/biz/ - Business & Finance

>>10973065
>giant partnerships
>giant

LMFAO

they're scamming y'all and you're not even noticing it. When you'll get it, it'll be too late. I warned you. Screencap this.

>>10973098

Absolute brainlet.

>>10973127
kys

>>10973065
They have 100% control over the network, it uses 101 whitelisted (by them) nodes. It's a PaaS company. The 'governance structure' gives 50% of votes to these nodes, another 50% to VET holders. In addition, only 41% of VET tokens were offered for public sale.
There's no possible future in which that arrangement ends up being profitable for holders.
It would work with stock, but as it is there's no legally binding obligation for them to use the tokens in any way.

What's going to happen is once price pumping with partnerships stops working and people start demanding money flows from the users, they are going to redesign the system so that the entire revenue goes to the company and few biggest partners, with tokens owners completely shafted. Assuming there's any revenue in the first place.
There's literally nothing preventing that scenario except for their good will.

>supply chain
>centralized and fully controlled "public" blockchain
>chink

nobody is going to find any value in this public network, and nobody outside of china is going to use it other than late adopter speculators

Weren't private blockhains tried in like 2010 and found to be a terrible replacement for traditional databases?
That being said, if a bull start this might pump because of the unrelenting shills. Big if.

>>10973251
This is new! Congrats on at least having a bit of originality, even if the idea is still pure garbage!

>>10973483
>chinks can make your coins worthless when it suits them
>unironically expecting them to not do it out of their kind hearts

>>10973511
The foundation is incorporated in Singapore, a country with strong legal protections against that sort of malfeasance. The foundation is controlled by 1) DNV GL, a European assurance company whose entire business rests on being seen as whiter than white when it comes to plain dealing; and 2) PwC, another business who depend for their livelihoods on being known not to screw over the people they work with.

Try again, really.

>>10973536
did you even read the whitepaper? There are no protection at all. There's voting, 50% by node holders and 50% by vet holders. There are no limits to what can be changed by voting.

>>10973558
Penal Code section 415 my dude.

Also, you're an idiot.

>>10973065
Because it's arguably the only crypto with an actual use case for enterprises and governments? Next question.

>>10973590
cheers mate for the legal info. Been a VEN holder since December. Here's to a bright future!

Just please at least view some of this articles about PWC involved in serious frauds...

https://www.google.com/search?client=firefox-b&ei=TEWRW-COIsS2kwXo2In4Ag&q=pwc+involved+in+fraud&oq=pwc+involved+in+fraud&gs_l=psy-ab.3...9469.20602.0.21191.19.19.0.0.0.0.165.2044.0j16.16.0....0...1.1.64.psy-ab..3.15.1927...0j0i67k1j0i131k1j0i22i30k1j0i19k1j0i22i30i19k1j33i22i29i30k1.0.mhKP9vlYP4s

Obvious chink scam coin is obvious

>timing the ICO on a bullrun when people are least suspicious
>implying they are chinacoin or "connected"
>implying they are Western by reaching out to small Western companies (DNV GL is a small company)
>having a "foundation" with a associate professor and your corporate buddies on it
>evolving from a supply chain to a platform to a worldwide financial system...in 2 months
>shill armies on reddit and telegram suppressing discussion
>being a Chinese coin with no Chinese customers
>partnering with a wash trading site to pump your volume
>creating tokenomics that force people to hold or buy preset amounts
>creating a news cycle by manufacturing your own (medium)
>cult of personality (Sunny Lu)
>contests, airdrops, and giveaways
>"stealing" ICOs when most are failures
>taking code and repurposing it as your own work
>absurdly long whitepapers and financial "reporting" riddled with jargon meant to confuse people that are impossible to verify
>changing the rules and parameters as you go
>hype marketing (CCK and CREAM)
>constantly implying thing are happening tomorrow, or next week
>call everyone who disagrees with you FoxyIT
>pump a bunch of money back into the tokens
>pump fake transactions to make it look like your chain is being used (then stop)
>imply you are going to save the children in all of China by tracking vaccines
>put an RFID chip on a sticker and call it tamper proof
>have Teeka shill it
>september 1st the phoenix rises from the ashes blah blah
>more undefined partnerships with chinks
>timing your medium articles with your "announcements" for maximum shilling

