As someone who was initially skeptical of ICOs, I came across a project that immediately appealed to me and I took a chance on it -- and I'm glad I did.
This project is the Obsidian Platform.
The ticker symbol is ODN and you can check its current price by going here.
So... what the hell is Obsidian anyway?
Great question.
You might have heard it's a new messaging app. Pfft, it's just another messenger. I already have Whatsapp, so whatever. Right?
Ah, not quite. It's more than just a messenger. Much more.
Obsidian is a new C# blockchain based off of Stratis and the token is a Proof-of-Stake coin. Proof-of-stake (PoS) means you could hold your coins in a wallet that's connected to the blockchain, and you could earn "staked" coins over time as passive income. It's kind of like earning interest on a savings account. Obviously, the more tokens you have, the more staked coins (interest) you earn. In a year or two, you can have MasterNodes with 10k coins and earn even bigger rewards.
Ok, so what's so special about this particular blockchain?
The answer is privacy.
In fact, the founder of Monero, a well-known coin specializing in privacy and anonymity with its market cap into the billions, is now working with the Obsidian team as a technical advisor. That says a lot about the quality and potential of this project.
The Obsidian blockchain will provide anonymous services in total privacy, such as:
* Anonymous and encrypted messaging without PGP hassles
* Anonymous and borderless money transfers
* Anonymous transfer of multimedia files such as documents, pictures, videos, audio files, etc
* Anonymous purchases that you don't want marketers or the police to track
* Anonymous shitposting without social media keeping tabs on you or worse, putting a gag on you (yup, seriously)
* Platform for developers to build privacy-oriented applications
And with Obsidian, you should be able to do all of the above without leaving digital bread crumbs. Or without coughing up your phone number or important bits of personal information that could be used against you, or somehow compromise your security.
Here's how one 4chan/biz commenter put it:
And... not to sound cliche... it's all decentralized!
Meaning if some totalitarian authority figure or a butthurt SJW wants to shut it down or go after you, they can't.
The messenger dApp is just one of the dApps they are working on right now. Yes, it's the featured dApp that they've built, but it's not the only thing you can do with Obsidian in the future.
Here's a comparison table to give you an idea of what Obsidian can do, versus Whatsapp, Status, and other things.
![[Image: attachment.jpg37662]](https://rooshvforum.network/attachments/attachment.jpg37662)
Image source: Link
If you want to dig really deep and learn more about it, here's a link to their white paper.
When I first invested in ODN at ICO time, it was worth roughly 15 cents. Now it's 84 cents at time of writing, with a peak of almost $1. But the potential is huge. If it becomes a serious competitor to Stratis and other privacy coins, it could reach the $5-10 range.
But don't hold me to that... please do your due diligence, and only invest what you can afford to lose!
Good luck.
This project is the Obsidian Platform.
The ticker symbol is ODN and you can check its current price by going here.
So... what the hell is Obsidian anyway?
Great question.
You might have heard it's a new messaging app. Pfft, it's just another messenger. I already have Whatsapp, so whatever. Right?
Ah, not quite. It's more than just a messenger. Much more.
Obsidian is a new C# blockchain based off of Stratis and the token is a Proof-of-Stake coin. Proof-of-stake (PoS) means you could hold your coins in a wallet that's connected to the blockchain, and you could earn "staked" coins over time as passive income. It's kind of like earning interest on a savings account. Obviously, the more tokens you have, the more staked coins (interest) you earn. In a year or two, you can have MasterNodes with 10k coins and earn even bigger rewards.
Ok, so what's so special about this particular blockchain?
The answer is privacy.
In fact, the founder of Monero, a well-known coin specializing in privacy and anonymity with its market cap into the billions, is now working with the Obsidian team as a technical advisor. That says a lot about the quality and potential of this project.
The Obsidian blockchain will provide anonymous services in total privacy, such as:
* Anonymous and encrypted messaging without PGP hassles
* Anonymous and borderless money transfers
* Anonymous transfer of multimedia files such as documents, pictures, videos, audio files, etc
* Anonymous purchases that you don't want marketers or the police to track
* Anonymous shitposting without social media keeping tabs on you or worse, putting a gag on you (yup, seriously)
* Platform for developers to build privacy-oriented applications
And with Obsidian, you should be able to do all of the above without leaving digital bread crumbs. Or without coughing up your phone number or important bits of personal information that could be used against you, or somehow compromise your security.
Here's how one 4chan/biz commenter put it:
Quote:Quote:Link
Imagine being able to purchase things off of craigslist without giving up your phone number or message vendors on the DarkMarket without using annoying PGP methods. Anonymous shopping on your phone for anything: prostitutes, drugs, and nudes. If this project succeeds, all the underworld will have a new playground for communication, information transfer and all sorts of other grey market enterprises activities completely anonymous (literally billions of dollars in data and business outside of the power of the government can become movable overnight when this project succeeds).
And... not to sound cliche... it's all decentralized!
Meaning if some totalitarian authority figure or a butthurt SJW wants to shut it down or go after you, they can't.
The messenger dApp is just one of the dApps they are working on right now. Yes, it's the featured dApp that they've built, but it's not the only thing you can do with Obsidian in the future.
Here's a comparison table to give you an idea of what Obsidian can do, versus Whatsapp, Status, and other things.
Image source: Link
If you want to dig really deep and learn more about it, here's a link to their white paper.
When I first invested in ODN at ICO time, it was worth roughly 15 cents. Now it's 84 cents at time of writing, with a peak of almost $1. But the potential is huge. If it becomes a serious competitor to Stratis and other privacy coins, it could reach the $5-10 range.
But don't hold me to that... please do your due diligence, and only invest what you can afford to lose!
Good luck.