FUCK THESE CHINKS

[Anonymous No.9490994]

SO THEYRE INCREASING THE SUPPLY FROM 1 BILLION TO 100 BILLION?!

How the FUCK do they think thats a good idea....
Am about to sell my 21,000 stack...

its a
>100x more but 100x cheaper sort of thing

It is losing all moon potential, sure we're all going to have fat stacks of vechain now and it will be easier to buy in, but there wont be a moon if its a 100 billion supply..

[Anonymous No.9491007]

>>9490994
FUCKING CHINKS THINK CRYPTO IS YUAN

[Anonymous No.9491019]

lol absolutely CHINKED

[Anonymous No.9491045]

If i held my 21,000 stack rn until main net
it would turn into 21,000x100 = 2,100,000 ven.
It will also decrease in price x 100

You will still have the same amount of money, but it will be scaled down 100x and your amount of ven scaled up 100x

[Anonymous No.9491062]

What’s more likely when normies fomo in $100 VEN or $1 VET. The trx effect here where market cap don’t mean shit, it’s a brilliant move

[Anonymous No.9491074]

the absolute state of VEN bagholders

[Anonymous No.9491116]

actually genius move lmao. Ur gonna get so much free money. U will have 21million vet. The price of ven rn is 4 dollar each for 21,000. If the price of vet is anything over .04 cent per vet when you have 21million of em you will be making bank

[Anonymous No.9491136]

>>9491116
>21 million vet...

21,000 x 100 is 2.1m ven not 21m

[Anonymous No.9491154]

>>9490994
I am neutral to bearish on this. I don't see the current price as an obstacle to either institutional or retail investors so, therefore, I don't see a reason to do a 1-100 split on main net launch. Their whitepaper better release some solid numbers and arguments about why they are doing this split.

[Anonymous No.9491183]

>>9491154
fairly certain this came about as a result of their oxford connection which was solely intended to use their brains to think about shit like this

[Anonymous No.9491191]

>>9491074
why the fuck are people comparing it with eth?
that was never it's purpose, 3 months ago VEN was about RFID blockchain or some shit, TRX completely changed their purpose too
are people this gullible?

[Anonymous No.9491209]

>>9491191
DONT BUY THIS

[Anonymous No.9492318]

>>9491154
>solid numbers
Bro you suck at pattern recognition. It's been almost all exaggerated advertising so far and little to no numbers or details. Don't assume it'll be different this time.

[Anonymous No.9492386]

I'm not quite sure how I feel about this yet. On one hand I can see how it could create that tron/ripple effect where the cost is so low normies pump it like crazy, but on the other hand I wouldn't want them to make such a drastic change for that reason alone.

[Anonymous No.9492406]

>>9490994
so it's a share split? what the fuck is the problem

[Anonymous No.9492435]

Also daily reminder that DNV GL, Breyer, Draper, etc. hold equity and you don't

[Anonymous No.9492464]

>tfw when normies got tricked into holding their x nodes
>tfw when the chinks win again
>tfw when chinks will rule the world in 20 years

[Anonymous No.9492498]

>>9490994
Nice I didn’t invest in this shit

[Anonymous No.9492509]

Brainlet here
Whats the point of the split?

[Anonymous No.9492634]

>>9492318
"Muh Whitepaper" is getting released in the next 48 hours - I don't think it's unrealistic to assume a more technical explanation of their reasonings on the 1-100 split. It might even give some insight into the cost and number of transactions at the launch of mainnet but that might be asking too much.

[Anonymous No.9492655]

>>9492509
Their explanation was that the levels of adoption are higher than expected, so they'd like to increase the supply so companies are dealing with more whole numbers instead of fractions.
According to the speech today, they have some 250 companies in the adoption pipeline.

[Anonymous No.9492665]

>>9492634

>herro round eye, me give white paper now. you see fancy formurra. is very good round eye. VET only few cent round eye, very good. you buy now!!!

