Topic: VERITASEUM DISCUSSION THREAD - page 126. (Read 251040 times)

If I educate at least one another then it was worth it.

LOL, you already spent more time responding than his post merits.

He he he he. Sorry couldn't help it. Lets disseminate this:

 1. Web site looks like a blog with ugly template

Some of us have sent this sentiment to Reggie directly. Although I couldn't care how the website looks like I agree with the sentiment that first impression counts. There was even one offer at Veri Slack from one user to do their web page for free. And Reggie asked back if he can code in Joomla as well. Do not know what happened though.

2. why it grows so much?

Unlike many other assets/coins VERI growth is mostly organic. This does not mean that there are not some speculations though. The latest growth was due to announcement from the 30th (https://twitter.com/ReggieMiddleton/status/880804430655782912) about using VERI at Jamaican Stock Exchange (JSE). Read more here http://www.cryptocoinupdates.com/update-from-reggie-middleton-veritaseum-is-taking-jamaica-to-the-next-level/
To summarise: Any digital assets on JSE will be traded using VERI as the underlining engine

3. Is this coin fundamentally strong and provide some useful service,

Veri is not a currency or classical token. What it gives you is a "gas" to use software services which Veritaseum is building and will be building in the future. Reggie (CEO of Veritaseum) is known as the man of integrity. He mentioned JSE trip sometime at the beginning of June. His result was published on his twitter and elsewhere in the form of signed contract with JSE. Couple of days ago he also mentioned, that he is making a deal with another top 10 stock exchange. Knowing his previous work it is almost guaranteed that he will strike another deal. Veri has some unique and novel features like renting their token to others to use Veri services (decentralised exchange, peer2peer exchanges, investing in other assets/digital currencies using advanced analytical analyses are just some examples that will be build or are already in alpha/beta stage). On the top of that they also have at least one (that I am aware of) patent which provide them some edge against the other tokens/digital currencies. One of the patents is listed here: https://patents.google.com/patent/WO2015171580A1/en?assignee=Veritaseum.

You have many more examples and explanations about what VERI exactly is here on this discussion thread (I know that it has almost 70 pages but it is worth reading), at Veritaseum "ugly" website, their white paper and many good youtube videos created by Reggie and others. This token is one of rare gems out there. Most of the tokens will be dead in couple of months or withing two years. What you need to realise is that Tokens = startup company. And how many of them succeed and survive? Good code means nothing if there is not good leadership knowing about internals of finances and being at home in financial world. Reggie's has good financial background and good character. On the top of that: He is the man of word. If he says something then he means it.

If anyone wants to add something please do so. Only educated holders are good for the community, VERI and Veritaseum.

Veritaseum
No Pearls before swine, you must have the awakening  for eyes to see and ears to hear. To those who don't know Veritas will be blind to her gifts. The wicked cannot see. You missed the ICO for a reason!

"I've started negotiations with one of the largest exchanges in the world (in the top ten, and very well respected) weeks ago and they are VERI interested. I present to the executive board (the guys tasked with saying yes) later this month.
There's also some killer products for the very big boys (minimum $2 million or so) in the works slated to launch in the very short term.
So, as you can see, we're working and although it would be good to have a crypto exchange list us, it's not mandatory. We've applied twice to every large exchange out there. They have until September, then we self list on our own exchange venture in Jamaica  which will be fully regulated and have the blessing of central bank and other regulators (fingers crossed). It will also be the best capitalized digital asset exchange in the world.
If negotiations go well, the second venture will launch which will put it listing in the top ten largest global exchanges in the world. Both will have a slew of innovative products immediately." Quote from Reggie Middleton.

https://youtu.be/0k13dgd44mw

Nice troll job. Bravo.

 

Yes your correct about what drives certain businesses. It's less to do with appearance. However don't let that knowledge become a idiosyncrasy that blinds you to the fact that appearances matter, and lend to instant credibility. I've seen some successful hole in the walls businesses. They are because of what you claim and driven by word of mouth. But not listening to the obvious could keep closed many more doors you haven't even thought about.

I do not understand what this coin is for. Web site looks like a blog with ugly template. Is this coin fundamentally strong and provide some useful service, why it grows so much? Or is it a speculative growth and it will drop to hell one day?

You are correct. Buyers should get a chance.

This would be the case on centralised exchange because "natural partial orders2 + high demand would eat up the wall. Yes. Correction was/is expected and it is natural that it occurs. But this particular case is/was not correction ... yet. But it might be the cause to trigger correction. We will see.

it is a bit of both...and no one should stress out over it...

this gives buyers a chance too...markets need buyers and sellers, you can not have one without the other

Why does it have to be 1 big sell order? Why can't it be a natural pullback after more than doubling in 2-3 days?

Pathetic. 1000 VERI wall and everything crumbles ... People probably do not know that they can submit partial orders ... There are 258 holders with 1000 or more VERI. So at least 258 could create wall anytime. On centalised exchange that kind of things wouldn't last so long ... This wall is a good example why it would be good idea to have VERI on centralised exchange. Until it hits JSE ...

As far as I know and remember it should be as easy as simply clicking on red order. Here is one catch though. You need to have at least 2 ETH for the transfer fee. Am not sure if it actually takes 2 ETH even if you partially fill up for lets say 10 ETH or it takes appropriate for your amount (much less). If anyone knows feel free to correct this.

Just click the order,  and type in the amount of veri you want to buy or eth you want to spend.  It will eat that amount

you can click any order regaRdless of size, and custom fill the lot size and the price will adjust itself.
easy to do...

example, the 1000 LOT buy wall, click it, and insert the amount you want to buy, 1 or 5, or even 100, then click the BUY button

That would be useful info on how to do that if anyone has a link .. Ive used etherdelta once so I know it's a bit complex.   I think I always just clicked the amounts in the order book. If someone starts eating that order I bet it gets pulled.

Hope that will bite him/her. People can still use partial fill-up order if they really want to drain this wall.

Thank you for your VERI valuable contribution to the discussion.  Ingore