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Snippets from CEO Interviews
There are many interviews with our CEO and I have taken some snippets from when we changed from Clear leisure to Quantum Blockchain Technologies Plc.
26/04/21 “We finally think we can do what we think we are best doing, which is focus on very very deep and complex and challenging technology.”
“We think we have got access to the ONLY existing Quantum computer; we will develop on this computer most of our new software.”
Question: ‘Can you comment on the 5p & 10p stock options?’ “I think setting theses targets is a clear message that I believe that the company really has huge opportunities, and I am betting economic results on the ability to achieve these share prices.”
RKB
https://www.youtube.com/watch?v=Itgd72e0trk
Snippets from CEO Interviews
11/05/21 Question: ‘So why Quantum Blockchain Technologies?’
“Let’s focus on Quantum. There are a few things that change the course of mankind. Recently we witnessed the digital revolution in the early 60’s with computers that were invented with digital transistors. We are now very close to a similar revolution.”
“In terms of what is really going to change the course of history, we have the energy batteries will give us unlimited energy but of course of history will be changed by quantum computers. When you have this unlimited amount of computing power, you have no more boundaries of what you can do.”
RKB
https://quantumblockchaintechnologies.co.uk/investor-relations/ceo-s-interviews
Snippets from CEO Interviews
5/11/21 ‘You have just announced the first phase of your FGPA, can you explain what this is and why it is important to you?’ “It is important because it is one of our five different approaches to extract Bitcoins, developing a chip which is the most traditional one which has only one job, extracting a Bitcoin. So we have to design a chip, once you have a prototype of the ASIC chip, which is the technology used by all miners.
“So, the numbers that we released today in the RNS (24% quicker) are likely to be improved. If you today decide to mine, you have to place an order and in the meantime if the price of Bitcoin increases, they will increase the cost of the machines that they will deliver to you.
“We want to be independent and develop our own chips or our own miners and in doing so, we think today as we have proved today with our announcement (see RNS) we can be even faster.”
RKB
https://www.youtube.com/watch?v=J2HEWcLoN3A
Snippets from CEO Interviews
3/12/21 ‘What are you trying to achieve here with this R&D program?’ “Just to remind you, our goal is to develop the fastest Bitcoin Miner. We have different ways to achieve this goal and the Patent is the most reliable approach and the one with the less risk, which is developing a chip which will run faster than existing chips.
“Going to more advance approaches this Quantum algorithm WE DEVELOPED it’s a major major improvement, we have proved that it works (theoretically) and have teamed-up with one of the largest manufacturers of Quantum Computers. We know that our algorithm will work on a Quantum Computer so we want to be in a position (1 or 2 years) when the Quantum Computers are available, we are ready to mine, and we will protect this with a second Patent.
“We are now in a position where our AI algorithms can be combined optimised mining algorithms and we can start trial mining.”
‘What do you think the significance of working with these two tech companies?’ “What we found really interesting, was that as soon as we approached them, one is in the United States and the other in Japan, they immediately wanted to sign an NDA when they realised what we were doing, they immediately made available to us their facilities.”
See also RNS 30/11/21
RKB
https://www.youtube.com/watch?v=fqL84gHJOSQ
Snippets from CEO Interviews
12/09/22 ‘If you could give us three good reasons why people should follow Block Chain Technologies?’
1 “Because unlike most of the companies in the crypto space we do not use Miners we design Miners.”
2 “We have a Team that develops quantum algorithms and Quantum Computing is the Future.”
3 “We have an excellent team of 20 brains that we put together our strategy and our approach to R&D is to keep the team members happy, keep the team consistent over time and we have a team of 20 excellent brains working 24/7 on this program.”
