John Maplethorpe said:
Ok it's interesting I'll give you that. But what happens when the VERI insiders dump their 99 million tokens on the market with street investors holding only 1 million at ~$100? You need a 10 billion USD infusion to support the current price.
Either the math adds up or it doesn't. Not trying to be hostile but how does this make any sense. VERI has a $10 website but needs $10B soon to justify the current price.
You're still thinking like equity stocks, John. It's a hard habit to break. Why on earth would I dump a license to make money?
Again, you'll see it working one day and understand it when you see it but by then it will be very expensive to buy.
Now, could this be a terrible business plan that doesn't work ... of course, nothing is guaranteed ... but I see the track record of Reggie and that alone would get me in on this
And as far as dumping, Warren Buffet could start dumping Berkshire Hathaway any time but by the time word got out it would lose probably 80% of its value ... you do have to trust the holders of the tokens in pre-mined crypto world ... but why single out Veritaseum? Most of the cryptos coming out nowadays are pre-mined with a large portion held by the founders so this is not just Veritaseum.
BUT ... I understand this is a much larger % than the usual 20 - 60% held by most other crypto token founders and that's out of your comfort zone ... I've spent enough time watching and listening to Reggie the last 5 months on an almost daily basis to know that's the last thing he's about and frankly with so few circulating it's actually SAFER because you can't hide a million token sale ... it would sink the price and everyone would sell ... Bill Gates sells millions of shares of Microsoft every month to slowly diversify and it's practically hidden, on the other hand, selling VERI like that would stick out like a sore thumb
So, in summary, there's always going to be some doubt ... nothing is air tight ... but that's why it's less than $100 per token now instead of $10K per token like it will be a year from now ... might be worth throwing some beer money at it for a couple of tokens ... Reggie is not going to ruin his career at the age of 50, and as I've said a business that he's passing down to his three children (mentioned his oldest son Masiah being a big part of the deal with the Jamaican Stock Exchange) to try and steal less money than he's worth now ... you realize he made a fortune calling the 2008 housing crash and Bear Stearns and Lehman before anybody ... he is a household name in Manhattan and Wall Street all to throw it away on a scam coin? Doesn't make sense to me.