Reggie should have done the paper since the start instead of now to allay all the FUD.
"The centralized software platform is designed to cater to existing institutions that are not prepared to take the full leap into distributed capital markets systems."
What if the institutions are finally ready to be fully dedicated to distributed capital markets systems? Will that make Veritaseum less significant?
Suggestion:
Reggie should not focus too much on the needs of the institutions as the sole source of adoption.
Instead, as Reggie is competent in structuring customized deals, he should also take the opportunity to structure deals that are standardized/off-the-shelf to cater to the non-institution community at large, where everyone (you and me) can conveniently use for their financial/investment needs right away, to generate the 2nd source of adoption and grab additional market share.
In this way, Reggie doesn't need to wait for the institutions to be ready to take the plunge into cryptocurrencies for Veritaseum to take off. Veritaseum can take off asap if its platform is commercial-ready with a handful of standardized structured deals that the community can trade right away. Such standardized structured deals can be the "main block" of a deal/need, or smaller "building blocks" for savvier users (be it from institution side or community side) to combine into a "main block" for slightly more customized deal/need.
Somehow this may allow evolution into much higher community participation that uses the platform for their own structured tokens, i.e. financial engineers, fund managers, analysts, etc can use the "building blocks" to structure their own deal and then veritize such deal. It would very much be like independent project teams making use of Ethereum's smart contract system to issue their own ICO/token with specialized uses/purposes. In my opinion, this will actually help Veritaseum to be very broad-based with very high financial and economic functionality. Not only will Reggie no longer needed as a "key man", but Veritaseum would also be formidable on its own.
The price should be very bullish (even by crypto standard) if my suggestion is implemented, in my opinion.
"The centralized software platform is designed to cater to existing institutions that are not prepared to take the full leap into distributed capital markets systems."
What if the institutions are finally ready to be fully dedicated to distributed capital markets systems? Will that make Veritaseum less significant?
Suggestion:
Reggie should not focus too much on the needs of the institutions as the sole source of adoption.
Instead, as Reggie is competent in structuring customized deals, he should also take the opportunity to structure deals that are standardized/off-the-shelf to cater to the non-institution community at large, where everyone (you and me) can conveniently use for their financial/investment needs right away, to generate the 2nd source of adoption and grab additional market share.
In this way, Reggie doesn't need to wait for the institutions to be ready to take the plunge into cryptocurrencies for Veritaseum to take off. Veritaseum can take off asap if its platform is commercial-ready with a handful of standardized structured deals that the community can trade right away. Such standardized structured deals can be the "main block" of a deal/need, or smaller "building blocks" for savvier users (be it from institution side or community side) to combine into a "main block" for slightly more customized deal/need.
Somehow this may allow evolution into much higher community participation that uses the platform for their own structured tokens, i.e. financial engineers, fund managers, analysts, etc can use the "building blocks" to structure their own deal and then veritize such deal. It would very much be like independent project teams making use of Ethereum's smart contract system to issue their own ICO/token with specialized uses/purposes. In my opinion, this will actually help Veritaseum to be very broad-based with very high financial and economic functionality. Not only will Reggie no longer needed as a "key man", but Veritaseum would also be formidable on its own.
The price should be very bullish (even by crypto standard) if my suggestion is implemented, in my opinion.
Dorkie - I like getting your perspectives because you're a smart guy but you can be a bit critical at times. Let's look at the positives & give some credit where credit is due - Reggie's put some really great stuff out there & it's clear that he & the VERI team have been working extremely hard behind the scenes. Was aware of the good efforts the devs had been putting into the VeDAIR (bc Reggie had been posting the latest editions & updates to Twitter so that didn't come as a huge surprise), but the analysts have clearly been kicking it into overdrive - I had no idea they had analyzed as much as they have - in fact, the analysts are perhaps the part of this project that has me the most excited - if they're really accurate, the bots are going to be very effective & generating phenomenal yields. With their proven track record (macro & micro-economic) of the last 15-20years there's nothing to suggest otherwise. This should finally silence that paid lighthouse fudster smear campaign. The video is a nice personalized picture in terms of how Reggie builds his relationships & I think it speaks volumes to the type of man he is. The Jamaican Minister certainly has a lot of faith in his abilities & is very passionate about the future of VERI & it's abilities to propel Jamaica to the next level. Very inspiring seeing Mr. Shaw speak with Jamaicans & their enthusiasm for the fiscal direction of their country. He's not your typical bureaucrat. Totally charismatic guy who knows how to relate to people - I wish more politicians were like him. Jamaica is certainly headed in the right direction with forward thinking people like him guiding the ship & I can't help but feel the country is destined for some really great things. I'm excited about the VEDAIR, VERI Rental machine - this interactive research is cutting edge stuff... makes me really excited to be part of this developing story. It'll be fascinating to see all of these VeTokenized items on an exchange for the first time! - flour mills, hotels, real estate properties, etc. Reggie has me inspired & I can't wait to see the unfolding VERI story - he understood the possibilities of blockchain 5years ago when he filed all of those patents & I had no idea what he was describing when I watched videos at the time but it was clear that he was onto something big & I knew he was going to go on to do great things. The more I learn, the more excited & inspired I become!! It's a totally ambitious project, but if there's anyone who can pull this off, it's Reggie.
I think Reggie mentioned that VERI has a centralized & a distributed (decentralized) solution. My take was he's starting with the centralized JSE/VERI system (since that's what institutions are used to/ comfortable w/ & doesn't require much of a leap) but when they're ready for the next step, he'll have the distributed solution available & ready to implement. That's the ultimate goal, but it'll take some time to get there - Reggie understands this. He's thinking 5 steps ahead & flexible to adapt/adjust as the need arises (as evidenced by his move from btc blockchain to eth blockchain already - not an easy task to move chains, but he & his team have done it).
All that said - you do make a good suggestion & I know Masiah follows the threads - so I'm sure he'll pass your ideas on to the big guy who will give it due consideration.
A big day for VERI! Keep up the great work Reggie & Co - you're making us HODLers proud!!!
Wow...very well said! Thanks for giving your perspective.
With precedence of noteworthy institution(s) comes advanced credibility, and likely eventual fodder for the pack to follow. Who’s to say even greater things are not in the works!! … meditating on this gets me energized about the possibilities.
