estenity
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October 22, 2018, 02:09:48 PM |
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any external audit to affirm that fine silver is really there ? where is the vault ? who is the certificator ?
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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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CoinMLS
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October 23, 2018, 10:43:02 PM |
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https://twitter.com/ReggieMiddleton/status/1054858322350878720@ReggieMiddleton Introducing Jeffrey Tabak, the co-CEO of Veritaseum Securities, the company slated to be our USA onshore broker-dealer (pending licensure and registration through FINRA). This is very smart, very accomplished man, with plenty of experience https:/[Suspicious link removed]/QS2UhdFDUE
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Simss
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October 25, 2018, 03:36:48 PM |
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Based on the latest video from Veritaseum. Oct 23, 2018. Am I getting this correctly...
The price of the VERI token will rise in price, because it’s essentially (a cup) that holds all their listed assets now/future.
Do all those assets get spread out over all the VERI Tokens? Or do I need to fill up my own cups. Am I required to pick and choose from their listed assets?
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Driendy
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October 27, 2018, 06:02:40 PM |
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Mini pump and mini dump. In this market you can be a superman but you will never make it . There is no money , nocash. It's just ridiculous , I'd say all the projects needs to stop publishing, advertising any development i boycott. I know it's ridiculous what I am saying but nothing is paying out now even if you invent e=mc2.
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Dorkie
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November 03, 2018, 03:40:14 AM |
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What Reggie (i.e. Veritaseum) is trying to do is replacing the middlemen to become the middleman himself. Nothing really changes. It's just traditional private business slightly remodeled to employ the blockchain tech. JPMorgan's private blockchain Quorum that tokenizes gold will not stay private forever. And JPMorgan won't be the only one to tokenize everything. I know of a few others (not Veritaseum) that are already tokenizing real estates. 1. Veritaseum will be facing very stiff competition in the future. 2. VERI token fundamentally is not needed in the whole scheme of things.
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CoinMLS
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November 03, 2018, 05:31:58 PM |
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Dorkie, do yourself a favor and sell your VERI and go away. You haven't bothered to learn about VERI to even know what you're talking about. VERI is the ONLY place in the world that you'll be able to buy gold and earn an (estimated) 7% return on it. Is there anywhere else that you can actually earn a return on owning/holding gold? VERI will not be tokenizing ownership of real estate, they will be tokenizing real estate cash flows, at least that will be their initial effort. Even if there are others doing the same it doesn't matter, the market is big enough for multiple players. And in this space, it will be more about the product - the ROI and specific details on those cash flows - than it will be about the company offering it. Their KYC product is uninque in the industry, Reggie hasn't talked about it much because it's not available just yet. But go invest in the competition if you think they are going to do it better and leave us alone. Reggie has posted a whole bunch of videos lately, as have others, maybe you'll learn something. Check out Bitcoin Ben's video from a meetup 2 days ago. https://www.youtube.com/watch?v=SFOSvwXA5i0
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Dorkie
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November 04, 2018, 02:33:22 AM |
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I participated in the ICO and was an owner of VERI. I am no longer holding any VERI now the more I learned about its fundamentals.
I very probably know a lot more about VERI than most people here.
Earning a return from buying VeGold is the result of a packaged product. This is no rocket science.
You cannot tokenize real estate cash flow. Cash flow is an unpredictable thing. You can only tokenize the real estate that you expect will receive cash flow.
THIS: CoinMLS, if there is anything you still fail to learn, that is accepting VERI as a prepaid fee utility token that you buy well in advance for some service unknown to you during the time of purchase that you think will be available to you in the future and that you will need to use it because you think the service will be available from Veritaseum only and nowhere else. Plenty of assumptions. If utility token is bad for investment, prepaid fee token is worse.
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boomboom
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November 04, 2018, 03:48:07 AM |
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How can I buy vegold, what kyc for non Americans ?
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CD70
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November 06, 2018, 04:09:06 AM |
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Does anyone know how to put vegold tokens into a cold storage paper wallet or transfer to a meta mask wallet, couldnt find any information on this...
