/biz/ - Business & Finance

[Anonymous No.8759978]

Whats ur opinion on Vechain biz? Can't tell if scam or not

[Anonymous No.8760002]

>>8759978
Is it Chinese? Yes it’s a scam
No -> is it a supply chain token?

Yes supply chain tokens are a meme

[Anonymous No.8760022]

>>8759978
>any crypto having a partnership with a billion-dollar mainstream company before one of the top 5
yeah no, its bullshit

[Anonymous No.8760033]

Eh, I guess they're legit, but their marketing is a scam.

It's a cool project, but it won't make you rich.

[Anonymous No.8760063]

>decentralization
>china

Pick one

[Anonymous No.8760092]

>>8759978
I've come around to thinking it's a scam.

[Anonymous No.8760113]

The biggest scam in history orchestrated by Jim Breyer and the Chinese government.

[Anonymous No.8760150]

>>8759978
https://www.youtube.com/watch?v=Wf18odbzjuo
Watch the interview. Do your own research.

Not a scam. Will get you rich if you hold long for enough. Most people FUD it on this board because they're bored, want to accumulate, or haven't done their research. There's just not much to say since it's one of the most obviously safe bets in crypto.

Here are some links from partners websites about VeChain:

PwC, the largest professional services firm in the world (annual revenue $37.7 Billion), posted on their website:
https://www.pwccn.com/en/press-room/press-releases/pr-150517.html

DNV GL, the world’s largest classification society (annual revenue $3 billion), posted on their website:
https://www.dnvgl.com/news/dnv-gl-partners-with-blockchain-expert-vechain-to-increase-transparency-from-the-factory-to-the-consumer-110284

https://www.dnvgl.com/news/dnv-gl-launches-my-story-the-blockchain-based-solution-to-tell-the-product-s-full-story-113549

Jim Breyer, net worth $2.4 billion, ranked by Forbes as the #1 top tech investor in the world, posted on his blog:
https://medium.com/@jimbreyer/announcing-our-vechain-advisory-role-5e37b7722978

Some people say the BMW partnership is fake. They're lying.

BMW's Twitter:
https://twitter.com/bmwusa/status/976151860162818049

They'll say that startup garage is not a real partnership and that VeChain is misleading people by calling it one. Those people are full of shit. BMW calls it a partnership.
https://www.bmwstartupgarage.com/faq
>Participation into our program is a startup’s first step to succeed in the global, multi trillion dollar automotive industry. It consist of a no-strings-attached partnership to integrate and validate a startup’s product, service or technology in BMW Group vehicles as well as to network entrepreneurs with top automotive engineers and managers.
>no-strings-attached partnership

There's more but I've given your lazy ass enough.

[Anonymous No.8760487]

>>8760150
>Not a scam
Then why did they mislead people with the BMW thing?

[Anonymous No.8760521]

>>8760487
>Then why did they mislead people with the BMW thing?

They didn't.

[Anonymous No.8760575]

>>8760521
But they did.

They signed up for a program that anyone can sign up for, and use BMW data that is available to any third party.

[Anonymous No.8760607]

>>8760575
They said they're working with bmw. They do. It's just retarded bulls thinking it meant literally annexing bmw or some other hyped up idiocy.

[Anonymous No.8760644]

>>8760607
They did more than "say" they were working with BMW.
They announced that they had a partnership, with a great deal of fanfare. See OP's pic.

This is very misleading when literally anyone can sign up for this program using the public website.

[Anonymous No.8760645]

>>8760487
>>8760575
I put that at the end of my fucking lost post and you can't even be bothered to read it. I'm going to literally copy and paste it again for you brainless.

https://www.bmwstartupgarage.com/faq
>Participation into our program is a startup’s first step to succeed in the global, multi trillion dollar automotive industry. It consist of a no-strings-attached partnership to integrate and validate a startup’s product, service or technology in BMW Group vehicles as well as to network entrepreneurs with top automotive engineers and managers.
>no-strings-attached partnership

Also, saying "They signed up for a program that anyone can sign up for" is about as meaningful as saying that anyone can apply for a job at Google. No fucking shit anyone can apply for it, that doesn't mean you get it.

https://hbr.org/2017/07/what-bmws-corporate-vc-offers-that-regular-investors-cant
> less than 5% of all potential startups will make it past a screening process.

