Veritaseum and Populous – Disintermediated Capital Markets – VERI Big Things Are Coming.
3 July 2018 - Crypto Corner
http://lode.live/veritaseum-and-populous-disintermediated-capital-markets-veri-big-things-are-coming/
Topic: VERITASEUM DISCUSSION THREAD - page 12. (Read 251052 times)
Anyone who wants to discuss the VeGLD redemption process with this VERI user who redeemed his tokens for it can find him and the discussion in Telegram here Invitelink:
http://bit.ly/veritaseum
https://t.me/joinchat/G_22OhA7UgN6b-7hTSFSTA …
http://bit.ly/veritaseum
https://t.me/joinchat/G_22OhA7UgN6b-7hTSFSTA …
From Harm Westland today.
Thank you for the fast delivery after my VeGLD redemption. Just thinking now about the possibilities of using VeGLD as a currency and a true store of value at the same time.
Thank you for the fast delivery after my VeGLD redemption. Just thinking now about the possibilities of using VeGLD as a currency and a true store of value at the same time.
From Reggie Middleton today.
The first redemption of a VeGLD token. The redemption was paid for fully through the user's redemption of his $VERI tokens. Additional proof of the prepaid fee model of VERI in the actual purchases of physical gold, #VeADIR access & forensic research.
The first redemption of a VeGLD token. The redemption was paid for fully through the user's redemption of his $VERI tokens. Additional proof of the prepaid fee model of VERI in the actual purchases of physical gold, #VeADIR access & forensic research.
From Reggie Middleton today.
In office at 6am, seeing a gleaming example of ICO execution. In 13 months we've created an entire suite of products ready for sale, each one as best of breed in the industry: Research, Investment software, Asset tokens. Biz plan executed near perfection https://veritas.veritaseum.com
In office at 6am, seeing a gleaming example of ICO execution. In 13 months we've created an entire suite of products ready for sale, each one as best of breed in the industry: Research, Investment software, Asset tokens. Biz plan executed near perfection https://veritas.veritaseum.com
DISCONNECTME,
If you do not understand Veritaseum perhaps you should move on to something else as it is likely not a token for you.
If you believe that most tokens have no "real utility functions" have you posted your same message to the channels for all of the companies that fall under this category in your opinion?
Thanks for your comments but I will continue to hold my Veritaseum tokens.
If you do not understand Veritaseum perhaps you should move on to something else as it is likely not a token for you.
If you believe that most tokens have no "real utility functions" have you posted your same message to the channels for all of the companies that fall under this category in your opinion?
Thanks for your comments but I will continue to hold my Veritaseum tokens.
Please can anyone tell me, what function Veritaseum token is for, I have tried to look into the project for a long but just don't understand it. The issue now is that we have most of these tokens having no real utility functions which is something investors need to beware of
Good day!
I've been keeping an eye on this project for a long time. Love all the roadshow updates and stuff. It's not often that you see a team that actually cares about the community, goes out of its way to keep us posted and stuff.
I've been keeping an eye on this project for a long time. Love all the roadshow updates and stuff. It's not often that you see a team that actually cares about the community, goes out of its way to keep us posted and stuff.
In my Dorky opinion...
In term of asset tokenization, the blockchain token structure below is most ideal:
Ethereum blockchain >> Ether (ETH) >> ERC20 token (or ETH.token, simply said)
Instead, from most ICOs out there, including Veritaseum, the token structure is actually like below:
Ethereum blockchain >> Ether (ETH) >> VERI (ERC20 token) >> Ve.Gold/Ve.Stable (ERC20 token)
... in which anyone with better competency can frontrun the competition by developing a general dapp (not private dapp) whereby the first structure is used instead, i.e. Ethereum blockchain >> ETH >> ETH.token (example) for asset tokenization.
By right, the most ideal structure for VERI should be to develop its platform to receive ETH as fee and to use the VERI token as profit-sharing token.
But because Reggie initially tried very hard to escape the regulation, thus he structure the VERI token to be utility token instead, without the profit-sharing benefit and thus avoid the risk of being classified as security token.
Now he is talking about security token as the next big thing.
True, I totally agree that security token will be the next big thing to the advent of asset tokenization of all asset classes.
But there is a possibility that such security token will not be made available to the general crypto owners. Instead, it may very likely be limited only to accredited investors in which anyone that wants to participate will have to submit to KYC protocol and declare his net worth to prove that he is accredited.
So it may be somewhat useless for Reggie to hype about security token to the general public / average Joe. But he is doing the hyping now in order to give more exposure to Veritaseum and to his VERI token, which is just utility token and has no profit-sharing feature.
If VERI is restructured to be security token instead, then the token may very well exceed the price of ETH, just as Clif High forecasted. But because VERI will remain utility token, thus VERI is more or less screwed as an investment. Looking back in retrospect, it could be possible that Clif High's forecast refers to Veritaseum as a company, not as a token, which in this case, his forecast about Veritaseum (as a company) would be true.
