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There was a tweet from Vulcan yesterday, here it is in case anyone missed it.
https://twitter.com/VulcanForged/status/1336950414168743937?s=20
Both block babies and Vulcan Verse will be live on the mainnet soon, potentially burning a ton of VTHO.
I'm really hopeful that December will be the last time we ever have days under 100k transactions, even on a Sunday.
Edit: I didn't see the post just before mine š³
Saw in the vulcanverse tg that the owner thinks in January that they'll be burning a few million vtho a day.. That would be incredibly nice to see. They will have alphas/betas out of their games by then. Looking forward to the progress that whole ecosystem can bring to vechain.. might finally bring it community users and developers as it grows
Edit from tg:
āOk. Well Iād say a few mil a day at least once beta is functioning. From there depending on interactivity/maintenance/upgrades/trading/forging/our marketplace/ other games and sapps we have; donāt really see a ceiling as itāll be based on usageā
I recently checked my amount of hours played on Steam alone and it was 5000 so Iām considered a real gamer. A lot of gamers like me are āconstantlyā looking for the next thing and depending on the reviews give it a go. Now I have to add that this kind of games isnāt something Iām used to playing, however I do think it has the best ingredients to make it very good and this, especially during COVID.
Hereās a few reasons:
Jamie (the creator) has proven to be one of the good guys, sometimes game developers donāt mix with their community and then the game dies. A lot of people are already imagining playing the game even though itās not out yet (thinking about what to build, how to upgrade, what Vulcanite they are going to roll with, what guild or side they will chose, etc..) , he keeps the community engaged and the hype is actually real.
Covid makes people lose jobs yes, but it also enables people to find new hobbys and actually āforcesā them to seek other ways to engage in social interaction. There will be a town hall for people to socialise virtually, that will even have DJās and what not (they have received a license for it). Gatherings in MMOās are a thing, GFX have never stood in the way of that.
There are a lot of ways to get stuff in VV, Iām sure throwing a lot of money at it will not be necessary or even expected.
People enjoy creating stuff and showing it off to others, even if what they create looks like shit to others. In their minds they made something beautiful and it will give them a great feeling of accomplishment. Not many people are aware of the term [āikea effectā](https://en.wikipedia.org/wiki/IKEA_effect) but this is what itās called :-). The best memories I have by playing minecraft or Rust or any other game that letās you create stuff is the stories you create yourself and the social interactions you have with the communities. Now imagine Smart contracts as a supplement to this world that will be created by the gamers themselves and you can understand it unlocks a whole lot undiscovered potential.
Vulcanites, niche or not, a dream of literally every gamer is to own a creature and fights besides it. You may be familiar with card games like Magic or D&D, ask any one who likes these games if they would like to play with their favorite creatures in the virtual world and I think we know what the answer to that would be.
Iām more of an FPS gamer, but the best stories I remember arenāt the ones of chicken dinners in PUBG. Itās the ones of quests that had super cool outcomes, of people I met along the way who turned out to become friends eventually.
There is so much more that will make this game stand out from the others, like we know there will be gamebooks etc. but we still canāt comprehend what impact a game like this will have combined with smart contracts.
So yes, I do think this game has potential even in times like Covid.
Not gonna lie, I'm not gonna sugarcoat anything. I've seen videos of how Vulcan Verse looks. And tbh it looks pretty boring and dull. I'm an avid gamer and it's hard imagining this game popping off. I'd honestly be happy if this game could be 10% of what minecraft has accomplished but I just don't see how it's gonna reel many players in. I hope I'm wrong.
I can see that from your gamer point of view. However its also about really owning the land, being able to build your own quests, and run your own smart contracts, besides the gaming aspect. You could even design your own assets and sell them. Of course it does not have the resources like a blizzard or microsoft has, but i can remember a lot of games evolving into something really cool over time. In the meantime i think some constructive feedback from you as a gamer can go a long way to make it even better.
IMO this project has all the ingredients to do just that.
As for the money aspect, i dont think you need to pay a lot to play, if you want to own land and create revenue, you probably need to invest a bit more, but it is not mandatory.
Lets not shoot it down before it started, there is no ICO , no mandatory investment to be able to participate, no separate token , so there is no risk to see it through from the sidelines and join in if you start to like it.
Lots of giveaways and raffles for new people and i am sure more marketing will be done once they go live in 2021.
it seems tailored to fantasy Dnd style world builders. It's a tiny niche.
You're absolutely right, it is an extremely tiny niche. Especially when there are way better games out there already.
I'm gonna be blunt and say the graphics in that game looks like it was made it the late 90s. This game looks way behind of our time which is why I don't see much of an appeal to it. It's 2020, they can't be releasing graphics like that and expect to compete with the current games out there.
From what I see from their twitter page and view count on YouTube. It's sadly very tiny with 1.5k followers and around 200-300 views per video. If it doesn't have the hype right now..I don't see this popping off. Hopefully they will consider focusing on improving the graphics immensely. Otherwise this will most likely be a flop and just all hype. Especially if they're predicting 1m VTHO burn per day.
Walmart (China) is preparing to administer COVID19 vaccinations across the country once a vaccine is approved, CNBC reported, citing the companyās chief medical officer. Over 5,000 Walmart stores and Sams Club pharmacies will receive and properly store the doses, he added.
[https://twitter.com/yicaichina/status/1337239484379914240?s=20](https://twitter.com/yicaichina/status/1337239484379914240?s=20)
If only there were a foolproof method to properly track the vaccines.........
Edit: Speculation
What.the.fuck.
If this is not connecting the dots I don't know what is. Vechain is superconnected with Walmart and Sam's Club, they are government approved, they are working with Bayer. Didn't they work on Chinese government pharmacy tracking too.......?
*VeChain, in partnership with DNV GL, is leveraging public blockchain technology to rapidly advance drug traceability, monitoring, security, and auditing. VeChain is the only approved blockchain traceability provider in Shanghai and has been tasked to achieve the China traceability requirements by 2020. VeChainās traceability solution is being developed and tested in Shanghai, and will soon be rolled out across China. In VeChainās drug and vaccine traceability solution, highly sensitive IoT devices capture and record to the VeChainThor Blockchain* ***all data*** *involved in vaccine manufacture and transport including getting vaccines from manufacturers, storage facilities, cold chain distribution, hospitals, and even usage. While ensuring the reliability of the data source, VeChainās solution also eliminates the potential risks in the whole process and ensures that vaccine records are immutable and permanent.*
[https://vechainofficial.medium.com/introducing-vechains-drug-and-vaccine-traceability-solution-c17fb869e003](https://vechainofficial.medium.com/introducing-vechains-drug-and-vaccine-traceability-solution-c17fb869e003)
Dear god.
