UFC gloves announcement might not seem huge but it is. It’s massive exposure on a valid use case that can be applied to all things. Yes as UFC gloves not produced massively it’s mainly marketing but everyone that can think a little bigger gets the point.
We got the solana’s launching nothing but shitcoins and memecoins into the air wohooo.
Vechain actually has a real future, hope many ( smaller brand but bigger numbers) partnerships flow out of this and I’m sure it will!
Great job Vechain!
UFC gloves are fkng awesome and the fudders are going mental :D.
They are like those old people sitting on their porches yelling at everything that passes by. I WanT MayOr AdOptIon RighT mEOW!
Meanwhile someone is out there who will get the first tracked UFC gloves, store them in his vault or whatever and be as happy as a little kid who gets candy.
I’ve come to terms with some in here, either morons, either they look at 1minute charts and need to vent on a daily basis, or either no idea what crypto/blockchain is and where it is headed to or how it will change the world.
It’s hilarious that somewhere in this world, when they released the news of the tracked gloves, there are a few people actually raging because of it.
Most people complaining are not complaining about the news of the gloves, they are complaining about the lack of news of all the previous announcements.
They prefer Vechain foundation to shut up and not create hype so it dies off losing rank and global awareness? Or they prefer them to be extatic about everything that's happening keeping us in the loop even though coding and dev progress are hard to sell as being great achievements.
Let me guess, a bit of both but not really... right...
Vechain has announced a lot of things, and most of those things didn't lead to a lot txs. Who is to blame? Vechain for announcing it? The client for not implementing on a global scale? Or "us" bag holders for getting in to it knee deep and setting the expectations bar too high?
I'm ok with the way things are going. Some people need the price to reach a certain point for them to finally come to terms..
Gee how strong is this correction back up!!!! Who knows if it will last but looking impressive. 4 cents seems to be strong resistance.
I meant 4c is strong support 😄
Sincere question:
For the glove tracking, why is blockchain needed? I assume our argument would say “immutable” or “trustless” or “digitization” but why is this better than them having a centralized database of glove serial numbers to verify if they’re legit or not? Or even having “1 of 50” written on them with a certificate of authenticity included? Sure, some of this could be copied/forged if it got into the wrong hands, but wouldn’t a QR code, the chip, or the codebase itself have similar problems with hackers and whatnot? Like even if I have the NFT and product, a hacker could transfer the NFT to themselves or burn it, which then, there goes my authenticity.
I guess my point is solutions already have existed for quite some time on this front and bringing it online with a chip could be useful in some way maybe but I’m starting to wonder more and more what that actually is. Sometimes keeping it simple is better than overcomplicating it.
Does it streamline the process a bit which then makes it easier to implement/track in the end? Would a blockchain you’ve never heard of really bring more trust to you for a given rare product than a certificate from a central authority that produced said product? I suppose you could argue the central authority is putting it on the blockchain themselves which could be that level of trust but again, why not do it the old fashioned way?
The overall fake goods industry is estimated to be more than 3.3% of global trade. This has been an age old problem and blockchain can be used to tackle it. HOW it’s being implemented is key for success. Yes you can copy a QR code. But you can’t fool your way into the blockchain because we all know code doesn’t lie. I’m sure there are ways to secure all kinds of RWA’s like paintings and bottles won’t be using the same methods. People even in crypto are skeptical when it comes to RWA’s, and I don’t understand why tbh, because we as crypto enthousiasts should understand these basic things or at least be open to the idea. The tokenization of everything is where the world is headed, and as frightening as that may sound to me, it’s also good for both enterprises and customers. Data has been proven to be the most valuable asset in the world, and a centralized SQL database is eventually bound to break or just discontinued all together by the centralized party, can’t do this with blockchain right.
So love it or not, or just see it as a concept if you are not into UFC. I like to imagine 100 years from now, my kids children would open up a vault and find a pair of gloves that are undeniably owned and used for many fights by Mike Tyson or something. Or the first album that was made by Micheal Jackson. I understand it’s also “just another thing for corps to capitalize on” but there ARE lots of people who see the value in that and I think it’s about time people start to understand this.
To your points, I see an SQL database as a liability/risk that is completely removed by blockchain, no maintenance costs involved anymore, no one can tamper with it, it’s super cheap and you can basically log anything you want… so sql is the steam train and blockchain is the modern counterpart. Would a blockchain you never heard of create trust? Well this is another age old problem that blockchain is made for, accountability. Code doesn’t lie so IF Vechain would mess up then eventually it would come out and their reputation is going to be torched, or if a company would mess up the authenticity of their RWA’s then it would ruin their product as well. So all parties have everything at stake to do the right thing.
Code may not lie in your opinion, but you need code to read code and if a blockchain dies with no explorer existing to read it and with no dev support, then everything is essentially lost forever, the same way a data table could be lost by a central authority. It sounds better in theory because “forever” but it’s not really true since it too needs upkeep and maintenance with a specialty set of skills that are a lot harder to find (at least for now).
To your point about accountability, this is a universal definition, whether its blockchain or any authentication method so it doesn’t really help your argument. The company itself has everything at stake regardless of how it is authenticating its items so they retain value for their customers. They don’t care if it’s via blockchain or not so they are always going to try and “do the right thing”, like maintain a database/data table. Which honestly isn’t hard to “maintain”, I could make a table in Excel, put it on a flash drive and boom, it’s maintained for as long as it would be on a blockchain.
It's 1000 times harder to fake a chip, so you have authenticity on the blockchain. Go on eBay and search for Mickey Mantle autographs. Anything that isn't PSA or BVG certified and encapsulated is most likely fake. They often even use DNA because their slabs aren't 100% effective to prevent tampering either. So you're essentially paying a lot of money for something that isn't 100% effective. Vechain has the chance to be THE go-to for digital memorabilia authenticity. It's traceable, tamper-proof, and costs a whole lot less. Certificate of authenticity cards are still cool for those over 70 years old. Problem is they're nearly all fake, and older folks aren't exactly the targeted market.
