/biz/ - Business & Finance

>>16753634
kys
saged

>>16753645
>saged
Reported. Announcing you have saged a thread may result in a ban.

>>16753645
Fucking pussy. That's right. Delete your shit.

>>16753634
We gonna make it!

>>16753679
Small pump happens and all of a sudden all the faggot shills come out. Funny how no one shilled vidt when it was getting absolutely melted

>>16753665
>he thinks I give a fuck
Report me, you autist

>>16753713
>Funny how no one shilled vidt when it was getting absolutely melted
Just like BTC, ETH, and LINK got absolutely melted? News Flash, dumbass: The whole market has been down lately. How fucking retarded can you be?

>>16753634
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.

>>16753634
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.

>>16753634
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.

>>16754040
>>16754052

too long; didn't sell

I have 5 spare eth. Redpill me on this

>>16754064
baseless FUD, Just bought another 10k

>>16753634
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.

>>16754072
https://about.v-id.org/vidt-usage-dashboard/

>>16753634
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/

>>16754072
One of the only alts with an actual revenue model and making money without dumping tokens on you. Monthly burns/buybacks.

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

>>16753634
>I work for a top private equity firm

No you don't

>>16754083
this anon is a Acronis corporate shill. always posting the same trash in every VIDT thread.

Its actually bullish for VIDT thanks for the bumps fren

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.

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.

>>16754093
Pasta too long didn’t read, didn’t sell.

V-ID has partnered with HOWDOO UDOO, FTM, and LTO. All pump and dump scams. The reseller partners are either shell companies or outright scams.

>>16754123
People are not selling because anyone with common sense already got out. No one is buying either.

scam
sell as long as you can

>>16754107
>>16754115
>>16754167

Thanks for the weak fud famalam

V-ID is the most guaranteed x100 ever. Get in or stay poor.

>>16754194
>>16754102
>>16754077
>>16754069
Bagholder cope.

>>16753634
Wow ok, you sure did convince me sir, I will do the needful and buy veejaydt.

>>16754206
>he doesn't know I bought my bag at 22k skellies

sitting comfy, lambo soon

>>16754234
Major whale will dump it soon. Keep an eye out. V-ID will stop development in a couple of months.

>>16754332
shut up no they won't.

get a life.

>>16754332
He make very special price for me with dump??? Pls answer

>>16754398
Bagholder cope. I'm going to FUD your scam every time I see it.

>>16754423
Yes. You can buy VIDT tokens for cheap soon. Buy worthless tokens for an abanadonware scam project that will become entirely worthless. At least half of the current clients will not renew with V-ID in the next three months when their subscription expires. Unless they get another year for free or at a discount like they do currently.

>>16754589
Honestly it’s impressive how much free time you have on your hands. I’m not even invested in this project but i see you in every thread. Get a hobby friend, spending so much energy on an internet anime forum is melting your brain

Wow its back on the original price before we all started shilling this shit on 4chan and dumped on yall at 50 cents....
not buying back in with all those bagholders tho

>>16754205
This.

The fact that the same pajeet loser posts the same stale FUD copypasta in every thread is supremely bullish.

>>16754732
>I’m not even invested in this project but i see you in every thread.
Then why would you read every thread?

>>16754040
>>16754052
>>16754064
>>16754083
>>16754093
Bagholders on suicide watch

>>16754954
Suicide watch because of a single samefag schizoposter dumping stale FUD copypasta? Lol no. I am buying more every month. Get fucked, loser.

>>16754921
>>16754968
>Lol no. I am buying more every month.
It's funny when someone gets proven wrong and instead of admitting they might have been incorrect they quadruple-down to avoid having to face the fact that they made a bad decision.

>>16755003
>proven wrong

In your dreams, Ranjeet.

>>16755018
Keep your head in the sand. While those of us who live in reality see the price, the lack of interest, the work-in-progress tech, the scam, the competition, the lack of new AmSpec-tier customers since June. BTFO.

>>16755003
>>16754589
>at least half of the current clients will not renew with V-ID in the next three months when their subscription expires

I remember reading this exact post a few weeks ago except it said none will renew after the new year. It's jan 5 and nobody left. Shifting the goal posts much lmfao what a faggot

>>16755052
Keep coping with your made up FUD, loser. You will hang yourself when VIDT hits $10 in 2020.

>>16755064
>I remember reading this exact post a few weeks ago except it said none will renew after the new year. It's jan 5 and nobody left. Shifting the goal posts much lmfao what a faggot
You have autism. Clients are locked in for a one-year subscription, idiot. If a client signed up with V-ID in February of 2019, they will be around... until February of 2020 and then not renew. Idiot.

>>16755072
lol

Where's the $1 by EOY bullshit that you all repeated since June?

>>16755191
Get a life

>>16755419
Keep coping. You will hang yourself when VIDT hits $0.01 in 2020.

>>16755429
Back to Acronis HQ tomorrow morning bragging to your manager that you were an internet warrior once again, fudding V-ID. Awesome!

>>16753634
>private equity

Token ownership doesn't give you any sort of equity stake so tell me more about how you're a LARPing faggot

>>16755445
You lost your money betting on the wrong horse. You did zero research into the competition and fell for the shilling. Awesome! Thank you for buying my tokens and for the free money, bagholder.

WTF WAS THAT

>>16755450
Please take a basic finance course before you come in my thread spouting absolute nonsense. I have a lot of very rich clients who are about to get a whole hell of a lot richer in 2020 thanks to VIDT.

>>16755465
ITS UP 17% TODAY.

TELL YOUR ACRONIS OVERLORDS THAT YOUR STALE FUD ISN'T WORKING.

>>16755465
Quickly! There is another V-ID thread up! Go go go post your Acronis shills, we need more of that.

>>16755471
>>16755482
>>16755484
Here are the VIDT shills getting cocky because a bagholder bought another 2ETH worth of VIDT.

>>16755484
The Acronis shill is actually bullish for VIDT. Its so stale that people don't even read it any more.

All you need to do is see how VIDT is pumping hard and how its an easy ticket to the lambo dealership if you back up the truck on VIDT.

>>16755513
what a fucking faggot lmao

>>16755528
You got BTFO.

>>16755513
I bet it was an Acronis employee reading your shite FUD afraid of missing the opportunity to hit moon, instead of wagecucking this crappy corporate organization with very bad public opinion.

>>16755072
if these clients were all real and bought tokens as you claim, why is the chart showing an endless downtrend then, with the current marketcap sitting at around 2.5 mil.
dont become a lifetime fanboy, this could cost you a lot of money.

>>16755733
Don't worry, they already made another thread. As usual:

>Note to anons: See how they don't respond to arguments when they get BTFO and instead focus on the person? They make a claim like "V-ID is easier" or "V-ID has the market share" then when someone proves them wrong (even though they should be providing proof in the first place) they disappear and another anon with "1 post by this ID" takes their place who will make another erroneous claim until the head TG honcho makes another thread like nothing happened.