Tuesday, 23 May 2017

A Analysis

Thursday, 27 April 2017 15:19

Veritaseum Crowdsale Bounty Program

Veritaseum Crowdsale Bounty Program

Veritaseum was built by leveraging disruption, distributive network effects and the power of the crowd. In continuing with this mantra, we’re sponsoring a bounty program for any and all Veritaseum supporters to earn VERI, the token that drives Veritaseum’s products and services.

Reward Structure:

Up to fifty thousand (50,000) Veritas (VERI)  will be rewarded for participating in the following Bounty categories:

  • Bitcointalk Signatures and Avatar: 20%

  • Translation: 15%

  • Blog Posts: 20%

  • Twitter: 20%

  • Facebook: TBD

  • Reddit: TBD

  • Telegram: TBD

To earn VERI, simply accumulate points by the end of the VERI crowdsale (May 26, 2017). At the end of the crowdsale, points for each category will be added up and used to calculate the number of VERI you will receive. The number of VERI you will receive for a particular bounty category is proportional to the number of points you’ve earned in that category.

For example, if:

  • You have 1 point in the Bitcointalk signature/avatar program

  • There are a total of 200 people in the Bitcointalk signature/avatar program who have each earned 1 point

  • At the end of the crowdsale, there are 4,000 VERI allocated to Newsletter Subscription

Then you will earn 4,000 * 1 / 200 = 20 VERI, currently about $380 USD.

Bounty categories, tasks, and rewards

Note: Percentages below are based on a maximum of up to 50,000 initial VERI supply reserved from crowdsale

  1. Bitcointalk Signatures and Avatar

One of the largest pools of VERI rewards, this requires you to add our official signatures and avatar to your Bitcointalk profile to earn VERI.

Rewards and instructions:

a) Register here to participate

b) Add the avatar and the signature based on your rank to your profile.

ORG_DSC09060-1-picsay.JPG

Veritas token logo 200px.png

ve_logo4.png

Website: https://veritaseum.com

c) Participant needs to post more than 10 quality posts per week including at least 1 message on the Veritaseum crowdsale ANN Thread to qualify for the weekly points below. Spam or low quality posts that are removed by administrators will not count.

  • Jr. Member: 10 points / week

  • Member: 20 points / week

  • Full Member: 25 points / week

  • Sr. Member: 35 points / week

  • Hero/Legendary Member: 50 points / week

  • Avatar: 10 points / week

d) Spammers will be banned from the entire bounty program and will not receive any VERI

2. Translation

Help spread the word about Veritaseum to your community. Earn VERI by translating our Tear Sheet, Pathogenic Finance Report and Bitcointalk OP to another language and moderating the thread conversation.

Rewards and instructions:

a) Register here to reserve your translation

b) Bitcointalk Thread: 100 points

c) Moderation: 0.5 points per 5 posts in your thread

d) Pathogenic Finance report: 2000 points

e) Tear Sheet: 150 point

f) Genuine translation only

g) We count moderation posts for translated Bitcointalk Veritaseum Announcement Thread only

3. Blog posts

Write blog posts about Veritaseum to earn VERI. Topics can include, but not limited to, the crowdsale as well as current and future applications of Veritaseum. Research, analytical, and technical implementations and applications are of particular use. We will be releasing proprietary research that you can base your content off of.

Rewards and instructions:

a) Register here to participate

b) Blogs must be on the internet and publicly accessible

c) Each blog post must have at least 300 words

d) Each blog post must contain at least 2 links to https://Veritaseum.com

e) Blog posts must have unique content (translations do not count)

f) Blog posts can be in any language

g) Points will be awarded based on the quality of the blog post:

  • Low: 0 point

  • Average: 10 points

  • Good: 20 points

  • Great: 50 points

4. Twitter

We will frequently tweet updates and announcements from @VeritaseumInc and @reggiemiddleton. Make sure to follow us on Twitter and retweet to earn more VERI.

Rewards and instructions:

a) Register here to participate

b) Follow @VeritaseumInc: 5 points per week

c) In a week you need to make at least 1 tweets mentioning @VeritaseumInc and retweet at least 9 tweets from our Twitter account @VeritaseumInc to qualify for weekly points:

  • Under 300 followers: 10 points / week

  • 301–1000 followers: 20 points / week

  • 1,001 or more followers: 50 points / week

d) Twitter account followers will be based on an audit from twitteraudit.com

Facebook personal account and fan page holders must demonstrate via Facebook Graph Search their engagement with their posts and related comments

See also:

veritas logo3

Very Important Note: By continuing past this point and purchasing Veritas tokens, you are hereby acknowledging that you have read, understood and accepted both the Veritas Product Purchase Agreementand theTerms & Conditions of the Veritaseum 2017 Veritas Sale..

_______________________________________________________________________________________________________________

  • Veritaseum Token Tutorial

Veritaseum is moving it's P2P Capital Markets platform to Ethereum. In order to use anything on the Ethereum network a person needs to have an Ethereum account.  The easiest way to do this, is with MyEtherWallet

  • Generate an Ethereum Account

  • Step 1

Click on Generate Wallet and enter a good password. You will always be able to regenerate the same account from the same password.

Click download and save the json file BUT keep this file safe and private. Any person who gets their hands on this file can now access your account, so store it safely.

Open the file and look at ciphertext. This value is your private key. This private key is the part that MUST be kept secret.

Copy this ciphertext/private key into memory and go to the View Wallet Info tab at the top of the page.