[Anonymous No.9492673]

>>9492634
>that might be asking too much.
https://en.wikipedia.org/wiki/Stockholm_syndrome

[Anonymous No.9492749]

>>9492655
>so companies are dealing with more whole numbers instead of fractions.
Sounds like a solution to a nonexistent problem, but I trust VeChain.

[Anonymous No.9492784]

>>9492749
It makes sense when you put it in the context of pitching your platform to non-techy execs.

>you will need 1 coin to track your product

Sounds a lot better than

>you will need 0.000148 coins to track your product

[Anonymous No.9492789]

>>9490994
Link?

[Anonymous No.9492853]

>>9492784
I really have a hard time believing that. If that really turns out to be their rationale, what happens when that coin increases in value? Are they going to do a 1-2 split every time VET goes from 1 cent to 2 cents?

[Anonymous No.9492889]

>>9492784
I don't think execs care about that level of detail but sure. Stock split is the least of concerns.

[Anonymous No.9492922]

>>9492853
Well, since they are going 100x the first time, we'd have to see 100x market cap increase just to get back to where we are now, which is a point where we don't even have a problem quite yet.
Unlikely we will ever see it become necessary again.

[Anonymous No.9492956]

This is amazing news for VEN you retards. Now VEN gets to join the low price shitcoin pump up there with TRX and XRP.

Say what you will about Shady Lu, but he has VENTARDS best interests in mind. He sees what the market likes (Supply chain not working, how about DAPPS?) and changes Ven to copy that, thereby increasing price.

[Anonymous No.9493023]

You VeChain fans don’t even see yourself as investors anymore. You’re more like willing participants. It’s honestly quite sad and disturbing to see the crowd get filtered down to this state.

[Anonymous No.9493377]

Rumor is true. We have exit scammed and bought islands in South China Sea.

[Anonymous No.9493726]

>>9490994
This literally changes nothing lol and the fact that there are retards on this board who think that it does says a lot about the average bizraeli iq

[Anonymous No.9493761]

>>9492956
this. you utter spastics dont realise that this is a 1:100 "airdrop".

[Anonymous No.9493792]

>>9493726
The only thing this shows me is their confidence that we will see $1 VET ($100 VEN)

[Anonymous No.9493833]

This is so exciting. I normally do not get overly wrapped up in price, but think of the change in psychological commitment to purchase VET. You currently have to pay ~$4.00 to purchase a single VEN token. At mainnet launch, that price theoretically decreases to $0.04 per VET at the same market cap.

Unbelievable news. I mean we are basically taking the strategy of the shitcoins (Tron, Verge, etc.), and implementing it into a blockchain project that has massive partnerships and use cases throughout the entire world.

Incredible!

[Anonymous No.9493901]

DONT BUY THIS DONT GET CHINKED WATCH THE CHINA HUSTLE

[Anonymous No.9494009]

Laowai is a faggot

>Lowering the token value is good because it brings in crypto trash like TRX

lol these fucking chinks think they can flip ETH with their chinkcoin.

Hahahahaha

[Anonymous No.9494080]

>>9492655
That is true, and a good fundamental explanation

[Anonymous No.9494123]

I thought this was a joke.
I'm sorry, this is a huge scam coin, genuinely.
They change their whitepaper terms on a complete whim and this time its solely to moneygrab
I know perfectly whose idea this was too
If you are still in this then, gg.

[Anonymous No.9494189]

>>9494080
>companies will need 100,000 ven instead of 1000 ven, whole numbers, very wow much innovation

[Anonymous No.9494416]

>>9491045
How is this so hard for people to comprehend? When ripple went from 17 cents to $2 it was also a huge moon even though the supply is 40 billion. You can divide these coins as much as you want and the result is exactly the same. That's like saying satoshis can't moon but Bitcoin can....

[Anonymous No.9494490]

There is statistical evidence on something like penny stock effect: coins with small face value grew their marketcap more than more 'expensive' coins after controlling the starting level marketcap. I see if I can manage to dig up the source.
This is great shitcoin tactics, I agree with that.

