Topic: VERITASEUM DISCUSSION THREAD - page 114. (Read 251011 times)

Paul...2 questions sir..

1.  Can you currently rent out the VERI tokens now?  If so, where can I go to do this? If not, when will this be available?
2.  So the VERI tokens are only to access the machines for information...what if I don't want to access the machines?  Can I just hold and sell them and become a millionaire one day when they are valued at a very high price?

OTC purchases are bought at a premium, currently 10% not a discount.

Ok. Comical interlude over.

I apologise for winding you up @paulmaritz. I should not have done that as it isn't my intention to use these posts to make people feel uncomfortable.

But lets take stock as to who is the real troll here.

I have been contributing considered opinion, often accompanied by some reasonable argument and the odd bit of anecdotal illustration and calculation. I've done so in good faith because having traded these markets for 4 years you observe certain things that are blatantly obvious market movers. I've also been careful not to use the "s" word, nor have I dismissed this token's fundamentals, which I believe to be sound, and nor have I "ad hominem'd" anybody as far as I'm aware.

What have you contributed of illuminating value ? You posted that coinmarketcom quote which was useful - I hadn't seen that. Apart form that, a large amount of handwaving and pictures of trolls.

So maybe a truce would be fruitful plus a more constructive appraisal of the matter at hand.

The issue as I see it is that when you have a single holder with a large amount of asset to sell in an illiquid market you need some kind of market leader to act as a price discovery mechanism so you can go and negotiate with 'large buyers' and make so called 'institutional sales'. (Which are not actually institutional at all since there are no institutions regulating them, they're just sales).

That was the role of the ICO and subsequent market rise on tiny volume.

What will happen now is that OTC (over the counter) sales will be made at significantly discounted token-to-coin exchange rates and large volumes which come from outside the published coin supply but which effectively qualify as 'circulating supply' since the tokens have now been distributed. This is great for large investors but for small investors there is considerably more risk from 2 sources:

1. a step change in published supply invoking a large and abrupt correction to the downside in token exchange rate to compensate for marketcap growth

2. an arbitrage driven correction between OTC and Exchange markets

I'm not necessarily saying that this will happen, I'm just pointing out that this risk is carried disproportionally by the small investor because:

 • they do not gain from the liquidity increase (as the ICO issuer does)
 • they do not gain from the OTC discount (as the 'institutional buyer' does)

Sure, it may all work out and as has been pointed out, some other assets do this to a limited extent. But the ratio of published to unpublished supply in this case is absolutely monumental (which is why I suggested the policy of marketcap reporting is being 'gamed') and its something that no investor has control over. Their interests do depend on things staying that way as far as I can see.


Because Litecoin is a mined coin. The 84,000,000 don't currently exist whereas the 100,000,000 VERI do, are currently in a wallet and ready to be sold at the holder's whim. There's no "2 Million liquid supply" and "98 million illiquid supply". There's just a 100 Million token wallet with a single holder.

ngin-x is a retard.
Despite pointing out that market cap formulation is valid, not just for coinmarketcap but also for stock exchanges, he remain slanderous.

Hey guys, how about we just ignore ngin & toknormal? No need to get fired up - ngin & toknormal are clearly just bitter because they've missed out on a phenomenal opportunity that you happened to identify at the right time. They're trying to drive the price down to get a price discount - its so easy to see. They get off on getting under your skin so don't let that happen.

Let's let Reggie's actions speak for us. He's driving the bus & he's very capable as proven by his last 15+yrs of prescient calls. There's no-one better to run a project like this. We're in extremely good hands. Trust the process & let's let him do his job.

The trolls die off when you cease giving them attention. How about we bring some positivity back to the thread & focus on what we've got going for us? Like 96x ROI... kinda easy to let the small stuff float by you when you're hauling in quid like that, no? My sense is it's only going to get better... and better... and better. Buckle up & enjoy the ride

Ha ha you keep thinking everyone is interested in your little scam coin and spreading FUD just to get cheap coins. How can you be so delusional? If I was doing this just to get cheap coins, why would I hurt my chances of future growth like this?

