Member Info for fleccy

Wacky Races

https://www.youtube.com/watch?v=gZNf0G6Vnq8

"Openreach has deployed fibre to “just under” 14 million premises, of which four million are “right here in the north”, and the operator’s £15bn build programme is on track to pass 25 million homes by 2026, she said.

Grimes distinguished the operator’s rollout as the “fastest” in Europe and the only one in the UK that has committed to a “proportional build of rural and urban footprint” as it rolls out fibre to “anywhere that is economically viable”.

She also flagged Openreach’s 34% takeup rate, which is the figure the operator reported in its quarterly results for the three months to 31 December 2023. The operator expects this to grow to “50%-plus in the coming years”."

“ Altnets are in a difficult spot right now, given the cost of money, under-penetration, and dreams not coming to fruition. It’s a moment of peril in terms of people thinking that there’s plenty of capital to build. All those billions [from investors] that came into the UK, they’re scratching their heads right now thinking about what has happened to my investments.”

https://www.telcotitans.com/btwatch/openreach-targets-30m-full-fibre-premises-nexfibre-calls-for-altnet-ramp-up/8014.article

"The Group recognised remediation costs of £25 million in the first three months (three months to 31 March 2023: £19 million), in relation to pre-existing programmes. There have been no further charges relating to the potential impact of the FCA review into historical motor finance commission arrangements, with the FCA having indicated it will update in September."

Pas Blockchain technology was first described in 1991, it's just that developers leaped onto the technology in 2008/9.

https://www.icaew.com/technical/technology/blockchain-and-cryptoassets/blockchain-articles/what-is-blockchain/history

Blockchain is basically a distributed leger, or database, it's nothing special. Blockchain is a mechanism for securely exchanging information between servers and is only really secure if the information is exchanged privately between secure servers. My personal view is that Bitcoin is inherently insecure due to the fact anyone and everyone has access to the Blockchain; It's only as secure as Sha256 plus the amount of participation in the network allows it to be. Sha256 will be obsolete once Quantum computers reach a certain size, and if the number of network participants drops below a certain level it may open the Blockchain up to a 51% attack, so decentralised Blockchains are unsafe in my opinion.

https://aws.amazon.com/what-is/blockchain/?aws-products-all.sort-by=item.additionalFields.productNameLowercase&aws-products-all.sort-order=asc

https://www.investopedia.com/terms/1/51-attack.asp

I would say the pension deficit is well on its way to being resolved. BT owns valuable assets like Openreach, EE and its core/access network assets. A good chunk of the Net Debt is lease liabilities, which will steadily reduce over time, and the financial debt is easily manageable. The £5 Billion a year capex bill will also decline post 2026 and BT/Openreach will still have the largest Network coverage of any provider in the UK. If the market is as forward looking, as we're led to believe, why doesn't the above ever get mentioned?

Personally I'm going to continue topping up BT stock while I consider the price to be dirt cheap.

Pas I'm not saying people can't make money out of Bitcoin, many have and will probably continue to do so, what I'm saying is that BTC is a made up entity with no real world use. As I've mentioned before someone with the relevant I.T. skills can create their own Proof of Work Crypto, DOGE is a good example, and if something is easily replicable with no useful purpose how can it be deemed to have any real value?

Bitcoin wont lead to future change, since it has no real world use, whereas AI will. The biggest problem for Crypto is the emergence of useful technology competing with and pulling investment away from the Tokens. AI just like Bitcoin requires masses of power hungry computers to process data, but AI has easily identifiable use cases whereas Bitcoin has none. It isn't unrealistic to believe that money will be redirected away from Bitcoin and into AI, since Bitcoin is useless and AI is useful.

The odds are against Bitcoin and other decentralised crypto's surviving in the long term, whereas Blockchain generally does have a bright future since the underlying technology is where the use case exists.

Some people will say anything to gain a few extra votes, and even if he beat all the odds and became US President he wouldn't have the power to push through legislation to back the US Dollar with Crypto. The US Dollar is backed by the FED and the US economy, if it was backed with Fakecoin it would bankrupt the US in a matter of months.

WillIwontI, I don't see you telling Jambone to give it a rest when he posts far more often than I do. 🙈🙉🙊🥱

Pas a Bitcoin isn't art, it has no substance in the real world and the only value it has is dependent on speculation, belief and hype. As I've pointed out previously there's only one Mona Lisa, but there are currently around 20 Million Bitcoin, so at best a Bitcoin is comparable to a Jpeg of the Mona Lisa.

https://images.app.goo.gl/eZ5r1QayiLAR5NF37

https://images.app.goo.gl/xNTxC6kXcPVNmyH57

https://images.app.goo.gl/9wnhNVkYphHDGkdG7

The reason I post in here is because I don't believe BTC has any useful purpose, and I also don't believe QBT's products will work outside of the lab testing environment.

My reasoning behind the 2nd part of that statement is that I believe QBT are trying to achieve the impossible, and their efforts to achieve lab level performance on the live Bitcoin network will be thwarted by the current Network Difficulty and Hashrate. I could be wrong, but producing Nonce ranges and distributing them fast enough to compete with the pure Brute force processing power of the Network, would mean QBT's SaaS would have to process and distribute at comparably fast speeds.

