Quote from: Dorkie on March 15, 2018, 12:55:23 PM

The price of VERI is where it is now is because of Reggie's greed with his 98 mil reserve token.

By right, I've said this before, that even if he burns ALL his 98 mil tokens, he WILL STILL earn lots of $$$ as the VeADIR platform takes hold, because the existing 2+ mil token in circulation is RECYCLABLE.

Just as he admitted that he is not the smartest person, I strongly suspect he is not smartest in understanding my reasoning.

Reggie does not realize nor understand HOW and WHY it is possible that his bottom line is not affected despite burning ALL the 98 mil token in reserve.

When it comes to the full understanding of burning the excess token, Reggie sure is obviously short-sighted (and so is the same with his followers that are devoid of good logic).

He equating burning the token as being similar to burning money is 100% WRONG.
Our money cannot be recycled after being burned.
But the 2 mil token in circulating will be recycled for resale to cater to continuous demand.
Reggie is worried of having no redemption.
But he never realized that the main problem is NOT having no redemption.
Rather, it is having no adoption of the platform.
If the platform is widely adopted, then tokens will be used, recycled and resold by Veritaseum.
This is without regard to the effect of redemption.
And the adoption of platform depends not on redemption and not on burning the 98 mil token, BUT on how well the platform works.
And how well the platform works depends on the consultancy services/qualities of Veritaseum as a company.
Burning the 98 mil excess token has NOTHING to do with it.
Facing the risk of having zero redemption has NOTHING to do with it.
Additionally, burning the 98 mil excess token will significantly alleviate all the accusations of scam, regardless of what new reason of scam the FUDsters will come up next.
If token holders find it more favorable to hold the tokens instead of redeeming them, or even in using them for trading/investment exposure, then that would mean the VeADIR has failed its purpose.
By right, the value of using the VeADIR for exposure should be higher than the speculative value of holding the token.
And if the value of getting exposure with VeADIR is much higher than holding the token for speculative reasons, then the fear of facing no redemption when the time comes would be gone.

Reggie's earnings depends NOT on how many token he has in reserve, BUT in the level of adoption of the VeADIR platform, which I strongly suspect he continue to fail to see.

In this case, I dare to call out Reggie for being really STUPID in this.

Note: Before an idiot follower refutes me, please read and re-read EACH AND EVERY sentence I write here over and over again until you fully understand my points before giving me your stupid and much not-needed comment.

You are mistaking utility tokens with stock shares. You imply that burning 98M tokens will or should equate to a 50x increase in price, and that's ridiculous. Burning the tokens will not change the current supply/demand dynamic on exchanges.
His actions have alleviated the scam accusations. He has a working beta and continues to work on business development and increasing the utility of the token and platform. He has done nothing to even hint at squandering ICO funds or liquidating any of the 98M tokens in inventory.

And the price of using the VEADIR has increased, last I saw 1 VERI bought about 6.5 ETH of exposure. I expect him to continue to adjust the price in the future.

EDIT: The price of VERI end of Dec - early January was just under $500, an ATH, but the token quantities have not changed in the past 2-3 months. What is the evidence to support your (il)logic that "The price of VERI is where it is now is because of Reggie's greed with his 98 mil reserve token."