Member Info for BobsSocks

"Twisty little passages, all alike."

Perhaps someone else can give my head a wobble?

30 Sep 2021 07.00 AM Asic UltraBoost - Patent Application

https://quantumblockchaintechnologies.co.uk/images/QBT_-_ASIC_UltraBoost_Patent_-_Final.pdf

"The board of Quantum Blockchain Technologies (AIM: QBT) is pleased to inform shareholders that, as an

initial result of its new research and development (“R&D”) strategy in respect of disruptive proprietary

techniques for Bitcoin mining, the Company, following the outstanding research work of its cryptography

expert, has filed an application for its first patent– the ASIC UltraBoost."

Which, as we all now know is linked to on their website,

https://quantumblockchaintechnologies.co.uk/patents-ip

Asic Ultraboost

See Patent Filed,

https://www.ipo.gov.uk/p-pj/p-pj-ukappfiled.htm?startYear=2021&startMonth=November&startDay=10th+-+6912&endYear=2021&endMonth=November&endDay=10th+-+6912&filter=GB2113962.1&perPage=10&sort=Applicant

GB2113962.1 is the application number.

More recently,

24 Jul 2023 07.00 AM Patent Application

https://quantumblockchaintechnologies.co.uk/images/QBT-_Patent_Application_-_July_23.pdf

"QBT (AIM: QBT) is pleased to announce that its cryptography expert and Cryptographic Optimisation

team have developed what the Board believes to be an innovative approach to SHA-256 optimised

computation for Bitcoin (“BTC”) mining. The Company believes that this novel approach, called Message

Scheduling For Cryptographic Hashing (“MSFCA”), addresses one of the most challenging problems in BTC

mining: partial pre-computing of future blockchains’ blocks."

Which, as we all now know is not linked to on their website,

https://quantumblockchaintechnologies.co.uk/patents-ip

ASIC EnhancedBoost

No link...

As, I'm telling you because I have filed for patents myself. The company will have been given an application number for their application but they choose not to publish it. Indeed they have even chosen to obfuscate access to their patent application referenced on the page for Asic UltraBoost.

However, as you now know, you can find it here...

https://www.ipo.gov.uk/p-ipsum/Case/PublicationNumber/GB2611321

The title for the Patent announced via RNS on 30/09/21 is,

"Message scheduling for cryptographic hashing."

The title for the Patent announced via RNS on 24/07/23 is,

"Message Scheduling For Cryptographic Hashing."

Same words different capitalisation.

I think I've got that right. The cat interrupted with a request for nom noms but I have tried to check a few times and reached the same conclusion.

Perhaps the Company Nomad can check those two statements via RNS and ask to Company to issue a clarification?

New thread in the expectation of a pile on.

@Jez

@DSFLAT

"I believe we have reached the point where FG has made some fairly *explicit* claims and has to soon start delivering."

As the CEO of the company he is limited in what he can say via RNS. That's the same for everyone and it's why you get disclaimers such as "forward looking statements" at the bottom. Read the actual words in the statements, for an RNS from any company, and you will generally find that there is no guarantee of delivery of the words. Indeed the words are chosen to avoid doing so. The same applies to statements made off RNS, in podcasts and tweets. Again listen to what is being said and you will hear no guarantee of delivery.

https://quantumblockchaintechnologies.co.uk/images/QBT_-_Placing_30_Oct_23_final_-.pdf

Francesco Gardin, Executive Chairman and CEO of QBT, commented:

“We are extremely pleased to have completed this £2 million fundraise, as we believe it will fund the Company through to revenue."

"We Believe" is not a guarantee. "Revenue" is both undefined and meaningless without any idea of costs.

How many other shares have you invested in, or not, where something in an RNS became reality versus the times when it did not happen? How many times has someone else stated "We believe this placing will fund us through to revenue." and then, whoops, another placing 6 months later?

Even @Jez uses the phrasing,

"I believe we have reached the point..."

Now before some of you go off on a rant and report this post for defamation. The above is written on the basis of a 'comment' from the CEO of a Company and, as you all should know, it is standard fare for such people, delivery or otherwise, to choose their words carefully.