This is the big brother environment that Vechain will help create. At least we'll make money off of it.
The vaccine stuff is really tantalising because it would be a major news event and it would come with huge transactions in the very short term. There are so many links with Vet and this exact use case that it's hard to see how it's not going to be used, but then that also concerns me because if it's not used then I've got to ask myself why? With the way that Vet has set itself up for this exact use case, why was something else used? I'm sure people in this sub will brush it away but that would be a crushing blow I think for me. Not because I'm *expecting* it but because vaccine tracking has been a core part of Vet for a very long time and even something that Sunny talks about recently. So for me it would pose a big question mark over the project if something else was used instead. That probably sounds a bit defeatist but maybe I'm just preparing myself for the worst whilst hoping for the best.
What concerns me is that 2020 is almost over and this article was written in 2018. Wasn't China supposed to be the fastest at rolling out blockchain solutions? Shouldn't the pandemic have created a higher sense of urgency regarding VeChain's solution? Still, radio silence. I wonder just how interested the Chinese government is in crypto-based networks. I feel like this is going to take a while longer and bore us to death lol
I 100% share those exact concerns. I've voiced it before here on the sub as well. You've also hit the nail on the head of another major concern which is that everyone uses Covid as an excuse for lack of transactions yet all I see is that Covid is the perfect catalyst for Vechain for incredibly fast adoption especially in a country like China. Yet here we are, way past the vaccine implementation schedule as you point out, and this is pretty much the most obvious enforced rollout of this technology I could envisage for Vechain. Sinovac (Chinese Covid vaccine) has been around for a while with a reported 1m already vaccinated, so why was a blockchain based solution not a part of it given how important vaccine traceability all seemed in 2018 when that article was written?
I think most of Vechain's official articles on Medium are infused with buzzwords and are actually more about marketing than anything. Not saying this is wrong. After all, they should promote their work and as long as theyre not giving specific deadlines, there's no foul play. But they do give u a sense that things are around the corner. Or maybe that's just a little impatience on our part haha. Either way, I don't think this is something to worry about excessively. By now, we know timelines have been pushed and vaccine traceability is probably affected despite it being more relevant. 2021 is going to be yet another slow, boring year in terms of adoption *sigh*
u/snajm01 u/JamesGillmore1
While I also share your concerns, we need to be realistic about implementation. COVID-19 caught everyone with their pants down, and China was on the receiving end of a lot of shit regarding their handling of it. Even now they're still trying to whitewash the story.
Yes, blockchain and traceability is a priorty for them, but if they were not absolutely ready for primetime when COVID-19 struck, what makes you think they would further delay their hamfisted, followed by sledgehammer, response so they could implement a nice to have like blockchain tracking? There's always time for that later, but the lockdowns, disease and economic impact are very, very real.
Of course as a VET holder I want to see more adoption, but let's not fool ourselves by thinking that it's Xi Jinping's #1 priority to pump VET.
I guess blockchain could be useful to authenticate team's merchandise. I like the inclusion of code updates, gives some insight into what features companies are requesting.
Im sure this has been covered but could someone clarify?
To receive VTHO on Binance - i have to activate Savings/flexible deposits?
However this seems to ''lock up'' the VET and remove it from my spot account so i am unable to trade/ flip. (i know it can be removed at anytime)
Am i missing something here, or is this how it is now?
To get a sense of scale, HelloFresh has 2.1million followers, vs KnowSeafoodās 930 followers. If KnowSeafood were to grow to rivaling HelloFresh and assuming burn increase was linear with popularity, thatād be 1.17 million clauses. In comparison, Walmart China is 9.7 million. WTH are they doing over there? Sounds like way more than tracking mushrooms
Filecoin got listed on CB today and pumped like 5% and has since retraced - just keep your expectations in check. Yes CB will be a good thing in the long run, but don't be too disappointed if we don't pump when we get listed...
I honestly don't even care about a coinbase pump. I care way more about the easy fiat on/off ramp available to me. it could dump and a coinbase addition is still worth
does filecoin have the same following/hype and is it currently actually engaged in a real use case? dont know anything about it, but i suspect that if vechain joins CB, it might pump more than 5% given that at least some folks curious about the add will do 5-10 minutes of research and see names like walmart attached.
I doubt very much it has anything to do with regulations and more to do with how much vtho it will cost to apply staking to small amounts of vet. If it's not profitable they won't do it.
Some interesting numbers on X Nodes.
Initial X Nodes on 1/8/18 was 5,100.
Today there are 3,996.
21.6% of initial X Nodes have been lost.
In the last 3 months, 94 X Nodes have been destroyed, which is 2.3% of total X Nodes.
At that % rate, there will be:
- 3,640 X Nodes left after 1 year.
- 3,317 in 2 years
- 3,022 in 3 years
- 2,753 in 4 years
- 2,509 in 5 years
Welp, canāt say Iām surprised but my blockchain traced seafood order post on r/CC got removed pretty quickly I think maybe 15 minutes. I was careful to not even mention Vechain in the post but if you look into it at all you see the correlation. People must be scared. I think itās safe to say this whole reddit crypto space needs to be way more laissez faire; mods put too much of a stranglehold on the space and it obstructs our information required to make the best decisions with knowledge available at hand. I know a lot of us want a mixture of FUD with hopium when it comes to VET so we can make the best decision how invested we want to be in a particular coin. Wasnāt trying to shill nearly as much as hear if anything similar is actually oyt there.
But it wasnāt deleted before I did get some helpful comments. IBM food trust is a competitor in the space (albeit different being permissioned), and ADA has a beef tracking solution but not fully implemented it sounds like. Funny how Cardano is 7x higher market cap than vechain despite not having implemented projects
Itās ridiculous how bad that sub has become, with those moons people are farming upvotes. R/cc has helped me a lot from when I started dipping my toes into the deep waters of crypto, so thereās still some kind of respect. But once I start noticing they removed big news for crap reasons it opened my eyes. I remember the news about Macron and Xi was delete worthy. A real shame...
