Quote from: wozzek23 on July 24, 2017, 04:07:08 PM

Quote from: Reggie Middleton on July 24, 2017, 01:05:34 PM

I would like to make it known that we had the option to fork VERI, but chose not to. At the end of the day, the amount stolen was miniscule (less than 00.07%) although the dollar amount was quite material.

How did you came up with this math magic, 00.07% of all VERI? $8,400,000.00 is a LOT and represents, 1.82% out of the $460M MC on July 23 or 2.24% out of the $375 MM on the time of writing. (July 24th, 12:05 PM EST)

Quote from: Reggie Middleton on July 24, 2017, 01:05:34 PM

Now, you can see how inconsequential the mere hack of a few million dollars

You're like Dimitry Karamazov, "yes, I drunk up half of your money but I am not a thief. For if I were a thief I would've drunk up 100%". Than again, after drinking up another half of what has remained...

Do not fucking downplay the seriousness of the heist. Or a "mere" $84M could be next in line.

Damn.

This is not magic math. There are 100M tokens issued, the hackers stole about 37k. As I said, it is quite disconcerting, but it is not the end fo the world. In the scheme of things, this is small. The tokens were stolen from me, not the token buyers. I am not downplaying the seriousness of the heist either, but I am looking at the heist for what it is. A company that we use was compromised, the vulnerability was closed, and we are investigating whether we should move against that company or not.

As for Dorky, yes, execution of management and the team play a prominent role. That was evident in our marketing materials. Just as with EA, the quallity, dispersion and sales of their video games is highly reliant upone the execution of the management and the team behind them. This should be no surprise. I also was clear to say "team". This is not about me, its about the team. For some reason, you want to make this about me - as if I can write patent applications, write code, architect software, create valuation frameworks and analyze companies all on my own. The talent of that team is what you are purchasing when you purchase VERI. I have went out of my way to ensure that is the case.

If you are not comfortable with the team and the utlitly they enable the software endusers to manifest representing the value in lieu of an inanimate piece of code itself, then maybe you misunderstood the value proposition. There's no difference between Veritaseum and team representing the value than there is between Gates and his team (MSFT), Zuckerberg and his team (FB), Page and his team (GOOG), Bezos and his team (AMZN). or a whole host of other value creators.