Post
Topic
Board Announcements (Altcoins)
Re: VERITASEUM DISCUSSION THREAD
by
Dorkie
on 17/03/2018, 12:35:11 UTC
You all can worship Reggie and sing praises at Veritaseum... BUT as long as the 98 mil reserve is not burned, then your dream of buying a lambo someday with any profit you get from selling the token will be very disappointed.

You can either join me and call for burning the 98 mil reserve token (which is excessive, if only you have the brains to see it and the honesty to acknowledge it) or you will be very very disappointed.

Reggie's analogy of burning the 98 mil reserve as equivalent to burning his own money is dishonest and bullshit.
Reggie's concern of facing no redemption as a result of having no reserve is dishonest and bullshit.

My points:
1. All the 2 mil circulating tokens are recyclable back into Veritaseum's inventory and can be resold for economic gain to the company.
2. Actual commercial use of the VeADIR for exposure will resolve the imaginary problem of no redemption.
3. ERC20 tokens such as VERI are highly divisible, thus there is no such issue of having lack of supply.
4. Healthy market forces will provide the necessary balance between token supply and the cost/price of VERI for exposure.

All my points above counter Reggie's dishonesty and bullshitness about burning his own money and risk of no redemption.

Reggie continues to hide behind the FALSE ANALOGY of burning the reserve as equivalent to burning his own money is not only a sign of dishonesty but also a sign of cowardice.

Reggie: Will you burn your own money?
Dorkie: Are you implying the tokens are a form of money? Additionally if I register a Microsoft OS license, neither I nor Microsoft can resell my license to another. But spent tokens can be recycled and resold by you! Imagine Microsoft can freely recycle and resell registered licenses to others. And at the same time, it is trying to sell a whole lot more new and unregistered licenses to the market. How would you feel about Microsoft? I would personally say that is a RIPOFF business tactic.

Dishonest.
Bullshit.
Coward.
Intellectually bankrupt.