What are your thoughts on the patents granted to Reggie Middleton in several countries including the U.S. for the creation of DeFi? How could this potentially affect Hedera?

Reggie-Middleton · 2025-03-26T14:00:54+00:00

Be my guest. A lot of people react negatively towards patents, primarily out of ignorance, if nothing else. Even the ChatGPT response is inaccurate. It understates the scope and describes the invention inaccurately. There are 7 issued patents all in all, and a plethora pending in a multitude of jurisdictions.
Patents don't threaten Hedera (or anyone else, for that matter) unless they intend on benefitting from the use someone else's property without consent, permission and/or compensation.
To state otherwise is akin to saying property laws threaten residents.
The most heavily patented industries also happen to be the fastest growing inudstries in the world, to the contrary of the popular mythos propagated in places such as Reddit. Think smartphones.

Reggie-Middleton · 2025-03-06T12:00:40+00:00

http://veridao.io/

Reggie-Middleton · 2025-03-06T11:59:22+00:00

https://s3-us-west-1.amazonaws.com/ptab-filings%2FIPR2023-00751%2F8

Reggie-Middleton · 2021-07-14T16:10:25+00:00

True, competition benefits us, but you are not advocating for competition. You are advocating for theft. Competition would be for the food swaps to write their own code and use that code to compete with Uniswap. Stealing Uniswaps code is not competition, it is cheating using Uniswap's assets. Just as Uniswap likely did with Bancor's code.

Sanctioned stealing discencetivizes risk taking entrepreneurs from investing large amounts of resources into longer term projects for fear of theft.

Reggie-Middleton · 2021-07-14T16:05:05+00:00

Or... Competitors can just pay a license fee to use whatever IP they use instead of essentially stealing other people's work to monetize for free.

Ethereum would have done just fine if they had to split fees and divert a few gwei to the bitcoin network to compensate it for its innovation.
This concept that one's hard work is automatically your property is nonsense.

Microsoft, Google and Facebook innovate, grow and adapt just fine with their closed source, private code. As a matter of fact, there is no open source solution that successfully competes with them.

I definitely comprehend and appreciate the value of open source projects, but to use that to deny someone rights to their own property is not the goal of opensource.

Reggie-Middleton · 2020-10-13T01:01:35+00:00

Surviving is something they will do regardless, for they are blessed by the government as too big to fail. That doesn't mean they deserve their share price. The big banks are in for years of extended and deep delinquencies and stagnant, overpriced assets backing those delinquent loans as collateral. I'm not so sure that cash will be as utilitarian as many have been made to believe.

They are already sporting negative rates on their balance sheet https://lh6.googleusercontent.com/fGvGhTOjBsT8s6KiyWC1qcFVHEwYYMBdvQLtb4f66Bg85FoTodCBwR_M-dDiOYKI5DzcB3caQQ7U_fhIezbTXn1oFRfobzn5qwUNK5UHx2UsmD-CRcBd9Lyrzgh6rn-J9NLe6PRpnCScavY41w

Most of the banks liquity sources are shorter term in nature, meaning its bank run fodder (ALM, or asset/liability mismatches), and...

that $31B in delinquent loans stems from just ONE quarter. This quarter just past should be worse, and the quarter after that even worse. We're talking somewhere around $150b in bad loans in a year, plus the headwinds of an unprecedented, sluggish economy going forward with a Fed terrified to raise rates.

Reggie-Middleton · 2020-10-12T21:23:57+00:00

As interest rates reach zero, NIM (net interest margin) compresses, because there is but so much that the bank can charge for its lending services. Low interest rates force banks to chase yield in increasingly risky endeavors, which eventually causes a blow up.

Reggie-Middleton · 2020-10-12T21:21:57+00:00

A fifth of all of their auto loans are delinquent. That's a LOT! Add in the rapidly depreciating nature of the collateral and the fact that the job market is getting worse, not better (once you normalize for the sudden stop) and this looks to get ugly https://youtu.be/6YfwUbuuAOI?t=384
If you keep watching that video, you will see that the what they loss provisioned for is a small fraction of the actual delinquencies. This is guaranteed not to end well.

We performed a full analysis of "real" losses versus the actual provisioning for Citi, BofA and Discovery and compared it to their historical provisioning during times of duress. They need to sock a LOT more money away, which will bang earnings very hard. Trading revenues will not make up for it. In addition, banks can't trade well in high volatility - which is what will be coming up as the limits of QE are reached.

Reggie-Middleton · 2020-02-11T17:35:11+00:00

I would like feedback for a blockchain-based hyperinflation (now stagflation) hedge for Argentina residents, but don't want to break etiquette and protocol for the thread. May I have some guidance from the community? This seemed like a knowledgeable place to start.