[Anonymous No.9494591]

I can't wait the main net to launch. This shit is going down so hard lol. The evidence speaks for itself. Poorly written "technical documents", token economics "developed" by "oxford" that change every month. Lol I bet even DNV GL and especially their customers who are forced to use this shit have no idea how it's gonna work out. But who cares about running a real business kek.

[Anonymous No.9494639]

DONT YOU FUCKING SELL

[Anonymous No.9494733]

that's a bit of a red flag, not because it's a bad move for token holders but because it seems like they are using all marketing tactics possible just to create new buyers, and not providing any actual details of ecosystem while big players like dnvgl are investing by buying stake in the company and not tokens

[Anonymous No.9494760]

>>9494733
So VeChain is a company and not a Foundation. Fucking Kek

[Anonymous No.9494772]

>>9492464
>they got them to stake their x nodes before dropping this news
holy fuck, I would be shooting chinks on sight in the street if I had fallen for this shit

[Anonymous No.9494774]

>>9490994
How is this a bad thing lol

[Anonymous No.9494800]

>>9490994
You VEN fags should lose your money, you invested in a scam! Its your own fault for supporting the scam

[Anonymous No.9494804]

>>9492406
retards are the problem

[Anonymous No.9494808]

IDK the more I think about it the better it becomes, normans are scared by coins that cost over a dollar each. This trick might rope in a few hundred more million dollars worth of 'investment', then I could finally dump this shit

[Anonymous No.9494825]

Don't care what the reason was
This is a shady pump , hype tactic
You damn well know it
I sold this shit a month ago due to biz FUD
Thank god i'm not a brainlet and know some FUD is very helpful

I also bought during the shilling and swing traded it as i do all coins. So i made some profit

>He is holding till chink nodes are in use
*Breathes in*

[Anonymous No.9494849]

>>9494733
holy shit. details are fucking BORING and cause losses at this stage of the market. the most technically impressive chinese chain (btm) is never even fucking mentioned in biz.
these massive companies aren't going to partner with a pump & dump. There's been so many partnerships announced that people are numb to it and even forget about entities like Kuehne + Nagel

[Anonymous No.9494865]

>>9494808
Norman companies are scared by having to use fractions of coins (thor) right from the beginning. Sue them for being more popular than they anticipated

[Anonymous No.9494916]

vet is 20% of ven -> if ven = 10$ , vet = 2$

[Anonymous No.9494963]

>>9494760
there are 2, non profit foundation that overwatches the blockchain and assigns rights to being authority node
and a for profit company that will sell dapps, RFID tags, assistance services etc., that is the company that jim breyer and dnvgl invested in

[Anonymous No.9494983]

wow that's troubling

if i knew they were going to do anything like this, i don't think i would buy this coin

[Anonymous No.9495005]

>>9494983
why does it matter? you simply fucking hate money if you don't buy this coin

[Anonymous No.9495129]

>>9495005
it's fckn retarted money, that buy tronix level coins, ffs

[Anonymous No.9495334]

lmaooo @ paid pajeets using this as fud...at worst this change will attract more normies and increase the price. Why are u pajeets pretending this is a bad thing?

[Anonymous No.9495854]

what's the problem here?
>zero's out
>makes no difference to the value you hold
>only attracts more 12 y.o anons to buy in
actually a smart fuckin move

[Anonymous No.9495886]

what happens to the coins i bought for 9 dollar!! FUCKING CHINK SCAM

[Anonymous No.9495889]

I’d like to say I’m shocked at how many people on here don’t know what a stock split is but this is biz. A board full of street shitters and fucking idiots. I am not surprised.

[Anonymous No.9495910]

100 billion supply to track wine

[Anonymous No.9495927]

thank god I sold my bags at a profit, who the fuck pulls this shit right before mainnet

[Anonymous No.9495939]

>>9491074
>comparing a wine tracker with a decentralized global supercomputer
Kek. Absolutely retarded.

