I think the difference is the immediate market vs. the potential market, in time. The immediate market may be something less than $1.635 quadrillion, but with time, it can expand to encompass more.
I wouldn't expect them to do everything right out of the gate. Look at where Google started in the late 90's vs. where they are today.
Topic: VERITASEUM DISCUSSION THREAD - page 167. (Read 251011 times)
Does anyone know the ticker of this when listed ? As veri is already taken by another coin ?
Reggie referred to the entire capital market of $1.635 quadrillion for Veritaseum to disintermediate.
But he also expressed his platform services only financial products that are illiquid and non-standardized (like letters of credit).
Such market is very small, much smaller than the entire capital market that is both standardized and non-standardized.
If that is true, then how is it appropriate for Reggie to refer to this $1.635 quadrillion figure?
Both the forex ($1.378 trillion) and equities & futures ($163 trillion) markets are predominantly standardized, very liquid, and have minimal friction costs.
That would leave only a small fraction of the entire capital market for him to disintermediate, a long shot from that $1.635 quadrillion figure.
I have no opinion of whether non-standardized transactions are ideal or otherwise, nor do I have any opinion of whether I should rewire my brain and start falling in love with non-standardized trades; that I leave to the capital market that Reggie tries to disintermediate to decide.
No, I am not a potential user of Veritaseum because I don't have any non-standardized assets with high friction costs to transact.
I am just curious if there is a possible misrepresentation of that $1.635 quadrillion capital market that can be disintermediated.
I don't want to slander nor be slandered out of this, so tell me where am I wrong in this?
But he also expressed his platform services only financial products that are illiquid and non-standardized (like letters of credit).
Such market is very small, much smaller than the entire capital market that is both standardized and non-standardized.
If that is true, then how is it appropriate for Reggie to refer to this $1.635 quadrillion figure?
Both the forex ($1.378 trillion) and equities & futures ($163 trillion) markets are predominantly standardized, very liquid, and have minimal friction costs.
That would leave only a small fraction of the entire capital market for him to disintermediate, a long shot from that $1.635 quadrillion figure.
I have no opinion of whether non-standardized transactions are ideal or otherwise, nor do I have any opinion of whether I should rewire my brain and start falling in love with non-standardized trades; that I leave to the capital market that Reggie tries to disintermediate to decide.
No, I am not a potential user of Veritaseum because I don't have any non-standardized assets with high friction costs to transact.
I am just curious if there is a possible misrepresentation of that $1.635 quadrillion capital market that can be disintermediated.
I don't want to slander nor be slandered out of this, so tell me where am I wrong in this?
These prices ain't nothing yet!! This token will go beyond 1:1 with ETH. Look at what it can do and realise this is a major disruptive tech. Fortunes will be created with VERI.
Wait til the proper exchanges list this... kaboom upwards!!
Wait til the proper exchanges list this... kaboom upwards!!
Good , Waiting bounty for twitter and facebook...
Who can explain what this program is for and what it does? I do not understand . Thanks
Hey, so I thought I'd try and buy some Vertiaseum tokens. So I made an account with metamask, put a small amount of eth into it, and then deposited some of that ETH into Etherdelta. Im kind of frustrated right now because my deposit doesnt show up under my Etherdelta balance, but I can see my deposit here https://etherscan.io/tx/0x0210732d5d957f523d0fadfb3e8eaeebe408d8c2157d99c30208a3fce87ba7c7 has anyone else had this problem. Any help is greatly appreciated. Thanks!
You may need to refresh the cache.
Thanks I reset the cache but that did nothing. Luckily I was testing with a fairly small amount. Be careful with this site.
I posted this video
https://www.youtube.com/watch?v=8ebzUdtN78s
I've used the exchange already with no issues.
Hey, so I thought I'd try and buy some Vertiaseum tokens. So I made an account with metamask, put a small amount of eth into it, and then deposited some of that ETH into Etherdelta. Im kind of frustrated right now because my deposit doesnt show up under my Etherdelta balance, but I can see my deposit here https://etherscan.io/tx/0x0210732d5d957f523d0fadfb3e8eaeebe408d8c2157d99c30208a3fce87ba7c7 has anyone else had this problem. Any help is greatly appreciated. Thanks!
You may need to refresh the cache.
Thanks I reset the cache but that did nothing. Luckily I was testing with a fairly small amount. Be careful with this site.
