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Alternate cryptocurrencies / Announcements (Altcoins) / Re: VERITASEUM DISCUSSION THREAD
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on: June 03, 2017, 02:37:49 PM
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The Augur report has been completed for weeks. It's waiting my final QA, but we've been absolutely swamped due to allowing users to purchase Veritas manually. Over 4k in total transactions, and about 3/7th manual. A 3rd of those didn't read the directions and the cue has grown significantly. Anybody who sent us ETH timely will get their tokens. If you insist on sending ETH to the manual address after we have clearly (and we have, clearly) indicated that the initial sale was over, then you should consider the ETH you sent in a donation. It takes manpower to return the ETH, and we cannot do this indefinitely. as of the end of the week, we will no longer return ETH arbitrarily sent to that deprecated manual address. I will release the Auguer report early next week. The Ripple report is asking some very hard hitting questions, and we are awaiting the CEO's response. Dash will be following Ripple, and the core dev team CEO has been very cooperative.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: VERITASEUM DISCUSSION THREAD
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on: June 03, 2017, 02:27:26 PM
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Reggie, I see that Vinny Lingham is offering his Civic (CVC) tokens initially via ERC20 Ethereum tokens but will switch to Rootstock/Bitcoin at a later date. Rootstock because they believe bitcoin is the safer option.
Is this your plan also or are you fully committed to Ethereum?
We are, and plan to remain, blockchain agnostic. Since we do not make or sell blockchains, we do not want to pin our success to that fight. We choose the best prospects, and as resources permit we will push to go cross chain.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: VERITASEUM DISCUSSION THREAD
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on: May 30, 2017, 07:09:39 AM
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I'm having a hard time comprehending why or how, for example, a chain of medical practices would use VERI. Can someone (Reggie or anyone else) provide the elevator pitch for a medical practice chain to use VERI? Realizing that the person receiving the pitch likely knows nothing about crypto...
Medical practice liquidity pool Doctors and doctor's practice buy VERI Doctor's practice redeems VERI to Veritaseum for conducting to create smart contract to tokenize value from practice This system gives doctors materially more liquidity in both their own practices and the market to buy, sell or atomically invest in/divest from other doctor's’ practices Those doctor's looking towards retirement can have partial and periodic liquidation, and noobs coming in can efficiently buy their way into existing practices or have their new practices funded by experienced veterans. This effectively is a legal market to trade medical practices and procedure businesses legally amongst other qualified particpants. I spent the weekend with a bunch of doctors alternatively arguing about Trump and how best to set this up among a bunch of guys with successful practices. We're aggressively looking for practices and investors (ie. wealthy doctors, and private equity) who want to give this a spin. I will make it very easy for them and even subsidize much of it the first time around. As a community, I ask you all to reach out to those who you know and act as Veritaseum's grass roots marketing arm.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: VERITASEUM DISCUSSION THREAD
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on: May 30, 2017, 12:13:26 AM
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My question is - will the floating supply of VERI tokens only ever be about 1 million or about 1% of total supply?
This is about the amount that was issued in the ICO to my knowledge - about 35K ether at 30-1 out of 100 million supply.
My understanding is that the rest of the supply will be sold to institutions directly. Those tokens will then be used by said institutions to purchase research or run smart contracts and not released onto exchanges.
The reason an institution may use an exchange would be to either 1) Sell some tokens because they no longer find them to be useful (bad sign) 2) Buy tokens if they are trading below price of buying directly (which would take additional supply off the market)
Is this logic correct? Any thoughts?
We sold many more than you quoted, closer to 60k eth or more. We need a large supply of tokens. Remember, they are appcoins and utility software, and a dearth of token supply would lead to an inoperable machine. We have been talking to chains of medical practices, caribbean governments, private equity and hedge funds in a move to get them to trade value via Veritas. Each institution that adopts Veritas raises the value of the ecosystem X times, thereby injecting value into each Veritas. We will not attempt to artificially limit the supply to give an appearance of increased demand. That's scammy. Much more money is to be made by actually increasing value through demand sourced from true problem being solved Until liquidity improves, most institutions would rather source large blocks OTC than go through an exchange.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: VERITASEUM DISCUSSION THREAD
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on: May 26, 2017, 07:35:48 PM
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Looking back at my earlier messages, I realise i was being unreasonable.
Apologies, but I really was quite annoyed that I missed this ICO. This will be the first ICO i invested in since LISK.
I thinkthis project could be one of the best long term investments to date, par ETH.
I'll delete my previous messages.
Thank you Reggie for extending the ICO. Much appreciated.
Actually, although I didn't appreciate your first message, I really do appreciate you being a gentleman and a man about it. Honestly!
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: VERITASEUM DISCUSSION THREAD
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on: May 26, 2017, 06:49:54 PM
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Even tho I think the project is a good one with some good real tech, I feel the fatal flaw will be the lack of distributed tokens.
I would feel alot better about this ICO if there were millions more tokens released.
