Post
Topic
Board Announcements (Altcoins)
Re: VERITASEUM DISCUSSION THREAD
by
Dorky
on 19/07/2017, 02:35:34 UTC
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 - nope, wrong

 • 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") - nope, wrong, you have no proof

 • 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) - nope, wrong. wrong on referring to ether bitcoin being a monetary base. wrong on implying VERI is a competitor to ether/bitcoin just as it is wrong to say ether is competitor to bitcoin.

 • 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 - simply your personal opinion parlayed as "fact"