I still think the ICO price was too high for VERI, and the current market price.
From the way I think about it, the higher the price of VERI at start, the less return for my money that I get. If I buy 10k worth of VERI at $70 and it goes to $85 I have only made ~$2,000 profit.
If I buy 10k worth of HumanIQ ( not sponsoring just taking another project) and it goes from $0.16 to 1 dollar, I have made $50,000.
Which one is the better investment in terms of % RoI for my money spent? Not saying I do not think VERI is a good project or that it does not have potential. If the price was $7 each I would buy 10k worth tomorrow, but since it is $70, I will put my money where the returns have the potential to be much great.
Real world example, would you have rather had 10k invested in ETH at $100, or 10k invested in Stratis Token at $1... do the math.
Reggie and his team never punted it as an investment. In addition, the ICO price was much lower than the $7 you’re willing to pay, so what’s your point? I personally got in at $5.50 and some even at a lower price. “would you have rather had 10k invested in ETH at $100, or 10k invested in Stratis Token at $1” – Yeah, it is always easier to do the math on something like that after the fact. |
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I couldn't agree more. In addition, some even use the interview Tone Vays had with Reggie ( https://youtu.be/GfiTk8Z1Pa0) as proof that Veritaseum is a scam. It is laughable to say the least. I suspect someone out there is being paid a lot of money to misdirect potential participants, not only when it comes to Veritaseum, but crypto tokens in general. They normally lie and claim some form of authority.... "I am a software engineer," "I have been an investor in cryptos since the beginning, but this smells like a scam to me" and more. Press them a bit and it quickly becomes clear that they don't know what they are talking about. In short: They are either bought and paid for or the dumbest trolls around! I just took the time and trouble to watch the video to completion and these are what I can say: 1. The video itself does not indicate the Veritaseum project is a scam BUT the interviewer's concerns and confusions are certainly perfectly valid. 2. Reggie described the project as if it is a non-standardized service platform, which if that's the case then I believe the usage would be extremely limited. The main reason why the futures market is way more popularly participated (and most likely much bigger) than the forward market is probably because the futures market trades standardized contracts (never mind the 3rd-party involved which Veritaseum seeks to get rid of). 3. Reggie shifted his project from Bitcoin blockchain to Ethereum blockchain because of regulatory concerns. What regulatory concerns would impair the Veritaseum project and why is that so? Basically I don't believe anything will be allowed to continue persisting for long without regulatory oversight sooner or later, so if regulation is finally in place on both Bitcoin and Ethereum's blockchains, does that mean Veritaseum's project will be as good as gone? 4. I am still unclear of Reggie's regular customer base because this is very important to gauge the existing value of the Veritas tokens. If Reggie's customer base before Veritas existed was tiny, then it's very likely the ready market of potential customers to actually buy Veritas for Reggie's researches would be very very small too, thus limiting the price appreciation and adoption of Veritas tokens. 5. Has Reggie answered the interviewer's unanswered questions in the 2nd half of the video, or are they remain unanswered? 6. Ultracoin historical price chart is basically a failure and most likely no longer recoverable. What will Reggie do to stop the same pricing destiny from happening to Veritas? Note: I am neither bought and paid for nor the dumbest troll. I am intelligent enough to pursue the CFA program thru self-study (passed Level 2 exam but dropped out because I can't find relevant job with it) with zero background and pursued computer programming (thru self-study as well) to develop my own proprietary trading algorithm program (on my own one-man show), so I believe I am both financially and technically competent to question, to say the least. Beside that, I strongly believe Reggie needs to polish up his way of explaining things to make it more understandable to those who are not financially-inclined. Even I have a hard time trying to fit all the jigsaw pieces together without the need to ask for more questions. And finally, I strongly believe Veritas needs a good logo for it to catch potential stakeholders' attention. I cannot answer on behalf of Reggie. Hopefully he will respond. Just to be clear: It is important to question and do one's own due diligence. However, for some to call it a scam purely based on that video is a stretch of the imagination. I was also in reference to bought and paid for opposition against crypto tokens in general. Either that or those are the dumbest trolls around. In addition, I was not referring to Tone Vays or anyone who share his views as being bought and paid for or the dumbest trolls around. However, I certainly don't agree that all of his concerns are valid. It is no secret that he is extremely bias on the back of his propensity to lean towards bitcoin at any cost. E.g. Veri tokens do not represent shares, stock or ownership in Veritaseum, Inc., so to drag Netflix into the equation is a bit of a stretch. In addition, just because Reggie chooses to protect Veritaseum, Inc. against certain risks via the Terms & Conditions and Purchase Agreement, do not automatically mean that he intends to use it as a means to defraud us while he enjoys protection. In fact, Reggie has made it abundantly clear that this is a high risk venture. If one has little appetite for high risk and the potential high losses/rewards that come with it, then it is best not to buy or own VERI tokens - tokens that can be exchanged for products and services of Veritaseum, Inc. Reggie will not answer all of your questions, because it might give away too much to the competition.  "I strongly believe Reggie needs to polish up his way of explaining things to make it more understandable to those who are not financially-inclined" - I beg to disagree. I could add more, but the above should suffice. |
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People who accuse the original site of looking "scammy", wouldn't the application of common sense, knowing where Veritas is in the business cycle (i.e. early) give you an idea of why the lack of polish? As an investor I'd rather see effort on developing the products and readying the products for public release. The fact that the original website lacked the pretty final touches tells me mgt. has their priorities straight. If people can't see or understand that perhaps they should just walk away and look for something else that may be pretty (because of course anything pretty will never be a scam  ). I say, think a little deeper. Consider the success and public profile of the CEO and the approach so far. Does Reggie strike you as scammy? You may be alone with that thought. I couldn't agree more. In addition, some even use the interview Tone Vays had with Reggie ( https://youtu.be/GfiTk8Z1Pa0) as proof that Veritaseum is a scam. It is laughable to say the least. I suspect someone out there is being paid a lot of money to misdirect potential participants, not only when it comes to Veritaseum, but crypto tokens in general. They normally lie and claim some form of authority.... "I am a software engineer," "I have been an investor in cryptos since the beginning, but this smells like a scam to me" and more. Press them a bit and it quickly becomes clear that they don't know what they are talking about. In short: They are either bought and paid for or the dumbest trolls around! Anyone who knows or followed Tone would know he never touts anything but BTC. When Tone first got some acclaim on youtube, I always wondered what other cryptos he was interested because of his views. I actually had an argument with him over Steemit and his rose colored Bitcoin glasses.. LOL Anyway his views are strict in a way to limit any exposure to scams. He actually does the research, so if he's positive on Veritaseum I put that as a huge plus in the column of supporting evidence of it being legit. True. Tone is a "bitcoin purist" to a large extent. I hope he invites Reggie back for a follow up interview to answer the last of those questions. It would be great to help set the record straight, as some are going around the net proclaiming that Veritaseum is a scam. They claim Reggie bailed out, not wanting to answer all of Tone's questions. You also realize that " everyone"... said Ethereum was a scam also ! LOL True. And some believe it is still the case. |
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People who accuse the original site of looking "scammy", wouldn't the application of common sense, knowing where Veritas is in the business cycle (i.e. early) give you an idea of why the lack of polish? As an investor I'd rather see effort on developing the products and readying the products for public release. The fact that the original website lacked the pretty final touches tells me mgt. has their priorities straight. If people can't see or understand that perhaps they should just walk away and look for something else that may be pretty (because of course anything pretty will never be a scam ). I say, think a little deeper. Consider the success and public profile of the CEO and the approach so far. Does Reggie strike you as scammy? You may be alone with that thought. I couldn't agree more. In addition, some even use the interview Tone Vays had with Reggie ( https://youtu.be/GfiTk8Z1Pa0) as proof that Veritaseum is a scam. It is laughable to say the least. I suspect someone out there is being paid a lot of money to misdirect potential participants, not only when it comes to Veritaseum, but crypto tokens in general. They normally lie and claim some form of authority.... "I am a software engineer," "I have been an investor in cryptos since the beginning, but this smells like a scam to me" and more. Press them a bit and it quickly becomes clear that they don't know what they are talking about. In short: They are either bought and paid for or the dumbest trolls around! Anyone who knows or followed Tone would know he never touts anything but BTC. When Tone first got some acclaim on youtube, I always wondered what other cryptos he was interested because of his views. I actually had an argument with him over Steemit and his rose colored Bitcoin glasses.. LOL Anyway his views are strict in a way to limit any exposure to scams. He actually does the research, so if he's positive on Veritaseum I put that as a huge plus in the column of supporting evidence of it being legit. True. Tone is a "bitcoin purist" to a large extent. I hope he invites Reggie back for a follow up interview to answer the last of those questions. It would be great to help set the record straight, as some are going around the net proclaiming that Veritaseum is a scam. They claim Reggie bailed out, not wanting to answer all of Tone's questions. |
