Quote from: Dorkie on January 17, 2018, 02:16:28 AM

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.

You make a decent argument that the excess supply is unnecessary. However, I don't see an argument as to why it is a problem.

You imply that the price would be higher if the supply is reduced. I simply don't see it. I'd love to see the price at $500+, but I honestly don't think it would be if supply is reduced. With the price at $450-500 that's a market cap of $900M-$1B. Do you really think reducing the supply would increase the market cap by more than a few percent?