PwC carries out a huge proportion of all the audits in the world. It is inevitable that individual auditors will make mistakes or be corrupt from time to time given the scale of the operation. But here we are talking about the company itself buying in and being part of the setup, specifically taking on a role that is intended to guarantee the rights of the stakeholders. If they were involved in such a massive, impossible to hide public fraud as to suddenly restructure the whole operation so as to deny the promised returns to stakeholders, not only would they be criminally liable but they would also basically destroy their business. There would be no 'let's hope we don't get found out cover'. It would destroy them (the China and Pacific branches) utterly. And that's to say nothing of DNV GL, whose main purpose for their whole existence is to be the trustworthy third party everyone can rely on. They aren't going to go within a hundred miles of potential fraud, let alone publicly take part in an actual criminal conspiracy.

>>10975092
How do you spin this?

https://twitter.com/BYDCompany/status/1037605045309591552

They're the largest electric vehicle manufacturer in the world.

>>10975295

Well obviously they have either been duped or are in cahoots with Sunny.

Listen, I am trying to help you faggots. You need to watch China Hustle. This should tell you everything you need to know about Vechain (and BYD too). If that's not enough then ask yourself why you are investing in a project:
- Where the top brass mince around in public with plastic hammers.
- Which associates itself with faggots like "Coca Cola Kid" (KEK) or "Cream".

As I said, I'm trying to help you faggots. Screencap this and thank me later.

>>10975443
hehe you're a funny guy

Sorry, forgot this:

>timing the ICO on a bullrun when people are least suspicious
>implying they are chinacoin or "connected"
>implying they are Western by reaching out to small Western companies (DNV GL is a small company)
>having a "foundation" with a associate professor and your corporate buddies on it
>evolving from a supply chain to a platform to a worldwide financial system...in 2 months
>shill armies on reddit and telegram suppressing discussion
>being a Chinese coin with no Chinese customers
>partnering with a wash trading site to pump your volume
>creating tokenomics that force people to hold or buy preset amounts
>creating a news cycle by manufacturing your own (medium)
>cult of personality (Sunny Lu)
>contests, airdrops, and giveaways
>"stealing" ICOs when most are failures
>taking code and repurposing it as your own work
>absurdly long whitepapers and financial "reporting" riddled with jargon meant to confuse people that are impossible to verify
>changing the rules and parameters as you go
>hype marketing (CCK and CREAM)
>constantly implying thing are happening tomorrow, or next week
>call everyone who disagrees with you FoxyIT
>pump a bunch of money back into the tokens
>pump fake transactions to make it look like your chain is being used (then stop)
>imply you are going to save the children in all of China by tracking vaccines
>put an RFID chip on a sticker and call it tamper proof
>have Teeka shill it
>september 1st the phoenix rises from the ashes blah blah
>more undefined partnerships with chinks
>timing your medium articles with your "announcements" for maximum shilling

>>10975295
>literally who

VeChain is a scam

>>10975443
>- Where the top brass mince around in public with plastic hammers.
Chinese people using props and costumes are all scammers and you should never invest in them.

no dog in this fight but I'd trust money skelly over a chink any day.

>>10975092
This. All of it. You have to be a fucking brainlet not to see through this by now. This shit is China Hustle 101. The supply chain use case is a fucking meme.

>>10975472
Well they're bigger than Tesla.
https://www.fastcompany.com/40517240/the-biggest-electric-vehicle-company-youve-never-heard-of

>>10975443
China Hustle says that Chinese companies fake their valuation to encourage foreign investment. Are you saying that BYD's electric cars don't physically exist and that they tricked Warren Buffet, whose Berkshire Hathaway invested in BYD years ago?
https://www.yicaiglobal.com/news/byd-bumped-ibm-berkshire-hathaway%E2%80%99s-15-most-valuable-holdings-last-year