Member Info for fleccy

"The next halving could come even sooner than April 2024, it happens when 210,000 blocks are mined which is approximately every 4 years, if all the miners started using UltraBoost maybe that target could be hit 30% quicker ;)"

I assume the wink at the end of your comment, was because you realise that around 4 years between halvings is a feature designed into the protocol.
Every 2016 Blocks the difficulty level adjusts to limit mining to 1 Block every 10 minutes, compensating for increases in network efficiency.

10 minutes per block equals 144 Blocks per day, 14 days between difficulty adjustment, 52,560 per year, 210,240 in 4 years; The Halving occurs every 210,000 blocks and it could occur in less than 4 years, but there wont be much in it.
As I pointed out in a previous post, should Ultraboost work and all the miners decided to use it, the Bitcoin difficulty adjustments would nullify any Ultraboost benefit within one or two difficulty changes, so within a month.

"Time to short HSBC & Lloyds again me thinks , the cracks are getting wider in the fiat Ponzi"

Bitcoinbull, I'm not sure if you're delusional, or make these comments with a wry smile.
These conspiracy theories predicting the collapse of Fiat and the rise of Bitcoin don't make sense. Explain how the ascension of Bitcoin and the collapse of Fiat will play out? Because I can't visualise any pathways to such an event.
From a regulatory point of view it appears Bitcoin is being classified as a commodity, with its price generally expressed in US Dollars like Oil and Gold. As a commodity what use does it have? Apart from a capability to store limited amounts of data in transactions within the Blocks. Oil has multiple uses, "gasoline, distillates such as diesel fuel and heating oil, jet fuel, petrochemical feedstocks, waxes, lubricating oils, and asphalt". Gold also has multiple real world uses including Dentistry and Medicine, Jewelry, lubricants, coinage you can actually hold, Electronics and it's even used to coat the inside of spacecraft apparently. Bitcoin is useless as a commodity, along with all the other uses touted for it, and has no real tangible value or real world uses.
Fiat currency is tied to the economy of the issuing country and controlled through the Central Banks. What would Bitcoin be tied to in the absence of any overarching control? What would stop the worlds Billionaires buying up the majority of tokens, over time, and controlling the Bitcoin price and therefore controlling anything traded using the token?
Just to finish, Bitcoin is useless as a store of value due to its volatility and is easily replicated by anyone with a computer and relevant coding skills.
So what use is Bitcoin?

"At BT we have been working collaboratively on quantum technologies for many years, and today, we are working across the breadth of quantum technologies to explore real-world applications.

Quantum communications: Developing quantum secure communications is a priority for BT Group as quantum computing brings a threat to classical encryption. We’ve made great progress in this area and last year, together with Toshiba, we launched a world first commercial trial of a quantum secured metro network, with EY becoming the first customer. The network is able to connect numerous customers across London, helping them to secure the transmission of valuable data and information between multiple physical locations using quantum key distribution (QKD).

Quantum computing: We’re working on two ‘Innovate UK’ funded quantum computing projects, in collaboration with a number of technology start-ups: moving the needle on quantum technology research from theory to practical use cases. The first project is focused on infrastructure: we are defining the requirements for setting up a quantum enabled data center, what it means to operate a data center that makes use of quantum technology, and how this would participate in wider end to end services. For the second project we are exploring how quantum computers can provide benefits to telecoms applications such as circuit switching, packet routing, signal processing and antenna beam steering.

Quantum sensing and timing: Quantum sensing applies quantum principles to measure different physical properties, including, gravity, temperature, magnetic field and rotation, with extreme sensitivity. This enables transformational opportunities in areas such as civil engineering, autonomous transport and IoT, which we are exploring.

Timing provides the pulse of the communication networks. If we look to quantum timing, we can see how this could enable improvements in timing and synchronisation technology, leading the way to faster and more dynamic networks. Through projects such as IQClock, BT is engaged with the next generation of quantum timing."

https://newsroom.bt.com/shaping-the-uks-quantum-enabled-economy/

"Because Flakey is here to ruin any chat about QBT with pointless post amounting to disruption, apparently has a million pounds worth of shares and bought in 1 x £10 transaction lol."

Nope, I haven't made a £1 Million purchase of shares.
Mr Hanji made some calculation errors in his post, I simply corrected his example.

"Also, the price drops ex div, so if you've bought pregnant of the dividend then you make no gain!"

