Topic: VERITASEUM DISCUSSION THREAD - page 170. (Read 251011 times)

I've got a question...

In one of your videos you mentioned that your research is what you get when one buys VERI. So, lets say that there are a lot of buy ins from individuals and institutions and your plan works well. Over time, wouldn't the VERI ultimately end up concentrated at your organization? How would new parties who have interest in your work get access to it in that case?

Perfect. Thanks for the confirm.

Masiah is Veritaseum's first intern. He's been invaluable in assisting in chewing through the massive email (and soon, voicemail) cue that has built up. He's also very talented and I'm quite proud of him :-)

You are correct to be cautious, for Veritaseum email has been spoofed before. If you get a suspicious email from the Veritaseum domain, check the security cert. and make sure the entire root domain is spelled EXACTLY as you see it in our website - or - email in to support using direct links from our site (do not Google search it - very risky) to confirm.

I'm not being overly defensive, I'm being factual. If you post something that is not true, and I call you on it, it is not slander - It's the truth! You stated that our coin was a failure due to historical price charts. That is not the truth, you were corrected. I'm all for everyone doing due diligence and research, but you need to do just that. You took a cursory glance, and in effect, actually slandered us.

You still don't understand the Veritaseum opportunity. I tell you the product is not aimed at you as a target audience and you state you studied for a CFA test, are a developer, and now you say you are a trader. None of that qualifies you as our target audience. We are looking for buyside investors and/or owner/operators fo illiquid assets or those assets with high friction costs. Being a trader has absolutely nothing to do with the the Veritaseum value proposition. The same goes for CFA certification candidacy (it's actually just a test) or being a developer.

You then attempt to hold us at a different bar than the entire industry by discussing extant user bases (which we've had for a decade) and such. This is misleading if not downright erroneous to most, since the three most outstanding tokens in regards to risk adjusted reward, and absolute reward had no extant user base at all at inception.

The most important point to address is your statement of looking after your "investment". Veritaseum is a P2P value exchange exchange tool in the form of distributed software. It is not an investment and we have never marketed it as an investment. As a matter of fact, we went out of our way to illustrate that it is a software tool and not an investment. Now, that does not mean that you can't speculate on Veritas, just as you can speculate on Vinyl LPs, comic books or Beanie Babies, but that is not how we are selling it.
Again, I'm not being defensive, I'm being factual and I desire the same from all.

If you do not trust me or my veritaseum email feel free to email reggie about the conversion of your tokens.

Yes Masiah is.. I can confirm. Masiah added me to slack and had discussions with Masiah and Reggie via slack channel/ regarding adding a slack bot for auto invites etc..  Reggie had me give info to Masiah. Masiah is part of the Team.



Some backup all i could find with a quick search
https://www.ultra-coin.com/current-analysis/author/24018-masiahmiddleton

 you can enter your *Ethereum address  in the below link..

In the Filter By: (* section) and hit apply. It will show how many tokens you have.

https://etherscan.io/token/0x8f3470a7388c05ee4e7af3d01d8c722b0ff52374

I assume he is, since Reggie hasnt said anything about Masiah speaking in 'we' terms, but youre right to ask. I need it confirmed before i can deal with him regarding swapping my old VERI for new.

Is your product an internet tool or a financial tool, at least at this stage of development, never mind what's your future plan with it? I was comparing your product to something very closely related. Why are you comparing it to the Internet, which is like apple to orange?


The reason why I need to know your extant customer base is to have an assurance (a minimal one) that there is a "floor" to my investment risk. It makes no sense to you because you do not see from my perspective. Bitcoin was not successful within the first 2 years if not with the help of certain group of people that keep promoting it and then an exchange emerging (Mt. Gox) providing price-making to it. A bulk of the adoption took place after the price took off, not when Bitcoin was relatively worthless and useless compare to itself today. When did you start paying serious attention to Bitcoin? Was it in 2013, or in 2009 just when it started? And why?


What I meant by tiny customer base isn't just the number of customers, but also the level of sales that these customers can bring in. Multiple billionaires (or just a couple) bringing in millions of dollars in regular businesses is very good with me but unless this info is coming from you, I cannot speculate.


It is a slander to say I am spreading false information and try lending credibility to said information with passing the CFA exams.

I didn't know Ultracoin was not related to you. I only remember that you were involved in your own coin called Ultracoin several years back and that leads me to think they are the same. Of course I didn't expect anyone to infringe on any trademark and got away with it and thus it did not cross my mind that there could be 2 different Ultracoins. Neither did I expect anyone to use any unique name and did not attach any trademark to it, eventually causing confusion.

By the way, I have the duty to ask questions. I may be misinformed, or uninformed, or make no sense to you, but I don't want to lose my money for any reason. If there are smart questions that you expect to be asked, you can tell me what are these smart questions.

There is no question that doesn't make sense just as there is no stupid question.


