Topic: VERITASEUM DISCUSSION THREAD - page 155. (Read 251040 times)

haha I hear you. Personally I will only get excited when we hit the $1000 mark. We might get there before the end of the year.

Nowhere near enough to excite me yet my friend, needs to be at least triple that before I could bring myself to get mildly enthused!

Some people will just never give in to the demands of tyrants and criminals...

Etha delta market is only showing just over 2000 veri for sale! People starting to hold  What other exchange do you guys think will be first to list?

It is now at $46.52 with a 24h volume of $901,873. 

Correct. Gold and silver are not good investments. However, physical gold and silver in hand will be a great hedge or insurance the day the dollar finally dies. I prefer to hold cryptos, gold and silver. 

Trade VERI at https://etherdelta.github.io/#VERI-ETH with Metamask chrome extension (ETH only)

Average price @ $40 with $800k consistent 24hr volume

Bix Weir is good for telling us that there is far lots more gold out there than publicly disclosed.

And in addition to all the unlimited manipulation going around, gold is not a good investment except just kept as some collectible.
I don't think silver is a good investment too; I agree with Clif High that the government will set a price and force it onto us to take and I am sure the price isn't something that will be investment-worthwhile compare to the cryptocurrencies.
Yeah, massive black market as a result but if the government makes it illegal with heavy punishment, I don't think anyone of us would want to take such risk selling into a black market.

News from Reggie:

https://twitter.com/ReggieMiddleton

'Global stocks & cryptos correct hard, but $VERI shows STRENGTH! I'll announce true Wall Street disruption in <48 hrs"

I agree, most likely they are here to spread FUD and pick up some coins.  (tokens)

We've been discussing this since the ICO.
Total = Veri 100 million tokens
2 million set aside for ICO.
98 million tokens for institutional client's.  
These will be most likely sold OTC directly from Veritaseum offices to institutional clients / governments. These tokens will be used like keys to get access to the machine and not traded.

So by deduction the exchange traded float will be around 2 million approximately.

Minus my tightly held stack

https://youtu.be/qezrH2c5N3c?t=20m26s

Listen for about 4 minutes.. Then listen again, I think he's implying Veri holders in time will have Rockefeller wealth.

Here's a decent take on Veritaseum: https://www.youtube.com/watch?v=rhtXl7Wsm34

More from Bix Weir on Veritaseum at 10:00 mark

https://youtu.be/QxdE7hwqP-o


 

Like Reggie said Y'all are still thinking small potatoes. We are not his target audience and the coins will be distributed to high paying buyers, the current price of VERI is irrelevant unless you're looking to buy in last minute before the show.

As with all the other coins at coinmarketcap.com, the market cap is always calculated with the circulating supply, not the total (or in some instances pre-mined) supply.

Citing from the FAQ:
'What is "Market Capitalization" and how is it calculated?
Market Capitalization is one way to rank the relative size of a cryptocurrency. It's calculated by multiplying the Price by the Circulating Supply.
Market Cap = Price X Circulating Supply.

What is the difference between "Circulating Supply", "Total Supply", and "Max Supply"?
Circulating Supply is the best approximation of the number of coins that are circulating in the market and in the general public's hands.
Total Supply is the total amount of coins in existence right now (minus any coins that have been verifiably burned).
Max Supply the best approximation of the maximum amount of coins that will ever exist in the lifetime of the cryptocurrency.

Why is the Circulating Supply used in determining the market capitalization instead of Total Supply?
We've found that Circulating Supply is a much better metric for determining the market capitalization. Coins that are locked, reserved, or not able to be sold on the public market are coins that can't affect the price and thus should not be allowed to affect the market capitalization as well. The method of using the Circulating Supply is analogous to the method of using public float for determining the market capitalization of companies in traditional investing.'

Source:
http://coinmarketcap.com/faq/

Thanks. I did some additional edits.

Now there's a thought process we can get behind!  nice job!

The Veritaseum website needs to have a FAQ in place to answer these kind of question about potential scam so that in the future when another person question the validity of the project, he/she can be conveniently pointed to that FAQ page and save everyone's time explaining the same damn thing over and over again.

Edit:
The price is always changing. There is no fucking point to quote the current price for the sake of some extremely short-term sentiment.
I wouldn't give a hoot if the price is $20 or $60 now.

Edit #2:
Just my opinion:
The market cap should very conservatively be based on the total supply that is 100 million, never mind if most of them are in circulation or reserved. If the circulating supply is used, then people will question that the market cap is fake because the company has over 90 million in store that they can anytime be released and overwhelm the market and manipulate the market cap higher. Though this is not true, but it still gives rise to such doubt and suspicion, no matter true or false, and lead to issue of questionable trust. And it is not wise to allow such thing to potentially arise. Quoting the market cap on 100 million supply should not be a fucking problem. Additionally, having a large market cap conveys a positive impression that the project is worth as much as its market cap. Don't fucking worry that the large market cap will scare people away into thinking its already too expensive, let's not buy. The best veri holder is the holder that is savvy and understanding, not the stupid and clueless. If the stupid and clueless feel the $4 bil+ market cap is expensive and refuse to buy, let them. Sell only to those that appreciates the project and what it can bring. Make sure you are clear of which customer base you are trying to attract. Are you trying to attract the average Joe? Then make sure to make the market cap figure as low as possible to make it appear cheapass. If you are trying to attract the central bankers, investment funds, multinational corporations, exchange operators, UHNW individuals, etc, then make the market cap as high as possible. Either way, the most truthful and most positive way is to base the market cap on 100 million total supply, NOT on the tiny circulating supply. Don't make the foolish mistake of trying to impress the wrong audience.

I just wonder what the added value of these non compliant non regulated non real ETF's can be and i can't find one.

If he want to start hedging on ETF's real liquidity is also needed, not a token.

Reminds me a little of Lykke, but that one i actually like and they already got a working product, are expending fast and are also fully licensed.

Troll banger you are.  Excellent. 

AltCity has my vote for intellect of the day.

Correction:
Price: $ 45.94
Circulating Supply: 1,953,438.05539709 VERI
Market Cap = Price * circulating supply = $ 89.7 mio

As I estimated before, VERI is already in the top 40 coins by market cap.