VERITASEUM DISCUSSION THREAD - page 183.

Dorky

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Quote from: Ebrelus on May 23, 2017, 05:41:39 PM

In the Tear Sheet document you can find informations about use of digital assets. 51 million is only a maximum amount. There will be quite heavy part dedicated to institutions. There surely won't be so great amount in actual use. Also redeeming process will be a mechanism for Veritaseum to manipulate price in favour of better development of the platform.

How many ppl actually translated these documents: Tear Sheet and Pathogenic Finance?

Here is Polish versions of Tear Sheet and Pathogenic Finance if anybody would have opportunity to spead it.

What about this total supply of 100m?

Dorky

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Quote from: AltCity on May 23, 2017, 03:36:01 PM

Quote from: Dorky on May 23, 2017, 01:04:07 PM

Tell me, what are the things that can stop Veritas' market cap from breaching $10 bil?

I've run some numbers, I won't publish them because there are too many variables. I believe the crowdsale is sound and a bargain at this price. The capital that Veritaseum has raised will be used to build the platform and DAO. More capital in ether at the start; the faster the platform can deploy and work for the token holders.

Tying this to a fiat currency is also difficult, look at Venezuela, they have run away hyper inflation and forex controls.

I agree the faster they can deploy the platform the better, but they will only have the beta in 2018 and launch the real one in 2019.

I am afraid by that time Bitcoin would go way much higher (based on what I know) that it may not be as profitable (if not more) investing in Veritas compare to Bitcoin.

Ebrelus

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Quote from: gerb on May 23, 2017, 04:23:43 PM

Quote from: AltCity on May 23, 2017, 03:44:30 PM

Quote from: gerb on May 23, 2017, 03:27:10 PM

1 ETH = 30 VERI

What would happen to the rest of VERI not sold?

Right now they sold 23,938 = 718,140 VERI

Is there a minimum cap required?

The address to see tokens issued from ether is here https://etherscan.io/token/0x8f3470a7388c05ee4e7af3d01d8c722b0ff52374?a=0x82c48875c17ee5812f909a9d75c0f64f7a8719fe

There was a bonus in the first days of the token issuance, currently 866,021 veri have been distributed.

The remainder that are unsold are retained by veritaseum. It is understood that these will be offered to large investors at a future date - as the VERI are the only way to access the research and services.

While other tokens have been issued in the crypto currency space with burns at the end of an ICO. I believe that by retaining these after the initial sale this is a demonstration that the company will be able to raise cash to cover burnrate and service interested parties that wish to acquire the VERI after they are demonstrably useful.

Thanks for the answers, but for future offerings they have the remaining 49M, no?

In the Tear Sheet document you can find informations about use of digital assets. 51 million is only a maximum amount. There will be quite heavy part dedicated to institutions. There surely won't be so great amount in actual use. Also redeeming process will be a mechanism for Veritaseum to manipulate price in favour of better development of the platform.

How many ppl actually translated these documents: Tear Sheet and Pathogenic Finance?

Here is Polish versions of Tear Sheet and Pathogenic Finance if anybody would have opportunity to spead it.

gerb

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Quote from: AltCity on May 23, 2017, 03:44:30 PM

Quote from: gerb on May 23, 2017, 03:27:10 PM

1 ETH = 30 VERI

What would happen to the rest of VERI not sold?

Right now they sold 23,938 = 718,140 VERI

Is there a minimum cap required?

The address to see tokens issued from ether is here https://etherscan.io/token/0x8f3470a7388c05ee4e7af3d01d8c722b0ff52374?a=0x82c48875c17ee5812f909a9d75c0f64f7a8719fe

There was a bonus in the first days of the token issuance, currently 866,021 veri have been distributed.

The remainder that are unsold are retained by veritaseum. It is understood that these will be offered to large investors at a future date - as the VERI are the only way to access the research and services.

While other tokens have been issued in the crypto currency space with burns at the end of an ICO. I believe that by retaining these after the initial sale this is a demonstration that the company will be able to raise cash to cover burnrate and service interested parties that wish to acquire the VERI after they are demonstrably useful.

Thanks for the answers, but for future offerings they have the remaining 49M, no?

azmojo

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Quote from: gerb on May 23, 2017, 03:27:10 PM

1 ETH = 30 VERI

What would happen to the rest of VERI not sold?

