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.
Hello Dorkie,
I have been reading your messages for quite a while, mostly on PPT. You helped me break out of my 'married to my favorite tokens' mindset and you were also the one to first alert me to the PPT FUD. Oh, how I wanted to believe you were wrong! Anyway, I have been studying global finance for over a decade, which ultimately brought me to BTC many years ago, but I cannot say I understand everything you are writing about PPT and VERI. Indeed, I find VERI actually very difficult to understand, with the off-chance that it is actually rediculously easy to understand and I am just over-complicating things. Anyway, here is my question for you: what coins and tokens DO you like? I mean, you seem to be on a rampage against the cryptos you dislike, but I do not believe I have ever heard you mention those that you do. Perhaps I missed those posts, not sure. Married with kids and only so much time to devote to this stuff. PS: I have recently pulled back out of most alts and am hiding in BTC. The exceptions are platforms, I am holding these (am I married to my favs again here???). Would love to hear your list or just a 'hit' or 'shit' answer on ICX, AION, WAN, THETA, TAU, ETH, POA, ZIL. Thanks!