Member Info for fleccy

Mandy appears to have hijacked the board, with the majority of posts being about him/her. Maybe it's about time the conversation went back to BT.

Bluepanther, you probably know this already, don't invest in anything until you've done your own research.

"and start to tell lies about my trade or position in others companies"

I haven't lied about anything. You've stated you hold 8.5 Million QBT shares, so even if your average was just 1.2p that'd take you up to at least £102,000, but I suspect your average is somewhat higher than that. As far as Jangada's concerned, their annual report states they haven't made any revenue this year and they've posted an operational loss.

Bobcat, it's mentioned on here:

https://www.voxmarkets.co.uk/articles/quantum-blockchain-funds-raised-continues-the-development-of-our-cutting-edge-proprietary-technologies-f6ccf6b

Skip forward to around 2:15 and listen from there.

"So it seems no one knows where this quote that was posted this morning is or if it even exists? "

I seem to remember him mentioning it in one his Proactive or Vox advertising/pump interviews, I'll see if I can find it.

Never heard of Jangada mines but took a quick look, it looks like a seriously risky investment to me. It's assets aren't producing revenue and it's showing an operating loss. It isn't something I'd invest in anyway, but I always think about Sirius Minerals having the rug pulled on financing with retail investors suffering losses, and that was in this country. These sort of investments are way out of my risk zone, as is any AIM investment to be honest. Obelix must be extremely rich to lay down such large risky bets, since he must have in excess of £100,000 in QBT and is stating he has a far larger stake in Jangada Mines.

I have to say, even though Mandy's Fishing Tackle tale is a complete fabrication, it made me laugh this morning when I first read it; I've just read it again and still find it funny. I'd say it's the first post in months that's worthy of recognition, so it get's a recommend from me for the comedic value.

Https://www.cnbc.com/2023/08/29/first-bitcoin-etf-could-be-coming-soon-as-court-rules-in-favor-of-grayscale-over-sec.html

It wont make any difference in the long run.

"Are QBT not designing the chip though? If that is right than are you saying they could sell the design for £300m?"

It isn't just a case of designing the chip, there are other costs like Tapeout, which is estimated to be between $40 to $50 Million dollars for a 5nm chip.

https://www.granitefirm.com/blog/us/2023/04/29/cost-of-chip-foundry/

The chip design is probably the cheaper part of the process, it's building the prototype that really costs befor moving onto commercial production.

"The smart money, huge sell:"

It was neither a buy or a sell, it was an off book trade. Buys and sells are determined on exchange, dependent on the traded price in relation to the Bid/Ask spread. Carltt, stop putting your own incorrect spin on things.

"I would rather a reactive board pushing boundaries a new chips like this."

They don't have much choice, they have to refer to the latest nm chip architectures due to the power/overclocking/heat advantages as the technology advances. The smaller the nm scale the more expensive it is to develop and fabricate the chip, I don't see how 4nm is something QBT could finance out of their own pocket. The latest generation of mining rigs in readiness for next years halving are already being marketed and looked at by the big miners, so I think it's highly unlikely QBT's design will make it onto chips for years, especially since it has only just submitted a patent application. If QBT's designs and algorithm's live up to the hype, they'll need a significant partner with deep pockets or a buyout, in my opinion.

mandy,

https://tenor.com/en-gb/view/are-you-*******-high-chief-crawford-bullet-paradise-pd-paradisis-gif-21060024

"Hey lil Rod, don’t forget DT cannot make an offer lower than the maximum amount they have already paid"

Only over the last 12 months, their original 12% holding is irrelevant. It would have to be a hostile takeover so they'd have to accumulate over 50% of the stock and then make an offer; They then have to secure over 90% of the stock in order to squeeze out any hangers on.

"the offer must be in cash (or include a cash alternative) at not less than the highest price paid by the bidder during the offer period or during the offer period and the preceding 12 months (as appropriate)."

I'm certain a hostile takeover isn't feasible and is unlikely to be attempted.

Enoch's turning in his grave:

https://www.youtube.com/watch?v=5WjDzHfQ3yI

"There is only a finite amount of BTC available to purchase."

"I also feel the banking sector will have issues soon due to global liquidity issues which will push more people towards crypto."

Liquidity issues will make borrowing more expensive, reducing the ability to make leveraged bets on Crypto "investments"; Raising interest rates similarly reduces liquidity, making leveraged bets more difficult.

If Government's and Central Banks wished to, they could kill Crypto overnight by restricting the ability to convert to Fiat. So called BTC transactions, like car purchases, rely on the ability to convert to Fiat at the point of sale with all the conversion charges and risk with the purchaser. Crypto will eventually fade away, the only surprise is that various authorities haven't killed it already, considering the amount of criminal enterprise financed through it.

Don't do it Mandy, I wont reply.

"It is time for me to finally admit and succumb to the handy mandy pressure ."

Dave what have you done? I hope Mandy doesn't start emailing me via my cwu.org email account.

"Their time lines are ridiculously long considering how fast paced things are in crypto."

Indeed, It isn't like they're testing a new drug that may have side effects so requiring clinical trials, or designing an aircraft or submersible with health and safety in mind. You could argue the Bitcoin network is a lab in its own right, with a continuous stream of data that could be used for live testing.

" I am guessing at Q4 before we hear the results of inhouse testing"

I'm not sure why that should be the case; The Bitcoin network runs 24 hours a day, 7 days a week, so 144 blocks a day are processed, meaning 900 BTC per day are won, why would results take so long to produce? The final results were on the 30th June, with the 3rd Quarter starting on the 1st July; Over 51,400 BTC have been mined since the 30th June, you'd think they'd have results available by now.

"A very good candidate would be St Kilda in the Outer Hebrides"

Ha, I worked on St Kilda 35 years ago. It's literally a small mountain rising out of the sea, with the Kilda sheep roaming the grassy areas and the only accommodation at the bottom of the hill where the harbour is. There are two ways to get there, either helicopter or boat. We had mail delivered by light aircraft and dropped in a kit bag onto a grassy area half way up the hill, the mail drop was something like a scene from the dambusters and required extreme caution if you were the one on the ground awaiting the drop. The accommodation was something like a stretched rectangular cabin with a corridor down the middle and sleep areas left and right off the corridor. It also had its own pub with a really high bar and a ledge above the open bar area; It was an unwritten rule that everyone who went to the island had to do a bar dive involving standing on the ledge and diving into the waiting attendees below who you trust would catch you, there was accidents. I have no idea what Kilda's like now, but it is an isolated and inaccessible place where the sheep and the seagulls seem content. I wouldn't describe St Kilda as the Outer Hebrides though, as it's over 40 miles North West of Benbecula in the direction of Iceland.