good post16 Jun 2021 07:06
Tony
trust you are well.
no one can argue with your commitment to BLU and of course you have maintained your holding, we understand and respect that esports was in effect a hedge against Satoshipay, it had to happen , whilst i did not appreciate the dilution, it was a great decision and a necessary decision.
i am sure that if you had your time again, you would have insisted on a seat on the Satoshipay board as part of the initial 30% investment.?
Blue Star shareholders are seemingly left in the dark (satoshipay) and expected to be happy with that, sure this was a frustration for you too.
It is probably fair to say and by all means correct otherwise if i am wrong, but Satoshipay could continue forever developing and taking funds from Stellar, never having to do another thing other than enrich the Stellar network, this doesn't necessarily facilitate ambition as Stellar always there to offer funds.
i did put to Derek with regards selling our stake to Stellar, but of course Stellar is non profit, however if they rely on Satoshipay so much , why not?
we could allow payment in Lumens? ;)
technology has evolved in the last few years at a rapid pace, the potential for micropayments now is massive, it can be used in any payment situation you can think of, the Adult entertainment industry must be ripe for micropayments to view images etc, Getty images could charge a fraction of a payment per image download, we all know the possibilities with regards media, buying an article or indeed subscribing to a particular section of a publication, Sport / Politics / Markets etc, so i still think micropayments has a place when the Dtransfer / Pendulum situation gets resolved.
Grateful for your explanation on the holdup with regards Dtransfer, expected this to evolve much quicker than has, after all, moving funds from point A to point B is not rocket science in principle, so could only imagine it was regulatory issues.
I believe a regular and frequent update from Satoshipay until they IPO would be best idea to placate BLU shareholders, no shareholder enjoys being left in the dark and the messages here are to offer opinion in the hope of some kind of explanation, which fair play to you, you have done !!
Satoshipay have not had a series A funding round, as a speculation my thoughts are that the amount of Lumens they have and its 10x increase negated this, so we no longer have a way of gauging what their valuation is, not that it had any direct effect on the BLU share price in the past , unfortunately
to my mind i would be very happy to see an IPO at Satoshipay within 12 months, to give a chance to exit at a reasonable price.
do you see this as a possibility ?