Vechain is possibly the worst "blockchain" project of them all

To be a block producer you have to you apparently have to be an enterprise

The enterprises don't expend any computational resource or monetary value, literally the only thing they have at stake is "their reputation"

Except, spoiler alert, literally all of the nodes except 3 are completely secret so 97% of the network has NO reputation at stake at all. There is literally ZERO incentive for the block producers to act honestly.

Oh and get this, the block producers DON'T EVEN HAVE TO COMMUNICATE OR REACH CONSENSUS WITH OTHER BLOCK PRODUCERS. It literally is not a real blockchain. There is NO consensus reached among nodes. The nodes just put out whatever data they want and the rest accept it as genuine. If you don't believe me read the first paragraph here: medium.com/@vechainofficial/defining-the-vechainthor-blockchain-consensus-proof-of-authority-8cf3f51a5fa0. Its hiding in plain sight because they know how absolutely retarded their community is

I have no words for this shit

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- CEO tweeted “buckle up my airline gonna take off” on New Year’s Day.
- CEO tweeted “I will buy as much (of my token) as I can” as price is “undervalued”
- CEO has admitted to trading his own coin
- project claimed to have Vitalik as advisor. This was denied by Vitalik.
- At a big conference in early 2018, CEO flashed nice slide with BMW logo stating “The Rumors Are True” , at that time and even now it’s only a project with BMW start up garage
- Came up with a Privacy paper in Feb claiming to be the best in the business, prominent community members went into Top Privacy project’s telegram to taunt and abuse the team and community there. Privacy paper was later dissected and never heard off again
- Allegedly has an insider (contracted by the team) going about as “coca cola kid” spreading a mix of insider info and downright lies (PBOC partnership) to facilitate hype for pump and dump. Actions condoned by team in clear sign that this was allowed
- CEO in a clear arrogant stand replied “Who is WTC?” to a question on another big blockchain initiative
-Removed PwC logo from website because they aren't partnered with PwC, only PwC China/Hong Kong, which is different
- CEO repeatedly claims to be the founder (singular) when research has shown the original founder to be some one else . At best he should be “a co-founder” and not “the founder”
- page 3 of white paper says “build a trust free” blockchain when the blockchain is the opposite of trustless as it has trust built all over ( trust their selection process, trust the limited number of authority nodes, trust that they won't falsify the records even though the nodes don't have to achieve any kind of consensus amongst eachother
- Claimed to partner with Oxford University but got told to take down the tweet by Oxford and no partnership or working relationship has been heard of since
- Open sourced code is just a blatant ETH for with Ctrl+Find+Replace Ethereum -> thor plus blake2 hash added

>- Open sourced code is just a blatant ETH for with Ctrl+Find+Replace Ethereum -> thor plus blake2 hash added
remember this one
>VeChain is looking to add more than 100 additional full-time developers by the end of 2018.
some other guy on Jow Forums said that's a bloated mess, software development is best done in focused small teams

the creepy levels of fud about this coin here makes me want to buy it

>Vechain is possibly the worst "blockchain" project of them all
Impossible, until link folds

Why? Because you’re stupid? It’s a shitcoin, plain and simple, the CEO faggot literally just makes shit up half of the time.

Remember, always do the opposite of what Jow Forums says.

I guess people are just happy that VEN got exposed as the scam they are.

VEN Holders have been the most arrogant and delusional moonbois of the whole cryptosphere.
It's just reasonable schadenfreude

why would someone take the time to write this shit or care at all about a project they hate.

Because VEN is cancer for Crypto.
Crypto investors hope for real life adoption and progress and maturation.
VEN is the opposite with their shortterm hype bullshit and hot air tech

>the creepy levels of fud about this coin here makes me want to buy it

This phrase is getting close to "do you hate money? stay poor" levels of dumb shilling

you seem extremely emotional about this which i find strange. every coin is basically trash it doesnt matter we are not at the point of real valuations in the market yet

@ ICO this fucker did not even have a white paper! It opened with 'this is not a white paper, it just isn't' . ffs i am not going with someone that caviller. Those fuckers that gambled on this, brought this scam to the world out of greed! Thanks! We still have lots of lottery ticket hodlers left while projects like this are still alive!

shit projects steal market share from the legit ones

name some legit ones

Because scams hurt crypto reputation and steal money that could go into legit projects.

lol name some legit projects you stupid nigger holy shit why do you people keep regurgitating the same shit

because they bought vechain at one point and realized it was shit

WTC. But you are too deluded by your VEN cultism to realize that

I’m confused, you wrote: “There is NO consensus reached among nodes” and you cited their article on blockchain consensus. But within that very article, VeChain states:
>the whole system does not require a minimum number of genuine validators to be available, like the practical Byzantine fault tolerance (PBFT) protocol does. This system enables the ability to perform multiple rounds of inter-node communications to reach consensus.

