Redpill me

Absolutely.

100/VEN is roughly 20x current price or 50b mcap. That's not very big if we return to ATHs (or go beyond them which we probably will). Keep in mind there's going to be a big shift in how the market values these things. Once crypto real investors dominate the market they'll place greater value on real things. Sure btc might still be up there as number 1 because its digital gold or whatever, and so might eth due to it being the platform of choice for most ICOs, but leaders in BaaS (which as a sector definitely deserves a spot up there I'd say) will also be valuable.

Just don't expect this to 20x in the next few months, idk wtf is gonna happen in the short term & markets are not efficient yet. I think VEN is a pretty good investment on its own but it also capitalises on the structural changes that will happen to the crypto market over the next 2-3 years.

DNVGL just bought a stake in the corporate side of VeChain as well.

DNV GL buys stake?? wtf you told me its chink scam coin

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wheres the best place to sell ETH for this without uncle sam knowing that i sodl'd

I was told Circle exchange wtffff fuck you biz

theres apparently an announcement coming from circle thats rumoured to be re: vechain

actually learned something from leddit just then, I was a bit confused initially about the minority stake in the company because I thought it was a non profit. Thankfully someone on reddit had the same confusion and it was explained:

"VeChain is not a non-profit. You are confusing the VeChain Foundation which oversees governance of the public blockchain, the token issuance etc. and VeChain Tech, the for-profit entity that builds the dApps/solutions, consults with prospective partners etc which is a commercial entity."

theres no source for this. iv been following ven for months and never seen a mention of vechain tech company.

thats false fud bud

Isn't Luca Crisciotti a CEO of DNV GL Japan?

assclown

dnvgl.com/news/dnv-gl-buys-stake-in-leading-public-blockchain-service-provider-vechain-as-it-strengthens-commitment-to-raising-trust-and-transparency-through-digital-solutions-119749

This is the most pajeet sentence ever.

>sentence
do u see any punctuation u stupid fagit

Lil mad there pajeeto?

this is the first thread about VEN that wasnt 99% mindless spam and shitposting, im weirded out

is this an actual good coin?

That's a reasonable assumption and is my go to guess but we don't know anything officially about the structure of the for-profit side. For all we know it could just be a holding company stacking tokens. If it is an actual for-profit that could have interests that clash with the non-profit, then setting the non-profit up with six of its seven members belonging to companies that own the for-profit is a questionable move.

I saw Sunny Lu at a grocery store in Los Angeles yesterday. I told him how cool it was to meet him in person, but I didn’t want to be a douche and bother him and ask him for photos or anything. He said, “Oh, like you’re doing now?” I was taken aback, and all I could say was “Huh?” but he kept cutting me off and going “huh? huh? huh?” and closing his hand shut in front of my face. I walked away and continued with my shopping, and I heard him chuckle as I walked off. When I came to pay for my stuff up front I saw him trying to walk out the doors with like fifteen Milky Ways in his hands without paying. The girl at the counter was very nice about it and professional, and was like “Sir, you need to pay for those first.” At first he kept pretending to be tired and not hear her, but eventually turned back around and brought them to the counter. When she took one of the bars and started scanning it multiple times, he stopped her and told her to scan them each individually “to prevent any electrical infetterence,” and then turned around and winked at me. I don’t even think that’s a word. After she scanned each bar and put them in a bag and started to say the price, he kept interrupting her by yawning really loudly.

The mindless fud pajeets seems to be on lunch break atm

The Vechain for-profit side of the venture is interested in developing applications and solutions for their Blockchain environment. Enterprises can pay them to build/develop their blockchain application (or refit a previously designed one) for use on the Vechain Blockchain. Once that solution is finished, the company uses that application on the Vechain Blockchain and increases demand for VeThor and VET.

his correct i finished my curry chicken (rly good) ven is bad buy the amb now

I realize that but there is a potential conflict of interest between the two. While token holders want to see the maximum amount of high paying business on the chain, the for-profit company will have a different optimum outcome - landing the most contracts. There will be a motivation for them to offer extremely cheap use of the blockchain and to take profit on the application side off things instead, where those with the chain's interests at the front would want to see the applications basically given away and then charge more for using the chain. I'm uncomfortable with the idea that the guardians of the interests of the blockchain will also be those who will profit from another route by selling transactions at a bargain basement cost.

If they haven't resolved that conflict of interest then what's the point of having a non-profit side in the first place?

Audibly lold on the bus user, fuck you.
Probably because ive seen him on boxmining a couple days ago and he seems like such a genuine person even when confronted with an impromptu interview

I see your point. It will be interesting to see how this develops. I don't think anyone has a good answer for this right now and it appears to be a systemic problem inside the blockchain-as-a-service ecosystem.

no true pajeet would call it "curry chicken"

I guess you dual incentivize the players by making sure that shareholders in the for-profit are also token holders and then trust them to balance their interests that way, for a start. But I would hope there are some more formal mechanisms as well.

