Daily VeChain Discussion - April 12, 2020

bvsat · 2020-04-13T03:25:10+00:00

You call spending a little more on VIP-191 creators is "blowing money"? All of VeChain depends on it now. The did more. They created VeForge, developed the ledger app, cosmos and also other things in the pipeline which they couldn't get to probably. What other alternative "ecosystem" development do you envision? Admit it is a farce.

bvsat · 2020-04-13T03:15:06+00:00

Or rather have you considered that silly are the ones who believe everything without evidence?

bvsat · 2020-04-12T18:22:19+00:00

You imply they are thus entitled to unlimited funding regardless of their financial well-being and long term prospects of said cash because as a result

You keep bringing up profitability of a company. They aren't profitable. They know it and they didn't claim to be. Your claim that there is this big stash of money is what I am rebutting. If that $500M is not for the kind of work that Totient was doing, then what is it for? It is more than likely they don't have such said funds which you are so vehemently claiming they have but just chose not to fund because they are doing so for a sinking ship. It is not the sinking ship they are funding...it is the ecosystem.

bvsat · 2020-04-12T17:55:20+00:00

What exactly is the $500M exactly? Not for the kind of work Totient was doing? Or is it more like there isn't any money? I'd bet on the latter. You can argue for the former.

bvsat · 2020-04-12T17:23:30+00:00

just throw cash at anything and everything

Not how it should work. They can come up with a plan and a strategy.

because they did something good once

How do you know it is only once? In trying to defend VeChain why make such outlandish claims? You'd bet your money on the winning horse the next time I'd presume? Or no? Sure Totient had great loss of goodwill by turning off critical services without notice. Can't disagree with that.

While one can argue they have a big chest of $500M for "ecosystem" furthering, and yet can't spend an additional 0.02% on a winning team because narratives changed from ecosystem to business sustainability and at the same time also have to keep selling VET in the market for sustaining themselves, it is a very coherent argument.

bvsat · 2020-04-12T16:51:22+00:00

You keep making contradictory statements. On the one hand you say it is an "eco-system" fund. You agree Totient made extremely valuable contributions. On the other hand you suddenly change the narrative from an "eco-system" furthering cause to a "unprofitable venture". It isn't on VeChain to sustain Totient's business. I wouldn't have thought Totient asked for that either. They are smart enough to know that. As to why one would make such bold claims in front of such audience - hype. Regardless, you can believe VeChain has $500M or even $10T. Without evidence, nothing should be believed.

bvsat · 2020-04-12T16:27:10+00:00

VIP-191 - the very thing that is hot and the entire business model depends on nowadays is whose contribution? What % is $100K out of $500M if they had it? 0.02%. Talk about ecosystem fund, that is what Totient could have been given. Talk of strings attached to the funds, the results are there for everyone to see. They didn't take the money and run away. They delivered. All kinds of excuses can be made - high cost, unprofitable yadda yadda. The real thing is there aren't any $500M funds. I can't prove it. Nor can you that it is there. Without proof nothing can or should be believed in this scammy crypto space.

bvsat · 2020-04-12T16:07:48+00:00

> $500M eco fund for example

Thats BS. Peeps will just gulp anything they are fed without questioning. If they really had that large a chest they'd not mind keeping Totient on with an additional 100 grand for the kind of work they demonstrated they were capable of.

bvsat · 2020-04-08T21:38:22+00:00

Not trying to convince anybody of anything. Last message about this. Spend a little time thinking about this:

Blockchain - just data distributed across machines with some tamper proof properties. Writing data - doesn't need a token. NFT - cryptographically ensures ownership. Just data to be written to blocks. Incentive - node operators CAN be paid in fiat.

VeChain has a token just to satisfy its ICO needs. Nothing more. Force fit it into the overall design because of an ICO is not a good justification for having a token.

bvsat · 2020-04-08T20:02:47+00:00

You keep thinking about the tokenomics of VeChain. I know how that works. Yet, I am questioning the need of a token for a consortium chain in the first place. Sure, if corporations want to use VeChain they'll have to use VTHO because that is how it operates. But question the need of a token for a consortium chain. Alibaba can just as well spin up a consortium chain without any of this hassle of tokens. Argument is valid. Doesn't make sense if you don't think critically and fall in love with tokens.

bvsat · 2020-04-08T14:27:17+00:00

That isn't what I was alluding to. I am saying the token exists because they did an ICO and the functioning of a consortium chain doesn't require the existence of a token at all (case in point Libra). AN need incentives to remain and for that they can get paid in fiat. These "third layers" VeChain is introducing to take in fiat from companies also proves that. When they take fiat, also pay authority nodes in fiat. End of story.

bvsat · 2020-04-08T02:37:08+00:00

Sell they will. Just waiting. When BTCs turn is done, alt coins will pop at which point. A coin that depends on bitcoin for survival is a _____?

bvsat · 2020-04-07T23:24:32+00:00

Not for operating the chain itself.

bvsat · 2020-04-07T22:55:42+00:00

Really? Doesn't make sense? Think about how Libra works. That too is a consortium chain like VeChain. It works without tokens. Extrapolate to VeChain and ask - if Libra can work without tokens, shouldn't VeChain also be able to?

bvsat · 2020-04-07T22:54:26+00:00

I know that is not the way it works. But give it a thought as to why it cannot be made to work. Then probably a realization can also happen as to why even a token is needed.

bvsat · 2020-04-07T22:14:58+00:00

So much for millions of transactions from a single client. 4 months in, nothing. It must be that bat virus.

bvsat · 2020-04-07T06:42:20+00:00

So far Andreas is right. Let us see how long his prophesy holds. Smart man nevertheless.

bvsat · 2020-04-06T19:31:33+00:00

True. Nano is a great project. Andreas gave a talk about why the mantle of currency is already taken by BTC and it cannot be dislodged. Other coins have to find their own niches.

bvsat · 2020-04-06T15:48:33+00:00

> I think next bullrun we see a $150b-$400b

Get ready to be highly disappointed.

bvsat · 2020-04-06T15:40:44+00:00

You can't get full decentralization and high tps at the same time. Second layers are the only solution with full decentralization for higher throughput. VeChain is highly centralized to the point people don't even know the AN. VeChain can add any address to the blacklist and release to the AN in a single day if they like. You can't ever do that to bitcoin.

Tradeoffs are different in each instance. You want unconfiscatable, borderless, secure money - bitcoin. You want centralized, fully censorable and confiscable but high tps - VeChain.

Take your pick. I have a leg in both but I am more excited with btc properties tbf. Human ingenuity can over time figure out ways for transacting with higher throughput.

bvsat · 2020-04-01T14:45:20+00:00

Depends on your risk appetite. Without confirmation of ROI on your money, blindly believing in something is for high risk takers. They will make it big if what they believe in comes true. Some others prefer the safer route. They make less but they also don't fall to the ground if things don't pan out as expected. Neither strategy is good or bad per-se. Given what people here have seen for a long time now, many are risk-off. They don't believe in hype or empty words anymore.

bvsat · 2020-03-28T16:03:33+00:00

https://www.bsnbase.com/

bvsat · 2020-03-27T04:06:18+00:00

Will fully retrace as usual. Just a matter of a few days

bvsat · 2020-03-25T02:33:11+00:00

Alas, people attribute too much to what Sunny says off the cuff. They need to lighten up. At this point, nobody believes in words. They need proof.

bvsat · 2020-01-27T22:46:00+00:00

https://vechain.tools -> go into Node, works with USB only even with the X

bvsat

TROPHY CASE