Post
Topic
Board Announcements (Altcoins)
Re: VERITASEUM DISCUSSION THREAD
by
AltCity
on 27/06/2017, 16:30:08 UTC
Bix is probably basing this idea on Clif High's Web-Bot report regarding Veritaseum. I personally don't understand why high traffic would cause problems for an exchange, because, aren't they designed to handle huge volumes and traffic?...

His comment is that they wouldn't have enough. The float is low 1.9 Million shares any appreciable demand will cause the price to sky rocket, and even with a higher price the volume may be low. The next hurdle is when we cross the 1/1 ratio for ether/veri. Psychologically that is significant. That will take some pressure off the low float / volumes because people will be buying fractions of VERI with ether.

I calculated the Gini Coefficient for VERI (calculated in Veri), currently at 0.9 compared to the USA which is 0.8 and India 0.66 (calculated in 2000 purchasing dollars)
The median holder of VERI has 30 VERI token (probably from original crowdsale 1 ether to 30 tokens). The lower hinge is 4.5 the upper is 148 VERI tokens.

The Gini coefficient measures relative, not absolute, wealth. I'd like to see this number lower through more smaller players taking a stake. Listing on a larger exchange though could cause a lot of the small holders to cash out. I think Bix's comment was that once the weak hands exit, the volume would stay low.

Real price is dependent on the services from Veritaseum, which the token is used to buy. The big whales are sitting on something incredible.