/biz/ - Business & Finance

>>18829089
>There's a lot of truth to this. The subway shop and "verify with your eyes" sounds off the rocker though. Yes, they did unlock tokens that we're said to be permanently locked. B2C is delayed. And VIDS is shelved. All that is true so take that for what you will.
On the flip side, everyone is awaiting a possibly soon Binance listing. If that happens there will likely be a pump. No telling how high and if there will be a dump back down to normal levels or not. There's also the hardware player announcement. Yes there's risk.
You do have to verify paper documents with eyes, which makes it completely worthless. Why would a company pay for that, especially in the current economy (answer: their clients are not paying regular prices). Their offices is also next to a Subway and is a shared rental office building. The reason this matters is because you have the option of uploading your sensitive files to their servers and they will validate the files for you. Pic related. Not secure or safe.

>But the key take away is Binance.
It's been promised for over a year. But this is a clear example as to why the coin's utility is to serve as a predictable pump and dump.

I'm willing to bet that in three to four months you will get an update from V-ID that blames their lack of growth on CO V-ID 19 and will use that excuse to dump more on you.

>tfw you realize v-id's "advantages" are non-existent and it is nothing but overpriced garbage during a quarantine

>>18396906
>I am sure you can also register and enter the IBM HQ and set up a sensor into their roof.
The project isn't led by V-ID and it wasn't their sensor. Fail.

>>18396914
Checked out this post and according to my thorough research everything you said is bullshit. Fail.

>>18399399
>>18399343
>>18399461
Based.

>They are not a growing company anymore.
The "advantage" of V-ID was that they'd show up in person at the business and provide training. Oh noes. COVIDT-19

The project is overpriced and worthless. Customers cannot validate files in bulk, there is no software, and the team has to come to your place of business to validate or you have to upload all your sensitive files to the server of a small Dutch startup ran out of a shared office, next to a Subway sandwich shop. Pic related. To be a reseller of V-ID, you need to pay for tokens upfront, bought on exchanges, and hope to move it by roping in customers. Meaning the more tokens you need, the more you have to pay. Does that sound reasonable? Having to pay a company to sell their product? The tokens are worthless on their own. MLM pyramid scheme scam.

I repeat, there is no software. V-ID also delayed the release of the B2C app. You know why? Because there is no app. There is no software. If there was software already, all they'd have to do is build a browser wrapper app with an embedded payment processor. This app was under development since 2008. Now delayed until nearly 2021. That screams SCAM and VAPORWARE.

>>17094113
>>17093911
Wrong. Go ahead and discredit this image from their own Medium article.

>>16839541
>>16839548
The project is overpriced and worthless. Customers cannot validate files in bulk, there is no software, and the team has to come to your place of business to validate or you have to upload all your sensitive files to the server of a small Dutch startup ran out of a shared office, next to a Subway sandwich shop. Pic related. To be a reseller of V-ID, you need to pay for tokens upfront, bought on exchanges, and hope to move it by roping in customers. Meaning the more tokens you need, the more you have to pay. Does that sound reasonable? Having to pay a company to sell their product? The tokens are worthless on their own. MLM pyramid scheme scam.

When you subscribe to V-ID, you have to appoint ONE person at your company to be the validator. V-ID will do KYC on the person, then give them access to website and allow them to upload files. One person. This is not conjecture.

>ICO for V-ID: 2018 Q4 (and still work-in-progress as of 2020 with no consumer app - supposedly "coming soon")
Makes you think.

>>16777319
>The purpose of their business is to provide data security.
Data security from a shared rental office building and one single point of access. And having to upload the files to their servers to have it validated in bulk. Epic.

Validating 50,000 documents a month, like AmSpec is doing, means it costs nearly one million dollars a year with V-ID to validate hashes on the blockchain versus $99 a year with Acronis (or less than $1000 if you use a server). And you only need one copy of Acronis per office: https://notary.acronis.com/

Acronis Notary costs $99 for the whole year and comes with a cloud backup solution, HDD image creation, and all the validations are free. That's right. Free. Because 99% of people who buy the cloud backup solution are not using notary services in the first place and they're subsidizing the transactions of those who do need the service.

Why would any company choose V-ID over Acronis is beyond me. Not only is it cheaper, but Acronis also works with every Fortune 1000 company.