Why is this coin still unlisted? Countless ERC20 ICOs have listed on Liqui on the same day and on Bittrex the following week. Why is it taking so long for dev team to reach out to get this listed; I doubt other ICO developers had priority for listing in a timely manner yet their coins don't take weeks to trade.
Quick question for the board. On myetherwallet, to make the VERI holdings appear, I recall from the ICO we put in the symbol (VERI) and decimals: 18, but don't have the address. For a friend who "lost" his view of his holdings. Thanks.
I am not 100% sure, but try this one: 0x8f3470a7388c05ee4e7af3d01d8c722b0ff52374
Perfect! Thanks!
You're most welcome.
Quick question for the board. On myetherwallet, to make the VERI holdings appear, I recall from the ICO we put in the symbol (VERI) and decimals: 18, but don't have the address. For a friend who "lost" his view of his holdings. Thanks.
I am not 100% sure, but try this one: 0x8f3470a7388c05ee4e7af3d01d8c722b0ff52374
Perfect! Thanks!
Quick question for the board. On myetherwallet, to make the VERI holdings appear, I recall from the ICO we put in the symbol (VERI) and decimals: 18, but don't have the address. For a friend who "lost" his view of his holdings. Thanks.
I am not 100% sure, but try this one: 0x8f3470a7388c05ee4e7af3d01d8c722b0ff52374
Quick question for the board. On myetherwallet, to make the VERI holdings appear, I recall from the ICO we put in the symbol (VERI) and decimals: 18, but don't have the address. For a friend who "lost" his view of his holdings. Thanks.
I still think the ICO price was too high for VERI, and the current market price.
From the way I think about it, the higher the price of VERI at start, the less return for my money that I get. If I buy 10k worth of VERI at $70 and it goes to $85 I have only made ~$2,000 profit.
If I buy 10k worth of HumanIQ ( not sponsoring just taking another project) and it goes from $0.16 to 1 dollar, I have made $50,000.
Which one is the better investment in terms of % RoI for my money spent? Not saying I do not think VERI is a good project or that it does not have potential. If the price was $7 each I would buy 10k worth tomorrow, but since it is $70, I will put my money where the returns have the potential to be much great.
Real world example, would you have rather had 10k invested in ETH at $100, or 10k invested in Stratis Token at $1... do the math.
From the way I think about it, the higher the price of VERI at start, the less return for my money that I get. If I buy 10k worth of VERI at $70 and it goes to $85 I have only made ~$2,000 profit.
If I buy 10k worth of HumanIQ ( not sponsoring just taking another project) and it goes from $0.16 to 1 dollar, I have made $50,000.
Which one is the better investment in terms of % RoI for my money spent? Not saying I do not think VERI is a good project or that it does not have potential. If the price was $7 each I would buy 10k worth tomorrow, but since it is $70, I will put my money where the returns have the potential to be much great.
Real world example, would you have rather had 10k invested in ETH at $100, or 10k invested in Stratis Token at $1... do the math.
You're still not getting it ... good luck getting VERI before it's $500 and then $5,000 then $50,000 then $500,000 then $5,000,000
Oh I get it fully, I thought long and hard about investing in the ICO and decided against it. I sincerely hope that the price does go up as you suggest and that you ICO investors get rich. If I miss out I miss out, but that doesn't mean I am upset about it. I chose to not invest after doing my due diligence.
"due diligence" based on price movements alone?
P.S. "If the price was $7 each I would buy 10k worth tomorrow"
Love to hear the rationale about the DD that caused the above investor to shun this investment.
If the value I see in Veritaseum can at all be recognized by the financial crowd I think we will not need to worry at all about the price. I don't know how to count that high. It might get pretty silly.
All I know is the ICO ratio was 30-1 and it is trading around 4-1, on a small exchange, as a start, this week. A ratio move of 30-1 to 4-1, isn't that about a 7 fold move already? Granted the mkt is illiquid and doesn't take $. However it may be a strong indication of where the price is going, i.e. up
My thoughts exactly. In addition, the downside risk is only that high. If the price of VERI tokens goes to zero, I will lose a few hundred dollars at best in terms of my purchase. The risk of not participating in something that could turn the world the right side up is something I personally cannot stomach. Sorry to get corny about it, but this might be our "one chance" (https://youtu.be/G4Ym9zokSZo).
Will be bounty?
very nice,good job,wish you all the best!
I still think the ICO price was too high for VERI, and the current market price.