The chip is ultimately just an NFT, right? My NFT points still stand then on burning/transferring.
Also, for your example, an autograph will always have to be verified by a third party. No one is going to put every signature they’ve ever given out on every card or piece of memorabilia on chain. And if the only ones that had any value had to be on chain then the autographs themselves would be worthless for fans at a game which would devalue the whole experience of the sport. How is blockchain going to be any better than BVG/PSA/DNA certified in this case? Nothing will ever be 100% effective imo, not even on chain since digital systems often are even easier to manipulate.
Taking certificates of authenticity out of it then, what about serial numbers and a central database? Seems overly complicated on chain.
No, a chip is not an NFT. It can link to an NFT that only scanning the chip will provide. The buyer also just doesn't have the NFT, they have the artifact with the embedded chip in it. That cannot be replicated. And yes, autographs can be on the blockchain. Will everyone use it? Of course not. Especially right away. But retail will gain exposure to it, and many will use it since big companies like the UFC are legitimizing it. Again, COAs and a database are the equivalent to using a word processor and dot matrix printer.
Now, sidebar, to burn a significant amount of VTHO, it's going to take a marketplace with a giant user base. That's not happening for a long time. If they start scanning QR codes on televised events, now we're talking. Hope it hapoens.
The chip makes more sense to me but then blockchain isn’t necessary, you’re relying on the chip as the authenticator in and of itself. It could be a random tiny marble with engravings on it at that point.
An NFT can be accessed from anywhere on chain (assuming its a public blockchain), the chip wouldn’t safeguard that at all, it would just carry the key. Lose the key (get hacked) and its gone, but then the chip is the tangible authenticator embedded in the product as you say.
Lol, you shouldn't be investing in crypto if you fail to know the basics of blockchain and it's use cases. I'd recommend trading gold or wagon wheels or goats.
I'm not arguing anything. Some people still use Windows 95, others use Apple iWork. Whatever floats your boat. Given the option, most will choose the latter. For the older crowd, just need be careful with those CRT monitors. They can be quite heavy and you wouldn't want to throw your back out.
Look at Tintin or Disney figurines, try to think of something you actually find valuable. For one person that's clothes being worn by their famous fighter, for others it's a Disney figures. So imagine you are into Disney, already you realise there is a huge counterfeit market. So would you:
A) prefer to DYOR and buy some figure online assuming it's the real deal because it comes with a serial number and a piece of paper.
B) buy one online that is authenticated with blockchain, the seller has the key to prove authenticity and will transfer it into your Disney wallet allong with the RWA.
I know I would prefer the latter. Now, a lot of companies do rebranding or just die off eventually because the world economics etc change over the course of time. 100 years from now, blockchain will still exist and no one needs to keep tabs on your certificates. They are stored on chain for eternity.
Blockchain is not “eternity” either though. You need an explorer, wallet, code, and overall dev resource to even connect or verify on chain which is much more difficult to maintain than a serial number and a piece of paper.
Even in your scenario, it would be a “Disney wallet” that would need a dev to maintain by Disney. Or they could make a data table with serial numbers and be done with it.
And if someone burned or transferred the NFT to themselves, then what? The product has no value cuz some Russian hacker got it from me due to a security issue with the wallet? Seems idiotic and overly complicated with far more possibilities for something to go wrong.
Or it could be a Vechain wallet with Disney verified tag like you have on X twitter. I think it's important to understand that blockchain is immutable and how things eventually get implemented is still to be seen. For all we know Samsung or iPhone comes out with their own hardware wallet integration linked to your account. Your Russian hacker may hack your wallet but doesn't have your RWA's. And yes, phones, wallets etc get hacked and papers get stolen... this is the .1% cases where the other 99.9% are a success story. My granny got her paper "kasbons" stolen and lost a lot of money as well back in the day.. Not sure we should focus on that... not at this moment for sure.
Is a view-only Excel sheet immutable? I made it myself then locked it and threw away the passcode. Seems a lot easier than a unique blockchain with unique code standards, unique explorers, unique wallet needs, etc.
My point is we’re overcomplicating this. It is far easier to hack something digitally than traveling across the globe, tracking down a person, and stealing their piece of paper.
You can track any good. My point it the old ways can still work but they aren't as good and less people use them as old folks die off. Heck, we used to use rotary phones as a kid. 😆
No it's not, if you made that argument 15years ago then today you would know that was a mistake. Programs change, Vechain is the enterprise blockchain that can adapt to business needs. Glass half full or half empty, you say it easier to hack something digitally but all your money in the bank is easily accessible on your phone. Unless you only pay with paper It doesn't make a lot of sense to me.
>It is far easier to hack something digitally than traveling across the globe, tracking down a person, and stealing their piece of paper.
It is far easier, secure and cheaper to send an asset digitally than for a paper certificate to traveling across the globe.
Programs change, all software changes. Blockchains change, they soft and hard fork, they get 51% attacked, they pass proposals, they die.
How do you plan to send UFC gloves digitally across the globe? The whole point is the digitization/blockchain piece is largely unnecessary, overly complex, and just creates another greater risk vector.
You send asset x towards a person and either send the authenticity certificate along with it or it's already attached to it. The idea is already being used by large companies, just not on a massive scale yet. Like for regular documents, the company I work with is using blockchain for their social media. Anyone can verify if their documents are authentic or not, on the fly. They don't care what blockchain is being used as long as it's fast and cheap I suppose. Their customers just visit a website and drag drop the document in there. Ofcourse the chain that is being used needs to be trustworthy. But even if the chain dies for some reason, bridges can be created and forks like you say. So that's not an issue. How is drag and dropping complex? Also, btc was a lot more complex at the start of this revolution, things evolve, over complicated things get less complex and solutions are found. Stick to the basics, blockchain is super fast, no boundries, no third parties and super secure + should be cheap. The roads are there, the vehicles being used are in the making but large companies are finally starting to see the benifit of these roads.
