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@only6greens, as far as I can make out INJective is purely for trading derivatives whereas what we’re talking about is the settlement of actual equities, etc.
I really don’t know why BlackXBag is so eager to bash me, tbh, given that most of what I’ve said about this has been largely positive!
Like, I do think getting this tech from crypto nerds and onto Wall St is the obvious end game and the bigger risk (if you want to frame it that way) is that mainstream investment platforms will come up with something that does basically this but is deemed safe enough for pension managers!
Sprangler Do you know how NFTs can be used for the purpose VLRM suggest - as far as I know they are digital stores, INJective already create a bridge between global equities and blockchain using smartcontracts with some kind of staking exchange - bit vague but that's crypto, you can allegedly already buy tesla with crypto on their exchange . When we see a white paper from VLRM Im sure all will be clear and if they can use NFTs for the purpose they suggest then it will be groundbreaking
Well - I thought I had had a genuinely bad afternoon at work today (and I really have!) so I thought I would come on here to see how our tight set of united posters were doing before going for something to eat to get some positive end of day update and make sure everyone was still feeling good .....
Noone is making anyone buy or sell, do your own diligence and do what you want, I know where I sit and its quite comfortable for me lets put this to bed now.
Boy I hope the RNS comes tomorrow just to see what happens to the SP in the short term so we can talk about that.
Nice debate there guys ;)
The 5 March RNS also substantially supports what I’m saying, too.
Vinay Gupta in the video posted below (https://youtu.be/BZ8OqXhfLZw) basically says EXACTLY what I’ve been saying... “liquidizing global trade” via blockchain “if we can get the bureaucracy right” (for “bureaucracy” read “regulation”) is the aim.
Jesus.... THANK YOU.
Maybe Vinay Gupta and I are the only ones who actually get it? Certainly BlackXBag doesn’t.
Yes, but to be fair to Spangler, there is more money to be made in blockchaining paper work.
If Vinay is heavily involved here we could end up in another direction further down the road .
Anyway,
I'm happy with our business model considering I had written my entire investment off.
We know what they said they intend of doing with the company so im not sure why people are arguing.
I'm sure not everything planned is not in black and white for you right now.
Watch this video of Vinay talk about what he is doing.
https://youtu.be/BZ8OqXhfLZw
Then think about the possibilities of this company with Vinay and the company's he is linked to like Avalanche etc
To put it in plainer terms... can I trade cryptos now? (Yes) can I trade currencies now? (Yes) can I trade both relatively conveniently now (Yes).
Would I benefit from blockchain tech? (Yes, nominally).
Would a bank carrying out millions of transactions? (using BNYM as the example again, if you like) (yes, much more substantially than all PIs lumped together).
It’s not rocket science, m8.
Anyone reading this thread will be able to decide for themselves who is more balanced, etc.
The major utility of Valereum, I would suspect, would actually be to entities that were subject to, for example, the CASS regulations (in the UK... substitute relevant jurisdictional regulations dependent on where you might be) ... if I (as a PI) want to trade FX why do I care if my trade is executed and documented via blockchain? I just care about trading the asset! Likewise, if I want to dabble in crypto and then FX, I just encash one and buy the other! This tech has one OBVIOUS benefit (if you cut out the crypto part) and that would be in enabling huge banks to execute transactions much more efficiently. Do you get what I’m saying?
“ BNYM has absolute F ALL to do with crypto” ...
DUDE! valereum ISN’T a crypto!
blackxbag, see what you made me do. i've just gone and bought some more
Yes, I knew you meant total market cap, that’s why I cited BYNM’s assets under custody... $42 trill isn’t the amount traded that’s the published value of assets they hold on behalf of investors.
The fact you thought I meant something else does make me wonder if you’re perhaps not as switched on as you pretend, maybe.
Blackxbag... when have i ever posted on or about ARGO? If it helps, think of me as the board’s Socrates... asking the questions other people likely aren’t interested in or don’t think of.
Yes, I agree that a $20 mil. company could perhaps generate enough turnover in the unregulated space to increase in value significantly. Not disputing that for a second.
What I’m curious about, because it’s obviously where the real money will be, is how this kind of tech will be eased into the regulated space.
Crypto, in its current form, will always be niche.
I really have no idea why you’re being abusive; you only need to read back through my posts to see I’m invested here (albeit by accident) and want these to do well.
For clarity, I meant BNYM has $41 trillion of assets under custody, not AUM... I think custody of assets is the better comparator if we’re talking about potential market size, here.
@fowldzy, agree current technology is looking sorely outdated and that some kind of shift is inevitable... I’m curious as to how it will happen, though.
@blackcbag. ...drivel? BNYM alone has $41 trillion AUM so you can see why (1) your global market of $2 trillion seems a bit “meh”, (2) why I’m more curious about how this technology will find its way into the regulated space ....
Why so aggressive?
@Spangler I don't have the answer but I'm not 100% sure the role would be the same as what it is now. Going back to what Liam1995 stated "A blockchain exchange is a new platform for trading assets. When transactions occur, the entire chain instantly updates. The Public Key reveals ownership and transactions. Trades occur instantly. The 'share' registry is automatically updated. There is no need for registrars, no shorts and no market makers - only transactions" Looking at this kind of system shows how outdated our markets currently are but I agree there will always be hurdles.
yes i understand, not a problem, all good.
Chimers, to be clear, I’m not offering an opinion (positive or negative) about the merits of regulation, I’m simply saying that being an unregulated tech is barrier to be addressed.
Spangler, that made me laugh, regulated securities, with the ****show of sipp's that the regulated advisors where allowed to sell. ha ha ha . i could cry
If the intention (so far as I understand it) is to facilitate a market for trading “regular” securities then I’m not sure how national regulators would view that?
Okay, do you could say the exchange will be effectively unregulated but that would likely limit its potential to being used by unadvised private investors (because no regulated wealth manager/fund, etc, would be permitted to use it)?
Obviously, the regulatory position will have to catch up with tech at some point... but can’t imagine it will happen soon?
Yes it's whether they decide they want to expand the mining side. Yes the most important thing is the transactions and revenue generation. There will be ongoing development costs involved on the exchange and token expansion that will need funding.
A very bright future for this company if managed correctly
San
@Fowldzy
Someones been having a good read and now has the understanding down to a tea (winky emoji)
@Sanboy, my interpretation it was the other way around. In the Sunday Roast he stated the cost of starting tokens and building the momentum is relatively slim so huge funds are not required. I believe revenue will be generated through the transactions on the crypto exchange. Expanding the mining facility will require funding if they are to further venture into BTC but due to the lead times and the high cost of the equipment, i can't see that route being viable. Potentially the mining will look into different cryptocurrencies which would fit in with the notes in 21st April RNS "balanced global portfolio of crypto mining operations"