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Author Topic: VERITASEUM DISCUSSION THREAD  (Read 228548 times)
CoinMLS
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November 09, 2018, 08:58:09 PM
 #3701

https://cryptocentral.io/looking-for-hidden-gems-in-the-cryptospace-veritaseum-veadir/

LOOKING FOR HIDDEN GEMS IN THE CRYPTOSPACE – VERITASEUM (VEADIR)
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Dorkie
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November 13, 2018, 04:50:25 AM
 #3702

On one hand, Reggie refrains from hyping VERI as an investment to escape regulation, yet at the same time he retweets 3rd-party tweets that do so. I just want to say this is unprofessional. Veritaseum just retweeted a 3rd-party tweet that goes "Will $veri  become a top 5 #crypto in 2019 on @CoinMarketCap ?@ReggieMiddleton is the man to make it happen imo. Wait until the banks discover and understand the @Veritaseuminc platform", indirectly giving the impression that VERI has investment potential. By right, he should refrain from associating himself and company with all conducts, be it 1st-party or 3rd-party, that give impression of VERI having an investment proposition. Of course someone here may find some excuse why that is perfectly okay, but that's not what many others, especially the regulator, will see from a professional standpoint.
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November 13, 2018, 05:00:20 AM
 #3703

On one hand, Reggie refrains from hyping VERI as an investment to escape regulation, yet at the same time he retweets 3rd-party tweets that do so. I just want to say this is unprofessional. Veritaseum just retweeted a 3rd-party tweet that goes "Will $veri  become a top 5 #crypto in 2019 on @CoinMarketCap ?@ReggieMiddleton is the man to make it happen imo. Wait until the banks discover and understand the @Veritaseuminc platform", indirectly giving the impression that VERI has investment potential. By right, he should refrain from associating himself and company with all conducts, be it 1st-party or 3rd-party, that give impression of VERI having an investment proposition. Of course someone here may find some excuse why that is perfectly okay, but that's not what many others, especially the regulator, will see from a professional standpoint.
Many people would say ETH is not an investment either, but those same people recognize the likelihood of the price of ETH to increase due to what's called the "network effect." VERI is no different.
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November 13, 2018, 05:07:02 AM
 #3704

Many people would say ETH is not an investment either, but those same people recognize the likelihood of the price of ETH to increase due to what's called the "network effect." VERI is no different.

The Ethereum Foundation very clearly from the very start expressed ETH marketing as a crypto fuel, like a commodity, thus even though it is not a security it nevertheless has investment value and to be regulated under the CFTC, as far as I know. What about VERI that Reggie incessantly marketed as a prepaid fee utility token? What asset class is VERI? And which regulator will be responsible in regulating VERI?
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November 13, 2018, 05:14:53 AM
 #3705

Many people would say ETH is not an investment either, but those same people recognize the likelihood of the price of ETH to increase due to what's called the "network effect." VERI is no different.

The Ethereum Foundation very clearly from the very start expressed ETH marketing as a crypto fuel, like a commodity, thus even though it is not a security it nevertheless has investment value and to be regulated under the CFTC, as far as I know. What about VERI that Reggie incessantly marketed as a prepaid fee utility token? What asset class is VERI? And which regulator will be responsible in regulating VERI?
Prepaid fees would be like gift cards. Gift cards do not need regulation. Nonetheless, we need not fear as Reggie has been working with regulators to attempt to get them to issue a statement or policy that says as much.
Dorkie
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November 13, 2018, 05:19:03 AM
 #3706

Prepaid fees would be like gift cards.

Exactly.
It is very interesting to see gift cards having very significant "investment proposition" and yet not regulated, assuming it is legit to start with. If you have lots of such gift cards, I should wish you good luck.
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November 13, 2018, 05:50:04 AM
 #3707

Prepaid fees would be like gift cards.

Exactly.
It is very interesting to see gift cards having very significant "investment proposition" and yet not regulated, assuming it is legit to start with. If you have lots of such gift cards, I should wish you good luck.
I have a pile of free burrito cards for Chipotle that never expire. As Chipotle raises prices, I make more profit.
My hoard of Forever stamps also keep increasing in value.
What you buy on Kickstarter is often the right to one of the first products produced, typically at a discount.

There are lots of examples of unregulated offerings that have a strong chance of increasing in value.
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November 13, 2018, 06:09:06 AM
 #3708

I have a pile of free burrito cards for Chipotle that never expire. As Chipotle raises prices, I make more profit.
My hoard of Forever stamps also keep increasing in value.
What you buy on Kickstarter is often the right to one of the first products produced, typically at a discount.

There are lots of examples of unregulated offerings that have a strong chance of increasing in value.

Sure, only if you have continuously good supply of people that have demand for your free burrito cards and Forever stamps that you can sell to.
And I am sure even then the potential of price increase of your cards and stamps has a limit, otherwise the demand will shift to alternative cards and stamps for the same utility use (i.e. email).
And make sure your cards and stamps have yearly ROI above inflation to have real investment value.
For investment purposes, I wouldn't subscribe to hype, speculation, and false hope.
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