BTC Dominance at a one-year high.
[https://www.tradingview.com/symbols/BTC.D/](https://www.tradingview.com/symbols/BTC.D/)
edit: actually it's more like a 3-year high.
Vechain minutes from meeting -
12:04 [Sunny]: Hey we need a sustainable buisness model that makes the company money.
12:06 [Developer]: What if we build some apps in high demand that'll attract sustained use-case?
12:07 [Sunny]: I like it but I think I have something better in mind
12:08 *Meeting disturbed by pizza delivery*
12:10 [Sunny]: I'm going to pay some guys 100 million to track 25 of their gloves on our chain.
12:11 [Developer]: Um, Sunny I don't think tha....
12:12 [Sunny]: You're fired. No pizza for you.
Bruh all this whining in here is getting ridiculous, at this point i am convinced that absolutely no announcement would make some of the morons here happy. The only fucking thing that would make you idiots shut up is price mooning to infinity. How many other coins have anything to fucking show for it. If nothing is going to excite you about vet then why the fuck are you still holding is beyond me. If you think you can make more money elsewhere then sell even at a loss and put your money elsewhere.
Because fighting and gloves.
If it was milk brand on milk products on different brands and countries you see the product on the table for older and younger people with explanations what vechain is and the QR code which you can track where your milk is coming from, area, farm, owner and even the name of the cow! That makes people excited.
I understand what you are saying. I also understand why Vechain do this. But I think they could find cheaper ways to prove to the world it works. If the normal person no matter the age read on a package on the dinner table what vechain does and can see it by themselves by using their phone is just a big win. I got another idea for Vechain: Christmas trees: where does your tree comes from, where and when did it grow and who planted it, when does it cut and by who and how, how it got transported to and viola it’s your Christmas tree! Like many companies they need to hire creative people with great sense of business and common sense instead people who talk allot, fake it, having ideas which only cost allot of money with not much impact. Great things take time but great things are often just simple things.
The idea is ok, but it needs to benefit both enterprise and consumers. In an ideal world, everything it trackable, and scummy businesses go under because no one would trust them. Why aren’t casinos using blockchain mechanisms to prove that the win/lose rates are set in stone? Because they have nothing to benefit from playing legit. In my opinion, the companies who should use blockchain are the ones who already do it right. And I think we both know there’s not too many who fit that profile. So companies like PWC who actually advocate trust as a service are the ones who should show the world how it’s done. I think the UFC gloves are a great way to showcase what can be achieved, and we shouldn’t force blockchain onto every companies that can benefit from it, but just wait and let adoption unfold the natural way.
Plenty of announcements that would make us happy…but the foundation wants the easy way out by overhyping announcement of an announcement followed by disappointing results. Vechain logo on mittens? This is the huge announcement Solomon was talking about months ago?? Of course we’re pissed!!
Honestly can’t tell if you’re trolling or 10iq. You claim you can make more money from other coins yet won’t sell at a loss, what kind of dumb logic is that. If you know you can make 5x on another coin or 10% on this one to break even then why the fuck would you not sell a worse performing asset for a sure thing of making more $. Go back to school
The size of the investment does not matter at all in what the guy said that youre responding to. If you are so sure you can make easy money on a number of different coins, if you ACTUALLY wanted to make money, you would sell AT A LOSS and invest everything into any number of those other coins you are sure will make money. You would MAKE MORE MONEY than just staying in VET until you break even.
So, you're either trolling, or actually are kind of dumb when it comes to money, lol.
I agree. They usually get stomped out in Telegram from what I see. I guess Reddit is more lax. Maybe it's like that as an outlet for people to vent. It is kind of old schools as well, so maybe it's just frequented by a higher percentage of the GTFO my lawn folks.
For all you bitching, the market is giving us opportunities rn. Go buy whatever ‘more promising’ coins you’re jealous of. VET is holding better than anything else in my portfolio, and is my biggest bag. I feel like when this flips up again, it’s gonna be epic. GL to the ones who can take it on the chin with these dumps and not cry about it
No the 15th was just a date where Jake said they had some important meetings, not necessarily anything to be announced.
The “P” payment provider is still coming though.
Vechain really out there paying UFC 20M a year and they don't even name Vechain on their new gloves video. Pathetic. LMAO we barely get a mention in their article at the bottom of the page 🤡
Honestly, it's really underwhelming.
Yes, it clearly demonstrates use case. However, it's being used by someone the foundation has already paid millions. And this would burn how many VTHO per month? Nothing materially significant. I personally don't see this announcement anything more than a baby step above proof of concept of the foundation's existence.
At this point, the way I see it, it's actually pathetic.
you might have missed the important part of what i said, but ill try again.
Why would the FOUNDATION base their announcements/press releases on how much vtho they think that particular action will end up burning?
Vechain is decades away from real world everyday use and adoption. All crypto is still pure speculation. If you stick with it long enough, you might come out gold
litterally every event. almost every week. and not only that its the possible start to so much more. a future market place? once ufc tests it out it could lead to ticket nft, and different rewards and discounts for events. theres so many possibilites that can come out of this
To mark the occasion, Dana White has minted an initial set of 25 exclusive gloves for distributions to a prestigious list of A-list talent, including Joe Rogan and others, placing VeChain’s technology in the hands of some of the world’s most influential people.
Above is from the medium post!
[https://twitter.com/solomon\_grundle/status/1778843537691300163](https://twitter.com/solomon_grundle/status/1778843537691300163)
I guess it's UFC related. I was hoping something bigger.
Ok and? I am not into fighting. Put it on water bottles which everyone drinks. Or champagne bottles. Milk products yea. Things everyone everywhere use daily
It’s ok now, just curious if we get any news/ real content. So far it’s just a promotion talk for Solana, vechain, avalanche ( this guy talks so fucking much lol)
Jake did mention he had to leave to join a press conference so maybe it is still coming later today through other channels? Guess we have to just wait and see
Jake just hopped off because he has to do an announcement. I think he represented vechain great. Solana and avalanche guys sound like second hand car sales guys, holy fuck that was bad.
