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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.
"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.
BT wont be working alone, they'll partner with others to offer a range of products and leave it to the tech giants to fight it out with each other:
"That figure of $500 million over five years doesn’t seem beyond the realms of possibility. A Capgemini report in February revealed that telcos that implement a comprehensive cloud strategy expect to bring in an extra $110 million-$210 million of revenue per year. Its research was based on interviews with 270 telco execs, vendors, and hyperscalers, among others.
BT can probably be considered as having a comprehensive cloud strategy. Not only is it working with AWS on internal IT modernisation and new revenue-generating services, it is also working with Google Cloud on various areas, including cloud infrastructure, AI and machine learning (ML), and data analytics. It is also working with Kyndryl to move a number of applications servicing its legacy copper business and consumer broadband products from mainframe computers to the cloud."
https://telecoms.com/520882/bt-expands-aws-deal-in-hunt-for-500m-of-new-revenues/
https://www.technologyrecord.com/article/bt-group-develops-generative-ai-powered-digital-assistant-with-microsoft-technology
https://newsroom.bt.com/bt-group-unveils-ai-accelerator-to-shorten-rollout-of-new-artificial-intelligence-from-six-months-to-six-days/
https://business.bt.com/why-choose-bt/insights/digital-transformation/artificial-intelligence/
https://www.med-technews.com/news/Digital-in-Healthcare-News/bt-launches-new-ai-and-digital-services-to-support-nhs/
https://telecoms.com/520882/bt-expands-aws-deal-in-hunt-for-500m-of-new-revenues/
Aus BT have been developing products and setting standards for as long as I can remember, they are heavily involved in various research projects with lots of partners. They wont be sitting on their hands, they'll be busy developing a full suite of cloud based solutions and apps.
https://atadastral.co.uk/bt/
https://www.bt.com/about/bt/bt-uk-and-worldwide/bt-in-the-uk-and-ireland/bt-adastral
"The rise of cognitive networks: how AI is revolutionizing telecommunications"
https://www.msn.com/en-gb/money/technology/the-rise-of-cognitive-networks-how-ai-is-revolutionizing-telecommunications/ar-AA1fJo05?cvid=d4bb4e4f797e4f458ac1946eff4ffdd6&ocid=winp2fptaskbarhover&ei=34
For anyone who's interested, here's a spreadsheet of Vodafone's Financials going back to 2015, there are two tabs at the top of the page, one for Financials and the other for Cash Flow. I've also shifted some of the Fields around and added some colour to the Cash Flow sheet; Hopefully my alterations wont have created errors.
https://docs.google.com/spreadsheets/d/e/2PACX-1vSNxkKmgR2PzSL1NH5uvhJAIl6TyUm-PpH2hChEFWELeB8mLB-V562E7qRdDL0lOSa8NyAUBbokBjVp/pubhtml
I made the sheet to get a more condensed picture, over the years, and weigh up whether the dividend is safe.
If anyone notices any mistakes, let me know and I'll correct and republish.
"Maggie and Allison Kirkby are going to shake up the boys in the board-room !!"
Don't ask me why, just came to mind:
https://www.youtube.com/watch?v=NYOQDnWFXYI
I concur Poker, an this and Nats.
In respect of your statement, "I suspect the likes of Babylon will survive", there's a good possibility you're right. I think certain big market entities prey on retail investor enthusiasm and then engineer a rug pull to wipe out said investors; It's usually new infrastructure projects that are hyped up and subsequently having finance pulled, with retail walking away with little or nothing. The most recent example I can think of is Sirius Minerals, what happened there has the feel of a 19th century wild west land grab.
I wonder if these two things are related?
https://www.msn.com/en-gb/money/other/how-out-of-control-spending-and-a-botched-us-expansion-left-nhs-partner-on-brink-of-collapse/ar-AA1fKI7x?ocid=msedgdhp&pc=U531&cvid=81f323c398c6412d8491a03a65b719ab&ei=8
https://newsroom.bt.com/brits-call-for-tech-revolution-to-tackle-nhs-wait-times-as-three-quarters-prefer-remote-or-digital-diagnosis/
This is getting as bad as the Lloyds chat page, next we'll all be discussing politics and the migrants.
Is any of this true?
Life is hamster wheel, we're all just running to stand still
Nothing lasts forever, even the Universe will eventually die upon reaching maximum entropy
A clock slows down as it approaches the speed of light, you just wouldn't know it if you were travelling with it
Gravity is an illusion associated with the phenomena of your feet aging more slowly than your head
If you understand any of that you're a better person than me.