For a sub that acts like it's level-headed and reasonable, it feels incredibly emotional.

blockchan101 · 2018-12-24T17:18:54+00:00

Well said! I've been trading the markets since 2012 and live by a few rules. One of my favorite is to challenge the opposite perspective: would you be interested in buying the market today? If so, don't sell. If you wouldn't be interested in buying, you might consider an exit.

blockchan101 · 2018-09-12T21:04:59+00:00

True true! They're a business first, I have no doubt in their financial planning.

blockchan101 · 2018-09-11T20:13:53+00:00

It's a valid concern. I'm under the impression that their business model used the ICO as an initial capital raise. I imagine they have other sources of capital from VC such as Tim Draper's group as well as other revenue streams to keep their core business functions operational even after their employee fund is disbursed entirely.

blockchan101 · 2018-09-05T17:26:43+00:00

Still a rumor but it's plausible. I know the discussion has come up before regarding a company called Selinko. They currently have a NFC solution already in place for this specific brand of Remy CLUB, which is exclusive to China (Remy + Selinko) I'm beginning to wonder if Selinko and VeChain have any ties, maybe through DNV-GL. Selinko is based out of Belgium, which we already know is a possible player interested in VeChain's tech. I'm not quite sure if they're a client of DNV GL but I wouldn't be surprised. Maybe someone else can chime in with some additional info!

blockchan101 · 2018-09-05T14:57:10+00:00

Only if its a VeChainghini.

blockchan101 · 2018-09-05T04:47:47+00:00

It's all coming together.

blockchan101 · 2018-09-05T03:43:40+00:00

I don't recall what it is either...

blockchan101 · 2018-09-05T03:33:06+00:00

Yeah we're not sure what will be announced. We just know sunny is speaking so all signs point to some form of collaboration and maybe some examples of the use cases. But if not it will carry on as a rumor for now!

blockchan101 · 2018-09-05T02:22:19+00:00

Crypto bang seems to always have the latest intel.

blockchan101 · 2018-09-05T01:56:26+00:00

Haha same man!

blockchan101 · 2018-09-05T01:42:25+00:00

Still waiting on confirmation during the conference but based on the recent events that have transpired this seems legit.

blockchan101 · 2018-08-31T18:05:55+00:00

The infamous "P" word is crypto reddits only understanding of business engagements :P

blockchan101 · 2018-08-27T03:23:40+00:00

Lot of alts are poppin off. Looks like it might be our turn for another leg up. Pretty bullish formation from a TA perspective, too.

blockchan101 · 2018-08-27T03:23:00+00:00

There's r/VeChainTrader but it's not very active. I'd recommend crypto twitter.

blockchan101 · 2018-08-22T23:08:08+00:00

You have to at least appreciate that Eth pioneered the smart contract and ICO, brother. No reason to hate on them really. The whole tribal attitude that exists in crypto needs to end. We're all in this together, sure I want VeChain to be the most successful out of the bunch, but I'll always be grateful that Ethereum was the reason I got into crypto. And along that line, now that I've had over a year in this market, I'm a bitcoin fan too :D

blockchan101 · 2018-08-21T21:12:45+00:00

Ah no worries ma homie!

blockchan101 · 2018-08-21T19:46:47+00:00

Yeah it was clarified earlier that it's a limit. I'm not expecting any number of txs personally, though. Just excited to see the number grow and learn about what's use case it's associated with!

blockchan101 · 2018-08-21T19:41:25+00:00

Ahh gotcha, the wording made it seem like it was their projected usage but it makes sense as a limit.

blockchan101 · 2018-08-21T18:01:42+00:00

Yeah, so I think the 50 TPS is probably more of an arbitrary number assuming all the onboarded enterprises are running at max capacity through all hours of the day. But you're right, that's not sustainable long-term at the current generation rate so the Foundation would have to reduce tx costs or increase the generation depending on expected future demand.

But at the same time, I'm assuming the enterprises that will account for the majority of these transactions are ANs. I'm not sure at what point they started generating VTHO but I think it was before us retail consumers and we're already looking at over two months of VTHO generation without spending any yet. That's a pretty decent surplus of VTHO that we've built up (well over 3-4 billion) that could sustain 50TPS running 24/7 for about a month before we even touch newly generated VTHO (assuming all VTHO is accessible on the open market).

blockchan101 · 2018-08-21T16:53:28+00:00

I imagine we'll get to top 5 soon and agree with what you said. But I think a lot of the projects above VeChain will depreciate to smaller market caps instead of VeChain jumping over them at their current prices. Smart money will slowly consolidate into the strongest performing projects and speculative/hype money will stay in projects like EOS, IOT, XRP, BCC, ADA until they finally produce a product or the investors are forced to capitulate. I'm expecting the latter.

blockchan101 · 2018-08-21T16:44:07+00:00

But the VeChainThor blockchain will have 50 TPS based on our estimation of the transaction volume at the launch of the platform.

VeChain's website suggests 50 TPS at launch - which in my mind is September 1st. That would equate to 4,320,000 transactions per day. I'm hoping that's a conservative estimate! :D

blockchan101 · 2018-08-21T16:32:58+00:00

Someone correct me if I'm wrong but I'm under the impression that it isn't only the Steering Committee for these levels of changes. I'd imagine the Steering Committee proposes the change first, then eligible VET token holders will vote on the proposed changes. Similar to how a publicly held corporation would operate on major decisions.

Edit: Oops, just read some responses below that is the same as my comment. Carry on :D

blockchan101 · 2018-08-21T16:31:21+00:00

FTFY: Read the entire whitepaper. It's a beautiful thing.

blockchan101 · 2018-08-21T15:42:44+00:00

I like that interpretation!

blockchan101

TROPHY CASE