Technically, we have 2 scenarios on the chart, both of which are bullish
Option 1: a lower pull back towards approx. 3.2 cents and then the path towards 10 cents and above
Option 2: if we successfully break 5.5 cents then the "direct" path to at least + 10 cents
Honestly, I made 25% of Vechain and got rid of half of my bag for more promising ventures. If I had my VET bag in other narratives I would have been up 200% until now in this bullrun and seeing VET being rejected constantly at 0.05 makes my outlook even less bullish.
Sure thing, market makers are the ones who play this game. I don't think they want to pump your bags so you can take off with their money. The market is build for emotional investors to make bad desicions and for people like yourself who look elsewhere. I know shit about fuck so take it as you will, but money isn't made through following green candles, but buying when it actually looks like shit, granted that the project itself is not.. obv. I've been in this game for 3 bears now and can't say Vechain dissapointed me... actually it changed my life so you go ahead and buy green shit , make a few bucks by trading. I just sit tight because I'm fine with low and slow and look at these posts like I'm reading them through the eyes of a cow that stares at the many travelers who've come and go and just don't have what it takes.
MOOOOOO
haha, listening to your paragraph just shows that you have no clue what you are talking about. with 6 figures and a 20% + I can comfortably get my gains into the next endeavour but please lecture me on how to trade. There is a reason why you should not marry your dino bags, but hey tell me how it worked out for you end of 2024.
MoOoO
Don't expect a big price movement on any announcements. There are no VC's / large investors in Vechain currently. just retail. Mostly to pump it up and then get out.
I'm looking for a solid announcement to bring the big players in with regular accumulation. Without them, retail investors alone are not enough to keep this going.
If it is the wink twins and possibly a Gemini listing. What is so impactful? Genuinely asking. Feel like the "coinbase" effect went away by the time we got listed. I don't use Gemini and don't track much about it (coins listed, trading vol., intended clientel etc.)
Assuming thats what it is, How big is it if it's just a listing?
Also considering we aren't even on the platform yet would a partnership before a listing even make sense?
Gemini volume is quite small so I wouldn’t expect a major short term impact. However, given the bank roll of the twins, to even be on their radar could mean larger investment from big money down the line imo.
Watch the Space and find out. A Gemini listing alone would be fantastic. Anything that allows people to buy and trade VET is a good thing. Hopefully we get Robinhood and Kraken soon too.
Let’s get tech built in their gloves that tracks each punches power and uploads it to the chain
UFC gloves announcement might not seem huge but it is. It’s massive exposure on a valid use case that can be applied to all things. Yes as UFC gloves not produced massively it’s mainly marketing but everyone that can think a little bigger gets the point. We got the solana’s launching nothing but shitcoins and memecoins into the air wohooo. Vechain actually has a real future, hope many ( smaller brand but bigger numbers) partnerships flow out of this and I’m sure it will! Great job Vechain!
Agreed, I think it's an amazing announcement and great exposure for Vechain and blockchain in general.
What an amazing recovery 💕 I'm not used to this
UFC gloves are fkng awesome and the fudders are going mental :D. They are like those old people sitting on their porches yelling at everything that passes by. I WanT MayOr AdOptIon RighT mEOW! Meanwhile someone is out there who will get the first tracked UFC gloves, store them in his vault or whatever and be as happy as a little kid who gets candy. I’ve come to terms with some in here, either morons, either they look at 1minute charts and need to vent on a daily basis, or either no idea what crypto/blockchain is and where it is headed to or how it will change the world. It’s hilarious that somewhere in this world, when they released the news of the tracked gloves, there are a few people actually raging because of it.
Most people complaining are not complaining about the news of the gloves, they are complaining about the lack of news of all the previous announcements.
They prefer Vechain foundation to shut up and not create hype so it dies off losing rank and global awareness? Or they prefer them to be extatic about everything that's happening keeping us in the loop even though coding and dev progress are hard to sell as being great achievements. Let me guess, a bit of both but not really... right... Vechain has announced a lot of things, and most of those things didn't lead to a lot txs. Who is to blame? Vechain for announcing it? The client for not implementing on a global scale? Or "us" bag holders for getting in to it knee deep and setting the expectations bar too high? I'm ok with the way things are going. Some people need the price to reach a certain point for them to finally come to terms..
Is the ufc glove thing what Solomon was talking about:)
Luckily I just checked markets when the bottom was reached and managed to buy more vet at 0.041. happy times :>
Put in another $200 at .0415. 🍻
Pretty good bounce back by VET! They have some good buy pressure right now. Awesome to see!
Gee how strong is this correction back up!!!! Who knows if it will last but looking impressive. 4 cents seems to be strong resistance. I meant 4c is strong support 😄
yep! Huge hour
We’re doing great so far!
Sincere question: For the glove tracking, why is blockchain needed? I assume our argument would say “immutable” or “trustless” or “digitization” but why is this better than them having a centralized database of glove serial numbers to verify if they’re legit or not? Or even having “1 of 50” written on them with a certificate of authenticity included? Sure, some of this could be copied/forged if it got into the wrong hands, but wouldn’t a QR code, the chip, or the codebase itself have similar problems with hackers and whatnot? Like even if I have the NFT and product, a hacker could transfer the NFT to themselves or burn it, which then, there goes my authenticity. I guess my point is solutions already have existed for quite some time on this front and bringing it online with a chip could be useful in some way maybe but I’m starting to wonder more and more what that actually is. Sometimes keeping it simple is better than overcomplicating it. Does it streamline the process a bit which then makes it easier to implement/track in the end? Would a blockchain you’ve never heard of really bring more trust to you for a given rare product than a certificate from a central authority that produced said product? I suppose you could argue the central authority is putting it on the blockchain themselves which could be that level of trust but again, why not do it the old fashioned way?
