Quote from: swamps on July 18, 2017, 09:40:47 PM

.^^ This dude is hilarious

Here's some more 'hilarious' commentary for you:

Close Brothers plc Marketcap is around 2.6 Billion GBP. The UK monetary base (M0) is around 500 Billion GBP* which would put Close Brothers cap at just below half a percent of that. Close Brothers has 139 years of trading and returns behind it. I cite it simply because it they are a going concern with a measurable value in terms of both marketcap and viability, a long history, comparable trading sectors to the "Clif High" pumps of VERI (securities exchange) and PPT (invoice factoring) and stable both in operation and valuation. They're not huge - they only employ 3000 people, so no Goldman Sachs (34,000 employees).

If you want a comparison at the absolute extreme, take British Petroleum: marketcap is around 114 Billion GBP = 20% of UK M0. (A more realistic monetary base for the UK is M4=around £2.1 Trillion, but being conservative in all appraisals).

Now lets consider the prospect for Token to Coin exchange rate of VERI in this context:

Veritasium marketcap calculated by the most conservative of means is currently around 1.8% of its monetary base (Ethereum) with another 98% of its actual value excluded from this calculation. If we (properly) take the "value contained in blockchain" cap against its native monetary base it's at 100% ! (The reason I use Token-to-Coin exchange rate is because as more fiat denominated capital moves into crypto, some will go to the monetary base and some will go to assets denominated in that monetary base. So the ratio gives us an early insight into whether a particular non-monetary asset is over or under valued by comparing it with its 'price-discovered' equivalents in the legacy sector).

Lets be generous. Let's take Veritasium's value as a proportion of ALL cryptocurrency market capitalisations, in which case Veritaseum's reported marketcap is still around 0.5% of ALL capitalisations. i.e. the same size as 139 year old Close Brothers proportionally. But remember, there's still that 98% of marketcap sitting in the issuer's wallet and is "in circulation" (being the wallet who's contents are currently being traded in OTC trades in order to capitalise the issuer's corporate equity with fiat). When we properly include that in the calculation, Veritaseum's marketcap arrives at a cool:

$21 Billion $USD

i.e. Around 10 times that of Close Brothers plc.

No doubt there is upside for Veritaseum in terms of its dollar value. The more significant question is, is there upside in terms of Bitcoin/Ether value ?

So Where is The growth ?

Growth is a very general term. It can mean size, value, market liquidity, subscribers, transactions, adoption - anything. It doesn't necessarily mean "Token to Coin exchange ratio" which happens to be the priority of most small Veritaseum investors. VERI will possibly grow in some of those aspects, the question is how and to which stakeholder's benefit ?. Here's my analysis of that:

liquidity will grow (more buyers will be found for the contents of Reggie's [company's] wallet) which will help any large holders wanting to cash out to fiat

the fiat denominated market capitalisation of Reggie's company will grow (because as those 98 Million tokens get distributed, all the fiat received goes straight into a bank account that does not back VERI's value but does increase the equity value of the "company that Reggie Middleton works for")

the ecosystem will grow (because as Reggie rightly points out..."Metcalfe's Law and all that")

the token to coin ratio with fall and VERI holders will lose value against crypto monetary bases like Ether and Bitcoin (because that ratio has to fall to pay for all of the above gains. The big one being liquidity. The next one being compensating for the the huge disparity between perceived marketcap and real marketcap)

there is a speculative offset to the falling exchange ratio which is revenue or asset gains from use of the token, however this is as yet unquantifiable and its sources unidentifiable in anything other than a very general sense

TL;DR Conclusion:

If you want to accumulate dollars using VERI as a vehicle, possibly hold as there is more mileage in all of crypto and VERI will be riding the wave
If you want to accumulate Bitcoin or Ether, take profits now cos this is as good as it gets according to history :-)

Sources:

BP Market Cap:
https://ycharts.com/companies/BP/market_cap

Monetary Base (UK)
https://fred.stlouisfed.org/series/MBM0UKM

Close Brothers:
https://ycharts.com/companies/CBGPY

Total Cryptocurrency Capitalisation:
http://coinmarketcap.com/charts/

Veritaseum full Marketcap by Blockchain Issued Tokens
http://coinmarketcap.com/assets/views/market-cap-by-total-supply/

* The Bank of England stopped publishing M0 in 2006. The published M4 money supply is around £2 Trillion. (Source:

http://www.bankofengland.co.uk/statistics/Documents/bankstats/2017/jun/taba2.2.3.xls
http://www.bankofengland.co.uk/statistics/pages/bankstats/current/default.aspx)

The FED's figure of £500 Billion as a nominal base is around 6 times the 'notes and coins' quantity often quoted as M0 in other places).