Member Info for fleccy

"3. Details of person subject to the notification obligation

Name

Citigroup Global Markets Limited

City of registered office (if applicable)

Country of registered office (if applicable)

GB

4. Details of the shareholder

Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above

City of registered office (if applicable)

Country of registered office (if applicable)

5. Date on which the threshold was crossed or reached

24-May-2023

6. Date on which Issuer notified

26-May-2023"

https://www.lse.co.uk/rns/BT.A/holdings-in-company-atb9m5enk8k8een.html

Water, water

https://www.dreamstime.com/stock-photo-thirsty-man-desert-reaches-bottle-water-pure-image56799348

You're as delusional as many other's who post on this board. I've been posting since 2013 and been very clear about my investments and investing history. If you think I'm a paid troll, then you should learn to analyse what people say over time and look for inconsistencies. I only ask the questions anyone should ask when investing in risky companies, and since I have no vested interest I have nothing to gain from expressing my opinion.

Jambone's desperation is palpable, so I assume he's bet the house on QBT's success and I wish him luck with that, but he needs to take a more balanced view to be taken seriously. When people run out of valid arguments, they turn to abuse and attempt discreditation of other people's opinion's. QBT should publish the data used to test their algorithms, and the results returning the 160% improvement above standard mining practices; As it stands it's just been bullet points and words related to current hype subjects; Unless I'm missing something and someone can direct us to more detailed publications of the data used during testing?

"The next Bitcoin difficulty adjustment is estimated to take place on May 31, 2023 06:59:15 PM UTC increasing the Bitcoin mining difficulty from 49.55 T to 51.08 T, which will take place in 287 blocks, about 1 days, 22 hours, and 23 minutes from now."

https://www.coinwarz.com/mining/bitcoin/difficulty-chart#:~:text=The%20next%20Bitcoin%20difficulty%20adjustment,and%2045%20minutes%20from%20now.

It's irrelevant who knows who, to have ASICS designed and built at 4nm scale would be super expensive. It's the first ASIC produced that costs the real money apparently, probably 10's of millions of pounds. No one can blame me for being sceptical when everything from chip manufacture to Quantum to ESG and even AI is thrown into the mix in the interviews; You could be fooled into thinking it was the CEO of a profitable multi Billion pound blue chip company talking, if you didn't know it was the CEO of a small AIM listed company that's never made a profit.

"The 60 phase signal from Cadence towers is not thought to be a danger to human health as far as we know.

But what if it was to be found dangerous? They wouldn't probably let us know would they?"

This old chestnut? I've never heard of Cadence towers 60 phase signal, but at the frequencies used in mobile communications the radiation is non ionising, which means it can't knock electrons out of orbit around atoms. RF has electrical and heating dangers/effects, if you're very close to the antenna, but that's a risk for the Engineers working in close proximity and the field strength drops off dramatically over very short distances, so no danger to the general public.

Where are our Trillion pound tech giants then? It's no good being a "tech capital" if foreign companies snap up the best and leave the dross.

Did you see my post on the 26th May?

"Time will tell. There were a few things slipped into the interview, like AI instead of Machine learning; He also mentioned development of a 4nm ASIC, which would cost 10's of millions for the mask sets alone. I'm not sure what the deal is with Proactive investors, but the interviews and articles resemble adverts without any probing questions.

"The industry’s transition from a standard 7nm chip size to a 5nm design has delivered profile and power gains, but this trend also brings challenges. As chip size decreases, the risk of defects and failure mechanisms grows — which means chipmakers now have to conduct more thorough inspections, which is costing them time and money. And we’re not even close to seeing the end of downsizing. With 3nm chips coming in 2022 and 2nm designs predicted for 2024, the engineering risk, and the associated verification workload, is only increasing. While a 7nm chip design is predicted to cost $223.3 million, a 5nm design represents $463.3 million in expenses. That number skyrockets to $650 million for a next-generation 3nm chip design."

https://semiengineering.com/facing-off-against-growing-chip-design-complexity/#:~:text=While%20a%207nm%20chip%20design,next%2Dgeneration%203nm%20chip%20design.

https://www.researchgate.net/figure/Chip-design-costs-as-the-technology-node-advances_fig1_355014875

"

"A bankkrupt out of ideas Goverment should keep their grubby little hands off the nations retirement funds."

It wont be the Government making the investment decisions, it'll be the pension funds, and since international investors are shunning UK stocks it's only right that money originated here should be invested here. The current system isn't working, US and EU companies are swooping in and mopping up any quality companies and leaving the dregs; Even Blue Chip UK listed companies are being pushed down to rock bottom, with Foreign investors taking big stakes while valuations are depressed. It's about time the country refocused investment internally, otherwise money and innovation will leak away.

"Do we get to see the sp tank across the pond today"

The US markets are closed today.