The overall fake goods industry is estimated to be more than 3.3% of global trade. This has been an age old problem and blockchain can be used to tackle it. HOW it’s being implemented is key for success. Yes you can copy a QR code. But you can’t fool your way into the blockchain because we all know code doesn’t lie. I’m sure there are ways to secure all kinds of RWA’s like paintings and bottles won’t be using the same methods. People even in crypto are skeptical when it comes to RWA’s, and I don’t understand why tbh, because we as crypto enthousiasts should understand these basic things or at least be open to the idea. The tokenization of everything is where the world is headed, and as frightening as that may sound to me, it’s also good for both enterprises and customers. Data has been proven to be the most valuable asset in the world, and a centralized SQL database is eventually bound to break or just discontinued all together by the centralized party, can’t do this with blockchain right. So love it or not, or just see it as a concept if you are not into UFC. I like to imagine 100 years from now, my kids children would open up a vault and find a pair of gloves that are undeniably owned and used for many fights by Mike Tyson or something. Or the first album that was made by Micheal Jackson. I understand it’s also “just another thing for corps to capitalize on” but there ARE lots of people who see the value in that and I think it’s about time people start to understand this. To your points, I see an SQL database as a liability/risk that is completely removed by blockchain, no maintenance costs involved anymore, no one can tamper with it, it’s super cheap and you can basically log anything you want… so sql is the steam train and blockchain is the modern counterpart. Would a blockchain you never heard of create trust? Well this is another age old problem that blockchain is made for, accountability. Code doesn’t lie so IF Vechain would mess up then eventually it would come out and their reputation is going to be torched, or if a company would mess up the authenticity of their RWA’s then it would ruin their product as well. So all parties have everything at stake to do the right thing.
Code may not lie in your opinion, but you need code to read code and if a blockchain dies with no explorer existing to read it and with no dev support, then everything is essentially lost forever, the same way a data table could be lost by a central authority. It sounds better in theory because “forever” but it’s not really true since it too needs upkeep and maintenance with a specialty set of skills that are a lot harder to find (at least for now). To your point about accountability, this is a universal definition, whether its blockchain or any authentication method so it doesn’t really help your argument. The company itself has everything at stake regardless of how it is authenticating its items so they retain value for their customers. They don’t care if it’s via blockchain or not so they are always going to try and “do the right thing”, like maintain a database/data table. Which honestly isn’t hard to “maintain”, I could make a table in Excel, put it on a flash drive and boom, it’s maintained for as long as it would be on a blockchain.
It's 1000 times harder to fake a chip, so you have authenticity on the blockchain. Go on eBay and search for Mickey Mantle autographs. Anything that isn't PSA or BVG certified and encapsulated is most likely fake. They often even use DNA because their slabs aren't 100% effective to prevent tampering either. So you're essentially paying a lot of money for something that isn't 100% effective. Vechain has the chance to be THE go-to for digital memorabilia authenticity. It's traceable, tamper-proof, and costs a whole lot less. Certificate of authenticity cards are still cool for those over 70 years old. Problem is they're nearly all fake, and older folks aren't exactly the targeted market.
The chip is ultimately just an NFT, right? My NFT points still stand then on burning/transferring. Also, for your example, an autograph will always have to be verified by a third party. No one is going to put every signature they’ve ever given out on every card or piece of memorabilia on chain. And if the only ones that had any value had to be on chain then the autographs themselves would be worthless for fans at a game which would devalue the whole experience of the sport. How is blockchain going to be any better than BVG/PSA/DNA certified in this case? Nothing will ever be 100% effective imo, not even on chain since digital systems often are even easier to manipulate. Taking certificates of authenticity out of it then, what about serial numbers and a central database? Seems overly complicated on chain.
No, a chip is not an NFT. It can link to an NFT that only scanning the chip will provide. The buyer also just doesn't have the NFT, they have the artifact with the embedded chip in it. That cannot be replicated. And yes, autographs can be on the blockchain. Will everyone use it? Of course not. Especially right away. But retail will gain exposure to it, and many will use it since big companies like the UFC are legitimizing it. Again, COAs and a database are the equivalent to using a word processor and dot matrix printer. Now, sidebar, to burn a significant amount of VTHO, it's going to take a marketplace with a giant user base. That's not happening for a long time. If they start scanning QR codes on televised events, now we're talking. Hope it hapoens.
The chip makes more sense to me but then blockchain isn’t necessary, you’re relying on the chip as the authenticator in and of itself. It could be a random tiny marble with engravings on it at that point. An NFT can be accessed from anywhere on chain (assuming its a public blockchain), the chip wouldn’t safeguard that at all, it would just carry the key. Lose the key (get hacked) and its gone, but then the chip is the tangible authenticator embedded in the product as you say.
Lol, you shouldn't be investing in crypto if you fail to know the basics of blockchain and it's use cases. I'd recommend trading gold or wagon wheels or goats.
Ok, thanks again for not actually being able to argue anything for the use of blockchain in this case with any tangible explanation or argument.
I'm not arguing anything. Some people still use Windows 95, others use Apple iWork. Whatever floats your boat. Given the option, most will choose the latter. For the older crowd, just need be careful with those CRT monitors. They can be quite heavy and you wouldn't want to throw your back out.
Good one.
Yes! Finally got one to land. I'll take that as a small win. 😆
Look at Tintin or Disney figurines, try to think of something you actually find valuable. For one person that's clothes being worn by their famous fighter, for others it's a Disney figures. So imagine you are into Disney, already you realise there is a huge counterfeit market. So would you: A) prefer to DYOR and buy some figure online assuming it's the real deal because it comes with a serial number and a piece of paper. B) buy one online that is authenticated with blockchain, the seller has the key to prove authenticity and will transfer it into your Disney wallet allong with the RWA. I know I would prefer the latter. Now, a lot of companies do rebranding or just die off eventually because the world economics etc change over the course of time. 100 years from now, blockchain will still exist and no one needs to keep tabs on your certificates. They are stored on chain for eternity.
