Post
Topic
Board Announcements (Altcoins)
Re: VERITASEUM DISCUSSION THREAD
by
Dorky
on 26/07/2017, 07:13:58 UTC
Please note that the JSE and others are not buying to make capital gains. They are buying to redeem the tokens back to Veritaseum. Also we are working on short videos that will explain concepts that many find difficult to understand. If you could come up with a list of questions for the FAQ to start with, I could do that aswell.

I already know that JSE bought to use, not to make gains. The impact starts when they want to use the token. How will Veritaseum quote JSE when JSE wants to use the token? Say JSE bought when price was @ $200 per token. Then something screws up and price now is @ $20 per token. Now JSE wants to use their token. How will Veritaseum charge JSE for any services in term of VERI? Similarly I can buy a report with 1 VERI when the price was @ $200. If it goes to $20 (just an example to illustrate), how many VERI will I need to use to buy a report? You get the idea. Managing expectation by making everyone informed and maintain confidence helps a lot to reduce the volatility and buffer any unintended harmful impact.

Good that the team is working on short videos. Make sure they are simple enough for dummies. And make sure they are vetted by a lawyer just in case. Okay, I will think of a few questions that I believe matters a lot then I will probably list them here or PM you whichever suitable to you. And any finished educational material should be posted at the official site, not here. Any newbie asking the same/similar questions can be conveniently directed there instead of repeating the whole thing here.