What is the difference between Tether and OMNI ? I think a lot of people have some issues with the centralized bank accounts linked to these types of technologies. If they close these accounts you will
lose your "tokens" ... right? ... I also see the majority of the 620,000 OMNI that will eventually exist were sold in the 2013 crowdsale, so would this turn out to be a huge pump n dump technology?
I will do some more reading on this one, but I am always a bit sceptical when a centralized service handle the token or currency on your behalf... much like banks.
Omni does a lot of things. Tether is just one of them. Maidsafe is another. Synereo also. Agoras too.
Yes, we all hate centralization very much. Tether does not perfect decentralization and does indeed include a deposit account with backing funds. A necessary evil. But a manageable necessary evil. So goes life. Perfect decentralization is pretty hard to achieve. But for now, the functionality that exists can be very useful despite some requirement for trust. Tether is admittedly not a perfect trustless system. Omni is.
620,000 Omni were sold in a crowd sell. Then, they were vigorously bought and sold on an open market. The big whale 'gifted' most of his holding to the devs. Now, the holders are totally different people than at the beginning.
Omni is the least of 'pump and dump' of any alt. They despise 'advertising' and 'publicity' and 'promotion'. You won't see any of this from them. They just work hard on the platform. It is a very quiet operation.
