VERITASEUM DISCUSSION THREAD

[profitgenerator212]

Sorry, your posts are hype. No one cares if a nameless, faceless person on BCT is excited about news that has just been posted. You posting about your excitement is nothing more than hype.
On the same token, no one cares if you think VERI will go to $50 or $500 or $5000 without any detailed and thought-out reasoning for such a projection. Such posts are also nothing more than hype. I could post, "I think VERI is going to $1000!" Whoop-de-doo. Who cares what I think? I am just another nameless faceless poster too. These posts are hype, nothing more.

So what I am just sharing here my opinions for what it's worth ? I don't know why you have to be so mean about it.

And for what it's worth I have  1760 followers on my blog, my followers have a total of at least 6,892,009 $ of crypto assets of power. Maybe my word is worth something

[Dorky]

I am not hyping anythin, I am just excited that is all. When I see the potential somewhere , especially when only a few others see it too, that is a huge opportunity in my book.

It's like predicting BTC of 5000$ in 2009. That kind of visionary skills. I have the same beliefs about VERI.

I can feel you here.
Of course I agree VERI can indeed be huge, but such outcome is still pretty distant at the moment.
And a lot of factors may change the outcome differently.
This is a long-term involvement.
And we need to be responsible in this.

Besides, I am still waiting for Reggie to answer why institutions would want to use Veritaseum when they can use OmiseGo.
A lot of things can happen and don't make yourself liable to other people's loss of money just in case you make an unintended bad call.

Now, I don't want Veritaseum to fail, but while things are still too early, I would prefer to stay cautious instead of being euphoric.

[azmojo]

Sorry, your posts are hype. No one cares if a nameless, faceless person on BCT is excited about news that has just been posted. You posting about your excitement is nothing more than hype.
On the same token, no one cares if you think VERI will go to $50 or $500 or $5000 without any detailed and thought-out reasoning for such a projection. Such posts are also nothing more than hype. I could post, "I think VERI is going to $1000!" Whoop-de-doo. Who cares what I think? I am just another nameless faceless poster too. These posts are hype, nothing more.

So what I am just sharing here my opinions for what it's worth ? I don't know why you have to be so mean about it.

And for what it's worth I have  1760 followers on my blog, my followers have a total of at least 6,892,009 $ of crypto assets of power. Maybe my word is worth something

Because if everyone replied with how excited they were every time they read a positive piece of news about a token they invested in Bitcointalk would become worthless. Please stop pushing it down that path.

[Gen6:6]

You can't say anything to these people on this thread these days huh?

[davs]

New Reggie Middleton's video:

Reggie Middleton's Keynote Address at the Global Business Conference at Harvard University

https://www.youtube.com/watch?v=ksYLDeBHTwA

[Haddem]

New tweet:

Rental beta available

https://twitter.com/ReggieMiddleton/status/910957875656318976

[profitgenerator212]

Sorry, your posts are hype. No one cares if a nameless, faceless person on BCT is excited about news that has just been posted. You posting about your excitement is nothing more than hype.
On the same token, no one cares if you think VERI will go to $50 or $500 or $5000 without any detailed and thought-out reasoning for such a projection. Such posts are also nothing more than hype. I could post, "I think VERI is going to $1000!" Whoop-de-doo. Who cares what I think? I am just another nameless faceless poster too. These posts are hype, nothing more.

So what I am just sharing here my opinions for what it's worth ? I don't know why you have to be so mean about it.

And for what it's worth I have  1760 followers on my blog, my followers have a total of at least 6,892,009 $ of crypto assets of power. Maybe my word is worth something

Because if everyone replied with how excited they were every time they read a positive piece of news about a token they invested in Bitcointalk would become worthless. Please stop pushing it down that path.

I wish they would upgrade the forum software then and add some kind of like buttons so that people can like posts. Hard to express emotions any other way than talking about it. I don't use smileys that often.

New tweet:

Rental beta available

https://twitter.com/ReggieMiddleton/status/910957875656318976

Wonderful news. I might take a look at it tomorrow, has anyone tested it so far?.

[Triload]

You have a large market cap but only trade in a few small exchanges, what is wrong here?

[profitgenerator212]

You have a large market cap but only trade in a few small exchanges, what is wrong here?

The trade volume is relatively small. Big exchanges don't bite until they see big volumes. We need to buid up the volume ourselves, the community, and then exchanges will start listing VERI.

[Dorky]

New Reggie Middleton's video:

Reggie Middleton's Keynote Address at the Global Business Conference at Harvard University

https://www.youtube.com/watch?v=ksYLDeBHTwA

The video's last question's premise, which Reggie explained about P2P without the middleman but the person said is not about P2P transaction; I suspect his actual premise is whether bitcoin will totally displace central banking altogether, because we are still using fiats to get into cryptos.

