I think Reggie is one of the very few persons in this space who actually gets shit done and tries do deliver a real life application of his product.
The VeADIR is a really nice start, and could potentially lead to a real price discovery of certain goods in many areas.
So its kind of a joke that the SEC has filed charges against Veri and not against any of the other 1000 shitcoins out there which delivered nothing and basically stole the money of their investors( in many cases 100s of millions of dollars).
Maybe its because the VeADIR concept could be a real danger for the traditional rigged markets.(smart contracts which ensure that u can get ur goods delivered to your home if u want to)
Especially in the rigged silver and gold markets, but basically everywhere.
IF it would go Mainstream, and thats a big if when u look at the recent volume since the fake bot volume has vanished( probably cause of SEC charges).
Furthermore the recent spike in price means nothing cause of the low volume but who knows how small these crypto markets really are without bot trading, certainly it shows that veri has much room to grow and i believe it will.
This isnt over.
Good luck to you Reggie
i dont see many people using his product, no one knows it even after 3 years. if many people were using it then there should be more tokens in circulation, its still around 2 million like 2 years ago.The VeADIR is a really nice start, and could potentially lead to a real price discovery of certain goods in many areas.
So its kind of a joke that the SEC has filed charges against Veri and not against any of the other 1000 shitcoins out there which delivered nothing and basically stole the money of their investors( in many cases 100s of millions of dollars).
Maybe its because the VeADIR concept could be a real danger for the traditional rigged markets.(smart contracts which ensure that u can get ur goods delivered to your home if u want to)
Especially in the rigged silver and gold markets, but basically everywhere.
IF it would go Mainstream, and thats a big if when u look at the recent volume since the fake bot volume has vanished( probably cause of SEC charges).
Furthermore the recent spike in price means nothing cause of the low volume but who knows how small these crypto markets really are without bot trading, certainly it shows that veri has much room to grow and i believe it will.
This isnt over.
Good luck to you Reggie
Your right thats a problem, there should be more effort to promote for example the VeADIR after the SEC charges have been delt with.
can you explain briefly the VeADIR powerful possible action on precious metal markets ?
Sure.
In the traditional markets u usually buy a security if u purchase silver or gold. (not sure if securities is the phrase to use english is not my native language but u get my point i think)
There are a lot more silver securities out there than actuall physical silver or gold.(in many cases the investor shares his silver with a few hundred other investors)
So you can artificially surpress the gold and silver price by increasing the supply with securities.
But the VeADIR ensures via smart contract that ur purchased metals are physically covered by real gold or silver.(Reggie spent over half a million US dollar last month to purchase physical metals for the VeADIR) Which is much better for u as a customer because i think the moment will come when investors realise that their securities are uncovered and virtually are worth nothing.
When at this point the VeADIR would be much more popular then it is now it could be an alternative to the rigged traditional markets and lead to a real price discovery in silver and gold where the outcome of the price would be substantially higher.