How much trust you place in such words and how you decide on such trust is a choice for yourselves.

Hmmm. He does seem to be a bit on the fringe. Still. There's always a first time ;-)

Ahh... Of course a fatal flaw in my thinking is that the RNS,

https://quantumblockchaintechnologies.co.uk/images/QBT_-_Placing_30_Oct_23_final_-.pdf

Does not mention how many parties were involved in the placing. Obviously if there were four visionary investors with an equal share then that would be just below 3% each and therefore no need to issue TR1s.

With the proviso that I will eat humble pie, another bacon roll, when it lands and yes I hate myself for this one...

Someone, at least for a moment in time, spent £2 million and held 11.5% of the shares in the company. Obviously they must know something we do not. 11.5% should be worthy of a TR1 unless they have managed to sell below 3%.

"Bob? Hat tip? Are you agreeing that the scenario could be possible? But as nothing has been announced "yet" that it is unlikely?"

That's more or less it in a nutshell. You might apply the same line of thought to any other speculation about QBT incorporating their technology into other people implementations. If QBT have not announced as such then it ain't happening. More so for Intel implementations.

In the case of Jack Dorsey and Block then given the advanced state of their current development and targeted release to market early next year my presumption is that QBT has no involvement in that product. If they had then they would have announced it, Jack would likely have paid for it, and the SP would be sitting at the 50p - £1 everyone is dreaming about without the company having to raise £2 million @ 1.5p

Hat tip to Addison for the add that the product is due for release in early 2024.

It may also be pertinent to note,

https://www.mining.build/meet-the-mdk-hashboard/

The article is dated OCT 17, 2023 so it looks like they are on target for doing so.

https://www.mining.build/content/images/size/w1000/2023/10/Blog-Hashboard-Top-Side.jpeg

That's 50 chips per side for 100 chips in total. Notice how the chips are spaced. The density increases top to bottom. That's a thermal design consideration. The heatsinks will sit on top and cooling air will be blown front to back. The choices made represent a cost in engineering and time. You don't commit to finalising that sort of stuff until you are certain.

Obviously, if you believe them, the technology QBT claims to have would have had a major impact on those choices and yet there has been no announcement by QBT that they are involved in the design or the product. This stuff from QBT is supposedly ready to go but all they are doing is talking about it.

Many of you are dreaming about a news drop sometime in the, very near, future that is going to send the SP to the Moon. Announcing that they were collaborating with Blockscale on this Hashboard product would have had such an effect. QBT have not done so so, saving the fallback bleating about NDA's, you would have to assume it hasn't happened.

It seems the man has it in his blood.

https://www.forbes.com/sites/digital-assets/2023/05/04/jack-dorsey-donates-10-million-to-fund-bitcoin-development/

What of Blockscale?

https://bitcointalk.org/index.php?topic=5470920.0

"Jack Dorsey's company Block has completed the first prototype of the 'hashboard' for the 'mining development kit (MDK)' and presented it to the public. The kit is designed to help developers create innovative applications for Bitcoin mining hardware. the design of the hashboard is focused on the **open source** character and the desired further development."

https://www.mining.build/meet-the-mdk-hashboard/

Given the man appears to have embraced the open source ethos what are the chances that he would consider poisoning his new found culture with closed source propriety algorithms and hardware?

Yes Folks! It's another musical interlude. For a change this time I have chosen one from Rush :-)

Subdivisions from Signals. An all round good album, as they all are. However given we are reaching Peak Cult this one seems appropriate.

https://www.youtube.com/watch?v=EYYdQB0mkEU

@jez

Sounds like a plan. Some of what QBT does occasionally make sense.

Broomtree- that’s what anti-troll trolls do, they invent silly numbers out of thin air and then call you Broomcupboard if you don't agree with them.

"I also don't understand why servers in a data center are fine to protect IP but servers on a clients site or not. Perhaps someone more knowledgeable (Eddie?) could shed light on this."

Eddie will be more knowledgeable than me but if you gave me your laptop, which you thought you had locked down, I could drop in my Kali Linux Live USB image and recover, cough, all of your data for you.