[Anonymous No.8760684]

>>8760607
Nope. That was intentional, partnership with BMW was just shitty trick to pump the price. Just look at OP pic... They created the rumor and then confirmed it to create the hype.

[Anonymous No.8760687]

>>8760645
>I put that at the end of my fucking lost post and you can't even be bothered to read it.
Oh I read it. I'm just ignoring your delusions/lies.

> No fucking shit anyone can apply for it, that doesn't mean you get it.
This is exactly the point.
Vechain got beyond an initial screening, but other than that they're nowhere yet. Even Sunny went on twitter to ask people not to bother BMW about their "partnership" with Vechain "until the final announcement" (even though Vechain just made a big deal about announcing the """partnership""", see OP's pic)

[Anonymous No.8760691]

>>8760644
Misleading, sure. But it's not false. It's a partnership program, even if any company can join it.

[Anonymous No.8760701]

>>8759978

Chink scam. will admit their marketing is good, and its why a lot of neets have been cucked so hard by them.

The X node thing is the worst most scamish thing ever. Imagine trying to force all these "investors" into locking up thusands of bucks for a long time and punishing them for selling by losing X node status. Props up the price while the team just dump their loads.

These saps will be so depressed when they watch the market crash and they are cucked into holding, or even worse, then market BOOMs and their Vechain is stagnant as fuck or slowly growing.

funniest shit is how the kind of idiot that falls for these chink scams doesn't have a brain. they could have made like 8 6k X node wallets, and had freedom to sell and chase moon missions without being cucked into holding everything. but these retards actually locked up 56K for a thunder x node lmao. They could have sold 90% in a bad event or traded with while keeping X but no, the idiots that fall for chink scams just aren't smart i guess.

[Anonymous No.8760710]

>>8759978

[Anonymous No.8760712]

>>8760521
Also Chain Link is partnered with BMW

[Anonymous No.8760726]

>>8760691
>Misleading, sure. But it's not false
"Misleading" is the word I used.

>It's a partnership program, even if any company can join it.
Making a big deal out of this publicly available "partnership program" using tactics like in OP's pic is borderline (if not full-on) scammy.

[Anonymous No.8760743]

>>8760687
Do you have a low opinion of BMW's Startup Garage program in general? Setting aside VeChain, you don't think it's a good program?

[Anonymous No.8760763]

>>8760743
Not really. Why would you think that?

[Anonymous No.8760765]

>>8760687
I'm baiting you by the way, I know you know fuck-all about any of this.

[Anonymous No.8760771]

Jim Breyer, Tim Draper both invested in Vechain.

Says enough. Billionaires.

[Anonymous No.8760790]

>>8760765
I know a scam when I see one.
And even if Vechain isn't an outright scam at its core, their tactics are scammy af.

[Anonymous No.8760792]

>>8760763
https://en.munich-startup.de/2017/06/26/talk-bmw-startup-garage/
> Our objective is to find market leaders in strategically relevant technologies and to quickly and easily build partnerships in order to increase the speed at which improved products hit the market. I also find the term ‘startup’ a bit confusing — for us, it is ultimately about working with market leaders.

And you think that them identifying VeChain as one of those market leaders is somehow a BAD thing? That VeChain has no reason to be proud of that during a celebration of how far they've come as a startup in the past two years?

[Anonymous No.8760808]

>>8760792
>And you think that them identifying VeChain as one of those market leaders is somehow a BAD thing?
Getting through an initial screening =/= getting recognized as "market leaders".

And the "bad thing" here is Vechain hyping up their participation in a public program available to anyone with an email address.

[Anonymous No.8760819]

>>8760808
No, you're fucking wrong. The screening process is identifying market leaders. READ.
>The process works as follows: the first step is to let startups know about BMW. We need to communicate our added value and objectives on a global scale. A large number of startups have started sending us applications, with 90% coming from outside Germany.
>The next step is to choose the best applicants, meaning market leaders who offer something that we at BMW and our current suppliers do not have yet. Startups that work with us have to be better than say Intel, SAP, Qualcomm, or whoever might work in that specific field.

