/biz/ - Business & Finance

Has over a million in yearly revenue with only 2m market cap

>>16598578
Its gonna pump in 2020

>>16598663
Holy shit. That is like the classic set up for a 300X return. Ive seen this shit in prior alt seasons when a token with strong fundamentals rips from the 600s to the CMC Top 100. Hold on tight to your VIDTs in that case. By my analysis, it is foreseeable that it hits around $35.

>>16598702
>>16598578
Can you be any more of an obvious shill? Acronis is going to obliterate V-ID and the devs will stop development on it within six months. Absolutely delusional to think this project will hold any traction in 2020.

>>16598762
I heard they had a flea-infestation at the local Subway sandwich restaurant near VIDT's defunct headquarters.

>>16598762
imagine being so autistic that you cannot perceive entry level sarcasm

>>16598578
Wow you seem to have good buddies!
One of very few crypto projects with actual clients like Amspec, Airbus, Krohne among others. Professional team with high transparency. I think VIDT will perform very well in 2020. https://about.v-id.org/ DYOR

>>16598808
>VIDT's defunct headquarters
You mean the shared "office" (two computers and a chair) with their parent company, WIDIDI.

>>16598823
>cannot perceive entry level sarcasm
>a token with strong fundamentals
I'm not sure how I missed this, LMAO. Good joke!

I hope you guys are accumulating. The price is insanely low for one of the only working products in crypto with more clients signing on and big news ahead.

>>16598904
>the only working products in crypto
A product that can be replicated over a weekend and uses open-source code. Revolutionary.

Make a clone of V-ID and own 100% of the token supply: https://www.udacity.com/course/blockchain-developer-nanodegree--nd1309

>>16598904
Agreed on that, the price is unbelievably cheap rn. I have started to accumulate this one again. Comfy af

>>16598935
I don't understand this FUD

Who gives a shit if their product is easily replicated and generic if they continue to grow their customer base? Once a business starts using the service they aren't likely to look for alternatives anytime soon.

>>16599058
Which exchange are you using? I don’t have any of the ones listed for vid

>>16599242
>Who gives a shit if their product is easily replicated and generic if they continue to grow their customer base?
Because they won't. State the number of clients V-ID acquired in the past six months.

>>16599345
IDEX for eth or KuCoin for btc pair. There are others, but with lower volume.

>>16599345
It´s not vid. it´s VIDT

>>16599358
https://about.v-id.org/focus/

Seems like new clients in Oct, and B2C beta currently underway which will open he doors for resellers to market for them.

https://about.v-id.org/vidt-usage-dashboard/

Monthly token usage has only ever gone up.

>>16599593
>Seems like new clients in Oct, and B2C beta currently underway which will open he doors for resellers to market for them.
That's not a number. V-ID acquired less than one client per month. Their resellers like Caltrix are involved with garbage waste management and home care for the elderly (throwing shit at the wall hoping one will stick), while the other reseller is a shell company ran out of a rental garage/storage unit with no electricity. Acronis will also allow resellers to market Notary starting January 1st and you can see the feature prominently displayed on their website: https://www.acronis.com/en-us/

If V-ID managed to get more clients every month (February: 2, March: 5, June: 10, etc.), I could see the bagholder argument. V-ID has nothing else to do but get clients. Where are they?

>>16599899
you claim that everyone in the telegram is a deluded retard yet you use their own doubts for the construction of your arguments. Very telling

>>16598578
/biz/ already pumped and DUMPED this utter shitcoin idiot. move on

>>16598578
You cannot validate real-world items on the blockchain. No artworks, no photographs, and no photographs of real world items. You can only validate binary and lossless documents, such as PDFs, Powerpoint projects, executables, and audio files. The Rembrandt etching on the blockchain was a marketing ploy to boost the credibility of the project. Good one at that. Fooled me as well. In the end you would still need a third-party examiner painstakingly verifying every single inch of the artwork and play "spot the difference" between a real Rembrandt and a fraudulent one to see whether you have pulled a switcheroo, rendering V-ID's validation process pointless. The artwork is going to be validated by an art examiner, not a blockchain solution. V-ID is as useful as a certificate of authenticity. Both can be forged enough to fool a notary.