The project is overpriced and worthless. Customers cannot validate files in bulk, there is no software, and the team has to come to your place of business to validate or you have to upload all your sensitive files to the server of a small Dutch startup ran out of a shared office, next to a Subway sandwich shop. Pic related. To be a reseller of V-ID, you need to pay for tokens upfront, bought on exchanges, and hope to move it by roping in customers. Meaning the more tokens you need, the more you have to pay. Does that sound reasonable? Having to pay a company to sell their product? The tokens are worthless on their own. MLM pyramid scheme scam.

Validating 50,000 documents a month, like AmSpec is doing, means it costs nearly one million dollars a year with V-ID to validate hashes on the blockchain versus $99 a year with Acronis (or less than $1000 if you use a server). And you only need one copy of Acronis per office: https://notary.acronis.com/

Here's one of the Acronis wallets: https://etherscan.io/address/0x00472c1e4275230354dbe5007a5976053f12610a

One customer can notarize once every 70 minutes (files gets batched to reduce costs for Acronis and make it virtually free for the customer). Now refresh that page and you will see a different client notarizing at least once every minute. It costs less than 2 pennies for Acronis to validate a hard drive. You can validate 20 times a day or 600 times a month. Costs less than $12 a month for Acronis if you do nothing but validate 24/7. V-ID charges a minimum of $54 for a subscription alone, not counting a $2.22 charge per file.

To be a reseller of V-ID, you need to pay for tokens upfront, bought on exchanges, and hope to move it by roping in customers. Meaning the more tokens you need, the more you have to pay. Does that sound reasonable? Having to pay a company to sell their product? The tokens are worthless on their own. MLM pyramid scheme scam.

WARNING! Bagholders hoping to pump their bags for the 12-28 announcement, but do not be fooled. The announcements will be "coming soon" nothingburger. The project is overpriced and worthless. Customers cannot validate files in bulk, there is no software, and the team has to come to your place of business to validate or you have to upload all your sensitive files to the server of a small Dutch startup ran out of a shared office, next to a Subway sandwich shop. Pic related. To be a reseller of V-ID, you need to pay for tokens upfront, bought on exchanges, and hope to move it by roping in customers. Meaning the more tokens you need, the more you have to pay. Does that sound reasonable? Having to pay a company to sell their product? The tokens are worthless on their own. MLM pyramid scheme scam. WARNING!

>>16600847
1. Non-tech savvy people have no clue what the difference is between uploading a file VS the hash. See pic related, first point, you liar.
2. You break into V-ID offices, you have all the info you need about every company that ever deals with them. Shared office building. Could also be hacked, there's only one point of access instead of thousands of servers around the world. Retard.
3. You need to buy VIDT tokens to BECOME a reseller. Sounds like a pyramid scheme like Amway and Mary Kay. Any company that makes you give them money for the opportunity to make money is a scam. Fucking retard. Acronis pays 20% per referral.
4. Because you're a retard.
5. Wrong.

>>16319402
>>16319502
>>16319448
This is all bullshit.

1. It costs $99 a year for a workstation licensense and server backup costs $839 a year: https://www.acronis.com/en-us/business/backup/linux-server/licensing-options/
2. All the features you receive for those prices, which includes Notary and cloud storage: https://www.acronis.com/en-us/business/backup/linux-server/features/
3. You only need one computer to use the notary features, if you do not need cloud backup, ransomware protection, universal restore, and so forth.
4. If you do all the work on an in-house server, saving everything onto the server, you do not need local backups in the first place.
5. The person that talked with the rep is a complete autist and didn't know how to ask the right questions. Which is exactly why I said in a pasta earlier that if you don't believe the prices, contact Acronis customer rep services and prove me wrong. Post the chatlog.
6. Acronis business clients do not need to build a client side interface for their clients to do verifications, because a browser page already exists: https://notary.acronis.com/verify

>Also imagine trusting acronis with your sensitive data instead of simply sending v-id a hash to put on the blockchain.
Yes, imagine trusting a cyber security cloud storage solution that provides backups for major corporations and servers. Companies trust them with their sensitive files, but not hashes! They're going to trust a shitcoin dutch startup ran out of a shared office. Nevermind that V-ID asks clients to upload files to their server. Pic related.