[Anonymous No.9495946]

going to sell my stack with a great loss but i dont care dont want this chinkscam coin anymore

[Anonymous No.9495976]

>>9495946
hopefully it's an x node, not enough of those have left yet

[Anonymous No.9495978]

HAHAHAHA BREYERE'D LMAO I USE TO SHILL THIS SHITCOIN

[Anonymous No.9496006]

>>9495946
ITT
>chink scam
>selling my stack cus of this
>stack
>100 VEN

[Anonymous No.9496075]

Y'all fucks got chink'd! You'd think you would have learned your lesson by now with WTC or TRX. You fags will never learn!

[Anonymous No.9496122]

Maybe "Oxford" could not handle decimal numbers and decided to multiply everything by 100. Their study on token economics is very impressive and has no match in academia kek

CHINKED!

[Anonymous No.9496200]

Only /biz/ could FUD a brilliant marketing move.

[Anonymous No.9496306]

I see a pattern with these chinese coins. There is absolutely nothing they won't say or do to pump their token's price. If only they would put this effort towards amazing tech, or develop a market..
Even with a few real partmerships, VEN goes out of their way to make this look like a scam.

[Anonymous No.9496349]

>>9496306
https://www.youtube.com/watch?v=PsI_RQLX884&feature=youtu.be&t=22689
>tokenized
>digitalized
>contribulized
>blochainized
I wonder why those tickets were only $2000 dollars because this stuff is priceless, like real r/buttcoin/ level bullshit

[Anonymous No.9496392]

>>9496349
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

[Anonymous No.9496402]

>>9496306
It's actually a good thing that VEN has some people convinced it's a scam. It has remained vastly under-priced in comparison to projects that have absolutely no product or partnerships of any kind, which has allowed us to buy more of it.

When it eventually moons, people are going to look back and wonder why they ever thought PWC or DNV GL would publicly associate themselves with a scam (let alone partner with). I don't know how anyone believes the FUD anymore but it will be their loss.

[Anonymous No.9496431]

>>9492665
kek

[Anonymous No.9496483]

>>9490994
Uh.. so this means I can get cheap vchain? When are they increaseing supply?

[Anonymous No.9496556]

>>9496483
1 VEN = 100 VET come mainnet launch
Price of VET will also be divided by 100.

If you buy 1 VEN now for $4, when mainnet launches you will have 100 VET still worth $4 total or $0.04 each.

[Anonymous No.9496653]

>>9496402
It's solely entertainment for me now while I'm still accumulating kek

[Anonymous No.9496983]

> fiat is eating muh savings due to goverments printing money
> crypto creates 100x the supply from thin air
the absolute state of cryptards

[Anonymous No.9497047]

>>9496983
do you know what a stock split is

[Anonymous No.9497306]

>>9495939
>Global supercomputer
>Glorified token generator

[Anonymous No.9497560]

>>9496983
This pajeet cant be serious, someone please tell me he is joking

[Anonymous No.9497985]

>>9496556
You fucktards are overlooking one of the best parts of this split. the Vet to thor generation just went 100x too.

[Anonymous No.9498205]

>>9497985
It doesn't matter how many THOR you are generating, what matters is what it's worth. The value of THOR just decreased by 100x.

Anyway....I don't get this at all. Why split? The reasoning for a traditional stock split would be when a share increases in value significantly over comparable stocks and becomes too expensive. The split is just designed to make it seem more affordable and encourage in smaller amounts.
VEN is only $4, it doesn't make any sense. I see it as a money grab to be honest. They was low price shitcoin status like TRX because they are selling this to crypto moon kids...It seems like that's always been their target market.

[Anonymous No.9498219]

>>9498205
*encourage trading

[Anonymous No.9498255]

>>9490994
Since existing stacks get multiplied by 100x, this is objectively better because normies are biased towards coins that are cheap per unit. It just feels better to own 50k of something vs 500 of something

[Anonymous No.9498278]

all the dumbfuck pajeets right now

[Anonymous No.9498305]

>>9498205
to help get rid of fractional transaction amounts
businesses don't like working with fractions and long 0.0000 decimal amounts

[Anonymous No.9498375]

ITT: FUD

[Anonymous No.9498573]

>>9495005
HURR I FUCKING LOVE CENTRALIZED BANKING PLEASE FUCK MY ASS DADDY MONEY Printer. You fucking nigger sell all your crypto now you don't deserve to be here

[Anonymous No.9498613]

>>9494591
Yes anon, you're much smarter than DNV-GL, PwC, Jim Breyer, and Tim Draper among others. Thank you for your comment, I hope those brainlet billionaires read it and recognize your obvious investment knowledge superiority.