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CoinMLS
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November 07, 2018, 11:55:55 PM |
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Does anyone know how to put vegold tokens into a cold storage paper wallet or transfer to a meta mask wallet, couldnt find any information on this...
It works like any other ERC20 token.
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CoinMLS
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November 08, 2018, 12:10:08 AM |
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I participated in the ICO and was an owner of VERI. I am no longer holding any VERI now the more I learned about its fundamentals. token is worse.
Then why are you here? Earning a return from buying VeGold is the result of a packaged product. This is no rocket science.
The VeGold (and associated) products are another use of the VERI token and another product/service offering from Veritaseum. It may not be rocket science (few crypto apps are), but it is an application for the VERI token that will drive revenue for Veritaseum as a company and drive use/consumption of the VERI token. You cannot tokenize real estate cash flow. Cash flow is an unpredictable thing. You can only tokenize the real estate that you expect will receive cash flow.
Why not? It's not rocket science. Who says the cash flow has to be a constant amount? THIS: CoinMLS, if there is anything you still fail to learn, that is accepting VERI as a prepaid fee utility token that you buy well in advance for some service unknown to you during the time of purchase that you think will be available to you in the future and that you will need to use it because you think the service will be available from Veritaseum only and nowhere else. Plenty of assumptions. If utility token is bad for investment, prepaid fee token is worse.
Again, then why are you here? VeADR, VeGld and VeSlv are available now with more products in the pipeline. I'm unaware of any competitors offering similar products but you're right that some competitors could come along. You can say that about every project. VERI has first-mover advantage in this arena and has built out a LOT of infrastructure to make it all work and he has done everything the right way. I am not worried about VERI's ability to compete in the face of inevitable competition. Reggie has shown himself to be quite capable, innovative, and competent at everything so far. As far as token price, who knows what the future will be but VERI is doing all the right things, I can't ask for more from a project.
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johnsilver14
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November 08, 2018, 02:40:48 AM |
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Dont aim for poloniex. 3-4K ETH per day is by factors lower than the lowest traded asset on poloniex and even those get thrown out regularly. Bittrex is the only real chance. However, the best chance is to deliver value
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Dorkie
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November 08, 2018, 05:06:53 AM Last edit: November 08, 2018, 05:18:11 AM by Dorkie |
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Then why are you here?
The VeGold (and associated) products are another use of the VERI token and another product/service offering from Veritaseum. It may not be rocket science (few crypto apps are), but it is an application for the VERI token that will drive revenue for Veritaseum as a company and drive use/consumption of the VERI token.
Why not? It's not rocket science. Who says the cash flow has to be a constant amount?
Again, then why are you here? VeADR, VeGld and VeSlv are available now with more products in the pipeline. I'm unaware of any competitors offering similar products but you're right that some competitors could come along. You can say that about every project. VERI has first-mover advantage in this arena and has built out a LOT of infrastructure to make it all work and he has done everything the right way. I am not worried about VERI's ability to compete in the face of inevitable competition. Reggie has shown himself to be quite capable, innovative, and competent at everything so far.
As far as token price, who knows what the future will be but VERI is doing all the right things, I can't ask for more from a project.
I believe the main question is why are you here pumping a hype. Yes, VERI drives revenue for Veritaseum. And VERI is not an investment. By saying cash flow can be tokenized, you are revealing yourself to be ignorant of finance and economics. If you tokenize the cash flow but NOT the underlying asset, then what makes you think you are entitled to the cash flow generated by the underlying asset? Heck, you are not even an owner of the underlying asset. And if what you say is true, then your portion of the cash flow is subordinated to the owner's portion. Do you get what that means? The main question is, unless you are a direct employee of Veritaseum under the company's payroll, why are you pumping VERI? Ignorance of the competition does not mean there is no competition. Veritaseum, not VERI, has so far built VeADIR for its business' own private exchange. The rest of all the infrastructures that you see in public are built by others, not Veritaseum. Veritaseum is just riding on the coat tail of such public infrastructure built by others. You persistently confusing yourself with VERI = Veritaseum. VERI is a prepaid fee utility token. Veritaseum is a company. There is no investment proposition in hodling VERI nor does it have any equity value in the company. I agree, Reggie is a very competent private businessman utilizing public blockchain tech for his private business. If you ask Reggie about VERI being an investment, he will never stop telling you it is not. So stop confusing yourself that VERI is Veritaseum. Stop associating VERI as Veritaseum. VERI is a token. It is not an equity of the company. Veritaseum's marketing is about taking away the middleman so that P2P transaction is possible, yet if I have VeGold, I cannot redeem it for physical gold from anywhere else except at Veritaseum, and if I have to submit KYC I cannot do it at anywhere else except at Veritaseum. This is private business selling private products and services using public infrastructure built by others.