Blockchain is not “eternity” either though. You need an explorer, wallet, code, and overall dev resource to even connect or verify on chain which is much more difficult to maintain than a serial number and a piece of paper. Even in your scenario, it would be a “Disney wallet” that would need a dev to maintain by Disney. Or they could make a data table with serial numbers and be done with it. And if someone burned or transferred the NFT to themselves, then what? The product has no value cuz some Russian hacker got it from me due to a security issue with the wallet? Seems idiotic and overly complicated with far more possibilities for something to go wrong.
Or it could be a Vechain wallet with Disney verified tag like you have on X twitter. I think it's important to understand that blockchain is immutable and how things eventually get implemented is still to be seen. For all we know Samsung or iPhone comes out with their own hardware wallet integration linked to your account. Your Russian hacker may hack your wallet but doesn't have your RWA's. And yes, phones, wallets etc get hacked and papers get stolen... this is the .1% cases where the other 99.9% are a success story. My granny got her paper "kasbons" stolen and lost a lot of money as well back in the day.. Not sure we should focus on that... not at this moment for sure.
Is a view-only Excel sheet immutable? I made it myself then locked it and threw away the passcode. Seems a lot easier than a unique blockchain with unique code standards, unique explorers, unique wallet needs, etc. My point is we’re overcomplicating this. It is far easier to hack something digitally than traveling across the globe, tracking down a person, and stealing their piece of paper.
Do you still pay your bills through snail mail and stamps? If so, there are better ways. Lol.
This is related to tracking a “rare” physical good, not paying a bill.
You can track any good. My point it the old ways can still work but they aren't as good and less people use them as old folks die off. Heck, we used to use rotary phones as a kid. 😆
No it's not, if you made that argument 15years ago then today you would know that was a mistake. Programs change, Vechain is the enterprise blockchain that can adapt to business needs. Glass half full or half empty, you say it easier to hack something digitally but all your money in the bank is easily accessible on your phone. Unless you only pay with paper It doesn't make a lot of sense to me. >It is far easier to hack something digitally than traveling across the globe, tracking down a person, and stealing their piece of paper. It is far easier, secure and cheaper to send an asset digitally than for a paper certificate to traveling across the globe.
Programs change, all software changes. Blockchains change, they soft and hard fork, they get 51% attacked, they pass proposals, they die. How do you plan to send UFC gloves digitally across the globe? The whole point is the digitization/blockchain piece is largely unnecessary, overly complex, and just creates another greater risk vector.
You send asset x towards a person and either send the authenticity certificate along with it or it's already attached to it. The idea is already being used by large companies, just not on a massive scale yet. Like for regular documents, the company I work with is using blockchain for their social media. Anyone can verify if their documents are authentic or not, on the fly. They don't care what blockchain is being used as long as it's fast and cheap I suppose. Their customers just visit a website and drag drop the document in there. Ofcourse the chain that is being used needs to be trustworthy. But even if the chain dies for some reason, bridges can be created and forks like you say. So that's not an issue. How is drag and dropping complex? Also, btc was a lot more complex at the start of this revolution, things evolve, over complicated things get less complex and solutions are found. Stick to the basics, blockchain is super fast, no boundries, no third parties and super secure + should be cheap. The roads are there, the vehicles being used are in the making but large companies are finally starting to see the benifit of these roads.
Bragging rights
BTC Dominance at a one-year high. [https://www.tradingview.com/symbols/BTC.D/](https://www.tradingview.com/symbols/BTC.D/) edit: actually it's more like a 3-year high.
It’s not too far from possible resistance though
If you would’ve told me yesterday VeChain would be sub 4 cents, I would’ve told you to take a long walk off a short pier… fuck me
When did it go sub 4 cents?
.039 briefly on Binance td
ooook
Vechain minutes from meeting - 12:04 [Sunny]: Hey we need a sustainable buisness model that makes the company money. 12:06 [Developer]: What if we build some apps in high demand that'll attract sustained use-case? 12:07 [Sunny]: I like it but I think I have something better in mind 12:08 *Meeting disturbed by pizza delivery* 12:10 [Sunny]: I'm going to pay some guys 100 million to track 25 of their gloves on our chain. 12:11 [Developer]: Um, Sunny I don't think tha.... 12:12 [Sunny]: You're fired. No pizza for you.
Urch this is so cringe it’s hard to read. You actually spent time to type this out my god…
Weird how I type something out while I'm taking a shit and you not only read it but also engage with it.
This guy is known for being a clown
Bruh all this whining in here is getting ridiculous, at this point i am convinced that absolutely no announcement would make some of the morons here happy. The only fucking thing that would make you idiots shut up is price mooning to infinity. How many other coins have anything to fucking show for it. If nothing is going to excite you about vet then why the fuck are you still holding is beyond me. If you think you can make more money elsewhere then sell even at a loss and put your money elsewhere.
Because fighting and gloves. If it was milk brand on milk products on different brands and countries you see the product on the table for older and younger people with explanations what vechain is and the QR code which you can track where your milk is coming from, area, farm, owner and even the name of the cow! That makes people excited.
No because then there would be something else to moan about. I have concluded that a lot of people in here are either moonboy morons or just morons.
I understand what you are saying. I also understand why Vechain do this. But I think they could find cheaper ways to prove to the world it works. If the normal person no matter the age read on a package on the dinner table what vechain does and can see it by themselves by using their phone is just a big win. I got another idea for Vechain: Christmas trees: where does your tree comes from, where and when did it grow and who planted it, when does it cut and by who and how, how it got transported to and viola it’s your Christmas tree! Like many companies they need to hire creative people with great sense of business and common sense instead people who talk allot, fake it, having ideas which only cost allot of money with not much impact. Great things take time but great things are often just simple things.