After thinking about it a little more, I wanted to add that the economic nodes (10k, 50k, 150k) combined equal 50% of the voting power on the actual public blockchain. This might mitigate some of the concerns about the steering committee motivations negatively impacting the public blockchain to increase their dapp revenue.

>spoonfeed me

no thanks faggot

This is fucking reddit tier shilling jesus fuck you have to fucking go back kike

he asked for a rundown you idiot nigger
fucking killyourself and live stream it please

As tokens become more expensive, nodes will produce more tokens, lowering the price of tokens but keeping the price of the coin.

For those confused:

DNV GL bought an authority node (250k ven)directly from the VeChain foundation strategic partner fund. This authority node represents their stake in the platform and guarantees them certain voting rights.

And they bought a minority stake in the for-profit tech dapp division.

I can't find anything about that part.

dnvgl.com/news/dnv-gl-buys-stake-in-leading-public-blockchain-service-provider-vechain-as-it-strengthens-commitment-to-raising-trust-and-transparency-through-digital-solutions-119749

It's tough to tell based on the way it's worded. The way I read it, the authority node IS the minor stake, which makes sense bases on the rights of the node.

You can also watch the periscope video where Luca (DNV Executive) goes into detail about what this investment is. DNV GL invested money into applications development side of the Vechain in addition to the tokens for the Authority Node. The link to the periscope video is on the coindesk twitter feed.

just sold the news!!!

Ok cool. Thanks

I'm wondering of they will implement some protocol in VeVID after launch to allow X node holders to transfer X node rights. That would be nice feature.

No. watch the interview they had today. It's both 250k of vthor and separately a minority stake

>crypto real investors
>DNV GL gains a minority equity stake in VeChain

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I've been saying this for months but VenFags have refused to hear me out.
> but...but VeChain is a not for profit
The network is going to be dirt cheap to use. It fundamentally has to be in order to be successful. Think about what a reasonable cost per transaction would have to be for manufacturers whose main focus is always on reducing operational costs. Migrating to the VeChain network will only be an attractive option if it can be done as at a cost savings to their current systems...and it can. It won't make you neets rich though.
VeChain the business however is going to make bank selling enterprise software to clients.
This is where the big money is...customizing applications to fit a clients needs and selling access and support.
You bag holders aren't invested in Vechain, you've simply bought access to the Vechain network....big difference.

>what's the point of having a non-profit side in the first place?
>what is regulation?
CHINKED.com

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Oh yes....fucking chinked!
Funny how they haven't talked much at all about their for profit branch. Huh...

That biztard chip or whatever was fucking right. I got chinked in at 5900 sats. Everyone kept saying it would head up to top 10 today.

I've been in damn near every fucking VEN thread trying to explain the fundamentals to the moon kids....I have no sympathy for anyone still holding these bags. You might catch a lucky pump if you're looking for an exit....but this is not going to rocket like VenFags want it to.

I get what some of the "fudders" were talking about. There isn't enough meat on the bone for it to 2x or more. It's all tapped out. We were chinked.

venfags can't do math. All they can digest are marketing materials. If they did the math with what little public info is available, they'd see that the amount of thor demand has to go through the roof in order to justify $3 vet.

>circle partnership
fucking chink scammers kek

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It's not just that there isn't enough meat for another 2x, it's quite likely already heavily inflated. We'll get to see how much demand there is for THOR once the network goes live.

>Wow, $4.88. Great buying opportunity!

Kek. Also CCK just followed RedPriest_The. That guy is a complete dumbfuck with 100% chance trading on insider info. Venfags are the most gullible "investors" in crypto.

Who in the public sector is going to buy a coin that is going to be kept at a certain price? Since if it gets too expensive they just print more? Shit is clearly a scam

you need thor to be low cost and without much if any fluctuation in order to use it in real world scenarios fuckheads.
If the thing you need to buy to pay for your supply chain with suddenly goes x100 you're fucked. you cant afford it/it's not worth it thus you won't buy it anymore.

For all the retarded fuckers here: it's a duality system. VEN is the one that goes UP or down, the coin that fluctuates based on speculation/demand. THOR which you get from having ven is the stable one that the companies use.

If the demand for thor goes up you get more thor per ven thus increasing the supply of thor and meeting this higher demand without raising the price of thor. The ven holder on the other hand gets more thor per ven thus the ven becomes more valuable.

its simple but ingenious system, some of you dumb motherfuckers are just too dense to understand it apparently.

Zoom out and see if you can locate an accumulation channel.
All the spoonfeeding im doing today, I should start a goddamn crypto for dummies masterclass and start charging people for this shit.

well said user

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>If the demand for thor goes up you get more thor per ven
Official sauce, or you saw this from some ledditor or medium article?
>inb4 dyor

>If the demand for thor goes up you get more thor per ven thus increasing the supply of thor and meeting this higher demand without raising the price of thor.
So you're saying the price of thor will be consistent? Why would I want to buy thor?