Can you clarify what you mean? You seem to be contradicting the source you cited to back up your argument.

BASED
i fucking knew i was interacting with chink bot ai

Don't like shit projects, want them gone

I do it only because the community is complete and utter shit. Look on r/cc, every single time some small no name 'media' outlet posts some two line article about them they feel the need to post it there and up vote it to the shit. In regards to the token swap this happened about 15 times for the exact same junk content.
The smugness is cancer.
I ask genuine questions and got bullshit unhelpful answers while also getting down voted while someone screaming "$50 EOY WE LAMBO" gets praise.
All this while screaming about how far ahead of any other blockchain project they are when they have produced absolutely nothing! I remember some cunt blowing his own cock over "I'm a developer and this mobile wallet is beyond amazing and impressive technological genius". Seriously number 18 on CMC and they don't even have a desktop wallet.
I'm just super glad all the hype has lost its effectiveness and the deluded bag holders are finally waking up to it, that latest waltcuck video really threw some salt on them.

thank you guys for protecting crypto for us

>the rumor is true

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oh
i’m sorry the community hurt your feelings that is tragic
i hope you can recover

I've come to this conclusion long ago, that all Chinese companies/coins just aren't worth investing in. There are so many scams, and often the companies are just there to draw out western cash to keep other connected losing businesses afloat as the economy over there is approaching a real liquidity crunch.

Even if say 10% are legit companies, the risk is just too high with such low standards set for credibility. I would rather pass up a golden opportunity than lose all my money, and invest in Western/European companies/blockchains that actually have working products, and even if some don't but make lots of promises, I would much rather take a punt on them than fund Chinese western capital extraction schemes.

you faggot. you dont understand how POW, POS, DPOS or blockchain ledgers work at all despite begin invested this long?

It doesnt reach consensus. its a fucking farce.

no shit retard
even investing in alibaba or baidu is a fucking dumb idea, they dont give a shit about poor people that arnt from china

Honestly I hate their community as well but only because I didn't buy this shit at ICO price. I literally hate VEN and have been convincedd that it's a scam for some time now. Which is why I love the fact that almost every redditor is convinced this shitcoin is the next big thing.

Can't wait till some of my small caps get to that status.

AMB

>Every redditor
Talking about VEN anywhere that isn't their sub is grounds for ban. As a matter of fact it was instant automated ban on cc not long ago

Huh? It’s Proof of Authority. Of course it reaches consensus, just not in the way you like. Ethereum supports PoA consensus on private networks too. You might hate is as a consensus algorithm but it sort of makes me question how serious this criticism is if people are so disingenuous they’re saying it’s not even consensus. It by definition is.

God, i remember the times when VEN literally upvote botted 3 news at a time to the CC frontpage, and hoards of blind moonbois yelling GET IIIIINNN, 100$ VEN SOON.
What a cancer this scam was

Newsflash for you deluded fucks, blockchain is not even close to enterprise adoption and every single altcoin is basically a scan at this point it's literally gambling investing in this shit. The only use BTC and ETH even have is to reinvest into these useless shitcoins.

This whole market is a sham. Don't be the greater fool and get the fuck out.

>seafood commons

>Reddit loves VEN wtf i hate VEN
>Turns out Reddit hates VEN
>Reddit hates VEN wtf i hate VEN
At least try to keep your narrative

Lol keep buying more

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I don’t have any but the FUD here is as stupid as the shilling on reddit, they’re two sides of the same retarded coin.

cope

The discussion is here based on reality that VeChain is a China Hustle: a failed startup from 2015 who had no clients or revenue and saw the 2017 crypto ICO boom as an easy way to make money.

VeChain plebbit is delusional.

VeChain Plebbit Today:

> There's been a lot of chit chat and talk about VeChain taking over Ethereum. But I'm thinking bigger, could VeChain take number 1 spot and kick Bitcoin out of the limelight?

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Yea, this. I have 70k VEN, I think it was a strength X node. I drank the koolaid. I upvoted every coca cola kid tweet on reddit.

And I feel like an idiot now for doing that. Sold a while ago. VEN is very transparently a bad investment.

There are some good FUD here once in awhile. The best FUD were discussed back in late 2017.

ahahaha I haven't seen this much baseless shit about a coin since ETH

i'm going to be so fucking rich

Just read the article. You have to trust the Vechain foundation to designate nodes who you then trust will not sully their identities and reputations by abusing their authority to make bad transactions when it's their turn to determine consensus. Remembet that they have nothing at stake except a media scandal when the public gets mad at what they did to VeChain.