Right now they sold 23,938 = 718,140 VERI

Is there a minimum cap required?

I thought I read somewhere that they have the funds they need to fund all of the development.

AltCity

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Quote from: gerb on May 23, 2017, 03:27:10 PM

1 ETH = 30 VERI

What would happen to the rest of VERI not sold?

Right now they sold 23,938 = 718,140 VERI

Is there a minimum cap required?

The address to see tokens issued from ether is here https://etherscan.io/token/0x8f3470a7388c05ee4e7af3d01d8c722b0ff52374?a=0x82c48875c17ee5812f909a9d75c0f64f7a8719fe

There was a bonus in the first days of the token issuance, currently 866,021 veri have been distributed.

The remainder that are unsold are retained by veritaseum. It is understood that these will be offered to large investors at a future date - as the VERI are the only way to access the research and services.

While other tokens have been issued in the crypto currency space with burns at the end of an ICO. I believe that by retaining these after the initial sale this is a demonstration that the company will be able to raise cash to cover burnrate and service interested parties that wish to acquire the VERI after they are demonstrably useful.

AltCity

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Quote from: Dorky on May 23, 2017, 01:04:07 PM

Tell me, what are the things that can stop Veritas' market cap from breaching $10 bil?

I've run some numbers, I won't publish them because there are too many variables. I believe the crowdsale is sound and a bargain at this price. The capital that Veritaseum has raised will be used to build the platform and DAO. More capital in ether at the start; the faster the platform can deploy and work for the token holders.

Tying this to a fiat currency is also difficult, look at Venezuela, they have run away hyper inflation and forex controls.

gerb

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Activity: 468

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1 ETH = 30 VERI

What would happen to the rest of VERI not sold?

Right now they sold 23,938 = 718,140 VERI

Is there a minimum cap required?

azmojo

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Activity: 476

Merit: 251

Quote from: Dorky on May 23, 2017, 01:04:07 PM

Tell me, what are the things that can stop Veritas' market cap from breaching $10 bil?

You aren't seriously expecting a response are you?

Dorky

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Quote from: dave3 on May 23, 2017, 11:11:20 AM

I'm not sure about ShapeShift. When I exchanged my BTC for ETH, I used Bittrex, and then transferred the ETH to MyEtherWallet to purchase the VERI tokens.

I'm pretty sure there's no way to buy the Veritas tokens directly with bitcoin, unless maybe you're an institutional investor wanting to buy a large block (where they might be willing to do the transaction manually if it's worth it for them).

My problem with ShapeShift is solved.
Took me several hours to get each transaction from BTC to ETH done but done nonetheless and so I got to buy some Veritas tokens.
I rarely use ShapeShift but I remember the first time using ShapeShift wasn't that slow.
And they say Bitcoin is slow (which took less than 5 minutes for 1st confirmation, fee around 38000 satoshis).

Dorky

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Tell me, what are the things that can stop Veritas' market cap from breaching $10 bil?

jbl888

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Jsnip4 does a step by step for setting up the MyEtherWallet then sending your ETH and buying VERI

https://youtu.be/tyh-6YQRPyE

dave3

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Quote from: Dorky on May 23, 2017, 12:48:13 AM

I can't believe Reggie is here. He's like a celebrity in the world of finance.

Anyway, I want to know what is the possibility/likelihood of your ex-CTO (Matt Bogosian) becoming a future contender of Veritaseum by having a similar product/service of his own since he was the one that engineered Veritaseum?

Edit:
I tried to buy some of your Veritas token through ShapeShift and so far I am still "Awaiting Exchange". I can't even do any simplified nor automated process to get your Veritas token and I am afraid even though I still have > 2 days left that ShapeShift may give me unwarranted problems.

I wonder is it possible for me to buy your Veritas tokens with Bitcoin instead? At least my Bitcoin deposit to ShapeShift took just less than 10 minutes. The remaining seemingly endless hours of "Awaiting Exchange" is with ShapeShift's unknown problem getting Ethereum for me. I don't mind some price variation between Bitcoin and Veritas.

I'm not sure about ShapeShift. When I exchanged my BTC for ETH, I used Bittrex, and then transferred the ETH to MyEtherWallet to purchase the VERI tokens.