>Thor is always $0.50
>You can always find a buyer to sell your Thor for $0.50
>Thor gen rate only goes up not down
Ignore him, just another delusional venfag

>>Thor is always $0.50
>>You can always find a buyer to sell your Thor for $0.50
>>Thor gen rate only goes up not down
What would be the fucking point in investing in thor long term if it's sole purpose is to be cheap and stable in price? It's like buying tether.

you dont buy thor you stupid fuck, you buy VEN for the thor

only companies need the thor for transaction costs if they decide not to buy the VEN

companies have two options depending on their needs
VEN to produce thor or buy thor directly if they dont need as much

we just buy the ven

thor usage will drive up the payout of thor per VEN

No one's buying your hypothetical stable coin...

Thor is not a stable coin. He thinks it is, and he's brain dead, wrong, and has no proof. Where the fuck are you going to find Thor buyers if all Thor are fixed at $x?

Yeah no shit. The markets consumption of THOR will be what defines the price of VEN though...not speculation. Would you buy VEN at $100 if the amount of THOR it generates is only .10 cents a day? VENs value comes from the THOR it generates. Your post is hilarious because you think you're smart, but you haven't thought this through at the most basic level. VENs valuation will rise as the network grows through organic use....not hype...not speculation. We will have real numbers to crunch soon enough to arrive at a proper valuation.

>We will have real numbers to crunch soon enough to arrive at a proper valuation.
Sauce? It's to Sunny's advantage to leave venfags speculating in the dark if the numbers aren't looking good. No numbers have been released so far.

I'm talking about the markets consumption of THOR. What the transaction cost is and how many transactions are taking place.

I see people say all the time that if demand for THOR gets higher than VEN will generate more THOR. But I have never seen it officially. I think this part is speculation that's gone wild. I guarantee none of you can find where anyone on the team talks about this concept.

THOR may not be a stable coin, but transaction cost is meant to be a fixed rate, or very nearly so. That's why Vechain reserves the right to throttle the rate at which THOR is generated as well as adjust cost per transaction if necessary.

My question is where did VeChain say they'll actually release numbers?

No, they've described it this way before. I'm pretty sure this is where the Oxford math department "partnership" comes from. They are basically helping them calculate a balanced THOR generation.

Yeah, I doubt they'll announce them, but being a blockchain project, we should be able to figure it out.

Source because I've never seen this rate adjustment officially stated anywhere. The only info publicly available is from apotheosis saying that base node rate can adjust based on votes, and that doesn't sound frequent or dynamic.

Are you a business using a blockchain solution? No. So you wouldn't. Its how businesses will pay for services on the vechain blockchain.

More demand for vechain = more thor generated by ven in order to meet a stable demand. What we dont know is whether thor will be stable at .10, 1, or 10.

We will find out.

Agreed, that's the gist with what little info is out there. Remember company don't need to buy Thor. They only have to pay a fixed $ amount stated in a contract.

>What we dont know is whether thor will be stable at .10, 1, or 10.
You're a fucking retard

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its well known. They said multiple times they will try to keep the price stable for businesses. How the fuck else will they know how to budget without being able to anticipate transaction costs?

Thats why vechain will be a monster because it actually makes sense for businesses to use. As demand goes up that could drive the price of thor up, they will make it so more thor is generated per vet thereby dropping the price.

Demand goes up = more thor generated per vet.

Only the poor dont own at least 10k vet right now for the passive income.

>How the fuck else will they know how to budget without being able to anticipate transaction costs?
They anticipate by agreeing to a set price on a contract like any other business deal. We don't know the specifics but it sure is not going to be another Tether you fucking jackass.

Hory shet....
The same logic you are using to justify VENs valuation is the same logic I'm using to say it's over valued. You do realize that master nodes will be responsible for generating >80% of all the THOR? Good luck with your investment.

All the idiots ITT saying speculation will end once main net is released will be so fucking sad in one year. We are no where near the speculation roof of this market. The beautiful thing about Crypto is that the speculation of future network value/transactions is endless. You think Amazon is overvalued with a P/E ratio of 247? They have only made 9 billion dollars of profit in their entire existence yet have a speculative market cap of 760 billion. Not saying Vechain = Amazon (it doesn't), but that's the type of speculation we will continue to see in this space for the next few years.

>speculation
>let me hold the one coin that's been hit hardest by sell walls in all of crypto while every other shitcoin moons.

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Ah, so you were the type of Jow Forums trader that was complaining about sell walls and "when moon" back when people were filling their bags mid-December sub 9k sats. Why am I not surprised.

Filled my bags AND dumped them on rebrand like any other non-delusional person would.

PWC china is very different to PWC. Watch “The China Hustle” and you’ll understand. Chinese doing the same shit in crypto as in the regular stock market.

VeChains also partnered with PwC Singapore though, so it lessens the risk that PwC China is corrupt or whatever. I've seen the trailer for the doco its on the watch list.

we believe you buddy
funny how everything miraculously dumped on rebrand

Who’s buying your imaginary VeTether again? Kek