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/biz/ - Business & Finance


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15868490 No.15868490 [Reply] [Original]

>#1 revenue project in crypto, with huge clients and partners like AirBus and IBM.
>16x scarcer than LINK.
>Concrete use case that is supremely marketable to the masses. Document fraud detection and prevention is one of the fastest growing global industries, worth tens of billions USD annually. Capturing just a fraction of a fraction of this market can result in 200X gains for this micro-cap gem.
>Insane tokenomics. The price literally cannot go significantly lower because the dev team will buy back and burn an asymmetrically larger liquid amount, causing the price to rise dramatically
>Will be listed on the New York Stock Exchange next year with the option of converting VIDT utility token to VIDS security token. This is a crypto game-changer.
>All white, heterosexual, alpha male developer team. No low IQ affirmative action hires. Team is extremely dedicated and responsive, churning out weekly progress updates.

You didn't believe the obvious pajeet FUD, did you? If you don't have a 30K suicide stack, you are doing it so completely wrong. You've been warned.

>> No.15868674

scam

>> No.15868701
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15868701

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.

>Imagine not being able to read the sentiment people have towards this coin and automatically assume that anyone who fudded in the Telegram was the same person, as opposed to people believing the pasta facts and simply repeating the points they have read
>LMAO

>> No.15868703
File: 378 KB, 746x1089, muh-revenue-and-profit.jpg [View same] [iqdb] [saucenao] [google]
15868703

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.

>> No.15868759

>>15868703
You’re not fooling anybody bobo, go back to your arcade-coin $LINK.

>> No.15868766

lol pasta fud

>> No.15868877

>>15868490
I ain't buying your bags, Rajesh

>> No.15868891
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15868891

>>15868759
No, VIDT is the Chuck E Cheese token. A suicide stack of VIDT will soon be worth pic related. Should accumulate more and might get a mouse plushie or a free slice of pizza.

>> No.15868932

>>15868891
I’m not emotionally invested in VIDT so I don’t care either way. Just spreading the good word of $LINK plastic money holding no value to the use case.

>> No.15868962

>>15868932
I see you changed IP. I don't hold LINK either, anymore, but it did do +15% today.

>> No.15869192

>>15868962
I’ll bite my good sir, what coins do you like?

>> No.15869281

>>15868962
>>15868891
>>15868703
>>15868701
Pathetic FUDder.

>> No.15869436

>>15869192
EDGE. Actual normie real-world usecase and solid tokenomics. Raised 29 million in the ICO and got 100% of the funding they needed, which shows strong interest in the service. They're taking their time perfecting the platform, but keep everyone in the loop with constant AMAs and developments. People are already making money by staking a node. Long-term hold. Expecting at least a 5X - 10X by the time I sell. There aren't many crypto projects that make sense from a business perspective, but EDGE does (which is why I bought it, unlike Sentivate). The project itself is unfuddable. 95% of crypto are only worth a pump and dump, in which case the success of the coin depends on organized shill groups. I don't hold coins for very long.

>> No.15869687

>>15869436
>he’s bagholding edge
And I thought vidt shills were pathetic, the fudders are even more delusional

>> No.15869784

>>15868701
Wow you actually took our previous conversation, after I rebutted every relevant point, and turned it into fud. You're a complete piece of lying shit pal.

>> No.15869787

>>15869281
I want to see a timestamped picture of your hand Rajish

>> No.15869817

>>15869436
Genuine question, not trying to imply FUD; what do you think the use of the token itself is for? I don’t know much about EDGE so I’m just curious.

>> No.15869833

>>15869687
Except I'm up 35% since I bought.

>>15869784
>Wow you actually took our previous conversation, after I rebutted every relevant point, and turned it into fud. You're a complete piece of lying shit pal.
What the hell are you talking about? I wrote that pasta and have posted it multiple times already. Quote the exact sentence that is in that post that you think you have debunked.

>> No.15869867
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15869867

NonVIDT'ers fail to realize that during the bullrun, your coin can literally have 0 code, No main-net, no whitepaper, and still be worth 4 Billion (Cardano). The fact that VIDT has a working product and revenue means it will hit 10 Billion ez during the next bull market. Which is ironically more then a x1000.

>> No.15870036

>>15869817
>Genuine question, not trying to imply FUD; what do you think the use of the token itself is for? I don’t know much about EDGE so I’m just curious.
Consumers buy an X amount of EDGE tokens with real money, which are then used as credits on the platform. These credits are used for web site storage, bandwidth, computations, and so forth. If you stake a node, or in other words decide to become a host, you have to lock up some EDGE. Then you get paid a certain percentage of the loot based on your device and how much work it puts into the network. If you host with a powerhouse of a computer in a populated area you will get more EDGE than if you were to join the network with a simple Raspberry Pi.

>> No.15870087

And here is the said conversation the anon above has mentioned: >>15851509

Where are the lies? I'm hurt you would call me a liar, anon. I'm hurt!

>> No.15870319

>>15869436
I too like to edge when I'm masturbating

>> No.15870336

>>15870319
Builds up testosterone and delayed gratification. Buy now and you get to cum in the summer when EDGE shoots into the sky.

>> No.15870374

EDGE oh no no no AHAHAHAHAHAHAHAHA

>> No.15870410
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15870410

>>15870374
>oh no no no AHAHAHAHAHAHAHAHA

>> No.15870513

Did anyone else just buy 100k or was that just me?

>> No.15870555

>>15870513
The price of VIDT is now -7.77%

>> No.15870585

>>15870555
That sounds super scary given that VIDT has all the upside potential in the world

>> No.15870669
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15870669

VIDT holders, look at your charts. Look at the numbers. Price falling off the edge of a cliff. It's time to replace Mr. Ed. No one is betting on this horse anymore. It's over. Have respect and put it out of its misery.

Now EDGE is a stallion. Look at this graph. The chart is a pump and edge since the ICO sale. If you want to cum quick, get into the next /biz/ fotm coin and sell at the top. Like I did with VIDT. Or you can treat your ETH with tender love and care and join the network of future winners. And make money through real, serious tokenomics. V-ID team buybacks are the force-fed Viagra on a soft, floppy, dusty dick that simply cannot match its past performances.

>> No.15871307

>>15870513
I bought too. My VIDT stack looking juicy.

>> No.15871613

>>15871307
-12.50%. Or nearly -20% in ETH. Juicy!

>> No.15871633

VIDT is a piece of shit coin to hold. I like what the business does and that they actually generate revenue, but as a coin for investors, it is pure garbage. I sold this shit at 46 cents and it hasn't been above 16 cents in a while now. It is unironically ogre. Don't buy this junk.

>> No.15871651

>>15871633
You can say that about every token

>> No.15871659

some coins here i fud just for fun but this one is actually shit

>> No.15871736

>>15871633
>I like what the business does and that they actually generate revenue, but as a coin for investors, it is pure garbage.
This. It's good business for a small team, but worthless for anyone on here.

>> No.15872089

Bullish as fuck

>> No.15872778

>>15870669
you're better when you shill shitcoins

>> No.15873534

Dump to 0 started?