I have said this before and I will say it again. I wouldn't touch this coin with a 10 foot pole. I don't want to end up as one of the bagholders. People who are buying these coins now will get burned severely unless they get out now. I know this is what you want but some of us have the responsibility of warning others as to what is going to happen.

Ha ha you keep thinking everyone is interested in your little scam coin and spreading FUD just to get cheap coins. How can you be so delusional? If I was doing this just to get cheap coins, why would I hurt my chances of future growth like this?

I have said this before and I will say it again. I wouldn't touch this coin with a 10 foot pole. I don't want to end up as one of the bagholders. People who are buying these coins now will get burned severely unless they get out now. I know this is what you want but some of us have the responsibility of warning others as to what is going to happen.

Wow now you magically show up.. LOL I think Paul called it!  It's pretty obvious what your adgenda is.. Trying to steal VERI from weak hands. What a sad life you live karma is real and will take what ever you get eventually by ill-gotten means.

Not really a great effort at trolling there amigo ... you gotta have something more original than the same question answered (even by Reggie himself) a dozen times

I'll give you an E for Effort though. Now ... to the "Ignore" feature for you (on the far left under his/her name)

 

Veritaseum is now listed on Mercatox...

What will happen now is that OTC (over the counter) sales will be made at significantly discounted token-to-coin exchange rates and large volumes which come from outside the published coin supply but which effectively qualify as 'circulating supply' since the tokens have now been distributed. This is great for large investors but for small investors there is considerably more risk from 2 sources:

1. a step change in published supply invoking a large and abrupt correction to the downside in token exchange rate to compensate for marketcap growth

2. an arbitrage driven correction between OTC and Exchange markets

Ok. Comical interlude over.

I apologise for winding you up @paulmaritz. I should not have done that as it isn't my intention to use these posts to make people feel uncomfortable.

But lets take stock as to who is the real troll here.

I have been contributing considered opinion, often accompanied by some reasonable argument and the odd bit of anecdotal illustration and calculation. I've done so in good faith because having traded these markets for 4 years you observe certain things that are blatantly obvious market movers. I've also been careful not to use the "s" word, nor have I dismissed this token's fundamentals, which I believe to be sound, and nor have I "ad hominem'd" anybody as far as I'm aware.

What have you contributed of illuminating value ? You posted that coinmarketcom quote which was useful - I hadn't seen that. Apart form that, a large amount of handwaving and pictures of trolls.

So maybe a truce would be fruitful plus a more constructive appraisal of the matter at hand.

The issue as I see it is that when you have a single holder with a large amount of asset to sell in an illiquid market you need some kind of market leader to act as a price discovery mechanism so you can go and negotiate with 'large buyers' and make so called 'institutional sales'. (Which are not actually institutional at all since there are no institutions regulating them, they're just sales).

That was the role of the ICO and subsequent market rise on tiny volume.

What will happen now is that OTC (over the counter) sales will be made at significantly discounted token-to-coin exchange rates and large volumes which come from outside the published coin supply but which effectively qualify as 'circulating supply' since the tokens have now been distributed. This is great for large investors but for small investors there is considerably more risk from 2 sources:

1. a step change in published supply invoking a large and abrupt correction to the downside in token exchange rate to compensate for marketcap growth

2. an arbitrage driven correction between OTC and Exchange markets

I'm not necessarily saying that this will happen, I'm just pointing out that this risk is carried disproportionally by the small investor because:

 • they do not gain from the liquidity increase (as the ICO issuer does)
 • they do not gain from the OTC discount (as the 'institutional buyer' does)

Sure, it may all work out and as has been pointed out, other assets do this. But the ratio of published to unpublished supply is fairly monumental and its something that no investor has control over. Their interests do depend on things staying that way as far as I can see.


Because Litecoin is a mined coin. The 84,000,000 don't currently exist whereas the 100,000,000 VERI do, are currently in a wallet and ready to be sold at the holder's whim.