You're trying to tell me actual numbers and market value is nothing of substsance, good god
Then you present another smoke and mirrors story while the price keeps on dropping
Gullible or what
Not in this market, it’s 100% speculation. There’s nothing to judge any of their worth outside of BTC. I’m not looking at current price, I could care less at the moment. I look at the fundamentals of what they’re doing and take a risk, just like 100% of the people investing are. Nothing is for sure in this game, nothing.
But hey, I’ll give you some VeChain critique outside of just looking at price (which isn’t a great indicator at the moment).
PoA: VeChain is using Proof of Authority as their consensus model. Basically it’s 101 nodes that verify the blocks. It allows for fast transaction speeds on the network in exchange for complete decentralization. Each Authority Node is required to hold $250k VET and they must pass an extensive KYC process to be selected. In order for the chain to be overran 51 nodes must collude. What I don’t like about this model is that if they keep the Authority nodes anonymous it could leave the door open for some nasty behavior. We know PWC & DNVGL are node holders, but who are the other 99? Will VeChain release that information to the public? I hope they do.
Supply Chain Tracking: I’m a Sr. Analyst at a major Aerospace & Defense firm. We’re just starting our Blockchain pilot program. We’re using a well known company who is developing an in-house chain. They’re big, have the money, the partners and expertise to do this. VeChain is a startup that’s only been operating since 2015. There’s a lot of competition in the Supply Chain market because it’s one of Blockchains best use cases. Still, they’re running a private chain and that could be fine for aerospace parts, but that won’t work for consumer goods.
There’s two reasons outside of just the price that have my skeptical antennas up. If you knew anything about the industry, you would have brought that up.
I’ll take PWC and DNVGLs lead on this. They may have a bigger Risk Managment team and expertise that Davem10 on Sherdog.