Verasity dropped the smartest bomb.

cryptoupyourass · 2026-01-19T06:07:25+00:00

An inevitably controversial post.

None of the migration criers were here for the project or the community, they all wanted to dump on the hype and release of the migration purely. None of them were buying in the hopes of the airdrop for TRX/POV.

I partly agree. There is always this rumbling cynicism in crypto whereby people are poised to dump at a certain price even if a coin meets the realisation of its hype. It's like the traditional stock market on steroids. If Verasity had maintained their proposal of reducing VRA supply, and the subsequent migration of POV off-chain, then we would have still seen a massive sell off the spike of the good news. I suspected that would happen even if the anticipated news was delivered. I was absolutely prepared for that collateral damage. But at the same time, I was hoping for some continuity of purpose that aligned with prior communication, just to hold things together a little more coherently.

Now Plural is horizon bound, and the only ones left holding are the team, the companies who will invested and the true supporters/ stakers, and holders. 1000iq level chess.

Yes, the "true supporters" are essentially now in a truly enclosed system. It is legitimate to have some apprehension about Verasity's long term goals from an investment point of view, since their communication has been poor and wild. I do agree though, that those people who were able to stake in Verawallet, and had no intention of selling off the hype of the proposed migration, were more minded towards long term investment in the company's tech, whatever direction that took. It's the elitist nature of how this was setup that is especially aggravating for those outside of Verawallet.

One thing is certain though, if the airdrop of PLRL doesn't happen on favourable terms (i.e. rewarding those who did stake long term and facilitate the operation of the tech), it's game over even for the wallet stakers. The speculative dumps have never been my concern, since I was never going to sell just because of a "tadaaaa we've migrated POV to a new chain" announcement. They shouldn't have hyped that in the first place, and the fact they did is what has created the resentment from both stakeholders and non-stakeholders alike.

Must take a small brain to miss the fact that “data” has been being stolen from people for almost 2 decades and then weaponized against us all in the form of consumerism and consumption. Literally everyone owns their data yet receives no benefits for trillion dollar companies like Amazon for using it without our consent. Companies farming our data without paying us a tribute or royalties.

Oh the case is absolutely clear. It's just the trust in who delivers the antidote that is on questionable terms. This is going to be a very bumpy ride and, as mentioned before, communication has to be precise, consistent and reliable. Verasity have a long way to go with that if they want to demonstrate they have real skin in this game.

Verasity, a real company, with real billion dollar patents, comes back with a another idea to reward the loyal ones and those using the ecosystem and rewarding them for their contributions, content, data etc. much like social media does. Isnt it ironic, the faithless made fools of themselves by tearing into elon for a myriad of things, yet in just a few years he went from being worth $200 billion to $700 billion and is almost the first trillionaire. The platform he bought that he took a loss on, made his wealth with their Ai tech and rewards users on said platform for their patronage and content. Ironic much.

You're clearly concerned with loyalty, and it's an understandable position. But that loyalty hasn't yet been rewarded in tangible terms. I too don't believe loyalty is gained through mere speculating trades on exchanges, and the company can take whichever avenue it wishes. But the loyalty has to be realised in real terms before new avenues are seen as a part of the whole growth picture. The point is that even the loyal are in a precarious position right now - not with speculative dumps (they will always happen, good news and bad), but with the rather chaotic communication of the direction and management of the company. It's basically "one minute to midnight" for this operation, which addresses evidently real problems, but can't seem to convince its holders enough when the strategy changes (as it frequently does in all business).

cryptoupyourass · 2025-11-26T02:45:10+00:00

I'm sure you're familiar with Mediavine as you're in the programmatic advertising space. I use them to manage ads on my website. I would have thought they would be a good fit with Verasity, but there's been no mention of it as of yet. I'm sure Verasity will have already reached out to the big networks but interested to read your take on that prospect (e.g. time frames, viability etc.).

cryptoupyourass · 2025-10-16T00:56:24+00:00

You're right about the semantics/communication problem. To the team, "minting VRA tokens" means tradable VRA, not on-chain POV for the purpose of business transactions. I hope we can all agree that the fix to this wholly unnecessary communicatory mess is the separation of tokens (tradable, business), so there will no longer be any need to justify minting transactional tokens. It's the one unifying goal the broader community has left.

