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/biz/ - Business & Finance


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16301736 No.16301736 [Reply] [Original]

2021. Boston, Massachusetts. Free 6-inch subs all around! Chips, cookies, sodas, the works! Gerid might even come through. We will invite Pim and Marnix too, but I doubt they would grace us with their presence.

>> No.16301808
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16301808

Hello bagholders. 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, so shut the fuck up.

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.

The V-ID team even admits right on their website that the token is an illegal security, that they created the coin for its speculative value, and that the tokenomics were "praised" by pajeet moonboys. Even they know it could have been a stable coin. Then the founder lies in the face of bagholders on Telegram and says it's a utility token and two unknown lawyers have confirmed it as such.