Member Info for fleccy

"BT uses AWS Wavelength to bring the power of 5G and the cloud to businesses on the move"

https://newsroom.bt.com/bt-uses-aws-wavelength-to-bring-the-power-of-5g-and-the-cloud-to-businesses-on-the-move/

"Obelix- we need to support him/her or in Fleecy's case possibly trans . Its hard to call with Fleecy and we need to be inclusive in todays society"

The content in peoples post are often a window to their true desires. Do you dream of holidays in Thailand Suthy?

I suppose if your intention was to divert attention away from my original post, then you've been successful.

"Obelix- lol. Yes its because i am concerned about Fleecy's well being, especially his mental state"

No need to worry about me, I'm well grounded and happy with my lot in life. You guys should worry about your own mental well being, since you seem pretty good at winding yourselves up for very minor reasons. I suppose if your intention was to divert

Suthy/Jambone, you accuse me of being a paid Troll, or having an ulterior motive for posting here, but you guys and some others posts, are what you'd expect from boiler room rampers. We're all entitled to express an opinion, get over it. If you guys are genuine investors, you should learn to control your emotions, it's bad for your health to get so aerated.

"Fleecy, who is paying you or are you just trading this to death?"

I'm not being paid and I wont trade crypto related stock either way, since I think the whole industry is a waste of resource, time and effort. The only time I post on here, is when a thread catches my eye and I give my opinion. The reason I got onto ChatGPT, was because an earlier thread caught my eye mentioning the app. Another reason I post here is because you guys have been so nice to me.

"Jambone- i think this share is fleecy's life. Pretty sad"

Not really, I just don't believe QBT will succeed in their goals. R&D isn't guaranteed and I put QBT's chances of earning revenue off any of their algorithm's as extremely low. If they do succeed then they've done phenomenally well, since they'll achieve something other's have failed to do for at least a decade.

"Hey up, flakey fleecy busy copying and pasting someone’s opinion off google who knows nothing about how QBT algorithms work,"

Jambone, please keep up, ChatGPT isn't a person and it has nothing to do with Google.

Question:

Is it possible to increase the efficiency of Bitcoin mining using algorithms?

Answer:
Bitcoin mining is the process of adding new blocks to the Bitcoin blockchain by solving complex mathematical equations. Mining requires a significant amount of computational power, and therefore, efficient mining algorithms can make a considerable difference in the speed and profitability of mining.

There are several algorithms used in Bitcoin mining, including SHA-256, Scrypt, and Ethash. These algorithms are designed to be computationally intensive to ensure that only the miner who solves the mathematical problem first can add a new block to the blockchain.

While it is possible to develop new algorithms for Bitcoin mining, it's worth noting that the Bitcoin network is designed to be decentralized, and any changes to the mining process must be agreed upon by the majority of the network's participants. Additionally, the Bitcoin mining algorithm is regularly adjusted to maintain a consistent block creation rate, which means that any improvements in mining efficiency will be short-lived.

In summary, while it's theoretically possible to increase the efficiency of Bitcoin mining using new algorithms, any changes would need to be widely accepted and could potentially disrupt the stability and security of the Bitcoin network.

"I've just put some news that was already available and asked ChatGPT to rewrite in depth."

I've got ChatGPT, what was your data and what was the question? I'll check it out and see what the app returns.

Sash, you're correct, this is just fodder to raise sentiment and the stock price. What QBT are trying to achieve is mathematically extreme, made more difficult by Bitcoin Mining difficulty designed into the protocol. They need to back up their development assertions with something substantive, not producing a report using data publicly available on the internet.

The reason OFCOM couldn't completely spin off Openreach originally, is due to the Pension issues. I suspect BT will happily IPO Openreach once the BTPS is finally the bought out by the Trustees; On the plus side it'll be a good few years yet, so the FTTP rollout should be finished by then.

Unfortunately it's behind a paywall, not sure if this is a repeat of news from last week.

https://www.bloomberg.com/news/articles/2023-03-21/bt-accused-of-stifling-competition-by-broadband-network-rivals?