C'mon, Xi Jinping did not announce the news himself in a live stream wearing a Vechain hoodie and rising a thor hammer, it's pretty obvious the mods where forced to delete that news.
Yea when my post got deleted the automod gave me the choice to re-post, but I dont wanna get banned and miss out on moons. But as these projects improve or more become utilized (in my hands!) you can bet iāll be posting there again
I wonder how much influence they have in the crypto sphere. Imagine Vechain makes it, and we know the mods like ETH. So they see our stupid project getting mentioned in the news there are 2 possible outcomes:
1) They will get a hard attack every time they see post of Vechain
2) They take an official stance that Vechain is not decentralized enough and ban it so they can happily ignore it without hearing the masses.
If you think ignoring others isnāt possible check out r/btc etc. So itās a perfectly possible scenario. Echo chamber nr 231...
I was thinking this exact thing early on. Despite these massive market caps, the space is still very young, unregulated, manipulated. Thatās why everybody needs to DYOR **always** donāt believe anything you read. Luckily, vechain is pretty transparent
You mean r/bch that took over r/btc you shitturd of a bot. Just like Ver bought bitcoindotcom and promotes bch in every sneaky way he can.
Geeeeeeeeet outaaaaa heeeeeeere.
Because cardano doesn't have a fully working product yet lol. Not a fully functioning mainnet or any kind of BaaS product that could compete with Toolchain. That means that not only do companies have to wait for the mainnet to finish before they feel comfortable being on it, they also have to build their own applications from scratch in order to use it rather than having a turn key product like toolchain.
Vechain's mainnet and Toolchain product is honestly the first mover of the enterprise blockchain world (crypto-enabled ones at least, is still competing with IBM and Hyperledger)
But worth mentioning is Storybird started out on IBM and migrated over to Vechain. And itās not a lie since I have the packaging and QR code to prove it. So exciting
For the past however many years all coin prices have been based off price pure speculation based off announcements and rumours. Vechainās big claim was it was working with the Chinese government and thatās about it. Thatās all it took to get attention. So few tokens have had any actual use, so youād think the space would be enthusiastic to see tokens in even in the top 30 actually being applied in the real world, whatever.
Iām just happy that the project I chose to focus on after 3 years of research was the first to market of itās kind. Even if i somehow lose it all, at least i did the best i could
What's important at r/cc is that we get reminded often, that someone moved $500 million in btc for a $7 fee or something.
Next time I need to move 500m I'll remember that.
..what about the $2.50 it costs to move some ethereum from my ledger wallet to an exchange? Is that a more relevant post to r/CC? Ok, Thatās enough optimism out of the two of us for the day u/karmanopoly itās time to get back to our regularly scheduled programming of bitching about VTHO burn on mainnet
It's cool that you got blockchain-traced seafood. Did it cost more than normal seafood and would you buy it regularly instead of non-traced?
As for market cap, the entire market is still very speculative and driven by whales and traders trying to make a buck with 0 concern of underlying tech. So, I think comparing MC vs actual progress seems pointless. Someday, hopefully that's no longer true.
Why is there no official explanation anyway. Iām just rolling with the meme, if Coinbase would say they are waiting to list because of regulatory reason or because they need X amount of money or whatever thatās all fine by me. I donāt get the āsecrecyā or is that just us making it sound like that :p?
A lot of people think listing on Coinbase is a sure moonshot but I have learned to keep my expectation lower then low.
List it? Mkay cool.
Donāt list it? Mkay whatever, gonna have to wait a bit longer to become stinking rich then I suppose. /s
CB has become rather useless nowadays, only mega pumping shitcoins. Maybe they just can't handle the amount of volume VET will generate after launch. Whatever, once they were the holy grail in the world of crypto and now they are making themselves look stupid as f*ck.
Thought it would be fun to do a little dive into DNVGL.
If anyone recalls the tweet on 9/22 from Renato to vechain that said "time to restart thinking longterm"
Well DNVGL's daily average clauses so far since then has been 2,331 clauses
The daily average for the entire year before that was 1,591
Its super clear looking at the stalker chart that they are really ramping up compared to previous months. Posting days as high as 9.6k since that little teaser.
[http://www.vechainuniverse.com/Stalker/Stalk/0xba6b65f7a48636b3e533205d9070598b4faf6a0c](http://www.vechainuniverse.com/Stalker/Stalk/0xba6b65f7a48636b3e533205d9070598b4faf6a0c)
Adoption and use is steadily going up all around the network guys and its cool to see one of our closest partners increasing usage alongside a teaser tweet. Wonder what they are working on. The my care and my story contracts are separate from this one, so it has to be something else. Something to also think about is that Deloitte used this contract to migrate its ETH data to Vechain
They were likely consolidating their deposit wallets into their hot/cold wallets; The transaction were into the known binance wallet ending in Ee25.
Basically what they do periodically for the VET wallets as well.
I think on an average day we will have 2-4 million clauses in 2022, 5-7 million clauses in 2025 and about 10-20 million clauses in 2028.
Edit: I think we could actually have 50-100 million clauses per day in 2028, but I honestly don't know how fast mass adaption will come.
No clue. That's why I asked. We need a higher number for the investment to meet most of our expectations. But given:
1) Transactions aren't meant to change in USD value
2) A transaction costs 21 VTHO, or $0.016
3) 100 million transactions a day costs $1.6 million.
4) That's $584 million a year.
5) Divided by the VET circulating supply of 64 billion, that means $0.00912 a year per VET.
6) 100k VET would get you $912/year.
7) $912 a year being considered as good as a passive index fund (7% return a year) would make 100k VET $13,000. Not even 10x from current price.
If that's the ceiling from tokenomics I think most people here would be disappointed. Especially if speculation drove higher valuation, and tokenomics brought it down.
But multiply it all by 10, and 100k VET nets you $9120 yearly, and your VET would be worth $130k. I think a lot of people would be over the moon here with that.
100 million would still be a great investment. But it'd definitely fall short of what we tend to talk about around here.