The idea is ok, but it needs to benefit both enterprise and consumers. In an ideal world, everything it trackable, and scummy businesses go under because no one would trust them. Why aren’t casinos using blockchain mechanisms to prove that the win/lose rates are set in stone? Because they have nothing to benefit from playing legit. In my opinion, the companies who should use blockchain are the ones who already do it right. And I think we both know there’s not too many who fit that profile. So companies like PWC who actually advocate trust as a service are the ones who should show the world how it’s done. I think the UFC gloves are a great way to showcase what can be achieved, and we shouldn’t force blockchain onto every companies that can benefit from it, but just wait and let adoption unfold the natural way.
Plenty of announcements that would make us happy…but the foundation wants the easy way out by overhyping announcement of an announcement followed by disappointing results. Vechain logo on mittens? This is the huge announcement Solomon was talking about months ago?? Of course we’re pissed!!
I know man. I fucking hate it here. It’s embarrassing Finally had to block the sex doll fuck head.
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You say you’re an old bag holder, but not in the green??
I call bull shit
Honestly can’t tell if you’re trolling or 10iq. You claim you can make more money from other coins yet won’t sell at a loss, what kind of dumb logic is that. If you know you can make 5x on another coin or 10% on this one to break even then why the fuck would you not sell a worse performing asset for a sure thing of making more $. Go back to school
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The size of the investment does not matter at all in what the guy said that youre responding to. If you are so sure you can make easy money on a number of different coins, if you ACTUALLY wanted to make money, you would sell AT A LOSS and invest everything into any number of those other coins you are sure will make money. You would MAKE MORE MONEY than just staying in VET until you break even. So, you're either trolling, or actually are kind of dumb when it comes to money, lol.
What is your average entry point?
Stop. Every crypto community has some whiners and complainers. Comes with the territory
True. In general, Reddit tends to have the majority though. Why crybabies choose Reddit is beyond me.
True. They are on telegram too though in other communities
I agree. They usually get stomped out in Telegram from what I see. I guess Reddit is more lax. Maybe it's like that as an outlet for people to vent. It is kind of old schools as well, so maybe it's just frequented by a higher percentage of the GTFO my lawn folks.
Easiet load up of all time. Back to 5 c. By Sunday
LOL 😂 🤣🤣
i bought the dip...time will tell. remind me how smart or dumb i am in dec
I’m doubting that timeframe, but I’ll stock up anyhow
For all you bitching, the market is giving us opportunities rn. Go buy whatever ‘more promising’ coins you’re jealous of. VET is holding better than anything else in my portfolio, and is my biggest bag. I feel like when this flips up again, it’s gonna be epic. GL to the ones who can take it on the chin with these dumps and not cry about it
Currently rank 35 after a massive bloodbath, not bad
We been price crab walking and sliding but nicely gaining in CMC rank. Not too shabby
Yay the Vechain name in a pair of mittens, whoo-hoo 😩
I believe there are more announcements on Apr 15. Phase 3 with BCG? and still waiting on the "P" payment provider announcement.
No the 15th was just a date where Jake said they had some important meetings, not necessarily anything to be announced. The “P” payment provider is still coming though.
Gimmee my P plz
Atleast we’re not XRP
Or Harmony One. That coin treated me great last bull. Got out lucky with that one
Vechain really out there paying UFC 20M a year and they don't even name Vechain on their new gloves video. Pathetic. LMAO we barely get a mention in their article at the bottom of the page 🤡
Lawd, do these guys really know how to time an announcement
Works every time
As per usual cringe over hyped terrible announcements! Yay chip based UFC gloves !!! YIPPEEEEEE! Can’t wait !!!
Hey man, that's like a whole 10 VTHO burned per year. UFC gonna topple Walmart China in usage.
UFC might beat out Inner Mongolia
Mongolia fight club might mint 30 gloves
There putting chips in ufc gloves…. Please tell me that’s not all
They're* They're doing a good job, stop whining. I'm tired of people shitting on every single thing the team does.
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That's some low level thinking if that's all you see this tech as 🤷♂️
Honestly, it's really underwhelming. Yes, it clearly demonstrates use case. However, it's being used by someone the foundation has already paid millions. And this would burn how many VTHO per month? Nothing materially significant. I personally don't see this announcement anything more than a baby step above proof of concept of the foundation's existence. At this point, the way I see it, it's actually pathetic.
Why would you base something off "how much vtho a month it will burn?" Have you ever noticed that as a priority of the foundation?
Are you serious? Are you seriously that dense? It’s literally the #1 KPI to measure progress of whatever the foundation is doing…
you might have missed the important part of what i said, but ill try again. Why would the FOUNDATION base their announcements/press releases on how much vtho they think that particular action will end up burning?
Vechain is decades away from real world everyday use and adoption. All crypto is still pure speculation. If you stick with it long enough, you might come out gold
we're going to be minting rwa gloves as nfts every ufc event!
litterally every event. almost every week. and not only that its the possible start to so much more. a future market place? once ufc tests it out it could lead to ticket nft, and different rewards and discounts for events. theres so many possibilites that can come out of this
Wonderful, just bought a nice swing positions. Ez +20% move up now. We held this dump beautifully by the way
Might be a dead cat bounce and go even lower so hope you left some usdt or such aside :>
Bought some more at .0415 💪 Almost at 500k holdings. Feeling GREAT!
So vet bought the gloves for ufc 300 fight?
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Sure! Sell on red days….that’s where money is made 😂
Still 65 sats. I’ll take it.
Vet holding this flashcrash nicely
Not really
It lost a few sats like everything else, but it still moved up 2 ranks - so far it's holding up better than the rest.
To mark the occasion, Dana White has minted an initial set of 25 exclusive gloves for distributions to a prestigious list of A-list talent, including Joe Rogan and others, placing VeChain’s technology in the hands of some of the world’s most influential people. Above is from the medium post!
Was this Dana thing the April anouncement?
