Topic: VERITASEUM DISCUSSION THREAD - page 174. (Read 251011 times)

I think the best exchanges to list VERI to get the most price appreciation are the ones in China.

Reggie,

Do you have an estimate of when VERI will be available on exchanges?

Thanks

Testing EtherDelta as a method of distributing post-Offering Veritas tokens. Anyone intersted in buy VERI please visit https://etherdelta.github.io and let me know what your experience is.

Ahh... got it. Thanks for your quick responses.

Learning curve, and all that!

VeriCoin (VRC) is not VERITASEUM (VERI). Different projects and coins.

Are you sure you're not seeing "VeriCoin" (VRC)?  That seems to be a separate alt coin, not related to VERI.

As far as I know, Veritas (VERI) isn't listed on any exchanges, yet.  But soon.

Hi all

I've noticed on Polo exchange that VERI is trading for about $0.23c

The ICO cost somewhere in $4-$6 range (approx) per VERI.

Have I missed something..? Not sure why it's trading so cheap? Have the ICO buyers lost a huge % to date since 26th May?

Thanks!

If Veritas would fail one day and fall on zero value (just 4 the script) the blockchain would still be working. Right? So former smart-contracts could still be found anytime to proof somebodys rights??

Once one has mastered the capabilities of the VERI system, one could possibly make quite a gig for themselves as a smart contract consultant.  

Lots of opportunity to take personal advantage through helping others learn and use this new business process.

Teaching others how to VERI along you might say.  

VERI safeguards the digital/financial expression of the business relationship between parties.

I'm thinking in some situations, certain items in the contract (like has a certain milestone been reached) would need to be decided by a human being.  So someone would still need to be trusted as a sort of proxy/mediator.

Also, while the VERI smart contract service itself would be priced in VERI, I wonder if the items in the contract could be denominated in BTC or another cryptocurrency.

(I'm just thinking out loud for the sake of discussion.  I don't need an answer.)

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I see. So I am partners in some land that we wish to ultimately develop. I own 60k out of 225k shares, another guy owns 15k shares, another person owns 50k shares, and another party has 100k shares. Shareas are $1 each. $200k went to the seller of the land (through the title company) and $25k went into a bank account for expenses. How could we have used VERI for this transaction or this partnership? How does it get tokenized?
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225K shares.  $1 apiece.  $225,000.00.  Say for the sake of argument ETH to VERI @ $10 ea.  

Initially you would have changed fiat to 22,500 ETH to VERI tokens which each of the owners used to pay the seller..  You would have had to arrange for the seller to accept VERI as part of the agreement (which they could then turn into ETH then fiat at their convenience).

You hold 26.6666% share of the land.  Others hold  44.4444%, 22.2222% and 6.6666%, and there is 11.1111% is held in escrow for expenses.

Milestone activities are allocated resources as expenditure milestones, tokenholder agreements, rules for expenditure and operations, terms of reference etc. TBD. are embedded (with the money) in the smart contract.

Anything wrong with this?  BTW Dorky I think you're right.

It'll be great once the smart contract software is public and people active in this space can devise specialized business arrangements.

What you are trying to say generally is that everything can be commercialized for investment value/return?

And of course such commercialization will be powered by the Ethereum blockchain whereby counterparties don't need trust to have a valid deal nor need lawyer to have recourse in case of scam?

And this part where trust and lawyer are not needed (to have valid deal and in case something screws up, compensation will be automatic) will be provided by Veritaseum software?

Am I right?

I see. So I am partners in some land that we wish to ultimately develop. I own 60k out of 225k shares, another guy owns 15k shares, another person owns 50k shares, and another party has 100k shares. Shareas are $1 each. $200k went to the seller of the land (through the title company) and $25k went into a bank account for expenses. How could we have used VERI for this transaction or this partnership? How does it get tokenized?

The possibilities are almost endless.

VERI for doctors, lawyers, indian chiefs.  Any real and successful business owner could use it.  The effect here is to tokenize business equity for trade, purchase or sale. 

The VERI medium where they conduct business is attractive also as a speculation on their VERI investments maintaining or increasing their value vs. holding fiat.  Great for professionals wanting to sell their businesses with retirement in mind. 

Demographics today would find this timely.

Veritaseum could be a really good thing if one owned a visibly popular business with a lot of customers and wanted to retire.  A lot of potential micro investors.  Business owners could outline their succession plans and tokenize the business.  I know a successful furniture store owner who could use this, many people like him own these businesses but can't find the 1 individual to purchase the business outright.  This way they don't need to.

Medical practice liquidity pool
 
Doctors and doctor's practice buy VERI
Doctor's practice redeems VERI to Veritaseum for conducting to create smart contract to tokenize value from practice
 
This system gives doctors materially more liquidity in both their own practices and the market to buy, sell or atomically invest in/divest from other doctor's’ practices
Those doctor's looking towards retirement can have partial and periodic liquidation, and noobs coming in can efficiently buy their way into existing practices or have their new practices funded by experienced veterans.
This effectively is a legal market to trade medical practices and procedure businesses legally amongst other qualified particpants.

I spent the weekend with a bunch of doctors alternatively arguing about Trump and how best to set this up among a bunch of guys with successful practices. We're aggressively looking for practices and investors (ie. wealthy doctors, and private equity) who want to give this a spin. I will make it very easy for them and even subsidize much of it the first time around. As a community, I ask you all to reach out to those who you know and act as Veritaseum's grass roots marketing arm.

I've done quite a bit of research but I haven't watched every video, and I'm not convinced I would find my answer. I get that you can use it for contracts but I don't get how that translates to the real world, say in the example of a doctors office. If I want a physical exam, I would buy a VERI contract for a physical exam? That is where I am having a hard time making the bridge of how a medical office would use VERI.

Ok ... 16 pages of presentations and information and some obviously haven't watched any ... one more time with the presentation below... after watching every YouTube video and reading every chart (especially one that has the $1.635 Quadrillion $$ amount on it) ... that would seem to be the time to ask Reggie questions ... he's put in way too much time and is beginning the equivalent of the re-launch of the internet so please let's do some due diligence before asking Reggie to answer the same questions over and over

 

https://docs.google.com/presentation/d/1FMyNvogofqojqG6nkIjgvvjAnsWs1qOtKUFExvtp_m0/pub?start=false&loop=false&delayms=3000&slide=id.p

I'm having a hard time comprehending why or how, for example, a chain of medical practices would use VERI. Can someone (Reggie or anyone else) provide the elevator pitch for a medical practice chain to use VERI? Realizing that the person receiving the pitch likely knows nothing about crypto...

We sold many more than you quoted, closer to 60k eth or more. We need a large supply of tokens. Remember, they are appcoins and utility software, and a dearth of token supply would lead to an inoperable machine. We have been talking to chains of medical practices, caribbean governments, private equity and hedge funds in a move to get them to trade value via Veritas. Each institution that adopts Veritas raises the value of the ecosystem X times, thereby injecting value into each Veritas. We will not attempt to artificially limit the supply to give an appearance of increased demand. That's scammy. Much more money is to be made by actually increasing value through demand sourced from true problem being solved

Until liquidity improves, most institutions would rather source large blocks OTC  than go through an exchange.