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Author Topic: VERITASEUM DISCUSSION THREAD  (Read 250034 times)
CoinMLS
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January 03, 2020, 06:14:34 PM
 #3801

Reggie Middleton, [31.12.19 05:50]
[In reply to Cryptrepreneur]
IF you find you have not had a timely >36 hours response to your support ticket, you can email me directly. Telegram is not a place to get support from the company. You can use it to get support from the community.
The ETH limited for selling VeAssets back to Veritaseum is low because our ETH reserve was taken as a result of our recent litigation. We "optionally" bought back VeAssets, but are not in a position to do so now because of the the immense capital drain that we have just experienced. You can redeem you metals (always) for physical delivery, or you can transfer them and/or sell the to someone else. It will take time for us to build up the capital reserve to purchase assets, though - and it (as in with all startups) will be a risky endeavor.

Reggie Middleton, [31.12.19 06:10]
September code updates
- Added transfer details view
- Show information about sale/purchase suspension
- Display overlay while user is signing message
- Optimized metamask installation process, so that user does not have to click activate twice
- When user browser has build in wallet promote installed wallet option and hide other
- Added validation for aggregated spending amount during redemption process (For example when redeeming VGLG1 and paying delivery fees with VGLG1)
- Fixed verification applications sorting
- Added deposit guides next to insufficient balance errors
- Added quick actions to wallet
- Added links to orders views from wallet and header user icon
- Added fund overview view
- Added private asset tokenization

Published new version to production, overall it contains a lot of internal changes and updates management of the assets
- Updated VeAssets view, it should reveal much more information on mobile device
- Veritaseum offer asset configuration (sale purchase premium discount) is available through UI
- Header now contains aggregated user balance (updated to show USD
- My Orders / All orders for admin are accessible via wallet or user icon on the top instead of general VeAssets page
- Sale reserve settings are available from Sales page
We also stablized the staging env

October and November
- Add redemption of tax credits (Atm based on CA movie TC)
- Add redemption filter to show "all" "requested by me" "supplied by me" for tax credit sellers
- Add seller ethereum address to Tax Credit deals
- Fix app crash when gas price oracle returns invalid data
- fix setting price before finalization
- Long text input in tokenization should autosize
- Preset high gas price for tokenization to compensate slower deployment mining time
- Hide some metrics in tax credit display
- Create asset admin details view, add option to copy redemption schema
- Customer asset view includes more details
- Manage assets visibility - some assets can be hidden from customer facing assets lists and wallet
- New filters on purchase list, ability to filter orders that I supplied or requested
- Limit min amount of tokens available in sale from asset configuration. Allows us to implement some tax credits restrictions.
- Onchain VeUSD purchases settlement with tax credit supplier.
-Add notification for tax credit seller upon purchase settlement
Updated list view for tax credits
Assets management filters
Support for more complex buyer data sections (groups with the title, description)
Format button on JSON schema editor
Added availability to tax credits
Terms and conditions placeholders that can be easily updated once provided
Many bugfixes which should make tax credits functionality much more stable

November and December, upgrades for Eth Forks and stability testing

These are just code and engineering updates. What is not included here are financial analysis and legal updates. Unfortunately, the legal stuff is confidential, and the financial stuff will be release sometime after the first. The new products are not released yet, for they are still undergoing extensive legal vetting and beta testing.
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Dorkie
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January 08, 2020, 05:49:54 AM
Last edit: January 08, 2020, 06:00:46 AM by Dorkie
 #3802

They clearly have a personal vendetta against him and aren't going to deal fairly or ethically with him.

Here is why you are such a big dickhead, and a big dumb ass yourself.

The SEC has no personal vendetta against anyone.
Do you know you are slandering the SEC?
Where is your proof?
On the other hand, it is clear you have personal vendetta against me.