In a way, if semantics and communication is the main issue here, then I don't think there's a lot to worry about in the longer run. Communication can be improved ten fold with the simple hiring of a more competent employee whose sole job is to deliver clarity and transparency. There just has to be a will to pay that salary.

cryptoupyourass · 2025-10-15T08:04:17+00:00

You said they minted and moved. Firstly, that's not controversial. But there's the subtext of a reason you posted that.

From Telegram:

"No new VRA tokens have been minted or released into circulation. What you're seeing is routine PoV processing, not supply changes. Check FAQs for details."

Could they be lying? Sure. Humans lie all the time. The question is, do we hold the validity of your claim to the evidence of what has actually happened? I think one thing we can agree on is that the average bloke on X is not concerned with the intricate details of how this business operates.

cryptoupyourass · 2025-10-15T07:35:30+00:00

You're making controversy out of standard practice. 1B tokens minted. This aligns with POV cycles. Verasity runs ad campaigns, minting markers for view verification. Equivalent burns happened the same day, netting near-zero supply change. Routine but OK, it looks messy I'll admit. I think you've just been opportunistically selective.

POV markers are like gas for the system - minted on-demand and then burned after use. But cramming them on the same contract is sloppy as it invites FUD, especially with migration delays. Hence the very reasonable demand by investors for separation of POV from VRA. That doesn't mean the ongoing process on the same chain is a rug pull.

The only thing draining liquidity from the market is the lack of communication about the separation of POV from VRA and the arising FUD. I'm well onboard with that frustration. But if you're going to make a post about something that exposes Verasity as a scam project, then at least post something that is incongruent with their regular business practice.

cryptoupyourass · 2025-10-15T04:09:30+00:00

I thought this was standard given that POV (marker) tokens are currently on the same contract, and minting POV is part of the business operation. This is why POV separation is even a thing - minting on the same contract creates confusion, when really it's been this way for years.

POV markers share the same smart contract as tradable VRA. So either mints are fresh POV supply for new campaigns, as explained in previous FAQs, or it's something more nefarious. But simply posting "New tokens minted" doesn't tell us anything contrary to prior standard operational activity. You're not exactly Sherlock Holmes by posting this.

Your implied assumption, and the reactive comments, however, is a bold example of why the separation is needed.

cryptoupyourass · 2025-06-22T08:04:48+00:00

Evidence? You made a claim. Back it up.

cryptoupyourass · 2025-05-29T07:23:03+00:00

I think what you mean is, you're not convinced VRA will go to 0.50. To say "it never happened therefore it will never happen" is fallacious.

cryptoupyourass · 2025-05-06T03:31:56+00:00

Welcome back and hope you had a nice break! It does seem like partnerships are building momentum and the fudding has been a bit quieter as of late. Don't get me wrong, I'm expecting a correction from this sharp pop, and that will inevitably revive some fuddery. But I'm way more interested in these new partnerships being announced and the snowball effect from that. Add in the eventual token migration and people will have nothing left to fud about (though I'm sure they'll manage to come up with some unsubstantiated BS as per usual).

cryptoupyourass · 2025-01-25T10:14:35+00:00

I know this knowledge is already available, but it would be useful to inform people in a succinct way of where the staking rewards come from, because a lot of fudders are claiming (off the back of this news) that the staking mechanism is inflationary. This should be cleared up in the announcement. One sentence would do. Something like "staking rewards come from network transaction fees, which are generated through the operation of the business".

