Topic: VERITASEUM DISCUSSION THREAD - page 103. (Read 251011 times)

I know what it is but I won't release my video about it until I get paid about $30,000. - SilverTheRemedy  /s   

Nice, looking forward to the 24th to see what it will be!

Not to drop names or compare ...BUT the company Bitconnect has an AWESOME program that pays interest DAILY and let's you keep the principal coin as that value goes up.

Here is my direct link to learn more. I have been in since May 2017. VERY pleased with this program. https://bitconnect.co/?ref=mwall90278

I hope Reggie Middleton is thinking about something similar but BETTER.

https://twitter.com/clif_high/status/887305980387573760

And what did you want with such capitolization! ;-)
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Can anyone here tell me at a top level how renting a token like VERI would work? How would a coinlord retain control/ownership, and how can a lessee use the VERI and still be able to return it once they are done with it?

If this is all about blockchain tokens after all, then why do you bring up accounting and accounting-related terms into the topic?

Man, you are totally self-contradicting.


Edit:
And from that past explanation of yours, you were referring to "classic" blockchain, as if that's permanently set in stone forever unchanging.
The fact is, if the "classic" blockchain started off differently, you would argue in favor of that too.
And the point is really not because you know what you are talking about, rather you just talk about what has already taken place and outdated.

If those developers were to have your kind of mindset, I bet they wouldn't be working on PoS and scaling right now. Instead, they will permanently remain with PoW and non-scaling whatsoever. Luckily they don't share your mindset.

Veritaseum is a building a platform, that consumes VERI.
This is the services exchanged for tokens. This platform will grow and scale as a factor of interconnected users and consumers of those services.
Autonomy is also a component here, and there is a Harvard Business School write up on Microsoft which I think is informative of how Platforms thrive:

The second theme that emerges from our work is the importance of architecture. This theme emerges at multiple levels—in the design of Microsoft's products, its platforms, and its intellectual property. At the product and platform level, the key idea is that in today's networked economy, no firm can remain an island. Technological innovations are increasingly brought to the market by networks of firms, each focused on only specific pieces of the overall puzzle. Competition takes place both between competing platforms and between products that build on top of these platforms. Managers must therefore make explicit choices about the technology architectures they adopt, deciding what to "design/make" themselves, and what to rely upon others to provide. http://hbswk.hbs.edu/item/the-secret-of-how-microsoft-stays-on-top

You should buy VERI's to consume Veritaseum services. VERI's are divisible and being built on the Ethereum platform and can be bigger than the whole.
Reggie signed the deal with the Jamaican Stock Exchange; the international equities markets dwarfs even the riches of Vitalik Buterin!!!

If I could estimate I would say that good news is pending soon.

No I'm not. "Authorized Capital" and "Share Capital" relate to corporate equity, not a bunch of blockchain tokens. Please re-read my post on the distinction here:

https://bitcointalksearch.org/topic/m.20021640

Plus my reply to Reggie's lame rebuttal here:

https://bitcointalksearch.org/topic/m.20032859

I am glad that despite not seeing eye to eye on Veri market cap, we are still pretty compatible on PPT.

Why not check out Rialto.ai XRL too. You might find something worth salivating over.

Go check out authorized capital and paid-up capital in accounting.
You are simply making things up based on the incomplete things that you read.

Here's a new word for you you may not have heard of:



What that means is if the currency is fungible then a token with a given valuation at one end of the blockchain is substitutable for a similar token at the other end.

I'm not aware of an accountant that would testify to the Veritaseum blockchain being any less fungible than any other, but if you are then be my guest and post their views here

In the meantime, if you need a real world example of how misrepresented marketcap grossly distorts token-to-coin exchange rates then here's a convenient one that appears topical given the last few posts on this thread:

For 1 Bitcoin, you can currently pick up a mere 9 VERI tokens, despite there being no real world use cases other than a lot of "it's coming' handwaving and mumbo jumbo about decentralised security trading which is a contradiction in terms since all traded equity securities are subject to regulation anyway right now.

Meanwhile over on the PPT market, you have a token with half the supply of Veritasium, a crystal clear use-case that's a far larger commercial market than Veritasium's, software about to roll out in alpha and a well defined & quantified revenue stream for token holders.

Despite having only half VERI's supply, you can still pick up 922 PPT for 1 Bitcoin.

Go figure.

You are not even an accountant, so whatever your opinion about circulating supply is mere personal opinion and has zero credibility.
I never read anywhere here that says you are not an accountant, but being someone with finance/investment background with sufficient knowledge in accountancy, I understand very well that an accountant would not make the kind of stupid remark you keep making.

Edit:
Nevertheless, forgive me for being rude.
I just believe you are doing a disservice to people by keep implying Veri is expensive based on its total supply.
Because if you are wrong in this, you may cause a lot of people to lose out a lot of opportunity.
At EtherDelta there is a troll by the name MJ Dillon (or DJ Millon, I can't remember) that kept calling Veri a scam when it was just around $30.
Those listened to him definitely screw up big time.
Unless you are competent in what you say, you should not give personal opinion that is wrong.

Reached the top of the scamcoin list also:

https://coinmarketcap.com/assets/views/market-cap-by-total-supply/

The utility of the token is that you can trade it for services from Veritaseum. Reggie has already shown that he will price those services at the market rate for Veri to Ether.
We have extra decimals places for a reason! I think now is the time to dicuss naming the fractional units.

In ether these are specified:

If ether is $100 and 1 ether buys you a tenth of a Veri than Veri = $1000; So then 1 millveri would be equal to one hundredth of an ether (or one buck:$1) and a microveri would be one thousandth of a cent... (or 0.00001 ether).

You can have fraction of my Veri for some of your ethers...

A much needed correction, pun intended.

If Clif High is right about Populous, to those who totally missed the Veri's luxury yacht, your only salvation now is Populous (while it's still cheapass).  

FTFY

Tok kok.
The circulating supply isn't real.
You mentioned accounting as if that's your competency, but you are NOT even an accountant.

Past ETH on marketcap.

Closing in on Bitcoin.