Anyone intelligent enough to understand, understand the case was filed by an insider of the Veritaseum company.
Only a complete idiot like you don't get this.
An idiot like you have zero intelligence to question how and where the SEC got all the private details such as the private email message and the false claim of having affluent customer base.
The SEC alone does not have such private information except provided by an insider, probably eyeing for a whistleblower reward.

I understand it is impossible to reason with a dumb ass like you calling me a dumb ass, when in fact you are the dumb ass.
You are the one that know nothing.
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January 09, 2020, 01:52:27 PM
 #3803

I opened an account back around December 17 and did verification. Did a few trades. About 2 weeks ago I sent in some tokens did some trades and when tried to withdraw  Qryptos banned me.

No contact number I'm aware of and customer service does not respond.

To claim this is a regulated exchange is a joke. Stay far away. They are crooks.

Final got a response after more than a month. The English was barely intelligible.
They want me to send them ETH or won't unlock my account. No mention of if balances will still be there.
Huh?

The same dumb ass that called me a dumb ass, lost everything to a scam exchange.
Too dumb to check the red flags and end up falling for it.
And now coming over here to do name calling about what you personally think is dumb, wrong, and ass. Pathetic.
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January 17, 2020, 11:39:19 PM
 #3804

Veri dropping like a ROCK! 

Should we still strong-hands???

Govt now holds 98milion Veri.

Public fair fund set up to purchase your Veri...

Bix Wier goes further:
https://youtu.be/8nUpeKdNcy0
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January 18, 2020, 12:37:03 AM
 #3805

Reggie Middleton, [17.01.20 11:32]
A NOTE TO VERITASEUM STAKEHOLDERS

As you may already know, Veritaseum has been engaged in discussions with the Securities and Exchange Commission (“SEC”) regarding its business and operations since approximately August 2017, a time where there was scant to no guidance on the topic of tokenized digital assets.
In August of 2019, the SEC commenced active litigation against Veritaseum, alleging actions the company vehemently denied. Veritaseum, through its legal counsel, pushed back against the allegations but its resources as a startup were simply no match for those of the SEC. The company eventually settled without admitting or denying any of the SEC’s allegations. The settlement included a payment of approximately $9.5 million of assets from Veritaseum and its owners. In addition, the SEC took possession of approximately 98 million VERI tokens. The settlement obligations and associated litigation have drained the company’s capital and put it on the verge of insolvency.
Thanks to the indomitable spirit, drive, and good will of a group of employees and contractors who have been toiling for months without pay, the company is currently working on new products, unrelated to its previous products, which the company will soon roll out in beta. The company is taking the time and devoting sufficient resources to creating products which comply with U.S. legal and regulatory requirements. As Veritaseum develops these new products and services, it plans to move into new markets more amenable to the value it offers.
The company can no longer interact with VERI tokens and is undertaking to rebuild its reserves and launch new products consistent with legal and regulatory guidelines. We greatly appreciate the stakeholders who have loyally supported the company through its developmental phases and through this most recent ordeal. The company is exploring ways of including VERI holders who still wish to support Veritaseum in its future plans and are exploring ways to do so. Unfortunately, the success of any such efforts will require clear guidance from the SEC
To that end, the SEC has established a “Fair Fund”. The Fair Fund (according to the SEC settlement mandate) is a pool of capital representing amounts disgorged from Veritaseum to compensate those who purchased VERI tokens. The contact for the fund’s administrator is below. Please note that Veritaseum has absolutely no control over, nor any influence on, the Fair Fund, its operation or its contents. The publicly available “Fair Fund” information is provided below as a courtesy and Veritaseum cannot guarantee its accuracy.
 Samir Patel, Associate
Holland & Knight LLP
701 Brickell Avenue, Suite 3300 | Miami, Florida 33131
Phone 305.789.7629 | Fax 305.789.7799
samir.patel@hklaw.com | www.hklaw.com
 
Thank you for all of your support and patience as the company works through these challenging times on the way to what we hope is a monumental change in the way capital assets are moved, transferred and traded. Veritaseum looks forward to re-growing its capital assets in a way that is consistent with legal and regulatory requirements.
Cordially,
Veritaseum Management

