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Nothing to do with Satoshipay unfortunately
Is this relevant?
https://www.globenewswire.com/news-release/2024/02/22/2833665/0/en/Introducing-SatoshiSwap-pioneer-decentralized-exchange-built-on-the-Bitcoin-network.html
We have dipped to 0.07 on the intra day bid price so we are currently testing all time lows
No doubt major holders here have seen the vision of Satoshipay and the potential of what they are able to achieve, but that hope has perhaps dwindled due to their lacklustre performance
The stock market is the transfer of wealth form the impatient to the patient, this is why we urgently require some substantive news to build investor appetite and with that new buyers
We must be reaching equilibrium soon, however I am concerned if no news by end of next month hats Tony’s pledge to the market failed and with that the price may fall further
Lets be honest, if this share wasnt such a low absolute price, no one would buy it.
If they sell Satoshipay, they'll have a load of cash plus Dynasty and all for a current market cap of £4m......
Worthless, my a**..........
I did and i dont care about it, i am in for satoshipay only
Chester2 - You've clearly not heard of Dynasty. You know that investee company that mangaed to propel this share to more than 6X where it is now on the back of IPO rumours.
If they sell satoshipay , BLU become a worthless share .
I ll be off for good
A Satoshipay sale… I like the sound of that !
...2.5x to 3x....
5,143,619 is me adding........Hoping for a Satoshipay sale and Net Assets confirmed at 2.x5 to 3x the SP.
Maybe Satoshipay will go for a stormer..........
Pendulum opening up a channel with Hydra DX
This proposal aims to complete the first of many steps required to open a bi-directional HRMP channel between Pendulum and HydraDX.
Initially, its primary function will be to facilitate the movement of PEN tokens across both networks. However, the scope could broaden to include additional applications such as incorporating PEN into HydraDX's liquidity pools.
https://pendulum.polkassembly.io/referendum/18
https://hydradx.io/
P78, I thought they were developing offerings that were badly needed? I hope they are, if not a lot of people here are going to lose a lot of money.
I think you're both equally correct but are making different points.
SatoshiPay are undoubtedly brilliant technically. A team of world class developers creating curring edge tech.
But that's also their Achilles Heel.
They don't have a clue how to run a business.
Constantly aiming to take x% of an existing global market by creating tech they hope somebody will use is just nonsense.
They constantly create products that nobody wants, so the business grows organically into something else every time they fail to deliver value. So not creating a meaningful roadmap when they don't know where they're going is kind of understandable
Ragnarr,
When you say dedicated leadership - are we talking about the same company here… This is pendulum who have missed pretty much every single deadline they’ve set on their roadmap.
My side of the coin is based on their fundamentals - do you have any more to elaborate on your point about them being dedicated rather than just your word?
For a lot of people in the crypto space, crypto becomes an obsession for them - no doubt these guys are the same but just because someone has an obsession with something does not necessarily mean they are good at it
please don’t use the ‘blockchain is complicated’ get out of jail free card. I accept blockchain and cryptography is complex and in its infancy, but in a sense it’s not really is it … cryptos have been around for almost 15 years now
Slug - I have to disagree with your perspective of the Pendulum leadership. From my personal experience, the people involved are completely dedicated to realising their fiat-defi vision of Pendulum and the potential it has. However i do understand your reluctance to accept this. As a person of a certain age it has taken some time try to understand the way of thinking of the completely new concept of crypto and the mindset of the people progressing this ‘brave hew world’.
Whether they are right or wrong I do not question their commitment.
NtD
Also in response to your earlier post, whilst I agree with you on the fact that they should be going to different parts of the world, forging business partnerships and signing contracts, are they really doing this ?
It’s one thing going out there and winning business, but it’s another just to go for a jaunt and meet like-minded brainwashed crypto geeks to ratify each others opinion about how blockchain is going to take over the world - it’s the life of Riley for them
Honestly , I think these lot are just out for a jolly
The reason I think this is because of all the previous overseas excursions they’ve done before the Brazil trip… Kyiv, Dubai, Switzerland, Mexico, (I’m sure they also went to Tokyo within the last two years) just to name a few, absolutely nothing whatsoever has come of any of those visits
no wonder they are looking for an investor with deep pockets (November 2023 RNS)
flights & pints & all expenses paid, courtesy of the company coffers
Thanks Ragnarr, however quite a few of the points (albeit in their words) are just the basics of how DLT works
I have no real queries on their tech, perhaps because it’s took them a bloody age to allegedly perfect what that are doing- it’s moreso the business side I am concerned about - who their clients are going to be - what contracts & payment corridors they have lined up to actually start generating substantive revenue themselves.