"fleecy- lets hope "you disappear over time too"."

I'll outlast you Sooty.

"There is a twitter account i think you should follow"

I don't use Twitter, it's for twits.
Bitcoin will disappear over time, you guys can believe in it if you wish, but any right thinking person can see it for what it is, a Bitcon.

"fleecy- whats new. Buy some shares."

I will next month, wont be in anything crypto related though.

"Sasha/Fleecy- It can't be easy trolling in this environment, with BTC on the rise, share price moving updwards etc"

I'm not trolling, I'm expressing an opinion.
As far as BTCs concerned, the price might be looking good currently, but I'm sure it will turn negative again, at some point, and continue its downward trend. It'll eventually fail, because it's intangible and valued purely on sentiment; Anyone with an ounce of common sense can see that.

"people are moving to btc cos they’re are seeing traditional finance for what it is."

So you're saying they are putting their money into an intangible Token with no intrinsic value, no support when things go wrong, and backed by nothing but sentiment? They must be mad. Crypto depositors at SVB and Signature have been protected by the very system they claim to hate.
Just imagine a World where everyone trades using Bitcoin, and then an individual, or entity, finds a way to hack the Blockchain and corrupts it, or changes it for personal gain; The enthusiasts would say that's not possible, and currently it isn't, but Quantum computing could change that. The problem with decentralised finance, using Crypto Tokens, is that anyone can build a node and access the network, that's a huge risk. For people saying that developers are working on Quantum proof solutions, good luck with staying ahead of the hackers once the technology becomes available to break SHA256 in milliseconds.

"you say it was all lit by the fTX / Crypto debacle ... really :-))))) !"

FTX failing lead to Silvergate Capital having to wind itself down, which affected sentiment in Banks associated with Risk-On assets.
The drop in sentiment due to the Silvergate Capital's demise set the stage for the SVB collapse. Silicon Valley Bank was brought down by Bank depositors pulling their deposits, then taking to Twitter, etc, and telling others to do the same, no bank can survive a bank run. A similar scenario was unfolding at Signature Bank, so the authorities wound them down too.

https://abc17news.com/money/cnn-social-media-technology/2023/03/14/svb-collapse-was-driven-by-the-first-twitter-fueled-bank-run/

An article by CoinTelegraph says:

"What has also not been helpful in this situation is the fact that the SEC has been out to get crypto firms for a long time. SVB and Silvergate’s collapse means crypto firms will now be more vulnerable to increased scrutiny from regulators regarding their reliance on stablecoins and banking partnerships. In addition, this will also bring up wider implications for the traditional banking industry’s relationship with the crypto industry.
In the U.S., it seems the government is actively trying to cease any crypto operations by going against crypto companies and banks and trying everything in its power to shut them down. While this was not proven by anyone yet, speculations within the wider crypto community continue to arise, with a number of crypto firms looking for bank partnerships outside American shores.
While the crypto community has managed to regain most of its losses since the bank collapses, the aftermath lingers as a reminder of the challenges the industry faces in the weeks and maybe even months to come."

https://cointelegraph.com/news/silvergate-silicon-valley-bank-collapses-represent-a-big-challenge-for-crypto

We'll see what happens over the next 6 to 12 months; But it isn't a wild theory, to assume Regulators will go after Crypto on the back of these failures.

"The central banks are holding a pair of 6’s ( which in fairness is stronger than Fleecey’s 3’s )"

If you think this is bad for me, think again. If these price drops continue into April, our ISA top-ups will push our 2023/24 dividend yields to £23,000 to £24,000. I've been here before and took advantage of price drops. The best thing is the whole of our dividend income is tax free, as my wife is a non earner and the ISA's are tax free anyway. With value dividend stocks, the easiest way to see growth is accumulate shares when the stock prices are depressed. We'll just keep reinvesting dividends until the market turns. With pure growth stocks you have to wait, whereas dividend stocks give you choices.