I would say yes.
And whether my suspicion is right about that person's actual premise will need Reggie to confirm.

[azmojo]

New Reggie Middleton's video:

Reggie Middleton's Keynote Address at the Global Business Conference at Harvard University

https://www.youtube.com/watch?v=ksYLDeBHTwA

The video's last question's premise, which Reggie explained about P2P without the middleman but the person said is not about P2P transaction; I suspect his actual premise is whether bitcoin will totally displace central banking altogether, because we are still using fiats to get into cryptos.

I would say yes.
And whether my suspicion is right about that person's actual premise will need Reggie to confirm.

It's an interesting question. It just depends on who takes what currency. If I can start paying all of my bills with crypto I don't need fiat.
Governments and central banks are loathe to give up control and easy profits for being middle-men. It may be that at some point laws would prevent certain entities from accepting a non-federal crypto (because I think the federal reserve may eventually establish its own crypto dollar) thus forcing use to convert crypto to fiat to pay certain bills. But if the local grocery store and utility companies take crypto, who needs a bank any more? Think about why you have a bank... #1 so you don't have piles of cash laying around (ie Security/Risk) and #2 so you can cash checks and write checks. Crypto addresses those needs.

Once people un-bank, the fractional reserve lending system goes away and with it the fed's ability to control the money supply.

[davs]

September was looking very promising for VERI, after the 18th we are again witnessing accelerated selling, the same is happening with PPT, so what are your thoughts, double bottom on .0156 btc, or even more blood?


https://i.imgur.com/nr8IxlK.jpg

[MrPuffnStuff]

September was looking very promising for VERI, after the 18th we are again witnessing accelerated selling, the same is happening with PPT, so what are your thoughts, double bottom on .0156 btc, or even more blood?

I think Veritaseum received a lot of attention from it's insane growth since the ICO, people bought in without knowing the potential of the project with a working product.  They see the price drop and sell off instantly as there's no way to short and this will continue until Reggie releases news comparable to the Jamaican Stock Exchange.  I've lost money on Veri but haven't thought of selling once, we'll look back on these prices in a year and laugh.  Needless to say, I'm bullish

Regarding PPT, I'm completely dumbfounded on this dip, I think there's interest in PayPie and people are worried it will out compete Populous.  I, for one, think PPT will have a consistent presence in the top 25 as their product is going to be released in the coming months.

[davs]

September was looking very promising for VERI, after the 18th we are again witnessing accelerated selling, the same is happening with PPT, so what are your thoughts, double bottom on .0156 btc, or even more blood?

I think Veritaseum received a lot of attention from it's insane growth since the ICO, people bought in without knowing the potential of the project with a working product.  They see the price drop and sell off instantly as there's no way to short and this will continue until Reggie releases news comparable to the Jamaican Stock Exchange.  I've lost money on Veri but haven't thought of selling once, we'll look back on these prices in a year and laugh.  Needless to say, I'm bullish

Regarding PPT, I'm completely dumbfounded on this dip, I think there's interest in PayPie and people are worried it will out compete Populous.  I, for one, think PPT will have a consistent presence in the top 25 as their product is going to be released in the coming months.

The reason why I mentioned PPT is because it shares the same 'not listed on big exchanges' fate with VERI, at first i thought it's because of the VERI's 98% undistributed tokens, now i see different reasons, so i share your thoughts on this and also think both VERI and PPT have enormous potential, hopefully this current small volume slow selling trend/manipulation will reverse soon.

[azmojo]

VERI is a "mature" token in that it's been out a while (relative to ongoing flurry of ICOs) and thus its price should be fairly stable. The price should reflect overall market movements and investor sentiment mostly; however, due to fairly low volume it's going to be susceptible to large holders rebalancing their portfolios.

Investor sentiment could be the cause here... and maybe not so much a loss in confidence in VERI but maybe VERI has lost its shine in the shadow of the recent and upcoming shiny ICOs. VERI holders may be attracted to some shiny new products. Reggie's updates have been nice but there hasn't been a lot of "concrete" news releases. I also think that the purpose and utility of VERI is still fuzzy to some people, and that they are waiting for a concrete or real-life use case to be presented. Telling people that a VERI token gives someone "access" to the "VERI platform" is hard to conceptualize in real terms. I think the world is waiting for the JSE project to go live so people can get a firmer understanding of exactly how it all works and more importantly, how the VERI token is used.

