Why VeChain is a ponzi scheme

VEN is a ponzi scheme with Chinese characteristics. The technology will never materialize, and anyone who says VEN’s partners are already using the technology, have no proof. Just empty words spouted by a huckster. VEN masternodes were designed to get greedy idiots to dump even more money into their coin.

Take a close look at their dev team, there’s only one hardware guy. That should concern you. Rebranding is easy, announcing news is easy, but making grounding breaking technology isn’t. And I’m not criticizing people that buy/sell the VEN hypewave, go for it. But long term holders will get burned.

Other urls found in this thread:

imgur.com/a/5Qo48#AtOfvz9
medium.com/@vechainofficial/vechain-blockchain-solutions-to-enter-chinas-tobacco-industry-in-force-c92b3729878f
cdn.vechain.com/vechain_national_government_partnership_guian_release.pdf
world.youcollect.co
twitter.com/SFWRedditVideos

Ye I used to work at vechain and I heard some shaddy stuff about Sunny Lu.

Then don't invest in them. Just shill your own coin like everyone else lmao.

They don't have just 1 hardware guy.

And they are using existing and already working hardware and repurposing it. fgt

Haha all this fud reminds me of neo fud before they rebranded and the price skyrocketed. Can't wait for the 26th :)

>no proof
LMAO SALTY WALTY HERE YOU GO imgur.com/a/5Qo48#AtOfvz9
SEE THE BLOCKCHAIN PIC RELATED

You want to see a video of scanning a vechain t-shirt with the APP that you can download right fucking not faggot?

Everyone take note of this classic FUDster technique

>take a close look at their dev team, there's only one hardware guy

he says this knowing full well that there is nowhere to look at their dev team. They don't have a team section on the website. He expects you to take his word for it and leave anxious

but if you dig a little deeper you will find out that VEN has an entire engineering building. Why did Kevin Feng, who held a very prestigious title at PWC leave to become Vechain's lead engineer? Why did the CTO Jiangliang Gu, with over 150 relevant patents to his name, leave his also prestigious position to work for VeChain? Ask yourself these questions.

im bullish as fuck on ven but don't confuse some simple blockchain explorer with their actual product

Aren't most ERC20 tokens risky business?
I mean, why would you need 5 billion dollars to build technology that Vitalik build for free?

The essential difference between Vechain and Walton is the layer at which the blockchain is implemented. Walton has patents on the txID-reading RFID chips with memory, which allows the blockchain to be implemented in the foundational level through the RFIDs. They are world leaders in chip technology, and make their own chips. Vechain does not make their own chips. They outsource the hardware, and have the hardware made compatible with their blockchain via API. So their blockchain is implemented several layers up in the application layer, through business-centralized control. So, Vechain is inherently less decentralized and less secure.

This is the essential difference, and it's not a deal-breaker for Vechain, but it is a fact, and it does matter. Walton is somewhat ironically better at authentication than Vechain for this reason, despite Vechain's original main use-case as an anti-counterfeiting product (they've since expanded their use-case into cold logistics and other areas).

But there are other advantages to making your own chips. Vechain is using someone else's hardware and then repurposing it for their blockchain. Walton has built the chip from the ground up to be compatible with the blockchain and improved the standard chip to be much more advanced, with encryption, fine minute movement detection, anti-collision logic to prevent skipping, low voltage technology so the chips can last more than 20 years, and other advancements over standard chips. Making their own chips also makes them cheaper. Standard RFIDs are 15 to 20 cents. Walton's are less than 5.

I'd sell right before the rebrand if I were you. It's not like antshares -> NEO because you won't be generating Thor until June.
The rebrand is just a name change, and it's frankly already happened in most wallets.
Buy on Hype, sell on news.

THATS FUCKING BACKWARDS FAGGOT.
The essential difference between Vechain and Walton is the layer at which the blockchain is implemented. Vechain has patents on the txID-reading RFID chips with memory, which allows the blockchain to be implemented in the foundational level through the RFIDs. They are world leaders in chip technology, and make their own chips. Walton does not make their own chips. They outsource the hardware, and have the hardware made compatible with their blockchain via API. So their blockchain is implemented several layers up in the application layer, through business-centralized control. So, Walton is inherently less decentralized and less secure.

This is the essential difference, and it's not a deal-breaker for Walton, but it is a fact, and it does matter. Vechain is somewhat ironically better at authentication than Walton for this reason, despite Walton’s original main use-case as an anti-counterfeiting product (they've since expanded their use-case into cold logistics and other areas).

But there are other advantages to making your own chips. Walton is using someone else's hardware and then repurposing it for their blockchain. Vechain has built the chip from the ground up to be compatible with the blockchain and improved the standard chip to be much more advanced, with encryption, fine minute movement detection, anti-collision logic to prevent skipping, low voltage technology so the chips can last more than 20 years, and other advancements over standard chips. Making their own chips also makes them cheaper. Standard RFIDs are 15 to 20 cents. Vechain’s are less than 5.

buy on hype sell on the news is just a self fulfilling meme that was started when crypto was shit and the news could not live up to expectations. Vechain is delivering news from Fortune 500 companies and governments. You do not sell that news.

I've sold and rebought VEN several times. I recently picked it up at $4 and sold around $6.
Feel free to laugh at me if I miss a moon mission, but I just can't take ERC20 tokens serious.

You know it won't be an ERC 20 token in June right? Have fun paying short term capital gains tax. Ill wait a year and cash out 30%

>>b-b-but mainnet in june
If they deliver...
>> b-b-but taxes
Not americuck

I get it though, it's just that there are so many promising ERC20 tokens and they won't all make it.

Lol you are a deluded venlet dyor

>muh DYOR
medium.com/@vechainofficial/vechain-blockchain-solutions-to-enter-chinas-tobacco-industry-in-force-c92b3729878f
CHINA TOBACCO 30% OF ALL CIGS IN THE WORLD

cdn.vechain.com/vechain_national_government_partnership_guian_release.pdf
SMART CITY GUI'AN IF SUCCESSFUL IT WILL BE IMPLEMENTED INTO ALL OF CHINA

HAHAHHAHAHAHAHAHHAHAHAHAH SALTY WALTY BAHJAHAHHAHAHA YOU BOUGHT THE WRONG COIN FAGGOT EVVER HEARD OF THE TORTISE AND THE HARE YOU BOUGHT WALTON WITH ALL YOUR ALLOWANCE MONTHS AGO AND THEN VECHAIN BLACKED YOU

I don't care, I'm just going to dump it when rebrand happens. Hope some retard FOMO's and buys my bags

hahahah I did that when NEO was 10$ right at the rebranding. HAVE FUN GETTING BLACKED LIKE I DID IT DOESNT FEEL GOOD

yea its not like vechain has been overdelivering every single time. oh wait.

I think better chance to get your money out is world.youcollect.co than VEN

neo was $10 at the rebranding and dropped to $4. after the rebranding.

Ok you may be smart enough to sell the temporary top or close to it but barely anyone is smart enough to time the market and get back in. Then you are FUCKED.

whats a huckster?

btc also jumped 28% during that time
2.5k to 3.2k

vechain might not even be useful ... but till then buy the rumors and sell at news

be careful faggots - ven is certainly not going to be another NEO; ETHEREUM; BTC; heck even OMG