I disagree Token valuation CANNOT be compared to traditional asset valuation. For instance, Apple can always issue new shares, thus they effectively have an UNLIMITED potential market capitalization. Veritaseum has clearly and upfront told us that there will ever exist 100 Million tokens.
Secondly, the token distribution is instantly transparent on the Blockchain, unlike a stock where Apple can issue shares or warrants / options and it may not be apparent to the market that there are new shares going to hit the market. So if a company like Apple can issue new shares, their market capitalization is theoretically UNLIMITED.
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I consider that the total float of shares issued for converting to veritaseum services is the true representation of the value of this token. Reserve is NOT a factor until they are transfered on the blockchain and that this is fully transparent for all to see. Since this would most likely be something that would be announced on the website as news, I believe that it will add to the importance and necessity of holding these tokens, and using them personally as well.
1. No. If Apple issue new shares, they will publicly announce it, and the share price of Apple will adjust accordingly. It will NOT result in unlimited market cap.
2. No. The true representation of the value of the token is based on how large the capital market can be disintermediated that reflects the potential use of the token (at least from the existing market that we have, never mind of any new market that may crop up from such platform; if we don't have any existing market to serve as reference, but just talk about new market potential, then we are just dwelling in imaginary + fantasy talks), NOT the total float.
Edit:
It would be a great bigly help if Reggie/Veritaseum can list down (I am sure will not be exhaustive) the industries (along with its market size) that Veritaseum can tap into, at least to give a clearer (albeit simplified) picture of the potential of the project (no, I don't think that $1.635 quadrillion market figure that is inclusive of standardized products/services is an accurate picture).
This list can also be used as promotional material to the intended (but uninformed) potential customers of the platform to participate.
And I would like to see Veritaseum successfully tap into non-African origin markets, in America, Europe, and Asia as a proof of impact.