Https://mastodon.social/@web3isgreat@indieweb.social/111352823402409210

https://web3isgoinggreat.com/?id=monero-community-wallet-hack

Other tales of zoomer success here,

https://web3isgoinggreat.com/

Of course I may have got this wrong... Digging deeper Section 20) mentions Section 97),

https://www.gov.uk/guidance/manual-of-patent-practice-mopp/section-97-appeals-from-the-comptroller

So it would appear that it is possible to appeal. In effect the case moves to a higher body.

Perhaps some of you might notice how I have gone the extra mile, admitted my mistake and given a clarification. Compare and contrast this to the the interminable repetition used by others.

Https://quantumblockchaintechnologies.co.uk/patents-ip

Asic Ultraboost

https://www.ipo.gov.uk/p-ipsum/Case/PublicationNumber/GB2611321/Bibliography

Compliance Date (Section 20 Date ) 29 March 2026

https://www.gov.uk/guidance/manual-of-patent-practice-mopp/section-20-failure-of-application

"If it is not determined that an application for a patent complies before the end of the prescribed period with all the requirements of this Act and the rules, the application shall be treated as having been refused by the comptroller at the end of that period, and section 97 below shall apply accordingly."

This application will die a natural death on the 29th March 2026

Note for Numbskulls. The above is not a lie. The facts above are linked to and you may verify them for yourselves. Something the anti-troll trolls regularly fail to do choosing instead to make up their own words based on what they think the company has said to suit their fantasy reality and projections of unimaginable wealth.

In respect of the IP now being protected because it will be squirreled away on a QBT server in a locked room in a cellar with a ‘Beware of the Leopard' sign then, for this prime piece of QBT technology, assuming it does anything, that genie is already out of the bottle. It has already been published and is available for implementation by anyone who cares to try it. They can also do so without fear of challenge should QBT fail to achieve grant by that date in 2026.

It seems the limit is 5 years and 6 months from filing. The clock is ticking.

After 29th March 2026 it is Game Over.

The same scenario will apply to,

https://quantumblockchaintechnologies.co.uk/patents-ip

Asic EnhancedBoost

Unless they withdraw the application within 18 months of the filing date it will be subject to publication for all to see and implement. Again if they fail to move to grant within 5 years and 6 months then others can do so without fear of a challenge from QBT.

Once again I have no doubt that the above information will cause no end of howling and gnashing of teeth along with the usual accusations of being short or trying to get in at a lower price however QBT would be wise to consider the above information, provided for free, in any decisions they wish to make about the above applications.

Having read the article closer this may be of some impact for QBT. The person concerned appears to be suggesting that they have a method for quantum computing that does not involve low temperature qubits and has implemented it. This is one of the specific goals that QBT have stated that they are waiting for. That should excite the cheerleaders but no doubt many of them will continue to scream Troll Shorter Agenda and misspell my name.

Https://www.tomshardware.com/software/security-software/quantum-rsa-2048-encryption-cracking-breakthrough-claim-met-with-scepticism

As yet unproven but it is going to be peer reviewed by the community.

I have absolutely no idea what the ramifications might be for QBT or others.

"Digital twins and product ownership guarantees for life"

Seriously? Does that one come with a guaranteed 18.6% return on your investment and are the hashes salted or does your cash get salted and invested elsewhere?

"Take a look, say what you want on there for free and decide if it's the future of social media content (when it has sub categories) or it's just some Bitcoiners playing with a new toy."

Sorry to sound a bit negative, surprise, but that's a bit like using a VPN. You have to trust the provider. As to it being the future of social media content I am running a Mastodon Instance on my Pi as well as a mail server, I use PGP for secure messaging and Letsencrypt for certificates.

Apparently I already have the toys, old and new, and I certainly feel and have no need to start paying some crypto zoomer in their fantasy currency in order to do so even if they do claim they can now, supposedly, burn the planet 2.6 times slower.

Not at all. I wouldn't worry about spurling mistooks. Only trolls who will accuse you of being short and having multiple user names, or being foreign, with nothing of value to say themselves will pick up on them.