I'm pretty sure there's no way to buy the Veritas tokens directly with bitcoin, unless maybe you're an institutional investor wanting to buy a large block (where they might be willing to do the transaction manually if it's worth it for them).

AltCity

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After reading the Gnosis valuation report and doing some research, I believe that you will find that a DAO will be able to capitalize on this valuation analysis and be quite profitable. I understand that there is a style to these reports and based on some of the comments I've seen from Reggie I'm quite excited.

Whether a report is bullish or bearish, the mechanics are out there to profit from long and short trades. The value of something like a DAO, is that it can abstract some of the mechanics where they are complex and as automation such as APIs are in place, the human delay, and overhead is removed.

I think the analogy of API is going to be replaced though, something like calling it a Blockchain or Smart Contract Interface (BCI / SCI) is more apt as the value transference is what is distinguishing (I am including miner fees and Gas in this definition as they are value), API's mostly have been publicly exposed and zero cost. In this new methodology, creating the BCI or SCI can be self funding based on the usefulness of the information.

They more I think about it the cost of Ether is irrelevant as this is the on-ramp; you're waiting for a train, converting fiat value to the blockchain is your ticket—can you imagine where we're headed?

azmojo

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Nevermind. Figured it out.

jbl888

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MyEtherWallet is the way to go to buy Veritas.

Set up your MyEtherWallet wallet ... then send your ETH to it ... then exchange 1 ETH for 30 Veritas

Here's the step by step ... first time is a little choppy ... then it's really easy the second time through ... then you have so much fun you want to exchange every ETH for VERI

http://veritas.veritaseum.com/index.php/10-veritas-2017-crowdsale-step-by-step-instructions

Dorky

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I can't believe Reggie is here. He's like a celebrity in the world of finance.

Anyway, I want to know what is the possibility/likelihood of your ex-CTO (Matt Bogosian) becoming a future contender of Veritaseum by having a similar product/service of his own since he was the one that engineered Veritaseum?

Edit:
I tried to buy some of your Veritas token through ShapeShift and so far I am still "Awaiting Exchange". I can't even do any simplified nor automated process to get your Veritas token and I am afraid even though I still have > 2 days left that ShapeShift may give me unwarranted problems.

I wonder is it possible for me to buy your Veritas tokens with Bitcoin instead? At least my Bitcoin deposit to ShapeShift took just less than 10 minutes. The remaining seemingly endless hours of "Awaiting Exchange" is with ShapeShift's unknown problem getting Ethereum for me. I don't mind some price variation between Bitcoin and Veritas.

housebtc

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Four days to go and around 15kEthers have been raised, I think the fund will exceed 20kEther because some ICO flipper will look to join the ICO late

jbl888

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Quote from: dave3 on May 22, 2017, 02:18:33 PM

jsnip4 talks about the Veritaseum ICO.

https://www.youtube.com/watch?v=GLGydNkIUAc

Was just watching ol Jsnip talk about Veritaseum too ... word is getting around ... Bix Weir (www.roadtoroota.com) mentioned it on the "Hump Day with Bix Weir" on the "Rogue Money" You Tube channel a couple of weeks ago (5/10/17)

https://www.youtube.com/watch?v=6kA--8Vstzg

Bix talks about Veritaseum @ 25:00 mark

PANCrypto

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Quote from: AltCity on May 22, 2017, 02:04:16 PM

Quote from: PANCrypto on May 22, 2017, 01:54:26 PM

Struggling making a decision I believe in Veritas but I'm holding my ETH like new born babies

Blockchains are the value transference mechanism that demonstrates the intent of open source, with exposure of the public ledger and the exchange of value.

Smart Contracts are the new API and through Blockchains allow the publishing and use of information, with built in value transference.

Ignore the daily exchange rate. Understand that value transference capability, and then that platforms will be built on top of these chains and that you play this long game by holding the primary units (BTC, ETH) or the tokens upon those blockchains. The tokens are going to have a much wider up and down. This is where Veritaseum adds value.; through analysis and the DAO.

Thanks, bought myself some VERI tokens

Topic: VERITASEUM DISCUSSION THREAD - page 183. (Read 251011 times)