Veritaseum spike Aug. 3rd. 5:30am PST - WTF?

[Cryptoconniption]

My Veritaseum portfolio more than doubled and minutes later that was all gone.

Anybody know what happened?

[Filmmmakerr]

Whats this deal with Veritaseum? Why do people buy it?

[noypitrader]

How can you be sure it's gonna spike? Not familiar with this coin?

[Filmmmakerr]

How can you be sure it's gonna spike? Not familiar with this coin?

Lol, he's asking about the spike not saying it will spike.

[BennyT]

Whats this deal with Veritaseum? Why do people buy it?

The CEO describing what it is:
https://www.youtube.com/watch?v=7rX3D79wkoY

And I still don't really get it. Someone I trust told me a few months ago this was going to be big but I found it hard to invest in something I don't understand. They were also hacked last week.. although it didn't really affect them too much from what I read.

[chutchmcgillicutty]

Whats this deal with Veritaseum? Why do people buy it?

The CEO describing what it is:
https://www.youtube.com/watch?v=7rX3D79wkoY

And I still don't really get it. Someone I trust told me a few months ago this was going to be big but I found it hard to invest in something I don't understand. They were also hacked last week.. although it didn't really affect them too much from what I read.

Was also told to invest in it, but it is very hard to wrap your head around

[ChinkyEyes]

First time visiting their website and the first thing I notice is this:

"Imagine Having the Keys to the Internet in 1994"

Which seems really scammy in my opinion... Why would a crypto currency use this as their unique selling point? Unless they are not confident enough in what they are selling.

The team consists of three people...

My spider senses are tingling and I am going to stay far away from this.

[Filmmmakerr]

It definitely looks like a scam. Which is why I'm curious as to why people buy something that has no purpose?

[bestrolledLs]

I think Reggie messes with the volume and does the pumps himself but who knows. Is there a whitepaper or any info on how it works?

[chutchmcgillicutty]

I think Reggie messes with the volume and does the pumps himself but who knows. Is there a whitepaper or any info on how it works?

Yeah think he controls 50% at least. Think you can trade the Veritieseum coin for research papers which "professionally" breakdown other coins future values.

Seems scammy and unnecessary, but you know what good for him and good for anyone who has made money off of this shit

[Cryptoconniption]

I think Reggie messes with the volume and does the pumps himself but who knows. Is there a whitepaper or any info on how it works?

Yeah think he controls 50% at least. Think you can trade the Veritieseum coin for research papers which "professionally" breakdown other coins future values.

Seems scammy and unnecessary, but you know what good for him and good for anyone who has made money off of this shit

Actually he owns 98%.  He explains why pretty well on his youtube channel.