Select the Private Key radio button and paste your private key into the box. Click Unlock.

Now you can access your Ethereum account! It is here that you will find your Ethereum address, view the balance that this account has in it, view any tokens that it has, and other interesting things also.

  • Get Ether

As you can see, new accounts do not hold any Ether and you will have to get some.

Click on the Swap tab at the top of the page to exchange your bitcoins for Ether. Alternatively you may use ShapeShift. Be aware that this method is more expensive than sourcing Eth of exchanging it through an established token exchange, ie. Poloniex or Coinbase.

Exchange for VERI Tokens

Once you have some Ether, you are ready to exchange those Ether for Veritaseum Tokens!  One VERI Token costs 0.03333333333 Ether, so for one Ether you get 30 VERI Tokens!

The ICO crowdfunding stage is from 2017 April 25th 9:30 EST (14:30 UTC) and lasts for 31 days. There is even a 20% discount for tokens purchased on day one (after the start), a 10% discount for tokens purchased on day two (after the start), and every consecutive day the discounted rate will reduce by 1% per day until the normal price is reached (day 12)!

The VeritaseumToken smart contract is an Ethereum ERC20 compliant token, which means that you can exchange VERI tokens on any Ethereum based exchange.

Very Important Note: By continuing past this point and purchasing Veritas tokens, you are hereby acknowledging that you have read, understood and accepted both the Veritas Product Purchase Agreementand the Terms & Conditions of the Veritaseum 2017 Veritas Sale..

The address of the VeritaseumToken is at: 0x8f3470a7388c05ee4e7af3d01d8c722b0ff52374

The source code of the VeritaseumToken can be found at: https://github.com/RFVenter/Veritaseum/blob/master/contracts/VeritaseumToken.sol

To purchase VERI tokens during the ICO phase you will have to use another smart contract which has been designed to sell tokens at the correct price during this time.

Very Important Note: By continuing past this point and purchasing Veritas tokens, you are hereby acknowledging that you have read, understood and accepted both the Veritas Product Purchase Agreementand the Terms & Conditions of the Veritaseum 2017 Veritas Sale..

The address of the TokenPurchase is at: 0x599a4b8188676224d4c9b393b947e332b60b15e3

The source code of the TokenPurchase can be found at:

https://github.com/RFVenter/Veritaseum/blob/master/contracts/TokenPurchase.sol

To purchase Veritas, go to the “Contracts” menu in MyEtherWallet as shown below.

Set the selections as shown below...

Click on the Interact with Contract tab at the top of the page. Enter Contract address 0x599a4b8188676224d4c9b393b947e332b60b15e3.

Copy and paste the TokenPurchase ABI code from the box below:

[{"constant":false,"inputs":[],"name":"purchaseTokens","outputs":[{"name":"","type":"uint256"}],"payable":true,"type":"function"},{"constant":true,"inputs":[],"name":"startTime","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"closeTime","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"owner","outputs":[{"name":"","type":"address"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"price","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"}]

If the site asks you again, then enter your private key again and Unlock.

Click WRITE

To exchange Ether for VERI tokens you simply have to send the amount of Ether you wish to convert to VERI tokens, to the TokenPurchase smart contract. The smart contract will automatically allocate your tokens to your Ethereum address.

Increase the Gas Limit to about 80,000 and Click Generate Transaction

Congratulations, you now have VERI tokens!

Next you will want to go to your Ethereum account and see your VERI tokens. Click on the View Wallet Info tab and enter your private key again, if the site asks you for it.

Click Add Custom Token and enter the address (0x8f3470a7388c05ee4e7af3d01d8c722b0ff52374) of VeritaseumToken into the Address box, VERI into the Token Symbol box, and 18 into the Decimals box and Save

You will now be able to see VERI tokens for any and each Ethereum account that you may have.

  • Use VeritaseumToken smart contract and Tokens

Once you have Veritaseum Tokens you can do several things with it. Since this is an ERC20 compliant token you can basically exchange VERI tokens on any Ethereum exchange, and there are several. You can exchange them for other tokens, or sell them back to Ether at a later stage.

To use them on MyEtherWallet, click on Send Ether & Tokens tab. Enter your private key and Unlock.

Now, enter the address (0x8f3470a7388c05ee4e7af3d01d8c722b0ff52374) of VeritaseumToken into the Contract Address box.

Copy and paste the VeritaseumToken ABI code from the box below.

click Access

[{"constant":true,"inputs":[],"name":"name","outputs":[{"name":"","type":"string"}],"payable":false,"type":"function"},{"constant":false,"inputs":[{"name":"_spender","type":"address"},{"name":"_value","type":"uint256"}],"name":"approve","outputs":[{"name":"success","type":"bool"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"totalSupply","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":false,"inputs":[{"name":"_from","type":"address"},{"name":"_to","type":"address"},{"name":"_value","type":"uint256"}],"name":"transferFrom","outputs":[{"name":"success","type":"bool"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"decimals","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[{"name":"_owner","type":"address"}],"name":"balanceOf","outputs":[{"name":"balance","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"owner","outputs":[{"name":"","type":"address"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"symbol","outputs":[{"name":"","type":"string"}],"payable":false,"type":"function"},{"constant":false,"inputs":[{"name":"_to","type":"address"},{"name":"_value","type":"uint256"}],"name":"transfer","outputs":[{"name":"success","type":"bool"}],"payable":false,"type":"function"},{"constant":true,"inputs":[{"name":"_owner","type":"address"},{"name":"_spender","type":"address"}],"name":"allowance","outputs":[{"name":"remaining","type":"uint256"}],"payable":false,"type":"function"},{"inputs":[],"payable":false,"type":"constructor"},{"anonymous":false,"inputs":[{"indexed":true,"name":"from","type":"address"},{"indexed":true,"name":"to","type":"address"},{"indexed":false,"name":"value","type":"uint256"}],"name":"Transfer","type":"event"},{"anonymous":false,"inputs":[{"indexed":true,"name":"owner","type":"address"},{"indexed":true,"name":"spender","type":"address"},{"indexed":false,"name":"value","type":"uint256"}],"name":"Approval","type":"event"}]