From the way I think about it, the higher the price of VERI at start, the less return for my money that I get. If I buy 10k worth of VERI at $70 and it goes to $85 I have only made ~$2,000 profit.
If I buy 10k worth of HumanIQ ( not sponsoring just taking another project) and it goes from $0.16 to 1 dollar, I have made $50,000.
Which one is the better investment in terms of % RoI for my money spent? Not saying I do not think VERI is a good project or that it does not have potential. If the price was $7 each I would buy 10k worth tomorrow, but since it is $70, I will put my money where the returns have the potential to be much great.
Real world example, would you have rather had 10k invested in ETH at $100, or 10k invested in Stratis Token at $1... do the math.
From the way I think about it, the higher the price of VERI at start, the less return for my money that I get. If I buy 10k worth of VERI at $70 and it goes to $85 I have only made ~$2,000 profit.
If I buy 10k worth of HumanIQ ( not sponsoring just taking another project) and it goes from $0.16 to 1 dollar, I have made $50,000.
Which one is the better investment in terms of % RoI for my money spent? Not saying I do not think VERI is a good project or that it does not have potential. If the price was $7 each I would buy 10k worth tomorrow, but since it is $70, I will put my money where the returns have the potential to be much great.
Real world example, would you have rather had 10k invested in ETH at $100, or 10k invested in Stratis Token at $1... do the math.
You're still not getting it ... good luck getting VERI before it's $500 and then $5,000 then $50,000 then $500,000 then $5,000,000
Oh I get it fully, I thought long and hard about investing in the ICO and decided against it. I sincerely hope that the price does go up as you suggest and that you ICO investors get rich. If I miss out I miss out, but that doesn't mean I am upset about it. I chose to not invest after doing my due diligence.
"due diligence" based on price movements alone?
P.S. "If the price was $7 each I would buy 10k worth tomorrow"
Love to hear the rationale about the DD that caused the above investor to shun this investment.
If the value I see in Veritaseum can at all be recognized by the financial crowd I think we will not need to worry at all about the price. I don't know how to count that high. It might get pretty silly.
All I know is the ICO ratio was 30-1 and it is trading around 4-1, on a small exchange, as a start, this week. A ratio move of 30-1 to 4-1, isn't that about a 7 fold move already? Granted the mkt is illiquid and doesn't take $. However it may be a strong indication of where the price is going, i.e. up
I still think the ICO price was too high for VERI, and the current market price.
From the way I think about it, the higher the price of VERI at start, the less return for my money that I get. If I buy 10k worth of VERI at $70 and it goes to $85 I have only made ~$2,000 profit.
If I buy 10k worth of HumanIQ ( not sponsoring just taking another project) and it goes from $0.16 to 1 dollar, I have made $50,000.
Which one is the better investment in terms of % RoI for my money spent? Not saying I do not think VERI is a good project or that it does not have potential. If the price was $7 each I would buy 10k worth tomorrow, but since it is $70, I will put my money where the returns have the potential to be much great.
Real world example, would you have rather had 10k invested in ETH at $100, or 10k invested in Stratis Token at $1... do the math.
From the way I think about it, the higher the price of VERI at start, the less return for my money that I get. If I buy 10k worth of VERI at $70 and it goes to $85 I have only made ~$2,000 profit.
If I buy 10k worth of HumanIQ ( not sponsoring just taking another project) and it goes from $0.16 to 1 dollar, I have made $50,000.
Which one is the better investment in terms of % RoI for my money spent? Not saying I do not think VERI is a good project or that it does not have potential. If the price was $7 each I would buy 10k worth tomorrow, but since it is $70, I will put my money where the returns have the potential to be much great.
Real world example, would you have rather had 10k invested in ETH at $100, or 10k invested in Stratis Token at $1... do the math.
You're still not getting it ... good luck getting VERI before it's $500 and then $5,000 then $50,000 then $500,000 then $5,000,000
Oh I get it fully, I thought long and hard about investing in the ICO and decided against it. I sincerely hope that the price does go up as you suggest and that you ICO investors get rich. If I miss out I miss out, but that doesn't mean I am upset about it. I chose to not invest after doing my due diligence.
"due diligence" based on price movements alone?
P.S. "If the price was $7 each I would buy 10k worth tomorrow"
I still think the ICO price was too high for VERI, and the current market price.