I was a trader too. That was precisely why I learned programming to translate my system to an automated one. It wasn't out of fun or curiosity. So it's not all academic stuff. The issue is not whether I passed any exam and thus claim to have any bragging right. The issue is if your presentation is not even understandable to a guy educated in finance along with trading experiences like me, then imagine what is the impact of your presentation to the general audience. And if you do not cater to the general audience, but just specific type/class of clientele, then why bother reaching out to us? And I am very sure that just because a person is UHNW doesn't mean he/she will definitely understand your presentation, as if their net wealth alone makes them much more savvy than others. There are a lot of filthy rich people in my country that don't understand what I understand. And just in case you might misunderstand me trying to spread false information, no. The way I see it is that your presentation represents your marketing. Great marketing will meet great success, even if the product sucks. Bad marketing will meet great failure, even if the product is great. Your product may be great, but I prefer that your idea can be more understandable to the general audience for better adoption, as I've said before.

My suggestion on polishing your presentation is with good intent. Don't be overtly defensive. Nobody is perfect.

 

*drops mic

Love ya Reggie! ... you are a pro ... Don't mess with the Contrarian Badass!! ... can't wait to see where this journey for The Truth (Veritas) leads us all!!

I'm all in for Veritaseum Veritas!!!

I believe I answered all of Tone's questions completely, at least those questions that I was present to answer. I made it clear to him I had a call at a certain time, and that call came in. I've known Tone for some time now, and he's a good guy... but, be aware that his claim to fame is as an anti-altcoin contrarian. That's what he does, and that, in part, is why people tune in to him. The other reason they do so is because he does do his homework, and I respect him for that.

* Reggie described the project as if it is a non-standardized service platform, which if that's the case then I believe the usage would be extremely limited.*
Is the usage of the Internet extremely limited because the content is non-standardized? I doubt so. You have to retrain your thought processes to understand the power of autonomy and freedom.

*Reggie shifted his project from Bitcoin blockchain to Ethereum blockchain because of regulatory concerns.*
That's not true.

*What regulatory concerns would impair the Veritaseum project and why is that so?*
CFTC regulation of bitcoin, and the potential interpretation of Dodd Frank and SEF registration.

*I am still unclear of Reggie's regular customer base because this is very important to gauge the existing value of the Veritas tokens.*
This makes no sense, or at the very least is highly discriminatory. What was the regular customer base of Ethereum when they launched their crowdsale? How about Bitcoin? The most successful token sales didn't have an extant customer base at launch, or even a year after.

*If Reggie's customer base before Veritas existed was tiny, then it's very likely the ready market of potential customers to actually buy Veritas for Reggie's researches would be very very small too, thus limiting the price appreciation and adoption of Veritas tokens.*
This makes no sense either. Suppose my customer base was small (as it was compared to many newsletters) but contained multiple billionaires, family offices, central banks of developed nations, etc.? Which it did.

*Has Reggie answered the interviewer's unanswered questions in the 2nd half of the video, or are they remain unanswered?*
I answered all questions, in full detail, that were asked of me directly. I can't answer questions that were asked in my absence, and I made it very clear to all who interview me that I will not engage in conversation of regulatory law or regulations in public. There is simply no upside to it.

*Ultracoin historical price chart is basically a failure and most likely no longer recoverable. What will Reggie do to stop the same pricing destiny from happening to Veritas?*
You are apparently misinformed. Ultracoin was the moniker for a P2P value trading platform. It did not have a token itself that traded at all, not to mention a "historical price chart is basically a failure and most likely no longer recoverable". You are spreading false information and then attempting to lend credibility to said information with the assertion that you have passed a CFA exam. You would benefit the community more if you paid more attention to detail. There was an altcoin called Ultracoin that had no affiliation to us, whatsoever, and a cursory glance at both of us easily revealed that.

*I strongly believe Reggie needs to polish up his way of explaining things to make it more understandable to those who are not financially-inclined. Even I have a hard time trying to fit all the jigsaw pieces together without the need to ask for more questions.*

That is because you (a CFA candidate, and a programer) are not the initial target market for the project. We are looking for buyside institutions, UHNW and family offices in the beginning. None of this leads us to believe that we should hone the message more to that  of a CFA candidate. As we gain traction, we want to broaden the net, hence will soften and diversify the message some, making it more palatable to the typical lay person. As for now, this is targeted professional's tool.

How do you come to the conclusion that we have nothing to show for it? Seriously! We have fully functional beta (running in the wild for 3 years as on open beta that generated revenue through disparate user base) in addition to multiple patent applications with priority dates that predate everyone that we know of - and that seem to be fertile ground.

We set up the Etherdelta VERI ticker as an experiment. Please be aware that Etherdelta has very little traffic and liquidity, and no ability to trade for fiat, hence the trade results there will be very different from something like Kraken or Bittrex, or even Poloniex. Fiat is how nearly 99% of new users onboard exchanges, and I'd suppose that 85% of experienced users onboard exchanges through capital gains from BTC, ETH or DASH.

Etherdelta will not reflect any or this liquidity or demand. In addition, I'm petitioning the sell side institutions. If I, my staff or agents succeed, then the volumes you currently see in even the biggest exchanges will fail in comparison.

