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Its generally considered that the approval of BTC ETFs by the SEC could/will be the trigger for the much anticipated crypto bull run as it opens up trillions USD of potential BTC investment - BlackRock, Fidelity, Invesco, Bitwise, VanEck, WisdomTree and Valkyrie have all filed and the final deadlines for these proposed funds are in mid-March. Also expect to see Ethereum ETF applications to follow as well.
Its looking very positive.
https://www.forbes.com/sites/digital-assets/2023/10/05/blackrock-insider-primes-crypto-for-a-huge-177-wall-street-earthquake-that-could-hit-the-price-of-bitcoin-ethereum-and-xrp/?sh=1968910a718c
Quite a nice little thread on twitter putting the aim into simple terms
https://x.com/cryptogirlnova/status/1707459236777886102?s=61&t=2ur-eRbTBqTYkt6NRu8uZA
Coinbase are on the crypto push.
https://www.americalovescrypto.org/
Slug - The Quantum computing debate is a very interesting one. As it develops it certainly could have the capability to break the current crypto algorithms. Its quite scary the rate technology is progressing and where it will all end up.
But it is some years off , almost certainly not this decade before the technology will be powerful enough. Rom what I have read it would take a 1500 qubit computer to have the power to hack the private/public key algorithm and probably 10,000 qubits to break Bitcoin completely. Googles current quantum level is 70 and its estimated we should be at about 2300 qubit sometime in the 2030s.
The next Crypto bull run will be 2024/25 where I do expect BTC to reach in excess of 100,000 usd and many alts reaching multiples of todays prices (just my view folks - no advice intended) so as long as profits are taken over the next few years Quantum is not an immediate concern.
Something to consider
https://www.newsbtc.com/bitcoin-news/bitcoin-price-to-reach-170000-in-2025-mathematical-model-predicts/
Not sure what you are expecting from satoshipay - as I have said on several occasions Pendulum/Spacewalk/Nabla is completely dependent on Defi/crypto bull market for financial progress - 2024/25 imo so from a personal point of view I sincerely hope Tony delays any valuations until then
Related industry info both gaming and crypto.
https://www.ccn.com/news/microsoft-crypto-wallets-xbox-boom-crypto-gaming/
https://uk.sports.yahoo.com/news/microsofts-msft-activision-deal-moves-170200060.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvLnVrLw&guce_referrer_sig=AQAAAHtaMcXwOMPb-xb7Zx18iC5K3ggrUOv1kuOswQ9jhThKJKW5SUZG9Mm3dWOl6GksZeRMHsGvLFd7gQJJYy3_PAtwJBFAoKhjt3s4cHwHvIjjTN0mVknWLHLUTipzqYIyvlZsGG9Q--NDcYNHBzh8NU2umnNZcwUZFwyanawcD6XD
Momoni - Im not in the business of giving advice or making predictions - just because I hold and believe in the future potential here doesn't mean I’m right - all I can say is dont invest anything you cannot afford to loose.
Slug - its good to talk :)
Blu - I agree re Nabla with a focus on tokenised RWAs it has huge potential - Boston consulting Group recently produced a report on asset tokenisation stating that Tokenisation of Global illiquid assets is estimated to be a USD 16 Trillion business by 2030.
Here’s a link to the report if you ate interested.
https://web-assets.bcg.com/1e/a2/5b5f2b7e42dfad2cb3113a291222/on-chain-asset-tokenization.pdf
Just to annoy Slug - Torsten is on another ‘jolly’ in Lisbon tomorrow 😀
https://events.polkadot.network/event/sub0-europe-2023/planning/UGxhbm5pbmdfMTU0NjI0MA==
Slug /Blu - perhaps the current management have learnt - who knows.😀
I do get the scepticism here based on past performance - micropayments was a catastrophic waste of time and money, but at the time there were many many informed commentators that believed it was the next big thing, they diversified into cross border transactions but clearly hadn’t allowed for the liquidity issue.
