VERITASEUM DISCUSSION THREAD

[naaktslak5]

yes ico is done and believe bounties have been paid. the coin is still selling for very cheap on etherdelta but shudnt for long.

Very cheap? You got 30 VERI for 1 ETH at ICO, now, only two weeks later you get less than 4 VERI for 1 ETH.
There is a total supply of 100,000,000 VERI, this would mean a market cap of $8,000,000,000 with current prices. Are you kidden me?

Don't think he's kidden you.  You are aware that it only trades on one "experimental" exchange that is widely viewed as difficult to use and is boycotted for that.  Only 1.9M tokens were purchased out of 100M, the other large share blocks are reserved for banks and sovereigns.  Very small float.  You may want to research a little to understand the opportunity.  Many feel here the way things are structured, that the price will rise significantly once VERI makes it's way to a large exchange.  

The opportunity to profit exists right now before it gets listed for trade in a major venue.  

Absolutely. Without a doubt.

I think Veritas will go down with all the other cryptos. Buy these tokens cheap.

[paulmaritz]

yes ico is done and believe bounties have been paid. the coin is still selling for very cheap on etherdelta but shudnt for long.

Very cheap? You got 30 VERI for 1 ETH at ICO, now, only two weeks later you get less than 4 VERI for 1 ETH.
There is a total supply of 100,000,000 VERI, this would mean a market cap of $8,000,000,000 with current prices. Are you kidden me?

Don't think he's kidden you.  You are aware that it only trades on one "experimental" exchange that is widely viewed as difficult to use and is boycotted for that.  Only 1.9M tokens were purchased out of 100M, the other large share blocks are reserved for banks and sovereigns.  Very small float.  You may want to research a little to understand the opportunity.  Many feel here the way things are structured, that the price will rise significantly once VERI makes it's way to a large exchange.  

The opportunity to profit exists right now before it gets listed for trade in a major venue.  

Absolutely. Without a doubt.

I think Veritas will go down with all the other cryptos. Buy these tokens cheap.

It is going down with the rest, but how low it will go is probably anyone's guess. Personally I deem VERI tokens to be super cheap at current price levels.

[Gen6:6]

Bix says something interesting about VERI around 11:50 mark in this video

https://youtu.be/8Df99uoo-1s


He says major exchanges are a bit scared of listing VERI (in a good way) as the demand surge will be overwhelming and they may not cope well with the inevitable price/demand explosion.


It has to happen, though... and soon.

[AltCity]

Bix says something interesting about VERI around 11:50 mark in this video

I find his comment on the off chain trades to be fascinating. Obviously the exchange is taking a fee for all transactions, for these to occur off chain means their overhead is lower. Reading between the lines, it seems there is some incentives ala allocated shares that the exchanges usually operate off of. Either that or they participate in ICOs. Because Veritaseum was practically under the radar it must have caught the big boys off guard. Another reason why fundamentals triumph over flashiness.

I believe bix's estimate of price action is valid. Another reason for the main exchanges to sit it out is there may be some wild price action when its' first listed and they don't want to answer questions about volatility.  I'm actually surprised that Coinbase reverted those ether trades from last week during the flash crash. This is unfortunately a sad precedent for ethereum, including the original DAO. If a blockchain is not immutable, and market trades are not set in stone it removes a lot of trust in a platform.

Price wise we're still near a 10x multiple from the Crowdsale in ether. I believe bringing this to major exchange could bring that to 50x ( 1.5 ). Further price action depends on products and services being rolled out from Veritaseum.

[tex83rb]

however we really need a reliable exchange for veri.

i sent email to poloniex.

i invite all of you in the thread to do the same, because not only for the price increase, but also for easy to use, etherdelta is horrible. people can have fear to send here tokens.

[hangthebanksters]

Volatility in Crypto-land. Nothing new for those watching this space. I agree that Etherdelta will be seen as cheap in the future. Somthing else that came to me recently was that the reserve tokens will be offered to high net worth purchasers. The corollary is that for small quantities, it doesn't make sense for Veritaseum to release new tokens; too much work to justify it.

A company or bank that isn't ready to purchase 10,000 - 100,000 tokens will have to buy on the market. A few companies soaking up the existing market offering will quickly swing the price higher. Weak hands will shake out, those convinced to hold will ask a higher premium. Wash and repeat.

The float is our friend.

https://target.scene7.com/is/image/Target/18838369?wid=360&hei=360&qlt=80&fmt=pjpeg

 Nobody said it was easy. Being a successful entrepreneur takes patience,perseverance, knowledge, understanding and BIG BALLS!!!

[Clob]

however we really need a reliable exchange for veri.

i sent email to poloniex.

i invite all of you in the thread to do the same, because not only for the price increase, but also for easy to use, etherdelta is horrible. people can have fear to send here tokens.

Has HitBTC been approached to offer VERI ?

[megashira1]

Price rise imminent.

Also, if you haven't yet done so - Request that VERI be added to bittrex

https://support.bittrex.com/hc/en-us/requests/new?ticket_form_id=114093958872

In addition, if Reggie or someone close to him could provide an EVA account for Bittrex

Please provide an Enhanced Verified Account of team member on Bittrex. This team member must be either a core developer or a major shareholder (10% or more) of a company that backs the development of the coin. That member will need to submit identifying documents to get their account enhanced verified.

[Gen6:6]

Reggie - how did it go/is it going with the pan-Caribbean project so far? Hoping the trip was fruitful.

