CI,
I dont think many will think you're bashing VeChain,you actually explained why you dont believe it's an improvement over an existing technology.
(I'll be going to China in a few weeks for a business conference,so ill be looking for a few of these companies out there to see what they are about on my own.)
Today there was a big discussion about BTC's drop in our conference room after a meeting..
Funniest part was having me having to tell my interns to relax when one of the partners called BTC a "unstable,unusable" asset.
(One of the other partners calls it "Technical Gold"as the comparison how Gold is to the regular markets...he supports BTC)
When we had lunch , i had to explain to my interns & 2 of our younger associates .. there is a big reason one of the partners said that.
New technology scares those not used to it or not willing to accept it.
Ever try teaching your mother or grandparents how to use a smartphone?
Look around at your job,there are people who don't welcome technology in regards to adapting to it.
They are set in their ways...and that's that.
Hence why i can see companies just rebranding old technologies into "new" ones....as a point of being accepted faster by the establishment.
Back to the VeChain,i agree with you because of people like above mentioned partner...would welcome something like that because he knows RIFD.
And it seems companies are doing what they did back in the DotCom era...slap .COM on it...say it will revolutionize the internets!
Just substitute block chain where .COM is.
Lipstick on a pig?
Absolutely not,VeChain at least is bringing alot of partners aboard to show it is a legitimate company people believe in.
Unlike many Altcoins ....it has value.
(BTW To everyone do yourselves a favor ,research your investments...dont follow people into whatever's "HOT" at the moment.
Read the whitepaper...look it up...dont just invest into "potential " technologies.
AND NEVER invest in lending programs (DavorCoin/ThornCoin) ..it wont end pretty)
But hence why i believe this market is the new version of the Pink Sheets.
Im still awaiting LAMBOCoin, ( im tempted to do it as a social experiment,create it...as the new version of Dogecoin)
I digress , today from work...i get the feeling that this market is getting an influx of stock market traders because the markets are somewhat slowing down last few weeks.
Not much money to be made in the regular markets....so they jump into this volatile fray.
It would explain moreso the volume spikes when BTC drops.
Makes total sense.
( Posting on smartphone isn't easy...my apologies for being all over the place)
Excellent video as always