Member Info for DSFLAT

Pip13 dyor and don't listen to the rampers on here. FG says one thing and they interpret it as something else lol

https://www.voxmarkets.co.uk/articles/francesco-gardin-of-quantum-blockchain-2-million-fundraise-will-fund-the-company-through-to-revenue-211c4da/

I personally wouldn't take anything FG says as anywhere near the truth. He has been guilty of so many false statements over the past few years they are almost impossible to list lol

In that interviews FG says de er, de bulk of the £2M will go towards building the infrastructure but that isn't what the RNS stated lol

How he gets away with the everchanging stories is baffling to me, especially after he hung investors out to dry on that last stunt.

Oh & try Brave Browser if your fed up with the ridiculous amount adds on this site ;-)

A reminder that FG is crafty with his choice of words. When he says the placing should see QBT through to revenue I suspect he is referring to the court case monies rather than any likelihood of revenue from a miner or a product being proved up commercially.

I imagine FG will be enjoying a very large Turkey this Christmas with that BeeKeeper chap who pops up when it's time to pump QBT whilst the pair of them joke about the Turkeys that fell for the Method A, B and C stories.

Like I said he's as crafty as they come

I maintain that there is no SaaS product that could be implemented on ASIC miners. Maybe something that could be tested on GPU miners as per the animations and as referenced in the PRN.

The whole X post, website cartoons and GPU PRN were simply a ruse to shift the June placing shares and as it turned out became an opportunity to get another £2M placing away and nothing more.

FG already talking about Method C lol

He's as crafty as them come, constantly dangling the next Carrot, options, unique new self mining operation , 3 orders of magnitude faster mining, bla, bla, bla

I'm amazed anyone takes him seriously after that last stunt

I suspect there are plenty of newbies that followed the ridiculous rampers and are now 50% down on their entry...

Nice work ramp crew

Anyone for some Humble Pie ?

I'd say I called this Fugazi Gardin play pretty much 100% correct from the X post to the placing...

And as per my post to that effect does can all the rampers please form an orderly line for some of that Humble Pie ;-)

Does anyone else find it funny how the content of the RNS doesn't mention Saas ?

'The net proceeds of the Placing will be used by the Company to further invest in its Research and Development (“R&D”) programme, principally through the expansion of the R&D team, the purchase of additional hardware and an increase in software development. Funds will also be allocated towards the Company’s ongoing legal claims in respect of their legacy investments and provide general working capital.'

Anyone following the cartoons, the GPU PRN and the lack of comment by the CEO might question the lack of mention of the SaaS product apart from the FG comments. Almost as though there isn't a SaaS product ....

Fugazi Gardin set up investors for todays placing (didn't comment on the last PRN) and they still take what he says seriously.

Did investors lose their critical thinking when they were told to lockdown lol

It never ceases to amaze me at how stupid people are

Fugazi Gardin is happy to comment on the placing RNS but did not comment on the cartoons or the GPU PRN.

It was always just a set up to shift those June placing shares and get the next placing away.

It was never about having a product available

So I was correct the X post and cartoons followed by the PRN without comment from the CEO were to shift the June placing shares above 1.4p and set up the sp and investors for the next placing.

Rather than reporting people who have a different opinion to the rampers consider that they may be right.

Are you guys following the LN problems ?

Bitcoin (BSV) scales on L1 but BTC went small blocks and off chain to scale using LN which has just had some serious issues exposed.

"

Thanks BobsSocks, I hadn't applied any math to my post yesterday which laid out the Failed Business Model and using your calculations a miner using a Pool (most of them) would see an smaller % gain than you point out;

The current business model doesn't work even if Method B was proven to be a success on ASIC rigs which without any proof of concept should be questioned.

It would only work for solo miners or those miners Not using a mining pool

Example:

Argo has 2.8 EH which it pools into Foundry USA which has a combined pool of 126 EH. Block rewards are distributed according to % hash supplied to the pool.

If QBT's product worked on its ASIC's, posed no risk to Argo's fleet by way of machine failure or warranty ? Posed absolutely no risk of downtime or failure resulting in lost revenue ? and Argo rigs mined more BTC than they would expect given hash the reward would still be shared with all the other pool participants.

Argo's net benefit would be negligible, whilst the risks to Argo's operations, its mining rigs and the viability of its business would be considerable if there were issues with the SaaS product.

The risk v reward therefore makes the business model flawed even if it SaaS and method B worked on ASICs.

https://mempool.space/mining

Stampee1, "F1: why doesn't this company, mine it's own bitcoin, alongside, making its own chip, or have I read incorrectly and that is their plan ?"

That's a fair question to post on this chat and certainly not one that deserves abuse or ridicule form Jamboner.

Vlad joining QBT was announced 26 May 2023 (FG even did a video interview;)

"He will also be in charge of the initial phase of the Company’s recently established renewable energy mining project, which involves a completely new approach to zero carbon footprint bitcoin mining, further details of which will be announced by the Company in due course."

Nothing more on this statement yet ??

I'll put my hands up here and say I don't know the full history of QBT but previously it was Clear Leisure and Miner 1 which had a small shipping container with a door and a couple of windows attempting to mine BTC which was the brunt of the Burger Van jokes from Argo investors a few years ago.

