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/biz/ - Business & Finance

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8827192 No.8827192 [Reply] [Original]

Forgive me for using this term "boujie" but has anyone ever thought that if Louis Vutton does 42 billion in revenue annually, couldn't something like Vechain have a real use case? All those fucking boujie losers that care about name brand bullshit may be able to pull out their iPhone X and scan a tag or what the fuck ever and prove that their name brand is authentic. In an intrinsically materialistic society, wouldn't people just eat that shit up? Rappers are about to be using their second iPhone to take videos of themselves scanning barcodes to "flex" on all ya'll broke motha fuckas?

This isn't a shill, just looking for a jumping off point of discussion.

>> No.8827363

>>8827192
It's not just Louis Vuitton. Look at all the branches they are in. Even fucking belvedere vodka. Idgaf what anyone says, this shit will moon so hard.
https://www.lvmh.com

>> No.8827369

>>8827192
Anything is possible. Keep in mind that LMVH owns a lot of well kniwn liquor/wine brands as well.

>> No.8827472

>>8827363
>>8827369
Are there serious issues in counterfeit goods outside of clothing and accessories? I've never heard of a fake bottle of belvedere. But then again, I'm looking at it from an extremely narrow scope. Maybe there are use cases beyond just, 'is [x product] authentic.

>> No.8827516

lol OP a neet that never wore nice shit. you ever been inside an LV store? shit feels so much different from all the fucking department stores that import their shit from pajeets and chinks.

>> No.8827570

>>8827516
I'm no stranger to the quality of a nice and well put together product. I just don't see the value when I can accomplish the same goal for a fraction of the price. You're probably a fucking culture vulture who buys LV garbage. Why buy a 3k t-shirt that is still factory produced, when I can buy something of decent quality from someone who made it themselves? You're a fucking roastie faggot.

>> No.8827602

>>8827472
You should lookup how big the counterfeit marked is (including counterfeit vodka for example)

>> No.8827620

>>8827192
Why would Louis Vutton [sic] need a public, decentralized blockchain to do this?

>> No.8827631
File: 530 KB, 700x886, dapperdanlvcoat.jpg [View same] [iqdb] [saucenao] [google]
8827631

>> No.8827677

>>8827620
Vechains blockchain is not public and decentralized retard. It's like you guys don't even want to get money holy fuck. Do some research.

>> No.8827694

>>8827620
Are you fucking retarded?

>> No.8827703

>>8827620
they don't.
https://www.theverge.com/circuitbreaker/2018/4/5/17201878/louis-vuitton-luggage-tracker-sigfox-suitcase

>> No.8827733

>>8827620
nigger do you want me to hold your hand and spoonfeed you the reasoning behind this entire fucking tech sector?

>> No.8827760
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8827760

>>8827677
>Vechains blockchain is not public and decentralized retard

Then what's the point? A SQL database would be better than a blockchain then.

>>8827694
I'm not interested in your shitcoin, so no.

>> No.8827763
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8827763

>>8827703
=/=

>> No.8827788

>>8827733
>Thinks manufacturers & consumers giving money to speculating NEETs makes sense somehow

>> No.8827858

>>8827570
Jesus Christ you're an idiot. You're views on consumerism mean jack shit. Nobody gives a fuck if you prefer to buy cheap shit rather than expensive shit. The only thing that matters is that some people ARE willing to buy the expensive shit. If you can't see the value that tracking the legitimacy of said expensive shit has then you need to get the fuck out of here because you're never going to make it.

The counterfeit market is fucking massive

>> No.8827882

>>8827788
You're right. That is exactly what I think. This entire project is coded by, funded by, and managed by, unemployed people. I think some homeless dude's just happened to walk into that list of partners that too stupidly long to even post and exchanged handys for contracts

>> No.8827890

>>8827760
>why do we need CD's when we have LP's

>> No.8827927

>>8827858
Bruv, you've got it all wrong. Neck yourself. Read the thread before you attack someone.

>> No.8827938

>>8827890
BlockChain literally only has one use case and that is a decentralized ledger, a centralized and private version is significantly worse than just storing all your crap in a linked list

>> No.8827964

>>8827882
By NEETs I mean you bastards. Any solution to counterfeiting will be something that saves manufacturers money. They want a more efficient solution than what already exists. Now, it's not a perfect zero sum game, but generally the money that YOU, the shitcoin holder, comes out of the pocket of the manufacturer/consumer. The less money YOU make, the more efficient the solution will be. Therefore, IF blockchain is ever successfully used to fight counterfeiting, it won't be making anyone rich. The whole idea of utility tokens is to cut out middlemen, not allow a bunch of speculating NEETs to get rich at the expense of manufacturers trying to save money.

