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Talk about overpromising and underdelivering
When are they going to actually start making some proper money instead of promising jam tomorrow via their next rainbow-chasing project?
Meinhard said a few years ago if they got 1% of the payment market they'd be 'bigger than Paypal'.
Well why don't they try getting 0.001% of the market first instead of making these absolutely ridiculous claims.
Their consistent losses year after year on Companies House demonstrate just how good they are at talking nonsense
Jam tomorrow
Nailed it, although I'd argue Satoshipay has a plan. Secure funding, draw a tidy salary, recruit (larger team good for the ego), spend your time traveling, talking and working on lots of 'interesting' tech while being funded by others.
Commercialisation? We'll worry about that later.
Blubutton that is SatoshiPay in a nutshell. Nerds are technically excellent software, but absolutely worthless nobody uses it.
Its the same for each iteration of Micropayment, Solar Wallet, B2B... Now the Stellar Bridge has the same baseless "it's different this time" from the rampers.
Their business model is to target markets worth billions and make wild, unrealistic estimates based on getting a percentage of that market. It's absolute nonsense.
Until SatoshiPay have an actual plan, with realistic forecasts and targeted users. It will not be different this time. Even if the rampers feel it in their waters
He should be gone now!!
What a disaster it turned out getting rid of Tony was.
At least he cared about the shareholders.
more geekery , we need monetisation and value.... and SOON.
blue star weakens by the day from the all important market cap ( share price x shares in issue) perspective, whilst the geeks get excited about the "empirical" stuff.
one of the projects needs to break cover on value soon otherwise blue star will be down the shi55er and back to 0.1 at which point we will all be calling for Lew to go !!!
?? Tencent is getting aggressive in the global gaming market. To expand its reach in the industry, the company plans to expand its take in ‘Assassin’s Creed’ maker Ubisoft, which it took a 5% stake in roughly four years ago. Ubisoft shares rallied over 20% after the news broke, as public investors own approximately 80% of the French firm’s shares. Therefore, to gain a meaningful stake, it’s expected that Tencent may have to buy some shares in the open market. Reuters has more.
Bit of an update on the spacewalk project.
Basically its taking longer then originally expected (its complicated). Without going into the details (which I can if anyone is interested) the original estimated timeline was 3 months but that has now been extended in total by four and and a half months from milestone 1. So milestone 1 was completed on 25th May, which puts completion sometime in October/November. This doesnt hold up the whole Pendulum launch as that is set for around December. But what is extremely encouraging is the comment from Web3 foundation on accepting the changes.
Thank you for your amendment. I was impressed with your dedication on Milestone 1 to faithfully and properly implement/rejuvenate the immensely complex interBTC protocol. I think that alone is valuable work for the ecosystem as a whole. I am happy to approve this amendment (one approval) for the additional complexity and costs, and I trust your rearrangement of the milestone order. I personally think your project has an immense amount of broader ecosystem potential as a parachain, a fiat onramp, and oracle. Also, thank you in general for your computer science work (in the true empirical sense of the phrase) with wasm/Layer 0. I will share this amendment with my colleagues.
From what i see about the boards HL seem to be a bit Naff for trades, not sure who is the best, I use ii and they seem to be ok.
They are there wizard I rang up and made a card payment today bu they are so arrogant the company who deals with their investments is hopeless especially on getting up to date info on Toronto Market Market where I am heavily invested
I emailed Blue star directly. I tried to phone them but the number on their website doesn't work :/ , a bit disconcerting
Just got back on to hl wizard about this stating other stockbrokers can trade in blu today they have just relied that they cannot comment on other stockbrokers if I canot buy buy blu shares tomorrow I will complain to Mr hargreaves himself about this I suggest wizard and a yone else to do the same
OK Ragnarr lets see what they can do,
however from where I'm sat it just sounds like more promises of jam tomorrow from them.
I may be sceptical but what past successes do we have to go on from Satoshipay
I couldn't fathom as to why they need cost and charge information ... its an equity, trades on a spread, not NAV. Unless HL want Fund fact sheets, KIIDS etc.
I have made a complaint to Hl this morning Wizard stating discontent with people on this board as usual with them they never admit they are wrong other stockbrokers can trade blu shares so why can't they anymore hl people on this board complain to them and they not be so arrogant it is stopping us buying blu shares I may complain directly to Mr Hargreaves about this
Spoke with HL this morning, they said BLU haven't provided the necessary data to them regarding MIFID 2 - costs and charges details, so can't buy.
Slug - current transaction cost are around 200 billion USD per annum - predicted to increase to 350/400 billion USD over next 5 years .Decrease that by 80% leaves a 50-70 billion USD market so simply depends on what share Dtransfer can get to before banks and tradfi institutions can compete
Sorry Blu - didnt intend to preach :-(
@ragnaar
yes indeed, i am very well aware of all of that, you have provbably seen many of my posts too : )
i am extremely well versed in all aspects of financial markets :)
people seem to lose touch with the reaility that this is about ROCE, nothing else !!
Swervington, instead of speculating on who I am (which is a fruitless excercise, and frankly nothing to do with Blue Star Capital or its investees) why don't you go on Dtransfer website and see it for yourself?
My point being, why have they priced themselves 90%-95% lower than the banks?
They could have priced themselves 10%-20% lower than the banks and kept the rest for themselves
They've kissed goodbye to all that potential revenue
Blu - thank you
yes I agree, monetisation is the goal here and accordingly profit for you and I.
In reality monetisation for Pendulum is probably 12 months away which allows the Parachain to be up and running which opens up Fiat to DeFi, Forex AMM to be active, and Spacewalk bridge allowing liquidity for Dtransfer to finally enter the Cross border payments market (predicted to be 250 trillion USD by 2027)
Dynasty is a difficult one as we were all expecting a listing or sale by now., and in truth the market was misled by info coming out of Dynasty management late 2021. But they are a private company and can say what they like (lessons learnt) The last RNS basically made it clear that with the current growth prospects all that is on hold to focus on monetising new contracts. This should benefit all in the long term as any listing/sale will be of greater value but in the meantime we are in a bot of a hiatus in afraid - and markets are all short term at present. Frustrating I know.
i think slugmum is aldabaran in disguise
Little point in having all these fictitious projects if they can't monetise them.
Dtransfers own website says they are pricing themselves 90%-95% lower than traditional banks.... So basically they're doing it for nothing then.
They might as well be a charity.... well.... actually they can't even call themselves that because at least a charity makes money
@ragnaar
you are well aware that i believe your research is A+
from n investment perspective though , you are here to make money, some of us have been here for 5+ years now, and whilst we are all reasonably excited by the geekery involved in these projects as leading edge, it remains our primary objective, is monetisation and capital gain.
i feel sure you agree with this
atb
blu
Slug - The forex AMM is a dApp being developed by Amber to be launched on Pendulum when the Polkadot launch takes place. Quite a vital part of the jigsaw actually - nothing ‘scatterbrain’ about it.