/biz/ - Business & Finance

>>10222910

The discussion is here based on reality that VeChain is a China Hustle: a failed startup from 2015 who had no clients or revenue and saw the 2017 crypto ICO boom as an easy way to make money.

VeChain plebbit is delusional.

VeChain Plebbit Today:

> There's been a lot of chit chat and talk about VeChain taking over Ethereum. But I'm thinking bigger, could VeChain take number 1 spot and kick Bitcoin out of the limelight?

>>10217431
holy fuck
sauce?

I have been calling the shitcoin out for months and there were fags talking about "muh $15 by mid july and that's being conservative" etc

lol

>>10208763
Just gtfo and stop shitting up the board, Raghunath.

>>10197071

Fucking retarded calling anyone with sense who calls this a China Hustle a salty waltie. They're both scams

>>10198056

Fucking retarded. Why do you hate money Anon?

> 18,000 VeChain at ATH was worth $145,000
> Now worth $45,000
> If Bitcoin doesn't do well it might be worth $10,000 in a few months
> You could have kept your $145,000 and had 7% returns which is $10,000 in passive income per year
> But you want a China Hustle X-node - how long do you think it'll take you to make that $100K plus $10K compounding yearly you lost?

>>10192326
Salty bagholder spotted

Very shady, dont get chinked

Chink scam

>mainnet live
>no block explorer
?!?

Daily reminder that VeChain is a chink scam.

Chink scam, very shady

scam chinkcoin

Muh Ethereum killer

I can never look at chinks the same way again, all of them seem to be bastards who just want to take advantage of you.

>>10057011
>stay poor

> thinking Chinese shitcoin is going to provide you dividends and passive income

stay stupid.

>>9963429

> More scaleable than Ethereum with improved smart contracts
> Best supply chain network
> Better IOT than IOTA
> Better private data and secrets contracts than Enigma
> Zero bugs on platform
> Charismatic leader
> Great volume and demand from enterprises
> High quality ICOs like Mustang Chain


Easy $100 EOY after mainnet

>>9947383

Some of them are obvious like TRON. VeChain I believe is worse in that like Theranos the scam is intricate enough to lure craeful investors

> Vechain exists since 2015
> Vechain articles can be found from 2016
> Company makes no money, has no success.
> 2017 Crypto Bubble happens
> Every shitcoin makes massive money
> Sunny registers Vechain.org in August 2017
> Vechain ICO launches
> Vechain copies Ethereum code, rips off entire EVM and says they build an improved Blockchain from scratch
> Easy money in crypto when they couldn't make it through a legitimate business
> And (you) believe they'll let you make money through passive income holding their tokens

>>9873280
>Money will move into real products - same thing happened in 2000. Shitty redundant dotcoms died, real products flourished. See Amazon.

> China Hustle ≠ Amazon
> VeChain shit was around in 2015
> You can still find articles for it from 2016.
> Their crap wasn't going anywhere.
> Enter 2017 Crypto Bubble
> Shady Lu sees opportunity. Easiest way to make money is ICO
> Register Vechain.org in August 2017, start copying Ethereum, rip off entire EVM
> We started from scratch, we have great project

Even if VeChain ever makes money from Blockchain, Anons never going to make passive income. It's still Chinese hustle after all.

> From Scratch = Copy Paste Ethereum code and entire EVM
> Then talk shit that they do everything better than Ethereum
> Do supply chain better than everyone else
> Do private contracts and private data better than Enigma
> Do IOT better than IOTA
> There has been nobody on Vechain with technical expertise to present and talk about their technical solutions
> Only Sunny Lu sounds like a used car salemans blabbering on about something he barely grasps

Bitconnect is the obvious scam that will be the enduring image of the bubble. But there are going to be tons of others that will be absolute dogshit that people who think of themselves as astute investors right now are holding.

- CEO tweeted “buckle up my airline gonna take off” on New Year’s Day.
- CEO tweeted “I will buy as much (of my token) as I can” as price is “undervalued”
- CEO has admitted to trading his own coin
- project claimed to have Vitalik as advisor. This was denied by Vitalik.
- At a big conference in early 2018, CEO flashed nice slide with BMW logo stating “The Rumors Are True” , at that time and even now it’s only a project with BMW start up garage
- Came up with a Privacy paper in Feb claiming to be the best in the business, prominent community members went into Top Privacy project’s telegram to taunt and abuse the team and community there. Privacy paper was later dissected and never heard off again
- Allegedly has an insider (contracted by the team) going about as “coca cola kid” spreading a mix of insider info and downright lies (PBOC partnership) to facilitate hype for pump and dump. Actions condoned by team in clear sign that this was allowed
- CEO in a clear arrogant stand replied “Who is WTC?” to a question on another big blockchain initiative
-Removed PwC logo from website because they aren't partnered with PwC, only PwC China/Hong Kong, which is different
- CEO repeatedly claims to be the founder (singular) when research has shown the original founder to be some one else . At best he should be “a co-founder” and not “the founder”
- page 3 of white paper says “build a trust free” blockchain when the blockchain is the opposite of trustless as it has trust built all over ( trust their selection process, trust the limited number of authority nodes, trust that they won't falsify the records even though the nodes don't have to achieve any kind of consensus amongst eachother
- Claimed to partner with Oxford University but got told to take down the tweet by Oxford and no partnership or working relationship has been heard of since
- Open sourced code is just a blatant ETH for with Ctrl+Find+Replace Ethereum -> thor plus blake2 hash added

When will this blow up?