>>8827890
Why do we have A-10 warthogs when we have F-35's

>> No.8827982

>>8827938
Aren't you forgetting about cryptographic consensus algorithms? Wouldn't they make a database much more secure? Don't get me wrong I think 'private blockchains' completely defy the purpose but they do offer at least something different to a standard linked database from what I understand

>> No.8827997

>>8827964
A10 is my close air support wet dream you faggot. Give me an a10 to support me any day than those shitty soyboy f35 pilots

>> No.8828073

>>8827997
exactly motherfucker. I'm making fun of these brainlets who think blockchain makes more sense than a goddamn SQL database because it's current year

>> No.8828130

>>8828073
Why is DNV GL and Kuehne + Nagel (world's largest freight forwarder) interested in this, then? I'm not shilling, I just want to hear why you think they might have supported this. There are two members of DNV GL on VeChain's steering committee, after all.

>> No.8828150
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8828150

WHY ARE ALL THESE THREADS ALWAYS NONSTOP NONSENSE FUD SPAM AND TROLLS?

>> No.8828184
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8828184

>>8828130
all "partnerships" are the result of clueless managers jumping on the new hotness because it looks good

>>8828150
because I'm fucking tired of your shitcoin being shilled. It's annoying as fuck.

>> No.8828185

>>8827938
thanks just bought 100k req

>> No.8828220

>>8827982
I suppose that could be useful in specific circumstances

>> No.8828259

You fucktards.

Sunny Lu was the cio of Louis Vuitton China.

Muh thunder XNode at 2k sats is gonna make me
Fuck You $$$$$$$$$

Stay poor faggits

>> No.8828277

>>8828184
That's sort of a hard position to justify, isn't it? From where I'm looking, it's more likely that PwC, DNV GL, Renault Group, Kuehne+Nagel, D.I.G., China Unicom, and so on, have invested in it because of the tech. They are fully aware of SQL databases, they'd have no reason to invest in this if it wasn't a potentially better solution.

That is, why should anyone take anything you'r saying seriously? What industry do you work in, do you know more about logistics than them?

>> No.8828384

>>8828277
Whispers that DHL is looking into vechain as well after an internal database error recently cost them millions and millions of dollars.

>> No.8828398
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8828398

>>8828277
>major companies are exploring an emerging technology
therefore
>major companies will allow a bunch of speculating NEETs to act as gatekeepers and middlemen taking a fat cut of their profits in the name of saving money

I'm going to enjoy watching vechain grind down to $1 and below

>> No.8828420

>>8827192
>ven meme still around
>it's already Q2
Move on bagholders

>> No.8828429

>>8828398
So you mustn't believe in this space as a whole
Which leads to the question, why are you here?

>> No.8828497

>>8828429
I'm here because I believe speculating in decentralized, trustless, stores-of-value will make me very very rich.

I don't think there's much future for utility coins, platform coins, or even coins that try to be high-velocity currencies.

>Mehmet my son, you are man now, you may invest in an emerging technology
>you can pick a project that is literally trying to store as much value as possible
>or you can pick one of thousands of "Blockchain for X" coins
>mehmetpickswrongly.jpg

>> No.8828575

>>8828398
What do you mean they'd "allow" a bunch of speculating NEETs to act as gatekeepers? There are countless corporations that "allow" people to buy shares and own a stake of their company.

>> No.8828758

>>8828575
So is the VEN token a security now? When you buy the tokens, are you buying partial ownership of the "company"?

This is like speculating on land that you hope a property will be built on. Except the more expensive the land, the less attractive it is. The less expensive it is, the more attractive it is.

Adaptation is at odds with early speculators getting rich.

>> No.8828761

>>8828497
Isn't this analogous to (and just as inane as) saying you'd rather buy Gold than Apple or Google shares

>> No.8828811

>>8828758
No, I'm buying ownership of the platform or business, it's a sort of investment unique to blockchain. I read that VeChain's been in business since 2015, and what they used to do is charge clients in fiat and the money would go straight to them and they'd offer their blockchain services in return. By transitioning to a token platform, they'd now quote clients in fiat, they'd get paid, and then VeChain would purchase the equivalent amount of fiat in tokens. If the platform is a success, the tokens will go up in value because of that business-driven demand. If VeChain doesn't get any clients, then there'll be no business-driven demand the token value will be solely determined by speculators and would probably fall.

>> No.8828857

>>8828761
No, because cryptocurrencies are not companies and tokens are not shares. It is not analogous at all, unless there are tokens that are acting as securities.