[Dorky]

Price rise imminent.

Also, if you haven't yet done so - Request that VERI be added to bittrex

https://support.bittrex.com/hc/en-us/requests/new?ticket_form_id=114093958872

In addition, if Reggie or someone close to him could provide an EVA account for Bittrex

Please provide an Enhanced Verified Account of team member on Bittrex. This team member must be either a core developer or a major shareholder (10% or more) of a company that backs the development of the coin. That member will need to submit identifying documents to get their account enhanced verified.

It's amazing how things turn around so fast. They are probably anticipating good news from the Jamaican stock exchange meeting/workshop.

[naaktslak5]

Bix says something interesting about VERI around 11:50 mark in this video

https://youtu.be/8Df99uoo-1s


He says major exchanges are a bit scared of listing VERI (in a good way) as the demand surge will be overwhelming and they may not cope well with the inevitable price/demand explosion.


It has to happen, though... and soon.

why would they not cope with that? if there not enough coins the price will rise.

[Haddem]

Bix says something interesting about VERI around 11:50 mark in this video

https://youtu.be/8Df99uoo-1s


He says major exchanges are a bit scared of listing VERI (in a good way) as the demand surge will be overwhelming and they may not cope well with the inevitable price/demand explosion.


It has to happen, though... and soon.

That's pure speculation and overhyping it IMO.
I like him and his enthousiasm though.

[CanadianCryptos369]

>>That's pure speculation and overhyping it IMO.
I like him and his enthousiasm though.

Bix is probably basing this idea on Clif High's Web-Bot report regarding Veritaseum. I personally don't understand why high traffic would cause problems for an exchange, because, aren't they designed to handle huge volumes and traffic?... But I am expecting the price to rise a lot. I didn't know much about Veri during the ICO, but the more I learn, the happier I am owning some. I even bought more at EtherDelta for more than I originally paid during the ICO because I'm confident this is something to hang onto. And to think, I started out suspecting Reggie of being a scammer, but I have a lot of respect for him now and am glad to be a part of Veritaseum.

[jovan85]

Is there any google document or some list to check bounty?

https://blog.veritaseum.com/current-analysis/1-blog/226-veritaseum-crowdsale-bounty-program

Thank you very much paulmaritz

[AltCity]

Bix is probably basing this idea on Clif High's Web-Bot report regarding Veritaseum. I personally don't understand why high traffic would cause problems for an exchange, because, aren't they designed to handle huge volumes and traffic?...

His comment is that they wouldn't have enough. The float is low 1.9 Million shares any appreciable demand will cause the price to sky rocket, and even with a higher price the volume may be low. The next hurdle is when we cross the 1/1 ratio for ether/veri. Psychologically that is significant. That will take some pressure off the low float / volumes because people will be buying fractions of VERI with ether.

I calculated the Gini Coefficient for VERI (calculated in Veri), currently at 0.9 compared to the USA which is 0.8 and India 0.66 (calculated in 2000 purchasing dollars)
The median holder of VERI has 30 VERI token (probably from original crowdsale 1 ether to 30 tokens). The lower hinge is 4.5 the upper is 148 VERI tokens.

The Gini coefficient measures relative, not absolute, wealth. I'd like to see this number lower through more smaller players taking a stake. Listing on a larger exchange though could cause a lot of the small holders to cash out. I think Bix's comment was that once the weak hands exit, the volume would stay low.

Real price is dependent on the services from Veritaseum, which the token is used to buy. The big whales are sitting on something incredible.

[hangthebanksters]

Wow I never considered my position to be a whale but as I did get in on the ICO with a chunk of what I consider real money I guess I may be as I am way past the high position on the Gini coefficient.

Anyhoo as always DEX is keepin it real!

https://youtu.be/zXKg8zY67OA

[Costix]

>>That's pure speculation and overhyping it IMO.
I like him and his enthousiasm though.

Bix is probably basing this idea on Clif High's Web-Bot report regarding Veritaseum. I personally don't understand why high traffic would cause problems for an exchange, because, aren't they designed to handle huge volumes and traffic?... But I am expecting the price to rise a lot. I didn't know much about Veri during the ICO, but the more I learn, the happier I am owning some. I even bought more at EtherDelta for more than I originally paid during the ICO because I'm confident this is something to hang onto. And to think, I started out suspecting Reggie of being a scammer, but I have a lot of respect for him now and am glad to be a part of Veritaseum.

Crypto Rich? Could it be that this is you on YT? I like his videos... best quote of him `Im a hobby investor but I am getting rich witch crypto currency´  

[paulmaritz]

What did the Web Bot Report say about cryptos end of June? Let's see: https://youtu.be/bxLqFFqUo7Q 

[eye4bd]

yes ico is done and believe bounties have been paid. the coin is still selling for very cheap on etherdelta but shudnt for long.

Hi
Maybe part of the
contribution rewards have
been paid till now.
At least I'm on the mising list.
Was asked by masiah for providing an up-dated Twitter audit.
Few days ago I was
send that using his e-mail address. But didn't get any feedback till now! And don't why?

Thanks!

[AltCity]

Wow I never considered my position to be a whale but as I did get in on the ICO with a chunk of what I consider real money I guess I may be as I am way past the high position on the Gini coefficient.
Anyhoo as always DEX is keepin it real!
https://youtu.be/zXKg8zY67OA

99% of VERI holders have less than 8,411 tokens... If you have more than that you are the 1%.