Topic: VERITASEUM DISCUSSION THREAD - page 133. (Read 251011 times)
OMG, that news is astounding. If I hadn't bought in the ICO I could maybe bring myself to buy at the current bargain levels. It's too hard to pay 3:1 when I initially bought at 30:1, even though I probably should. Wish I had a time machine to go back to that ICO and get more.
Wow, Reggie, what a successful trip to Jamaica! Respect! "I respect you man"!
Ya Mon! One love.
Everything's irie
All I ask is that you take me along next time
Ya Mon! One love.
Everything's irie
All I ask is that you take me along next time
Folks get in before the news hits the wider market! VERI is dirt cheap at current price levels. 
Agreed. We are low for previous trading sessions. This would be a good entry point for someone looking to buy a VERI or two that may not have any yet. The 3000+ tokens on offer currently will be considered cheap in the coming months. Once this news is absorbed, the cheap tokens will disappear. Remember the psychological step of 1/1 remains. Once we cross that we are in new territory! 
Folks get in before the news hits the wider market! VERI is dirt cheap at current price levels.
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You for one continue to hammer on the "full coin supply," failing to differentiate between that and the circulating coin supply.
There is no difference between a "full" and "circulating" supply.
If there is a potential seller of 98 million coins over the net 18 months or so, then that represents part of the 'circulating supply' at least for the purposes of marketcap calculation.
Let me guess: You didn't get in and are now trying to push the price down to get in at 0.02?
No. I hold some Veritasium and I am sitting here with dry powder on Ether Delta ready to fire some more into it, but I do my due diligence and I don't like buying grossly overvalued stuff however high it's expected to go. As such, it doesn't really matter whether coinmarketcap calculates the marketcap based on a supply of 100 million or 2 million since investors are free to value it as they see fit and if there are 98 million "new tokens" available for new institutional investors then that makes the supply 100 million from my point of view, not 2.
The reason this is important is because if I calculate it to be overvalued according to comparable assets then so too will some interesting contenders who like the idea making a few bucks out of this market, for example the Goldman Sachs, JP Morgan & Barcleys and they won't have 2 "analysts" programming their automated investment vehicles, they'll have 300.
You don't seem to understand how the institutional market works. Let's pick apart your assertions.
Large investors rarely transact through exchanges in bulk because that is ineffecient and slippage drives the price. I made three deals in the last 24 hours, one was with one of the largest stock exchanges in the Caribbean region (can't quantify the VERI value, but expect it to be big), one was with a UHNW individual (starting with a $1-$1.5M purchase), and one with a sovereign nation. There's another I'm looking to close next month that will be bigger than these three combined. Not one of them will go through the extant exchanges (as a matter of fact, two of them are for building exchnages). Not only will these transactions not drive the price of VERI down, they should drive it higher since significantly more value will go though Veritaseum systems relative to the ROW (rest of the world) than before.
Every single big block sale I make out of the 98M outstanding is extremely bullish for the existing VERI holders. It's Metcalfe's law and the network effect, my friend.
Your argument is akin to saying the Internet is overvalued because there's the potential for 100s of millions of new users to come onboard.... What!!!???
Still new to the crypto space and first post on here. Found out about VERI's initial token offering just before deadline. Not an expert in this area at all but the case looked strong and I'd seen Reggie in the media and trust the man. Stubborn as a mule me I'm holding long term no doubt about that. One question if I may...can I join / how do I join this "slack"?!
Thanks. Good luck to Reggie and the team - and to everyone who is bringing positivity to this forum
Thanks. Good luck to Reggie and the team - and to everyone who is bringing positivity to this forum
Thank you so much Reggie, for all you have done to VERI holders!!! VERI will surpass ETH for sure and VERI soon !!!!!
Today is the day! Just image the opportunities that will open up if Reggie can manage to get Jamaica on board today. There is no doubt in my mind that he will succeed, but even if he doesn't, the Veritaseum train will continue to move forward into the future. All the best Reggie!
I... no... We, succeeded... In a big way. We have a signed MOU with the Chairaman of the Board and the Managing Director of the Jamaica Stock Exchange to do a rapid buildout of a digital asset exchange via joint venture. This is the most significant anouncement the cryptocurrency space in years, particularly considering the flexiblity of the products that we will design under my watch. We are looking for a launch date of approximately August 31st.
I have met with almost every power player relevant to this deal (and others) in the region, from the largest financial institutions to the Deputy Governor of the Central bank, to the FSC (Financial Services Commisson), to the Minister of Finance and Tranpsortation, even the wife of the Prime Minsiter (Jamaica's equivalent of Michelle Obama).
I am also arranging to purchase distressed assets from the country to add to a VERI special secret sauce.
If that's not enough, I am working on a similar deal with on of the world's top ten exchanges, whom I started working with BEFORE the Jamaica deal.
It's all VERI exciting! :-)
I'll post pics, videos, explanations and even documents throughout the day. I'm interviewing today (just getting back to the office), so will be a bit busy (ain't nothing new).
Congrats to all supporters and owners of VERI.
We're not playing games here!
Wow Reggie, we couldn't hope for better news! Congratulations to you and the VERI team, including Masiah! Thank you for all your hard work and dedication. Soon the world will have to take notice!
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Activity: 136
Merit: 100
UltraCoin "Smart" Derivatives: The Future of Money
Today is the day! Just image the opportunities that will open up if Reggie can manage to get Jamaica on board today. There is no doubt in my mind that he will succeed, but even if he doesn't, the Veritaseum train will continue to move forward into the future. All the best Reggie!