[Anonymous No.8760861]

>>8760808
What happens after the screening process that VeChain has passed:
>We then look for an actual project together — not a demo project — which allows the startup to test their innovation in direct cooperation with the department (as their client, not as their mentor). The project lasts for a maximum of four months and the startup is paid, of course. BMW becomes the startup’s client, so the startup receives a supplier number and purchase order just like any other supplier.
>After the first order has been completed successfully, the startup receives follow-up orders. The BMW Startup Garage does not buy shares, but instead the technology, even if it is still in its prototype stage. As already mentioned, the product is validated in an initial project within our ecosystem — be it in a car, factory or service. The goal is to get to know each other so well within those four months that we are able to establish a long-term partnership and the corresponding follow-up orders.

[Anonymous No.8760865]

>>8760819
>>8760861

By all accounts they're not at that stage.
BMW themselves said Vechain is only using data available to ALL third parties at this point.

[Anonymous No.8760902]

>>8760865
https://twitter.com/BMWUSA/status/976152930066862080
They said VeChain's a venture client. What the hell is wrong with your brain?

[Anonymous No.8760919]

>>8760902
That tweet is talking about the intention behind the program in general.
My god, man.

[Anonymous No.8760921]

>>8760865
The reason for the confusion was that it was BMW USA that was handling the PR for some reason, I don't know why people were asking them, since Startup Garage is based in Germany.

[Anonymous No.8760948]

>>8760644
Can literally spot a waltie from a mile away lol.
fuck off you salty-waltie

[Anonymous No.8760959]

You have to be special (as in Vergine type of special) to believe fucking BMW wants to have partnership with fucking chink ERC20 supply chain token provider. Its like...do you fucking retards realize this thing was inside trading for its entire ATH period? CCK kid? Tobbaco...BMW...partnerships. Inside. Trading.

You think BMW needs fucking 3rd party chink scammers to provide them with supply chain solution? On fucking ETH platform? With CEO that is propping its price up on fcking telegraph group? Holy kek level of retardness is through the roof.

[Anonymous No.8760979]

>>8760921
The startup garage thing is international. 90% of applicants are from outside of Germany.
And they indicated what data Vechain was using in that notorious first tweet, so the 'confusion' was not that they didn't know what the nature of Vechain's relationship with BMW was.

[Anonymous No.8760996]

>>8760710

[Anonymous No.8760997]

>>8760979
Do you disagree with any of this?:
1. For the startup garage program, BMW chooses the best applicants, market leaders who offer something that BMW doesn't have yet.
2. VeChain was chosen to participate in the startup garage program.
3. Therefore BMW considers VeChain a market leader that offers something BMW doesn't have yet.

[Anonymous No.8761003]

>>8760921
>>8760979
Not to mention the fact that the startup garage sign-up button was on the international website; see >>8760575

[Anonymous No.8761016]

>>8761003
I know, what I'm saying is that whoever handles BMW USA's Twitter probably isn't intimately familiar with all of Startup Garage's international clients, hence the contradictory tweets.

[Anonymous No.8761020]

>>8760997
>1. For the startup garage program, BMW chooses the best applicants, market leaders who offer something that BMW doesn't have yet.
Eventually. By all accounts they're not at that stage yet.

>2. VeChain was chosen to participate in the startup garage program.
No.
Vechain chose to participate. Just like anyone can choose to do this by clicking on the button "partner with us" featured on the public website.

[Anonymous No.8761027]

>>8760959
either you're fudding on purpose or you're super fucking dumb

it's moving to it's own mainnet in june so stfu with the erc20 shit

[Anonymous No.8761030]

>>8760865
Aren’t you talking about shopped tweet? Where CarVertical replaced with Vechain?

[Anonymous No.8761053]

>>8761020
When BMW wrote that VeChain is "participating in the BMW startup garage program", you're reading that as saying that they only applied for it but haven't yet been accepted?

[Anonymous No.8761055]

>>8761030
No.
https://twitter.com/BMWUSA/status/976149675861458944

[Anonymous No.8761072]

why does this thread happen every fucking day. the same 5 niggers 'debating' the same 5 retarded things

[Anonymous No.8761082]

>>8761053
Of course.
Even Sunny asked people not to bother BMW "until the final announcement".

As if they didn't intend to pass off the shitshow in OP's pic for a "final announcement" to pump the price up.

[Anonymous No.8761085]

They are reversing a new company into an old shell company making up the business plan as they go. Same thing BitOcean is doing. Between the accounting, auditing books and licensing, about $100k if you have a clean shell waiting. Now instead of looking like a brand new start up with nothing you look like professionals who have been grinding away over the past 4 years. It's all an illusion.

