Quote from: Dorkie on March 16, 2018, 02:26:34 AM

Quote from: CoinMLS on March 16, 2018, 02:17:00 AM

The question is, why do YOU think that burning the unsold supply of tokens will cause an immediate skyrocket in price when it will not change supply or demand on any exchanges?

If burning the 98 mil token in reserve has no effect on the price, then it would make no difference whether there is 98 mil in reserve, or 98 bil in reserve, or 98 tril in reserve.

Whenever Reggie sells his reserve in bulk, he is the only one earning economic gain, not the rest of the token holders.
But in actual fact, Reggie already earned his worth when he sold 2 mil token from the ICO and further earnings from recycling used tokens.
So Reggie giving the impression that his only worth lies in the 98 mil reserve and thus cannot burn any of them is BS.

Reggie keep promoting the falsehood that burning the reserve token is akin to burning our own money.
I say, that is very dishonest of him.

1. If we burn our money, we cannot regenerate it unless we work for it.
2. If Reggie burns the reserve, he can still earn from all the recycled used tokens of the 2 mil in circulation (and there is NO LIMIT to this earning potential).
3. If Reggie fear no redemption, that is only possible if the utility/investment/exposure value of using the VeADIR is BELOW the speculative value of holding the tokens.
4. The utility/investment/exposure value of the VeADIR has NOTHING to do with the 98 mil in reserve. It has to do with the consulting competency of Veritaseum.

You are so shortsighted. Every week Reggie is pitching hedge funds, family offices, and exchanges.

Can you imagine Reggie pitches a hedge fund or an exchange, and they say, OK, we're in! Where do we get VERI tokens?

And Reggie says.... wait for it... the only thing he could say in your world:
"Well, you can buy them up a few ETH at a time on Etherdelta or Mercatox. Yep! Go buy them on those shitty exchanges and enjoy! I burned all of my inventory, so Etherdelta... get 'em there! I hope ED is working today! When you get enough let me know!"