Quote from: toknormal on July 05, 2017, 10:14:34 AM

Quote from: paulmaritz on July 05, 2017, 09:51:36 AM

Whatever tickles your fancy. Now go cry a river! Cry

With the recent rise, I'm into this asset well into 5 figures now. I have no conflict of interest in making my case, in fact I'd be more conflicted by not making it. But I invested based on fundamentals, not some stock market 'trick' that came and infected the decentralised world of freely traded digital assets.

Here's the deal why the blockchain-supply is under-reported and why Veritasium's short term viability at least depends on it:

1. Traders make valuations based on marketcap, not coin-exchange rate

2. As such VERI's low marketcap looks extremely good value for new buyers because it's still below such benign offerings as Bytecoin etc al, even with the recent doubling of the last 24 hours

3. However, the small "reported supply" is not the real supply since new OTC trades are supplied from Reggie's 'wallet', not from the coinmarketcap.com reported quantity

4. If the full (blockchain issued) supply were to be correctly reported, what would happen ? You'd see a ranking like the one I posted earlier and an associated market correction since it would be unlikely to give a single token offering a higher valuation than the entire Ethereum blockchain coin supply

What Reggie is doing is making tactical use of marketcap reporting in order to price the non-ICO token supply based on the tiny ICO portion. Ok, it's one marketing strategy (and is working so far) but it should be transparent and not hidden behind some "we don't understand institutional markets" nonsense.

Traders are not my core consituency, and frankly we don't care about what they want. Utility seekers and long term network effect value consumers are who we cater to.
The supply in "Reggie's wallet" is actually likely to fall short of demand in the medium to long term if we succed in getting counterparties and utility seekers to recognize the true value. You are thinking in terms of crypto traders, and not in terms of those looking to build multi-generation spaning value creation through utility consumption. The more that comes out of "Reggie's wallet" the more value the entire platform becomes. I know this is the antithesis to what you have been taught and told about equity investments, but this is not an equity investment, it is programmable, distributed "smart" software.

With the acquisition of the top three global exchanges, one can easily justify a valuation in excess of a multiple of the Ethereum platform. Ethereum is simply a platform upon which more advanced applications are written. Google shares are worth more than TCP-IP packets sent back and forth through the internet, right?

What Reggie is doing is pricing the tokens according to the value that end users believe they are worth.