This is not trustless. This does fuck all for game theory and establishing a decentralized, logistics system. A cartel could use this iteration of proof of authority to forge all the things.

baseless?

that fact is that global multibillion dollar businesses have already publicly stated time after time that they will be using this for everything and we will see it when the migration period from ETH is completed

eat shit biz
got my screencap folder primed and ready

screencap folder will be useless
when something goes up biz acts they were pretending to be retarded and just meming

yeah but the faggots that actually chose not to get in the only sure thing in this market, ever, will know

that's all that matters here

I don't need a screencap folder, i'll be happy being rich living a life full of comfort and luxury while all the "pretending to be retards" faggots, despite their denial, will still wallow on poverty reducing themselves to fiverr contracts about fudding random shitcoins for pennies on the malaysian spearfishing forum all while living a life of regret thinking on hindsight why did pass yet another chance in their lives

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We can’t lose!

>only sure thing
You have low standards

VEN is a proven SCAM

Show me where that ever happened. DNVGL is shilling Vechain...but they aren't planning on using it themselves.
You really sound delusional. "OMG everyone hates this coin....I'm going to be so rich!!!"

Holy shit, you really don't get it do you.
VEN mooned. Those of us who were smart rode the hype wave to 8-9$ and cashed the fuck out. You really think VEN is going to take off like a rocket one day and never come back down...don't you?

what are you holding now?

You guys are always moving the goal posts.
>just wait till rebrand....then we'll see who's laughing
>just wait until x-node lockup date....VEN to the moon!
>just wait until main net....biggest pump in crypto!
>just wait until token swap....screen capping you fags!
>just wait until $100 EOY...I'm going to be so rich!

At what point do you open your eyes and learn a fucking lesson here.

>I timed the top perfectly and made a ton of money
Post a screenshot of your binance transaction history unloading more than 10k VEN near the top or you're full of shit and a poorfag.

I'm not saying VEN is going to be some revelation in blockchain or anything, as I don't hold it, but I remember this FUD for ETH when it was stuck at $9-10 for ages before it exploded. Can't really say yes or no at this point in time in a bear market.

i put $800 into 714 xrp during the bubble on the off chance that it explodes in 2-10 years. other than that my investments are in solid stocks

>cryptosphere
>schadenfreude

holy fuck go back to r3ddit

>"im starting to realise VEN is a scam and im demanding evidence to make me feel better that nobody saw it that early while i held".

Eth does not equal Ven you crazy boy.
Eth was a new paragdim for crypto. if you cant see the difference you have no hope.

Vechain is just an Eth fork with a niche usecase for supply chain (but then it decided it was just a straight up eth clone and lost its niche). it offers nothing new, just a slightly different way of doing something we already have with ETH or other coins.

Chainlink is the next paragdim and biggset bease it will complete the ecosystem. only coins that will go on an eth run are coins that offer soemthing completely new to the blockchain community.

how does demanding evidence that someone sold the top and made more than peanuts imply any of that?

becase if you were so secure i nyour investment you wouldn't give a single fuck what he did with his. lol

Sure

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Its pretty damn obvious that
and
Are the very same retard, uses the same modus operandi of aggressively replying at anyone who even implies something positive at Ven using the exact same cadence in his sentences, judging by his blatant typos he probably moved to his phone.

He is in every thread and is transparent as it gets, if memory serves you i'll have you know he literally bought the top at rebranding and made VEN a personal vengeance for him, truly sad

not everything is a conspiracy fag. no fucking way I'd ever shill link

Also, I sold most of my stack on BTCs first decent to 6k when VEN was somewhere around $8....what I had left I sold as soon as I saw that stupid video they put on their new website.
>imagine a world where everything you touch generates POWER!

poor little butthurt retard.

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I was listening and then you said Link.

Tata..

>vechain is a scam

HAS ANYBODY BEEN SCAMMED BY VECHAIN? Has anything super shady happened? Anybody abusing any power yet? Has 1 thing happened yet that points to this being a scam? Not speculative scam, but please list something specific that has actually happened........I'll wait.

FoxyIT is a fucking faggot

his name is FoxyIT and he's a teenage faggot

Throughout jan and feb, every CCK and Vechain foundation tweet was a pump and dump. On multiple occasions, I watched the pump in real time moments before the tweets went out. Vechain has been extracting as much money as they could from dumb crypto moon crowd.

That sounds like insider trading, but honestly there’s absolutely nothing stopping that with any coin in this unregulated market. I don’t know why every company wouldn’t be buying up tokens and then selling them after press releases.

Yeah, pretty fucking scammy. if it looks like a scam....acts like a scam....???
When they tell you they are going to be the number one blockchain with trillions of transactions by the end of the year....you gotta think about whether or not they're just trying to build hype for the next pump. So far, they haven't delivered on the many promises.
I mean for fucks sake, they don't even have a desktop wallet. The "blockchain for enterprise business use" doesn't even have a god damn desk top wallet.

