Topic: VERITASEUM DISCUSSION THREAD - page 83. (Read 251040 times)

No, but going to. Will give a review after that.

Dorky have you looked at enigma.co?

Whether some ICO is going to be big or otherwise, isn't dependent on its social values, like developing an all-in-one wallet like Pillar, or doing an all-in-one blockchain app like Status, but dependent on its economic values, like developing a commercial P2P platform catering to a massive market where only the token is used for deals like Veritaseum, or developing similar commercial platform with huge economic value transfer like Populous. Bix Weir in his video recommended Salt several times but I don't believe it will be big, because while Salt caters to similarly massive market, its economic value transfer is very minimal. At the same time its prospect is based on some high potential of pump-n-dump scheme because Salt users can use the token as collateral for more borrowing to buy more Salt token to be used as collateral for further borrowing to buy more Salt... you get the idea, including its extremely large gap in ICO price tiers. Any price appreciation in Salt may very likely to be unsustainable. People that look for ICO just because it's going to be hip, trendy, popular, etc, will more likely to suffer financially. You better invest in ICO with a business mindset in place, regardless of whether it is recommended by Clif High, or jsnip4, or Bix Weir, or Mike B, or anyone else. Clif High recently tweeted Reality Clash ICO, which I checked, is totally not recommended judging by how Pokemon Go craze died out in very short period of time, thus your investment in Clif High's recommendation into Reality Clash may be equally as short-lived. People playing Reality Clash may get killed, knocked down by cars, robbed, etc.

What you want is to invest in ICO that:
1) Caters to commercial market, ranging from huge (multi-trillions) to massive (in excess of 1 quadrillion), AND
2) Creates predominant (100%) or significant (over 50%) economic value transfer from such commercial market to the token holders.

The tokens that fulfill these 2 criteria in some ways and to an extent are Veritaseum, Populous, and Rialto.

Bitcoin and ethereum fulfill both criteria fully well.
Salt fulfills only 1 of the 2 criteria, thus not good enough.
Other popular ICOs like Status, Pillar, Bancor, etc, do not fulfill any of the 2 criteria at all.

Ye i think it will be great, however i still wonder how the token's will return to the market if they are consumed when used, that would quickly consolidate all the tokens back to Veritazium, and fewer and fewer tokens would exchange hands outside the company.

The thing that gets me about Pillar is that immediately after the ICO they posted a contest to design the wallet they said they were planning...  Anyway, maybe it'll be worthwhile sometime in the future... but not for a while.

Reggie Middleton and Veritaseum Co. have put so much work into VERI. Not only is its development way further ahead, it has some tangible elements that other players in the crypto-space don't have. Patents Pending for the P-2-P capital markets, JSE-type deals here/forthcoming, low trading float. Can't wait to watch the Veritization of financial instruments.

VERI's going to be revolutionary.

Ye Pillar seems to be bad investment, i heard comments from the ceo that he dosent like money and that they are in it for the community etc, and volunteering, dosent sound promising for building a business that rakes in the money and give value to the coin, also the Parity hack was a huge blow to Pillar if none, since it highlights the problems with these "safe" wallets, if u get hacked in the future with Pillar, they would steal all your life worth of data, social media etc, aswell as all your money.

With Pillar, not sure why the token would increase in price. At least with some tokens like VERI you can see how holding the tokens is valuable. Not sure I understand why the Pillar token should increase in value.

I went in on Pillar too. Give it time to germinate and grow. You may still get there yet...Remember Veri has been in development for several years unlike Pillar.

I chose to not invest in Veri because of the whole "alot of words but not a super lot said"... man did I miss out.

I chose to invest in Pillar on Clif's recommendation and I love the idea of the personal data locker.... man have I lost my shorts. LOL

Had I invested what i put into Pillar into Veri I would literally be a millionaire many times over....

I'll indulge as well.
I agree that for someone trying to discover what VERI is, it's not easy to ascertain. I don't think it's clearly spelled out anywhere in a concise easy to read format. But when you dig deeper and watch the videos and read every page of this thread and follow the team, you realize that this is something special.

There's a lot of ICOs with a lot of great ambitions. When you buy an ICO though, I think most people are buying into the ideas or business concepts (which is important), but more important is the team behind it. Once the money is raised, what are the devs doing to bring the project to fruition and add value? In the case of VERI, it is nothing short of impressive. Reggie has been non-stop promoting and selling VERI. The JSE deal is huge, and once he gets the ball rolling with a few projects I think they'll be so busy they'll be turning away business that they don't have time for.

We did get a FAQ out of the team, but perhaps the next would be a 1 page "brochure" for VERI.

I suspect you're only here to stir the proverbial, but in case you're genuinely interested to learn more and have missed it, the following is clearly stated on the homepage of their main website: "Veritaseum enables software-driven P2P capital markets without brokerages, banks or traditional exchanges" (https://veritaseum.com). So feel at liberty to take your "giant red flag" elsewhere.

https://www.youtube.com/embed/R8snogdLWSI

8:01-11:55

Cliff High has been shilling this a lot!! But am I alone in thinking this is the murkiest crypto project ever?  I've visited the Veritaseum site and still could not understand what the project was doing. Can someone please just explain what the hell Veritaseum is?  If it can't be explained simply in a few sentences then that is a giant red flag.

It feels like an eco chamber here. Everyone patting each other and licking Reggie's butt everytime he open his mouth.

My Take On the Reggie Middleton (Veritaseum) and Clif High (Webbot) Interview - Epic!
Crypto Blood
https://www.youtube.com/watch?v=YIGyyCozXTY

I found one video, where they discuss Veritazium as it seems to be, no name is used, but it cant be any other topic, it is in the last 10 minutes of the video, but the whole video, and part 1 is worthwhile to listen to.

http://bitraped.com/2017-07-31-cryptocurrency-speculation-scheme-bancor-looks-engineered-to-be-a-planned-failure-interview-with-kevin-lawton.html

The utility value is the value the user of the software have added above the price for the non available Veritas that he needs for using the software, since the losses from not have the Veritas will be higher than paying a premium for achieving to lease them, hence the utility value, it is on the software user side of the business.

Here is a link with both videos, there was a glitch in the editing so it cut off on the first one.

Clif interviews Reggie Middleton ~ Pts 1 & 2 (Video)

http://thedailycoin.org/2017/08/02/clif-interviews-reggie-middleton-pts-1-2-video/

What "utility value" ?

If speculative value based around the words "working closely" garners a market cap of a third of a billion $ and actual "utility value" is zero, then I'd imagine that realistic value is somewhere in between.

They got arrested in the latest darknet bust with scums dealing stolen bitcoins

Guess they got tired of trying to "save" us?