Taking photos of a rental car and then uploading to V-ID is also pointless, because your car rental service would first need to recognize V-ID's services as legitimate before you have signed the contract. Said contract would also need to mention V-ID. You cannot escape a charge/fine by pulling up your phone to show that some no-name website says the photo hasn't been altered.

You can validate a scanned document and save it as a PDF and then validate against that same exact scanned PDF, but you could not validate against the original document. Medical and government documents are often printed out, scribbled on, then scanned back in. But even if nothing was scribbled on, a duplicate scan would not match. You would need to verify with eyes.

>>16598578
Dubious marketing strategy encouraging mass spamming and washtrading. Scam tokenomics. Useless worthless token. No unique tech. Operating at a loss. Partnered with LTO. Small side project of another company.

Let's look at the white paper and do some math. They will need 1,500,000 files validated to break even. One file validation costs as much as $2.20, $1.65 on the middle plan, and even less on the bulk volume plan. Let's go with an average of $2 per file validation.
>1,500,000 Files X $2 = $3,000,000
>$3,000,000 / 5 Years = $600,000
$600,000 is their estimated annual revenue as file validations are a one-time fee and not reoccurring. The verifications are free. V-ID sold $3,400,000 worth of tokens in the ICO with a white paper outlining a plan for five years, so the numbers so far are reasonable.

V-ID is a tech company with no unique tech or first mover advantage. Supposedly uses algorithms that cannot be patented, according to bagholders. Multiple competition exists, including Acronis Notary, IBM Blockchain Trusted Identity, and Bitcoin.com Notary to name a few. V-ID's potential advantage is a user-friendly design, which can be had for $10,000. V-ID is in the software industry, so let's value the business at an incredibly generous and delusionally optimistic 3X revenue. In which case the company can be estimated to be worth $1,800,000 as of today.

If VIDT will convert to VIDS, which represent shares in the company and the total supply is 62,391,039 VIDT, then one VIDT is realistically worth 2 cents today. 5 cents if we only use the circulating supply (30,800,318). Of course that's with the 3X multiple. At 2X annual revenue (and only looking at circulating supply), one VIDT is worth one penny. And currently, it's even worth less.

Will the largest VIDT whale with his tokens locked up in a smart contract want to sell or convert to VIDS next year? Will "he" also do cursory math before making his decision? Coin is overvalued and worthless.

>>16598578
Show proof that all 32 clients V-ID has are paying customers and the team didn't offer a free or discounted trial run to boost their numbers to make VIDT more appealing to investors. Validating a file on a blockchain costs no more than 1 VIDT (less than 10 cents), but the team is supposedly charging 10-16 VIDT for clients for essentially doing fuckall but providing an interface to interact with a blockchain. That's 10X profit per file. If you had a company, ready to validate 100,000 files a month, would you want to pay $10,000 or $165,000? All you have to do is a five minute research to save over $100,000 a year.

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, motherfuckers. 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. Large companies that do thousands of verifications a month and don't need a backup solution only pay mere cents per validation. Cents. You can contact Acronis support and get the pricing structure, if you don't believe me.

>VIDT is a scam. Token not needed. They created VIDT for the sole purpose of raising money. Service idea came first and then VIDT got shoehorned into it. They needed a utility coin for an ICO, as otherwise it would have been a useless security token and have no chance of being listed on exchanges or being legal. They knew no one would want to invest in a "1 VIDT = 1 Validation" scheme because that would make it a stable coin and have no speculative value. Which also means that VIDT price doesn't matter to V-ID at this point, they already got their million dollars. Unless they want to dump. All buybacks are scams to raise the price, so you give them your lunch money and create liquidity to dump into when the time comes.

