VERITASEUM DISCUSSION THREAD

[buyabit]

Veritaseum - Live Demonstration Of The Veritization Of Gold!


https://www.youtube.com/watch?v=Fl6g9c_ybPs

[buyabit]

From Reggie Middleton today.

Veritaseum's application for a broker/dealer license has been accepted by US regulators. We look forward to moving forward to what we hope is the ultimate approval of our request to become a full fledged broker/dealer of securitized digital assets & digital securities in the U.S.

[buyabit]

From Reggie Middleton today.

To eliminate misunderstanding, having an accepted is not the same as having that application approved, but we are working very hard to obtain approval. Veritaseum envisions a much more egalitarian, less risky, more transparent financial world using blockchain/network economics.

[buyabit]

The Golden Token People’s Choice Award (Public Voting) Winners.

Blockchain Influencers of the year:

Vitalik Buterin

Charlie Lee

Dan Larimer

Reggie Middleton

Brian D. Evans

Award winners are invited to The Awards Ceremony that will take place at
the CRYPTO FUNDING SUMMIT in NYC (JULY 25-26).

[buyabit]

From Reggie Middleton today.

VeADIR Beta 9.2.00 now on mainnet - largest update since inception, massive upgrade, ie. built-in DEX for introduction of custom VERI.subtokens to portfolios on the fly & upgrading smart contracts without interrupting exposures (this would've fixed the DAO issue without hardfork).

[buyabit]

Also, from Reggie Middleton today.

We'll pay contract beta testers of the new VeADIR Beta 9.2.00 in VeGOLD VERI.subtokens, which are fully redeemable for .9999 fine physical gold.

Wanted, are those Intimately familiar with VeADIR, strong experience in testing distributed software/web UIs & family offices & funds.

[buyabit]

Also, from Reggie Middleton today.

Research for Tokenomy & KickICO on deck - currently drafting/submitting questions to management of each respective project. These reports should be superior to the @Populous  & @PayPiePlatform  reports (see https://veritas.veritaseum.com/index.php/component/edocman/research …) & we believe those reports were best in breed.

[buyabit]

Update from Reggie:

VeADIR v9 changelog (1/4):
- Improved performance using data snapshots, also allows migration process.
- New order matching strategy in VeRent, safer, cheaper for users, prevents active offers being invalidated due 2 beta limit changes.
- Show own offers in "Active offers" table.

[buyabit]

VeADIR v9 changelog (2/4):
- Responsiveness improvements
- Add functionality of removing token from registry.
- Automatically redirect users to maintenance page during migrations.
- Fixed final exposure calculation bug: "planned" closing vs actual time when exposure was closed.

[buyabit]

VeADIR v9 changelog (3/4) Contract changes (not visible to end users yet):
- Fixed all issues from last audit (new code not yet audited).
- Ability to transfer exposures between users.
- KYC contract to whitelist VeADIR access.
- All contracts restrict access only to KYCed users.

[buyabit]

VeADIR v9 changelog (4/4):
- Custom contracts blocking, in contrast to built-in ethereum `destroy` function, prevents users from ETH loses during updates.
- Abstracted trading contract to integrate with many, if not nearly all, decentralized exchanges.
- Data & value migrations.

[Gash]

Also, from Reggie Middleton today.

We'll pay contract beta testers of the new VeADIR Beta 9.2.00 in VeGOLD VERI.subtokens, which are fully redeemable for .9999 fine physical gold.

Wanted, are those Intimately familiar with VeADIR, strong experience in testing distributed software/web UIs & family offices & funds.

What makes u spawn these spin-off futile tokens, can u tell me? None of them can be exchanged for physical commodity simply because u have zero backing, and u know that better than me. Now, having acknowledged everything I said above, u should shut up and try to come off like a nice dude with apology for having been snapped. Selling bread sticks in holocoust time is in the same vein with selling snip token which, u insist, could be redeemed for gold. How would u ship those gold plates, maybe wrap them in selofan and pack it all in a parcel, for further delivery by shipping cargo or what.

[buyabit]

Gash,

There is no doubt IMO that Reggie is going to bother wasting his time on someone like you. Do you think your miserable attempt at a FUD post will even come to his attention?

Perhaps you should review the information presented on how the tokens are bought and will be delivered in the future when a contract is closed.

Your comment on the holocaust in totally inappropriate and in very bad taste. IMO.

[CoinMLS]

Also, from Reggie Middleton today.

We'll pay contract beta testers of the new VeADIR Beta 9.2.00 in VeGOLD VERI.subtokens, which are fully redeemable for .9999 fine physical gold.