We sold a lot of tokens. It was actually one of the best tokens sales to date - if not the best! Keep in mind, we didn't play any games - no presales, no hidden discounts to institutions (actually, the individuals got 1st crack at it), 3rd party roadshow marketers (except for paying for advertising after the fact). Demand was extreme, trust me... I'm exhausted. We could've easily pushed the $25M market over the next week, but that would be antithetical to our thesis of adding value. This was not a money grab, it was an opportunity to get enough tokens out into the wild to buttress a new way of value and knowledge transfer through distributed software systems. Next up, we will aggressively market to hedge funds, family offices and UHNWs. I will explain in detail in later posts. Unlike many other initial token offerings, we have a lot to offer upfront, and we will start doing so after I take the weekend off. Reference http://veritas.veritaseum.com/index.php/18-congrats-and-thank-you-to-all-those-who-participated-in-our-veritas-sale-2
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: VERITASEUM DISCUSSION THREAD
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on: May 26, 2017, 06:27:58 PM
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We will honor any ETH sent to the manual address for the day, up until 9:30 pm EDT (eastern standard time). Email veritas@veritaseum.com to get the manual address. Please be very, very careful of spoofing or phishing attempts. They have been tried more than once. Any email sent from our domain has an SSL seal on it with a domain name that EXACTLY matches our domain name on the site. We cannot be responsible for phishing attacks or spoofs, and there are plenty bad guys out there.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: VERITASEUM DISCUSSION THREAD
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on: May 22, 2017, 03:21:59 AM
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The Gnosis valuation report is ready for distribution - sitting on my desk right now. I'm considering offering it has a free sample to demonstrate what we are capable of. If I do such, it will be via livestream at the Consensus even tomorrow in NYC. The Augur report is also finished and delivered by the our analysts. It is sitting in my inbox, awaiting my final review. It will definitely, without a shadow of a doubt, be available only for Veritas. I will likely announce that via livestream from the Consensus event as well. For those who may not realize it, we are moving very, very quickly. Many ventures offer an ICO, give tokens out weeks later, and start developing upon the roadmap outlined in their whitepaper. We're 3 out of the 4 weeks into our ICO, and we've already started producing research that is simply not available anywhere else. We also have another surprise to announce. I'll tell you after you view this video, if you haven't seen it. https://www.youtube.com/watch?v=0k13dgd44mwI know said it would be 18 to 24 months to have a product out, with a few months at a minimum for a MVP. My lead engineer said he will have something to play with potentially as early as next week regarding the autonomous machines designed to attack the hedge fund sector with zero margin models. I will need assistance of a dozen or so brave Veritas holders to participate in an alpha test of this code by sending their Veritas in. There is a strong chance it could get lost (hacking, etc.) so we're limiting the contribution amount to $300 or less, with the obvious caveat emptor warnings.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: VERITASEUM DISCUSSION THREAD
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on: May 18, 2017, 11:51:12 PM
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Gnosis Valuation Report is completed May 15th. http://veritas.veritaseum.com/index.php/15-veritaseum-presents-it-s-first-digital-asset-forensic-valuation-gnosis-gno Next up is Augur. (REP Token) https://twitter.com/ReggieMiddleton/status/865338733771583488 Reggie says this report will cost 300 VERI tokens and due next week. For traders with large REP positions, this type of analysis would be invaluable. This kind of work will create the demand for VERI tokens after the VERI sale ends in 8 days. My read is that REP is down recently at 0.00835240 BTC. A critical analysis would allow ICO holders to exit a weak offering if they were looking for a reason to exit. A positive analysis of REP will likely lead to demand for REP short term, and a longer term appreciation of stake based on sound business. If Reggie and team can produce these analysis at this rate I'm quite excited to see what the DAO does with the research! Well I have two analysts full time on this (That's 80+ hours per week of non-stop analysis) plus an intern plus myself and their manager. I'm considering adding on a third. I would say the pace may pick up, but that's really contingent on the difficulty of the project. Augur has similarities to Gnosis, so we didn't have to start the model and the thesis from scratch. We have started on the DAO already, building the conceptual framework. It's not easy, but it is on its way.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: VERITASEUM DISCUSSION THREAD
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on: May 14, 2017, 08:38:53 AM
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The team is listed here (and we're aggressively looking for engineers & developers - at least 2) http://veritas.veritaseum.com/index.php/the-teamI have to disagree with your comment, though. The dev team is NOT the most important thing in an ICO. Management is 1st, the entire team is 2nd, current traction is 3rd and the dev team is 4th. The perception that the dev team is the end all and be all of an operation (likely born from the fact that most in the industry are developers) is dangerous - particularly when developing financial products or any product within a business vertical that is not primarily IT. Focus on Dev teams in the financial space have allowed big Wall Street banks to claim almost all of the patent applications and awards in this space (see the Pathogenic Finance report towards page 18 for more https://blog.veritaseum.com/download/research/free-research/send/4-research/313-pathogenic-finance ) and has caused a general dearth of financial innovation despite the proliferation of such an innovative underlying technology. Most of the applications of this tech in the financial space has been the regurgitation of legacy and quite obsolete business models recast iin the blockchain. I believe this is so because dev-centric teams don't realize the vulnerable pressure points that break in the business from a strategic perspective. Trust me, we do - reference https://www.youtube.com/watch?v=_vf8-Hl78pMWell, back to the question at hand, we have build the first fully functional "beta" capital markets application of smart contracts and blockchain tech, way back in 2013 and 2014. We believe we were the first to apply for patent protection every country that has a major financial market, and we were able to do all of this on a shoestring budget of several hundred thousand dollars because we had diversity in our team - analysts, strategists, investors developers, engineers and IP attorneys. Now, we're rolling with several million and we still have the advantage of dealing with a market that is top heavy with developers - advantage team Ve! The dearth of quality research, analysis and general understanding of the economic cycles in this space will benefit us as well, at least as long as that dearth exists.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: VERITASEUM DISCUSSION THREAD
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on: May 05, 2017, 04:35:57 PM
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Veritas tokens were slated to be $1 before the Eth pump. Now it's about $3. Would future big money be charged significantly less? Will I be losing money by participating in the ico?
Why would we charge big money less? It may be possible for someone to negotiate a large volume big block deal, but the price is the price, is the price. Okay?
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