I'm not an expert on Bitcoin mining, so my opinion is based entirely on common sense reasoning, I suspect we'll know within the next year if QBT will succeed or fail.

Of course it's here to stay, no doubt it'll have a collectable value once the hyped enthusiasm evaporates away. The reason it's survived this long, is due to the massively successful marketing machine that's continually encouraging new money into the token, but that'll only take it so far. At some point the Whales and HODLers will want to take profit and since Bitcoin doesn't pay dividends, the only way to eventually realise profit is to sell; If enough of the big money starts to shift out of the token, a trickle could soon turn into a flood. There's some big money financial players with interests in the token, who'll have to rely on good volumes in a rising market in order to take profit, which explains why they've pushed so hard for the US spot Bitcoin ETF's in order to bring in new retail cash, via the institutional back door.

Bitcoin enthusiasm will eventually dissipate because Bitcoin has no use. The cost of Bitcoin production valuation model for minting new Bitcoin is also a fake valuation tool, since the Bitcoin itself has no intrinsic use once it's created; A Bitcoin isn't a store of potential energy, the energy used to produce Bitcoin isn't stored within the Token itself and can never be retrieved, you can only use more energy to transact it by mining ever more Blocks and using more electricity. One example of using excess electricity to store energy is a gravity battery, where excess energy is used to raise a Mass to a height, hold it there, and produce electricity when it's eventually allowed to fall under Gravity. Bitcoin is just a dud battery that continually sucks in energy and returns nothing.

https://arxiv.org/ftp/arxiv/papers/1805/1805.07610.pdf#:~:text=Dimon%20and%20the%20grim%20hypotheses,concerted%20computational%20effort%20requires%20the

https://en.wikipedia.org/wiki/Gravity_battery

The only reason Brexit is being discussed again, is because Starmer was a vocal remainer and the Remoaner cult think the Labour party will somehow take us back into the EU, which is total fantasy; No UK political party is going to turn that stone over again, they simply wouldn't dare because of the turmoil it will cause.

I've been disillusioned with the Labour party since Brown screwed up Final Salary pensions and I think the Conservatives are all for lining their mates pockets, so I wont be voting for either of them at the next general election. I wont vote for Lib Dems because I didn't like their policies around Brexit and their part in trying to derail it. Once the decision was made to exit the EU, the whole of the political class should have rallied behind the decision and helped the UK Government to get a good deal. The EU made a big deal over the solidarity of the member states in supporting Barnier in his negotiating strategy, whereas two thirds of the UK political class tried to destroy the UK negotiating position.

That's 6 guesses.

For Bitcoin believers and disbelievers.

Peter Schiff echo's my view perfectly.

https://www.youtube.com/watch?v=xfHCly1ZCQ0

It could be days, weeks, or months. The CAT panel will have to wade through over a month worth of legal argument, check legal precedent's, look at industry practice, weigh up general consumer law and practices, decide if any decisions should be left to OFCOM with them being BT's regulator, etc, etc, etc.

I haven't watched the court case, apart from a brief look in at the start, but I suspect it isn't a black and white decision for the CAT panel, in fact it would probably come down to the personal opinions of the panel members, and if that's the case then BT shouldn't face any further penalty.

The litigation also included Split Purchase customers, with a much wider time span, OFCOM decided that these customers were well engaged with access to online offerings so didn't regulate in respect of them, are the CAT panel more qualified to overrule the regulator on this point?

The reasoning behind OFCOMS initial decision, to push BT into reducing landline charges, was down to a technicality that many older people weren't engaged and therefore had no knowledge of, or access to, better online deals. I don't believe this is an easy case to unpack for the CAT, since there are many variables that should probably be left to the regulator who pull's BT's strings.

Another weekend closer to boom or bust.

I'd suggest it was the various political figures and Billionaire investors who poisoned the UK political well. The LIB Dem's, Labour and SNP aided by John Bercow, a card carrying remainer who drove around in a car with a b0110ck5 to Brexit sticker in the car, tried to overturn the referendum result by any means; Billionaires like George Soros financed anti Brexit groups to march and heavily canvas politicians to ferment political instability.

Brexit in itself wasn't damaging, it was various powerful players who didn't like the result and wanted to stop it all costs, by fermenting political instability. I'd suggest these various anti Brexit players weakened the Government so much, they strengthened the hand of the EU negotiating team to ensure we got a bad deal, quite treacherous in my opinion.

It would also appear that the UK Government has no real power in this country, where the judges and foreign courts now seem to control UK policy by neutralising Government policies. It's about time they scrapped the House Of Lords and brought in proportional representation, the two party system no longer works and is unrepresentative of the majority view.

I would never vote in favour of rejoining the EU, since we'd get a rubbish deal and have to join the Euro; That said, UK politicians seem hell bent on ruining the country irrespective of us being in the EU.

They recently delisted from the NYSE, that tells you everything you need to know. I suspect impending litigation encouraged BT to delist there. In the US they litigate on anything and everything, US shareholders would take BT to the cleaners for various imaginary things impacting the share price.

It was linked to on the day it was released, but always worth a second look.

Place your bets

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