/biz/ - Business & Finance

>>16822206
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.

>>16822206
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.

>>16822206
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.

>>16822218
>>16822218
valid points anon.

>>16822236
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.

>>16822236
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/

>>16822235
may have jumped the gun, you are estimating the revenues at $600,000 when they are closer currently to $2,000,000. do you not think that says allot?

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.

>>16822269
sorry but even as a newbie in vidt none of what you are saying is true. looking at your first paragraph its all wrong.

Thanks fren for saving me from posting the pastas.

>>16822286
Ok bagholder

>>16822299
the whole first paragraph is completely wrong though, not a single statement in it is true

>>16822324
Sure convinced all of us. Show a screenshot of the V-ID software and how you would validate 100 files across different folders and hard drives like you can with Acronis. We’re waiting.

>>16822206
I'm about to buy another 31K

>>16822355
vidt has an API. 95% of its validations are in batch.

>>16822218
VID confirmed btfo and useless

>>16822363
So users need to know how to code and use an API in order to batch validate their documents. After paying $2000 a year + $2 per file for the service.

FYI: V-ID asks you to upload your files to their servers and then they will manually validate them for you in a batch. Or they come to your business and do it for you themselves.

Where’s the screenshot?

>>16822420
what are you on about? they don't do any manual validation apart from initial KYC of all third-parties. once the process is complete everything is automated from what i am aware.

some companies lose $100ms a year through document fraud, i don't think they are about $2 per file if its worth it desu

>>16822435
>from what i am aware
You are wrong. How would you batch validate 100 files, all in different folders, without software? Give a quick and clear answer.

>>16822448
This. The documents fraud market is huge. VIDT will be trading for $20-30 next year. Screencap this.

>>16822378
The only thing that has been "confirmed" is that there is a lone schizophrenic pajeet with a vpn who has been posting the same stale FUD pasta for months now. Literally none of his shit makes sense. It is actually bullish as fuck.

>>16822468
it seems to be pretty simple

https://etherscan.io/token/0x445f51299ef3307dbd75036dd896565f5b4bf7a5?a=0xe7C54558a04F2f673Ce271B6C908839e9342a50a

nearly every validation is multiple files when you consider 21 is the cost of 1 file

>>16822488
V-ID employees are submitting these files in batches. There is no software for the consumer. The FUD above was not incorrect. Show screenshot or admit you have no idea what you’re talking about.

>>16822475
“None of it makes sense” or you don’t want to believe it to be true. Looking at the sentiment and price action, seems like it’s the latter. Nice IDEX volume you got there.

>>16822520
what are you talking about? nothing you just said is true. i'm not a customer so i don't have access to the endpoint but there is one below you can see for reference https://www.amspecllc.com/verify/

>>16822533
>sentiment
A single, desperate schizophrenic FUDder posting stale pasta is not a sentiment indicator, you smoothbrain.

>price action
Last I checked 99.9% of alts are doing the same fucking dance, dumbass

>>16822538
That’s a drag and drop widget for verifying files that have already been validated. You can only drag and drop one file at the time. You just got BTFO.

>>16822559
If this cope helps you sleep at night...

>>16822566
did you not read my previous message?

https://etherscan.io/token/0x445f51299ef3307dbd75036dd896565f5b4bf7a5?a=0xe7C54558a04F2f673Ce271B6C908839e9342a50a

95% of all validations are done in bulk via the API. you can see this by the cost as 21 is 1 validation

>>16822585
LMAO you’re hilarious. Obviously trolling me. I literally explained to you how it works earlier. There is no software.

>>16822618
looool

>>16822218
>>16822230
>>16822235
>>16822253
>>16822262
>>16822269

weak fud; not selling

>>16822712
It’s ok, no one is buying.

>>16822715
team are buying back 150k minimum a month,burning 2x that

>>16822715
>he doesn't know

at this point you should find better ways to waste your time.

MY VIDDIES STAY SUPER SKIDDY

>>16822735
Who is selling 150,000 worth of VIDT at these (supposed) low prices? Because they’ve been buying the tokens back yet the price only keeps going down every month.

>>16822738
Bagholders concerned about how I utilize my time and I’m concerned about the financial well-being of bagholders by educating them on their investment. How sweet and wholesome.