Two years ago FG said they would be mining Q1 of 2022 having moved the Burger Van to Italy, as usual nothing more was mentioned on the subject by FG who appears to change his story more than I change my pants.

I gave an example of how QBT could easily enter the Bitcoin mining business on their own today and probably pick up a few blocks within days using a few ASICs by mining BitcoinSV. The ASICs have a simple set up where the user chooses which SHA-256 coin to mine so why QBT haven't solo mined BSV I would say is simply down to poor management.

I've been following the COPA v Craig Wright UK court cases closely and it led me to do some of my own research into the identity of Satoshi Nakamoto and the creation of the name, the system. I thought I'd share my theories on here for your perusal:

National Security Agency (NSA) create SHA-256

Tatsuaki Okamoto is noted in the NSA paper:

HOW TO MAKE A MINT: THE CRYPTOGRAPHY OF ANONYMOUS ELECTRONIC CASH

18 June 1996

https://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm

Someone sees the opportunity to create Bitcoin (Bit & coin are mentioned in the paper & Okamoto is credited for his work) having read the papers whilst having an understanding and deep interest in the topic specifically this paper I consider of Okamoto's important to Bitcoin;

Universal Electronic Cash, This paper proposes the first ideal untraceable electronic cash system.

file:///C:/Users/44792/Downloads/3-540-46766-1_27.pdf

That person wishes to secretly acknowledge the NSA and Okamoto whilst wishing to remain anon because he may have borrowed some of Okamoto's work from the Universal Electronic Cash or even be part of NSA.

That person includes NSA is the creators name by adding the S to the first name and the NA to the surname as a reference to the NSA paper

Keep the 'at' to create 'Sat' as in Sats and add in 'oshi' “Oshi(推し)” means a person who I support.

If you are someone’s big fan, it means your oshi(推し) is the someone in Japanese.

So I'm guessing the creator of Bitcoin was a big fan of Okamoto and his contribution to the NSA paper

Hence the clever use of 'oshi' 'NSA' and o 'kamoto'

Tatsuaki Okamoto

S at 'oshi' NA 'kamoto

https://www.rd.ntt/e/organization/researcher/fellow/f_001.html

Obviously just me theory but as Fox Moulder would say "The Truth is Out There" ;-)

National Security Agency (NSA) create SHA-256

Tatsuaki Okamoto is noted in the NSA paper:

HOW TO MAKE A MINT: THE CRYPTOGRAPHY OF ANONYMOUS ELECTRONIC CASH

18 June 1996

https://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm

Someone sees the opportunity to create Bitcoin (Bit & coin are mentioned in the paper & Okamoto is credited for his work) having read the papers whilst having an understanding and deep interest in the topic

That person wishes to secretly acknowledge the NSA and Okamoto whilst wishing to remain anon because he may have borrowed some of Okamoto's work or be part of NSA.

That person includes NSA is the creators name by adding the S to the first name and the NA to the surname as a reference to the NSA paper

Keep the 'at' to create 'Sat' as in Sats and add in 'oshi' “Oshi(推し)” means a person who I support.

If you are someone’s big fan, it means your oshi(推し) is the someone in Japanese.

So I'm guessing the creator of Bitcoin was a big fan of Okamoto and his contribution to the NSA paper

Hence the clever use of 'oshi' 'NSA' and o 'kamoto'

Tatsuaki Okamoto

S at 'oshi' NA 'kamoto

https://www.rd.ntt/e/organization/researcher/fellow/f_001.html

'You mentioned a contact at a mining pool was planning on contacting QBT to see what they had to offer. Any update on this?'

Nothing back from Kurt Wuckert Jr yet, TBF Gorilla Pool have been implementing upgrades and I gave him some of my research on how I think the name Satoshi Nakamoto was conceived.

I haven't heard anyone come up with my theory as to the creation of the name....

Anyone interested in hearing it ?

My guess is that it was all a ploy to enable any of the June placing shares to be sold, maybe to facilitate another placing this year..

The animations Post on X and SaaS updates on website (most likely not possible on ASIC miners or viable as a business model) happened to coincide with the BTC pump which gave fuel to the rampers and the sp got away with itself...

FG probably wondering what to do after the over reaction, wait to see how high it goes (one eye on his ROPO), raise again if you are able to sort it out quickly or just keep his head down.

But whatever you do don't incriminate yourself by saying how pleased you are after TWO Years of R&D with the SaaS news (probably because Vlad has one hand on the company and having been at Blackberry knows how to legally run investor communications)

Did I miss anything ?

If investors can't see the issue with the CEO not making any comments on the animations and the reference to GPU Mining tests in the PRN I can't help you...

Maybe FG has started a new craze for CEO's where they put out cartoons of extraordinary results but don't add any comment on the cartoons ?!?

It would be quite funny if people weren't putting their money in here based on zero CEO comments, zero proof of concept and rampant pumpers on here desperate to see gains.

What an absolute joke this is

Positive news & another tick in the box

F1Drivel "Price is moving up on that 1 trade printed."

Placing ?