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Bitcoin (and Apple) Mythbusting 101

Reggie Middleton's picture




 

Yesterday, I did a radio interview with Benzinga. In it I busted myths about Apple, Bitcoin and Coins in general (ABCs). Listen to the interview below and the info sheets afterwards and let me know if you knew this stuff was possible with today's tech - and Apple! 

As for Apple...

And more on http://Ultra-Coin.com...

Why am I so bullish on Bitcoin? Note: this is not an offer to buy or solicitation for securities and is presented for illustrative purposes only.

Veritaseum Executive Summary page one

 

Veritaseum Executive Summary page two

As we roll out Veritaseum's UltraCoin ZeroTrust Smart Contracts, I'll be posting much more on "the new way of doing business".

Media Exposure

  1. Reggie Middleton Intro
  2. How Reggie Middleton's Start-up Patented The Future of Global Finance!
  3. Reggie Middleton on Wikipedia
  4. Who is Reggie Middleton?
  5. Bitcoin is not just digital currency. It's Napster for finance.
  6. Reggie Middleton's UltraCoin @ NYC CryptoCurrency Convention
  7. Reggie Middleton Wins CNBC Stock Draft for the 2nd time in a row - with the same stock
 

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Wed, 06/04/2014 - 20:10 | 4825149 MeelionDollerBogus
MeelionDollerBogus's picture

hahhahahaHHAHAHAHAHAHAA
bitcoin.
Nuff said.
AAPL! hahahahahahaha
No thanx.

Wed, 06/04/2014 - 13:14 | 4823683 centerline
centerline's picture

Just working the kinks out of an all electronic currency so that NOBODY will be able to transact without the scrutiny of various 3 letter agencies whose primary goal is preservation of the status quo at all costs.

Wed, 06/04/2014 - 13:17 | 4823695 jonytk
jonytk's picture

to be fair, wouldn't it be great that all of wall street could be tracked and taxed?

Wed, 06/04/2014 - 13:27 | 4823727 centerline
centerline's picture

Ironic huh?

Despite what many think, Wall Street's days are numbered.  Fraud is now the status quo.  The impact is increasingly threatening political and military power structures.  Sooner or later, someone is going to get slammed.

Wed, 06/04/2014 - 13:11 | 4823675 Misean
Misean's picture

Umm...what if we just used some dense, malleable, commodity in exchanges? You know...like I'll give you a certain quantity of some commodity if you do X?

Wed, 06/04/2014 - 14:21 | 4823947 Matt
Matt's picture

And then we either have to know and trust each other, or melt down, test for purity, then re-mint the units after every single transaction? That sounds efficient. I suspect going back to gold would make a 2% annual inflation rate seem like a very small cost of doing business.

Wed, 06/04/2014 - 20:09 | 4825146 MeelionDollerBogus
MeelionDollerBogus's picture

Nope. Thanks to sonic testing & convenient acid kits, the worst testing can be made much quicker & the odds of counterfeit turning up everywhere are much ,much smaller than with paper bills or electronic issued credit.

Wed, 06/04/2014 - 12:50 | 4823608 Grosvenor Pkwy
Grosvenor Pkwy's picture

Whether Bitcoin turns out to be useful or not I don't know, however, I do know that the argument "Bitcoin has no counterparty risk" is definitely false, and this also holds for Bitcoin exchanges, various accounts, and derivatives (which appears to be what this article is selling).

When one "owns" a Bitcoin, one actually has a credit in a distributed ledger that is stored in multiple computer memory locations. There is no real "coin" or money, it's simply the promise to pay from someone who held that credit before you. The system as a whole forms the counterparty, and the risk is that when the time comes, the system doesn't pay off as promised, which has happened many times when various exchanges failed, or "coins" were stolen from wallets by various scams, or many other problems which have been documented on recent discussion boards.

The government-controlled "fiat" currencies also have counterparty risks, but in spite of all their faults, at least you know who the counterparty is, either a government or big bank, so you have some possibility of recourse when something goes wrong. With Bitcoin, if the system fails and you lose your "coins" you have no where to turn to. And this has happened many times in the past year or more.

Wed, 06/04/2014 - 12:24 | 4823538 I Write Code
I Write Code's picture

reggie reggie reggie ...

Wed, 06/04/2014 - 12:09 | 4823479 Toolshed
Toolshed's picture

Reggie is on a downhill roll. After he made the huge marketing mistake of naming his crypto crap ultracoin.....which was already the name of a competing digi-coin being pimped by another scammer, he then embarassed himself further with his epic ultracon crowd funding failure. Now, not to be outdone by MtGox (Magic The Gathering Online eXchange) naming their scam after an on-line fantasy card game, he has named his latest nonsensical adventure, Veritaseum, Inc. after a make believe potion from the fantasy world of Harry Potter!! And as a special treat for all us humor starved readers, that name is also in wide use already! From Harry Potter stuff to science channels on youtube, Veritaseum and Veritaseum, Inc are already extensively used by other parties. Simply brilliant! No problems with name recognition, or litigation, there!!  Just do a search on that name for a good laugh. In fact, there is already a Veritaseum, Inc established in 2005 in Wichita, KS, among many other businessess and web sites. This is just too funny!!!!!!