>>16598578
Airbus is a customer of Acronis, FYI. Airbus Defence & Space is a division and has an even smaller division in Netherlands. And V-ID hasn't fully rolled it out yet, even though supposedly they have been a client for over a year. Uh oh. Show one single proof that Airbus has collaborated with V-ID on a large scale or let alone name-dropped them.

https://www.acronis.com/en-us/cloud/service-provider/notary/
>Allows customers to notarize files of any type via a web console or API, generating a certificate that provides publicly verifiable proof of its timestamp, integrity, and authenticity.
>Easy to sell, upsell or bundle: Universal service that fits business of any size and industry
>Key improvements in the Acronis Notary Cloud service will allow service providers to easily enable data verification via a new public webpage – eliminating the need to use the Acronis Notary Cloud user-interface to verify files.

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, motherfuckers. 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. Large companies that do thousands of verifications a month and don't need a backup solution only pay mere cents per validation. Cents.

Why would any company choose V-ID over Acronis is beyond me. Not only is it cheaper, but Acronis also works with over a hundred Fortune 500 companies and has millions of customers.

>>16598578
Validating your whole god damn hard drive with Acronis Notary takes less than 70 minutes. V-ID validations take over a day (sometimes there are days with no validations at all) and bagholders watch over Etherscan like a hawk to calculate the number of validations.

Here's a quote from the Acronis Notary user manual:
>The notarization process can take up to 70 minutes. To reduce the cost of each notarization, the notary service collects hashes throughout an hour, then builds a hash tree based on these hashes and sends the hash tree root to the blockchain database. After that, the notary service waits for the transaction to become confirmed in the blockchain database, and then changes the statuses of the files to Notarized.
$99 for a yearly subscription, as opposed to $600 a year. No nickel and diming like with V-ID, charging you over $2 per file. Imagine how much it would cost to validate a 100 files with V-ID, as opposed to using Acronis.

Acronis also owns the patent for blockchain validation technology in the United States (and it is enforceable if V-ID does any business in the United States, regardless of bagholder claims): https://patents.google.com/patent/US10114980B2/

>>16599961
>you use their own doubts
I have zero doubts. V-ID is an overpriced project, V-ID will stop development within six months, VIDT is a security token worthless Chuck E Cheese token, and Acronis is cheaper, better, has more customers and clients, and a better value all around.

>>16600124
>>16600117
>>16600108
>>16600101
>>16600092
Based.

>>16599899
>get more clients every month

That's a totally arbitrary goalpost.

>throwing shit at the wall hoping one will stick

AKA trying to expand the business

>Acronis

Multiple businesses can deliver similar services and all be successful.

I get that people love to FUD, but honestly so far it feels pretty weak. The token will appreciate even if they never onboard another client thanks to the monthly burn, just not as quickly. It feels like an easy product to sell, and once the B2C kicks in I'm pretty optimistic that at least a few more clients will be onboarded.

For a < 2M marketcap coin the risk/reward feels pretty good.

I urge anons to check out the Telegram channel and see how anything these bagholders buy end up dumping shortly after. Great investment advice: Do the opposite.

>>16600179
>That's a totally arbitrary goalpost.
Lack of new clients implies there is no demand for what V-ID is offering at their price point. Or no one is trusting a shitcoin Dutch startup ran out of a shared office next to Subway to handle their healthcare and government documents. At best they can get a National Geographic photographer to validate his photos on the blockchain... for no purpose whatsoever.

>AKA trying to expand the business
Lack of focus or vision, spreading a three-man team to focus on more than three projects AKA it's a fucking scam you dolt.

>Multiple businesses can deliver similar services and all be successful.
Success is relative. Can they eat away even 1% of the marketplace when Acronis has over one million customers already? Fat chance. Why would a company use V-ID over Acronis. Give one reason. Give one reason why V-ID will succeed. Other than "I want to believe in it, so it has to come true" because The Secret mental masturbation doesn't work FYI.

$50 VIDT 2020

>>16600233
>Give one reason why V-ID will succeed

Because people are idiots who don't research the best most cost-effective product.

If they can get good salespeople reselling they will get more clients. $2/file is cheap, the interface is easy, and most people who would use this service are not technologically savvy.

Big clients would be great, but if they just end up targeting a bunch of small clients that works just fine as well. Think shopify rather than amazon.