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CoinMLS
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November 08, 2018, 05:09:51 PM Last edit: November 08, 2018, 05:40:09 PM by CoinMLS |
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I believe the main question is why are you here pumping a hype.
I am not pumping anything unless you consider re-posting Reggies tweets to be pumping. Not all people follow twitter. Correcting your misinformation is also not pumping. Yes, VERI drives revenue for Veritaseum. And VERI is not an investment.
Correct. By saying cash flow can be tokenized, you are revealing yourself to be ignorant of finance and economics. If you tokenize the cash flow but NOT the underlying asset, then what makes you think you are entitled to the cash flow generated by the underlying asset? Heck, you are not even an owner of the underlying asset. And if what you say is true, then your portion of the cash flow is subordinated to the owner's portion. Do you get what that means?
Do you understand how contracts work? Why can't someone with an income stream contractually obligate themselves to deliver all or a portion of that stream to someone else? This is a fairly common practice. Just because it isn't an investment class you're interested in doesn't mean it doesn't exist or that no one will buy it. Tokenizing actual assets such as property or artwork is possible but much more complicated due to having to set and pay a trustee and/or management structure to provide security, maintenance, etc. The main question is, unless you are a direct employee of Veritaseum under the company's payroll, why are you pumping VERI? Ignorance of the competition does not mean there is no competition. Veritaseum, not VERI, has so far built VeADIR for its business' own private exchange. The rest of all the infrastructures that you see in public are built by others, not Veritaseum. Veritaseum is just riding on the coat tail of such public infrastructure built by others. You persistently confusing yourself with VERI = Veritaseum. VERI is a prepaid fee utility token. Veritaseum is a company. There is no investment proposition in hodling VERI nor does it have any equity value in the company. I agree, Reggie is a very competent private businessman utilizing public blockchain tech for his private business.
If you ask Reggie about VERI being an investment, he will never stop telling you it is not. So stop confusing yourself that VERI is Veritaseum. Stop associating VERI as Veritaseum. VERI is a token. It is not an equity of the company.
I am not pumping VERI but I am a token holder and I want to see it do well. Just because it does not represent equity doesn't mean it can't or won't go up in value as use of the token increases and we see the benefits of the network effect. Competition is not a big factor, at least for the foreseeable future. An just like both Coke and Pepsi both do well, there are room for multiple players. I am not confused about the difference in the company vs the token. The same can be said about the vast majority of coins & tokens. What is your point? Name a crypto-project that you like that this doesn't apply to. Veritaseum's marketing is about taking away the middleman so that P2P transaction is possible, yet if I have VeGold, I cannot redeem it for physical gold from anywhere else except at Veritaseum, and if I have to submit KYC I cannot do it at anywhere else except at Veritaseum. This is private business selling private products and services using public infrastructure built by others.
Partially true. There is no reason why another private individual couldn't choose to redeem your VeGold token and I suspect we might see third parties start to adopt these practices. They've only been out a few months, give the ecosystem some time to develop. And yes, as you point out, Veritaseum does have to comply with the laws of the country they operate in, so KYC is necessary. Do you suggest they ignore the law? Again, most crypto projects are private companies using public blockchains. If you can come up with a way to do a truly decentralized redeemable physical gold token then you should do it and be the first. Personally, I don't see how it is possible to create a redeemable precious metals token without some central company or authority backing, but I am anxious to hear your ideas on how it can be done.
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Dorkie
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November 08, 2018, 06:00:31 PM |
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I believe the main question is why are you here pumping a hype.
