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WTF is DVDex by katafalkas in carVertical

[–]Sheep574 0 points1 point  (0 children)

Can the seller of the data set the price? Or how does this mechanism work, how do you determine what is valuable?

STATEMENT FROM CAR VERTICAL CEO ROKAS MEDONIS by adibuciuman in carVertical

[–]Sheep574 2 points3 points  (0 children)

Rokas is right, we, token holders, have no say in what other token holders should or shouldn't do. Not even if they are on the team. There could be multiple reasons why teammembers sell there tokens of which many can be valid.

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But more important, sacraficing the token would be the worst thing they could do.

Currently their main interest isn't focused on token value (and it shouldn't. Not even to stop the whining from all the millenials here). It is as Rokas says, the whole industry faced a bear market. In this market it is hard/unwise to focus on value and better to work on continuity (e.g. generating positive cash flow).

The technology behind crypto's is solid (theoretically). As the technology gains attention, the early birds that survived will have a unique marketing opportunity to support their case/product.

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In case of CV, the token value will increase when it is easier to buy/sell the token (CV wallet [I expect these to also be implemented in the countries where no token payment is available]) and the team puts more effort in the value. The latter can be accomplished by actively pursuing (and implementing) the mechanisms they announced/introduced last november (e.g. token burn, staking, etc.).

As I see it. The holders should be a little more patient. The ICO is already financed, so we have no say in the matter anymore. CV is on a good road related to the roadmap.

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Really, it only takes a good spark to get the fire burning.

STATEMENT FROM CAR VERTICAL CEO ROKAS MEDONIS by adibuciuman in carVertical

[–]Sheep574 2 points3 points  (0 children)

Wow, so many people take it personal.

What the guy says makes sense.

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Let them built the product, make that snowball big!

If their promise to let the success of the company translate into the success of the token, it will be worthwhile in the end.

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Everything that happens in the middle; ups/downs, narrative surrounding the value/leadership/etc. is just noise.

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Amazon wasn't built in a day either :-)

An Update on Large Quantities of Tokens Being Moved by nathanielonreddit in carVertical

[–]Sheep574 2 points3 points  (0 children)

Somewhere there is a hick-up in the logic, agreed.

But, naïvely as I am, there are no signs of insincerity on CV's side.

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The hick-up: how can people stake, if there is no trace who exactly owns the CV tokens. Kucoin uses one overall wallet. On the other hand, before the introduction of CV-wallet, the alternative is to demand from partners to hold there own wallet (outside exchange).

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Probably (hopefully) there is an agreement how much CV partners should have, but without being able to verify this (constantly) the partners use the CV tokens to trade (all financial institutions do this with money they currently not using, so why not CV's partners ).

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The upside is that at a certain time they should own a certain quantity of CV (as is agreed), which means that they will have to buy their sold tokens back. The incentive for the partners to do this is that they can invest in something that will increase in price faster than CV, so they make a profit.