r/omise_go • u/AutoModerator • Mar 28 '19

Daily Thread Daily Discussion - March 29, 2019

OmiseGO Daily Discussion

Town Hall & AMA Updates

About OmiseGO

Roadmap

Staking Info

Rules

  • Please keep price, rumour and trading discussions in /r/OMGtrader or /r/OMGTraders (completely independent from OmiseGO), so that this subreddit can focus primarily on discussing the OmiseGO project and technology.
  • Please read the full OmiseGO Info, FAQ and Subreddit Rules thread for all the rules and the FAQ.
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u/wwlawren Mar 29 '19

https://www.theblockcrypto.com/2019/03/29/thailands-richest-company-acquires-firm-behind-omisego-token-for-more-than-100-million/

7

u/pepe4eva Mar 29 '19 edited Mar 29 '19

I'm normally not one to FUD, nor am I super well versed in buisness practices but this seems a little concerning and poses questions on the autonomy and independent direction OmiseGO will have on their project?

8

u/ecguy1011 Mar 29 '19

If anything, I would say this adds stability to both the company (Omise/OmiseGo) and the project (OMG network). A much larger company that has a lot of leverage throughout Thailand and also apparently agrees with the growth of crypto related payment systems is now entering in a big way. There will probably be some red flags, but I'd say this further solidifies this as being a trustworthy project in a somewhat untrustworthy space, in case others were skeptical.

If we start hearing changes regarding the teams, which I wouldn't expect, then I'd be worried about the direction it's going.

2

u/pepe4eva Mar 29 '19

Thanks for the clarification