>>16822753
>he doesn't know how exchanges work

10% of VIDT spent on validations is bought back at exchanges in unequal parts, at random moments. These tokens will be burned each month (formerly each quarter).

>>16822797
>team makes worthless tokens
>tokens cannot be used by bagholders
>team buys back said token for roughly the same price (or soon less) than they initially sold it for
Sweet tokenomics.

I can't wait until the schizophrenic pajeet fudder an heros when this is $30

>>16822901
I can’t wait until the price hits 0 so I can rub it in your faces of how you should have all listened.

>>16822206
These crazy Dutchmen will make us rich as fuck. Time to accumulate hard, brothas. Bottom wont last for long.

>>16822206
scam

Long copypasta:
"As for our edge, V-ID is already an implementable solution.
We focus on implementation and integration to allow even the smallest of companies to just dive in without a hassle. Removing any difficulties to just start using blockchain tech is one of the most important aspects of adoption at this point of the innovation cycle.
Most versatile

- Works with any file type, so not just PDFs, but also security footage, database archives, audit trails, tracking data
- Widely applicable in different use cases: from protection against fake invoices to securing the authenticity of a Rembrandt.
- Validation can be done retroactively, so even years after a file was published / distributed.

Lowest barrier for deployment

- No need to alter files or add anything to protect them
- The basic drag and drop interface is operational within hours after KYC
- The API is designed to work with virtually any system written in one of the 20 most common programming languages.
- Other solutions only work as long as you pay yearly, V-ID validation requires a payment just once to work forever. Volume discounts and batching reduce price further. Verifying always free.

Lowest impact on existing workflows

- Verifying works on any device with a browser, mobile as well, with no authorisation, plugin or other software required. The optional QR feature enables verification of a physical printed copy.
- V-IDs API validates and verifies files automatically in the background.

Secure

- GDPR compliant
- Deployed using extensive ddos protection, forced SSL and a triple firewall
- 24 hour monitoring and penetration tests by external parties"

>>16822206
sold all my vidt yesterday, seems to me like ETH will have more gains. already up

>>16822235
Acronis notary only available if you bought their backup service which you can run per-machine basis. E.g. if you want to simulate V-ID application flow (document validation) with this Acronis set up, then: [1] you must set up a server first [2] put all files you want to validate in the sever [3] subscribe to their backup services [4] subscribe to notary [5] Validate the files in the server

(and that is assuming all employess that need to validate and verify the files have access to the server and Acronis have interface for this, not only for the sysadmin. and Idk if they have API service too)

You noticed there're various extra steps to simulate file validations. V-ID made it simpler.

>>16822253
Dig into Acronis and every other company and you'll see the differences. You'll also see V-ID for its intricacies, it's start-to-finish approach to business and it's relationship building techniques that are tailored and bespoke, to each individual client. No other company offers that via internet support and a space for their validations to be held (at their expense).

The 2020 Q1 roadmap is impressive as hell too. They're moving forward in the perfect way unlike most projects that are out of money and out of steam. Market conditions suck which is why now is the ideal time to buy for me. It's going to be insane working with the governments with FTM, having new team members scale up the company, b2c, resellers, more clients, and hopefully the details of that Here York meeting soon. Add the buy backs and burns and you have the most undervalued project in crypto at a 2m market cap.

The 2020 Q1 roadmap is impressive as hell too. They're moving forward in the perfect way unlike most projects that are out of money and out of steam. Market conditions suck which is why now is the ideal time to buy for me. It's going to be insane working with the governments with FTM, having new team members scale up the company, b2c, resellers, more clients, and hopefully the details of that New York meeting soon. Add the buy backs and burns and you have the most undervalued project in crypto at a 2m market cap. This is where the money is made.

we gonna moon or go to 0

The point is not whether there is or not an actual technology behind this token, who the fuck cares about technology, we all are here to make some shekels and there are project with a 100mil$ market cap which have achieved absolutely nothing but released some colorful roadmap
The sole fact this shitcoin has some sort of application, a decent roadmap and a 2mil$ market cap will make it soar during the next bullrun.

