About the POA phase...
Honest question about POA and the general strategy.
I always worry that a big fish, like for example Alibaba, will simply copy everything Omisego has created and make their own token, and sell off a large portion of them so they can be labeled "decentralized" but still have control of a majority of the staking tokens.
I suspect that Omise has considered such possibilities. My thought is that during POA, a very large portion of the code will not be available for anyone to copy. During this time, they can build up partnerships, get buy-in from industry, etc. Maybe even sell some of their tokens to big fish so they have skin in the game (Such as major on-ramp exchanges)
For this reason, I like the POA phase and hope it gets extended until the time is right, when the centralized exchanges are up and running with OMG and vendors have created their own branded infrastructure. On to my question...
Will the POA server code be open sourced during the POA phase? If not, is it safe to assume that the POA design is complex enough that a non-blockchain company like Alibaba would not be able to easily clone the network and compete with Omisego during the POA phase?
I use Alibaba as an example, but please feel free to substitute them with any other company/organization that could utilize/benefit from the Omisego network.
Posted Jun 4, 2019, 3:15 PM UTC