My bet for x10+

Honestly no clue. I hear it's good to hold both. I just hold XRT

VIDT is purely a marketing project. The CEO spends half his day reposting clickbait shill articles on the VIDT subreddit, and the other half selling VIDT to uniswap in small batches from the team fund wallet.

They have gained no new clients in nearly a year, validations are not increasing, dozens of companies now offer the same service for free or near-free, and most importantly, the VIDT token itself is worthless to holders. It was well done though, I must admit

Do share these companies, I'm curious. Plus how do you see the token as worthless to holders?

It's almost certainly not only a marketing project. It's partnered with multiple businesses who actually use their product.

AmSpec, Airbus, IBM

That, to me, is a value investment. But, read more here: medium.com/@pim_vee/vidt-and-v-ids-tokenomics-9ae760f6c7df

Oh I'm fully aware of the tokenomics, I just want to hear what he's got to say lol

Haha okay. By the way, what do you know about future news (hardware client?) I haven't heard about that.

XRT is the one. Robochads: Assemble!

Thanks for the serious response. So IOTA actually offers documentation for any individual or party to implement their own API and check file hashes on the tangle. 1000tps, no gas fee, and it's entirely free. docs.iota.org/docs/blueprints/0.1/tangle-data-storage/deployment-and-testing

Bridge Protocol, will also offer this service with no additional cost beyond eth gas fees. Bridgeprotocol.io

Docusign offers a free trial of their own product. docusign.com/products/blockchain

There are also some private platforms fda.gov/science-research/advancing-regulatory-science/trialchain-blockchain-based-platform-validate-data-integrity-large-biomedical-research-studies

VIDT's product is not revolutionary. How could you expect it to be? They have 1 or 2 part-time devs and the rest of marketers trying to sell an unoriginal idea for more than its worth. Hence the lack of adoption.

The case for the token is even worse. As a user you cannot physically do anything with the token. It only exists to distribute some of VIDT's revenue to investors. But that revenue is incredibly small relative to the market cap. So much so that the price impact is completely negligent. VIDT is being driven entirely by marketing and hype. When the bull market is over, people will wake up and see this

Its in their road map under Q3 about.v-id.org/roadmap/

Although I am certain the price will keep going up - this is a good criticism and I look forward to what the other user has to say.

It probably will. But it's digital dogshit and nothing more. The team has also been quite busy selling their tokens on uniswap and kucoin lately. Tokens that they essentially minted by removing them from the non-circulating supply without prior warning to the community

Nah it's definitely not digital dogshit, unless of course you know better than IBM, Airbus and other clients (not mentioning future clients whose names will soon be released). It's got a good year ahead of it, I'm sure.

Thanks for actual fair and insightful criticism, although I'm still bullish this is keeping my hopes realistic

You seem really invested in this... Are you really that salty you missed out?

You're really obvious - can tell it's you posting this same shit for weeks now

Btw, forgot to add - Vidt is just easy and literally a turnkey solution.

The IOTA one looks ridiculously complex nobody can be fucking bothered setting that up.

Bridge is ID only.

Docusign is legal documents only.

You cannot expect every company to be aware of every solution. Also, IBM is just fucking around with an air sensor. It's pretty delusional to think they are going to pay $2 to VIDT every time they want to upload some data, when they could replicate the entire API within a day on their own. In fact, I bet many of their clients would port to IOTA if they saw they can achieve the same thing for free

I was just as critical of VIDT when I owned it, as much as you like to ignore that. I do this for fun. And if I hadn't sold my VIDT, I wouldn't have caught TRB, which has done a bit better with room to grow. Not every post/thread is me btw, schizo

IOTA hornet nodes take a few hours to setup. It'll be even faster after Chrysalis 1.5 tomorrow. After you have a node deployed, you essentially have the same API as VIDT. It's pretty silly to think companies are going to continuously spend many thousands of dollars when they could just instead install a node.

Bridge is not limited to ID. I confirmed with the dev that any file type will be supported in the future. And it's free.

The common theme is that many platforms offer VIDT's entire service as a free product. Because it is worthless. The VIDT team are a bunch of conmen trying to charge money for extremely basic tech. Their only benefit is the easy setup, which still requires work.

Long response, but part 1:
Okay, let's start with the so-called competitors.

Firstly, IOTA are doing something completely different. They offer a basic solution which has no adoption as it's not their main focus. IOTA are focusing on other areas entirely and as such, this has been added as a means of 'well we can do this, but we won't focus on it and as such you won't receive the all round experience'. They're tackling the market in a different way and they do not provide the all-round service that VIDT does.

DocuSign are well known, but, once again they're not tackling the same areas as VIDT. You cannot compare two elements of a different substances and treat them alike.

BridgeProtocol can try to be successful and they very well could be. However, what you've missed by trying to FUD VIDT is that VIDT are established. They're not trying to enter an unknown market. VIDT have already solidified their place with global clients, revenue generation, multiple use cases and most importantly: PROFIT.

VIDT's clients receive a bespoke, tailored package focused solely on their needs rather than a generic text book package that is given to all. What really sets VIDT apart from every other 'competitor' is the business relationship that grows through the business to customer experience. This a journey that VIDT goes on with each and every client to ensure that all of their expectations, requirements and desires are fully met in the most streamlined and effortless way possible. The goal of VIDT is to provide the best experience possible.