Token holders/investors seem to be a fickle bunch. Everyone wants those 20x gains but they don't seem to have the patience to wait for them. Most don't seem to realize that in many of these ICOs you are buying into a the early stages of a project and these projects take time to develop. That's why the tokens are so cheap now. They will not be when VERI starts to mature. I think I told this story before on here but I bought Chipotle stock right after its IPO many years ago. I held it for 6 months and after the stock price failed to move I sold it. Big mistake. I know VERI (and PPT) will be the same way, but I'm not selling this time.

[profitgenerator212]

VERI is a "mature" token in that it's been out a while (relative to ongoing flurry of ICOs) and thus its price should be fairly stable. The price should reflect overall market movements and investor sentiment mostly; however, due to fairly low volume it's going to be susceptible to large holders rebalancing their portfolios.

Investor sentiment could be the cause here... and maybe not so much a loss in confidence in VERI but maybe VERI has lost its shine in the shadow of the recent and upcoming shiny ICOs. VERI holders may be attracted to some shiny new products. Reggie's updates have been nice but there hasn't been a lot of "concrete" news releases. I also think that the purpose and utility of VERI is still fuzzy to some people, and that they are waiting for a concrete or real-life use case to be presented. Telling people that a VERI token gives someone "access" to the "VERI platform" is hard to conceptualize in real terms. I think the world is waiting for the JSE project to go live so people can get a firmer understanding of exactly how it all works and more importantly, how the VERI token is used.

Token holders/investors seem to be a fickle bunch. Everyone wants those 20x gains but they don't seem to have the patience to wait for them. Most don't seem to realize that in many of these ICOs you are buying into a the early stages of a project and these projects take time to develop. That's why the tokens are so cheap now. They will not be when VERI starts to mature. I think I told this story before on here but I bought Chipotle stock right after its IPO many years ago. I held it for 6 months and after the stock price failed to move I sold it. Big mistake. I know VERI (and PPT) will be the same way, but I'm not selling this time.

All the NEW ICO's are scams and hype.

Stick with what you can trust. In VERI and PPT we have a very professional team with a very promising idea and the skills required to actually fulfill it.

Most tokens, especially the new ones are outright scams that literally use identity theft to copy paste some random guy's photo into their "About Us" page. Bogus scam websites with anonymous owners.

The ICO market has really devolved into a den of thieves. So you got to trust the projects that actually have legitimate reputable people behind it. They are getting buried under the scams, but once the scams go away, they will float to the surface and they will be the ones that will survive.

[MrPuffnStuff]

VERI is a "mature" token in that it's been out a while (relative to ongoing flurry of ICOs) and thus its price should be fairly stable. The price should reflect overall market movements and investor sentiment mostly; however, due to fairly low volume it's going to be susceptible to large holders rebalancing their portfolios.

Investor sentiment could be the cause here... and maybe not so much a loss in confidence in VERI but maybe VERI has lost its shine in the shadow of the recent and upcoming shiny ICOs. VERI holders may be attracted to some shiny new products. Reggie's updates have been nice but there hasn't been a lot of "concrete" news releases. I also think that the purpose and utility of VERI is still fuzzy to some people, and that they are waiting for a concrete or real-life use case to be presented. Telling people that a VERI token gives someone "access" to the "VERI platform" is hard to conceptualize in real terms. I think the world is waiting for the JSE project to go live so people can get a firmer understanding of exactly how it all works and more importantly, how the VERI token is used.

Token holders/investors seem to be a fickle bunch. Everyone wants those 20x gains but they don't seem to have the patience to wait for them. Most don't seem to realize that in many of these ICOs you are buying into a the early stages of a project and these projects take time to develop. That's why the tokens are so cheap now. They will not be when VERI starts to mature. I think I told this story before on here but I bought Chipotle stock right after its IPO many years ago. I held it for 6 months and after the stock price failed to move I sold it. Big mistake. I know VERI (and PPT) will be the same way, but I'm not selling this time.

All the NEW ICO's are scams and hype.

Stick with what you can trust. In VERI and PPT we have a very professional team with a very promising idea and the skills required to actually fulfill it.

Most tokens, especially the new ones are outright scams that literally use identity theft to copy paste some random guy's photo into their "About Us" page. Bogus scam websites with anonymous owners.

The ICO market has really devolved into a den of thieves. So you got to trust the projects that actually have legitimate reputable people behind it. They are getting buried under the scams, but once the scams go away, they will float to the surface and they will be the ones that will survive.

I wouldn't say ALL the new ICO's are scams.  My biggest beef with the current state of ICO's are their "initial valuations" are absolutely grotesque.  Most of them clone an existing project and say they're going to be worth 50-100 million dollars on day one?  Give me a fucking break....

[azmojo]

All the NEW ICO's are scams and hype.

Stick with what you can trust. In VERI and PPT we have a very professional team with a very promising idea and the skills required to actually fulfill it.

