RE: Analysis of the Veritaseum Scam
You actually forgot to mention the best part: The claim that the Veritaseum Wallet has already been in beta for years. Yet on the last slide of the Google Docs presentation (why no PDF? so people have a hard time to find the lies whenever the slides get deleted?), there's a link to the "Legacy Veritaseum wallet", but also a note that it's no longer available due to regulatory issues.
Soooo... if the old wallet product was shut down, because...? Then there's no need to explain the regulatory issue that could result in the new wallet to be taken offline aswell (as it's essentially the same product, only with its contracts on another blockchain), right? I'd like to hear a lot about that if I was an investor. Shouldn't we be able to find that binary somewhere anyways? Well, I had no luck, but still, hurray for the wayback machine for a tutorial for the "legacy" client to judge for yourself: https://web.archive.org/web/20170301054542/https://blog.veritaseum.com/download/veritaseum-wallet/send/3-ultracoin-clients-wallets/5-veritaseum-s-ultracoin-prototype-wallet-quick-tutorial
About the application: Looks like it's been removed in April 2016: https://web.archive.org/web/20170301054507/https://blog.veritaseum.com/download/veritaseum-wallet/veritaseum-for-windows/download/3-ultracoin-clients-wallets/2-veritaseum-s-ultracoin-prototype-wallet
So our amazing CEO doesn't like to talk too much (at all, actually) about his failed project ultra-coin.com? Obviously, after the experience of creating a new coin, not getting accepted by customers and exchanges with it and killing it off and removing all traces of the software, now thanks to Ethereum tokens and a decentralized exchange, the time is ripe to try again.
If this coin is not one of the biggest scams ever, which one is? I'm so glad the exchanges don't accept the VERI token, which random twitter bots try to convince them of all the time.
Ah, and one other extremely funny thing is being pointed out on slide 33, "Under the Hood", where they explain the technology. Please let me just quote:
"Arbitrary derivatives with [SECRET SAUCE], [NOT TELLING], [NOTHING TO SEE HERE], [NOT THE DROIDS YOU'RE LOOKING FOR], [MOVE ALONG], and more..."
If that's how my car dealer would describe the inner working of my future vehicle, I'd run away as quickly as I can.
And about the patents: "COOL, TECHNICAL SOUNDING STUFF ON HOW TO DO AMAZING THINGS WITH THE BLOCKCHAIN THAT YOU'VE NEVER HEARD OF BEFORE GOES HERE"
If you're still convinced Veritaseum is a good investment, I have news for you: You're lost. Please send your money to charity.
This is too good!
It's amazing that you guys get so many upvotes with so much erroneous info. We never had a coin for the ultra-coin.com venture. Ultracoin was a marketing moniker that was renamed to Veritaseum to avoid altcoin confusion. This was discernible with just a small modicum of reading, which you chose not to do or decided not to reveal.
CFTC changed their regulatory stance on bitcion which affected our client, so we pulled it to rewrite it, and we gave a detailed reason why and how. Again, just a little reading. In addition, since you are not privvy to the rewrite or how we are changing the platform, how do you come to the conclusion that nothing has changed other than the blockchain?
There's nothing wrong with not understanding the concepts or mechanics behind a venture, but you not only fail to understand it, you are filling in your knowledge gaps with lies and innuendo. Not very cool.
"...we gave a detailed reason why and how." --> Where, why and how?
"how do you come to the conclusion that nothing has changed other than the blockchain?" --> Can you elaborate on the differences? As there is no actual technical detail provided anywhere (besides the "[SECRET SAUCE], [NOT TELLING]" etc.), I wonder to which other conclusion anyone can come to.
i believe in you reggie, and am a fan of the product. But how come no one is responding to my feedback to the website. so many product questions.
I don't know if that is the real Reggie Middleton responding to you...but I started a new post with my response back to him. Link is here if you want to participate.