[Anonymous No.9498655]

>>9498573
this your first time on an anonymous board isn't it?
i can tell you're so relieved you can say nigger without mom knowing

[EOSfag2 !OhfZhoKCMo No.9498671]

>>9490994
absolute state of /biz/ don't understand simple concepts like market cap

[Anonymous No.9498740]

>>9498573
You know this is not printing money right? Of course someone who randomly calls people ''nigger" is so dumb they don't see the difference

[Anonymous No.9498761]

>>9490994

I remember yesterday some anon says that amount of fud is fucking unbelievable
and then he said that something big is coming, he was right

[Anonymous No.9498767]

>>9493726

Yes it does idiot. You are too blue pilled on crypto. Look at bigger picture.

Shady Lu changes his coin to fit whatever is Fotm. They hype every partnership, have shifty markting with CCK and insider trading and now they are changing token dynamics tonfit with shitcoins that moon due to being bloated and normies thinking they are cheap.

It signifies that they care more about making idiots buy and speculate than they do in delivering any real product.

[Anonymous No.9498786]

>>9498767
>It signifies that they care more about making idiots buy and speculate than they do in delivering any real product.

Oh noes, they only care about pumping my tokens. What will I do, what will I DO?

[Anonymous No.9498807]

15 ICOs 100% confirmed already for VeChain platform.

[EOSfag2 !OhfZhoKCMo No.9498835]

>>9498767
You're correct in that certain people will think "it's cheap because the price for 1 coin is tiny", so that's probably going to have a positive effect on the price.

There might be another reason behind the change, could have something to do with how much many decimals are possible on the protocol. By 100x, you allow 2 more decimals. Though less likely this is the case

[Anonymous No.9498840]

>>9498767
yeah cool
that's not what a company worth $25bn thinks
that's not what a company with a revenue of $19.5bn thinks
that's not what a top 4 company with revenue of $37.7bn thinks
that's not what a multibillionaire VC with the 2nd largest amount of FB shares thinks

i wonder who's more informed about what vechain care about

[Anonymous No.9498848]

>>9498786

Listen reddit faggot. I never said dont invest. Chink exit scams are the best way to make money in crypto. You simply dont fucking hold them long term. Take profit find the next.

I purchased ven in november and made
My 20x on it. Wont touch it again. I found a new chink scam that hasnt mooned yet that will attract similar noobs. Then i sell and repeat.

[Anonymous No.9498852]

When we look at BTC we only see a circulation of 17,000,000 BTC. Whereas VEN already has 873,378,673 tokens. This makes it seem like there is a lot more VEN to be traded than there is BTC. Now the foundation has decided to increase this - already great number - by 100. To some this seems like pointless dilution of the token. These numbers, however, are greatly misleading. BTC can be split up to 8 decimals, VEN cannot. If we compare VEN and BTC by the total number of tradable units, a different picture is shown:

BTC: 1,700,000,000,000,000
VEN: 0,000,000,873,378,673

This means that the total amount of potentially tradable units of VEN (currently) is roughly 0,00000513% of the total number of tradable BTC units. 9 BTC consists of more tradable units than the entire supply of VEN. BTC has been able to grow and flourish because of this giant amount of tradable units. If BTC were only sold in single units few people would able, and willing, to purchase it at its current price.

In this regard it makes sense to increase the total number of VEN tokens by 100. It makes the token more easily traded, and gives companies/investors more freedom to tailor their investment to their (Thor) needs. This gets more and more important as the blockchain usage grows (and the price).

