tmurfsbaby
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June 16, 2017, 09:25:56 PM |
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VERITASEUM IS IN THE OFFICIAL LIST ON COIN MARKET CAP!
is the price realistic because its only listed on such a small exchange? This is what I was thinking but Imagine when it hits a big exchange ... |
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naaktslak5
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June 16, 2017, 09:41:24 PM |
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the rest of the coins will be sold to institutions or a part will go to investors?
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tmurfsbaby
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June 16, 2017, 11:05:44 PM |
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the rest of the coins will be sold to institutions or a part will go to investors?
institutions |
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heymann
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June 16, 2017, 11:11:31 PM |
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the rest of the coins will be sold to institutions or a part will go to investors?
institutions and then some coins may be rented? Reggie tweets: Expect more demand for $VERI as institutions/startups come on board. That's why we're building a VERI rental contract, enabling monetization. VERI for rent? Rental terms of agreement will be interesting. |
"People don't understand what they have with these Veritaseum tokens"
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naaktslak5
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June 16, 2017, 11:31:31 PM |
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how many coins do they need to buy/sell stocks for example, how do i have to see this?
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hangthebanksters
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June 16, 2017, 11:35:12 PM |
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the rest of the coins will be sold to institutions or a part will go to investors?
institutions and then some coins may be rented? Reggie tweets: Expect more demand for $VERI as institutions/startups come on board. That's why we're building a VERI rental contract, enabling monetization. VERI for rent? Rental terms of agreement will be interesting. This asset is so early that it would be foolish to try and throw a number at it. You should be settling in to hold long term. Legacy type investment that will pass down to your grandkids. IMHO. |
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heymann
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June 17, 2017, 12:21:10 AM |
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the rest of the coins will be sold to institutions or a part will go to investors?
institutions and then some coins may be rented? Reggie tweets: Expect more demand for $VERI as institutions/startups come on board. That's why we're building a VERI rental contract, enabling monetization. VERI for rent? Rental terms of agreement will be interesting. This asset is so early that it would be foolish to try and throw a number at it. You should be settling in to hold long term. Legacy type investment that will pass down to your grandkids. IMHO. Reggie tweets: Who's investigating bulk $VERI purchase: expanding airline, medical marijuana startup, electric motorcycle startup. Disrupting finance 4Real Sounds good to me! |
"People don't understand what they have with these Veritaseum tokens"
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Dorky
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Best IoT Platform Based on Blockchain
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June 17, 2017, 04:47:18 AM
Last edit: June 17, 2017, 05:03:17 AM by Dorky |
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Okay, so this is my very simplistic and gross estimation of the price of Veritas:
$1.635 quadrillion (notional amount, yet to be netted out)
/ 20 (conservatively I divide it by 20 because I personally do not think the future of digital money will be based on fractional reserve concept; 20 refers to an arbitrary average level of leverage that people and institutions employ to trade securities)
= $81.75 trillion
x 20% (conservatively assuming Veritaseum can only capture 20% market share despite being a fast-mover and patent protection)
= $16.35 trillion
x 0.02% (conservatively refers to the 2 basis points minimum that Veritaseum charges the institutions as fee for using the innovation)
= $3,270 million (also the market cap of Veritas)
/ 2 million (2 million circulating supply to simplify the calculation instead of 1.929..... which isn't really that far off)
= $1,635 per token.
Any fault/wrong/disagreement/exclusion with that estimation?
Now, institutions buy Veritas to use the Veritaseum platform to trade securities p2p. The token isn't a substitute to the currency used (it could be bitcoin, ethereum, etc) to do the trade, thus I estimate the value of the token based on the fee charged for using the platform. The fee is the revenue. I do not recall Reggie ever said anything about the token being an alternative cryptocurrency, but correct me if I am wrong. Of course the estimation may be diluted as more supply enters the market but I assume this is coupled with more adoption, i.e. increasing market share.
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naaktslak5
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June 17, 2017, 11:40:55 AM |
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Is this legal? The SEC approved this?
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Dorky
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June 17, 2017, 12:36:10 PM |
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Is this legal? The SEC approved this?
No, it is not. The SEC never approved bitcoin and ethereum. |
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naaktslak5
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June 17, 2017, 12:43:13 PM |
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Is this legal? The SEC approved this?
No, it is not. The SEC never approved bitcoin and ethereum. So how can u trade stocks on this platform? |
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Dorky
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June 17, 2017, 12:51:09 PM |
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So how can u trade stocks on this platform?
They are not stocks. They are cryptocurrencies. |
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paulmaritz
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June 17, 2017, 12:53:22 PM |
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So how can u trade stocks on this platform?
They are not stocks. They are cryptocurrencies. Crypto tokens to be exact.  |
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naaktslak5
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June 17, 2017, 01:04:22 PM |
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So how can u trade stocks on this platform?
They are not stocks. They are cryptocurrencies. but u can trade Google stocks for example, from what ive heard. |
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Dorky
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June 17, 2017, 01:49:04 PM |
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but u can trade Google stocks for example, from what ive heard.
You need to familiarize yourself with the blockchain and smart contract. Then you will be able to see the bigger picture and understand where Veritaseum fits in. |
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Gen6:6
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June 17, 2017, 02:38:27 PM |
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Is this legal? The SEC approved this?
If you need to seriously ask that, and if you are asking because you think it should be that way, then cryptos are absolutely not for you for sure. You need to look into traditional investments like stocks and ETFs etc. |
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naaktslak5
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June 17, 2017, 03:01:25 PM |
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but u can trade Google stocks for example, from what ive heard.
You need to familiarize yourself with the blockchain and smart contract. Then you will be able to see the bigger picture and understand where Veritaseum fits in. so its only for institutions? |
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Reggie Middleton
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UltraCoin "Smart" Derivatives: The Future of Money
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June 17, 2017, 03:29:45 PM |
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Is this legal? The SEC approved this?
No, it is not. The SEC never approved bitcoin and ethereum. So how can u trade stocks on this platform? Veritaseum is a P2P platform, where individuals dsal directly with each other, thus there is no central market. In the system, you don't trade stocks, you exchange exposure to stock prices. It's a derivative, thus there is no need to directly hold the underlying or rely on the intermediaries that are tasked to assist that. |
*Link Removed* : The Future of Money! A "Smart", Zero Trust, Peer to Peer, Decentralized derivative layer on top of Bitcoin!!!
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jbl888
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June 17, 2017, 04:42:40 PM |
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naaktslak5
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June 17, 2017, 04:51:22 PM |
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Is this legal? The SEC approved this?
No, it is not. The SEC never approved bitcoin and ethereum. So how can u trade stocks on this platform? Veritaseum is a P2P platform, where individuals dsal directly with each other, thus there is no central market. In the system, you don't trade stocks, you exchange exposure to stock prices. It's a derivative, thus there is no need to directly hold the underlying or rely on the intermediaries that are tasked to assist that. Thank u Reggie. Do you need 1 coin to make 1 transaction or how do I have to see it? |
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