Member Info for fleccy

"there is a reason poland, hungary and romania are forecast to be wealthier than the uk by the end of the decade."

That'd be OK, we might then get a Government with b@lls who stand up against the woke brigade and kick out anyone who shouldn't be here, like anyone who's come across the channel in a dingy. In the meantime they should coach them up to Scotland 🤣

All companies like Prestige cars are doing is using a third party to manage the conversion at zero risk to themselves, in this case Auto Coin Cars. Prestige Cars aren't trading in Bitcoin, they're trading in cash with Auto coin doing the conversion at below live price, and charging a conversion fee of between 3% and 8% dependent on the car, or more likely the price of the car? The dealers may be paying something to use the conversion service too.

So Prestige cars aren't selling using Crypto, they just receive cash with Auto Coin Cars doing the conversion and charging up to 8% fee to the buyer, with a little extra cash added on top dependent on their conversion price versus the live price. I also suspect that the risk is on the customer at the point of conversion.

"I think any partnership between Altice and DT will be tipped in DT’s favour."

It wont happen for the same reason the EU reneged on awarding BT the TESTA contract, there's no way the UK Government will sanction a takeover of BT by an EU company, they just wont.

First they award BT's European subsidiary a contract:

https://www.politico.eu/article/outrage-eu-deal-uk-bt-confidential-network/

https://www.europarl.europa.eu/doceo/document/E-9-2022-002064_EN.html

And then they take it away:

https://www.telcotitans.com/btwatch/bt-loses-out-in-eu-data-exchange-controversy/6665.article#:~:text=Decision%20to%20award%20%E2%82%AC458m,run%2Dup%20to%20contract%20cancellation.

Anyone who thinks the UK Government would allow Drahi, DT, or any EU based entity to take over BT, in light of the EU's obvious bias against UK companies, are kidding themselves. Telefonica was one of the biggest critics of the contract being awarded to BT, half owners of VMO2.

"It could be anything from mental illness to the CEO of ARB, we will never know"

Probably having no emotional attachment, so not viewing things through rose tinted spectacles. I must admit it's refreshing to read people describe it as a speculative share, countering others who appear to have bought over £100,000 worth of stock.

"Jambones observation about his the continuous negativity in his posts , when he's not invested , never will invest , dislikes all things BTC .... well it does make you wonder why the heck he bothers !?"

That's a good question, I'm fascinated by the whole psychology around Bitcoin and how people are sucked in by the hype, investing vast amounts into something that has no tangible value and limited real World use. The myth of Decentralised Finance is a joke, someone will always be in charge whether that's big business or big Government.

I originally started posting on this forum to discuss Bitcoin, since this page was listed in the Hot Chat Topics list, and the company name includes of interests of mine like Quantum and Blockchain. I soon noticed that the company transformed itself from a leisure company into an "R&D" company, which seemed like quite a change. When I questioned some of the posts pumping the stock, I started getting abuse with name calling and other posters generally having a go at me. I'm now engaged and watching QBT's progress with interest, and since this is a public forum I have every right to air my opinions irrespective of whether I'm invested or not. I post because I'm interested, even though I'm not invested.

There's a difference between posting an opinion and firing off repetitive ramping posts. The truth is you have no more idea than me, or anyone else on here, if QBT will be successful in bringing in revenue from their offerings. If opinions were translated into odds, you're betting that QBT will bring in large future profits, whereas I see the odds as skewed in the opposite direction; Whether or not I'm invested here is irrelevant as far as expressing my opinion.

Admittedly I could be wrong, then again I could be right only time will tell, In the meantime all any of us can do is guess.

"there have been a good few instances where you have made complete false statements"

Examples please? And I'll clarify why I expressed the opinion I did at the time, and post corrections as required. I'll make you a deal, I'll stop posting my opinion if you stop your persistent ramping posts.

Jambone, you need a reality check. I regularly read negative articles aimed at reducing the value of stocks I hold, and have seen stocks fall as a result of the speculative articles and do you see the authors of those articles taken to task? If you really believe any opinion I express on here has any bearing on QBT, then you really are delusional and assign far too much importance to anything I post. Do as you wish.

I have no wish to harm anyone, I have opinions and express them. On a different note, this may be of interest to you:

https://www.incontinencechoice.co.uk/adult-nappies/disposable-adult-nappies.html?Nappies&gclid=EAIaIQobChMI8c3_msuzgAMVHIFQBh0FgAgkEAAYASAAEgJprfD_BwE

"Absolutely wetting myself"

I suspected you might be someone who requires nappies, just didn't think you'd admit it.

"will be sending email to qbt today about your persistence in trying to damage the company with manipulative posts"

As I said in a previous post, do as you wish. Absolutely I'm negative, but how does posting my view on here in anyway damage QBT? The only thing that'll damage QBT is if they're unsuccessful in having their products adopted. Anything you or I say on here is irrelevant.