>Throughout jan and feb, every CCK and Vechain foundation tweet was a pump and dump

Again, how did Vechain scam you? Every tweet CCK sent out ended up being true... the fact that irrational buyers in an unregulated market bought and sold is irrelevant.

>When they tell you they are going to be the number one blockchain with trillions of transactions by the end of the year.

You gotta think, they have their entire reputation and project ON THE LINE by just making up bullshit. Why would Vechain just pull random lines out of their ass if it was going to hurt them long term. They obviously have some big shit in the pipeline.

>So far, they haven't delivered on the many promises.
I mean for fucks sake, they don't even have a desktop wallet.

Again, what exactly did Vechain not deliver on. They never said they would have a desktop wallet now lol. What else do you feel betrayed by them by? Every single thing they've said has come true. End of the year isn't for another half year so lets see how busy the blockchain is by then :)

hold your ven guys, it'd be straight dumb as fuck to sell now, you had your chance and missed it before. The market has been aritifically inflated with piece of shit projects with zero promise, zero product and zero customers. As scammy as you think vechain might be cause muh china hustle, it's closer than 99% of everything to actual real world use. Everything else is just ideas and whitepapers at this point.

>their reputation
You do realize the Chinese respect you if you pull off a scam, especially on westerners, right?

>HAS ANYBODY BEEN SCAMMED BY VECHAIN?

> Failed blockchain without revenue since 2015

> Swoop in to collect easy ICO money and hype up their company in late 2017

> 100-strong company since 2015 can't come up with their own blockchain without ripping off Ethereum

> No revenue, failed company since 2015 now suddenly hyped to be the most used blockchain on mainnet launch with trillions of transactions

Obviously not exit scamming but shilling propaganda campaign with fake partnerships, ripped off tech and claiming a blockchain that no enterprises are using is going to be the most used blockchain with trillions of transactions luring dumb investors is scammy as fuck.

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>I don’t know why every company wouldn’t be buying up tokens and then selling them after press releases.

Lmao because that type of thing isn't that hard hide. Why would vechain risk everything they have worked so hard for, up until this point, to do some dumb ass shit like that? Use your head. ONly when you have nothing to lose would you do some dumb shit like that.

You just made that up lol. The chinese fuckin love Americans bro. Have you ever been there? If you're a white American you are literally god tier there. There's a reason why being paid to be a white businessman is a thing in China, they don't hate Americans user, use your brain.

Lmao bro, the main net just launched. Relax. They haven't even done the token swap how the fuck you think transactions are going to go through.....Durrrrrr

Doesn't even matter to me honestly tho and maybe because I'm still up (got in under a buck). If I had bought above the price now then I may be feeling super salty lika yallz.

I have a lot of Chinese colleagues. They don't even invest in the Chinese stock market because they say it's all full of scams. And that's a regulated market!

You think in an unregulated crypto market Shady Lu and the China Hustle Crew are going to look out for investors. Even if VeChain ever generates revenue, they're going to undercut and sell at a discount. The only way you make money off VeChain is another massive bull market where every shitcoin moons and then everyone starts claiming they have real world adoption.

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>Again, how did Vechain scam you?

They lied about their partnership with Vitalik until Vitalik called them out and then they deleted all their tweets regarding it and explained "ohhh vechain is in partnership with an old company that vitalik partnered with"

They claimed BMW was their partner and then everyone emailed BMW and they went "Please don't email them we will lose partnership"

Turns out it was just a start up garage which every Tom Dick and Harry can do.

They have been purposely lying about everything and anything.

The Devs had walls of 50-100k VEN since 2017 selling their bags and claiming "its the whales lets buy those walls down" and everyone literally did that.

They also lied big time when they claimed the National level partnerships with China.

First of all China has an economy of a trillion dollars, why would they let an OBSCURE unknown unsuccessful less then a decade old company out of the blues into their offices? Why would they entrust a giant project to a bunch of nobodies and also why was there not a SINGLE MENTION of Vechain taking over the Gui'an projects in the Chinese media.

as for jim breyer or DNV etc.
Watch China Hustle on Netflix.
These people can literally be bought for a price to represent a company.

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triggered wtcuck

A lot of satly walties around here.

Hodlers at this point are not going to heed your warnings. Imagine how delusional they must be to decline MULTIPLE opportunities to sell high and buy low.

what if they did and increased their stack because they don't believe your bullshit weak ass fud. you faggots fudding it are so retarded. if you hate it so much forget about it instead of wasting so much time shitposting about it. just kys and be done with it.

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