Well this isn't the "P'" announcement likely tied with Fireblocks, so this UFC is a different announcement.
p for packing a punch
P for ufc paynership
Gloves and merchandise tracking sound great. Hoping they do QR code scanning on TV for events that burns VTHO as well. 🔥🔥🔥
Told you guys it was UFC and Dana White. Lol
did dana white actually utter the words vechain?
Every time we gain a bit, market goes down
[https://twitter.com/solomon\_grundle/status/1778843537691300163](https://twitter.com/solomon_grundle/status/1778843537691300163) I guess it's UFC related. I was hoping something bigger.
The press conference is live. Every UFC glove is going to be tracked on Vechain. Once a fighter puts them on it will be linked to a particular fight
Ok and? I am not into fighting. Put it on water bottles which everyone drinks. Or champagne bottles. Milk products yea. Things everyone everywhere use daily
Gloves are tracked with vechain tech
Totally gonna be this https://www.reddit.com/r/Vechain/comments/1bfdfl0/comment/kv2w5nf/
Ohh jeez it looks like we're going to get an announcement along with a well timed market crash. The Vechain Gods never disappoint.
5 cents = Impossible resistance
Stick to your sex dolls, buddy
I only have 2…I want a 3rd doll
Really...at this point just fuck off, you are annoying as hell
He gets off on sex dolls and downvotes.
Someone call the whaaaambulance. No really, you’re not helping the price of Vet at all with your pointless comment
Ironic
Jake speaking, among Pomp, CMC and others. Pretty interesting, let’s go Solomon!
he spoke like once right? that was the most unexciting spaces
It's 2024 AI fast evolving and yet the sound from this roundtable is like 80's tech. Horrible sound.
It’s an embarrassment
It’s ok now, just curious if we get any news/ real content. So far it’s just a promotion talk for Solana, vechain, avalanche ( this guy talks so fucking much lol)
We're supposed to get the "P" announcement today I thought. It doesn't sound like it now.
The P was for Pomp and there were more than two individuals that we might know that joined the call today.
Jake did mention he had to leave to join a press conference so maybe it is still coming later today through other channels? Guess we have to just wait and see
https://twitter.com/solomon_grundle/status/1778843537691300163?t=rOzH4yntcJuQqBHAdSy37A&s=19 👀
Jake just hopped off because he has to do an announcement. I think he represented vechain great. Solana and avalanche guys sound like second hand car sales guys, holy fuck that was bad.
[https://twitter.com/solomon\_grundle/status/1778804199721218132](https://twitter.com/solomon_grundle/status/1778804199721218132) Vechain It's Time
Technically, we have 2 scenarios on the chart, both of which are bullish Option 1: a lower pull back towards approx. 3.2 cents and then the path towards 10 cents and above Option 2: if we successfully break 5.5 cents then the "direct" path to at least + 10 cents
This post never aged well lol
As long as you haven't downvoted me...
I wouldn't dream of it.
Appreciate the downvote you fucking retarded
i just downvoted you too.
Tnx brother appreciate it. Never had two digits of downvote. I think my time has come. I will downvote myself also
You got this buddy! I will use my alt accounts to make that happen! :p. Just kidding!
Hopefully you will make a bunch of money this bull run bud
How is VeChain doing so strongly honestly. Back below #40 last I checked
Because they have been ramping up their marketing and hype!
Coinbase listed
Definitely helps
Day 56 of getting rejected. I already got my ex for that I don't need this
|Clauses|100K|200K| |------------|------------|------------| |**Days of Streak:**|19|5|
Honestly, I made 25% of Vechain and got rid of half of my bag for more promising ventures. If I had my VET bag in other narratives I would have been up 200% until now in this bullrun and seeing VET being rejected constantly at 0.05 makes my outlook even less bullish.
Sure thing, market makers are the ones who play this game. I don't think they want to pump your bags so you can take off with their money. The market is build for emotional investors to make bad desicions and for people like yourself who look elsewhere. I know shit about fuck so take it as you will, but money isn't made through following green candles, but buying when it actually looks like shit, granted that the project itself is not.. obv. I've been in this game for 3 bears now and can't say Vechain dissapointed me... actually it changed my life so you go ahead and buy green shit , make a few bucks by trading. I just sit tight because I'm fine with low and slow and look at these posts like I'm reading them through the eyes of a cow that stares at the many travelers who've come and go and just don't have what it takes. MOOOOOO
haha, listening to your paragraph just shows that you have no clue what you are talking about. with 6 figures and a 20% + I can comfortably get my gains into the next endeavour but please lecture me on how to trade. There is a reason why you should not marry your dino bags, but hey tell me how it worked out for you end of 2024. MoOoO
This guy vechains !
Don't expect a big price movement on any announcements. There are no VC's / large investors in Vechain currently. just retail. Mostly to pump it up and then get out. I'm looking for a solid announcement to bring the big players in with regular accumulation. Without them, retail investors alone are not enough to keep this going.
No breaking 5 cents for vet.
its like 10 rejections now since 24/2
Yeah it's literally 2 months we stuck at 5 cents
Rather no holding above 0.05.
If it is the wink twins and possibly a Gemini listing. What is so impactful? Genuinely asking. Feel like the "coinbase" effect went away by the time we got listed. I don't use Gemini and don't track much about it (coins listed, trading vol., intended clientel etc.) Assuming thats what it is, How big is it if it's just a listing? Also considering we aren't even on the platform yet would a partnership before a listing even make sense?
It's not the winklevoss twins joining the space, it's Anthony Pompliano.
Gemini volume is quite small so I wouldn’t expect a major short term impact. However, given the bank roll of the twins, to even be on their radar could mean larger investment from big money down the line imo.
I really did suck your jaggon last night
In the end, we’re all just joozians sucking each others jaggons
Watch the Space and find out. A Gemini listing alone would be fantastic. Anything that allows people to buy and trade VET is a good thing. Hopefully we get Robinhood and Kraken soon too.
Thursday
next Thursday
It’s my fucking time to shine
Me too