/biz/ - Business & Finance

[Anonymous No.8413038]

Why does VeChain have a lower market cap than a bunch of shitcoins that have no real-world utility?

Cardano: $3,679,932,830
EOS: $3,203,859,072
DASH: $2,917,016,112
TRON: $1,735,818,030
...
VeChain: $1,730,065,585

In their business Q&A, they point out how VeChain will be handling more transactions than Ethereum once they move all their clients over to the public blockchain in June. And in the same Q&A:
>Q: How soon could VeChain be able to let your product be used in real life situation by a company?
>A: We really need to iterate this times and times again. We have heard many people still asking about this, which we believe we have spoken to very clearly in the past communications. Our solutions are already being used by companies NOW, as we speak. VeChain has already built a standalone consortium chain that these clients are running on, a permissioned blockchain. All these clients will be migrated to the VeChainThor public blockchain when it’s launched.

How can I not view this entire crypto space as totally fucked when a coin like this has a lower market cap than DASH, DIGITAL CASH? Or even goddamn Ethereum, which is being used only for scammy ICOs and Internet pet games while something like VeChain is used by multi-billion dollar companies in projects right now, today?

This isn't a stealth shilling thread. I honestly think this market is absolutely fucked until the crap dies and anything with actual utility gets into the Top 5 and I don't know if that'll happen even this year.

[Anonymous No.8413042]

>>8413038
Bear market and it doesn't have a mainnet until June which is huge.

[Anonymous No.8413054]

Vechain will be going top 3 this year. Regulation will seperate the real projects from the shit.

The era of shitcoins is over

[Anonymous No.8413065]

>>8413038
Get your chink scamcoin out of here

[Anonymous No.8413068]

maybe because vechain is also a massive shitcoin in disguise

[Anonymous No.8413099]

>>8413054
I hope so. the sheer volume of shitcoins makes it more difficult to separate the wheat from the chaff

[Anonymous No.8413127]

>>8413038
To play devil's advocate, they're completely closed source which is pretty antithetical to the industry, so whatever they claim you can only take them at their word you have no way of verifying.

That said, they're using a centralized model and PoS for consensus, so obviously transactions per second are going to be much higher than Ethereum.

tldr; Centralized permissioned PoS vs Decentralized permissionless PoW

[Anonymous No.8413130]

>>8413038
It’s an ERC20 token lol
Pajeet-tier coin with fake partnerships and paid shilling (proven, caused them to be banned from /r/cryptocurrency)

[Anonymous No.8413133]

>>8413068
>>8413065
PwC, the largest professional services firm in the world (annual revenue $37.7 Billion), posted on their website:
https://www.pwccn.com/en/press-room/press-releases/pr-150517.html

DNV GL, the world’s largest classification society (annual revenue $3 billion), posted on their website:
https://www.dnvgl.com/news/dnv-gl-partners-with-blockchain-expert-vechain-to-increase-transparency-from-the-factory-to-the-consumer-110284

It's the real deal. Everyone knows it. Try not to be retarded for 5 seconds and accept the premise of the argument that this is one of the only things in crypto that's actually used by businesses to save themselves money and improve efficiency. There are other blockchain solutions used in the business world. IBM offers a variety of blockchain solutions (Hyperledger) but you can't buy a Hyperledger coin. This is the closest opportunity to that, and yet there's just total garbage above it.

I know mainnet launches in June, but surely a project with the promise of guaranteed clients and demand for the token is better than investing in something destined for failure (DASH, EOS) - and yet the money's still there, and not here, and for that reason how can crypto ever shake the stigma of being a total scammy shitshow?

[Anonymous No.8413142]

>expecting rationality from an irrational unregulated market manipulated by whales and wall street

[Anonymous No.8413179]

>>8413133
It's just a private database. I'm not buying tokens for a private database, this is antithetical to what crypto stands for.

[Anonymous No.8413192]

>>8413133
In 2007 the biggest and most trusted credit rating agencies gave great ratings to the shittiest loan portfolios possible, until they whole thing went kaput 1 year later. Stop believing press releases.

[Anonymous No.8413429]

>>8413127
proof of authority idiot, its not centralised, actually do some research instead of parroting rests of biz's retard statements