem and will be at the good price soon.
If this is true as written, Omise is giving up on the Chinese market...
Also, if it's true as written, Omisego is worth a lot more than 10 dollars...
very interesting , what about Aeternity they announce unlimited transaction per second
ETH all the way :)
90% scam, but makes 5x every time I invest.
Also, its definitellyt not what he said about 90% - its more of a FUD, as always.
hahaha
Late comment: Notice the big sinker in your article... "Vitalik had a meeting with Taiwan Ministry of Finance. It is claimed that the whole country banking system will run on plasma and use OmiseGo." Claimed being the caveat word used to mean uncertain. I just posted an article yesterday about Hashgraph and the uncertainty about "blockchain" technology in general. Everything in the crypto world is so fluid, I don't believe anything until I actually witness it. Just the way it is!
Unreliable source of information and nothing verified. Furthermore, 2 months after this post is created, there is no sign of this actually happening.
I have invested in it and reading your post is kind of relief to my Ass.
:D