[Anonymous No.9498856]

TRX is unironically less of a scam than Walton and VEN.

[Anonymous No.9498877]

>>9498840

Facts are bag holders think this way. Anyone who purchases and made their 10 or 20x doesnt care about ven or sold.

>hes waiting for another 10x on a 2.5b market cap in a reasonable time frame.

As said chink scams are best money makers but dont get married to them or you lose

[Anonymous No.9498885]

>>9498848
Send proof and I’ll give you 50$ in anything you’d like

So sick and tired of every single person who fuds ven claims to have bought the bottom and sold the top lmao get a grip

[Anonymous No.9498886]

>>9498848
Fusion?

[Anonymous No.9498904]

>>9498885

I did not sell the top. I sold rebrand. Thought it had more gas to milk ppl but the cringe “the rumor is true” made
Me sell my whole stack. Part of that huge red candle.

Its impossible to sell the top idiot. I ourchased at 4k sats aold
At 60k.

[Anonymous No.9498911]

>>9498904
Ok shoot me some proof there bud

[Anonymous No.9498917]

>>9498886

Actually yes. Well done finding it early anon.

[Anonymous No.9498929]

>>9498911

Im not home. I have screen cap moving 13k to binance to sell around rebrand on my home computer. If thread is not dead in 2 hours i’ll show

[Anonymous No.9498930]

>>9498877
i'll still be in profit sub $1
mcap meme kek
>BTC will never be $10
>BTC will never be $100
>BTC will never be $1000
>BTC will never be $10,000

>ETH will never be $10
>ETH will never be $100
>ETH will never be $1000

what do either of those do in the real world again?

[Anonymous No.9499567]

you know what's the greatest thing about it ? In good market conditions, they can x100 the supply and no one would give a fuck. I mean it would drop, but not exactly by factor of 100 to sustain the previous price. This way we could lend in top 3 overnight and normies will buy the fuck out of it, creating a lot of support on already overpriced levels. It's a genius move actually.
Remember how they almost doubled the circulating suppply a few months ago and the price didn't change at all ? That's exactly the same.

[Anonymous No.9499602]

>>9491045
This people are stupid.

[Anonymous No.9499619]

>>9498852
the absolute state of VEN cope

[Anonymous No.9499642]

CHING CHANG CHONG IF YOU BUY VEN TOKEN YOU ARE WRONG

[Anonymous No.9499696]

I guess the rumors were true huh? Sunny really is shady

[Anonymous No.9499717]

>>9491074

*inhales*

AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH

[Anonymous No.9499733]

>>9499717
Except it’s already the most used blockchain in the world with more partnerships then the top 10 crypto combined? Try not being retarded anon

[Anonymous No.9499746]

>>9498917

He looks like a super intelligent alien life form

[Anonymous No.9499771]

>>9499717
why you laughing bro
he's ABSOLUTELY CONFIDENT
you doubt a random internet dude's ABSOLUTE confidence? you're not gonna make it anon

[Anonymous No.9499940]

>>9499733
>Except it’s already the most used blockchain in the world
Ehm anon, the main net has not even launched yet and the current erc20 is definitely not used for anything else than market speculation. But if lies makes VEN look good, I think you have have hold these chink coins too long.

[Anonymous No.9499994]

Daily reminder that DNV GL, PwC, Breyer, etc hold equities and you don't.

[Anonymous No.9500022]

>>9499994
kek. vetards are jumping for joy being led to a chink slaughter house.

[Anonymous No.9500056]

>>9500022
>chink slaughterhouse


Gonna use this one lmao

[Anonymous No.9500076]

>>9500022

Pic related Ven holders in Q3 of the roadmap

[Anonymous No.9500093]

>>9500076
There must be RFID chips on those round eyes. You Bai Nao. China numba wahn

[Anonymous No.9500141]

>>9499940
>He doesnt know, dont tell him guys

[Anonymous No.9500143]

>>9500076
in soviet china the bags are you

[Anonymous No.9500570]

Ask yourself how well thought out their tech is when just now they realize they need 100x the number of coins...