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"Miners don't believe it's possible... It's revolutionary tech and they think brute force is the only way."
Do you seriously believe that multiple, multi billion dollar technology companies in a multi billion dollar industry haven't employed some of the cleverest graduates out of the top universities to explore efficiencies across the board including whatever FG has come up with from his shed.
Why is it left for investors to second guess what the 🤬is going on with this company. The facts should be presented clearly and honestly but instead it's all nod nod wink wink, 2.6 times, live testing.
If Suthy and Jambone stop their mindless ramping the trolls won't need to respond their fairy tales.
I'm here watching because if what they claim is possible then it's fascinating but at the moment they've provided no evidence whatsoever and even the CEO himself said the miner's don't believe it's possible. And the only testing they're doing seems to be in a lab on one machine, if yesterday's video is to be believed.
I've been looking and I can't find an official announcement nor a clear update where the basis of the claims are made.
Why isn't this being shouted from the rooftops for potential investors, potential clients and to be peer reviewed.
If each of those points is true then why are they not clearly communicated by the company?
Why does the company treat shareholders and potential investors with such contempt?
FG has not said "Live tests are being done with potential clients."
He has said
"But that's not enough because the next level is to show live the performance of the technology"
And the nudge nudge wink wink brigade have let their imaginations run wild.
"Primarily, these videos were created to spread the word of what QBT is doing to the wider global market-more with possible end-users in mind, rather than shareholders. What we didn't anticipate is every shareholder would interrogate each and every 30 second clip. So, I don't think there will be any more now."
If that's a genuine response then it's even more mind blowing than the videos. Do they give similar responses to miners asking questions?
Wow Suthy, did you even watch it?
Miner's not interested, trying to prove the results on 1 machine in a lab. Not even begun to think about scaling up testing on 10 machines, 100, 1000, 100,000 and the challenges that would bring.
Here is a transcript of yesterday's video, an awful lot of waffle.
As ever it's left open to interpretation but I can't help feeling that Suthy and Jambone have let their imaginations run wild again.
"There is a combination of factors which made us so far credible counterparts for these big companies.
One is the UK based nature of our company
The other one is the listed nature of our company
A third factor is the quality of the universities that we have involved.
So, it is a combination of element which basically have given us access to the top management of these players.
But that's not enough because the next level is to show live the performance of the technology.
But being listed in London, being a UK company has definitely helped in the initial approach to the large players"