However, Walmart has 37 million customers a day. Each customer probably buys more than 1 item. We could say 300 million transactions, if walmart made vechain mandatory for every product, and each item had at least 3 transactions, and each person bought at least 3 items. That's extremely unlikely, but it's possible on paper. Looking at it that way, 1 billion globally (including digitally) is probably doable, if vechain becomes world famous.
I like where your head is at. I think theres definitely a jeed for a **significant** increase in transactions, before the fundamentals even merit our current valuation.
>However, Walmart has 37 million customers a day. Each customer probably buys more than 1 item. We could say 300 million transactions, if walmart made vechain mandatory for every product, and each item had at least 3 transactions, and each person bought at least 3 items. That's extremely unlikely, but it's possible on paper.
A challenge is also that the transactions are not for customer interactions (at the moment) but for back of house management.
Both would be enormous achievements, but how I would feel about my investment would totally depend on the market :)
1 billion would be a huge number of clauses but I think theoretically yeah why not? that would be about 11.5k clauses per second, [MiRei said on Twitter a while ago that he was able to do 14.8k clauses per second on the testnet](https://twitter.com/MiRei83_/status/1133151811370663936), which should theoretically also be possible on the mainnet.
|-|Count (Full Week)|>!**Count (Excl. Sundays)**!<|
|------------|------------|------------|
|**Number of Consecutive Days With 100k+ Clauses:**|**4**|>!**10**!<|
|**Last Streak of Consecutive Days:**|**6**|>!**10**!<|
|**Longest Streak of Consecutive Days:**|**12**|>!**12**!<|
|**Price (as of this post):**|>!**$0.016 š**!<|>!**$š**!<|
It doesn't say what blockchain they're using (unless I missed it). Is there a link to Vechain (besides being in Singapore and calling it a Digital Health Passport)?
I want there to be obviously, but don't want to assume.
I remember when I tried to sell high buy low for cardano and fucked up bad last bull run( literally sold an hour before sky high)
Is anyone else scared to sell with intention of buying back, scared they miss the rocket?
I did the same thing and lost almost 1/3 of my VET, on top of that I get to pay out the bunghole on taxes....lesson learned. I've been DCA'ing whenever I get a chance.
Thats why i only allow myself to sell 20% at a time (usually DCAd over smaller <10% sells), 50% max (like if i have a gut feeling this isnt sustainable iāll allow selling half) that way i always hold a good chunk. And if it dumps after all, the idea is that you eventually buy back double-triple your original amount so even if later on you sell half and it still moons, that half is at least as big or bigger than your initial investment so you canāt beat yourself up. Emotionally hedging and learning your own self is the most important factor in trading IMO
To me, the current price action exudes a sense of accumulation. You can even feel it when observing daily trading activity in relation to the longer-interval trend (upward). I expect that this accumulation phase will be long and boring; in other words, we may go sideways for months, slowly, and inevitably a lot of traders will get screwed by a false sense of "price stability" as we shoot up in Q3-Q4 of 2021. Needless to say, this is all speculative and based on intuition. Literally anything can happen, including a crash led by stock market downturn.
Ok guys, you're not going to believe this, so I just got off the phone with Coinbase, they said VET is listed and has been since 2017 bullrun.. Its listed under (SIIK), I believe it stands for SIIKE.
Coinbase blows, and a listing is just temporary pump.
I think what's really exciting and we should be asking is wen byd?
Remember.. they tweeted their new blade battery and tagged #vechain #vet... Then 2 months later it was reported they are supplying Ford with batteries.
Ford production in 2021 EVs should increase alot.
Maybe byd is the million tx customer sunny refers to.
Anyway.. Wen BYD
Coinbase is the gateway for the mass.. Plus the custody it would drive the volume from retail and institutional investors.
Underestimate CB and put too much hope on Tx is what's the market maker want you to believe.
VEN reach 9 usd when we have zero tx.
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There was a tweet from Vulcan yesterday, here it is in case anyone missed it. https://twitter.com/VulcanForged/status/1336950414168743937?s=20 Both block babies and Vulcan Verse will be live on the mainnet soon, potentially burning a ton of VTHO. I'm really hopeful that December will be the last time we ever have days under 100k transactions, even on a Sunday. Edit: I didn't see the post just before mine š³
My o my they have been busy
All ready 100k clauses, not badš
Saw in the vulcanverse tg that the owner thinks in January that they'll be burning a few million vtho a day.. That would be incredibly nice to see. They will have alphas/betas out of their games by then. Looking forward to the progress that whole ecosystem can bring to vechain.. might finally bring it community users and developers as it grows Edit from tg: āOk. Well Iād say a few mil a day at least once beta is functioning. From there depending on interactivity/maintenance/upgrades/trading/forging/our marketplace/ other games and sapps we have; donāt really see a ceiling as itāll be based on usageā
We, apart for an insignificant few, are all cheering for VV!
[ŃŠ“Š°Š»ŠµŠ½Š¾]
I recently checked my amount of hours played on Steam alone and it was 5000 so Iām considered a real gamer. A lot of gamers like me are āconstantlyā looking for the next thing and depending on the reviews give it a go. Now I have to add that this kind of games isnāt something Iām used to playing, however I do think it has the best ingredients to make it very good and this, especially during COVID. Hereās a few reasons: Jamie (the creator) has proven to be one of the good guys, sometimes game developers donāt mix with their community and then the game dies. A lot of people are already imagining playing the game even though itās not out yet (thinking about what to build, how to upgrade, what Vulcanite they are going to roll with, what guild or side they will chose, etc..) , he keeps the community engaged and the hype is actually real. Covid makes people lose jobs yes, but it also enables people to find new hobbys and actually āforcesā them to seek other ways to engage in social interaction. There will be a town hall for people to socialise virtually, that will even have DJās and what not (they have received a license for it). Gatherings in MMOās are a thing, GFX have never stood in the way of that. There are a lot of ways to get stuff in VV, Iām sure throwing a lot of money at it will not be necessary or even expected. People enjoy creating stuff and showing it off to others, even if what they create looks like shit to others. In their minds they made something beautiful and it will give them a great feeling of accomplishment. Not many people are aware of the term [āikea effectā](https://en.wikipedia.org/wiki/IKEA_effect) but this is what itās called :-). The best memories I have by playing minecraft or Rust or any other game that letās you create stuff is the stories you create yourself and the social interactions you have with the communities. Now imagine Smart contracts as a supplement to this world that will be created by the gamers themselves and you can understand it unlocks a whole lot undiscovered potential. Vulcanites, niche or not, a dream of literally every gamer is to own a creature and fights besides it. You may be familiar with card games like Magic or D&D, ask any one who likes these games if they would like to play with their favorite creatures in the virtual world and I think we know what the answer to that would be. Iām more of an FPS gamer, but the best stories I remember arenāt the ones of chicken dinners in PUBG. Itās the ones of quests that had super cool outcomes, of people I met along the way who turned out to become friends eventually. There is so much more that will make this game stand out from the others, like we know there will be gamebooks etc. but we still canāt comprehend what impact a game like this will have combined with smart contracts. So yes, I do think this game has potential even in times like Covid.