Wanted, are those Intimately familiar with VeADIR, strong experience in testing distributed software/web UIs & family offices & funds.

What makes u spawn these spin-off futile tokens, can u tell me? None of them can be exchanged for physical commodity simply because u have zero backing, and u know that better than me. Now, having acknowledged everything I said above, u should shut up and try to come off like a nice dude with apology for having been snapped. Selling bread sticks in holocoust time is in the same vein with selling snip token which, u insist, could be redeemed for gold. How would u ship those gold plates, maybe wrap them in selofan and pack it all in a parcel, for further delivery by shipping cargo or what.

Veritaseum/Reggie will redeem the tokens. If you have one, contact him and he'll give you the instructions.

[buyabit]

From Reggie Middleton today.

Veritaseum will be assisting very high quality companies to launch tokens that are attractive to fundamental investors across the globe. Expect these assets to be available through VeADIR. See Reggie Middleton pose questions to token startups in San Fran.

https://www.youtube.com/watch?v=P2IMS7P6JAo&t=216s

[Dorkie]

Reggie questioned ICO pitches on value proposition yet VERI's value proposition itself is null & void.
Why? Because the token is recyclable and resellable indefinitely (cannot be burnt, can be used, recycled, resold, and reused over and over again).
Veritaseum as a company (not as a token) value proposition is high (but then there is no barrier to entry), but none of us has any part of it.
Why? Because the company is a private entity, and the VERI token is just prepaid fee.

Let the one without sin cast the first stone.
If you want to judge others, make sure you yourself are qualified first.

As an objective person, I don't deny Veritaseum as a company has high value proposition, but I also do not deny the token's value proposition is null & void.
If I am spreading fud, then even the good things I said about the company can't be true as well.
In other words, Veritaseum as a company has invalid value proposition, if it is true that I am a fudster.
It's all or nothing. You can't cherry pick which part of my fud is right, and which part is wrong based on your personal subjective whims and fancy.

By the way, most of those ICO pitches are like contestants in American Idol or something similar, i.e. out of many tens of them maybe only 1 will be legit.

[Dorkie]

Reggie's quote at Youtube...

Take note of how many times I asked the same unanswered question, then not my 15 second tutorial on how to reply to an investor who asks you, "How do I make money buying your token?"

1. VERI is not a security and thus nobody should ask any question from the standpoint of an investor.

2. You don't make money directly from buying VERI token. You make money from using Veritaseum's products and services. You use the token as prepaid fee to use the products and services. In fact, the VERI token can be totally excluded from the whole business model and everything would still be operational.

What does this tells you?
It tells me Reggie is not practicing what he preaches.

You asked ICO projects from the standpoint of an investor and on "How do I make money buying your token?" and yet at the same time your token is not a security and buyers cannot make money directly from buying it. Give me a break. You are like an ugly-looking judge in a beauty contest.

[buyabit]

Reggie Middleton at Columbia University Blockchain and Development Roundtable.

https://www.youtube.com/watch?v=y-BKSkMMnBw&t=2s

[Dorkie]

Question: When is the right time to buy and hold VERI?
Answer: Never ever.

Explanation: The only right time to buy (not hold) VERI is just right before you need to use/access the VeADIR. Because the token is structured to be effectively having the value proposition of being null & void, if you buy and hold it, you will be subjected to volatility risk in which you risk spending more of your token to access the VeADIR. And that translates to much higher fee than the currently quoted 5%. Imagine if you bought at 0.2 ETH (say fee at 5% from that price) and the price drops to 0.1 ETH in the future, then you will be paying 2x the token needed, or 10% fee. And this 10% is only if you have the discipline to open an exposure and maintain it for 1 year or beyond. Otherwise, if you open an exposure and close it within a month, then your fee would be way much higher, annualized, than 5%. The best time to buy (not hold) VERI is right before you use/access the VeADIR, so that you may lock in the 5% fee. Not 10% fee. And certainly not 120% fee.

A lot of these are not disclosed by Reggie himself despite being a fundamental analyst. So why does he encourage the community to buy the token and hold for volatility risk? Vitalik tweeted a token has value by being burned as it is used. VERI is exactly the opposite, i.e. not only not burned but also can be reused over and over again by the company. I see a lot of things not disclosed and a lot of things being misrepresented.

[Dorkie]

Reggie went out and challenged ICO pitches on value proposition while at the same time his own VERI token is devoid of any.
Totally zero credibility.

If I were pitching an ICO on stage, I would ask Reggie back, "Aren't you Reggie from Veritaseum? Is your token an investment? Why the fuck are you asking me if my token has any investment proposition when yours has none?"