I am saying I'd rather speculate on a system that is designed to BE value, than try and speculate on a system that paradoxically cuts out middlemen & is more efficient than existing solutions, while at the same time being extravagantly wasteful enough to make early speculators rich.

One of the biggest problems with this space is people treating cryptocurrencies like they are companies or start-ups.

>> No.8828864

Chinese shitcoin

>> No.8828874

>>8828758
The value of the VeChain token is irrelevant to how attractive clients find the platform. If VeChain's blockchain solution will cost a client ten million dollars and their token is worth $1, then they'll buy ten million tokens. If it's with $10, then they'll buy one million tokens. All that matters is that there's ten million dollars worth of a buy order, demand driven by good business and not speculation.

>> No.8828893

>>8828811
Why do they use the fiat to purchase tokens? What is the purpose of the tokens, other than raising money from clueless speculators?

>> No.8828906

>>8828857
By investing in coins like VeChain (and there are some other utility tokens like it), I'm banking on businesses finding these solutions valuable and for there to be real-world business-driven demand for them outside of NEET speculators. I think the NEET speculation gold-rush thing will die out eventually. Essentially, I feel after putting my money in things where I know that even if NEETs run out of money or lose interest, there will still be billion-dollar-corporations putting up buy orders for the coin because they want that blockchain solution.

>> No.8828919

>>8827192
>boujie
Spark plug in arabic?

>> No.8828921

>>8827858
you're literally getting triggered over the anon you're attacking saying there's a market for the stuff you care about

>> No.8828929

>>8828893
The tokens offer smart contracts, they are the blockchain solution they're paying for (in combination with whatever hardware solution VeChain is offering).

>> No.8828932

i had some sold at profit but fuck you /biz i dont know what to believe

>> No.8828935

>>8828398
spotted the retard. Vechain will have 101 nodes that are run by the biggest businesses using the network, vetted and KYC'd by Vechain themselves to ensure network stability.

>> No.8828947

>>8828857
Which alts are trying to BE value?

>> No.8829034

>>8827192

yeah keep dreaming. LV will just insider trade and make a quick pump and dump with Sunny Lu, he used to work for them. fucking chink scam. i sued to believe in this coin till the hyper marketing and shady pump and dump trading became obvious.

If this were any other market sunny lu would be in jail for using that CCK

>> No.8829176

>>8828929
the token is not the blockchain. The token is a value stored on the blockchain.

What is the purpose of the token itself, and why should it be worth anything or used for anything if vechain, a centralized company, takes payment for it's services in fiat?

>>8828947
Arguably XRP, XLM, BCH, LTC, DASH, XMR, ZEC, XVG, DCR, BTG, DOGE, PIVX, DGB, MONA, KMD, SYS, VTC - though I think most of those are shitcoins

>> No.8829206

>>8829176
They don’t take payment for services in fiat, knumbskull.. they take it in THOR. Where and how you get your THOR is up to your needs and budget.

>> No.8829226

>>8829176
This whole post is retarded. Vechain is a not for profit foundation and takes no payment.
>what is the purpose of the toke itself
you can't have a public blockchain without monetary incentive to run a node. Do you know anything about this tech? Clearly not.

>> No.8829265

>>8828277
... or, they were forced to if they wanted to do business in China. *cough*

>> No.8829802

>>8829206
They do take it in THOR but VeChain and DNV GL said that businesses might not want to bother with exchanges so they’d pay a middleman like DNV GL in fiat to purchase the Thor for them.

>> No.8829980

VETerans, REMEMBER SUNNY’S RETWEET OF “$4.88 is a damn good buying opp?” WELL IT’S BELOW $4.88 NOW SO BUY UP BEFORE IT’S TOO LATE

>> No.8830065

>>8829980
If you still can’t see pass the marketing bullshit hype and “believe in VeChain,” you’re a desperate bagholder.

>> No.8830091

>>8827516

Considering LV has been nigger tier since they jumped off Hilfiger I'm gonna say most of /Biz/ doesn't shop there.

The rest of your point still stands though-

>> No.8830184

>>8829980
Bags are full. Targets sir

>> No.8830221

>>8828150
When people actively go out of their way to bring it down instead of shilling you their brand of pajeet bags you know its something important

>> No.8830233

>>8828497
Chainlink

>> No.8830258

>>8829802
Right, 3rd party THOR vendors will have to exist, not everyone will be able to afford to buy it on the local market, nor want to. Not everyone will be able to afford to generate enough THOR for their needs. They’ll make deals with 3rd party vendors.