[Anonymous No.8761106]

>>8761082
I don't really know what to say except you're really fucking stupid and you're probably not a native English speaker. Participation means active engagement, not application. If I'm participating in a sports team, I'm not waiting to apply for one.

[Anonymous No.8761123]

>>8761085
Holy shit DNV GL have been SCAMMED, somebody better tell them QUICK before they start implementing more Vechain solutions!!
Thank god for these anons on 4chan.org/biz/, otherwise these guys would be in a pretty sticky situation, heh

[Anonymous No.8761133]

Remember VEN $100 EOY or even $1000 EOY? Kek, this dhit will not even reach double digits by EOY.

[Anonymous No.8761161]

>>8761082
https://twitter.com/BMWStartups/status/978536096664612864

[Anonymous No.8761169]

>>8761072

And then you realise some of the arguments are old pasta. Could be just one bored guy arguing himself, really.

[Anonymous No.8761171]

>>8760701
>>8760487
>>8760092
>>8760002
Holy shit D.I.G have been SCAMMED, somebody better tell them QUICK before they start implementing more Vechain solutions!!
Thank god for these anons on 4chan.org/biz/, otherwise these guys would be in a pretty sticky situation, heh

[Anonymous No.8761184]

>>8761082
What do you have to say about this you dumb little shit

[Anonymous No.8761192]

>>8761133
>>8760033
>>8760575
>>8760710
Holy shit Gui'an New Area have been SCAMMED, somebody better tell them QUICK before they start implementing more Vechain solutions!!
Thank god for these anons on 4chan.org/biz/, otherwise these guys would be in a pretty sticky situation, heh

[Anonymous No.8761202]

Invest in dogecoin while you can

[Anonymous No.8761207]

>>8761184
Yep, I just linked that tweet. >>8761161

[Anonymous No.8761206]

Holy shit Jim Breyer has been SCAMMED, somebody better tell him QUICK before he starts buying more VEN!!
Thank god for these anons on 4chan.org/biz/, otherwise these guys would be in a pretty sticky situation, heh

[Anonymous No.8761224]

>>8761106
You are in a state of deep delusion.
Literally anyone can sign up for the startup garage thing. Of course there are going to be many cutting stages.

>>8761184
>>8761161
Of fucking course, it was already all over twitter because autists basically forced them to say Vechain was a participant.

[Anonymous No.8761237]

On a slightly different topic, that is a sexy new electric BMW.

[Anonymous No.8761241]

>>8761171
And Jim Breyer and Tim Draper

OMG! Can't believe these heroic anons discovering what billionaires overlooked! Keep doing the great work!!

[Anonymous No.8761253]

>>8761241
You sure they didn't do it for pay, like McAfee?

[Anonymous No.8761257]

>>8761224
>you're reading that as saying that they only applied for it but haven't yet been accepted?
>"Of course"
>tweet showing they've been accepted as a partner
>"Of fucking course"

[Anonymous No.8761271]

>>8761224
Holy shit China Unicom have been SCAMMED, somebody better tell them QUICK before they start implementing more Vechain solutions!!
Thank god for these anons on 4chan.org/biz/, otherwise these guys would be in a pretty sticky situation, heh

[Anonymous No.8761273]

>>8761253
Ah yep your probably right. Jim Breyer who has a net worth of $2.8 billion probably just got *bribed* to be an advisor for a scammy company.

[Anonymous No.8761275]

>>8761257
BMW calls them all "partners". The sign-up button on the public website is called "partner with us".

[Anonymous No.8761277]

>>8761169
i wouldn't be fuckin surprised with biz these days

[Anonymous No.8761293]

>>8761275
Why are you so salty walty? hmmm

[Anonymous No.8761309]

>>8761253
Mcaffee is a washed up salesman with nothing on the line
VCs entire reputation and career is on the line when they add a company to their portfolio. How much could a new startup pay multi-billionaires?
Here is some info about Mcafee 'Only a tiny fraction of his one-time $100 million net worth survived the 2008 market crash. But his fortunes really took a hit in 2012, when McAfee fled Belize police who aggressively sought him for questioning on the death of his neighbor.'

el em ay o.

[Anonymous No.8761318]

>>8761275
This is the moment I realized you're a basement dwelling NEET. If you go to any employer half of them have a link that says "Work with us". That doesn't mean you click it and you suddenly work with them. They don't call anyone who clicks it an employee, ahahahah.