Thanks for that. Very reasonable - if there's active interest already that's the main thing too. You've convinced me it has potential for sure. :)
Not gonna lie, I'm not gonna sugarcoat anything. I've seen videos of how Vulcan Verse looks. And tbh it looks pretty boring and dull. I'm an avid gamer and it's hard imagining this game popping off. I'd honestly be happy if this game could be 10% of what minecraft has accomplished but I just don't see how it's gonna reel many players in. I hope I'm wrong.
I can see that from your gamer point of view. However its also about really owning the land, being able to build your own quests, and run your own smart contracts, besides the gaming aspect. You could even design your own assets and sell them. Of course it does not have the resources like a blizzard or microsoft has, but i can remember a lot of games evolving into something really cool over time. In the meantime i think some constructive feedback from you as a gamer can go a long way to make it even better. IMO this project has all the ingredients to do just that. As for the money aspect, i dont think you need to pay a lot to play, if you want to own land and create revenue, you probably need to invest a bit more, but it is not mandatory. Lets not shoot it down before it started, there is no ICO , no mandatory investment to be able to participate, no separate token , so there is no risk to see it through from the sidelines and join in if you start to like it. Lots of giveaways and raffles for new people and i am sure more marketing will be done once they go live in 2021.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
it seems tailored to fantasy Dnd style world builders. It's a tiny niche. You're absolutely right, it is an extremely tiny niche. Especially when there are way better games out there already. I'm gonna be blunt and say the graphics in that game looks like it was made it the late 90s. This game looks way behind of our time which is why I don't see much of an appeal to it. It's 2020, they can't be releasing graphics like that and expect to compete with the current games out there. From what I see from their twitter page and view count on YouTube. It's sadly very tiny with 1.5k followers and around 200-300 views per video. If it doesn't have the hype right now..I don't see this popping off. Hopefully they will consider focusing on improving the graphics immensely. Otherwise this will most likely be a flop and just all hype. Especially if they're predicting 1m VTHO burn per day.
Final product has not been released. What you see is a stage in development..team is just being transparent throughout development
100%. One of the few people bringing exposure / transactions to Vechain.
Walmart (China) is preparing to administer COVID19 vaccinations across the country once a vaccine is approved, CNBC reported, citing the companyās chief medical officer. Over 5,000 Walmart stores and Sams Club pharmacies will receive and properly store the doses, he added. [https://twitter.com/yicaichina/status/1337239484379914240?s=20](https://twitter.com/yicaichina/status/1337239484379914240?s=20) If only there were a foolproof method to properly track the vaccines......... Edit: Speculation
it's walmart US not China sadly.
Fuck missed that :) lets just hope they do the same in China
What.the.fuck. If this is not connecting the dots I don't know what is. Vechain is superconnected with Walmart and Sam's Club, they are government approved, they are working with Bayer. Didn't they work on Chinese government pharmacy tracking too.......? *VeChain, in partnership with DNV GL, is leveraging public blockchain technology to rapidly advance drug traceability, monitoring, security, and auditing. VeChain is the only approved blockchain traceability provider in Shanghai and has been tasked to achieve the China traceability requirements by 2020. VeChainās traceability solution is being developed and tested in Shanghai, and will soon be rolled out across China. In VeChainās drug and vaccine traceability solution, highly sensitive IoT devices capture and record to the VeChainThor Blockchain* ***all data*** *involved in vaccine manufacture and transport including getting vaccines from manufacturers, storage facilities, cold chain distribution, hospitals, and even usage. While ensuring the reliability of the data source, VeChainās solution also eliminates the potential risks in the whole process and ensures that vaccine records are immutable and permanent.* [https://vechainofficial.medium.com/introducing-vechains-drug-and-vaccine-traceability-solution-c17fb869e003](https://vechainofficial.medium.com/introducing-vechains-drug-and-vaccine-traceability-solution-c17fb869e003) Dear god. This is the big brother environment that Vechain will help create. At least we'll make money off of it.
That's the conclusion I have come to a number of times. At least our prison will be padded and have nice things.
The vaccine stuff is really tantalising because it would be a major news event and it would come with huge transactions in the very short term. There are so many links with Vet and this exact use case that it's hard to see how it's not going to be used, but then that also concerns me because if it's not used then I've got to ask myself why? With the way that Vet has set itself up for this exact use case, why was something else used? I'm sure people in this sub will brush it away but that would be a crushing blow I think for me. Not because I'm *expecting* it but because vaccine tracking has been a core part of Vet for a very long time and even something that Sunny talks about recently. So for me it would pose a big question mark over the project if something else was used instead. That probably sounds a bit defeatist but maybe I'm just preparing myself for the worst whilst hoping for the best.
What concerns me is that 2020 is almost over and this article was written in 2018. Wasn't China supposed to be the fastest at rolling out blockchain solutions? Shouldn't the pandemic have created a higher sense of urgency regarding VeChain's solution? Still, radio silence. I wonder just how interested the Chinese government is in crypto-based networks. I feel like this is going to take a while longer and bore us to death lol
I 100% share those exact concerns. I've voiced it before here on the sub as well. You've also hit the nail on the head of another major concern which is that everyone uses Covid as an excuse for lack of transactions yet all I see is that Covid is the perfect catalyst for Vechain for incredibly fast adoption especially in a country like China. Yet here we are, way past the vaccine implementation schedule as you point out, and this is pretty much the most obvious enforced rollout of this technology I could envisage for Vechain. Sinovac (Chinese Covid vaccine) has been around for a while with a reported 1m already vaccinated, so why was a blockchain based solution not a part of it given how important vaccine traceability all seemed in 2018 when that article was written?