Reggie the stupid + greedy replied to my comment last time that I didn't know the consequence of burning VERI to the business model. Well, if the VeADIR platform is structured to accept ETH for fee and VERI as profit-sharing token, there would be zero consequence to the business model. Introducing VERI token into the picture is totally unnecessary. The same can be said of every other ICOs. But the only reason why VERI token is introduced is to shift the economic significance of using the VeADIR platform from ETH to VERI, as the higher the price of VERI the higher the net wealth of Reggie and Veritaseum as a company, thus the greed. But VERI being a private token issue, will never be recognized by others no matter the hype.
Even holding the token for utility use is a financial impairment due to the volatility. Despite the fact that it can be used to buy Ve.Gold does not change the fact that it will continue to underperform. Gold is highly manipulated. Stable coin is no different from fiat. Any ICO project that accepts any one of these over ETH will look foolish over the longer term.
If there is any chance of VERI the token to be sustainable, it needs to be restructured to be a security token itself. Otherwise, VERI will not be sustainable into the future. It will not be sustainable because 1) it is unnecessary regardless of Ve.Gold or Ve.Silver or Ve.Stable, and 2) anyone with expertise can frontrun the competition by developing a more public dapp that does the same function as VeADIR in asset tokenization.
I am not here to do consultation. I am here only to give my opinion. Reggie does not need my consultation. Even if he does, I do not wish to work with a stubborn person that is a victim of past success.
In term of asset tokenization, the blockchain token structure below is most ideal:
Ethereum blockchain >> Ether (ETH) >> ERC20 token (or ETH.token, simply said)
Instead, from most ICOs out there, including Veritaseum, the token structure is actually like below:
Ethereum blockchain >> Ether (ETH) >> VERI (ERC20 token) >> Ve.Gold/Ve.Stable (ERC20 token)
... in which anyone with better competency can frontrun the competition by developing a general dapp (not private dapp) whereby the first structure is used instead, i.e. Ethereum blockchain >> ETH >> ETH.token (example) for asset tokenization.
By right, the most ideal structure for VERI should be to develop its platform to receive ETH as fee and to use the VERI token as profit-sharing token.
But because Reggie initially tried very hard to escape the regulation, thus he structure the VERI token to be utility token instead, without the profit-sharing benefit and thus avoid the risk of being classified as security token.
Now he is talking about security token as the next big thing.
True, I totally agree that security token will be the next big thing to the advent of asset tokenization of all asset classes.
But there is a possibility that such security token will not be made available to the general crypto owners. Instead, it may very likely be limited only to accredited investors in which anyone that wants to participate will have to submit to KYC protocol and declare his net worth to prove that he is accredited.
So it may be somewhat useless for Reggie to hype about security token to the general public / average Joe. But he is doing the hyping now in order to give more exposure to Veritaseum and to his VERI token, which is just utility token and has no profit-sharing feature.
If VERI is restructured to be security token instead, then the token may very well exceed the price of ETH, just as Clif High forecasted. But because VERI will remain utility token, thus VERI is more or less screwed as an investment. Looking back in retrospect, it could be possible that Clif High's forecast refers to Veritaseum as a company, not as a token, which in this case, his forecast about Veritaseum (as a company) would be true.
Reggie the stupid + greedy replied to my comment last time that I didn't know the consequence of burning VERI to the business model. Well, if the VeADIR platform is structured to accept ETH for fee and VERI as profit-sharing token, there would be zero consequence to the business model. Introducing VERI token into the picture is totally unnecessary. The same can be said of every other ICOs. But the only reason why VERI token is introduced is to shift the economic significance of using the VeADIR platform from ETH to VERI, as the higher the price of VERI the higher the net wealth of Reggie and Veritaseum as a company, thus the greed. But VERI being a private token issue, will never be recognized by others no matter the hype.
Even holding the token for utility use is a financial impairment due to the volatility. Despite the fact that it can be used to buy Ve.Gold does not change the fact that it will continue to underperform. Gold is highly manipulated. Stable coin is no different from fiat. Any ICO project that accepts any one of these over ETH will look foolish over the longer term.
If there is any chance of VERI the token to be sustainable, it needs to be restructured to be a security token itself. Otherwise, VERI will not be sustainable into the future. It will not be sustainable because 1) it is unnecessary regardless of Ve.Gold or Ve.Silver or Ve.Stable, and 2) anyone with expertise can frontrun the competition by developing a more public dapp that does the same function as VeADIR in asset tokenization.
I am not here to do consultation. I am here only to give my opinion. Reggie does not need my consultation. Even if he does, I do not wish to work with a stubborn person that is a victim of past success.
Reggie Middleton in Seoul, Korea: Capital Formation in the Age of Smart Contracts.
https://www.youtube.com/watch?v=TZkvHNIixCY&t=337s
https://www.youtube.com/watch?v=TZkvHNIixCY&t=337s
It seems that a lot of people want to see the VERITASEUM through social networks.Maybe I should know first.Waiting for the right time.
From Reggie Middleton today.
