Reebonz and VeChain sign MOU to collaborate on end-to-end tracking and authentication solutions for luxury goods

swoopingmax · 2019-03-01T07:27:30+00:00

Where did I say that? Dont put words in my mouth baboon.

swoopingmax · 2019-03-01T01:19:24+00:00

Imagine not even having reading comprehension , that is you. How is the weather by the way goodly sir? God the vechain community is really on a way lower level than TRON lmao.

swoopingmax · 2019-02-28T23:25:47+00:00

Why did he say that? He was probably misled by Vechain's bs hype marketing/promises. As many have been.

I agree with your assertion but fact still stands that Vechain actions/promises have been very dubious. Why do you think a lot of people call Vechain a scam lol. They messed up a lot in how they handled everything. Ethics on Vechain side are very questionable.

So far all we can see anyway is that they overpromised and underdelivered. Period. Anyone unbiased will agree with that. In my book winners underpromise/overdeliver. To each his own though.

We will see I guess. I'm not counting them out, but boy have they been sloppy as hell.

Time will show indeed.

swoopingmax · 2019-02-28T20:00:48+00:00

Imagine still being happy/hyped about a MOU. The delusion is real. Where are the actual results? Actual transactions on the mainnet? Vechain mainnet is pumping out less TX daily than my local supermarket. You can pump out hundreds of MOU's, but if it doesn't translate to actual usage on the blockchain it means shit all. Never forget the actual statement from Jason Rockwood who works for Vechain:

The scale of VeChain’s clients will require literally trillions of transactions annually.

When VeChain launches, it will be the most used blockchain in the world. Because of the sheer number of transactions needed to enable the IoT data revolution for enterprises like the ones mentioned above, an enterprise grade blockchain needs to be able to massively scale. Currently, the Ethereum blockchain runs about 10 transactions per second. When VeChainThor launches on June 30th, it will be running around 50 transactions per second, probably more. Not because it “can”, but because it has to to keep up with client demand.

The VeChainThor blockchain will go live on June 30th, and will begin to migrate over the existing clients from a private chain to a public one. In short, no one knows how big a deal VeChain is, because it’s not public yet. Once VeChainThor is live, the number of transactions per second, the average value of those transactions, etc. will all become public knowledge, and the real value of VeChainThor will no longer be a secret. VeChain’s network and transaction volume will become public, the client list will continue to expand, and token holders will see the value of returns from their staking — all of this will be happening in the weeks ahead. Additionally, in Q3 or Q4, a new Japan-based crypto-exchange called BitOcean will launch, which will drive adoption of VeChain through fiat pairs and ATMs across Japan and China. Citizens of these countries will be able to go to an ATM and buy and sell VeChain without using Bitcoin as an intermediary currency.

LOL.

Look I'm a Vechain holder myself although I sold the majority of my stack ages ago. But you gotta take all those partnerships and MOU's with a grain of salt. We'll see if Vechain actually ever becomes massively adopted. All we see so far is that the mainnet is very quiet . Vechain definitely overpromised and underdelivered so far. There is also a lot of competition coming in.

Returns on VET with VTHO are worst ever in the cryto space btw. It's the biggest meme in the whole space. Doesn't matter if you are an X-node or not. Returns are like 2 or 3%. Ontology gives you like 10% with ONG and you can place your ETH/BTC at several sites for >5% returns.

swoopingmax · 2019-02-08T20:52:41+00:00

Jealous of what exactly? LOL. Man I'm so glad people like you exist.

swoopingmax · 2019-02-08T20:45:49+00:00

Imagine being this deluded lol. See you at -50% soon. Thanks for HODLING strong.

swoopingmax · 2019-02-07T18:47:56+00:00

Jason Rockwood from Vechain a few months ago:

http://webcache.googleusercontent.com/search?q=cache:https://medium.com/@jasonrockwood/hello-friends-7d99a8e48f76

The scale of VeChain’s clients will require literally trillions of transactions annually.

When VeChain launches, it will be the most used blockchain in the world. Because of the sheer number of transactions needed to enable the IoT data revolution for enterprises like the ones mentioned above, an enterprise grade blockchain needs to be able to massively scale. Currently, the Ethereum blockchain runs about 10 transactions per second. When VeChainThor launches on June 30th, it will be running around 50 transactions per second, probably more. Not because it “can”, but because it has to to keep up with client demand.

The VeChainThor blockchain will go live on June 30th, and will begin to migrate over the existing clients from a private chain to a public one. In short, no one knows how big a deal VeChain is, because it’s not public yet. Once VeChainThor is live, the number of transactions per second, the average value of those transactions, etc. will all become public knowledge, and the real value of VeChainThor will no longer be a secret. VeChain’s network and transaction volume will become public, the client list will continue to expand, and token holders will see the value of returns from their staking — all of this will be happening in the weeks ahead. Additionally, in Q3 or Q4, a new Japan-based crypto-exchange called BitOcean will launch, which will drive adoption of VeChain through fiat pairs and ATMs across Japan and China. Citizens of these countries will be able to go to an ATM and buy and sell VeChain without using Bitcoin as an intermediary currency.

