Member Info for BrownAdder

Taiz

"If Tally really takes off to PayPal levels then that's a heck of alot of gold to buy,hold, administer etc."

PayPal transaction numbers are huge.
But PayPal isnt the biggest bank or biggest money holder.
And it will never be.

TallyMoney will make money per transaction.
More transactions will just see Gold Amount going-in and going-out more often.
With increase YOY on transaction numbers
Some increase in gold holdings.

With that in mind
Target Customers are
1. Individuals.
2. Small to Smaller businesses.

Thats enough to get millions just for me.

TallyMoney will never replace
Sovereign gold,
Central bank(s) gold,
Gold ETF holdings,
Institutional Gold,
Investment Gold,
Hedging Gold or anything else.

Hope that helps.

Thats very interesting woody2002 and thanks as I wasnt aware of this position.
Its comforting as I only got into Lion for Goldbloc - now TallyMoney

but if TallyMoney will be the main bread earner - then help me get the following right

1. Our relation with Railsbank is mutual / symbiotic. Not profitable ?
2. Goldmines, should we rely to supply our own gold... but worth the wait for years ?

ditto RestLess

I spend an hour once a week to check up on EVRH progress wise, etc.
I get these huge sensational chills.
See how quickly Apple has fallen in last week ?

Next tech race belongs to VR
and MVR will cover it for us.

PS SP is making higher lows, if traders are making money then let them be.

we are not removing fintech out of Lionsgold at all.
its actually not possible as Lionsgold will remain parent company any and all the time.
whats alphabet is to google.

secondly we know that Railsbank is very very certainly a success - its in the bag.
tallymoney will need a lot of starting work - why bring one down should other dont work ?
mines as you know is another good few years worth of work at least.

so
no, fintech doesnt leave Lion at all
its just that we keep baskets separate and raise money.

mind you the baskets are kept separate as it is.
if someone wants to put money in TallyMoney
they will know that their millions wont go to goldmines.

djwall1s

Firstly, Lionsgold is invested in Railsbank
Secondly, Lionsgold only has to put 70-75% of the shares on the market, retaining 25-30%.

It could allow TallyMoney to grow independently.
And Lion to streamline its own business model.

I am only discussing openly as to what could propel TallyMoney into stardom, this being one idea.

b1gdeano

Yes, best not to touch that sore topic of current share holders. That always edge conversation onto stranger plains.

RogerA

Leaving aside the current standing of TallyMoney company - which you rightly mentioned.
If TallyMoney is floated on AIM,
Could that help establish TallyMoney as a leading financial product ?

1. Will that allow a clean slate for TallyMoney ?
2. Separate it from the messiness of gold mines
3. Remove co-dependency of Railsbank on Tallymoney and vice-versa
4. Attract any prospective investors to go straight to Tallymoney

Will and could that help make TallyMoney the next best thing.

PS. I have not touched the issue of current Lions shareholders on purpose, I am sure something could be agreed.

no sh!t RogerA

What do people think

If TallyMoney Ltd is listed instead of Lionsgold ?

Yes
Its one of those programs which are least likely to stop.
We could argue later about how profitable it might or might not be.

Tatjana

whats your source of rumour ?

Tatjana

That could be possible, I havent heard yet.

What I do know that Pak-China company and its projects are being re-structured.

I dont think the plan has been shelved.

fb socials now need MVR more than MVR needs them

like wise...

I think, in fact I would like to bet £50
That we will get whatever we need from Europe.
The Swiss, The Liechtenstein, The Bavarians.... they wont let anything like this go away and cause problems in future. These barons have lent money to every war in Europe for over millenia and guess where people still hide money ? Switzerland.

I dont know how much time and courage Lion has but buy-out isnt a bad option.
Thats my hunch, just a hunch.

https://twitter.com/WildCaffeine/status/1062075669633470464

really really well spotted.

maxdba thats going straight to my twitter - that's how a genius would look at things, didnt know you had it in you :P

Just briefly, full reserve banking is as good as theory goes but its impossible to achieve, therefore even 99% full reserve bank would end up being fractional.