The Augur report has been completed for weeks. It's waiting my final QA, but we've been absolutely swamped due to allowing users to purchase Veritas manually. Over 4k in total transactions, and about 3/7th manual. A 3rd of those didn't read the directions and the cue has grown significantly. Anybody who sent us ETH timely will get their tokens. If you insist on sending ETH to the manual address after we have clearly (and we have, clearly) indicated that the initial sale was over, then you should consider the ETH you sent in a donation. It takes manpower to return the ETH, and we cannot do this indefinitely. as of the end of the week, we will no longer return ETH arbitrarily sent to that deprecated manual address.

I will release the Auguer report early next week. The Ripple report is asking some very hard hitting questions, and we are awaiting the CEO's response. Dash will be following Ripple, and the core dev team CEO has been very cooperative.

We are, and plan to remain, blockchain agnostic. Since we do not make or sell blockchains, we do not want to pin our success to that fight. We choose the best prospects, and as resources permit we will push to go cross chain.

Is the user "Masiah" part of the team? Can you confirm Reggie?

I was looking at the Dash interview of Erik Voorhees and his description of Shapeshift on YouTube- https://youtu.be/8geYzLwKes8
This is a comment that I left…..

I would love to have you interview me. We've implemented the exact system that Prism seems to be espousing... but 4 years ago, reference https://blog.veritaseum.com/current-analysis/1-blog/93-translating-goldman-sachs-2015-recommendations-as-ultracoin-trade-setups-pt-3. We are also doing a full forensic analysis of Dash - the network, investment opportunity for Masternode holders and the token. We've even interviewed the core dev team CEO... twice. See what we've done with This is here http://veritas.veritaseum.com/index.php/16-the-gnosis-gno-forensic-analysis-and-valuation-report-our-inaugural-digital-asset-research-release
Augur will be released by Monday, end of day and Ripple the following week, followed by Dash. The only way to access these reports is through Veritas.

I watched the interview also.  My views:

1.  The quality and level of discussion did not lead me to believe that Tone held a negative view of Reggie or Veritaseum;
2.  A non-standardized service platform would also infer that the tool can be shaped into a form that is usable by the client for various scenarios.  Reggie's view seems to be very broad, i.e. the future of money.  The view presented here thinks flexibility in the tool is a detriment, and will severely limit popularity?  Polar opposite views on Veritas' future. It is important to note that the Veritas software already exists and was used previously.  Reviews seemed to be very positive at the time.  Past performance is a good predictor of future performance.
3.  Have you noticed the trend in regulation seems to be gov'ts are stepping aside and letting virtual currencies happen, even adopting them?  How effective would onerous regulation be?  If there are locales that are trying to attract this sort of venture it might make it tempting to locate offshore should regulations become too onerous in one jurisdiction?  If Bill Gates says nothing can stop Bitcoin (blockchain), is he inferring regulators will have stepped aside as well?
4.  Businesses shrink and grow all the time.  Some think nothing is more powerful than an idea who's time has come.  Some people think that of Veritas.  Time will tell.
5.  I did not see any attempt to duck questions, I saw the same video and witnessed the technical issue where Reggie dropped off.  I am sure at some point the interview will be finished, if only to quell this concern.  But I didn't see it as an attempt to run away from tough questions.
6.  I can't even find a decent ETH/CAD chart.  I have seen in this thread, offers by mgt to swap the older tokens for the new ones.  No failure there. This is a new industry, and with growth I am certain we'll see better charts for all the cryptos.  Pricing destiny can only be controlled by focusing on the fundamentals of the project.  

timely article referencing above: http://www.thedailybell.com/news-analysis/warning-government-is-in-danger-of-going-extinct/

I cannot answer on behalf of Reggie. Hopefully he will respond.

Just to be clear: It is important to question and do one's own due diligence. However, for some to call it a scam purely based on that video is a stretch of the imagination. I was also in reference to bought and paid for opposition against crypto tokens in general. Either that or those are the dumbest trolls around.

In addition, I was not referring to Tone Vays or anyone who share his views as being bought and paid for or the dumbest trolls around. However, I certainly don't agree that all of his concerns are valid. It is no secret that he is extremely bias on the back of his propensity to lean towards bitcoin at any cost. E.g. Veri tokens do not represent shares, stock or ownership in Veritaseum, Inc., so to drag Netflix into the equation is a bit of a stretch. In addition, just because Reggie chooses to protect Veritaseum, Inc. against certain risks via the Terms & Conditions and Purchase Agreement, do not automatically mean that he intends to use it as a means to defraud us while he enjoys protection. In fact, Reggie has made it abundantly clear that this is a high risk venture. If one has little appetite for high risk and the potential high losses/rewards that come with it, then it is best not to buy or own VERI tokens - tokens that can be exchanged for products and services of Veritaseum, Inc.

Reggie will not answer all of your questions, because it might give away too much to the competition.  

"I strongly believe Reggie needs to polish up his way of explaining things to make it more understandable to those who are not financially-inclined" - I beg to disagree.

I could add more, but the above should suffice.

You can still find the instructions for adding the custom token here:

https://blog.veritaseum.com/current-analysis/1-blog/225-veritas-2017-crowdsale-step-by-step-instructions

(best to get it there than to rely on this post)