From the way I think about it, the higher the price of VERI at start, the less return for my money that I get. If I buy 10k worth of VERI at $70 and it goes to $85 I have only made ~$2,000 profit.
If I buy 10k worth of HumanIQ ( not sponsoring just taking another project) and it goes from $0.16 to 1 dollar, I have made $50,000.
Which one is the better investment in terms of % RoI for my money spent? Not saying I do not think VERI is a good project or that it does not have potential. If the price was $7 each I would buy 10k worth tomorrow, but since it is $70, I will put my money where the returns have the potential to be much great.
Real world example, would you have rather had 10k invested in ETH at $100, or 10k invested in Stratis Token at $1... do the math.
From the way I think about it, the higher the price of VERI at start, the less return for my money that I get. If I buy 10k worth of VERI at $70 and it goes to $85 I have only made ~$2,000 profit.
If I buy 10k worth of HumanIQ ( not sponsoring just taking another project) and it goes from $0.16 to 1 dollar, I have made $50,000.
Which one is the better investment in terms of % RoI for my money spent? Not saying I do not think VERI is a good project or that it does not have potential. If the price was $7 each I would buy 10k worth tomorrow, but since it is $70, I will put my money where the returns have the potential to be much great.
Real world example, would you have rather had 10k invested in ETH at $100, or 10k invested in Stratis Token at $1... do the math.
You're still not getting it ... good luck getting VERI before it's $500 and then $5,000 then $50,000 then $500,000 then $5,000,000
Oh I get it fully, I thought long and hard about investing in the ICO and decided against it. I sincerely hope that the price does go up as you suggest and that you ICO investors get rich. If I miss out I miss out, but that doesn't mean I am upset about it. I chose to not invest after doing my due diligence.
I still think the ICO price was too high for VERI, and the current market price.
From the way I think about it, the higher the price of VERI at start, the less return for my money that I get. If I buy 10k worth of VERI at $70 and it goes to $85 I have only made ~$2,000 profit.
If I buy 10k worth of HumanIQ ( not sponsoring just taking another project) and it goes from $0.16 to 1 dollar, I have made $50,000.
Which one is the better investment in terms of % RoI for my money spent? Not saying I do not think VERI is a good project or that it does not have potential. If the price was $7 each I would buy 10k worth tomorrow, but since it is $70, I will put my money where the returns have the potential to be much great.
Real world example, would you have rather had 10k invested in ETH at $100, or 10k invested in Stratis Token at $1... do the math.
From the way I think about it, the higher the price of VERI at start, the less return for my money that I get. If I buy 10k worth of VERI at $70 and it goes to $85 I have only made ~$2,000 profit.
If I buy 10k worth of HumanIQ ( not sponsoring just taking another project) and it goes from $0.16 to 1 dollar, I have made $50,000.
Which one is the better investment in terms of % RoI for my money spent? Not saying I do not think VERI is a good project or that it does not have potential. If the price was $7 each I would buy 10k worth tomorrow, but since it is $70, I will put my money where the returns have the potential to be much great.
Real world example, would you have rather had 10k invested in ETH at $100, or 10k invested in Stratis Token at $1... do the math.
You're still not getting it ... good luck getting VERI before it's $500 and then $5,000 then $50,000 then $500,000 then $5,000,000
Oh I get it fully, I thought long and hard about investing in the ICO and decided against it. I sincerely hope that the price does go up as you suggest and that you ICO investors get rich. If I miss out I miss out, but that doesn't mean I am upset about it. I chose to not invest after doing my due diligence.
The point of the ICO is not to get rich. It is to fund business activities and at the same time get the opportunity to have access to the research and bots. I personally work with banks. The biggest theme of all in the IT space right now is automation. It does not matter if it is some form of network automation or software automation. Everyone is looking to do it.
If a bank does not get in on such a venture, they will loose BIGLY.
Here is why:
- They have to pay people to run services manually, while the competition is automating and reducing costs
- If they implement their own proprietary system, it will:
- Be way behind in terms of development
- Cost them MUCH MUCH more money to implement
- Have less accessibility to the public, less transparency, and less trust
Using this system, it is only a matter of time before one major financial player takes advantage of the capabilities here. Once that happens, it will be a real raid on the technology. People in the FinTech industry are ruthless man and will fight til the death for a market advantage. If they are behind, they'll pour all kinds of resources to catch up.
It will take a good amount of time for this to play out. But, when it does play out...it will be yuge.
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