Wed, 06/04/2014 - 12:11 | 4823460 jonytk
jonytk's picture

yeah, don't buy any crap-coin, they can be easily 51%attacked. remember the original coins are BTC, LTC and NMC. Namecoin can implement this smarts contracts anyday, oh wait, it already allows you to store any data and register .bit domain names...  getbitcoins.tk or namecoin.info

Wed, 06/04/2014 - 12:11 | 4823489 Reggie Middleton
Reggie Middleton's picture

Did you even bother to read and understand what was printed above? Yo can't buy UltraCoin, at least not my UltraCoin. What has happened to the quality of ZH commenters over the years. Even the trolls were better than this?

Wed, 06/04/2014 - 20:21 | 4825189 MeelionDollerBogus
MeelionDollerBogus's picture

None of this beats PGP signatures person-to-person and none of that beats gold/silver coin in-person.

Digital currencies have no real value because the networks they depend upon are highly vulnerable to snooping, disconnection & corporate oligarchy.

Wed, 06/04/2014 - 14:15 | 4823925 Matt
Matt's picture

You have a terrible habit of taking names that are already in use.

First ultracoin, which somebody else already has as an alt-coin, then Veritasium, which is a channel on Youtube, is the first Google search result, and uses the phrase "an element of truth":

https://www.google.ca/search?q=Veritasium&rlz=1C1CHFX_enCA565CA565&oq=Ve...

And search for your spelling, Veritaseum:

https://www.google.ca/search?q=Veritasium&rlz=1C1CHFX_enCA565CA565&oq=Ve...

An element of truth, The element of Truth. Very similar catchphrase.

Wed, 06/04/2014 - 13:27 | 4823729 Toolshed
Toolshed's picture

"What has happened to the quality of ZH commenters over the years. Even the trolls were better than this?"

What a coincidence! Apparently, all the ZH commenters are thinking the exact same thing about you, Reggie.

Wed, 06/04/2014 - 14:50 | 4823646 jonytk
jonytk's picture

TL, DR. !

so what coin do you use ? any website with information? it's even open-source? what stops you to just create phantom-assets like in NXT ?

(50minutes later...)

ok, so i read it's on btc, now the questions are: where it stores the info, and where it get's the price tickers.? what stops the servers from being hacked?

honestly speaking, if you are actually coding this, awesome, looks a great copy of Ripple built to work on top of bitcoin, but it looks like you want to sell the idea to the big banks... whatcouldpossiblygowronghere...

 

Wed, 06/04/2014 - 12:19 | 4823518 oddjob
oddjob's picture

Maybe they all left when you hung them out to dry on calling RCL equity to go to zero.

Wed, 06/04/2014 - 11:49 | 4823397 maskone909
maskone909's picture

dont throw salt in my bitcoin game im stackin fat bank

Wed, 06/04/2014 - 11:42 | 4823365 zeronero
zeronero's picture

Reggie Middlefinger. A legend is his own mind.

Free advice- no one wants your ridiculous ultracoin nonsense. You are 2 years too late to the party. Safe your money for your bankruptcy lawyer pal. Your reports are as worthless as your ideas.

Wed, 06/04/2014 - 12:07 | 4823472 NotApplicable
NotApplicable's picture

Excuse me, but that's globally renown analyst Reggie Middle...

I find it humorous that he thinks his holier than thou smugness is a selling point. He could be correct about everything he talks about, yet I wouldn't consider it worth anything, given his inability to see beyond his own ego.

I guess that's why I don't like salesmen AT ALL. You never know when they're being genuine, or just blowing smoke up your ass.

Wed, 06/04/2014 - 11:02 | 4823217 I am a Man I am...
I am a Man I am Forty's picture

I've been proven right about apple thus far.  Margins increased this past quarter too.  

Wed, 06/04/2014 - 12:14 | 4823498 fx
fx's picture

tyler, you should treat this middleton crap as what it is: a commercial advertisement for this crook's useless ultrashitcoin.

Wed, 06/04/2014 - 20:23 | 4825195 MeelionDollerBogus
MeelionDollerBogus's picture

Ya, how come this ad is in the middle column instead of the left side, and how come it doesn't have a link to get me a snorgtee?

Do NOT follow this link or you will be banned from the site!