/biz/ - Business & Finance

Smart money acumulating.

>>16779815
this anon knows

>>16779880
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.

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.

>>16779595
kek. anon, we've all fallen for some shitcoin at one point and lost money too. you need to wake up to the market though. a company like vidt has no reason to exist in the market cap you fags think it does. it's still overvalued. everything in this market is an absolute scam and the few projects that actually provide value....are overvalued.
stay away from crypto projects that are actually generating revenue, because then it becomes easy to run numbers and see how ridiculously anons want to value them. this is a highly speculative market....stick to highly speculative coins.

>>16780274
How do you find speculative coins? LINK seems to have solid real world application yet it also moon'd. Where is the line drawn? VIDT had plenty of great memes and hype a few months ago

>>16780733
None of the VIDT memes ever left 4chan and Telegram. LINK had a 32 million ICO and that was back in 2017. Times changed. It was a revolutionary idea and had enough backing.

it's going to 0.01 cents. anon did a pretty good quantitative analysis using their competitors prices.
turns out this shit is already worth 10x more than it should be. The real crash hasn't even happened yet.

>>16779918
>>16780274
>>16780923
bullish

>>16781168
LAMBOS EOY 2020 for VIDT hodlers

>>16780923
Thank you fren.

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.

And that's with a 100% conversation rate (if you hold all the VIDT, you could in theory own 100% of the company). Obviously it will be 10% to 30% conversation at the most, as why the fuck would V-ID want to lose more than 30% of their own company, so you can take that shiny penny of yours and divide it by 10 to get the true value of one VIDT.

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, if all you want to do is validate files on the blockchain.

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

AmSpec with Acronis:
Unlimited validations = $99 / Year

Proof: https://www.acronis.com/en-us/cloud/service-provider/notary/
Drag & drop verification right from your browser, like V-ID: https://notary.acronis.com/verify

What do the following letters have in common?
FTM -- VIDT -- HOWDOO -- LTO -- POO -- CACA -- ASS

PS: Watch the V-ID chart in a couple of hours. ;)

>>16781547
thanks for the weak fud bought another 10k VIDT

>>16781581
Why does it keep dumping then fren. You're already back to 0.00055 ETH.

Satsgang pump and dump. You can lose your money even faster buying their biggest scam DAG

>>16781756
This.

>>16779595
Token not needed. That simple. Also it’s a stupid business nobody gives a shit about other than paid biz shills. But mostly token not needed in any way. Congrats on funding a scam project in exchange for nothing.

>>16782430
Facts verified by eyes. Bagholders bought the penny stocks of a dime dozen startup. Ouch!

AHHHAHAAHAHAHAHAHHHAHAAHAHAHAHAHHHAHAAHAHAHAHAHHHAHAAHAHAHAHAHHHAHAAHAHAHAHAHHHAHAAHAHAHAHAHHHAHAAHAHAHAHAHHHAHAAHAHAHAHAHHHAHAAHAHAHAHAHHHAHAAHAHAHAHAHHHAHAAHAHAHAHAHHHAHAAHAHAHAHAHHHAHAAHAHAHAHAHHHAHAAHAHAHAHAHHHAHAAHAHAHAHAHHHAHAAHAHAHAHAHHHAHAAHAHAHAHAHHHAHAAHAHAHAHAHHHAHAAHAHAHAH

>>16780879
2016, 32k eth, do the math. They basically did a 100 million USD ICO yet can't figure out a simple json parser.
for the record i was in ICO I work in tech but you have to understand after that long all they've done is a few eth price readers. If you sold around 3-4 you're smart, end of story, I should I wait for that fat fuck to give the same speech again.

>>16780733
for now, just stick to the majors that are interesting enough to differentiate themselves from BTC in some way. ZEC will be the privacy coin that runs this year imo. stay away from utility coins unless you're catching them right out of the gate at the absolute bottom. ICO = scam 100% of the time. that doesn't mean some of them won't pump, but desu, times have changed and we're not pumping shitcoins like we used to. the only thing that really matter at this stage of the market cycle is what BTC is doing, and then how the major alts follow.