/biz/ - Business & Finance

>>17081596
I lost $5000 on this curry diarrhea . Bullshit.

>>17081596
I lost nearly 80% of my money on this scam. Unbelievable.

>>17081596
No.

>>17081596
I hear ya brother

Is it true that the team can only afford the buy backs because they dump their own tokens first?

BIG BOY

>>17082566
Yes

>>17082566
If you look at their wallets, you can see that some of the team members have personal wallets and yes they are indeed dumping and have been for a few months now.

>>17081598
>>17081603
>>17082032
>>17082566
>>17082640
>>17082920

>>17082584
forgot pic

BIG BOY

>>17082920
theyre not directly from the team, vidt should be in the black anytime soon
they have enough money to last the next 2-3 years and are already generating revenue

>>17081596
Can we sue these pricks? Let's start a civil suit against V-ID for their exit scam pump and dump. What a fucking fraud.

>>17083134
>heyre not directly from the team, vidt should be in the black anytime soon
Here's a breadcrumb for you: contest winners.

>they have enough money to last the next 2-3 years and are already generating revenue
Generating revenue, but not enough to be in profit. They're bleeding.

VIDT is a big scam which was shilled by satsgang and caused inflated market cap which led to many bagholders as you can see on VIDT Trader. VIDT Trader telegram trannies are trying to sell their bags here. They are made mostly of thieves, truck drivers and payday loan takers.

Also this is my first post for a long time about VIDT. I'm not the only one who hates this scam shitcoin.

Wow so many intelligent investors @ vidt trader. Wow.

Inshallah go buy vidt big pump is coming bros we're going to start our wealthy dynasty today inshallah kardesim. VIDT will moon hard soon :rocket:rocket:rocket:

>>17083755
Holy FUCK.

What a retard lmao.

Calvin has the same iq as a peanut.

Just sold 100k, fuck this curry coin

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.

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.

This one hurts

VIDT - Official coin of truckers

LMAO this is worse than xrp community

Note everyone that bagholders are abandoning threads when I ask them to post the V-ID founder's response to the following FUD. They are very, very afraid.

Acronis has patented their blockchain validation technology and V-ID are infringing on it: https://patents.google.com/patent/US20180101701A1/
>A method for authenticating a chain of custody utilizing blockchain technology, whereby digital evidence or other digital content is acquired and then hashed to produce a hash fingerprint/signature and then immediately or instantly submitting said hash fingerprint/signature to the blockchain using the blockchain network protocol, forming an immediate verifiable chain of custody without human interaction or requiring a trusted third party.
Their service is called Acronis Notary and they have around 10 other patents to protect their invention: https://www.acronis.com/en-us/business/blockchain-notary/

Also, if you're new to /biz/ and never heard of VIDT, read this thread: >>>>/biz/thread/S15688946

All the above posts true? Shieeeeeet. This is worse than I thought.