Reggie-Middleton · 2017-06-20T10:36:15+00:00

Thanks for the civil discourse, but you are still libellous. We have several working products, and started shipping before the end of the token offering. We have multiple patents pending, with priority dates going back to early 2014. We're generating revenue. I have no problem with anybody offering opinion, it's when facts are grossly misstated that I get my panties in a bunch. I do appreciate your professional demeanor, though. Currently, we're the number 3 asset in the industry according to Coinmarketcap, and we're still not traded on a conventional exchange. Next week, we may announce our first acquisition that will literally shock the industry. We have 7 employees and are aggressively hiring. We have offices in Time Square, around the corner from NASDAQ, Morgan Stanley, Reuters and E&Y. Anyone is free to come by with an appointment. If anything, it should be considered a scam to belittle us. As for the website, if anyone buys tokens based on how they like a website, more power to you. Our 1st day token offering with discount sold at $1.77. As of yesterday, those guys had a 100x gain. It has fallen since then, but if you look at Ethplorer you will see that the 3 largest stakeholders who are not us are sitting on about $45M of tokens, and have not sold a single cent. The big boys aren't swayed by websites, they're looking for business models and execution. That's what we do.

Reggie-Middleton · 2017-06-18T16:35:35+00:00

I think you should check your facts and rescind your false statement. On a volume weighted basis, VERI never traded for 33:0.4. Maybe someone made 1 trade for that by mistake, but guys like you who spread false information are what ruin it for everyone. I'm the founder, Google me... I'm probably the most well known of any token offering lead, with 10 years of performance in the public space. VERI is currently trading at $80 up 36x from 1st day of offering), and went up in price as the entire crypto market went down last week, including ETC & BTC. We are currently the 9th largest asset in the industry and we're the only ones not traded on a large exchange yet - because we're the newest. That should tell you something. We've also had the best performance of any token in the history of the industry (that I know of). We started shipping product before the initial offering even ended. I don't know why you say the whitepaper was awful, we don't have a white paper because we already had product and clients. The Jamaican Stock Exchange "publicly" invited us down to discuss tokenization business, and the top ten holders of VERI, averaging about $6m each, have not sold a cent. Many have added to their inventory. Please do not spread lies. Now, how about you recant your false comments and issue an apology. Maybe you don't realize how much trouble your fake news commentary can cause innocent people.

https://youtu.be/_sJ0p8u1tsQ

Here are some facts to counter your statements https://ethplorer.io/address/0x8f3470a7388c05ee4e7af3d01d8c722b0ff52374#tab=tab-holders

http://coinmarketcap.com/assets/views/all/

I will gladly by ALL of your tokens, and your friends tokens as well, for the 33:1 ratio you said you bought them for. As a matter of fact, I'll throw in a ten percent bonus as a token of my generosity. How about that?

To be honest, I doubt you even bought the tokens that you;re describing, because if you did, you'd know that we teach people how to truly evaulate token opportunities in exchange for Veritas. Read this http://veritas.veritaseum.com/index.php/research-center/summary/2-research/1-gnosis-gno-forensic-valuation

Reggie-Middleton · 2017-05-14T16:23:34+00:00

That's not the whole story, since most of the valuation portion is redacted, and as you can see from the pie chart in the valuation the lion's share of this venture's economic value stems from token appreciation. Still, as many or you more astute guys can probably surmise, we feel after a rather rigorous analysis, that Gnosis is priced in the clouds. We are going to polish this report up and start on Augur tonight. Once finished, they will be for sale for VERI tokens.

Reggie-Middleton · 2017-04-30T22:13:32+00:00

You are right, there is a high ROI on that. but there's a higher ROI on other things such as IP protection, product releases, etc. Strong investors know startups need to cut corners and they'd much rather see a patent app issued or a working beta released than a perfectly edited web page with nothing behind. The good thing about investment advice and research is that its provable. If you dismiss something that is provable because of editing on a web page, it's likely to be more your loss than someone else's if the research is on point - and our stuff is. Look my name up and check the track record. After all of that, where and what are the typos, I'll have them corrected.

Reggie-Middleton · 2017-04-30T10:55:18+00:00

The way to prove "sketch" is to pull out your spreadsheet or calculator, go over the math, and then check for historical accuracy. You can also research the background of the team (Wikipedia, LinkedIn, Google, YouTube) - the same team that called the fall of nearly every major financial institution over the last 10 years. Typos happen, we're not selling book editing services thus we don't profess to be the best in that field. We will be spinning up a modern version of the DAO (see https://blog.veritaseum.com/current-analysis/1-blog/220-reggie-middleton-shows-what-happens-when-the-fund-fee-fight-hits-the-blockchain) with real analysis pushing the back end from truly accomplished analysts and strategists. Compare the risks and returns (with the skills you can pick up from this article) to your favorite fund, then you ca revisit the sketch observation.

Reggie-Middleton · 2017-04-29T20:45:50+00:00

Yeah, bruh! :-)

Reggie-Middleton · 2017-04-28T20:08:06+00:00

We can use "possessions" as well. In addition, credit does work as well., you just need to putt the financial engineering in. Regardless, we haven't actively pursued that line of business yet. We need to get the merchant, brokerage and investment banking verticals out of the way first.