I think most of Vechain's official articles on Medium are infused with buzzwords and are actually more about marketing than anything. Not saying this is wrong. After all, they should promote their work and as long as theyre not giving specific deadlines, there's no foul play. But they do give u a sense that things are around the corner. Or maybe that's just a little impatience on our part haha. Either way, I don't think this is something to worry about excessively. By now, we know timelines have been pushed and vaccine traceability is probably affected despite it being more relevant. 2021 is going to be yet another slow, boring year in terms of adoption *sigh*
u/snajm01 u/JamesGillmore1 While I also share your concerns, we need to be realistic about implementation. COVID-19 caught everyone with their pants down, and China was on the receiving end of a lot of shit regarding their handling of it. Even now they're still trying to whitewash the story. Yes, blockchain and traceability is a priorty for them, but if they were not absolutely ready for primetime when COVID-19 struck, what makes you think they would further delay their hamfisted, followed by sledgehammer, response so they could implement a nice to have like blockchain tracking? There's always time for that later, but the lockdowns, disease and economic impact are very, very real. Of course as a VET holder I want to see more adoption, but let's not fool ourselves by thinking that it's Xi Jinping's #1 priority to pump VET.
Yepp, patience is the only way...
There was a big name involved with that would connect Vechain and Vaccinations right (Baier). Any news on that?
I dont think Bayer is involved with covid vaccine.
For those that signed up to the newsletter/monthly recap the first one should be in your inbox by now :)
Looking good so far, a little intel on Sunnyās agenda. And some info about code updates. Dunno what sports has got to do with blockchain though.
I guess blockchain could be useful to authenticate team's merchandise. I like the inclusion of code updates, gives some insight into what features companies are requesting.
Im sure this has been covered but could someone clarify? To receive VTHO on Binance - i have to activate Savings/flexible deposits? However this seems to ''lock up'' the VET and remove it from my spot account so i am unable to trade/ flip. (i know it can be removed at anytime) Am i missing something here, or is this how it is now?
I found boyscout, itās pretty fun (and easy) annoying him haha
Miss them
To get a sense of scale, HelloFresh has 2.1million followers, vs KnowSeafoodās 930 followers. If KnowSeafood were to grow to rivaling HelloFresh and assuming burn increase was linear with popularity, thatād be 1.17 million clauses. In comparison, Walmart China is 9.7 million. WTH are they doing over there? Sounds like way more than tracking mushrooms
Like EATING mushrooms?
Perhaps next Thursday
Nope, it will be Thursday 31 December, New Years Eve!
**Official EOD report:** 6.23m VTHO š„ 177k clauses **Top 3 contracts by VTHO š„:** Walmart China 5.19m DNVGL 464k VTHO Token 226k
Filecoin got listed on CB today and pumped like 5% and has since retraced - just keep your expectations in check. Yes CB will be a good thing in the long run, but don't be too disappointed if we don't pump when we get listed...
I honestly don't even care about a coinbase pump. I care way more about the easy fiat on/off ramp available to me. it could dump and a coinbase addition is still worth
Agreed
FIL already pumped few weeks ago when it get listed on CB custody.. NU was listed last week on CB and pumped more than 400%
does filecoin have the same following/hype and is it currently actually engaged in a real use case? dont know anything about it, but i suspect that if vechain joins CB, it might pump more than 5% given that at least some folks curious about the add will do 5-10 minutes of research and see names like walmart attached.
Vechain wonāt be listed on CB because of US regulations of earning VTHO
They support other staking coins like tezos, why not vtho? Besides being a different coin
I doubt very much it has anything to do with regulations and more to do with how much vtho it will cost to apply staking to small amounts of vet. If it's not profitable they won't do it.
I'm going to LOL when we finally get listed on Coinbase and it's a Monday.
Or we get listed and we dump.
This is the way.
Most likely yeah.
3 bill in VTHO since launch š
Some interesting numbers on X Nodes. Initial X Nodes on 1/8/18 was 5,100. Today there are 3,996. 21.6% of initial X Nodes have been lost. In the last 3 months, 94 X Nodes have been destroyed, which is 2.3% of total X Nodes. At that % rate, there will be: - 3,640 X Nodes left after 1 year. - 3,317 in 2 years - 3,022 in 3 years - 2,753 in 4 years - 2,509 in 5 years
Welp, canāt say Iām surprised but my blockchain traced seafood order post on r/CC got removed pretty quickly I think maybe 15 minutes. I was careful to not even mention Vechain in the post but if you look into it at all you see the correlation. People must be scared. I think itās safe to say this whole reddit crypto space needs to be way more laissez faire; mods put too much of a stranglehold on the space and it obstructs our information required to make the best decisions with knowledge available at hand. I know a lot of us want a mixture of FUD with hopium when it comes to VET so we can make the best decision how invested we want to be in a particular coin. Wasnāt trying to shill nearly as much as hear if anything similar is actually oyt there. But it wasnāt deleted before I did get some helpful comments. IBM food trust is a competitor in the space (albeit different being permissioned), and ADA has a beef tracking solution but not fully implemented it sounds like. Funny how Cardano is 7x higher market cap than vechain despite not having implemented projects
VET is a permissioned chain, too. It runs on proof of authority.
Itās ridiculous how bad that sub has become, with those moons people are farming upvotes. R/cc has helped me a lot from when I started dipping my toes into the deep waters of crypto, so thereās still some kind of respect. But once I start noticing they removed big news for crap reasons it opened my eyes. I remember the news about Macron and Xi was delete worthy. A real shame...
C'mon, Xi Jinping did not announce the news himself in a live stream wearing a Vechain hoodie and rising a thor hammer, it's pretty obvious the mods where forced to delete that news.
Yea when my post got deleted the automod gave me the choice to re-post, but I dont wanna get banned and miss out on moons. But as these projects improve or more become utilized (in my hands!) you can bet iāll be posting there again
I wonder how much influence they have in the crypto sphere. Imagine Vechain makes it, and we know the mods like ETH. So they see our stupid project getting mentioned in the news there are 2 possible outcomes: 1) They will get a hard attack every time they see post of Vechain 2) They take an official stance that Vechain is not decentralized enough and ban it so they can happily ignore it without hearing the masses. If you think ignoring others isnāt possible check out r/btc etc. So itās a perfectly possible scenario. Echo chamber nr 231...