Now you can access all the public functions that this smart contract has. For more information about ERC20 compliant Tokens goto to ERC20

If you select price you can see that it has a lot of digits. Ethereum has high precision and uses 18 decimal standard precision.

The cost of this token is 0.033,333,333,333,333,333 Ether per one token. OR 1 Ether is 30 tokens.

The function shows you how many tokens your account has.

This function allows you to transfer your tokens to another Ethereum address, like your friends.

  • Conclusion

Using Veritaseum Tokens are fun and easy. If you need more information about Ethereum Tokens, just Google it.

The Veritas Tear Sheet & Summary is now available for download, which packs all the information about Veritas in a single page. A step by step guide to purchasing Veritas can be downloaded here.

Veritas Deal Sheet

We will see you on the 25th of April!

Press Release

ICODAO: Autonomous Robot That Obsolesces Bankers, Funds Managers & VCs

For Immediate Release - NY

Upfront:

  • Reincarnation of the DAO, done correctly

  • Autonomous robot selects ICOs and startups without a fund manager or VC

  • Use of “Zero Margin” model drives prices and compensation through the floor - Excellent for consumers, death knell for fund managers/VCs.

  • Powered by one of the most prescient strategists in the business

  • The future of finance, ICO slated for April 25th, 2107 at US market open

 

The man that called Bear Stearns, Lehman, the real estate and EU sovereign debt crashes as well as mobile tech booms is now mobilizing his films blockchain technology to go head-to-head with the captains of global industry - Wall Street. Unlike the vast majority of blockchain tech start-ups that strive to improve upon the business processes within the leaders of the finance , Reggie Middleton’s Veritaseum seeks to disintermediate said leaders in totality, thereby releasing an unprecedented cascading wave of value currently tied up in excessive fees, commissions and economic ents.

This disintermediation is accomplished by using a DAO (digital autonomous organization consisting purely of distributed software that lives on no single computer or server) which is essentially a smart contract (autonomous computer code, analogous to a legal or social contract that produces y or z result after X input, contingent upon the input).

Veritaseum’s ICODAO will have the ability to accept requests for Eth from prospective ICO issuers, evaluate said requests and if the requests past muster from the DAO’s perspective, then dig in deeper with due diligence and proprietary analysis to ascertain whether the offering will be participated in.

This occurs at a cost that is up to 90% cheaper than fund-like vehicles, meaning the ICODAO token holders (those who submitted Veritaseum’s Veritas tokens to the DAO) stand to benefit significantly more than those who may have invested in a fund with a similar gross return and risk profile, reference this complete illustration for more).

Reggie Middleton the Veritaseum team will support the ICODAO with analysis and development services. ICODAO takes robo-investing and brings it to a new, autonomous and significantly more paradigm shifting level, threatening the highest paid of professional financial investors - VCs and fund managers.

Veritaseum is planning its own ICO (initial coin offering) on April 25th, starting at the open of NY financial markets, through May 26th or as long as supply lasts. Click here for more information.

###

Download the Veritas deal sheet, 

Contact:

Reggie Middleton

This email address is being protected from spambots. You need JavaScript enabled to view it.

1-718-407-4751

Skype: reggie.middleton

Web-ready logo https://blog.veritaseum.com/images/logo/latest_logo.png  

Virtual roadshow https://docs.google.com/presentation/d/1FMyNvogofqojqG6nkIjgvvjAnsWs1qOtKUFExvtp_m0/pub?start=false&loop=false&delayms=3000&slide=id.p

On disripting hedge funds and VCs https://blog.veritaseum.com/current-analysis/1-blog/220-reggie-middleton-shows-what-happens-when-the-fund-fee-fight-hits-the-blockchain

Pathogenic Finance https://youtu.be/_vf8-Hl78pM

A hedge fund recently made news by securitizing its LP units as digital tokens and selling them as tradeable (thereby liquid) assets. This brings technology to the VC industry that should truly challenge the extant VCs right? Well, yes and no. You see, the tokenized thingy is cool and all, but it really doesn't take full advantage of the technology at hand. After all, 2.5% & 25% is a pretty steep fee. Veritaseum, in anticipation of its upcoming ICO (online road show and executive summary ), is prepping to launch what we call an ICODAO, and Distributed Autonomous Organization that collects Initial Coin Offerings. We are attempting to make this nearly completely autonomous, tested (don't think "TheDAO" debacle, and considerably cheaper than hedge funds that you see these days. Now, the ICODAO is not a hedge fund, or a fund of any kind. It's sort of an autonomous software entity, that uses our software token, "Veritas" to allow other entities and individuals to gain access to its accumulated exposures and services. Those services are basically the sniffing our and collecting the best of the best ICOs and token offerings available, and the exposures are the natural result of the collection and holding of said ICOs. A world class research team will supply the analytical chops (click here if you don't know, the same team that predicted Bear Stearns, Lehman, CRE and housing crash, Google, EU sovereign debt crisis, etc.). Back to that in a minute, let's look at what's happening in the world off(block)chain. 