I wasn't going to reply to this one, but I've decided I will. The reason, on this occasion, I bought pre ex-dividend, is because we plan to sell £20,000 worth of shares in the standard share dealing account when the price goes up from here, which it will since the stock is clearly undervalued. By doing it this way we'll, at the very least, nullify the stamp duty and pull in an extra £640 in dividends. If the price drops in the meantime, we'll just wait for it to climb above 50p down the road and continue collecting the extra dividends in the standard share dealing account while waiting. It's kind of a delayed Bed & ISA.

"Plus Lloyds 5yr performance down from 70p to under 50p"

Lucky I didn't buy them at 70p then, wouldn't you agree?

"I'm not being funny but that is not a good investment.. your asking an investor to fork out almost a £1,000,000 to buy 500,000 shares for £8k.. I've rounded up the numbers for ease of calculation."

You've lost me. I'm actually showing a capital gain on my Lloyds shares, so my overall average price per share is below 49.4p.
Assuming I bought £1,000,000 worth of Lloyds shares now at 49.4p.

£1,000,000 - 0.5%(stamp duty) - £10 (dealing charge) - £1 (PTM Levy)
= £994,990 to purchase shares

£994,990/0.494 = 2,014,149 shares

For the May Dividend of 1.6p
2,014,149 x 0.016 = £32,226

If you look at last years full year dividend of 2.4p:
2,014,149 x 0.024p = £48,339

"I've rounded up the numbers for ease of calculation."

"I’m actually embarrassed for you most of the time"

Bitcoinbull, don't be embarrassed for me, as I see myself as far more grounded in reality than you. As an example, today I bought another £20,000 worth of Lloyds shares at 49.4p, taking our total Lloyds holding up to 443,260 shares. On Thursday Lloyds goes ex dividend entitling us to a 1.6p per share payout of £7,092 in May, and that's just one Lloyds dividend payout. Over the next year we'll pull around £23,000 in dividends across all our holdings, I don't worry about our Lloyds investment, it's a gift that keeps on giving.

"Pmsl. Dear oh dear flakey, that is hilarious, people have bank accounts seized and frozen and some people have been made to hand their money over, so yes a banking system is much safer, not."

Clearly Jambone I take a different view to you, I'm doing very well out of my bank investments, so it's obvious I don't buy into the doomsday scenario painted by the Crypto lunatics.

"Please explain to us all how a government can take Bitcoin from anyone without the seed phrase that unlocks their wallet ????"

How did the US authorities confiscate the Bitcoin they're holding? They arrest you and make you hand it over, or else, or confiscate other assets through fines. In third world countries they could throw you into a dark cell until you hand it over. There are loads of ways they could force people to hand over their Crypto, and if someone really dug their heals in they could make it impossible for them to use their Crypto, by implementing harsh restrictions on them. If you doubt what I'm saying, get on the wrong side of the HMRC and see how medieval they can get.

"I see fleccy, aka supersonicboom, is getting more desperate with his posts, give us strength."

Not desperate, I just have a low tolerance for bull5h1t.
I have no idea who "supersonicboom" is lol. You should take a reality check Jambone, you're creating non existent fictional connections, very sad.

"Michael saylor must be happy.. they in the money now."

Only because it's puts MicroStrategy's balance sheet back in to the Black, but he's a bit stuffed if he wants to sell, since the community will be watching Micro Strategy's Bitcoin holdings like a hawk. If a Whale starts to sell, in any significant way, the Bitcoin price will drop like a stone, so the size of MicroStrategy's holding has painted them into a corner.

"this is why I feel it so important folk learn about the banking system and take control of their finances preferably outside the clutches of governments ."

How do you take your finances out of the clutches of Governments? Bitcoin wouldn't protect you, as it's just a bit of code on a memory stick and Governments could take it off you more easily than they could take your house. What would your Bitcoin be worth if you couldn't use it in your home currency, and your home country made it illegal to hold, trade, or even convert Bitcoin into other Fiat currencies; Lets say the US implemented such a ban and you as a US citizen converted your Bitcoin into something like Euros, under money laundering legislation you wouldn't be able to legally convert to the US Dollar without declaring where it came from and there'd be a paper trail. If you purchased Bitcoin online, by transferring money to enable the purchase, there'd be a paper trail there, so the authorities in any jurisdiction will know who holds Bitcoin and could confiscate it easily anyway. I realise what I've just said is dystopian, but no more so than the narratives pushed by the Crypto crowd to scare people into buying Bitcoin.
The narrative about Banks and Fiat collapsing and Bitcoin being the savior for peoples finances is pure fantasy; 2008 and the recent events around SVB/Signature/Credit Suisse shows what happens when banks collapse, either the shareholders, bond holders, or both get wiped out with the depositors bailed out. The irony is that Bitcoin couldn't exist without Fiat, even evangelists like Michael Saylor seem to accept that these days. Basically people who use the collapse of civilisation as an excuse to buy Bitcoin are either misguided or delusional and such things should be seen for what they are, just another conspiracy theory.

