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I'm not sure I share quite the frustration/impatience that some have voiced recently. I can understand it though and I'm starting to question if my investment would serve me better elsewhere. Looking at the selling of the last few weeks it seems quite a few others feel that way and an exodus of sorts may have started. Blu began the year by stemming the SP rise perhaps time to do the opposite. Please.
GLA
i think the big issue now duke, is that many genuine shareholders have attempted to contact blue star / del boy to find just what the mess about dealing is all about.
they have not even had the courtesy of a reply.
if Lew is not up to the job, or does not have time to reply to shareholders, then its simple... TIME TO GO !!!
not easy having an international domiciled CEO anyway, Blue Star is simply not a priority for him, lets get a young hungry CEO in to put some effort into marketing the company and reward him based on how the company share price performs. i would not back lew under these terms, doubt many shareholders would.
lew has been a disaster
Ok so I didn’t manage to stay away for long – I hate you all (joke) for dragging me back in. Thank you for all your kindcomments.
What I find so frustrating on most BBs is having to trawl through loads of posts that just are of nonsense or repetitious complaining posts which are a waste of time for everyone. Negative posts are as important as positive ones as something could be learnt or debated and counter argued. Although I do realise there are those out there who simply just want to disrupt for whatever reason – a social behaviour I will never understand but hey ho. So I apologise for throwing my toys out.
Today has seen a flurry of negative posts which may or may not be from genuine shareholders but I thought I would at least respond as the general topic of all the posts is about Satoshipays unspectacular history. So firstly I agree. To date Satoshipay has simply not lived up to its promise and has not produced. Fact. So I understand people having little faith for the future.
In mitigation since the birth of the internet Micropayments were heralded as the holy grail and back in 2015 it wasn’t only Satoshipay and BLU that believed that. There was a huge hype of micropayment being the next big thing and many other fintechs invested heavily as well, but the concept simply didn’t take off. But Satoshipay technology was good, the idea was good, but as with many tech ideas for various reasons they just don’t take off. Anyone here who has been invested since those days will, I assume be fully aware of the issues reasons and problems that encountered micropayments in general. For what its worth I actually believe that now the digital assets ecosystem is entering the critical mass stage, Micropayments could well have the last laugh in the coming years.
So why should this incarnation be different? I think Ive posted enough on the subject already without repeating myself, but only to say that firstly the Stellar foundation chose Satoshipay to investigate the develop the Pendulum concept, following that they raised 5mUSD from VCs to develop Pendulum and I am reliably/unreliably informed more VC investment is likely in the near future. They have been granted WEB3 developer status and received a WEB3 grant to develop Spacewalk, and finally they have received a Berkley Blockchain Xcelefrator grant for further development. All these foundations are far better qualified to make a verdict on Satoshipay than I am. As for the concept – if anyone read my post a few days ago regarding the WEB3 comments it is quite clear that those that understand the digital asset ecosystem seem to think its worth putting their money where their mouth is. As one of BLUs largest shareholders recently stated only time will tell who is right.
Lastly Daniel Masters input has been questioned. I would argue that it is Daniel Masters influence that has set Satoshipay on its current development trajectory, backed up by his further investment at PEN pre-sale
Just my
The stellar network funding of the pendulum work for me is the difference. I believe it is their demands that saw Meinhard moved for the then coo and I also believe they will continue to work with Pendulum in order to gain a stellar advantage also.
In addition, this launch is tokenised so immediately accessible to investors to speculate and as said can drive a defined value (big or small). There are some pretty big projects on Kusama in their own right.
So in summary, Stellar is the bit I think is different this time - not long till we find out.
NtD
Not sure why 888 is clinging onto the Daniel Masters appointment like hes some sort of expert who is going to turn the business around
There isn't a shred of evidence to suggest hes done anything meaningful at Satoshipay since he got there
A quick look at his twitter feed and linkedin and its all about his own baby, coinshares, barely a single mention of Satoshipay on there either
Promises so much and delivers very little.
We've been saying 'lets hope' for years now and nothing changes.
In fact since Mr Lew has been in the hot seat it's got worse.
No communication with share holders and nothing to report from an abundance of investments.
If some are not worthy of updates then we shouldn't have invested in the first place.
The silence just makes everyone feel like nothing is happening.
Like I've been told before by someone who's dealt with Del Boy , he'll line his own pockets first and then think of others.
Make your own mind up whether that's true or not!!
Down again....
Duke - "AMPE going live will instantly give us some tangible way of attributing at least some value "
Replace AMPE with Micropayments, Solar Wallet and B2B. All of which went live. None of which delivered any value.
I don't understand why anyone thinks this time will be different, when nothing has changed. SatoshiPay model was, and still is, develop some flashy software and estimate the potential value as a % of the market they're entering. It's absolutely nonsense.
I'd love to be wrong and for someone to explain what has changed and why it'll be different. But it seems like a rinse and repeat of old promises.
As for launching on Kusama, releasing to a test network is insignificant. The big news would be if people are using it. If they were, it would be shouted from the rooftops. But there hasn't been a whisper.
If nobody is using it, it's micropayments again. Big promises, big launch, dust gathering unused software
I certainly can't see any evidence or inroads to suggest that Daniel Masters has had any impact on the business whatsoever since he joined in 2019
@ICB888 - I assume you understand what an NED role entails?