Oh and here's from the Acronis Notary manual,
>Note: The notary service application programming interface (API) enables you to notarize a file without uploading it to the cloud storage. Instead, the file's pre-generated hash can be used. For more information about using the API, refer to "Managing API keys"
Bagholders BTFO once again.

>>16294511
Liar. You don't need to have Acronis True Image installed on every computer, as you can now validate with the Acronis API or through your web browser. You no longer need the True Image app installed on every computer to notarize, you only need an account with an Acronis Cyber Cloud subscription: https://www.acronis.com/en-us/cloud/service-provider/notary/
>Acronis Notary API enables tight integration with any application, with the ability to tie the service’s backend into a user interface.
>The notary service application programming interface (API) enables you to notarize a file without uploading it to the cloud storage. Instead, the file's pre-generated hash can be used.

Then look at pic related: https://medium.com/@pim_vee/v-ids-file-validation-process-explained-fc592782e14a

>Validation can take place in two ways: validation by a certified V-ID employee and self-validation. The first way is presently used for V-ID’s client base. The second way, self validation, is under development and planned for release Q4 2019.
>Self-validation: This method allows an employee of the issuing organization to validate files at any time. First, an employee of the publishing organization is appointed to become a Validator. This person’s identity is then established on site by a V-ID agent and V-ID-appointed notary. After V-ID has created the Validator’s profile on the platform, he or she is able to log in at a Validation Terminal.
You dishonest lying bagholders keep implying that thousands of employees will be validating with AmSpec. That's a lot of in-person meetings with the V-ID staff. More like one person.

Even if that wasn't the case,

V-ID with AmSpec:
50,000 validations X 12 months = 600,000 * $1.65 = $990,000 + Subscription plan

AmSpec with Acronis:
$990,000 / $99 Yearly Subscription = 10,000 work stations equipped with Acronis True Image + Unlimited validations + 5,000,000 GB of cloud backup space (lol)

Did you know that not everyone can validate with V-ID? See pic related.

>Validation
>How can you know that the file you are verifying was validated by the actual rightful person or entity that represents the publishing organisation? Or in other words, how can V-ID be sure that validated files are not fakes? This is where V-ID’s validation service comes in.
>Validation can take place in two ways: validation by a certified V-ID employee and self-validation. The first way is presently used for V-ID’s client base. The second way, self validation, is under development and planned for release Q4 2019.
Q4 2019? LMAO. And you have to give your files to the V-ID team to get a validation going? Okay, let's see what this self-validation really means:

>Self-validation
>This method allows an employee of the issuing organization to validate files at any time. First, an employee of the publishing organization is appointed to become a Validator. This person’s identity is then established on site by a V-ID agent and V-ID-appointed notary. After V-ID has created the Validator’s profile on the platform, he or she is able to log in at a Validation Terminal. The Validation Terminal has a user friendly interface, where files that need to be validated can simply be submitted by dragging and dropping.
BWAHAHAHAHAH. Not everyone can validate around the world after all, but only one person per company. Acronis wins once again.

VIDT HOLDERS ON SUICIDE WATCH

https://medium.com/@pim_vee/v-ids-file-validation-process-explained-fc592782e14a

>Validation
>How can you know that the file you are verifying was validated by the actual rightful person or entity that represents the publishing organisation? Or in other words, how can V-ID be sure that validated files are not fakes? This is where V-ID’s validation service comes in.
>Validation can take place in two ways: validation by a certified V-ID employee and self-validation. The first way is presently used for V-ID’s client base. The second way, self validation, is under development and planned for release Q4 2019.
Q4 2019? LMAO. And you have to give your files to the V-ID team to get the hashes? Let's see what is coming later this year:
>Self-validation
This method allows an employee of the issuing organization to validate files at any time. First, an employee of the publishing organization is appointed to become a Validator. This person’s identity is then established on site by a V-ID agent and V-ID-appointed notary. After V-ID has created the Validator’s profile on the platform, he or she is able to log in at a Validation Terminal. The Validation Terminal has a user friendly interface, where files that need to be validated can simply be submitted by dragging and dropping.
BWAHAHAHAHAH. Not everyone validate after all.