VERITASEUM DISCUSSION THREAD

[Dorky]

The circulating supply isn't real. The real supply isn't circulating

FTFY

You are not even an accountant, so whatever your opinion about circulating supply is mere personal opinion and has zero credibility.
I never read anywhere here that says you are not an accountant, but being someone with finance/investment background with sufficient knowledge in accountancy, I understand very well that an accountant would not make the kind of stupid remark you keep making.

Edit:
Nevertheless, forgive me for being rude.
I just believe you are doing a disservice to people by keep implying Veri is expensive based on its total supply.
Because if you are wrong in this, you may cause a lot of people to lose out a lot of opportunity.
At EtherDelta there is a troll by the name MJ Dillon (or DJ Millon, I can't remember) that kept calling Veri a scam when it was just around $30.
Those listened to him definitely screw up big time.
Unless you are competent in what you say, you should not give personal opinion that is wrong.

[toknormal]

You are not even an accountant, so whatever your opinion about circulating supply is mere personal opinion and has zero credibility.

Here's a new word for you you may not have heard of:



What that means is if the currency is fungible then a token with a given valuation at one end of the blockchain is substitutable for a similar token at the other end.

I'm not aware of an accountant that would testify to the Veritaseum blockchain being any less fungible than any other, but if you are then be my guest and post their views here

In the meantime, if you need a real world example of how misrepresented marketcap grossly distorts token-to-coin exchange rates then here's a convenient one that appears topical given the last few posts on this thread:

For 1 Bitcoin, you can currently pick up a mere 9 VERI tokens, despite there being no real world use cases other than a lot of "it's coming' handwaving and mumbo jumbo about decentralised security trading which is a contradiction in terms since all traded equity securities are subject to regulation anyway right now.

Meanwhile over on the PPT market, you have a token with half the supply of Veritasium, a crystal clear use-case that's a far larger commercial market than Veritasium's, software about to roll out in alpha and a well defined & quantified revenue stream for token holders.

Despite having only half VERI's supply, you can still pick up 922 PPT for 1 Bitcoin.

Go figure.

[Dorky]

Here's a new word for you you may not have heard of...

Go check out authorized capital and paid-up capital in accounting.
You are simply making things up based on the incomplete things that you read.

[Dorky]

Meanwhile over on the PPT market, you have a token with half the supply of Veritasium, a crystal clear use-case that's a far larger commercial market than Veritasium's, software about to roll out in alpha and a well defined & quantified revenue stream for token holders.

Despite having only half VERI's supply, you can still pick up 922 PPT for 1 Bitcoin.

I am glad that despite not seeing eye to eye on Veri market cap, we are still pretty compatible on PPT.

Why not check out Rialto.ai XRL too. You might find something worth salivating over.

[toknormal]

Go check out authorized capital and paid-up capital in accounting.
You are simply making things up based on the incomplete things that you read.

No I'm not. "Authorized Capital" and "Share Capital" relate to corporate equity, not a bunch of blockchain tokens. Please re-read my post on the distinction here:

https://bitcointalk.org/index.php?topic=1887061.msg20021640#msg20021640

Plus my reply to Reggie's lame rebuttal here:

https://bitcointalk.org/index.php?topic=1887061.msg20032859#msg20032859

[AltCity]

Veritaseum is a building a platform, that consumes VERI.
This is the services exchanged for tokens. This platform will grow and scale as a factor of interconnected users and consumers of those services.
Autonomy is also a component here, and there is a Harvard Business School write up on Microsoft which I think is informative of how Platforms thrive:

The second theme that emerges from our work is the importance of architecture. This theme emerges at multiple levels—in the design of Microsoft's products, its platforms, and its intellectual property. At the product and platform level, the key idea is that in today's networked economy, no firm can remain an island. Technological innovations are increasingly brought to the market by networks of firms, each focused on only specific pieces of the overall puzzle. Competition takes place both between competing platforms and between products that build on top of these platforms. Managers must therefore make explicit choices about the technology architectures they adopt, deciding what to "design/make" themselves, and what to rely upon others to provide. http://hbswk.hbs.edu/item/the-secret-of-how-microsoft-stays-on-top

You should buy VERI's to consume Veritaseum services. VERI's are divisible and being built on the Ethereum platform and can be bigger than the whole.
Reggie signed the deal with the Jamaican Stock Exchange; the international equities markets dwarfs even the riches of Vitalik Buterin!!!

If I could estimate I would say that good news is pending soon.

[Dorky]

No I'm not. "Authorized Capital" and "Share Capital" relate to corporate equity, not a bunch of blockchain tokens. Please re-read my post on the distinction here:

https://bitcointalk.org/index.php?topic=1887061.msg20021640#msg20021640

Plus my reply to Reggie's lame rebuttal here:

https://bitcointalk.org/index.php?topic=1887061.msg20032859#msg20032859

If this is all about blockchain tokens after all, then why do you bring up accounting and accounting-related terms into the topic?

Man, you are totally self-contradicting.


Edit:
And from that past explanation of yours, you were referring to "classic" blockchain, as if that's permanently set in stone forever unchanging.
The fact is, if the "classic" blockchain started off differently, you would argue in favor of that too.
And the point is really not because you know what you are talking about, rather you just talk about what has already taken place and outdated.

If those developers were to have your kind of mindset, I bet they wouldn't be working on PoS and scaling right now. Instead, they will permanently remain with PoW and non-scaling whatsoever. Luckily they don't share your mindset.

[azmojo]

Can anyone here tell me at a top level how renting a token like VERI would work? How would a coinlord retain control/ownership, and how can a lessee use the VERI and still be able to return it once they are done with it?