[Anonymous No.8761371]

>>8761309
>>8761273
Explain Floyd Mayweather then.
He's a billionaire, and he promoted Centra, which is an SEC-certified scam as of two days ago.

>muh VC reputation
VC is inherently risky, tons of projects go under.
Nobody is going to think less of VC investors if a project turns out to be a scam, it happens all the time.

[Anonymous No.8761381]

>>8759978

[Anonymous No.8761388]

>>8761027
So is it ERC20 token or not fucking retard?

[Anonymous No.8761394]

>>8761371
>explain floyd mayweather
nigger

[Anonymous No.8761415]

>>8761394
Alright, I concede this one.

[Anonymous No.8761416]

>>8761371
>explain why a boxer should be able to vet start ups and see if they are likely to succeed or not as well as people who do so for a living and have made billions of dollars doing so
Floyd Mayweather's reputation is in the ring dunce

[Anonymous No.8761441]

>>8761416
The point was about already fabulously wealthy people taking bribes from crypto startups.

And "vetting startups" is a crapshoot even for top-level VC """experts""".

[Anonymous No.8761509]

>>8761441
Why are you grasping at straws. What more do you want from a project in this space? Vechain has the talent, the backing, the connections, the partnerships, the live products READY TO GO on the public blockchain. I don't know, should we be betting on whitepapers?
I don't know what your point is. I rather bet on a project with all the things Vechain has than some whitepaper and nothing to show (TRX, Cardano, EOS, all of these).

[Anonymous No.8761575]

I feel bad for the cucks who fell for the Vechain fud.

[Anonymous No.8761582]

>>8761509
I just want :

1)Code for review
2)Info if this is ERC20 coin
3)Confirmation CCK is not fucking inside trading and propping up the price

[Anonymous No.8761602]

>>8761441
Also, listen. I didn't post all that stuff for you, you're hopeless. It's for anyone out there who's reading this and didn't know about things like Startup Garage, maybe only read the FUD, and wasn't aware that yes, VeChain's participating in it and yes, it's a pretty selective program that BMW themselves call a partnership.

My first post in the thread was a ton of links that hopefully would help people out if they're starting off with doing their own research. It really is one of the most promising coins in crypto, and these multi-billion-dollar companies and investors seem to agree. If anyone out there thinks the dumbass I was arguing with is smarter than those companies and investors, good luck. Otherwise, take some time and look into this coin, I can sleep at night having my money in this thing...more than with most other coins in crypto, anyway.

[Anonymous No.8761654]

No one is going to believe me but I work for a Daimler subsidy and we had a department meeting about blockchain the other day.

[Anonymous No.8761670]

>>8761582
Cardano has code for review and isn't ERC20. Maybe you should buy some ADA instead as vechain clearly isn't for you

[Anonymous No.8761681]

>>8761654
And what was discussed in the meeting? Any specific projects mentioned?

[Anonymous No.8761719]

>>8761509
>Why are you grasping at straws.
No u.

[Anonymous No.8761766]

>>8761681
Nothing too specific. It was a very introductory meeting about what block chain is and it's potential use in the future. Our company has a shit told of old people who don't even know how to use Outlook properly so an introductory meeting was obviously required. It piqued my attention though because I'm curious as to why we would even be discussing it. If there are any further meetings and whispers of a partnership is mentioned I'll leak it on /biz/. I know you'll all call me a shitposter and I'll be able to screen cap everything and kek about it later.

[Anonymous No.8761905]

>>8761670
That is why Im vary of Vechain. Its still chinkcoin erc20 coin that was inside traded for months with no whitepaper or code for review. Red flag after red flag.

[Anonymous No.8761943]

I wish you FUD'ing faggots would be useful and go to all the powh threads instead

[Anonymous No.8761977]

>>8761766
Well appreciated, anon

[Anonymous No.8762694]

>>8761943
POWH is such an obvious scam that FUDing it is just pointless.

[Anonymous No.8762709]

>>8761766
Why would it be ChinkChain? IOTA is far more likely for any German company.

[Anonymous No.8762746]

>>8759978
Not a direct scam, but a shady CEO and they have a number of ongoing paid shills

[Anonymous No.8762749]

I like Vechain but it could just be like IOTA associated with big names but garbage software anyways. We'll see how it goes but I'll be picking up VEN at the bottom, It's due for a run before June