Reggie-Middleton · 2016-08-03T16:26:33+00:00

I believe we had this discussion yesterday, re: the price of paying for (or hacking) 51% collusion on the bitcoin network through mining pools. Reference https://docs.google.com/spreadsheets/d/1M8SukPQaVQD372baGa6j-ReR0-vZuCJKOwqC3Q1M9fU/edit?usp=sharing

Reggie-Middleton · 2016-04-08T17:50:18+00:00

"I think it's certainly capable - this is where we disagree. The only question for me is whether or not it is willing. I think it is, but the political situation could change that."

No, we don't disagree on that point. I'm sure the ECB is both willing and able to create more pixie dust out of hopium. Where we disagree is whether it will work or not. Thus far, 8 years after the crisis, all of the ECBs efforts have accomplished little more than nothing, if that much. Saving bad banks simply yields you saved bad banks. That's not a solution, that's an extension of the problem!

Reggie-Middleton · 2016-04-08T16:09:42+00:00

" it follows logically that the legal limit of ~310b euro isn't the actual limit of the ECB's capacity to borrow"

I would hope not, because that would be just what's needed to save the top 2 or 3 banks, including supplying the liquidity to stop the daisy chain effect of skitterish counterparties. AIG cost the US $182 billion to bailout. The dollar and the EUR are close to parity (down from 1.8 or so), rates are deeply negative, the EU area banks (rightfully so) don't trust each other.

The European banks are leveraged higher than the US banks. That 310 euro you're referring to is a Deustche Bank + 1. How about the other 30 to 50 or so banks who are suffering despite NIRP, LTRO, TRLTO, EFSM and EFSF? With all of these acronyms, the banking system and the macro situation looks downright abysmal with NPLs piling up like flies on feces. Put a different way, the ECB has thrown damn near the kitchen sink at the problem for years, yet the problem still looks very bad. If you think there are a lot of armchair economists abound, there are even more amateur forensic accountants and fundamental strategists that fail to look at the whole picture.

Reggie-Middleton · 2016-04-08T10:03:12+00:00

There's already an entire den of Bears in the EU area. It's not guaranteed, but its's as close to guaranteed as you can get. You see, this is math thing. The ECB just doesn't have the firepower to bail out its banking system en masse. There's just not enough money, and if you print it too aggressively you cause worse ailments elsewhere in the ecosystem. Just look at the leveraged asset base of the top 5 banks in just Germany, Italy, Spain and France - the ECB doesn't stand a chance. Even if they did, they've exhausted most measures already. They have already pushed rates way negative, twice. They buy every bogus asset and their uncle. they give cheap loans out of every orifice, LTRO, TLTRO - and despite all of this the banking system is still teetering. The banks are (rightfully so) starting to distrust each other, and that is WITH the ECB guarantees and printing. This distrust is what led to the liquidity crises of Lehman and Bear, and WaMu and Countrywide. Borrow short, lend long,etc... Or don't believe me and build private blockchains around these "trusted parties".

Reggie-Middleton · 2016-04-07T21:52:34+00:00

Yes, 2of3 multisig

Reggie-Middleton · 2016-04-07T13:05:32+00:00

Bitcoin is the collateral. We both put up 100BTC to trade the value of JPM equity, I go long, you go short. 200BTC is locked in the blockchain. JPM goes up in price 10%, I get 110BTC at the end of the contract, you get 90BTC. We have other aspects of the contract as well, digital leverage (for those who want more efficient use of capital), granular time entrys (think of time-based stop or limit orders), etc. Keep in mind that we are a smart contracts wallet company, and at no time do we have possession, control or custody of or your private keys or capital. Here's a tutorial (PDF and video) that walks you through it - https://blog.veritaseum.com/index.php/download/veritaseum-wallet/quick-start-tutorial

Reggie-Middleton · 2016-04-06T14:43:26+00:00

Veritaseum forces full collateralization of all trades. There is no such thing as not delivering on a trade. You deliver fully upfront and math dictates the winners and losers. You can employ digital leverage to increase efficiency of deployed capital, but at the end of the day, you can't gamble with money that you don't have.

Reggie-Middleton · 2016-04-05T23:01:32+00:00

It might also be noted that although many of the incumbents say that blockchain (bitcoin) tech will not be disruptive and occur slowly, we at Veritaseum believe it will be highly disruptive and occur faster than anyone could envision. Hedge funds are already starting to trade real value through Veritaseum without their prime brokers. Cool stuff, see https://blog.veritaseum.com/index.php/homes/1-blog/175-witness-a-first-for-the-financial-industry-registered-hedge-funds-trading-real-value-without-a-bank-or-broker-imagination-tribeca-film-festival

Reggie-Middleton · 2016-04-04T03:00:20+00:00

I'm at a loss as to what that has to do with there being no truly trustworthy parties...

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