"so you are here again posting your ****e, the best bit in your post is “you just don’t know” exactly this troll, also admitting to using a vpn when visiting qbt web page "

I've received a lot of abuse on this forum and I'm not sure if some of the posters are associated with the company, so of course I'll use a VPN when looking at the site. Maybe if you guys had kept things civil I might not have felt the need for anonymity.

"And your analogy at the end shows you have no clue what testing even means."

Usually when you're testing something you'll test beyond the required limits, like building a jet engine you'll ensure it provides more than enough thrust without exploding, or if you're testing a submarine you'll test it for depths greater than it's required to dive to; Why use test data in a lab at a lower difficulty than the live on chain data? You could use controlled test data to test the algorithm, while adjusting and tweaking, but why not switch over to live data once you're happy and properly test at current difficulty before announcing a 2.6 times improvement? I don't think I've heard of any testing done at lower levels than what's required in the real World.

I have no idea if QBT will be able to persuade big commercial miners to use their product, but the Rig manufacturers are competing with each other to produce ever faster more efficient rigs.

"Unrivaled speed and efficiency: world’s fastest air-cooled system performance with hash rates up to 185 TH/s and up to 3x higher hashing density (TH/s per unit volume) immersion miners, delivering significant capex benefits.

EnergyTune™ innovation: patent pending technology that allows miners to dynamically adjust the energy consumption and bitcoin hash rate based on demand response needs of the electrical grids.

Superior uptime and TCO: designed to operate under harsh conditions at data center scale including ability to operate air-cooled miners up to 50°C ambient, boot-up in sub-zero temperatures, and maintain operations without reboots."

https://techtelegraph.co.uk/auradine-unveils-worlds-first-4nm-bitcoin-mining-systems/?utm_source=rss&utm_medium=rss&utm_campaign=auradine-unveils-worlds-first-4nm-bitcoin-mining-systems

It doesn't really matter what we think, what matters is the compatibility of QBT's products to be incorporated into large mining operations, and the operators willingness to do so; I suspect it'll be a lot more complicated than Plug & Play.

"It's clearly software.. fleecy seems to be losing the plot"

I agree if you go off the description on the company website and the most recent PRN, yet last years PRN clearly says:

"The second knowledge-based mining approach (Method ‘B’) will need the availability of a proprietary ASIC chip which, if successful, probabilistic mining could be improved by several factors compared to today’s deterministic BTC mining using commercial ASIC chips."

On the website it says:

"Method B software will be available, as a software module upgrade to commercial mining rigs firmware and will be connected to QBT server, where the in house Machine Learning engine, will update the parameter of the software module dynamically. Activation mode of Method B will be as plug&play on existing mining rigs."

An ASIC isn't software it's hardware and a software module isn't an ASIC, so there's a contradiction between last years PRN and the website; Therefore there are two plots, which one's correct?

The most recent PRN also suggests that QBT are talking about a software version of Method B; Maybe they should have differentiated it by giving it a different name than Method B, which they'd previously advised requires a Proprietary ASIC, in order to avoid confusion.

It'll be interesting to see if they achieve their theoretical 2.6 times improvement, and if they do, how long it takes. If it's as easy as plug & play, which they imply, it should be super quick, since the Bitcoin network allows the processing of around 144 Blocks per day, 7 days a week. You can build a car in the garage and start it up, you wont know if the wheels are going to fall off until you take it out on the road.

"Nope, I will trawl through, because you have said before about it being software!"

What are you talking about? If I've previously thought Method B was software, it's probably due to confusion of different messaging on here and from QBT; In all honesty, I still don't know if it's hardware or software based.

"Could the use of the term proprietary asic chip simply mean an asic chip made for mining bitcoin?"

So is an "asic chip made for mining bitcoin" Hardware or Software?

"Could the use of the term proprietary asic chip simply mean an asic chip made for mining bitcoin?"

"What does being proprietary mean?

1. : one that possesses, owns, or holds exclusive right to something. specifically : proprietor sense 1.

2. : something that is used, produced, or marketed under exclusive legal right of the inventor or maker."

"You lied about the product B 2.6 x faster saying it was hardware for a start, maybe if I’m bored I will trawl through your post and prove where you already know this, malicious and defamatory"

You don't need to trawl through, in my last post I've shown why I made that statement, because that's what QBT said in a PRN.

On the 23 May 2022 QBT said:

"The second knowledge-based mining approach (Method ‘B’) will need the availability of a proprietary ASIC chip which, if successful, probabilistic mining could be improved by several factors compared to today’s deterministic BTC mining using commercial ASIC chips."

https://www.lse.co.uk/rns/QBT/update-on-bitcoin-mining-rd-j11a18mcbme7d7f.html

"No Flakey, it’s your posts that are desperate, you are here posting lies"

Jamboner tell me where I've lied? Admittedly I have been negative, but I've given examples as to why.