Veritaseum is a blockchain-based FinTech software development company that is opening the door for peer-to-peer capital markets through its digital asset research and technology platform. Of particular note, is our ability to create custom tokens that represent a proportionate share of value in hard assets that can be exchanged Peer-to-Peer in bearer form, efficiently and seamlessly. The Tokens represent title to ownership in the assets.
To exemplify this, Veritaseum has created precious metal tokens: VeGLD (Gold Token), VeSLV (Silver Token) and VeSTB (Composite Stable Token) that can be widely and negotiably exchanged, and fully redeemed to the bearer. These tokens are backed, 100+%, by their assets.
To be continued at the below web-link:
https://veritas.veritaseum.com/index.php/vegld-asset-backed-tokens
Veritaseum is a blockchain-based FinTech software development company that is opening the door for peer-to-peer capital markets through its digital asset research and technology platform. Of particular note, is our ability to create custom tokens that represent a proportionate share of value in hard assets that can be exchanged Peer-to-Peer in bearer form, efficiently and seamlessly. The Tokens represent title to ownership in the assets.
To exemplify this, Veritaseum has created precious metal tokens: VeGLD (Gold Token), VeSLV (Silver Token) and VeSTB (Composite Stable Token) that can be widely and negotiably exchanged, and fully redeemed to the bearer. These tokens are backed, 100+%, by their assets.
To be continued at the below web-link:
https://veritas.veritaseum.com/index.php/vegld-asset-backed-tokens
From Reggie Middleton today.
In Seoul now, to speak on panel about security tokens at 2 pm, delivering the keynote 1pm tomorrow on Blockchain 3.0. Anyone near Seoul is invited to come and join me for a meet and greet. I have a suite that can hold up to 30 people. Lets chat about our new initiative, VeGLD
In Seoul now, to speak on panel about security tokens at 2 pm, delivering the keynote 1pm tomorrow on Blockchain 3.0. Anyone near Seoul is invited to come and join me for a meet and greet. I have a suite that can hold up to 30 people. Lets chat about our new initiative, VeGLD
Reggie Middleton is live now.
AMA In Seoul Korea, Keynote Speech, VeGLD Public Availabilty
https://www.youtube.com/watch?v=cMIEFGGARNQ
AMA In Seoul Korea, Keynote Speech, VeGLD Public Availabilty
https://www.youtube.com/watch?v=cMIEFGGARNQ
Many people in crypto land are clueless about the VERI business model. It is a radical departure from the “norm” because of its retail component amongst other things but it is ingenious!
From Reggie Middleton today.
We'd happily debate @bis_org & naysayers via Twitter public forum re: cryptocurrency vs centrally planned fiat currencies with high failure rates. Thier store of value argument is specious since reserve currency is horrible store of value.
See our rebuttal https://veritas.veritaseum.com/index.php/component/edocman/cryptocurrencies-vs-central-banks-an-objective-comparison/viewdocument?Itemid= …
We'd happily debate @bis_org & naysayers via Twitter public forum re: cryptocurrency vs centrally planned fiat currencies with high failure rates. Thier store of value argument is specious since reserve currency is horrible store of value.
See our rebuttal https://veritas.veritaseum.com/index.php/component/edocman/cryptocurrencies-vs-central-banks-an-objective-comparison/viewdocument?Itemid= …
From Reggie Middleton today.
Security/forking cited as downside of cryptos by BIS. Bitcoin blockchain hacked for 4 cents before being forked in 5 hrs. Central bank governed institutions hacked dozens of times 4 $billions. Recasting report in objective light makes a very different read https://veritas.veritaseum.com/index.php/component/edocman/cryptocurrencies-vs-central-banks-an-objective-comparison/viewdocument?Itemid= …
Security/forking cited as downside of cryptos by BIS. Bitcoin blockchain hacked for 4 cents before being forked in 5 hrs. Central bank governed institutions hacked dozens of times 4 $billions. Recasting report in objective light makes a very different read https://veritas.veritaseum.com/index.php/component/edocman/cryptocurrencies-vs-central-banks-an-objective-comparison/viewdocument?Itemid= …
From Reggie Middleton today.
The Bank of International Settlements issued a report, "Cryptocurremcies: Beyond the Hype". Unfortunately, while attempting to quell the crypto hype, they did so on a psuedo-factual basis. Recasting it in a more objective light reads very, very differently.
Click the below web-link for the response from the Veritaseum team.
https://veritas.veritaseum.com/index.php/component/edocman/cryptocurrencies-vs-central-banks-an-objective-comparison/viewdocument?Itemid=
The Bank of International Settlements issued a report, "Cryptocurremcies: Beyond the Hype". Unfortunately, while attempting to quell the crypto hype, they did so on a psuedo-factual basis. Recasting it in a more objective light reads very, very differently.
Click the below web-link for the response from the Veritaseum team.
https://veritas.veritaseum.com/index.php/component/edocman/cryptocurrencies-vs-central-banks-an-objective-comparison/viewdocument?Itemid=
I sell some VERI for a good rate on https://verishift.com/?partner=2332918
I recomend you go fast them have a good promo on their post here. Search for them. But please use my link.
I recomend you go fast them have a good promo on their post here. Search for them. But please use my link.
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