So here we are now, after announcing the major shift into building a Blockchain and our friend Mr Meinhard no longer at the helm (was he pushed or did he just go). 18/24 months later Pendulum,Amplitude,Spacewalk,Nabla have been created but not completed (Crypto projects are never truly completed) and I think it is safe to say that the developments has proven more difficult and complicated than maybe first conceived. (In my experience this relates to pretty much any IT Project) But it is clear from the repositories that progress is ongoing. Coding is being committed daily and very often large amounts. I am no techie but I cannot stress how complicated it all is.
I think we also have to take into account the crypto bear market, now the longest in history by over six months or so and has a huge effect on everything from VC funding, coin Market caps, partnership opportunities , new projects being incubated, valuations etc etc. I have no doubt if Pendulum had launched 18 months earlier everyone here would have taken a very nice profit as PEN would have been many multiples higher. There are signs of green shoots but in reality I think we will be well into next year before real improvements are there. (for the record I believe 24/25 will see new ATHs in BTC and crypto which may account for my pretty relaxed stance here)
anyway enough rambling - one thing we do all agree on is monetisation so looking forward here is a very concise article explaining Nabla potential.
https://revelointel.substack.com/p/what-you-need-to-know-about-nabla
Too much focus on the past for me, none of those listed have anything to do with the current direction . We can keep focusing on the past failure of micropayments and Meinhard era and make the assumption that nothing will change, or we can focus on the current direction of Pendulum, Nabla etc and the potential that holds.
Of course if one believes that the current direction has no potential and those directing it will ultimately fail as micropayments did then it would be a very strange decision to become or remain invested.
ATB
Slightly predictive response Slug 😀
Forging a relationship with the likes of Transfero can only be seen in most peoples eyes as a positive especially as Brazil is the lead in crypto adoption in LATAM.
https://panoramacrypto.transfero.com/brasil-lidera-adocao-cripto-na-america-latina-diz-chainalysis/
Is it coincidence that Pendulum and Transfero are hosting an event in Rio in October. Transfero just happen to be issuer of Brazilian Stablecoin BRZ.
Global DeFi: The Future of Stablecoins & Borderless Payments
https://allevents.in/rio%20de%20janeiro/global-defi-the-future-of-stablecoins-and-borderless-payments/10000705954618267
https://transfero.com/about
Something or nothing.
Just looking at the Nabla website there us an advisor Nicholas Burgess who is Quant Manager at XP Investments. Now Xp Investments are a subsidiary of XP inc are a Nazdaq listed Brazilian Investment management company with USD 14B market cap. Seems rather good company to have on the board.
https://www.nabla.fi/
https://www.xpinc.com/
https://www.xpi.co.uk/#xp-group
https://en.wikipedia.org/wiki/XP_Inc.#:~:text=XP%20Inc.%20is%20a%20Brazilian,management%20and%20other%20financial%20services.
https://companiesmarketcap.com/xp-inc/marketcap/
Slug - Have to agree with Gazzleberry here - everything you currently see re staking, bootstrapping, liquidity pools, nodes etc is all for the techies and crypto nerds and is all of the backend stuff of Pendulum. The front end applications that will build on the platform like Dtransfer and Nabla will be for us normies.
morning pablo - i truly dont want to enter a spat again, our engagement was never about what has been developed, that is clearly not in dispute. it was over your view that spacewalk was effectivly pointless, which is where we disagree.
on reflection my initial reaction to your comments was actually uncalled for and it degenreated into a pointless ****ging match. i apologise for that.
i dont know if you are just an internet antagoniser (if so well done - you dragged me in) or a genuine concerned shareholder. either way what i should have done is explain my opposition to your view, however i genuinly do not have the time to construct a concise explanation so here is a lecture from torsten from back in 2022 explaining what spacewalk was aiming to do, it is slightly out of date as stellar have now developed smart contract capability, but i will leave it up to everybody here to decide for themselves if it is useless or not.
https://andnlearning.com/product/spacewalk-a-trustless-decentralized-multiasset-bridge-for-polkadot/