Bloomberg reports "Yale Endowment Blasts Low-Fee Critics, Says Gains Would Lag", as excerpted:

 Yale University, one of the most-watched and best-performing college endowments, defended the fees it pays to external managers, saying in an annual investment report that a low-cost passive strategy would have “shortchanged’’ the Ivy League school’s students and faculty.

 Fees for private equity and hedge fund managers, some of whom command 2 percent for management and 20 percent for performance, or even more, have become a heated topic. Berkshire Hathaway Inc.’s Warren Buffett and writer Malcolm Gladwell have taken public shots at the structure, and Gladwell specifically targeted Yale two years ago.

“What Buffett, Gladwell and other fee bashers miss is that the important metric is net returns, not gross fees,’’ the report said. “Weak or negative returns would result in low or no performance-related fees, but would be a terrible outcome for the university.’’

Yale’s investment strategy emphasizes long-term active management of equity-oriented, yet often illiquid assets, with more than half the fund in alternative investments. Almost a third of Yale’s 2016 allocation is in private equity, including 16.2 percent in venture capital and 14.7 percent in leveraged buyouts. About 22 percent is in absolute return with hedged-like strategies.

“Performance-based compensation earned by external, active investment managers is a direct consequence of investment outperformance,’’ it said.

Yeah, I get it. Some guys are just better than others at investing, and they should be compensated commensurately. The question is, are there high performers that can be had for less than 27% of your profits?  Let's take a look at a theoretical blockchain focused hedge fund vs the ICODAO - from a graphical perspective. Realize that the ICODAO charges a flat fee for its services. It's not a hedge fund, so there are no performance fees, but there are certain things that it may not be able to do on its own (yet), hence has to contract out for. The fees are to cover what it takes to make this autonomous entity self sustaining. It may very well be the case that these fees will shrink over time. We don't know, we're breaking new ground here. The hedge fund fees are self explanatory. 

 Hedgefund fees vs Veritaseum ICODOA fees table

There you go. In a nutshell. Here's more...

Hedgefund fees vs Veritaseum ICODOA fees

Yes, the machines are taking over! Be sure to take part in the Veritaseum Token Offering, take part in the paradigm shift! Feel free to contact me directly with any queries via the contact form in the top menu.

Download the Veritas deal sheet here.

Veritas Deal Sheet 

 

Veritaseum: Ushering in the P2P Capital Markets

Veritaseum is in the process of building peer-to-peer capital markets that enable financial and value market participants to deal directly with each other on a counterparty risk-free basis in lieu of going through middlemen, intermediaries and authoritative 3rd parties. We are holding an ICO for our Veritas tokens: the sole means of accessing the vehicles for the P2P economic markets. Here is an overview of the ICO details. The online Veritas presentation deck is rich with descriptions and links to other documentation and instructions on participating should you want to dig in deeper.

The Veritas deal sheet is now available for download.

Veritas Deal Sheet

Executive Summary

  • Veritaseum is to be considered a gateway, or onramp to the P2P economy, akin to how a browser is used to access the World Wide Web, or a Bitcoin or Ethereum wallet is used to access those distributed ledger platforms.

  • Veritaseum’s wallet uses a layman friendly interface to build, distribute, read and execute smart contracts.

  • The Veritaseum wallet interacts with Bitcoin and (soon) Ethereum blockhains and oracles to conditionally store and transfer value.

  • Veritaseum’s primary competition will initially  be the sell side Wall Street status quo. Its aim is two-fold:

    • o provide autonomous asset management and investment vehicles (DAOs) at near zero profit margin, drawing assets from the more traditional players and then selling information, data and advisory services on top of it;

    • Enable self-service P2P smart contract transactions over-the-counter, that mimic the transactional services of the legacy players, at considerably lower cost and without balance sheet exposures, credit risks or counterparty risks.

      • This near zero margin model will be replicated as a platform across the entire FIRE sector (finance, insurance and real estate), and then to sharing economy models (ie. Uber, AirBbB).

  • Veritas launched a long-running beta of its OTC value trading platform in 2013 and claims to not only be the first publicly viable P2P capital markets implementation of smart contracts technology but to to be the first to file for patent protection of the same.

  • Management pulled the Wallet from public access soon after the CFTC announced their regulation of bitcoin out of concerns of a requirement to register as an SEF (swap execution facility). Management’s goal is to be, and to remain, solely a software, software data services and advisory provider - and explicitly not a financial concern.

  • Veritaseum is moving to the Ethereum blockchain, while still retaining exposure to the Bitcoin token, in order to broaden its smart contract capabilities.

Product: What is Veritaseum Providing and How?

Veritaseum provides direct access to smart contract construction, execution and related products the non-technical individual. This direct access facilitates access to what Veritaseum management has coined the “Peer-to-Peer capital markets” - essentially an ever growing pool of users who transact value directly with each other instead of through intermediaries and middlemen, ie. Wall Street banks and brokerages. Veritaseum sees highly customizable and programmatic, direct, P2P transactions as the future of capital markets.

