George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Dynasty saga certainly dragging on... as long as they get the price they are happy with. i'm sure we BLU shareholders will be happy too.
even at £150m its ( £20.5m) 0.4 per share to BLU, then satoshipay is in for free, insane but markets really can be inefficient sometimes, however the market is awaiting a level of certainty with regards Satoshipay and i think that happens when the parachain happens.
we know we have news on both fronts in a couple of months MAX but could drop anytime , so a case of patience i suppose
Duke some really nasty buggers on argo site as I said their you give plenty of good advice to people including me which I am grateful for
Ragnarr
Thanks for all your efforts providing this excellent information.
Keep up the good work and good luck with your investment.
Hold for gold this will be the share of the year.
GLA MM80
BLU 5p
By pure chance this headline has just appeared on the subject
Usage Of Crypto In Crime Very Low Compared To Fiat, Admits Europol
https://zycrypto.com/usage-of-crypto-in-crime-is-very-low-compared-to-fiat-admits-europol/
It is just wort adding that there have and continue to be pretty large cyberattacks where hackers have made off with some large sums of money. But these are all from where the wallets (not the blockchain) have been compromised. So wallets are where the crypto are stored and each wallet has its own secure keys, encryption etc and this is where the hackers can (if security is not good enough) could get in to a specific wallet and get access to whats in it.
Bbut there are two types of wallet - hot and cold. Hot wallets are connected to the internet (to allow for all the transactions) cold wallets are not so you effectively cant get access to a cold wallet.
From what I can see all the large crypto robberies are from Blockchain Daaps that store large amounts of crypto in hot wallets because they are needing instant numerous access to the crypto and somehow hackers have managed to compromise these on occasions.
But from an individual point of view if a cold wallet was held for the bulk of assets and hot wallet for transactions the hot would be the only possible point of compromise and any hacker would have to target each individual wallet at a time. Whereas if a hacker gets into HSBC bank they have access to everything.
I think that all makes sense.
Gazz - Because of the fundamental structure of blockchain technology it is by far the most secure way of storing digital data. If you go back to how the blockchain works it is basically thousands of nodes (geeks with computers) that are all tracking, coordinating and synchronizing every transaction. So each node in the decentralized blockchain constantly organizes new data into blocks, and chains them together. So effectively each one of the thousands of nodes(computers) plays a part in every transaction on the blockchain - they call it distributed ledger technology.
Whereas traditional transactions rely on an exchange or clearing house that deals with everything on one ledger.So a hacker only needs to be able to hack into that one system. With Blockchain technology not only would hackers have to get through the encryption algorithms they would also would need to hack into thousands of computers (nodes) to gain any control. Theoretically not impossible but extremely unlikely.
On top of that because you have these thousands of computer geeks (validators) acting as guardians of the blockchain you have a far better chance of suspect activity being noticed as everyone is basically checking everyone else’s activity on a continual basis.
Nothing is 100 percent secure but your hard earnt cash is far safer in blockchain technology than it is in your bank.
Perfect time to get involved.
DYOR but so much is going on here I feel sorry for those who have left for a 10% profit Blu is so undervalued.
GLA MM80
BLU 5p
At a time when the whole idea of crypto is taking a bit of a hit, is it not an opportunity for a company to that is gearing up to link crypto and fiat ?
@Gazzleberry - Crypto isn't safe from cyber attacks - you are right. Sol has had it's fair share of DDoS attacks. But resilience is improving. The risk of cyber attack really impacts everything - remember HBOS (I think) and the unavailability of banking facilities? Tech just plays a big big part in our current lives. Resilience is improving - Crypto companies are running events like hackathons and resilience tests to minimise the risk - but risk will always exist.
Beggars belief why so many flipped here so soon.
Anything could happen within the next few months.
Nice tweet from the Pendulum guys.
Thanks
TheeDuke - Well it just gets more exciting - applications with :-
https://startpath.mastercard.com/spglobal/home.html
https://xcelerator.berkeley.edu/
https://web3.foundation/grants/
more homework for me :-)
Thanks Ragnar very Insightful post I believe my entry points average of .24 will be rewarded may take a little longer than expected but it’s a hold for me Because if dynasty news soon can’t think of many other better plays than this as many know the mcap of crypto coins r coming our way potentially even if it is eventually all depends on future events u c ;)
Gaz - as the roadmap for lumenswap integration with pendulum states Q3 2022 that is only technically 5 to 8 months away. And for that ‘final piece of the jigsaw’ to take place Prndulum will of had to launch on Polkadot. As stated in the recent update the next phase is to enter auction for a Kasuma parachain slot (For those that dont know Kasuma is basically the test blockchain for Polkadot that allows live testing and development)
Moonbean recently (Jan 2021) won the second Polkadot auction slot after launching on Kasuma (as Moonriver) in July 2020, so it took around 5/6 months to graduate from Kasuma to Polkadot. On that basis I would be expecting Pendulum to enter auction for Kasuma very soon.
Just a correction, the top-up was at .298, but still am really happy with that!
It seems like there are some people who will take advantage and buy on thiese discounted prices.
I managed a few at .288 yesterday and was really pleased with myself!
I'm sure you must of been in contact with Blu over the past few months, and if so i know you cant say anything price sensitive but are you not entitled to a seat on the board as being a shareholder with around 11%, i was just wondering that's all.
mystic Dukee ;)
damn well hope you are right though, its well overdue now !!!
we've retraced all the way back to support tendline now, need buying pressure to push price up though !!
Gazz. - Lumenswap. https://lumenswap.io/
Tenth milestone. https://docs.lumenswap.io/about-us/roadmap
Gazzleb'ry ... does this help....
'SatoshiPay Receives R&D Grant from Stellar for Pendulum Blockchain
We are excited to announce that we have received a research and development grant from Stellar Development Foundation to start development of the Pendulum network — a new second-layer blockchain that connects Stellar to the wider DeFi ecosystem by adding smart contract support and bridges to Ethereum and Polkadot'
https://t.co/v275KW6pg4
Gaz - its a minefield. The moneygram investment in Coinme is all about fiat to Bitcoin only and not fiat to Ethereum and other cryptos. The whole Defi business is built on all the newer and more scalable Blockcahins
like Ethereum and now Polkadot. Bitcoin is basically pretty well not involved in DeFI at present. There are a number of companies trying to change that.
Moneygram were tied in with Ripple for cross border transactions but they has a huge law suit with the SEC so moneygram terminated that agreement. The other issue with Ripple was that they used their own token for liquidity - which is a crypto not a stable coin and therefore too volatile. So the tie up with Stellar makes sense (i think) as they need to be involved in the DeFi opportunities.
Having said all that none of the current fiat to Crypto solutions are efficient, which is why Stellar got Satoshipay to develop Pendulum in the first place
Its highly probable that Pendulum could be involved in this development. Stellar stated
‘ As to what might go into the smart contracts and the expected date of launch, Tomer Weller says, ''We're exploring various options for smart contracting languages and VMs, both existing and developing our own. Our main considerations are: safety, scalability, & equitable access.''
VM stands for Virtual Machine (more crypto speak) basically it is the software platform that decentralized applications (DApps) can go on. Pendulum would be classed as a VM
hope that helps
Does anybody have any idea whether SatoshiPay could be involved in this in any way ? Not ramping btw, . . Genuine question. It's all so complicated to work out U.Today: Stellar Releases 2022 Roadmap to Expand DeFi Through MoneyGram with Smart Contracts.
https://u.today/stellar-releases-2022-roadmap-to-expand-defi-through-moneygram-with-smart-contracts