Day to day, where's the commercial acumen?
You state there is zero commercial savvy at Satoshipay which is total rubbish. In 2019 Satoshipay took on a new very experienced Director who also bought a substantial shareholding. He subsequently also invested in Pendulum.
“ SatoshiPay is pleased to announce that Daniel Masters is joining its board as non-executive director, working alongside the company’s co-founders and current directors Meinhard Benn and Alexander Wilke.
Daniel Masters’ career is packed with knowledge of the finance industry having held senior positions at JPMorgan and Salomon Brothers and, two decades ago, becoming the co-founder of the commodity trading group, Global Advisors.
After pivoting Global Advisers into digital assets in 2013, Masters has recorded a number of landmark transactions including launching the World’s first regulated bitcoin fund, GABI, in 2014, acquiring and aggressively scaling XBT Provider, an issuer of stock-exchange traded cryptocurrency tracking certificates, co-founding CoinShares, ?a global leader in digital asset management and launching CoinShares Fund I, the first ever fund structure denominated in Ethereum.”
remember the time they spent months and months advertising but not hiring a commercial leader? Then they changed it to a CMO and in the end did something else iirc
And all this was after a failed RTO
Zero commercial savvy at SatoshiPay and I see no sign that has changed. As I said the other day, their model is to secure funding and get to work on cool tech.
Exactly pablo
No one cares
Meinhard did a webinar thing last year and I think a grand total of about 5 people (including meinhard) logged into it.
Some of the posters here seem to be badly affected by tunnel vision.
Their next product will no doubt be a huge anti climax, just like every single one of their products and ideas which has gone before it.
No one cares
Spot on Pablo,
95% of people here will not of been around to witness these failed launches.
What about the live launch about 5 years ago?
Meinhard and his team sat around in a basement playing with a guitar!!!
No wonder it flopped so bad.
Sure you'll find the link on his twitter page.
Suppose LTH will expect different result this time as they have new investors on board and hopefully a new structure in place to take the company forward.
We wait...
"If we'll received"
That's the mother of all caveats.
For the past 6 years SatoshiPay have been developing software that nobody uses. The roadmap is as worthless as their micropayments product if they're entering yet another void.
I don't understand the excitement over a product launch, after they history of failed products. If the announcement was: "we're going live and have x customers ready to pilot. But it's not. No lessons have been learnt. It's not going to be different this time
Thanks to you and I having our little weekend joke Muscles we have lost Ragnarr come back please Ragnarr
Pendulum has so far managed to its roadmap. It further states a q3 main net launch on Kusama in 2022 Q3 and a pendulum launch in Q4. They haven’t been last minute Charlie’s so far either so worst case we can expect AMPE launching in next 6 weeks or so. [Warning - ramp element follows] satoshi are very close to launching a product that can be valued by the market - given its ability to remain in the shadows to date, this is huge for us investors in Satoshi and if well received, is going to heat things up very nicely.
GLA
NtD
Gazz does make a very pertinent point about ragnarr.
Muscles, when you said "unfortunately no matter what ragnarr ramps " you do expose how limited you are at evaluating the situation here.
Ragnarr is one of the best examples of a poster who posts positively about a company without ramping, you will ever see.
Whilst I certainly have my doubts about Lew, I have no such doubts about ragnarr.
No problem Johhno apology accepted Ragnarr is fantastic hopefully he will stay on board
Muscles12 - You really need to control yourself. So what if they are a "lifestyle company" as you call it. They can not do a placing, they have little control over the investee companies, so with no return from those, their so called (by you) lifestyle ends. OK, it would be nice to have a valuation on Satoshipay and a sale of Dynasty, but ranting on a free message board isn't going to get you anywhere. You're just unwanted noise.
Seriously, grow up or sell up! You're being a pain in the arse with your brattish behaviour on an otherwise pleasant message board and you've offended and driven away one of our most important informers of up to date news.
Bowlers 12
I am sorry if you are offended and apologise , and I do see you have apologised My intention was to try not to lose Ragnarr from the board - my comments were not aimed at any individual but generic to stop the board losing someone who goes to great deal of time and effort to keep us all informed in a way we can understand .ATB Jonno
Mr Brian you can sell shares of blu through Hl
Johno I resent what you say, I do not cause trouble on this board, but unfortunately one person rattled my cage yesterday and I have apologised to Ragnarr earlier today
what is Lew doing?
it is very clear what he is not doing 11
@ragnarr
If you do decide to go for a while ,I understand ,but you will be sorely missed .I know it is easy to say but never let bullies or stupid people stop you from doing what you have been and giving us mere mortals understandable education in matters way beyond our simple brains .Most people who invest do so to make money -and that takes time and this share is no different .It seems there is a minority who are either just out to make trouble or who dont understand that profits are rarely made overnight
Once again thank you and take care ATB Jonno
PS - If you can't buy on HL I wonder if it will be possible to sell?
I emailed BLU on 14th July to ask if they had any idea when SatoshiPay might be revalued. I got an out of office reply from Alex Bowker, but nothing since that.
I emailed again last week - but no reply as yet. I'm rapidly losing confidence in this company.