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Vechain (VEN) Thread
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SamuelBRoberts Online
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Post: #176
RE: Vechain (VEN) Thread
(04-13-2018 01:10 AM)Giacomo Casanova Wrote:  Sunny got asked about Coca Cola kid: I don’t know who the guy is, and I really don’t understand the tweets

Dunno about the rest of it but I don't believe this for a second.

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04-13-2018 01:14 AM
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Cam Newton Offline
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Post: #177
RE: Vechain (VEN) Thread
(04-12-2018 05:38 PM)Genghis Khan Wrote:  
(04-11-2018 03:00 PM)Cam Newton Wrote:  “Metcalfe’s Law states that the value of a network is the square of the number of users.“
- Sunny Lu, VeChain CEO

This is exactly why VeChain will be a top 10 crypto. Once we have dozens, and maybe hundreds, of companies using the VeChain blockchain, the crypto world will look much different.

Only for small numbers. You get large enough and it becomes n*log(n), not n^2. Also to nitpick slightly further, the value of a network is proportional to square of numbers of users, not exactly equal to the square of numbers of users, ie. you get

Value = A*n^2 for small number of users
Value = B*n*log(n) for large number of users

A, and B depend on actual empirical data.

If you're really curious, here's a bit of a longer read:

https://spectrum.ieee.org/computing/netw...w-is-wrong

Regardless, VEN does have a lot of potential.

In terms of top 10 coins, they tend to be platform coins, not specific application coins though. I guess it could change in the future.

Makes sense to me. The thing is we don’t know when the inflection point going from one relationship to the next will be. I don’t think it will be for a while. Maybe it’s possible that VeChain will use the exponential relationship to have a near- monopoly on industrial use cases by the time we get to that logarithmic relationship.

At least I can dream Smile
04-13-2018 01:22 AM
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Giacomo Casanova Offline
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Post: #178
RE: Vechain (VEN) Thread
https://medium.com/@vechainofficial/intr...944a0b6703

I am simply speechless. Previously I was really surprised about the good partnerships, but now I am getting used to the technology of the blockchain and VeChain has really some game changers in this sense too. Looking forward for the mainnet in Juve, we are likely to see a good run of the price too!
(This post was last modified: 04-29-2018 12:22 PM by Giacomo Casanova.)
04-29-2018 12:17 PM
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bgbusiness Away
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Post: #179
RE: Vechain (VEN) Thread
No offense, but Metcalfe's Law aka Network effect is not "everything".
Just because a company or a business has a network effect, it doesn't mean it will be successful.
Tbh, all cryptocurrencies have network effect. The more users/customers, the more valuable it becomes.
Does this mean all 1k+ cryptocurrency projects are going to be successful?
Not really...

Look at Myspace, it got taken over by FB. What companies also need a huge switching cost so that people don't jump to another competitor's product or service. They also need a huge exposure like Amazon that is spread out through out millions of users. Even than it's a still pretty weak business model compared to industries like real estate where you know for sure they are not going away anytime soon.

All these switching cost, network effect and value created through tangible assets are usually very "fluffy" and have the potential to be crushed faster than other necessities in life such as food, water, and shelter (real estate) businesses.

"Chase a check, never chase a bitch."
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"Don't let yourself get attached to anything you are not willing to walk out on in 30 seconds flat if you feel the heat around the corner."
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"That's the difference between you and me. You wanna lose small, I wanna win big."
(This post was last modified: 04-29-2018 12:59 PM by bgbusiness.)
04-29-2018 12:57 PM
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Matt3B Offline
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Post: #180
RE: Vechain (VEN) Thread
Vechain looking good. Just passed 0.00054 as I type this.

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05-02-2018 09:57 AM
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Giacomo Casanova Offline
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Post: #181
RE: Vechain (VEN) Thread
(05-02-2018 09:57 AM)Matt3B Wrote:  Vechain looking good. Just passed 0.00054 as I type this.

Mainnet is coming: early June public beta testing, end June mainnet going live.
Trying to focus my effort for learning solidity to be ready to write smart contracts and create dapps on the VeChain platform.
05-02-2018 10:57 AM
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Matt3B Offline
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Post: #182
RE: Vechain (VEN) Thread
I've no idea what to expect after this main net launch. Will it be priced in before, or will we see VEN become VET and the price soar after?

Looking back at NEO, the latter was true after Antshares.

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05-02-2018 11:35 AM
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Malone Offline
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Post: #183
RE: Vechain (VEN) Thread
I expect there'll be the initial sell the news dump, and then it'll start going up again.

It's quite possible, maybe likely, that the price will break through the previous ATH before mainnet launch
05-02-2018 12:04 PM
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Giacomo Casanova Offline
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Post: #184
RE: Vechain (VEN) Thread
https://www.pwchk.com/en/press-room/pres...40518.html

All official. pwc china/hong kong and pwc singapore investing in VeChain and promoting the blockchain technology with the use of VEN tokens.
Another confirmation to be on the right boat...it is complicated not being excited about VEN.
05-04-2018 05:55 AM
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Sidney Crosby Offline
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Post: #185
RE: Vechain (VEN) Thread
^ Definitely going to buy more.
05-04-2018 10:32 PM
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Giacomo Casanova Offline
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Post: #186
RE: Vechain (VEN) Thread


05-10-2018 02:57 AM
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Matt3B Offline
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Post: #187
RE: Vechain (VEN) Thread
Bytecoin is nowhere near comparable to Vechain. Bytecoin pumped because of the low volume and it got added to Binance. Look at it since.

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05-16-2018 06:10 AM
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Malone Offline
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Post: #188
RE: Vechain (VEN) Thread
Don't feed the drive by spammers. Smile
05-16-2018 07:07 AM
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Giacomo Casanova Offline
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Post: #189
RE: Vechain (VEN) Thread
VeChain Signs a Partnership with Bright Foods and its IT/Tech subsidiary Shanghai Xiandao Food to integrate blockchain technology into Bright Foods (Group) Co.'s internal management systems

https://medium.com/@vechainofficial/vech...a38b331d41

It sounds like this is the partnership connected with milk, hinted by Coca-Coca kid.
I think that the market is underestimating the value of this partnership.
Second food manufacturer/distributor of China in terms of revenue. Cannot imagine how many new transactions on the VeThor blockchain coming thanks to this partnership. As yesterday Sunny Lu mentioned the utility will walk together with the price of the token.
Hopefully DNV-GL will help to expand the customers network as well in Europe and USA.
(This post was last modified: 05-16-2018 11:08 AM by Giacomo Casanova.)
05-16-2018 11:07 AM
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