In addition, with the advent of low cost networking and geographically aware computing power (smart phones), blockchain tech and smart contracts, the concept of transferable value is easily expanded past real and financial assets to privacy, labor, data and a cornucopia of things none of us have through of yet.

All assets are stored client side, fully encrypted and are always in the complete control of the client (i.e., you, the individual user). Veritaseum doesn’t even store encrypted copies on its servers. Even in the event of a password compromise, bad actors must also locate the assets to access them. Something that is much easier to do on a centralized server (e.g., JP Morgan or Citibank) than a fully distributed system.

With Veritaseum, one can literally tweet an entire trade, or click a Friend on Facebook to take the other side of a short Goldman long Facebook trade, or transfer BTC linked to the price of gold through a text message. All without having to trust who’s on the other side! This level of friction free finance leads to the inevitable…

Pathogenic Finance - the Rise of Viral Financial Transactions

In the legacy financial world, in order to open a bank account, you have to present various forms of ID, go through multiple levels of KYC/AML, and wait a few days for funds to clear. In order to open a brokerage account, you have to fill out forms, answer questionnaires, meet minimum account balances and wait up to 3 days for funds to clear and 10 to 20 business days for assets to be transferred from account to account. All this is done to essentially remand control, custody, possession, and ownership of your funds and assets to a centralized hosted wallet (bank or brokerage) with oodles of balance sheet exposure to other centralized hosted wallets (banks, brokerages and exchanges). In return, you are given a promise not to plunder. With Veritaseum, you can create multiple accounts in under 60 seconds. You can start trading and transacting with others almost immediately, and in all cases no less than 60 minutes provided you have bitcoin on hand.

 

This ability to do practically everything your bank and brokerage offers through your browser (for dramatically less money) on practically any web-connected device with a modern browser, practically anywhere, with almost anyone, and without having to trust them inevitably leads to a massive proliferation of transactions. This proliferation will spread exponentially, not linearly, as more and more people realize they have been essentially freed from the “Matrix”.

·       This is what AT&T was afraid of in 1915, causing them to miss out on roughly 7 billion “new” customer accounts, and potentially controlling the telecommunications space.

·       This is what AOL was afraid of in the mid to late ‘90s, causing them to go from the Internet access market leader to an “also ran” in the space.

·       This is what the banks and financial industry are fighting against now, likely to have no more success than their historical compatriots in other industries.

This growth and proliferation in peer-to-peer transactions, is truly viral. The outbreak will not be media or telecomm this time around, but the very meaning, application, and use of money and value itself! This is the dawn of “Pathogenic Finance”!

What is the Disruption of the Normal Physiology of the Legacy Finance Mechanism?

Autonomy vs. Heteronomy

A pathogen is an infectious agent that disrupts the normal physiology of an organism. In this case, the disease is a new cultural meme. Pathogenic finance is a concept discovered and coined by Reggie Middleton, Disruptor-in-Chief at Veritaseum. Veritaseum acts as a virion (infectious virus particle) for carrying new pathogenic cultural memes, ideas, and practices of finance that can be transmitted from one mind to another through writing, speech, rituals, or media. Regardless of what the meme is transmitted through, it is transmitted by… Veritaseum. It is analogous to a virus in that it self-replicates, mutates, and respond to selective pressures on organisms to evolve (i.e., changes in habitat, weather, food availability and type, etc.). Veritaseum, like its biological counterpart, can infect multiple forms found throughout multiple ecosystems. Viruses are the most abundant type of biological entity. Being that Veritaseum now lives as a web page, it can live and multiply anywhere there’s an Internet connection and modern browser. Any geographic location, any device, any user. All it takes is a single Tweet, text, email, or drag and drop to get Veritaseum value transactions to spread and multiply.

Why is the Veritas token needed?

The Veritas token will act as the key and only gateway to access the contracts that build the P2P capital markets. The Veritas token is easily programmed (by the non-technical user) to take on the market exposure attributes of nearly any other financial or  real asset or commodity that has a generally accepted and accessible data feed and/or price discovery. As such, Veritas also acts as the fuel to run the P2P capital market’s engines.

The Veritas ICO will be capped, guaranteeing the scarcity of Veritas, Negotiations are being made to have Veritas accepted off blockchain by legacy institutions.

The New Age, 21st Century Gold Rush: The Grab for Intellectual Property Rights in Smart Contract and Blockchain Technologies

First things, first – let’s quantify the sum of money that is in question. Veritaseum’s platform deals in value transfer. That is not the same as securities, banking or even Wall Street industry. It is literally the exchange of things that are worth something. It is literally the largest potential market in existence. This is a page taken from our crowdfunding information deck.

Addressible market Putting this into perspective, that.s $16.35 of value for every basis point of market penetration. Five basis points of real penetration across markets will dramatically increase the demand and scarcity of Veritas.

Veritaseum doesn’t have to take over markets, it simply has to ensure reliable usage in a very small subsection of markets.

JP Morgan, Bank of America, Goldman Sachs and IBM are just a sampling of the some of the largest, most powerful and most influential companies that have rushed to file patents in this potentially unprecedented arena of profit. From a financial, technological and value perspective, it is literally the second coming of the Internet.


The smart(er) money appears to have started filing financially focused cryptocurrency-related patent applications in the 1st and 2nd quarter of 2014.

 

Below you will find the Veritas digital road show - a slide presentation that goes through what Veritas is, what Veritaseum does, and why you should get involved. This presentation is interactive and chocked full of content. To get the most out of such a dense offering, be sure to make use of the interactive table of contents on the 2nd slide, and please click through all of the videos, links to download the various documents and take your time to read and understand what Veritas is and is not, and what Veritaseum is and plans to be. 