>>16600101
>>16600101
same fag still has his copy pastas, this is all i need to know the kikes dont want me buying this xDD bought another 1000 vidits thx

>>16600387
>Because people are idiots who don't research
Businesses are not bagholders. $2 a file is only cheap if you want to validate 10 files a year, not if you want 10,000 files a month. Let's not get ridiculous. Search for "blockchain notarization" in Google and Acronis is on the first page.

You're essentially hoping VIDT will be roping in companies into a service and locking them in for a year. Not based on merit or good service, but sales tactic. Do you think that is good for word of mouth? Even being locked in, it's more cost effective to eat the subscription plan costs and go with Acronis when all file validations are free with them and you get a dozen other features including ransomware protection. Acronis also has drag and drop and it's user-friendly.

>Think shopify rather than amazon.
Shopify provides value, not scams you out of your money.

>>16600470
>1000 vidits
Or $50 today as opposed to $500 when I sold near the top LMAO

>>16600484
The question was why will VIDT succeed, not why is it a better product that Acronis. As previously stated, I think that as long as their service works as claimed and they build up a good sales team they will grow.

Give me some reasons that VIDT will fail that don't hinge on Acronis being better.

>>16600646
>Give me some reasons that VIDT will fail that don't hinge on Acronis being better.
1. Companies won't trust a small startup with their sensitive files, regardless if V-ID hosts them or not.
2. If V-ID gets compromised, V-ID cannot be successfully sued and recover damages since they're a small startup.
3. V-ID sales team will have difficulties getting small companies on board outside of Netherlands since they need to rope in companies IN PERSON and not allow them to research alternatives on Google.
4. It's a security token in half of Europe and the token is not needed, ripe for complications in case of moderate success.
5. $2 file plus subscription is too expensive for small companies. Hard to convince to allocate budget for blockchain bullshit from higher-ups.

>>16600757
1. Acronis is billion dollar company with offices all around the world.
2. Acronis has their own legal department and their whole business revolves around their reputation. If they are compromised, no one will trust them with their backups. Acronis is involved with cyber security.
3. Acronis has thousands of resellers, prime spot in search results, can be even bought through Amazon.
4. They have no token to accomplish the same result.
5. $99 a year for unlimited validations with up to sub-$1000 if you need the server package. Includes 10+ features including cloud file backup, ransomware, system restore. Easier to shill to a boss by saying it will do backups as well.

Any other questions?

>>16600757
1. It doesn't host them
2. It doesn't host them so nothing to compromise
3. Resellers
4. This is the only one that actually worries me since I don't know how securities work in the Netherlands
5. No it isn't

>>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.

In case you all missed it,
>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 with them is a scam.
LMAO! Look at VIDT bagholders. It's right in their faces and they still don't see it. One deluded bunch.

I was going to pass on buying more VIDT with my christmas bonus but all these people spending so much energy fudding VIDT is making me highly rethink that decision. It reminds me of when LINK was getting Fudded hard when it was under $.50 cents. You may be fooling the newfags but you arent fooling me.

>>16600969
Sounds like a post-hoc argument to me, my coping bagholder fren.

>>16600890
1. If only there was an option to self-validate https://about.v-id.org/tech/
2. lol
3. You need to buy something to RE-SELL it? I don't believe it. Next you'll be telling me stores buy their own inventory!
4. Clearly you have no idea either, so time will tell
5. explain how $2 is expensive without referencing Acronis. Hardmode: incorporate how a notary is $50+ in to your argument

>>16601180
>1. If only there was an option to self-validate https://about.v-id.org/tech/
You have to self-validate files one by one, retard. V-ID has no software. Unlike Acronis, which has a batch-uploading tool that automatically will do it for you.