[oleksii777]

And what did you want with such capitolization! ;-)
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TOP 10 of coinmarket
 

[Chef Ramsay]

https://twitter.com/clif_high/status/887305980387573760

[mwall90278]

Can anyone here tell me at a top level how renting a token like VERI would work? How would a coinlord retain control/ownership, and how can a lessee use the VERI and still be able to return it once they are done with it?

Not to drop names or compare ...BUT the company Bitconnect has an AWESOME program that pays interest DAILY and let's you keep the principal coin as that value goes up.

Here is my direct link to learn more. I have been in since May 2017. VERY pleased with this program. https://bitconnect.co/?ref=mwall90278

I hope Reggie Middleton is thinking about something similar but BETTER.

[jetfish]

https://twitter.com/clif_high/status/887305980387573760

Nice, looking forward to the 24th to see what it will be!

[JuanHungLo]

https://twitter.com/clif_high/status/887305980387573760

Nice, looking forward to the 24th to see what it will be!

I know what it is but I won't release my video about it until I get paid about $30,000. - SilverTheRemedy  /s   

[NewbCoins]

Can anyone here tell me at a top level how renting a token like VERI would work? How would a coinlord retain control/ownership, and how can a lessee use the VERI and still be able to return it once they are done with it?

Not to drop names or compare ...BUT the company Bitconnect has an AWESOME program that pays interest DAILY and let's you keep the principal coin as that value goes up.

I am sure Bitconnect is a scam.

Can someone tell me the value of Veritaseum? I see the price action looks good but in reading through project I can't find any long-term valuable business.

Thanks.

[mwall90278]

Can anyone here tell me at a top level how renting a token like VERI would work? How would a coinlord retain control/ownership, and how can a lessee use the VERI and still be able to return it once they are done with it?

Not to drop names or compare ...BUT the company Bitconnect has an AWESOME program that pays interest DAILY and let's you keep the principal coin as that value goes up.

I am sure Bitconnect is a scam.

Can someone tell me the value of Veritaseum? I see the price action looks good but in reading through project I can't find any long-term valuable business.

Thanks.

I have made my original deposit BACK from when I started in May. Throwing the "SCAM" word around when you have not tested a thing is foolish.

I don't mention other tokens on this forum. But, someone asked and I have an experienced example. I am three months in and have made profit on top. LOOK at their business model.
A bot that TRADES bitcoin and pays INTEREST back to me...DAILY. That is a really cool deal.

Back to the #VERI topic. Enough about this other stuff.

[WeatlhTransfer]

https://twitter.com/clif_high/status/887305980387573760

Nice, looking forward to the 24th to see what it will be!

I know what it is but I won't release my video about it until I get paid about $30,000. - SilverTheRemedy  /s   

LOL

ROTFL. Thanks mate for this one. Brilliant!

[NewbCoins]

I don't mention other tokens on this forum.

Back to the #VERI topic. Enough about this other stuff.

You did mention other token. You mentioned Bitconnect when nobody else talked about it here. Bitconnect is obvious scam. If you feel good about making money on scam that will someday hurt many people, that is your decision. I will not touch it. Ponzi can collapse at any moment even when you are greedy and think it will keep go up.

I don't think Veritaseum is scamcoin but I didn't find value in it either. If someone feel different please explain the long term business.

Thanks.

[mwall90278]

I don't mention other tokens on this forum.

Back to the #VERI topic. Enough about this other stuff.

You did mention other token. You mentioned Bitconnect when nobody else talked about it here. Bitconnect is obvious scam. If you feel good about making money on scam that will someday hurt many people, that is your decision. I will not touch it. Ponzi can collapse at any moment even when you are greedy and think it will keep go up.

I don't think Veritaseum is scamcoin but I didn't find value in it either. If someone feel different please explain the long term business.

Thanks.

Not interested in going back and forth about this. The mention of economic rent is something to look into. I was just pointing out that a DAILY cash out would be THE coolest thing for the normal people without MILLIONS made/invested. A DAILY CASHOUT LIKE BITCONNECT! Ha.

I wish you all the best. Learn development and coding so we can produce more disruptive and beneficial software platforms.

Finally, we are seeing how WEALTH and VALUE can be distributed to the people that need it most.

- Get It From Mike

[BTCBusinessConsult]

Great to see the success this coin has had.

I am not afraid to admit mistakes, and change my opinion when I am proven wrong. I did not buy into this ICO because I did not think the coin would do what it promised -- I thought it too crazy. Boy was I wrong.

That being said I was still able to scrounge up enough cash to pick up 7 Veri at about 0.25 so thats not a bad return... even tho I hella missed the boat on the real returns

[AltCity]

Can anyone here tell me at a top level how renting a token like VERI would work? How would a coinlord retain control/ownership, and how can a lessee use the VERI and still be able to return it once they are done with it?

Veritaseum would create a smart contract to mediate the transaction. Those with tokens to rent would send them to the contract and those who needed to access a Veritaseum service which requires VERI would rent the access of the token; by sending ether to the same smart contract.

For something like the Coin reports this doesn't make much sense, but if you are trading on the P2P platform and need to stake a certain amount of VERI then this would make sense.

Out of the box ideas would include Veritaseum bidding on this project: http://gothamist.com/2015/01/21/metrocard_1.php and then renting the VERI tokens to the subway riders for the duration of the tickets... Starbucks could offer free rides to people if they watched a video. Since the whole thing would be mediated by the blockchain this would solve a lot of issues with clickbots and fake views!