 

Come back here on the 25th of April for more information and the links necessary to access  our crowdsale and initial coin offering smart contracts, be ready to get started! In the meantime, come and find out why we're so excited about this... transformation of capital markets...

 

 Ve value flow chart small

For more information, download the Veritas deal sheet and the step by step guide to purchasing Veritas can be downloaded here.

The online Veritas presentation deck is rich with descriptions and links to other documentation and instructions on participating should you want to dig in deeper.

Download the Pathogenic Finance report and view the video.

Come back to Veritaseum.com at the open of NY financial markets (9:30 am, EST sharp) on April 25th, 2017 to purchase your Veritas, and own your keys to the P2P Capital Markets.

Getting Started Down the Road to Purchasing the Keys to the Peer-to-Peer Capital Markets

Veritas sale date: 9:30 am, EST - April 25th, 2017

This Veritas Offering Summary is available for download and sharing with live links. A step-by-step guide to purchasing Veritas can be downloaded here.

The Veritaseum token offering - Veritas - is now available for sale (as of today, 9:30 am, eastern standard time - 4/25/2017). If you are already familiar with Veritaseum and our tokens offering, you can proceed directly to our purchase instructions (by downloading purchasing our tokens, you assent to our Term and Conditions and Purchase Agreement). Click here to proceed to the Veritas 2017 Token Purchase: Step-by-Step Tutorial

For those who prefer a quick primer on Veritas, please proceed to the Veritas Informational Tear Sheet with live links to a plethora of information. 

A long form, interactive presentation can be found  here in the form of a virtual roadshow - Informational Presentation. To get the most out of such a dense offering, be sure to make use of the interactive table of contents on the 2nd slide, and please click through all of the videos, links to download the various documents and take your time to read and understand what Veritas is and is not, and what Veritaseum is and plans to be.

A last minute Q&A and AMA (ask me anything) video on the Veritas sale can be found here

Veritas Deal Sheet

An Executive Summary

Informational PresentationTo get the most out of such a dense offering, be sure to make use of the interactive table of contents on the 2nd slide, and please click through all of the videos, links to download the various documents and take your time to read and understand what Veritas is and is not, and what Veritaseum is and plans to be.

Veritas Product Purchase Agreement

Terms & Conditions of the Veritaseum 2017 Veritas Sale

 

Veritas 2017 ICO Purchase: Step-by-Step Tutorial

Very Important Note: By continuing past this point and purchasing Veritas tokens, you are hereby acknowledging that you have read, understood and accepted both the Veritas Product Purchase Agreementand theTerms & Conditions of the Veritaseum 2017 Veritas Sale..

_______________________________________________________________________________________________________________

  • Veritaseum Token Tutorial

In order to use anything on the Ethereum network a person needs to have an Ethereum account. The easiest way to do this, is with MyEtherWallet

  • Generate an Ethereum Account

  • Step 1

Click on Generate Wallet and enter a good password. You will always be able to regenerate the same account from the same password.

Click download and save the json file BUT keep this file safe and private. Any person who gets their hands on this file can now access your account, so store it safely.

Open the file and look at ciphertext. This value is your private key. This private key is the part that MUST be kept secret.

Copy this ciphertext/private key into memory and go to the View Wallet Info tab at the top of the page.

Select the Private Key radio button and paste your private key into the box. Click Unlock.

Now you can access your Ethereum account! It is here that you will find your Ethereum address, view the balance that this account has in it, view any tokens that it has, and other interesting things also.

  • Get Ether

As you can see, new accounts do not hold any Ether and you will have to get some.

Click on the Swap tab at the top of the page to exchange your bitcoins for Ether. Alternatively you may use ShapeShift. Be aware that this method is more expensive than sourcing Eth of exchanging it through an established token exchange, ie. Poloniex or Coinbase.

Exchange for VERI Tokens

Once you have some Ether, you are ready to exchange those Ether for Veritaseum Tokens!  One VERI Token costs 0.03333333333 Ether, so for one Ether you get 30 VERI Tokens!

The ICO crowdfunding stage is from 2017 April 25th 9:30 EST (14:30 UTC) and lasts for 31 days. There is even a 20% discount for tokens purchased on day one (after the start), a 10% discount for tokens purchased on day two (after the start), and every consecutive day the discounted rate will reduce by 1% per day until the normal price is reached (day 12)!

The VeritaseumToken smart contract is an Ethereum ERC20 compliant token, which means that you can exchange VERI tokens on any Ethereum based exchange.

Very Important Note: By continuing past this point and purchasing Veritas tokens, you are hereby acknowledging that you have read, understood and accepted both the Veritas Product Purchase Agreementand the Terms & Conditions of the Veritaseum 2017 Veritas Sale..

The address of the VeritaseumToken is at: 0x8f3470a7388c05ee4e7af3d01d8c722b0ff52374

The source code of the VeritaseumToken can be found at: https://github.com/RFVenter/Veritaseum/blob/master/contracts/VeritaseumToken.sol

To purchase VERI tokens during the ICO phase you will have to use another smart contract which has been designed to sell tokens at the correct price during this time.

Very Important Note: By continuing past this point and purchasing Veritas tokens, you are hereby acknowledging that you have read, understood and accepted both the Veritas Product Purchase Agreementand the Terms & Conditions of the Veritaseum 2017 Veritas Sale..

