[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 33 KB, 1000x1000, V-ID_icon_1000x1000-1.png [View same] [iqdb] [saucenao] [google]
23026528 No.23026528 [Reply] [Original]

What's going on with this? Volatility is wild.

>> No.23026713

>>23026528
token really not needed.

The team sold a bunch of tokens when it pumped on you.

And 14 Million Tokens stolen from KuCoin.
Team cant fork since contracts with enterprises are running on chain.

VIDT usecase is so small every blockchain can do it.

ergo- overvalued shit token

>> No.23026815

VIDT will be a top ten by MC eoy 2021.

>> No.23026871

>>23026713
yeah, token is not needed and because of that a fucking fork takes several days?
you are beyond retarded dude

>> No.23026914

theres a fork going on real

>> No.23028147

>>23026713
Trading is suspended while the new contract is being put in place as we speak. Stop taking shit

>> No.23028157

>>23026713
LOL you retard

>> No.23028238

>>23026914
do i need to do anything or will i get new tokens for old tokens?

>> No.23028282

Rumour is they fucked up the fork

Radio silence on Telegram, when it should have been completed yesterday

>> No.23028317
File: 911 KB, 718x1280, Catfart_Fire.webm [View same] [iqdb] [saucenao] [google]
23028317

I'll market buy 1 million Vidt if someone can give me one example of a holder usecase (it's apparently a utility token?)

i.e. if I buy a million Vidt what can I do with them?

>> No.23028360

>>23028282
Things take time.

>> No.23028373

>>23028238
are they on a wallet or an exchange?

>> No.23028378

>>23028238
Tokens in your wallet will get rendered obselete and you'll be airdropped the new ones

>> No.23028386

>>23028282
so do i get fork tokens or do i have to buy them and dump my vidt now.

>> No.23028438
File: 114 KB, 1080x1081, laughing-cat.jpg [View same] [iqdb] [saucenao] [google]
23028438

>>23028378
>Tokens in your wallet will get rendered obselete
OH NO NO NO

>> No.23028465
File: 254 KB, 960x768, 1595201295056.png [View same] [iqdb] [saucenao] [google]
23028465

>These tokens have value
>btw we're deleting all tokens without your consent and making brand new ones

>> No.23028471

>>23028317
The B2C app is out soon as you know. Otherwise send them to your client wallet and use them to validate.

>> No.23028498

>>23028282
Bullshit. Team were hoping today though telegram says maybe a day or two longer. Arranging the fork is a big task because they have to change every API for every client.

>> No.23028663

>>23026528
It isn’t trading on any real exchanges right now, hence the crazy volatility. Only exchanges that have it “supposedly” trading right now are HotBit and Hoo. Neither has more than probably $1000 worth of real volume. Don’t trust the current prices; KuCoin froze trading at 3600 sats so that it is current true price.

>> No.23028752

>>23028663
this

>> No.23028822

>>23026713
Tell me undervalued tokens.

>> No.23028923

According to one of the biggest whales, rumor actually has it that this Kucoin hack resulted in a good chunk of V-ID clients to drop out, once they had to be legally informed about it.

>> No.23028988

>chinks get hacked because of shitty security or just straight up exit scamming due to being relegated to an obsolete ghost exchange thanks to Uniswap
>decide the correct answer is to completely fork your project even though you're not sure if it will actually work and keep your clients info secure
>this is bullish

Lmao how fucking retarded do you have to be to still hold this shit. Even if they somehow pull off the form unscathed what customer is going to stick with them after this shit.

>> No.23029050

>>23028373
eth wallet

>> No.23029089

>>23028988
The customers dont really care about anything other than the service they are paying for. As long as that continues to work, or V-ID offers a discount and service disruption is minimal i dont see why any of their validation clients would give a shit.

>> No.23029132

So kucoin fucked up here or was it a mistake by V-ID?

>> No.23029250
File: 2.30 MB, 2000x1339, its-over.jpg [View same] [iqdb] [saucenao] [google]
23029250

>>23029089
>i dont see why any of their validation clients would give a shit.
>Validation service based around security and private, sensitive infomration
>After getting hacked, losing millions of VIDT, and having to fork the project and create new tokens
>Not to mention what if it happens again
Yeah, clients will be lining up to trust them after this.

>> No.23029317

Some real basic fud in here today

>> No.23029483
File: 14 KB, 235x369, 1593460944310.jpg [View same] [iqdb] [saucenao] [google]
23029483

>>23029317
>business exists because it's supposed to be trustless, immutable, tamper proof way of permanently storing data
>team completely forking the chain where nobody fully understands what the end result will be
>team doesn't have a choice because they were dumb enough to have millions of dollars in tokens just sitting in one of the worst exchanged available since it was the only way they could effectively dump them on the market
>basic fud

>> No.23029594

>>23029050
then you don't have to do anything. just don't move them until everything is finished.

>> No.23029821

why the need for a fork if it was kucoin's mistake?

>> No.23029857

>>23029821
they kissed up to the retards that lost their tokens having stored them on the exchange

>> No.23029905

>>23029250
The security is based on Ethereums hash power though. This incident doesn’t highlight any security issues with VIDT. This is an investment in the company V-ID and the increase in their number of validations. This is NOT a decentralized cryptocurrency, it never tried to be. Its closer to a stock than a cryptoCURRENCY. It just relies on decentralized security to prevent people from counterfeiting it.

>> No.23030014

If I already dumped my VIDT does that mean I get free VIDT to dump again? Kek.

>> No.23030016

>>23029821
Because team decided its a good idea to cater to retarded kucoin holders instead of going the easy route and just burn those 14mil tokens and dont fork at all

>> No.23030143

>>23030016
Probably half of those belonged to the team and that's the real reason.

>> No.23030193

>>23030143
Fucking RIP man
Im invested in vidt but forking was a bad decision i never thought they would do that

>> No.23030226
File: 81 KB, 606x467, illegal-sec-vidt.png [View same] [iqdb] [saucenao] [google]
23030226

>>23029905
>This incident doesn’t highlight any security issues with VIDT. This is an investment in the company V-ID and the increase in their number of validations.
Yes, it does highlight a security issue. This makes VIDT token a security token. OOF

>> No.23030382

>>23030226
But VIDS aren't going to happen now.

>> No.23030647

>>23030226
>>23030016
>>23030382
lmao. Now that VIDT revealed they can freeze anyone's tokens at will for any reason, this is 100% unquestionably a security. The SEC will ream their dutch asses dry very soon

>> No.23030699

>>23030647
>they can freeze anyone's tokens at will
i can still move my tokens

>> No.23030919

>>23030382
Neither will VIDT, as they will get shut down like this >>23030647 anon says. If it was a utility token, there would be no reason for a fork.

>> No.23030925

Vidt does actually fail the Howey Test

>> No.23030974

>>23030647
SEC has authority over a Dutch entity?

>> No.23031115

Lol none of you in here know anything. Speculation all around

>> No.23031144

>>23030974
VIDT became an STO with this move even in Netherlands. RIP.

>> No.23031152

>>23028923
>sources say

Fucking worse than cnn please neck yourself in minecraft

>> No.23031284

>>23031152
>sources say
Trust me bro.