I... no... We, succeeded... In a big way. We have a signed MOU with the Chairaman of the Board and the Managing Director of the Jamaica Stock Exchange to do a rapid buildout of a digital asset exchange via joint venture. This is the most significant anouncement the cryptocurrency space in years, particularly considering the flexiblity of the products that we will design under my watch. We are looking for a launch date of approximately August 31st.
I have met with almost every power player relevant to this deal (and others) in the region, from the largest financial institutions to the Deputy Governor of the Central bank, to the FSC (Financial Services Commisson), to the Minister of Finance and Tranpsortation, even the wife of the Prime Minsiter (Jamaica's equivalent of Michelle Obama).
I am also arranging to purchase distressed assets from the country to add to a VERI special secret sauce.
If that's not enough, I am working on a similar deal with on of the world's top ten exchanges, whom I started working with BEFORE the Jamaica deal.
It's all VERI exciting! :-)
I'll post pics, videos, explanations and even documents throughout the day. I'm interviewing today (just getting back to the office), so will be a bit busy (ain't nothing new).
Congrats to all supporters and owners of VERI.
We're not playing games here!
Welcome back Reggie! I trust you had a great time in Jamaica.
full member
Activity: 136
Merit: 100
UltraCoin "Smart" Derivatives: The Future of Money
yes ico is done and believe bounties have been paid. the coin is still selling for very cheap on etherdelta but shudnt for long.
Hi
Maybe part of the
contribution rewards have
been paid till now.
At least I'm on the mising list.
Was asked by masiah for providing an up-dated Twitter audit.
Few days ago I was
send that using his e-mail address. But didn't get any feedback till now! And don't why?
Thanks!
Masiah was with me in Jamaica working on increasign the value and reach of Veritaseum and attempting to solve the exchange ilsting problem. I believe we have solved the problem.
VERI holders stay strong. Don't fall for the shenanigans and tricks of those who are trying to get in cheap.
It should be known to the world that despite Status being one of the biggest ICO with enough "firepower" to jam the ethereum network, its trading volume is still way below that of Veri @ EtherDelta.
And please, fuck the exchanges that ignore Veri.
We don't need to give face to such scumbags.
And please, fuck the exchanges that ignore Veri.
We don't need to give face to such scumbags.
I couldn't agree more.
It should be known to the world that despite Status being one of the biggest ICO with enough "firepower" to jam the ethereum network, its trading volume is still way below that of Veri @ EtherDelta.
And please, fuck the exchanges that ignore Veri.
We don't need to give face to such scumbags.
And please, fuck the exchanges that ignore Veri.
We don't need to give face to such scumbags.
VERI collapsed!!!
Speaking of Jamaica, what are some real life theoretical examples of ways that Jamaica would use VERI? Jamaica has a local currecncy I believe but they also use a lot of USD. Clearly Jamaica could adopt a crypto-currency and abandon the USD and Jamaican dollar, but VERI doesn't appear to be the ideal vehicle for that. What other applications would or could Jamaica use VERI for if Reggie is successful? All speculation of course.
http://veritas.veritaseum.com/index.php/21-veritas-pancarib-what-would-the-euro-look-like-if-it-actually-worked
Yes, I read that but it's too theoretical and top-level for me to understand what it really means. In low-level terms, what are we talking about?
Our token technology, Veritas, serves as the basis for a pan-Caribbean “smart" currency designed to operate in conjunction with traditional fiat currencies (to enable immediate adoption) that allows the entire participating set of caribbean nations of the African and latin diaspora and beyond to share common liquidity pools and markets, yet retain their sovereignty and economic independence.
Are we talking about everyone in Jamaica running around using VERI instead of fiat to make every day purchases?
Why exactly would the currency be "smart" or why does it need to be "smart" and why not a non-smart crypto like Bitcoin? What would be some specific advantages to having a "smart" digital currency (specific examples please)?
The answers are all in the article:
"Our token technology, Veritas, serves as the basis for a pan-Caribbean “smart" currency designed to operate in conjunction with traditional fiat currencies (to enable immediate adoption) that allows the entire participating set of caribbean nations of the African and latin diaspora and beyond to share common liquidity pools and markets, yet retain their sovereignty and economic independence. This avoids the marginalization that plagues the Eurozone periphery (Greece, Portugal, etc.) which gradually drags down the economic core (Germany, France, etc.)."
"Using software robotics, blockchain technology, smart contracts and financial engineering, we at Veritaseum are realizing the goals of what the euro should have been. We plan to unleash this platform in the short term and demonstrate a template upon which to build the smart contract powered evolution to the euro concept - in other worlds, Enter the Peer-to-Peer Economy."
Speaking of Jamaica, what are some real life theoretical examples of ways that Jamaica would use VERI? Jamaica has a local currecncy I believe but they also use a lot of USD. Clearly Jamaica could adopt a crypto-currency and abandon the USD and Jamaican dollar, but VERI doesn't appear to be the ideal vehicle for that. What other applications would or could Jamaica use VERI for if Reggie is successful? All speculation of course.
We are on out way back from Jamacia now and I can say, Jamacia went very well. Stay tuned to twitter.Excellent!
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We are on out way back from Jamacia now and I can say, Jamacia went very well. Stay tuned to twitter.
[/quote]
Congrats!
Any recent updates from Reggie on how things are going out there?
Masiah in the Slack at 1:10 AM: "For those of you asking if Jamaica went well. We are on our way back to NY now and lets just say Reggie has a very big smile on his face."
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