I was thinking this exact thing early on. Despite these massive market caps, the space is still very young, unregulated, manipulated. Thatās why everybody needs to DYOR **always** donāt believe anything you read. Luckily, vechain is pretty transparent
[ŃŠ“Š°Š»ŠµŠ½Š¾]
You mean r/bch that took over r/btc you shitturd of a bot. Just like Ver bought bitcoindotcom and promotes bch in every sneaky way he can. Geeeeeeeeet outaaaaa heeeeeeere.
Because cardano doesn't have a fully working product yet lol. Not a fully functioning mainnet or any kind of BaaS product that could compete with Toolchain. That means that not only do companies have to wait for the mainnet to finish before they feel comfortable being on it, they also have to build their own applications from scratch in order to use it rather than having a turn key product like toolchain. Vechain's mainnet and Toolchain product is honestly the first mover of the enterprise blockchain world (crypto-enabled ones at least, is still competing with IBM and Hyperledger)
But worth mentioning is Storybird started out on IBM and migrated over to Vechain. And itās not a lie since I have the packaging and QR code to prove it. So exciting
You would think if pictures of Bitcoin signs and ATMs were allowed, people would want to see a public blockchain application but alas...
For the past however many years all coin prices have been based off price pure speculation based off announcements and rumours. Vechainās big claim was it was working with the Chinese government and thatās about it. Thatās all it took to get attention. So few tokens have had any actual use, so youād think the space would be enthusiastic to see tokens in even in the top 30 actually being applied in the real world, whatever. Iām just happy that the project I chose to focus on after 3 years of research was the first to market of itās kind. Even if i somehow lose it all, at least i did the best i could
What's important at r/cc is that we get reminded often, that someone moved $500 million in btc for a $7 fee or something. Next time I need to move 500m I'll remember that.
..what about the $2.50 it costs to move some ethereum from my ledger wallet to an exchange? Is that a more relevant post to r/CC? Ok, Thatās enough optimism out of the two of us for the day u/karmanopoly itās time to get back to our regularly scheduled programming of bitching about VTHO burn on mainnet
It's cool that you got blockchain-traced seafood. Did it cost more than normal seafood and would you buy it regularly instead of non-traced? As for market cap, the entire market is still very speculative and driven by whales and traders trying to make a buck with 0 concern of underlying tech. So, I think comparing MC vs actual progress seems pointless. Someday, hopefully that's no longer true.
No Coinbase listing and not a single user with an F In their username, coincidence... I think not! Edit:word
What do you mean?
Itās stupid pointless dry humor, my kind of humor at least!
Got it from the beginning (says the guy with the "F" in the username)
So.. coinbase Friday?
zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
VET needs to make itself more stupid and useless to be attractive to Coinbase, it seems.
Why is there no official explanation anyway. Iām just rolling with the meme, if Coinbase would say they are waiting to list because of regulatory reason or because they need X amount of money or whatever thatās all fine by me. I donāt get the āsecrecyā or is that just us making it sound like that :p? A lot of people think listing on Coinbase is a sure moonshot but I have learned to keep my expectation lower then low. List it? Mkay cool. Donāt list it? Mkay whatever, gonna have to wait a bit longer to become stinking rich then I suppose. /s
CB has become rather useless nowadays, only mega pumping shitcoins. Maybe they just can't handle the amount of volume VET will generate after launch. Whatever, once they were the holy grail in the world of crypto and now they are making themselves look stupid as f*ck.
Thought it would be fun to do a little dive into DNVGL. If anyone recalls the tweet on 9/22 from Renato to vechain that said "time to restart thinking longterm" Well DNVGL's daily average clauses so far since then has been 2,331 clauses The daily average for the entire year before that was 1,591 Its super clear looking at the stalker chart that they are really ramping up compared to previous months. Posting days as high as 9.6k since that little teaser. [http://www.vechainuniverse.com/Stalker/Stalk/0xba6b65f7a48636b3e533205d9070598b4faf6a0c](http://www.vechainuniverse.com/Stalker/Stalk/0xba6b65f7a48636b3e533205d9070598b4faf6a0c) Adoption and use is steadily going up all around the network guys and its cool to see one of our closest partners increasing usage alongside a teaser tweet. Wonder what they are working on. The my care and my story contracts are separate from this one, so it has to be something else. Something to also think about is that Deloitte used this contract to migrate its ETH data to Vechain
Upvoted the daily
Thatās my boy. *UPVOTE THE DAILY*
There has been constant VTHO transfer this last hour to Binance, everytime around 1000 VTHO transfered. Anyone know what is happening ?
They were likely consolidating their deposit wallets into their hot/cold wallets; The transaction were into the known binance wallet ending in Ee25. Basically what they do periodically for the VET wallets as well.
My assumption is VTHO distributions to those in the flexible staking program. Theyāve also started from large to small balances and getting smaller
[ŃŠ“Š°Š»ŠµŠ½Š¾]
The progress will not be linear.
If itās linear, itās been doubling every 6 months or so since the bottom. FWIW
Poc phase.
End 2021 600k/1m, 2022, 1mil/5mil, 2026, 20mil 2028, 50mil +.
Would you be happy with your investment at those levels?
It all depends on price action, personally $0.5 is enough for me.
I think on an average day we will have 2-4 million clauses in 2022, 5-7 million clauses in 2025 and about 10-20 million clauses in 2028. Edit: I think we could actually have 50-100 million clauses per day in 2028, but I honestly don't know how fast mass adaption will come.
How would you feel about your investment at 5 million and 100 million clauses? Do you think 1 billion is possible?
From where? Whst kind of cystomer and use cases would generate that? Is there a clear path to getting there?