Why not become one yourself?

>> No.8830267

>>8830184
$375 EOY

>> No.8830327

>>8828398
this is the dumbest fucking shit I've ever read

VeChain is a nonprofit. Instead of shareholders taking a fat cut of their profits, it goes to nodeholders. Companies are actually saving more money paying out to NEETs then they would be if VeChain took the payment directly.

Why the fuck do faggots on a cambodian basket weaving image board think they know more than hundreds of people infinitely more accomplished than you, who get paid to work on this shit all fucking day?

The VeChain executives are primarily paid in VEN, and they have a 2 year lockup. That should tell you enough
>>8828184

>> No.8830335

Something to think about. louis vuitton is one of the luxury brands where spotting a fake is really fucking hard. Vechain would absolutly benefit this company. There are so many ghetto bitches and niggers that have bags and wallets but you really can not tell them apart from the real thing.

>> No.8830339

The cross-section of brand-loving idiots who can use and understand blockchain tech is very small and probably located solely in NY or ome such cesspool

This is the single most retarded usecase I've ever read for any project ever

>> No.8830400

>>8830339
Must be why the most respected tech billionaires in the biz are investing in Vechain. You are smarter than them.

>> No.8830415

>>8830335
>ripoffs are the same quality as the original

That just means there's nothing special about them, wtf is wrong with the retards in this thread omfg

You don't even need a fucking blockchain for this shit, you could just gve each bag a serial number on a fucking rentaserver

>> No.8830443

It's not a partnership you dumb faggots, they just entered their startup program which is nothing more than a marketing show hosted by Louis Vuitton. You cucks are getting chinked so hard this is hilarious.

>> No.8830459

>>8827620
Yeah, its centralized through API.

>> No.8830473

>>8830400
Should I also go cook my soul because billionaires do that? Even rich cunts fall for pyramid schemes just ask Bernie Maddoff

>> No.8830475

>>8830339
VETerans think their proof-of-authority will kill eth

>> No.8830487

>>8830415
fuck anon, you've done it, you've figured it out. what dnvgl, pwc, breyer capital, guggenheim partners and the likes could not.
my god we have ourselves a genius in our midst

>> No.8830556

>>8830415
no shit there is nothing special about luxury hand bags and wallets. Doesn't mean people won't drop 5 grand on that shit. God your a dumb faggot.

>> No.8830559

>>8830335
I'm annoyed by VeChain's marketing tactics as much as anyone else, but the anons acting like there's no need for VeChain are retarded.
High-end brands like Louis Vuitton or Chanel lose billions in revenue to the counterfeit market, plus it makes their brands look shitty when any peasant off the street is walking around with a $300 replica. Plus serial numbers can be faked.

>> No.8830591

>>8830415
I work with rich cunts all day, they absolutely care about this shit. As a matter of fact, status symbols are all that matters to them.

>> No.8830593

>>8830415
I went to a big mall in Orlando a few months ago and there was a Fucking Line with a bouncer full of niggers waiting to go spend money on LV and other luxury name brand bullshit. Just because you don't like something doesn't mean the market isn't real.

>> No.8830660

Not one retard managed to answer the question:

Why use a blockchain where a simple serial number would suffice?

You can't, because this shit is just a vanity blockchain without actual use cases and you'reall a bunch of pajeets

>> No.8830690

>>8830660
You already got told faggot, serial numbers can be easily faked

>> No.8830715

>>8830660
Can be fake and also they still need to reference back to some database which isn't immutable like block chain

>> No.8830858

>>8830660
stop trying be edgy by asking "Deep questions"

you're a faggot doing nothing with his life shitposting on 4chan. Should we listen to you or the infinitely more accomplished people behind this project?

>> No.8830872

>>8830591
This thread tells me one thing, no one on this board fucks with expensive hoes.

>> No.8830893

>>8830473

Sorry you got into Bitconnect. Vechain is not for you if you hate the most legitimate investment in crypto by a kessel run.

>> No.8831033

Been keeping this one to myself as I accumulate, but I am an Aircraft Engineer - look into Suspect Bogus Parts in the industry, VeChain is a game changer and will make me rich enough to buy my own Jet, don’t miss out.

>> No.8831137

>>8831033
Interesting, thanks.

>> No.8831165

It doesn't matter how good a coin/stock/company is if you buy at the top...

>> No.8831213

>>8831033

I met with a financial advisor for planning the other day and he told me this is the token to own for the next 2 years.

>> No.8831249
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8831249

>>8827192
DELETE THIS I'M STILL ACCUMULATING