The Veritaseum first generation platform was really good. The ability to take a position on any equity, and even short one equity vs another were well handled. It also allowed positions in fractions of a bitcoin so for pocket change you could test theories. With all the trades handled on the blockchain, there was no counterparty risk. The other side of the trade was locked in.
I vaguely remember hearing about that in the past, but it didn't really catch my attention at the time. Before it's time?
They already had a functional platform on Bitcoin. Ethereum is easier as it has contracts and a shorter block execution time. I believe that the work on the html client for bitcoin will be or has been refactored for the ethereum tokens.
The faster they can demonstrate the platform on Ether, the better. I think I heard Reggie say they planned a beta by the end of 2018. I hope they're able to release something sooner than that, or I fear 1 1/2 years from now may be a bit late.
Reggie has been making some very prescient calls. I believe he has demonstrated remarkable flexibility in adopting bitcoin, and making the decision to use Ethereum. If he builds the platform it will be used.
I've been aware of his name for some time, but I have to admit I haven't been following his work. I watched several of his Youtube videos last night, and found them helpful in getting up to speed on all this. The videos I found are here:
https://www.youtube.com/user/BoomBustBlog/videosI would not call raising 11,971 ethereum weak interest, Reggie has already pointed out valuing tokens based on market cap and calculating this around total tokens is completely missing the valuation requirements for these items. I would rather see this start slow and grow interest based on a functional platform. Reggie has stated that after the initial token period they will take investments from banks and other players.
I believe that the curated research will be actionable for Veritas token holders, and that the platform will be quite popular. To access the research you will need tokens. I assume the platform will require them as well. This will set the demand.
I would recommend that anyone on the fence take a look at Reggie's positions in the past. I believe they demonstrate sound analytical ability and discernment.
My opinion is that ICOs for crypto tokens have usually been significantly discounted to their future value. Ethereum was ICO'd at 1 BTC = 2000 Ethereum...
Nothing ventured and nothing gained.
Thanks for your well thought-out post.
I looked into Ethereum before it was released and seriously thought of getting into it, but I didn't. Oh well.
I'm still considering how much I'll put into the Veritas ICO and waiting for ETH to pull-back a bit to get a better price.