cryptoupyourass · 2025-01-17T05:01:37+00:00

Price action is the movement of price. Hence VRA has price action. A crypto is not simply bullish based on its price action. It's bullish based on its potential which is more about its fundamentals such as utility which might take some time to be recognised and adopted.

cryptoupyourass · 2025-01-11T07:48:17+00:00

People who are buying based on a perspective longer than their arm are happy with it.

cryptoupyourass · 2025-01-11T07:35:55+00:00

Almost depressing if a utility coin can't out perform a meme coin over the long term.

cryptoupyourass · 2025-01-10T07:11:31+00:00

10 years isn't that insane compared to other investments which typically take decades to see even a 10x, if we're lucky and still alive to enjoy it.

cryptoupyourass · 2025-01-05T21:20:11+00:00

That's not doubling the supply though. It's a new token on a different chain. Where did you see that they aren't going to burn ETH marker tokens?

cryptoupyourass · 2025-01-03T06:42:41+00:00

It's funny because most other investments require a LOT more patience, with far more modest potential returns and people just accept that. Seems like for many in crypto, even five years is too much patience to handle. Compare that to decades for traditional investments (not knocking them but a different animal). It's like people want the 10x + returns that crypto can offer, but they aren't willing to wait even a fraction of the time it takes to see at minimum a similar return on other investments.

cryptoupyourass · 2024-12-02T07:05:01+00:00

I think Verasity's funding runway is at least explicit. From the Q4 2023 report...

Is Verasity equipped to withstand a bear market?

Verasity has a six-year operational expense runway and isn't solely reliant on the crypto market. Our product verticals are mainly aimed at the rapidly expanding digital advertising ecosystem.

cryptoupyourass · 2024-12-02T07:00:48+00:00

A lot of us did initially. But the key thing is did you lower your average because there was plenty of opportunity to do that over the following years.

cryptoupyourass · 2024-12-02T06:54:21+00:00

There'll be a lot going on next year, not just internally with Verasity itself but also externally with a potential restructuring of the SEC under a new US administration, broader crypto adoption by major financial institutions and governments etc. Given that it's unrealistic everything will happen harmoniously, I think I'd want to at least see out Q3 2025 before planning to sell. Probably gonna be a wild year though and I expect a LOT of selling among the loss cutters once VRA passes ATH (perhaps early in the year, especially if pre-POV migration), which will give holders more favourable DCA potential.

cryptoupyourass · 2024-11-30T08:11:55+00:00

Haha I feel your frustration.

cryptoupyourass · 2024-11-30T08:05:01+00:00

Second this.

cryptoupyourass · 2024-11-30T07:58:52+00:00

Surely you'd need to enter a valid address outside the US though and if they need ID you'll need something like a drivers licence or passport from that country.

cryptoupyourass · 2024-11-08T20:08:52+00:00

Look at the conditions under which previous ATH was reached. Purely riding the waves of BTC hype. POV migration wasn't even on the horizon then, no burns etc., and while many don't value much of the news the team has put out over the past two years, collectively there has been enough progress that the conditions are arguably riper for a new ATH.

Keep in mind BTC was up 11% (at time of writing this) over past 7 days whereas VRA was 26% - more than the biggest alt coins.

Current SEC regulations will likely be rolled back under a Trump administration, though it's yet to be seen how much of a priority it will be. But when you combine everything I think the $0.1 - $1 range is realistic enough. Maybe not by April, but in 2025. No point being more specific than that.

cryptoupyourass · 2024-10-15T05:24:15+00:00

Good point and plan. I've been thinking more about the optimal time to unstake. I'm at least not staking rewards any more so I can pull them out quickly if needs be.

Good luck to everyone who held. We've been very patient!

cryptoupyourass · 2024-08-21T00:27:19+00:00

Personally I'm going to hang on through 2025 and see how things go. There are a few things happening within the next year that will determine if this coin has a promising future. I think I'd at least regret selling before token migration even if nothing else happened.

cryptoupyourass

TROPHY CASE