An illustrative view of VeTax Credit Assets, for the purposes of discussion only. This is a product that is currently in development, is not publicly available as of yet and is in the beta stage of its software cycle.
There is no guarantee, warranty or assurance we will be able to launch this product, if it is launched it will be accepted by tis targeted market.
Let the discussions begin.
https://dapp.veritaseum.com/#/research

Reggie Middleton, [17.01.20 11:41]
I want to make it unequivocally clear that Veritaseum's intent is to work with VERI holders 100% - all the way. It is very, very difficult and dangerous to do in the US, in our opinion and from our experience. Regardless, with clear unequivocal guidance from the SEC we will definitely do whatever is feasible.
In addition, we are exploring other ways to interact with holders of VERI tokens that should not involve regulatory lines. That is what we are researching now.

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January 19, 2020, 09:30:34 PM
 #3806

Wow, just read the VeTax presentation and I'm impressed! 

Efficient allocation of tax credits while allowing companies to recognize almost full potential of tax credits.

The presentation told me that this isn't a new concept but Veritaseum streamlines the process and opens the scope of participants.

Bravo! 
https://dapp.veritaseum.com/#/research
CoinMLS
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January 20, 2020, 02:24:47 AM
 #3807

Wow, just read the VeTax presentation and I'm impressed! 

Efficient allocation of tax credits while allowing companies to recognize almost full potential of tax credits.

The presentation told me that this isn't a new concept but Veritaseum streamlines the process and opens the scope of participants.

Bravo! 
https://dapp.veritaseum.com/#/research

Yes, but it will not help the VERI token, as it can no longer be used. From the post above:
"The company can no longer interact with VERI tokens..."
davs
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January 30, 2020, 09:49:55 PM
 #3808

Can someone copy-paste the message here please?

https://twitter.com/Veritaseuminc/status/1220743333724803074
tmfp
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January 31, 2020, 12:52:50 AM
 #3809

Can someone copy-paste the message here please?

https://twitter.com/Veritaseuminc/status/1220743333724803074

It's the same as posted three posts up #3806.

Extraordinary Claims require Extraordinary Evidence
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January 31, 2020, 06:14:48 PM
 #3810

VERI just made a new low. no reason to buy this coin atm.
CoinMLS
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February 02, 2020, 01:48:49 AM
 #3811

Strong competition for VEassets. APMEX is apparently working with Onegold.

https://www.onegold.com/
naaktslak5
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February 16, 2020, 11:47:53 AM
 #3812

Strong competition for VEassets. APMEX is apparently working with Onegold.

https://www.onegold.com/

what about Synthetix?
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April 30, 2020, 07:58:41 AM
 #3813

Strong competition for VEassets. APMEX is apparently working with Onegold.

https://www.onegold.com/


do you recommand onegold.com ? where are they situated ?
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May 21, 2020, 02:18:53 PM
 #3814

Is VERI Telegram channel still alive. Any discussion at all going on there?
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May 21, 2020, 04:17:27 PM
Last edit: May 21, 2020, 04:27:31 PM by wavessurfing
 #3815

If you don't understand the business model, how can you explain how an action has no effect on the business model?
I'm not shooing away CB, Cliff, etc. because they aren't claiming to understand something that they don't, while calling me greedy. You think Kevin's proclamations are a direct competitor that may teach me a lesson if they somehow issue a partial tokenization and bring it to market before I do something similar. You don't get it, which is evidenced by your repeated calls for burning tokens.
That, in itself, is not such a bad thing. Everybody can't understand everything... But the ad hominem attacks on top of the ignorance... Calling me greedy.... Come on dude. Chill out!
Just like Kevin is not trying to tokenize the Ritz Carlton for you, we are not aiming our services at you, either. I think Kevin will follow your management consulting advices before we will, so I suggest you bring your ideas over to him. I wish you the best of luck, my friend.

this was the very last post of reggie middleton on this thread.
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