The address of the TokenPurchase is at: 0x599a4b8188676224d4c9b393b947e332b60b15e3

The source code of the TokenPurchase can be found at:

https://github.com/RFVenter/Veritaseum/blob/master/contracts/TokenPurchase.sol

To purchase Veritas, go to the “Contracts” menu in MyEtherWallet as shown below.

Set the selections as shown below...

Click on the Interact with Contract tab at the top of the page. Enter Contract address 0x599a4b8188676224d4c9b393b947e332b60b15e3.

Copy and paste the TokenPurchase ABI code from the box below:

[{"constant":false,"inputs":[],"name":"purchaseTokens","outputs":[{"name":"","type":"uint256"}],"payable":true,"type":"function"},{"constant":true,"inputs":[],"name":"startTime","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"closeTime","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"owner","outputs":[{"name":"","type":"address"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"price","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"}]

If the site asks you again, then enter your private key again and Unlock.

Click WRITE

To exchange Ether for VERI tokens you simply have to send the amount of Ether you wish to convert to VERI tokens, to the TokenPurchase smart contract. The smart contract will automatically allocate your tokens to your Ethereum address.

Increase the Gas Limit to about 80,000 and Click Generate Transaction

Congratulations, you now have VERI tokens!

Next you will want to go to your Ethereum account and see your VERI tokens. Click on the View Wallet Info tab and enter your private key again, if the site asks you for it.

Click Add Custom Token and enter the address (0x8f3470a7388c05ee4e7af3d01d8c722b0ff52374) of VeritaseumToken into the Address box, VERI into the Token Symbol box, and 18 into the Decimals box and Save

You will now be able to see VERI tokens for any and each Ethereum account that you may have.

  • Use VeritaseumToken smart contract and Tokens

Once you have Veritaseum Tokens you can do several things with it. Since this is an ERC20 compliant token you can basically exchange VERI tokens on any Ethereum exchange, and there are several. You can exchange them for other tokens, or sell them back to Ether at a later stage.

To use them on MyEtherWallet, click on Send Ether & Tokens tab. Enter your private key and Unlock.

Now, enter the address (0x8f3470a7388c05ee4e7af3d01d8c722b0ff52374) of VeritaseumToken into the Contract Address box.

Copy and paste the VeritaseumToken ABI code from the box below.

click Access

[{"constant":true,"inputs":[],"name":"name","outputs":[{"name":"","type":"string"}],"payable":false,"type":"function"},{"constant":false,"inputs":[{"name":"_spender","type":"address"},{"name":"_value","type":"uint256"}],"name":"approve","outputs":[{"name":"success","type":"bool"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"totalSupply","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":false,"inputs":[{"name":"_from","type":"address"},{"name":"_to","type":"address"},{"name":"_value","type":"uint256"}],"name":"transferFrom","outputs":[{"name":"success","type":"bool"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"decimals","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[{"name":"_owner","type":"address"}],"name":"balanceOf","outputs":[{"name":"balance","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"owner","outputs":[{"name":"","type":"address"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"symbol","outputs":[{"name":"","type":"string"}],"payable":false,"type":"function"},{"constant":false,"inputs":[{"name":"_to","type":"address"},{"name":"_value","type":"uint256"}],"name":"transfer","outputs":[{"name":"success","type":"bool"}],"payable":false,"type":"function"},{"constant":true,"inputs":[{"name":"_owner","type":"address"},{"name":"_spender","type":"address"}],"name":"allowance","outputs":[{"name":"remaining","type":"uint256"}],"payable":false,"type":"function"},{"inputs":[],"payable":false,"type":"constructor"},{"anonymous":false,"inputs":[{"indexed":true,"name":"from","type":"address"},{"indexed":true,"name":"to","type":"address"},{"indexed":false,"name":"value","type":"uint256"}],"name":"Transfer","type":"event"},{"anonymous":false,"inputs":[{"indexed":true,"name":"owner","type":"address"},{"indexed":true,"name":"spender","type":"address"},{"indexed":false,"name":"value","type":"uint256"}],"name":"Approval","type":"event"}]

Now you can access all the public functions that this smart contract has. For more information about ERC20 compliant Tokens goto to ERC20

If you select price you can see that it has a lot of digits. Ethereum has high precision and uses 18 decimal standard precision.

The cost of this token is 0.033,333,333,333,333,333 Ether per one token. OR 1 Ether is 30 tokens.

The function shows you how many tokens your account has.

This function allows you to transfer your tokens to another Ethereum address, like your friends.

  • Conclusion

Using Veritaseum Tokens are fun and easy. If you need more information about Ethereum Tokens, just Google it.

 Ve value flow chart small

Saturday, 01 April 2017 18:06

What is the Value Proposition For Veritas?

A Veritaseum Smart Contract form.

advanced tab 2.0

A YouTube commenter asked a very good question that we will like to take some time to answer. The question was, verbatim:

I've watched your video and gone through the slides. The exchange I "get". I think it has great potential. However, I don't understand the case for Veritas at all and I think many others will feel the same. You state that Veritas can be used to buy consulting and advisory services. OK, but what is the cost in Veritas? Will that change or will it be fixed? What is the advantage of using Veritas over cash to buy this information?
The cost will be our stated rates, and will fluctuate with the VeUSD exchange rate. The advantage of using Ve over cash is that our consulting and advisory services are a very scarce commodity (like most labor), although the research is much less so (as it can scale via platform). Thus, Veritas holders get priority. I want to make it perfectly clear that Veritas ICO is much, much more than mere research and advisory. Consider that the icing on the cake. The ability to redeem your Ve against us gives instant value. In addition, we have a working, beta product already developed (not quite production ready for the masses, but it has been running in the public doman for serveral years now). In addition, we also own our IP. Where some coin offerings only offer the promise of future development (as do we, to be sure), we also have something to offer in the here and now.  
 
