Quote from: 1862 on March 20, 2018, 02:30:58 PM

True, it's been a crypto-bear market recently though so it's not surprising Veri is down (though we've seen up an uptick again, how long for who knows)

Fundamentals remain unchanged, though it gets frustrating at times to see BTC govern the price on so many projects that are very far removed!

Yes, the fundamentals remain unchanged.
Which is why the current VERI price is quite fairly valued.

Consider if the VeADIR can gain exposure to Bitcoin, Ethereum (incl. all the erc20 tokens within its network but excl. their separate market cap because they are just subset of the whole ETH network), and NEO...

Currently...
Bitcoin market cap = USD 152 bil
Ethereum market cap = USD 55 bil
NEO market cap = USD 4.9 bil
Totaling USD 211.9 bil

Assuming cost of exposure is 5%...

USD 211.9 bil x 0.05 = USD 10.595 bil

Current VERI circulating supply is 2 mil...
BUT total supply is 100 mil...!
So USD 10.595 bil / 100 mil = USD 105.95

The current price of VERI is currently probably coincidentally fairly valued.

Why I don't include market cap of the rest of the other erc20 tokens like EOS, OMG, PPT, etc?
Because they are still subsets of the Ethereum network (regardless of whether they will be blockchain agnostic later). Thus including them may result in double counting.

Why I don't include market cap of other major cryptos like cardano, ripple, dash, etc?
Because some of them are still conceptual/experimental and the rest are excluded to be conservative.

Why I don't valuate the token price based on the circulating supply of 2 mil?
Because having the total 100 mil as circulating supply is very possible in the future. And thus, if the market buys the token based on 2 mil circulating supply, it would be grossly overpaid as per ratio in ETH (the dollar value may change but the ETH ratio will mostly assuredly go downward) when more of the 98 mil reserve gets sold and enter the circulating supply. The market is not stupid. Thus to stay safe, the 100 mil supply is used for valuation. Additionally, even if the 98 mil reserve never enters the circulation, there would still be no positive effect to the network despite whatever institutional deal because purchase from the reserve will be OTC, outside the network.

So don't be sad. The price is probably fairly valued.

Update:
I hope Reggie will not keep adjusting the cost of exposure from 5% to another %.
Otherwise, such act IS manipulation.
If Reggie wants the cost of exposure to be updated and timely in accordance to the price of ETH and the price of VERI, then he should make sure the cost of exposure can be dynamically, automatically, and continuously adjusted based on the price of ETH and VERI in real-time.
Then the cost would stay at 5% regardless of the current market price.
Is Reggie smart enough to understand that?

In my experience in life, stubborn people are always naturally stupid.

Update #2:
What would happen if the 98 mil reserve is totally burned?
Why Reggie and everyone else do not want it?
Why is it considered manipulation?
Who would be the victim of such manipulation (please read my previous explanation on institutions bidding up price as well as other technicalities before you answer this question)?