"I can’t see how any government can force a private pension fund to merge and then raid its funds, sounds very dangerous to me"

They can do what they want, look at OFCOM in Telecoms, or OFGEM in Energy. All the Government have to do is create rules, via the FCA and other regulatory bodies, forcing the Financial/pension industry to invest in specific ways, like they did with the pension industry many years ago in relation to bonds.

Hints of a narrative change.

https://www.msn.com/en-gb/money/other/analysis-inflows-into-unloved-european-telecoms-signal-brighter-future/ar-AA1bIpnL?ocid=msedgntp&cvid=c14d7c7d44474073a9497d19d306efbb&ei=44

https://www.msn.com/en-gb/money/other/create-pension-superfunds-to-save-the-economy-says-tony-blair-institute/ar-AA1bPiWR?ocid=msedgntp&cvid=656576ca145e4d04b8d25936bd97ecea&ei=6

"Thousands of UK retirement schemes should be merged into just half a dozen £400bn superfunds to turbocharge investment in businesses and infrastructure, Sir Tony Blair’s think tank has said."

https://www.msn.com/en-gb/money/other/create-pension-superfunds-to-save-the-economy-says-tony-blair-institute/ar-AA1bPiWR?ocid=msedgntp&cvid=656576ca145e4d04b8d25936bd97ecea&ei=6

"Tyke, I believe FG said in one interview about Quantum computing being 1-2 years away, I think it was the Dr Grover interview and that they are keeping a close eye on developments and breakthroughs"

Going off the articles I've read it'll be more like 5 to 20 years:

"Broadly, there is agreement that fault-tolerant quantum computing is the endgame and that it is years away (five, 10, 20 years; take your pick). Current thinking is that around a million physical qubits will be needed to deliver 10,000 error-corrected qubits."

https://www.hpcwire.com/2023/05/02/microsoft-eth-take-aim-at-quantum-computings-hype-and-promise/

With the amount of resource and money thrown at Quantum Computing they'll likely eventually achieve the goal, but not within 2 years.

Bamb, your post implies you know FG personally. The reference to poker is misplaced, if you're trying to encourage confidence, since winning at poker is about bluffing when holding a weak hand and hiding a strong hand when you want other players to bet more; In other words Poker is about the art of the bluff.

"we haven’t had any posts from you for a couple of days about BTC going to zero or it’s a Ponzi scheme, do you want to post or shall I post some of your posts up?"

It's inevitable that Bitcoin will fail, it's just not clear when. It's a bubble pumped up by nothing but sentiment, it appears the sentiment is leaking out and the bubble is deflating. The most likely explanation for Bitcoin holding up as long as it is, is probably due to the amount of big money still held in the token. My personal opinion is that the writing's on the wall for Bitcoin, I just don't know how long it'll defy gravity.

I need to correct something in my last post, the inventor works for Capital One, not Capita.

I'm not a trader, as some on here imply, I'm just enjoying the show. Think of me as someone who's watching a film and trying to work out how the plot will unfold. We have a business that started out in leisure activities, and possibly on the verge of going under, then in a plot twist it changes its name to something incorporating buzzwords associated with much of the current hype, like Quantum, Bitcoin and Tech; If AI had been a Buzzword in May 2021 they'd possibly be called QAIBT, or QBTAI, or QBAI now.

Quantum is years away and arguably as much of a threat to Crypto as it may be a benefit in speeding up mining, probably at least 10 years away. This renewable story is part of a more general theme throughout industry, to be seen as promoting ESG, but any energy used to mine Bitcoin is wasteful because the token serves no useful purpose to society, with all the hyped up use cases falling away as time goes on.

It appears that the named inventor of Ultraboost is someone external to QBT, apparently working for Capita, so not part of the company and probably only available in their spare time. Are the teams involved in the development of the product full time employees, or individuals devoting their spare time to the projects in the hope that options will reward them down the road?

The film is only half way though and the plot is still unfolding, I have no idea if this will lead to a conclusion where the characters win through and prove doubters like me wrong, or the venture fails to gain traction and fizzles out. Will QBT win through like the main character in the film Tetris, or will they fail in their endeavor? I'm watching with interest.

Gazzle, I think you missed the point of the article.

"Bang on Pas. I was saying the same thing, you do not hire someone to sell your wares if you haven’t got anything to sell"

"Vlad's" job title is Marketing and Business Development Manager and from what I've read his primary experience has been gained in Telecoms. His appointment doesn't mean QBT currently have a product to offer miners, the hint is the word "Development" in his job title. I suspect his initial role will be to travel around the various miner's, building relationships and understanding how their mining operation's work. He will have to learn how a product could be integrated into existing mining operations and a path to implementing that. There's a possibility that some of the big miners have ringfenced lab/development areas, where they can try out new things and test new innovations without interrupting their primary operation, some may agree to test any new offering from QBT.

I haven't read anything, or heard anything in the interviews, suggesting that QBT currently have an off the shelf product and there's a possibility that each miner may need a bespoke solution dependent on their setup.