One reason full reserve banking doesnt work that it reduces profits massively. Banks do not like that.
Full reserve is also not just radical its also anarchy.

If Lion can pull this, they will be hugely popular but perhaps not as profitable. For example they wont be able to use customer deposits to start an insurance service, or issue loans or benefit from any other profitable functional derivative of interest rate. It further restricts money printing, and Central Banks do not allow it anyway.

Thats my understanding and I am happy to accept that you have a better view, I understand economics but banking is not my expertise.

However if Full Reserve Banking is what Lion is aspiring then that will make Lion very very lonely, there will be no support.

Disruptive ? yes and very very.
Profitable ? That depends on transactions.

Banks (whatever type) make more from number/volume of transactions than anything else. Example of this is Banks crying over Brexit, they wont lose customers incase of brexit, their transactions will get trimmed.

Lion cant manage transactions without Clearing.
Clearing again is managed by current banking monopoly system.
Lion cant issue its own clearing - thats not possible.

Coming to last bit now;

B2B2C - my understanding is still same before this B2B2C was announced.

Lion will have a daily/weekly etc buy-sell facility with WholeSaler.
If 1 person order Gold on TallyMoney and order 100 Troy Ounces.
Tallymoney account will show the same amount in their account.
In reality no gold will move.
Money in account itself will go up or down, depending on gold price change.
People will spend money (as gold) on card.

But lion will buy 100 troy ounces end of day or weekly, in a single transaction from a wholesaler.

It could go in few ways.
But we agree Lion needs Gold Supplier
Then achieve all this at a profitable cost.

If people start spending gold then we will have anarchy.
btw full reserve banking prevents tallymoney insurance, tallymoney mortgage, tallymoneyloan -

definitely sounds fun !
I give them 6 months.

b1gdeano

Firstly let me leave BigMJ out of this, his circumstances are not comparable to me, I dont know about you.
I am not earning as a director of LION.

Lets get back to technical side.

Suppose Tallymoney was a new Small standalone bank like tiny LLOYDs,
Launching its app wouldnt be a problem.
Bank Transfers etc are standard features now.
It will do what a bank does...

Except that it will have to ensure minimum deposits and liquidity as constrained by BoE and ECB and Global Transactions etc.
But until that is guaranteed, it wont get the license to do so.

TallyMoney is trying to be a bank
Dont be confused with full reserve banking term, its just another name for A, Any Bank.
They cant fulfil the above requirement.

But they can collaborate / merge with another bank ? YES - piss easy if other bank wants to.

Thats what the RNS said, I am not making any of this up.

Then comes to Gold currency bit.
If I am a customer, and youre TallyMoney company / bank.

I pay you over the app, easy stuff, takes half a minute.
You tell me I have now gold of the amount paid.
Fair dos. I then either hold, sell or accumulate more.
That's also piss easy.

But somewhere you, TallyMoney has to have that much gold.
Not just that, you have to have huge more up front if you want to sell more...

But you cant like you just couldnt be a bank.
But you can collaborate / merge with another seller ? YES - piss easy if other bank wants to.

Everyone LIONSGOLD will work with - will want their cut.
From MasterCard, to Banks, to Guaranteed Gold Ledger providers...
At the same time you cant trust bankers or Mastercard or Major Gold Companies....

Who knows what they are cooking together....
The Fecking old guard hates tech newbies

In essence, this is a crunch time.

My suggestion to Board and CP is simple.
If these bankers are causing obstructions.
Feck them.
Go on KickStarter or other Crowd Funding website.
You will have all the money in the world
And enough publicity for these morons to kneel down.
Feck the bankers.

Crunch time for the board.
No one is going to let LIONSGOLD make billions that easily.

Havent you seen what motor industry has done to Elon Musk ?
All he did was ruined their diesel cars.

Out of the box CP, think out of the box

its not that MVR is better or worse than other companies

Its just that MVR has music while others have.... well others have other stuff.
You cant beat music

No one plays basket ball on top of music
People have music on top of Basket Ball

Music is the ultimate mind-fuck

You have to know the company, EVRH doesnt release RNS for every news. Thats not how they have ever played. This isnt a negative issue.