"you must think people were born yesterday!"

Jambone, going off your posts it wouldn't surprise me if you were born yesterday. Between you and Addison, it feels like a visit to a retirement home for Pirate's Parrot's, where all you can hear is repetition of Piece's of Eight, Piece's of Eight, Piece's of Eight. The reason for the repetition is because there's nothing new to report, due to an absence of updates from the company.

https://www.youtube.com/watch?v=ql3-6Rzfplk

"If everyone just ignored, they may get the hint but everyone just loves to bicker. It's down to boredom I assume"

The level of immaturity on this chat forum is incredibly high, and people who think calling me names will deter me from posting are just stupid. The more insults thrown at me, the more I'm motivated to pick holes in QBT's tenuous business model. The reason for the insults is possibly due to a couple of reasons; Maybe they don't have an argument against the content I post, or they don't have enough understanding of the subject to formulate an argument, so like children they resort to insults. I'm not sure if it's sad or funny.

Typo correction:

I've never invested in Bitcoin, any Crypto Currency, or any Crypto related company including QBT.

"You are obviously short here and probably under water ... Burning shorts ... that suits me just fine "

Lol, I don't know how many times I have to tell people, but I'll say it again, just for you.
I've ever invested in Bitcoin, any Crypto Currency, or any Crypto related company including QBT.
I have no financial interests affected by Crypto price swings, or QBT's price action, or any other Crypto related investments like derivatives.
As far as shorting stocks, I've never shorted a stock in my life or tried spread betting. I only invest in Dividend paying Blue Chip stocks.
Finally, even though I hate Crypto with a passion, I'm interested in what motivates people to invest in something I never would, and therefore thought I should understand the basics of what Crypto's about, and what people see in it; The more I understand about Crypto, the more convinced I am that it's all just hype with no substance.

The charts are meaningless, it's been noted previously that Binance have pumped the Bitcoin price, through selling stablecoin to buy Bitcoin using internal wallets to trade the price up. It tells a story that Bitcoin usually see's its biggest rises out of normal trading hours, like weekends and a public holiday in this particular case.

Since I would never invest in anything as stupid as Crypto, financially it makes no odds to me. I do hate Bitcoin with a passion though, because it's the most useless and unproductive investment on the planet. The trillions thrown at Crypto could have been invested in far more worthwhile projects like nuclear fusion, materials science, vertical farming, etc, etc, etc; I honestly can't think of anything that's as useless as an investment in Crypto, it's on a par with gambling in a casino. Eventually it'll see its end once enough people have either lost their investments through fraud, or simply become disillusioned, it's just a matter of when not if.

Bitcoin/Crypto believers must be the dumbest people on Earth, anyone who thinks the rises over the last 3 months are anything but a manufactured rally are deluding themselves, Bitcoin is going up because the Exchanges and the Whales are pumping it.
If you look at the forces building up against Bitcoin and Crypto, it's clear Bitcoin's days are numbered. Regulation and Lawsuits will ramp up over the next year, or two, and many of the big players like Binance will be pummeled.
Seriously, what use is Bitcoin? It's no good as a currency, it's too volatile to be a store of value, it's favoured among criminals and fraudsters, really it's of no use at all. Many who take a chance on it lose their investment and the few who do make money are connected and part of the hype machine.

"According to the study’s estimates, 2023 will be even worse for people dealing in cryptocurrencies worldwide. Investors could lose more than $16 billion this year, the study warns. That figure may reach $20 billion by 2025. Moreover, the team notes that authorities have only been able to recover one-fifth of the crypto ever lost."

https://studyfinds.org/crypto-crime-lose-billions-2023/

"Go away Fleecy no one cares . You are relentless I will give you that. Posting on Easter weekend as well as a non holder. Wow ."

What did I do wrong Suthy?
I didn't criticise anyone and I didn't express any negative opinions. I provided links to relevant information and left it to others to form their own opinions. As far as being relentless, how long do you think it takes to find information and read online documentation? I don't know how long it takes you, but it doesn't take me very long at all. I spend very little time thinking about QBT, but I do look in and see what's happening, as I'm interested.

I do enjoy it when you pull the, what are you doing posting here on an Easter weekend, or this day or that day, card. Today I managed to visit family, have a meal with them and have a good chat while watching a Bridge too Far, as well as fitting in a two hour walk, posting on here, watching an episode of Picard and the Mandalorian, (This is the Way), amongst other things.