Quote from: toknormal on June 28, 2017, 10:09:04 AM

Can anybody fill me in on the coin supply story with Veritasium ?
I've heard 100 Million and I've heard 2 Million (on coinmarketcap.com).

This has been extensively discussed earlier in this thread. If you have an issue with the marketcap reported by coinmarketcap.com you should contact them. Reggie has said repeatedly the Crowdsale for the token was equal to a gift card, he has steered this ship well. You can exchange VERI for services from Veritaseum. There would be no reason for them try to make existing tokens worthless and the token supports 18 decimal places which shows that fractions of VERI are intended for usage in the future.

The crowdsale was used to raise funds, which are used to build the Veritaseum software ecosystem. The token is not a share, or investment. It is a software object that is used for accounting the services you purchase.

Reggie has offered to refund crowdsale purchases for buyers that did not understand the use of the VERI token.

If you are looking for an investment, VERI is not for you. It is software to access services.

Sovereigns, large banks and hedge funds looking at this software will buy to use as intended; to purchase services from Veritaseum. For instance a bank buys a 5,000 seat subscription to the Wall Street Journal. Those papers are for business. Managers, analyst etc read them every day.
Those 5,000 new readers will be included in the circulation numbers for the paper, and it just isn't reasonable for them to take those papers out to the street corner and sell them in competition with street vendors. The VERI tokens are similar, you buy them because you are interested in the services that Veritaeseum offers. Reggie will expand the company and offer more services, that is his job to make you want services. Just like Steve Jobs worked to make you want an iPhone and other Apple products and services.

If you looked at business margins, the money is definitely on the side of software and services. Hardware is only profitable at a huge scale and is in a race to the bottom thanks to Moore's law in computing. Hardware margins always get squeezed - software and services are much much easier to make profitable.

This is why Bill Gates railed against the early pirates of his BASIC programing software which he sold. Piracy was theft of an easily copied digital product. The Blockchain reverses this and assigns value to the software objects, duplication or piracy is not possible.

Microsoft becomes more valuable the more copies that are shipped, this is the network effect just like the internet expanded exponentially. Reggie is building a platform. The more it is used the more valuable the services become. If you bought 100 tokens in the crowdsale, maybe you don't need that many. Maybe you sell half, the tokens are exchangeable for the services on that platform. You still have 50 VERI tokens and when you look at the what services cost, the 18 decimals places will work to your advantage.

Craig Newmark who created craigslist tried to pitch the idea to the editor of a newspaper. They refused it. Digital disruption has happened repeatedly in modern times, what is surprising is that so many people believe their industry or company cannot be disrupted. One of the reasons Facebook has been so aggressive in acquisitions is that they are trying to maintain market dominance; for them a Billion dollar takeover another company buys them breathing room as well as access to technology they may not have invented.

Goldman Sachs, JP Morgan & Barkleys are all ripe for disruption. The agile companies will adopt the new tools. Obstinate ones will be fenced out of a growing market. Blockchain is disruptive. If you believe this and that the pattern of disruption will continue you'll want to be a part of it.