>>16824753
>Acronis notary only available if you bought their backup service which you can run per-machine basis. E.g. if you want to simulate V-ID application flow (document validation) with this Acronis set up, then: [1] you must set up a server first [2] put all files you want to validate in the sever [3] subscribe to their backup services [4] subscribe to notary [5] Validate the files in the server
>(and that is assuming all employess that need to validate and verify the files have access to the server and Acronis have interface for this, not only for the sysadmin. and Idk if they have API service too)
>You noticed there're various extra steps to simulate file validations. V-ID made it simpler.
Doesn't even know if they have API service? Subscribe to Notary? Note to anons: Pic related. Ignore all this bullshit, it's not true.

>>16826059
This. $30 is highly likely during peak bull run based on the supply

>>16822218
>You cannot validate real-world items on the blockchain
IDGAF about VIDT but...why not? It's essentially just digital titling right? I mena, you can't turn my house into a piece of paper, but there's certainly a title I have on paper proving i own it.

>>16826102
Because V-ID made it seem like a Rembrandt painting can be validated on the blockchain and that will prevent fraud. It won't prevent fraud. The art examiner you will have to pay separately will prevent fraud. The title you have initially was made in a PDF program, unlike traditional art that lives on a canvas. It's note the house that you own exactly, but the land and the coordinates. If you were to paint your house red and replaced the roof, you would still own it.

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.

>>16826212
>>16826141
It must be physically painful being that unintelligent. I can't even imagine being that disadvantaged by low IQ. Damn...

The people fudding VIDT only want the price to drop so that the buyback and burn is bigger.

That is all. Don't let them shake you out with their lies. these people don't have your best interest in mind. Its disgusting what they are doing but this is crypto, the wild west.

Especially that one anon that keeps posting that crappy Acronis pasta day in and day out. He doesn't care about you, he wants you to dump and suppress the price.

VIDT will hit $30 don't let them tell you otherwise.

>>16826255
>We made at least five threads, day in and day out, for nearly 8 months as it bled from 55 cents to 8 cents and lower
>We're promoting this investment opportunity out of the kindness of our hearts
>We told you VIDT will be on Binance in Q3, V-ID is a first-mover, that V-ID owns the majority of the market share with 32 clients, and make up outright lies about Acronis
>But p-p-pp-please sirs, believe us about this fudder...

>>16826285
>ETH threads are made day in and day out
>ETH fell from $1500 to $80

Fuck off, Panjeesh

>>16822206
yes, but you can claim your free pyro tokens here:
https://pyro.network/web-wallet/

>>16826384
It must be physically painful being that unintelligent. I can't even imagine being that disadvantaged by low IQ. Damn...

>>16826408
19 posts by this ID.

>>16826814
Good job buddy. Now count the number of apples in this picture and get back to us.

>TA
>10x
Oh boy.

>>16822218
>>16822230
>>16822235
>>16822253
>>16822262
>>16822269
absolutely BASED

>>16826952
>1 post by this ID

>>16822206
I am actually sure there is a team of pajeets paid to fud VIDT on 4chan. Whenever a thread is opened an id appears and starts fudding it making over 40 posts and replying to everyone posting on the thread. I have never seen something like this for any other coins.
Anons, this is one of the few legit small cap project out there and the amount of pajeet fud around it means that it is into the accumulation phase

>>16827422
>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 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.

>>16827456
>2 cents have been deposited into your account
>thank you for participating in our "Fud VIDT, Promote Acronis" campaign.

>>16827465
>-80% have been removed from your crypto wallet
>thank you for buying VIDT, please hold until further notice

>>16822269
You really need to open the curtains and experience life outside of the basement.

>>16827549
>1 post by this ID

>>16827510
>he doesn't know I bought the bottom
>he ignores all the other projects that are down 80-90% from ATH.

please don't procreate

>>16827910
No one cares.

I am so excited. VIDT truly is the comfiest hold. This reminds me exactly of early LINK and ETH days. The amount of obvious paid FUD is astounding. Accumulate while you still can, boys.

>>16827918
now apply that sentence to yourself.

I am so excited. VIDT truly is the comfiest hold. This reminds me exactly of early LINK and ETH days. The amount of obvious paid FUD is astounding. Accumulate while you still can, boys.

>>16822206
you got dumped on. give it up.

>>16828700
>I am so excited. VIDT truly is the comfiest hold. This reminds me exactly of early LINK and ETH days. The amount of obvious paid FUD is astounding. Accumulate while you still can, boys.
I agree. Finally you are coming to your senses, Pajeet.