>1. You need to buy something to RE-SELL it? I don't believe it. Next you'll be telling me stores buy their own inventory!
Except the tokens have no value and V-ID is not a brand. If I buy Nike shoes to resell, I'm guaranteed promotional materials and I don't have to pay for advertising. The store is already setup and people are coming in to buy. Happens to be Nike shoes. Or they might buy a pack of gum. Or if I'm selling on Amazon, Amazon is fulfilling the packages, I only need to ship them the inventory. In order to sell your VIDT tokens, you need to hustle and do your own advertising, setup a brand new company for this whole purpose, to MAYBE make back my money. If you don't see the difference, you're an idiot. You see, when you buy inventory through a pyramid scam MLM, you're buying products that have no branding, are low quality, and grossly overpriced that can only be moved through sales pressure.

>explain how $2 is expensive without referencing Acronis.
Costs one million dollars to validate 500,000 file hashes on the blockchain.

>Hardmode: incorporate how a notary is $50+ in to your argument
Can V-ID have a notary on site currently for 10 companies at the same time? How about a notary in France and one in Australia?

V-ID resellers are also selling a service and not a product. There is no logical reason to make resellers buy tokens upfront.

>>16601347
>You have to self-validate files one by one
Surely this is an insurmountable hurdle that will never be overcome

>Unlike Acronis
Oops, there you go again

>Except the tokens have no value
Other than to validate files, which is a service for which people pay money/ It's like you are claiming that white labeling doesn't exist

>one million dollars to validate 500,000 file hashes

So not even going to try then? If I pay someone $50/hr to produce a contract for a $50k job, is $2 to validate the file going to give me even a moments pause?

>Can V-ID have a notary on site currently for 10 companies at the same time?

What are you even talking about. $2 to validate a file vs $50 to notarize it you dense fuck

Honestly at this point I am pretty convinced Acronis has just tasked their social media person with FUDing all VIDT threads. It's just copy pasta and then wanting about how great Acronis is without any real substantive problems with VIDT beyond them having competition

>>16601447
You're an idiot, man. Your arguments are a combination of "coming soon" and "don't mention Acronis because it hurts my investment". You don't even realize that V-ID's big draw was having a real-life notary on-site at your company. Have fun losing your money. If you hold VIDT, you already lost it. It's over.

V-ID taking on Acronis is like investing in a mom and pop shop taking over Amazon.

>>16601690
Shoo Acronis rep you are not welcome here

>>16601868
Says the shill with one post. No one's going to buy your bags. V-ID isn't as revolutionary like you thought when you bought. If V-ID were to pass on their profits in the form of buy backs at a generous rate of 10%, that means the project needs at least 10 times as many validations and clients as today for you to get back to 50 cents without the help of Satsgang. Or roughly 15-20 million dollars of profit a year. You're fucked.

>>16600101
>If VIDT will convert to VIDS, which represent shares in the company and the total supply is 62,391,039 VIDT, then one VIDT is realistically worth 2 cents today. 5 cents if we only use the circulating supply (30,800,318). Of course that's with the 3X multiple. At 2X annual revenue (and only looking at circulating supply), one VIDT is worth one penny. And currently, it's even worth less.

>>16601924
V-ID will buy my bags dumdum, they've already burned 1.6M tokens and don't show any sign of slowing down

On top of that, I absolutely think they can grown their client base tenfold over the next few years. I bought in at $0.08 so if they hit $0.50 I certainly won't be complaining

>>16602396
Did you buy $100 worth? LMAO. Because a few thousand dollars would have pumped the price by 2X at the very least. By the end of next year, V-ID will be vaporware and you will be relying on Caltrix and shit-tier resellers to start a brand new company around some small dutch blockchain project. They can also stop the buyback program any time they want.

Next year they could also put up their tokens for sale, then buy it back the next day.

>>16600909
Did anyone see this yet? LMAO

>>16603757
>quLAKe17
25 posts by this ID.

This desperation tells you everything you need to know about the fud

>>16603792
>This desperation tells you everything you need to know about the fud
We heard this one before, old man. Same tune since June.

Resellers need to buy tokens on exchanges, meaning that said resellers would charge even more than $2 per file. Possibly $3 or $4 to make up for their operational costs. $3 per file bro what the fuck LMAO

Imagine wanting to be a reseller and not getting any discount! Not only that, but having to pay a premium to bring in more clients for V-ID. Hilarious.