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Coe, that’s a good idea if it was that easy. I agree, if you have the coding knowhow, dropping a new coin onto the blockchain is relatively straightforward hence the 1,300+ coins in existence. However, a coin by itself is useless without the backing of assets, investment, practical application or a general desire to own it. OBC are trying to creatie digital assets with a purpose. They are not backed by some Ponzi scheme or have a hairbrained investment idea. They are creating different coins for different applications. As with most coins, they will be worthless bits & bytes in your wallet if you chose to mine or buy any but my point in the last post was it only takes one to hit the sweet spot. Speculative to say the least. I like they are targeting economy’s with struggling sovereign currency’s. There’s a chance the alternative offering to the public of a digital currency protected from their current economic issues and the possibility of it repeating bitcoins success but locally to that region could create a powerful market for the first coins to the market. Which OBC seem to be doing. On a more general note. Keep an eye out for inflation worldwide. We’re heading for an interesting few years. Worldwide sovereign debt is staggering g compared with GDP. The chance of it reducing is zero. The interest on this debt is crippling. Hyper inflation is coming and the clever money will be moving out of cash. Not saying it will all go into crypto but this will be one of the drivers of the next bull run.
Lol. It is a long shot but as OBC keep working on alt coins for various counties including apps and wallets, it only takes one to be a success. Especially as it reported OBC are pre-mining these coins and using the Argi coin as an example, hold 20% The top 100 coins range from USD132bn to USD91m OBCs share of one of their coins if it hits the sweet spot and makes it into the top 100 would be USD18m If one of their coins to go mainstream sovereign crypto currency you are looking at valuations worth billions and if the keep back 20% as part of the pre-mine...... Speculative but downside considerably reduced since its fall from last years highs.
Something is coming!!!
DYOR Massive amount of interest. RNS was forced out due to BMDs usual shenanigans. Hence it’s pretty downplayed approach. Dev much further ahead than Manila and some serious followers already in. Well known (in crypto land) early adopters. 48-50p seems a pretty safe entry level.
Don’t understand why you feel the mining pool is old news? Surely that’s down the the recipient. It was news to you and many others this morning there’s a active mining pool. The fact the mining pool has been going for a few months isn’t up for debate, its whether OBC/AFN can attract enough subscribers to this service to generate decent revenues from it. You’ve been asking how will OBC make money out of blockchain, the mining pool one area of crypto money can be made off the back of other miners work. A mining pool won’t make a penny without a large loyal community but looking at ADVFN subscriber stats, they have a massive advantage over anyone else starting up a new pool. They just have to get their marketing team on it. Looking for he best route to get an ADVFN subscriber mining news for profit through happypool.io
Little top up now reported.
Agreed, not much in today’s update to get excited about. It does show they are exploring various crypto avenues but there’s nothing in the RNS to have new investors clambering to get on board. Nice to see they are developing a mining pool. This is one area where easy money can be made just by way of making a small percentage of other miners work. The numbers can be huge if you get enough miners onboard. Hopefully OBC & AFN will be marketing happypool.io to its millions of subscribers with an easy tutorial to encourage them to have a go at mining. Make it so someone totally new to crypto mining can get up and running in 10 minutes with no previous knowledge. Bring mining to the masses via thier huge user base. How many other blockchain plc’s have access to such a huge exsistng curious client base to get a new technology based investment moving. Little top up this morning. Will keep adding when funds allow sub £1
Coe you ask what’s the point creating more than one coin!!! Haha, how short sighted could you be???? There are many purposes of a crypto coin. Please do some reasearch before showing your ignorance to crypto or blockchain on here.
Nice to see a healthy market for OBC Can sell 10k without going NT and can buy 4K but over offer price. BMD whispers there’s news to report from Far East?! About time!!
You are proving Hardy by your continuous posts that you have an agenda or vendetta against OMB or BMD. Your comments are baseless and just serve to disrupt the board. OMB & AFN are cash generative, profitable well established PLCs. Only one fundraise in 16 years. They have a business model which is able to adapt to new technology and money in the bank. They have their faults as do all businesses but to continuously try to point hem out is getting a bit desperate and boring. You may be able to influence a few PI’s and lose them money but the clever money is slowly buying up OBC when decent quantities are available. OBC are not mining from a north London address for BTC or ETH. The mining outfit is working on proof of stake contracts to prove out its superiority over proof of value and test the release of crypto they are working on for third parties. This is the underlying value store to back any crypto currency of it is to hold its value. If the Philippines are interested in OBCs reasearch and use OBC to develop a currency which won’t sink, OBC will be the go to company to get a coin off the ground. The fees alone are worth a fortune with the right algos and contracts in place.
You can bet when an illiquid AIM stock received this much attention by trolls, there’s only one way the stock will go from here and it’s not down. They are very quiet when the stock is falling as their agenda doesn’t require any help. But when a stock is about to explode, the trolls hit LSE and Twitter hard. I’ve never seen such an attack on such an undiscussed stock. Ive seen it time and time again, a desperate attempt to disrupt any lines of communication hoping to discourage any new investors. There must be something big about to drop if OBC is receiving so much negative attention. Time to top up.
If you want to stay ahead of the news, follow the right developers on Twitter and developer forums.
The news is they’re flying back from the Philippines today with a significant deal under their belts. A few T&Cs to finalise and a signature or two and it will be RNS worthy.
Years too late for what? I bet you the type of person who would say everything that can be invented has already been invented. There are numerous ways to make money in blockchain development. Do some research.
Isn’t the point and short sighted if your reasearch only goes as far as deciding if a crypto coin will make OBC money. There are many companies involved in disruptive technology and producing products and apps to support the new ledger style of data storage. The share price has been hammered because OBC hasn’t reported what offering they are working on which will generate income. A few small teaser projects as part of their R&D but nothing to get excited about yet. It may never come, just like buying a stock in an explorer drilling for oil. They may strike oil, they may not. If you buy before results and they strike oil, you gain maximum upside. Buy after the news has landed, there’s still money to be made but not as much as the brave who took the gamble. Screaming buy at these levels.
Backing up comments isn’t difficult, responding to counter arguments with no basis to posters who only seem to follow BMD around posting drivel is pointless. (As is this post) Twitter accounts by the same users with similar ID which also only have disruptive tweets on anything BMD has done. I’d call that a vendetta, it’s not a constructive discussion.
Hi Mee, I did have quite a large holding of OBC and still do in AFN. Bought a few in the dip below 60p and will add further if still below £1.20 when funds available. The SP has taken a hammering and there does seem to be a few people who have a vendetta against anything BMD get involved in but this only creates buying opportunities for the brave.
Ok, you twist the word ‘develop’ a coin but there is still a lot of development involved in launching a coin especially if you are going to offer a mobile wallet and try to get joe public using it rather than just crypto nerds. A Philippines exchange has already agreed to list it.
Hi steel, manilacoin hasn’t been officially released. This isn’t due for a couple of weeks. It’s live as it needs to go live for test mining. The lead developer has been posting his work on a forum. We are finding this out a couple of weeks ahead of official launch. Manila is a project I really wanted to work on because coins that make the world a better and fairer place is important. With a mobile wallet this Manila coin could fuel growth in Philippines in a big way I hope to make a mobile wallet for Manila at the first opportunity because 86% of households there do not have a bank account
Interesting to see OBC working with developers elsewhere to develop new coins. If just one of these coins succeed........ Manilacoin not even released yet and crypto forums already buzzing about it. Waiting for the white paper on the new national crypto coin. This has leaked and mining pools have already pushed the hashrate up as they see its potential.