I am not pumping anything unless you consider re-posting Reggies tweets to be pumping. Not all people follow twitter. Correcting your misinformation is also not pumping. Yes, VERI drives revenue for Veritaseum. And VERI is not an investment.
Correct. By saying cash flow can be tokenized, you are revealing yourself to be ignorant of finance and economics. If you tokenize the cash flow but NOT the underlying asset, then what makes you think you are entitled to the cash flow generated by the underlying asset? Heck, you are not even an owner of the underlying asset. And if what you say is true, then your portion of the cash flow is subordinated to the owner's portion. Do you get what that means?
Do you understand how contracts work? Why can't someone with an income stream contractually obligate themselves to deliver all or a portion of that stream to someone else? This is a fairly common practice. Just because it isn't an investment class you're interested in doesn't mean it doesn't exist or that no one will buy it. Tokenizing actual assets such as property or artwork is possible but much more complicated due to having to set and pay a trustee and/or management structure to provide security, maintenance, etc. The main question is, unless you are a direct employee of Veritaseum under the company's payroll, why are you pumping VERI? Ignorance of the competition does not mean there is no competition. Veritaseum, not VERI, has so far built VeADIR for its business' own private exchange. The rest of all the infrastructures that you see in public are built by others, not Veritaseum. Veritaseum is just riding on the coat tail of such public infrastructure built by others. You persistently confusing yourself with VERI = Veritaseum. VERI is a prepaid fee utility token. Veritaseum is a company. There is no investment proposition in hodling VERI nor does it have any equity value in the company. I agree, Reggie is a very competent private businessman utilizing public blockchain tech for his private business.
If you ask Reggie about VERI being an investment, he will never stop telling you it is not. So stop confusing yourself that VERI is Veritaseum. Stop associating VERI as Veritaseum. VERI is a token. It is not an equity of the company.
I am not pumping VERI but I am a token holder and I want to see it do well. Just because it does not represent equity doesn't mean it can't or won't go up in value as use of the token increases and we see the benefits of the network effect. Competition is not a big factor, at least for the foreseeable future. An just like both Coke and Pepsi both do well, there are room for multiple players. I am not confused about the difference in the company vs the token. The same can be said about the vast majority of coins & tokens. What is your point? Name a crypto-project that you like that this doesn't apply to. Veritaseum's marketing is about taking away the middleman so that P2P transaction is possible, yet if I have VeGold, I cannot redeem it for physical gold from anywhere else except at Veritaseum, and if I have to submit KYC I cannot do it at anywhere else except at Veritaseum. This is private business selling private products and services using public infrastructure built by others.
Partially true. There is no reason why another private individual couldn't choose to redeem your VeGold token and I suspect we might see third parties start to adopt these practices. They've only been out a few months, give the ecosystem some time to develop. And yes, as you point out, Veritaseum does have to comply with the laws of the country they operate in, so KYC is necessary. Do you suggest they ignore the law? Again, most crypto projects are private companies using public blockchains. If you can come up with a way to do a truly decentralized redeemable physical gold token then you should do it and be the first. Personally, I don't see how it is possible to create a redeemable precious metals token without some central company or authority backing, but I am anxious to hear your ideas on how it can be done. Maybe I am not as smart as you are when it comes to contracts. You may teach me on how exactly a stream of cash flow can be tokenized without tokenizing the source of the cash flow itself. I am very open-minded and would like to see your explanation on this. In my understanding, asset tokenization is fractional ownership. So if there is absolutely no ownership whatsoever in the underlying asset as you imply, I am not really sure how distribution of cash flow can be legally assured to the token holders. Nevertheless, I think you are too immersed in Reggie and Veritaseum to the point of denying everything negative, to the point where you see this private business as something that is 100% perfect, to the point where you truly believe buying prepaid fee token is going to be a great investment. I bet there is no denying that you and I are both in all these crypto stuff purely for the money. And I honestly believe there are some other much greater investment potential that you truly are unaware of beyond VERI. "Just because it does not represent equity doesn't mean it can't or won't go up in value as use of the token increases and we see the benefits of the network effect." I bet this will remain your personal fallacy for a very long time to come.
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