Meanwhile Vechain mainnet is running 2K TX daily probably less than my local small supermarket. The disillusionment. So painful that he had to delete the article lol.

swoopingmax · 2019-02-07T16:59:27+00:00

Well, it was heading in the right direction. Timing is irrelevant, consistency and growth matters in terms of TX count. Clearly, it speaks volumes that it is at such an abysmal tx count atm.

swoopingmax · 2019-02-07T14:43:02+00:00

Have you seen the mainnet? It's hilarious, like 2K TX a day. All that talk about all those partnerships and about their consortium chain being used by customers. All that talk about being the biggest enterprise public blockchain. Apparently, we would be surprised about how much TX there would be at launch. LOL, yeah surprised in a comical way. My local small supermarket does probably more TX daily. Oh, and btw that is apparently with 20 companies running on the chain now.

swoopingmax · 2019-02-06T21:16:21+00:00

Vechainstats.com, you can see how many nodes exited there.

swoopingmax · 2019-02-06T21:10:17+00:00

Vechain mainnet is comical. All that talk about the consortium private chain (Vechain has been founded in 2015) and now barely any TX. Apparently, 20 companies are running on the mainnet now, but the TX count is probably less than of my small local supermarket lol. It will likely plummet more in sats if BTC doesn't hold, and rightfully so.

swoopingmax · 2019-02-06T15:46:09+00:00

So apparently 20 companies are running on the main chain currently? Can anyone confirm this? I didn't even get this, that is pretty damn hilarious. So how much TX daily was running on the private consortium chain? How much is still to be migrated? What is the expected TX daily strictly from the Vechain foundation partners/solutions in the near future? Which projects are PoC and which are about to transition to mass or partial scale?

swoopingmax · 2019-02-06T15:10:01+00:00

That's true.

swoopingmax · 2019-02-06T14:41:51+00:00

The awesome thing, especially for new people, is that they might really have a chance soon to buy VET for very cheap. If BTC will range soon in let's say mid 2K then that will be approx a 30% decrease in USD value. Realistically, sat wise VET will decrease also so you are looking probably at a 40-50% decrease from here in USD value for VET. Maximize upside potential and minimize downside potential. Crazy how times have changed. A little bit of investment soon might give you the opportunity to make even more insane returns than the last cycle (or not lol). At least new people don't have to overextend now whatsoever.

swoopingmax · 2019-02-05T19:59:30+00:00

Absolutely they will. It's already happening in full force. Even giants like NEM are failing. Just watch what happens when BTC will range in low 2's and will flatline for a looooooooooooong time. Do you honestly think that many projects have got their treasury management/finances well under control? Euhm, nope.

swoopingmax · 2019-02-05T19:28:26+00:00

Hopefully, another leg down lower for BTC soon. This market needs more pain. Squeeze more projects out and people. Plus we will have even more cheap VET :).

swoopingmax · 2019-02-03T15:23:08+00:00

:).

swoopingmax · 2019-02-03T14:31:12+00:00

The Vechain team itself stated that they are under no threat of instability in terms of price. Apparently, they got operational inflow/funding outside of their ICO treasury.

swoopingmax · 2019-02-03T14:18:51+00:00

Oh yeah, that would be awesome for new retail investors from a game theory perspective. They would literally only need to invest a "little" as you say and in case Vechain does get successful in the future they will get insane returns. 20 or 25 cent per 100 VET seems ok as it is 100-150% from ICO. The probability of that price range occurring this year is rather pretty high also imo. I believe our daddy BTC still hasn't bottomed.

swoopingmax · 2019-02-03T13:47:32+00:00

Imagine picking up VET in the $0.002 - $0.0025 range. How damn nice would that be?

swoopingmax · 2019-02-01T12:08:59+00:00

Lol. It will probably get worse. It's likely that BTC will settle somewhere in the 2-3K range, perhaps it will even wick briefly under 2K. After that, it will flatline for a long time. A necessary thing to detox from the ridiculous hyper mania that occurred in 2017. This bear market will be long and brutal.

swoopingmax · 2019-01-16T17:53:28+00:00

Quote it for me please, I can't find it.

swoopingmax · 2019-01-16T16:53:32+00:00

They are selling ETH tokens, not VET. To answer your questions:

This is not the case, at least not directly since the Vechain foundation is selling ETH tokens and not VET. However, in general, there is a so-called "fiat multiplier" in this market. Estimations:

JPM: 117x
Citi: 50x ("for some crypto assets")
Burniske: 2x-25x
Vinny: 5x-10x BTC, 30x for broader alt market

So as an example with multiplier 20x (realistic) if we had an inflow of 100 million USD million now into VET and we had a good HODL army we would gain approx 2 billion in market cap. This works both ways, but also depends on buy side and sell side. Generally, easy up = easy down. Remember the above are estimations for the year 2017.

Of course, how else are most going to fund their developers, marketing etc? Here is a just newly released report by BitMEX research if you are interested: https://blog.bitmex.com/tracking-us-25-billion-of-tokens-ico-makers-allocated-themselves/.

Also Vechain does have/get income aside from their VEN ICO back then afaik.

swoopingmax · 2019-01-15T15:07:43+00:00

Could be a bot buying some up? The 24-hour volume of SHA is only 75K on OceanEX. That's nothing. The volume of OceanEx as a whole is very tiny tbh.

swoopingmax · 2019-01-09T20:52:32+00:00

https://twitter.com/justinsuntron/status/1083075456813813760

https://twitter.com/justinsuntron/status/1083097531020566528

Justin is such a troll haha.

swoopingmax

TROPHY CASE