You won't see that with IOTA or any other project trying to replicate what VIDT are doing.

Part 2:
Furthermore, VIDT are not only providing a service, they are also building the future to aid expansion through IOE (Internet of Environments), DVA (Diamond Verification Association), DBC (Dutch Blockchain Coalition) and many more. VIDT are also GDPR compliant and are working with one of the largest Law firms in the world: CMS Law. There is so much more going on than just fraud prevention and authentication.

I suggest you dig in and really do some research to see the plethora of areas that VIDT are successfully breaking into while scoping the landscape to see what they've already achieved.

As for your attempt to slander the tokenomics I challenge you to find a project that is more fundamentally strong than VIDT. This is a project that has tokenomics that flourish with adoption. In my aforementioned points I noted that VIDT are a business that are earning real profits. As a result, this then translates into larger burns month-on-month which aid to expedite the 'deflationary by design' aspect of the tokenomic model. On top of this, the token is integral to the daily usage of the token. To say it's not needed showcases a lack of fundamental understanding for the project you are trying to fud.

Part 3:
You also note that the 'revenue is relatively small to the marketcap'....I once again challenge you to find a project that can compete. I can count on one hand the projects in this space that are in profit while generating revenue. The tokenomics model provides a scarce asset that will only become more scarce over time.

I'll leave you with this: VIDT aren't trying to break into the industry - VIDT are creating the industry. They already have clients such as IBM, AmSpec and many more which are working alongside them to create a future where adaptability, fraud prevention, authenticity, growth through confidence of product, trust and immutability can exist side by side while providing a safer environment for businesses to operate in on a daily basis. On top of this they also work alongside many growing and respected projects such as $WAVES, $LTO, $FTM and $DGB. This list is non-exhaustive and will grow as the months go on.

>VIDT's clients receive a bespoke, tailored package focused solely on their needs rather than a generic text book package that is given to all. What really sets VIDT apart from every other 'competitor' is the business relationship that grows through the business to customer experience. This a journey that VIDT goes on with each and every client to ensure that all of their expectations, requirements and desires are fully met in the most streamlined and effortless way possible. The goal of VIDT is to provide the best experience possible.

This sounds like you work at VIDT. How would you know what kind of package and experience and journey they give their clients?

>DVA (Diamond Verification Association)

I checked the partner out, it seems to be some shady consulting firm that has nothing to do with diamonds, and they together with VIDT started the DVA....but where is the expertise? No one seems to be using it either.

Good posts though but I would love to hear your response.

IOTA is not trying to be a file validation service. They are setting themselves up to be the backbone of the trillion dollar m2m economy. The point is, file validation is such a trivial thing, that they created this application and gave it away for free.

VIDT are not tech guys. They took an extremely simple tool and are trying to wrap it in paper and put bows on it in order to squeeze as much value as they can out of something that should otherwise be free.

The argument you make about VIDT's establishment is the same one eth maximalists use. The claim is that because eth has 99% of blockchain traffic, it has network effect. But the reality is that less than 0.001% of web apps have ported to eth, leaving the other 99.99% to be determined.

Document security is a multi-billion dollar industry, like you say. What percentage of the pie has VIDT taken? Less than 0.0001% going off their revenues. They have no more than two or three dozen clients, only a handful of whom are active, and even less than that who spend a semi-significant amount of money on the service. This is comparatively nothing to the global market. They also seem to no longer be growing if recent metrics are accurate.

A company charging 2 euros per file is not going to survive long term when they have no actual intellectual property

Looking at their process in general, the client doesn't have to handle any tokens themselves, they don't have to get involved with exchanges. Service is paid for in fiat so its super simple for the client. I've always felt linking 'old money' (aka existing companies outside of the blockchain space) with blockchain centered companies in an effortless way is a key route to sustainability as a company / token. With regards to the DVA, yeah it's a new venture but I strongly believe we will be seeing things yet. I appreciate the guys response as dialogue is always a good thing. But VIDT is solid and as legit as they come in terms of projects operating in the space

Because they are a transparent team who make it very clear exactly what they are aiming for with each and every client. This has been publicly known since the very beginning.

With regards to the DVA - you're essentially making an assumption that because a business have chosen to branch out that it no longer makes logical sense? Are all businesses limited to one area of expertise or focus? No.

Take a look at any successful global business - they have many use cases, not just one. If they only had one use case they wouldn't be a global business. You start with one use case and you expand - business 101.

I'd also Google the definition of 'Consultancy'.

VIDT is a great example of exponential growth through use case expansion. They have successfully branched out to a plethora of industries.

It doesn't sound like you've actually read much into this project. You sound more like the guy who'll jump to conclusions and bend sentences to fit his own narrative.

Thanks for the response.

makes some good points though although the idea 'they haven't taken a massive chunk of the market so they are dead and shit and conmen' is pretty stupid. First it was barely anyone used their products, now it's already three dozen clients.

Where as I've quoted facts based on adoption, goals and growth, you've simply plucked some numbers out of thin air.

You're not selling it. No one is buying what you're selling.