/biz/ - Business & Finance

>>17265087
Have a feeling VIDT might just pump all the way to $1 very soon

>>17265087
VIDT is still cheap. Ignore the fudders they don't care about you. buy buy buy

Word is getting out.

>>17265087
somebody market bought 3btc worth of vidt.

It's still going up.. and gained in sats after today's BTC dump. Vidt has a ton going for it, and apparently a new client is going to be announced any time now.

Buy now or stay poor forever!

They have AMA tomorrow on Fantoms telegram group

I fucking love this coin, man. I already made a good chunk of money last July. Still in it because I'm convinced it'll go crazy once more.

>>17265834
Oh wow we have a whale overhere folks! Don't dump on us please.

>>17265834
Same shit here. Sold the top way back but of course bought back in for the inevitable Binance listing

$5 vidt is not a meme

>>17265087
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.

>>17265087
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.

>>17265087

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.

Whatever you say man but you're dealing with an intelligent person and I do my background check before I comment. All of you vidt guys have lost your 5K and love riding your buses. We movieblock are smarter than you, you think verifying files is cool. How about making movies on the blockchain? You wonder how blockchain could be useful to movies? well you're dealing with an intelligent person and I do my research, and I'm afraid your 20iq can't handle my intelligence.

>>17265087
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.

>>17265087
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/

>>17265087
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.

Dumping my millions of VIDT for MovieBlock!

>>17265317
BULLISH

>>17266493
>>17266505
>>17266524
>>17266538
>>17266550
>>17266565

Acronis fudder back from vacation I see.
Nothing is going to stop this moon mission. VIDT will unironically go to $5

>>17266493
>HE SOLD THINKING THIS WAS THE TOP

We're all gonna be rich off this.

See you at the moon! This reply was verified and unconditionally stamped by V-ID, saved on 6 blockchains.

There was only one way he said

>>17266610
Worse shitposts on biz are going into any random thread and seeing cocksuckers saying HUH DONT BUY THIS, BUT BUY MY TURDCOIN INSTEAD

>>17267070
It's battling V-ID for Binance listing you retard. PS V-ID will win and get double listed. The release of tokens are being used for that to create liquidity

>>17266884
LTO, FTM and IBM have entered the chat.

Isn't there a good chance V-ID loses the vote? MBL has 20x the volume on the korean exchange Upbit, which has been verified to have low wash trading. Not to mention burgers won't be voting...

>>17267607
fake volume, no community, their twitter is overrun with vidt voters.

I'm liking these buy walls on kucoin. Buy now if you're interested, walls are slowly rising higher

>>17267607
>MBL has 20x the volume on the korean exchange Upbit, which has been verified to have low wash trading.
http://www.koreatimes.co.kr/www/biz/2018/12/488_260782.html

>>17267607
Why can't burgers vote?

>>17267626
yeah nvm after looking into it further MBL looks like a scam and so does that exchange.

>>17267732
because they're banned from binance.com

been holding over 40k for a year, had the chance to sell at .40, didn't take it. am i being given a 2nd chance?

>>17267835
What do you mean? I'm a burger and I trade there

>>17267839
Yes, a chance to sell not at .40 but at 40.

>>17267858
unless you're using a proxy you trade on binance.us

>>17267901
I don't have a proxy and I use .com. I trade from .com at work too, so I know it's not just my home pc

>>17267875
Seriously?

t.11k bagholder

>>17267984
Yes.

>>17267984
fellow burger 11k holder here, we will make it fren. Not selling til at least $1

OH NO NON NO NO I lost 5k just now.

>>17267984
An unironic 5k checking in here.

My comfiest hold. $5 vidt is coming

>>17266565
Bro chill we lost to them just buy back in already. This train is leaving. T: Dragon

>>17268509
Nice to see you're a voice of reason now Dragon. Hope you loaded up

>>17268593
I loaded so much that I can definitely say I am overinvested now for good. This trucker coin is going to make me so filthy rich I'm going to start new dynasty for my family.

OH YES YES YES I just made 5k

OH YES YES YES! I made 5k and my wife is coming back to me

I just made 5k and I can now retire in Indonesia with ladyboys

Ohnononno I just lost 15k on this nigger coin how can this happen to me!!

OH HM HMM HMM I still have my 5k. Fucking crabbing piece of shit. I'm selling.

Stop pumping my 5k arent ready yet