Quote from: toknormal on July 22, 2017, 11:24:14 PM

Quote from: azmojo on July 22, 2017, 11:06:03 PM

Be patient.

Ok. I'll be patient.

But let's say Bank of Jamaica and others make an investment of $400 Million in VERI (not unreasonable given that they did $47 million yesterday alone in foreign currency purchases).

That puts another 2 million VERI into 'circulation' which will send the commonly quoted marketcap to $0.9 Billion (just below IOTA) without any gain reflected in the value of current investors holdings and with still another 94 million tokens in reserve on the blockchain.

How will the existing market view that ?

As a huge shorting opportunity I would have thought.

That's why the only way I see round this is for Reggie not to sell the actual tokens but to sell equity in his 'company' instead which holds the balance of the blockchain supply. That way he can use the minority 'market traded' supply to support the equity value of his company and play both ends of the market (equity and token). Also, any intellectual property that gets developed as part of this project can be owned by the corporate equity holders, not the token holders, so that gives further incentive for 'institutional investors' to go for the equity rather than the tokens.

Just a thought. But that's how I'd be thinking if I was Bank of Jamaica (or Reggie himself for that matter). i.e. a recipe for a "convergence of will" concluding in a "convergence of wallets" Wink

Why would a transfer of VERI from "Reggie's wallet" to JSE's wallet change the supply numbers or supply dynamics? Do you think JSE is buying VERI to turn around and dump them? They are not buying VERI to speculate, they are buying it to use.

Having JSE buy equity of Veritaseum makes no sense, no company operates like that.