Quote from: azmojo on January 16, 2018, 10:00:07 PM

If you disagree with the CEO's approach you probably should sell your VERI and move on. I don't see that changing... ever... no matter what is posted in this forum.

I for one, have full faith that Reggie is running his company very effectively and pursuing the highest value opportunities and customers first. Be aware that his priorities are going to be for long term sustainable profit for Veritaseum, and not necessarily for token holders. Although I will argue that most things good for the company are good for the token holder.

You suggest some measures to manipulate token value by manipulating supply, but I do not see the current supply and distribution as a problem. Until this big dump, VERI had a $1B valuation which is phenomenal by any measure. I fail to see the driving need or value in making any changes to token supply, distribution, or usage.

I did sold a portion of my VERI when it was around $450 and buy NEO when it was around $70. So looking in retrospect, I have done the right thing. But I am still holding substantial amount of VERI.

I, for one, do not subscribe to blind faith. I subscribe only to what is right. If I am wrong, I will judge myself accordingly too.

What you do not see as a problem, is your own problem. My argument is even if the supply is reduced, there is still no impact to Veritaseum's bottom line. The blockchain innovation is structured in such a way that there is simply absolutely no need for huge supply of token to facilitate economic transactions.

Update:
If I am right in reducing the total supply and Reggie seriously consider my suggestion and implement the reduction, then I can bet a lot of people will eventually be very very happy with what can result from that. And fans will sing song about how great is Veritaseum, and nobody will remember me, and I am okay with that.

Reggie implemented my suggestion for a FAQ. But I don't think the team is making the best use of it because the FAQ can be enhanced into becoming a prime source of reference.

This forum's admin implemented my suggestion for email confirmation to prevent hack after much criticism from me, and so far things seem fine. I recently received an email stating someone from France wants to hack my account but because of the email notification, the hack failed.

So if anyone thinks I am stupid or not smart, well, to be honest, I don't think so. I am not here to brag. I am here to solve problem or make things better.

And I believe if Reggie can reduce the total supply effectively, the outcome will be very desirable to all, users, buyers, traders, and investors alike. There is a right amount of reduction that VERI supply can be reduced to, at the most optimal level and justified. Certainly not something arbitrary.