You also state that Veritas will be needed to gain access to various digital platforms. That sure sounds like a "fee" to me unless Veritas is free which is obviously not the case. So the whole innovation is free contracts that are not really free?
You are confusing ongoing management and administration fees (among other constant fees as well as sales fees) with needing the Ve token for access to the P2P Capital Markets. The digital asset pools will exist autonomously on the blockchain without a centralized manager to charge any fees for profit or rent seeking gain. Think of using ether to gain access to the Ethereum blockchain, or bitcoin to gain access to the Bitcoin blockchain. One could pose the argument that entering a smart contract on Ethereum  or Bitcoin isn't free due to the cost of ether or BTC, but in all practicality those tokens are the denominating asset for their respective blockchains an contracts. The same will hold true for Veritaseum contracts although we will strive to be token agnostic. You will be able to gain liquidity (to some extent) to exchange tokens, and use various assets in our asset pools as long as you have Ve (Veritas) as the key to entrance.
More importantly, the fees that truly matter, that enable the multitude of multimillion dollar Wall Street bonuses and that eat up the vast majority of investor's capital, are ongoing management and administration fees. Reference this screen shot from slide 10 of the Veritas presentation
What Are Veritas 4
As stated above, think of Veritas as Ethereum for finance, investment and interactive value exchange. The difference is that we will have rapid development templates for certain (and hopefully many) contracts that allow the lay person to quickly create, implement and execute their own smart contracts without the need for, or assistance of a developer, finance whiz or lawyer (although that does not mean that it wouldn't be a good idea to have specialized expertise on hand when dealing with certain transactions, hence Ve for advisory). In order for you to access the smart contract templates (or access the P2P Capital Markets with contracts you develop on your own), you will need Ve. This rapid contracting system exists already in the Veritaseum platform. See this contract that allows the purchase of Qualcomm equity exposure through the sale of Intel equity exposure, created by the filling in of a simple form.
intel short thorugh Veritaseum
 
With the assistance of the ICO, we can create more sophisticated forms with more flexibility, direct exposure to APIs, and pre-fabricated software pools of exposures to those seeking such through smart contract forms such as these. Also of importance, we can decentralize (or potentially fully distribute) the server, making the entire system more robust, and near anti-fragile.
 
Also, no disrespect intended, but what happens to Veritaseum and Veritas if you were (to be blunt), drop dead tomorrow? If any of bitcoins developers died, it would have zero effect on the price or utility of bitcoin. Veritas might as well be called Reggie Coin and it's pretty obvious what would happen to Reggie Coin in that scenario.
Veritaseum is not Reggie Middleton. It's my brainchild and I'm the (current, until we can get a better) spokesperson, but the skillset to develop such a platform has been over my head nearly since inception. Just measuring what we have now: patents pending, software engineering, financial engineering and analysis, and significant software development - takes a diverse team. We do need to build our team out significantly, which is one of the primary purposes for the ICO. Part and parcel to that buildout will be the hiring of deep and experienced management that will form a healthy chain of succession should anything happen to any one of us - or even several of us.
In addition, we will open source the token-based asset pools and oversee its development with the community. We have no desire to control this. As you may recall from the introductory video, our goal is to significantly and dramatically democratize the finance and investment space. That means access for everyone and anyone, anywhere. Think of how dramatic the change in the media business was with the introduction of the Internet and blogs. Now, everyone and anyone could potentially create content that could nearly instantaneously reach an audience of millions around the world, in a matter of minutes. Did this destroy the media business? No! It expanded it and forced it into the next century, the next paradigm. We're looking to do the exact same thing to Wall Street! 
 
I hope you'll post some material explaining the use case and the value proposition of Veritas. Thanks.
See the graphic below to see the doors that Verias (Ve) is to serve as the key to open.
Ve value flow chart
The Veritas deal sheet is now available for download, which packs all the information about Veirtas in a signle page. A step by step guide to purchasing Veritas can be downloaded here.
Veritas Deal Sheet

My Twitter Updates

From Commun.it
ReggieMiddleton Thanks for the recent follow @KimDotcom @semertzidis @webbits Happy to connect :) have a great Tuesday.
About 2 hours ago
ReggieMiddleton @KCJEP the inherent utility value that came with them when you bought them. 3rd parties, etc. May value them differently as time goes on
About 7 hours ago
From Commun.it
ReggieMiddleton Thanks for the recent follow @NWOforum @WeAreSwarmCity @Nepalikintaro Happy to connect :) have a great Monday.
About 19 hours ago
From Hootsuite
ReggieMiddleton RT @c4chaos: I just bought a shitload of Veritaseum $VERI. looking forward to the alpha version of SKYNET 😉🚀… https://t.co/ddYu285mWo
About 24 hours ago
From Hootsuite
ReggieMiddleton Missed the link for our blockchain company valuation analysis? Into here https://t.co/vXhZU3AplK and download here… https://t.co/HQKPJo0GTb
Monday, 22 May 2017 17:42

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