Is Veritaseum a scam?steemCreated with Sketch.

in #veritaseum8 years ago

I'm checking out the Veritaseum project and did some background research on Reggie Middleton ... Reggie seems legit and I think he has good intentions.

But when analyzing projects I always like to look into the fundamentals and I must say it is hard to find any proof to all the bold promises that are being made? I looked into the Veritaseum GitHub page to see what has been made in all these years but I cannot find anything? Maybe I'm wrong here and checking the wrong repo: https://github.com/veritaseum ??? Before investing into a project especially a cryptocurrencies project I look at what is there and I want to see some execution power … for Veritaseum cannot find anything only a lot of talk but since the project is already being developed for so long where is some work that has been done?

I posted a tweet and a facebook massage to see if I can get any more info. Maybe I'm missing something here but for now I see almost %0 execution power pleas correct me if I'm wrong.

2017-06-21 11_39_49-Reggie Middleton on Finance, Technology, Fitness & Family - Berichten.png
2017-06-20_08_09_01-Tweets_with_replies_by_Amadeo_Brands_(@amadeobrands)___Twitter.png

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Reggie Middleton seems legit? Are you blind?

Feels like a scam to me.

I think we have to look at the level of communication as well. If you want to run a project the idea must be present, but communicate with developers and interested people will also say a lot about the reliability of the project.

As far as I understand this is not a coin that has any developable parts to it. The coin is simply a Ethereum ERC20 token that allows you access to Financial advice from Reggie Middleton himself. If you think there is value in that you invest in it. If not don't. I personally own .2 VERI and I'm waiting to see if there is ANYTHING worth buying more for, but currently the only thing they have available is a 4.5 VERI technical/financial evaluation of the GNOSSIS Ethereum token. Doesn't sound worth while to me.

Thank you good insight I think will not get into VERI seems not that good at all lol

One thing to point out I forgot to mention in this post is that Veritaseum IS supposed to have the added functionality of serving as a sort of mechanism to facilitate peer to peer trading of comodity related derivative contracts. It does NOT seem to be finished yet though and with only 3 people (and a kid?) confirmed as working on this project it makes you wonder when and if this utilization will materialize

Great work thank you

Not a fan, lots of these ICO's are going to fall flat on their face.

Most of these ICOs are probably scams. Problem is, we usually find out too late.

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