Most tokens, especially the new ones are outright scams that literally use identity theft to copy paste some random guy's photo into their "About Us" page. Bogus scam websites with anonymous owners.

The ICO market has really devolved into a den of thieves. So you got to trust the projects that actually have legitimate reputable people behind it. They are getting buried under the scams, but once the scams go away, they will float to the surface and they will be the ones that will survive.

You completely missed the point. And not ALL new ICO's are scams and hype. There are several gems.

Regardless of the quality of the new ICOs (which varies across the board), the new ones are new and exciting, VERI is... well... boring. We're waiting for Reggie to deliver on his promises and he is... it just takes time. It's too tempting for a lot of people to see the shiny new ICOs compared to VERI where the price has been range bound for the past month or two.

In fact I'm now convinced that a good strategy is to wait out the ICOs for companies that need time to develop. Wait a few months for the hype to die down, and then buy up for less than ICO price.

[Dorky]

The barriers to entry into this crypto world is extremely low.
Almost anyone can do what everyone else is doing/planning to do.
We can have 10 Veritaseum-like projects and nobody will know for sure which one (or two) of the 10 will trump the others, thus this makes very hard selection decision for us.
Because the use of blockchain is actually very limited, that despite all the marketing about it being trustless and P2P, only a very few kind/type of business deals would require such network, thus we keep seeing the same/similar ICO projects every now and then, i.e. finance-based transactions.
Many of the ICOs do not have future projection on how promising their business will be.
It takes far more than just some novel business idea to be successful, especially when it can be easily copied and reproduced.
What a team needs is big and aggressive ambitions, in addition to attaining perfection in what they do (big dreams with shady quality leads to failure).
When decision is tough, I prefer to stay safe and just follow what the Rothschilds do, i.e. fund both sides of the war.
And in this case, I funded LAToken.
LAToken has whitepaper with future projection of the industry (worth multi trillions), full 100% value transfer to token holders, has very strong team, and already have a publicly available MVP.
Veritaseum, according to its current price vs ETH, commands around 25% of Ethereum's entire blockchain ecosystem if we compare them on equal total supply of ETH:VERI.
LAToken on the other hand, will have 1 bil total supply, and if its future projection is conservative and accurate, then we can expect it to command around at least the same market share as Veritaseum, i.e. 25% to 30%.
If so, this makes LAToken's potential fair price to be 1/10th of what Veritas is selling, i.e. around $7-$8, after adjusting for equal total supply of token.
If my estimation is correct, then LAToken may reach the top 10 in terms of market cap, although this does not mean it is more valuable than Veritaseum, because this is just the effect of difference in circulating supply.
Participating in LAToken might be 50% more rewarding than in Veritaseum (if my estimation is accurate), simply because Veritas' price near end of its ICO was around $6 while LAToken's price currently is around $4, due to ETH's volatility during the time when each ICO was/is active.
However, I am not suggesting selling Veritas to buy LAToken so what I did was I just allocate more fiat to LAToken.
Traders being short-term, try to stay safe by selling their holdings of old ICOs to be rolled over to newer ICOs.
If each new ICO participation nets them just 50% to 100% gain, and they are doing this multiple times, they would compound their money seriously.
But of course there is serious drawback to this approach.
There is no point having millions of tokens of an ICO when you can't even sell 10% of them without moving the market significantly.
In the meantime, this is still the most profitable approach to small money.
Veritaseum certainly needs to do more if it wants to stay competitive and be ahead of the rest.

[azmojo]

Veritaseum certainly needs to do more if it wants to stay competitive and be ahead of the rest.

Do more?
In the first 3-4 months:
-Finalizing a deal and implementation with JSE.
-Negotiating deals with several large hedge funds
-Negotiating deals with Top 10 stock exchange
-Deal with a medical office.
-More I can't remember

What more are you expecting? If you asked me how long it would take to made a deal with a stock exchange or a hedge fund and hammer out all of the details of implementation, I would say each deal would take 2-3 months of calendar time minimum, if not 6 months. Dealing with the management bureaucracy of completely changing the way business is done at some of these large organizations can't be easy. And not only are the systems complex but the testing along has to be extremely diligent and thorough. Reggie has his sights set high on the big prizes - stock exchanges and hedge funds, and I think he is uniquely qualified to do so. I am quite satisfied with what VERI has accomplished so far in this time frame. It will take some time to get some momentum. Once they have Veritized a few things it will be easier to duplicate but that initial infrastructure takes time.

The market is certainly large enough for multiple players and I would even guess that once Reggie's patents are issued companies like LAToken might be in violation of his patents - that's worth looking at. At first glance it does not appear that LAToken and VERI are going after the quite the same markets and they have slightly different approaches, so I think they might complement each other more than they will compete.