>he's been holding coins that have been dropping since january
VeChain FUD: Moving the Goalpost Edition
Ok, can you explain to me why this needs blockchain? You have to trust Vechain's sensors to report data accurately, right? If so, what are the benefits of a distributred ledger? Wouldn't a centralized database work just as well?
Why do businesses use Microsoft Office when they can just code their own kek
Blockchain is a tool that can efficiently process a high volume of transactions quickly and for cheap. Vechain brings this tool to businesses quickly and for cheap. As a business, why would I track all my product in a fucking SQL database, pay for server space and bandwidth, pay for employees to administer and secure it, when I can just phone Sunny Lu and be up and running almost immediately on an immutable global ledger?
This, although I wouldn't say up and running immediately
People don't seem to understand that using a public blockchain for supply chain ends up being cheaper and more efficient for the business while providing greater transparency to everyone along the supply chain, including the consumer.
However, it's not cheaper if you need to build everything from the ground up yourself and then maintain it, and you also lose the benefits of participating in a public ecosystem, which run up and down the supply chain. Enter BaaS.
The people who FUD VeChain on this board truly do not know what they're talking about. Trolls, teenagers, people from low socio-economic backgrounds who have no corporate business understanding and are only capable of small, short term vision.
Getting high and staring at charts after you finish your college econ class/shift at McDonald's does not make you knowledgable about anything. There is a reason the big boys (Jim Breyer, Tim Draper) are getting exposure to VeChain in every way possible - through both tokens and through equity in the BaaS consulting business, while you are daytrading shitcoins in your mom's basement.
There is a reason most poor people tend to remain poor - they're fucking stupid, and they think places like Jow Forums are a legitimate source of useful information.
May god have mercy on your souls.
Tldr. Brevity is important
>basing your system on PoA with secret node operators
>using stupid cringy names like "power of Thor"
>claiming you're the most adopted crypto with 0 proof and 58 blockchain transactions
>having 75% of your volume on a chink wash trading site
>claiming those nodes are decentralized even though one group picked them all
>was a supply chain coin 6 months ago meant to track designer clothes and wine
>fueding with another Chinese shitcoin named waltonchain who's doing the exact same thing you are except they hired different shills
>setting up a bullshit "foundation" with handpicked insiders that dumps propaganda all day
>recruiting the shittiest possible ICOs and calling yourself a platform
>claim your poaching talent of ETH with a bet token and horse cum
>not being able to spell check your medium bullshit spam
>marketing to the west with chink spam groups like CREAM, boxmining and Reddit faggots
>having a fanbase that consists of attack shills and people that post the scam artist face on popular gifs
>thinking VTHO or whatever faggot coin it's called now is going to be worth anything with no demand
>thinking "billion dollar partnerships" means billions in revenue
>thinking you're going to absorb the entire supply chain business with no competition
>thinking companies like DNV GL don't invest in broad research
>thinking PwC doesn't have other partnerships
>assuming node operators don't sell en masse and make what little pathetic VTHO you mak
>diluting your main coin to copy TRON
>claiming your going to flip ethereum while being an ERC20 token with no product
>claiming you have a product that no one can publically use
>releasing financial reporting that's impossible to verify or audit as real
>bragging about retard angel investors like Tim Draper (Theranos? Six Californias?) as geniuses
>claiming Ethereum is not "Enterprise friendly" while every single company is part of the EEA
>thinking Western companies are going to trust a chink scamcoin while we're in a trade war
Ven is down by 80% in the last 3 months
It's a shitcoin kek
it takes 2,000 VET (chickens) to make 1 VTHO (Egg). seems to me like it would be safe to say that VTHO should be worth more than VET.
So much this
That entire FUD list was absolutely eviscerated one point at a time here:
reddit.com