If my memory serves me right they had an attack on Pendulum on 12/4/23 as I remember the PEN price crashing momentarily on this day - as long as they’ve learnt from that mistake then I have no qualms with what happened.
I note the point other posters have made about Satoshipay not having to reveal their hand, 1) because they are not listed and 2) so that competitors won’t know what they are up to, but until that substantive news hits, it’s still a case of the emperors new clothes
Over on the Pendulum discord channel there was a really good explanation posted of what Spacewalk is aiming to achieve - thought some here may be interested in it.
When referring to Spacewalk as "Trust-Minimized," it signifies that the bridge reduces the amount of trust placed in any single entity during the bridging process. This translates to several advantages compared to traditional bridges:
Reduced reliance on centralized parties: In conventional bridges, a central authority often controls crucial aspects like asset custody and transaction validation. This introduces a potential vulnerability if the central party is compromised or malfunctions. Spacewalk aims to minimize this reliance through:
Multi-signature threshold: Transactions require approval from multiple independent validators, distributing trust and preventing any single entity from manipulating the bridge.
Decentralized oracle network: Price feeds and other data used for bridging come from multiple independent oracles, reducing reliance on a single source of information.
Open-source code: The codebase is publicly available, allowing anyone to inspect and verify its functionality, fostering transparency and community trust.
Enhanced security: By minimizing trust in any single entity, Spacewalk aims to make it more difficult for attackers to exploit vulnerabilities. Additionally:
Formal verification: Critical parts of the code undergo rigorous formal verification processes, mathematically proving their correctness and reducing the risk of hidden bugs.
Post-quantum cryptography: Spacewalk utilizes advanced cryptography resistant to future advancements in computing power, making it more secure against potential attacks in the long run.
Potential benefits over other bridges:
Increased trust and transparency: Reducing reliance on centralized entities can make users feel more secure about their assets and the overall fairness of the bridge.
Enhanced security: The combination of trust minimization and advanced security measures could potentially make Spacewalk more resistant to attacks than traditional bridges.
Decentralized future: Spacewalk's focus on decentralization aligns with the broader trend of Web3 and DeFi, potentially making it a well-positioned bridge for future developments.
However, it's important to remember:
Spacewalk is still under development: While promising, it's crucial to acknowledge its relative novelty and the inherent risks associated with using any new technology.
Trade-offs might exist: Minimizing trust can sometimes lead to trade-offs in terms of efficiency or scalability. Thorough research is essential before using any bridge.
I hope this explanation clarifies the meaning of "Trust-Minimized" in the context of Spacewalk and highlights its potential advantages. Remember, conducting your own research and understanding the associated risks are crucial before using any bridge or engaging in any DeFi activity.
Also been here what seems like forever. Sadly bought in on the initial excitement over blockchain and am also 70+% . Selling at these prices is futile even if I am becoming ever increasingly pessimistic. I’m surprised Thee Duke has sold given he must be taking a really big hit! We should know more as we approach the end of March. Fingers crossed for some good news.
Got bored by then.........
Yes ntd
Partly
Im 60% down
I’ve waited over 6 years so may as well sit it out now
"When mainnet? And when it arrives, will it impress Mr Market?" - totally agree and some of this is why they went to Brazil in particular - South America is a key region for these products. It's galling but you have to go where the opportunity is and for Defi this is global. You cant just get a stall in the local market - i know you know this but, well, but you still throw this one out - if they weren't going to the events I would be more upset tbh.
I am by no means a permabull, (though I was fortunate to have a low entry price) but if I found that I had really ran out of positives I would sell and go. However my gut tells me there is something in Dynasty worth waiting for and that Satoshi is in the lottery draw and as such you never know.
I guess deep down you have the same view hence still here despite that in many places hard to refute list in the thread. So, deeeep down, somewhere really deep there is fomo keeping you here and is such, you may need to sit down for this bit, you are somewhat bullish - HA! I look forward to celebrating our cashing out of here together sometime soon - maybe with a penny or two (kidding).
AtB
NtD
You clearly didn’t read the second to last paragraph in my last post