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People who accuse the original site of looking "scammy", wouldn't the application of common sense, knowing where Veritas is in the business cycle (i.e. early) give you an idea of why the lack of polish? As an investor I'd rather see effort on developing the products and readying the products for public release. The fact that the original website lacked the pretty final touches tells me mgt. has their priorities straight. If people can't see or understand that perhaps they should just walk away and look for something else that may be pretty (because of course anything pretty will never be a scam ). I say, think a little deeper. Consider the success and public profile of the CEO and the approach so far. Does Reggie strike you as scammy? You may be alone with that thought. I couldn't agree more. In addition, some even use the interview Tone Vays had with Reggie ( https://youtu.be/GfiTk8Z1Pa0) as proof that Veritaseum is a scam. It is laughable to say the least. I suspect someone out there is being paid a lot of money to misdirect potential participants, not only when it comes to Veritaseum, but crypto tokens in general. They normally lie and claim some form of authority.... "I am a software engineer," "I have been an investor in cryptos since the beginning, but this smells like a scam to me" and more. Press them a bit and it quickly becomes clear that they don't know what they are talking about. In short: They are either bought and paid for or the dumbest trolls around! |
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The possibilities are almost endless.
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Crypto's are crazy right now. Glad I got to hedge some of my ETH in Veritaseum!!
True. And it leaves room to get in at lower levels. Always a good thing!  Actually, with the ETH that I had, I went all in. This project has potential that most haven't yet grasped. Call me crazy, but I'm actually a genius!!  I've done the exact same thing. We're in the same boat! |
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Crypto's are crazy right now. Glad I got to hedge some of my ETH in Veritaseum!!
True. And it leaves room to get in at lower levels. Always a good thing! |
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We're now at $6,849,979.45... how high will it go? Any predictions?
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Okay so now I have a bunch of Veritas tokens. What's next?
1. Closing of the ICO in... 17 Hours 16 Minutes 23 Seconds 2. Listing on exchanges 3. And more good stuff! |
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I almost got a heart attack this morning. I got into my wallet and saw no balance next to the left of VERI. Even better, all of a sudden VERI was not listed as one of the custom tokens. I added it again and all was good. I came right at Virwox in terms of payment via PayPal, swung the balance over to Poloniex, exchanged it for ether and then sent it to my wallet... there was 20% less to buy VERI tokens, but all said and done: I am a happy camper! P.S. I don't know who is with me, but I intend to hang onto my tokens like shit to a horse blanket. |
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Is anyone here willing to sell me $400 worth of ETH via PayPal? The plan is to convert it into VERI tokens before the ICO comes to an end tomorrow. I know words are cheap nowadays, but I won't screw you over. I am willing to pay $200 per ETH.
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The same here. No problems accessing and/or viewing it. |
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Are you serious?
Yes, send me your address via PM. Thanks. PM sent. Sent. BTW, sorry for ask address I sent you privkey No worries. Thank you. |
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Are you serious?
Yes, send me your address via PM. Thanks. PM sent. |
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Got it, thanks Vegas. Good to hear. I think the last year of ever falling prices on all coins has driven a lot of people to give up. I can't find contact details for the website, but I messaged the person who opened this thread. I think the biggest priorities are updating this thread and the website. They're full of dead links and it looks like no one represents the coin anymore. Also thanks for posting the blockchain for people, thats the most useful thing going on here. Ideally with someone maintaining the website and thread regularly we could keep a new link for people so they don't have to ask. I'm willing to help pay for some upkeep and maintenance, just need to find the person running things. Here's a video I did for Riecoin: http://vimeo.com/87464754I'd say by default we can both consider ourselves affiliated with Fastcoin. Thank you. I am not affiliated with fastcoin. Just a fan, thats all. I still will try to help you. Lets keep the converstation on the thread so others can get help from it too.
Vegas
Try to contact them via twitter: https://twitter.com/fast_coin |
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