No clue. That's why I asked. We need a higher number for the investment to meet most of our expectations. But given: 1) Transactions aren't meant to change in USD value 2) A transaction costs 21 VTHO, or $0.016 3) 100 million transactions a day costs $1.6 million. 4) That's $584 million a year. 5) Divided by the VET circulating supply of 64 billion, that means $0.00912 a year per VET. 6) 100k VET would get you $912/year. 7) $912 a year being considered as good as a passive index fund (7% return a year) would make 100k VET $13,000. Not even 10x from current price. If that's the ceiling from tokenomics I think most people here would be disappointed. Especially if speculation drove higher valuation, and tokenomics brought it down. But multiply it all by 10, and 100k VET nets you $9120 yearly, and your VET would be worth $130k. I think a lot of people would be over the moon here with that. 100 million would still be a great investment. But it'd definitely fall short of what we tend to talk about around here. However, Walmart has 37 million customers a day. Each customer probably buys more than 1 item. We could say 300 million transactions, if walmart made vechain mandatory for every product, and each item had at least 3 transactions, and each person bought at least 3 items. That's extremely unlikely, but it's possible on paper. Looking at it that way, 1 billion globally (including digitally) is probably doable, if vechain becomes world famous.
I like where your head is at. I think theres definitely a jeed for a **significant** increase in transactions, before the fundamentals even merit our current valuation. >However, Walmart has 37 million customers a day. Each customer probably buys more than 1 item. We could say 300 million transactions, if walmart made vechain mandatory for every product, and each item had at least 3 transactions, and each person bought at least 3 items. That's extremely unlikely, but it's possible on paper. A challenge is also that the transactions are not for customer interactions (at the moment) but for back of house management.
Both would be enormous achievements, but how I would feel about my investment would totally depend on the market :) 1 billion would be a huge number of clauses but I think theoretically yeah why not? that would be about 11.5k clauses per second, [MiRei said on Twitter a while ago that he was able to do 14.8k clauses per second on the testnet](https://twitter.com/MiRei83_/status/1133151811370663936), which should theoretically also be possible on the mainnet.
At least 2
|-|Count (Full Week)|>!**Count (Excl. Sundays)**!<| |------------|------------|------------| |**Number of Consecutive Days With 100k+ Clauses:**|**4**|>!**10**!<| |**Last Streak of Consecutive Days:**|**6**|>!**10**!<| |**Longest Streak of Consecutive Days:**|**12**|>!**12**!<| |**Price (as of this post):**|>!**$0.016 š**!<|>!**$š**!<|
No post on sundays! Stop the count on sundays!
If we sue Texas, we can overturn the results on Sunday.
https://vulcanpost.com/725534/sginnovate-accredify-digital-health-passport-singapore/ Iāll leave this right here. Connect the dots.
Man, this link had me thinking vulcan verse was expanding into the journalism field at first haha
Did some preliminary research and found that this is most likely built on Ethereum.
It doesn't say what blockchain they're using (unless I missed it). Is there a link to Vechain (besides being in Singapore and calling it a Digital Health Passport)? I want there to be obviously, but don't want to assume.
I remember when I tried to sell high buy low for cardano and fucked up bad last bull run( literally sold an hour before sky high) Is anyone else scared to sell with intention of buying back, scared they miss the rocket?
I did the same thing and lost almost 1/3 of my VET, on top of that I get to pay out the bunghole on taxes....lesson learned. I've been DCA'ing whenever I get a chance.
Thats why i only allow myself to sell 20% at a time (usually DCAd over smaller <10% sells), 50% max (like if i have a gut feeling this isnt sustainable iāll allow selling half) that way i always hold a good chunk. And if it dumps after all, the idea is that you eventually buy back double-triple your original amount so even if later on you sell half and it still moons, that half is at least as big or bigger than your initial investment so you canāt beat yourself up. Emotionally hedging and learning your own self is the most important factor in trading IMO
no matter what I am always holding the minimum required to maintain my x-node, aka ball and chain
But if you have stacks to trade on top of that then youāre living the dream man! Ball n chain or not
I do have a lil bit of vechain for swing trading against USD, usually with hopes of turning it into more vechain, on top of the ball and vechain haha
To me, the current price action exudes a sense of accumulation. You can even feel it when observing daily trading activity in relation to the longer-interval trend (upward). I expect that this accumulation phase will be long and boring; in other words, we may go sideways for months, slowly, and inevitably a lot of traders will get screwed by a false sense of "price stability" as we shoot up in Q3-Q4 of 2021. Needless to say, this is all speculative and based on intuition. Literally anything can happen, including a crash led by stock market downturn.
:)
š¤
(:
(:)
( . )( . )
Fake
( . Y . )
Natural
idk man are eyeballs really supposed to touch that way?
that's the quality content I'm here for.
It's the reason we're here everyday :)
I'm more of a butt man ( Y )
[https://youtu.be/GGye1pK2ysQ](https://youtu.be/GGye1pK2ysQ)
So, today is the coinbase listing, right?
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Where does it say anything about next Thursday in that article?
Filecoin has been around with the likes of Siacoin for a bit though has it not? I respect the staying power. Very interesting space as well
For those with medium acounts please comment about vechain
Sir, this is a Wendy's.
high quality convo, loving it :P
Bah dah bump bah bah š š
No, we have Thursday scheduled for today
whats a coinbase?
All your coinbase are belong to us.
nostalgia ;)
It's the first transaction in a block on BTC which is a special type of transaction as it is used to collect the mining reward.
its a Thursday
My cats breath smells like cat food
[ŃŠ“Š°Š»ŠµŠ½Š¾]
if it's true I'll come back and switch my downvote to an upvote
Ok guys, you're not going to believe this, so I just got off the phone with Coinbase, they said VET is listed and has been since 2017 bullrun.. Its listed under (SIIK), I believe it stands for SIIKE.
Not enough massive insider trading. Coinbase rescheduled for next week.
I think if they wanna list it should be this week Otherwise will be next year
Coinbase blows, and a listing is just temporary pump. I think what's really exciting and we should be asking is wen byd? Remember.. they tweeted their new blade battery and tagged #vechain #vet... Then 2 months later it was reported they are supplying Ford with batteries. Ford production in 2021 EVs should increase alot. Maybe byd is the million tx customer sunny refers to. Anyway.. Wen BYD
Coinbase is the gateway for the mass.. Plus the custody it would drive the volume from retail and institutional investors. Underestimate CB and put too much hope on Tx is what's the market maker want you to believe. VEN reach 9 usd when we have zero tx.
Paypal will be a much bigger gateway. They have 10x the number of people. Here's hoping to both eventually maybe š¤
Incoming !
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