RKB
https://quantumblockchaintechnologies.co.uk/investor-relations/ceo-s-interviews
Snippets from CEO Interviews
1/11/22 ‘Good news today, you have had a Sipiem court ruling in your favour.’ “What we are going to talk about today is the past of the company which we can’t ignore. Before the U-turn in May 2021 when we became Blockchain Technologies, as Clear Leisure we had a number of litigations for claims that we filed against Companies and individuals whom we think did not behave correctly in terms of their relationship and we went after them in court.”
“In this particular case we are talking about the situation with Sipiem, which was an investment of £6 million in shares and cash. This investment was done through Sipiem, which was a holding (company) which had a large stake over the water park (Ondaland) It turned out the money in Sipiem never landed in the water park (we were rinsed)”
“Also, the ownership of Sipiem had been taken away with a very funny shareholder meeting. This court case has taken 3 years and finally the ruling came out (last week)"
"We were awarded €6.2 million (with interest and adjustments about €11.1 million) Our lawyers are trying to work out the exact amount of the interest and the effect of INFLATION (for past 8 years) which I don’t want to anticipate but it is a large a very large number.”
‘It has taken, what 7 years, is that correct?’ “Yes, but I think this is very representative of the spirit of this company that we are determined, we never give up and if we think we are right we will go to the end. Without changing the subject that’s exactly the same approach we apply to our R&D. We are determined and we work every day and are very clear what the objective is and are working with discipline and this is the spirit and nature of our company."
RKB
https://quantumblockchaintechnologies.co.uk/investor-relations/ceo-s-interviews
Snippets from CEO Interviews
15/11/22 ‘Please give us a brief summary as to Quantum Blockchain Technologies is all about.’ “Basically, our main goal is to develop miners that would be faster, cheaper and more energy efficient than existing miners and to do so we set-up a team of 20 scientists and we are approaching the problem from different angles, the ultimate solution is the use of Quantum Computers and Quantum Algorithms. We have developed the algorithms and we are just waiting on the Quantum Computers to be available. When that is the case (when Quantum Computers are available) the speed will be improved by 100,000’s of times.”
“In the meantime, we are using different kinds of technologies to improve in a very material way the current performance of existing miners.”
‘So far you have method A and method B using your algorithm and these are on your standard computers that are used with the bitcoin Miners and in the Lab, you have come up with an improvement of 30% is that correct?’
“Basically, what we do is replace the operating system of an existing miner with our operating system which has an element of machine learning and there are two different machine learning techniques (A & B) this is basically intelligence versus brute force. We can install this intelligence on existing miners.”
‘30% is huge, when you think of these Bitcoin miners, they have 10 of 1,000’s
of Bitcoin miners.’ “Yes any large miner will have 100’s of these machines and each machine would cost between £5,000 & £10,000 depending on when they bought them and saving 30% and instead of investing another 30% of your capital to buy new machines you install the software and you get a boost of 30% which is huge.”
RKB
https://quantumblockchaintechnologies.co.uk/investor-relations/ceo-s-interviews
Thanks RKB. As ever your insight and information is very helpful.
I remain open minded as to whether this will go anywhere.....
Good afternoon LtdAxis
I trust you are well.
I think you will understand why I am posting here at present.
I attract a few trolls and I can post on here without them clogging up the B.B.
Patience will be rewarded, and a little extra research will give you a 24-hour advantage, all you have to do is watch for the buys at the open.
I wish you well.
RKB
I understand perfectly. There have been times when the CLP/QBT board was good banter, but it has deteriorated somewhat.
I always keep an eye on the trades. Some of mine even crop up from time to time too ;)
Snippets from CEO Interviews
15/11/22 continued. “We can licence our software and get revenue like a percentage of the extra mining that miners will achieve by using our software and that will not dilute investors (shareholders) and will generate revenues.”
“Like I said, we do not rule out mining using the algorithm ourselves, because this 30% I am not saying it will be more than 30% but it could be more than 30% because every day that we speak we are still tuning our machine learning.”
‘Are you in discussions with Bitcoin Miners at the moment?’ “I cannot comment on this, it is very sensitive information.”
RKB