Member Info for Rktech

That was a ban on leveraged trading of cryptocurrency and has nothing to do with the Fintech applications of Blockchain.
Read some of the you tube trader blogs to see what I mean. There are also people giving tutorial s on bybit leveraged trading.
As with all types of leveraged derivative they are a bit like icecubes in the sun.......FCA also tried to ban trading on stocks to retail investors.
Nanny state stuff but nothing whatsoever to do with us.

I like to see a BOD that communicates with shareholders.
There was some ambiguity over the API licence and that has now been cleared up.
Moreover it gives a road map for the company in the near future.
Jack and Shayne have only officially been on board for a month and we have two new companies GS Fintech in Singapore and London with a plan to implement fast payments and new digital currencies based on the coalculus platform.
Great RNS just to keep everyone updated.
I'm sure the fast buck dudes didn't like it but that's their problem.

It means that the whole is greater than the sum of the parts.

It makes it clear that the API application WILL be applied for and removes the speculation by some that it was already in. There are many hoops that we have to jump through and they need to all be in place.
No doubt there will be another RNS when it is in.
In the meantime it has made clear many of the things we have been saying about using the coalculus platform and being at the forefront of the big moves in Fintech and blockchain technology.
Good communications by the company can only be applauded.

@jiffybag is spot on.
The FCA are a collection of incompetent dinosaurs who just look after their mates.
The blatant frauds on AIM that have gone on with no action by FCA is unreal.
Ironically they were warning folks to not buy bitcoin at 30 k which is now around 50 and peaked nearer 60.
They are a bunch of charlatans.

If news does drop I wonder who'll be first with the inevitable.
" Wouldn't want to be out of this over the weekend ".......??????
They might be right this time !!

It's worth 5p without news. The drop was way overdone.
With FCA approval for API 15p+
Jack Bai is not here to hang about doing nothing.

Coalculus uses Jelurida tech and they have solved the power problem and also the speed and efficiency based on the proof of stake algorithm and the parent/ child architecture.
It's just the miners who are using a proof of work system to solve pointless puzzles to mine or in POS termininology validate a block........you just don't need to use any of that power to solve a meaningless puzzle......it was OK when BTC was in it's infancy and you could mine on a PC but it's now grown into a monster......Proof of stake is the answer.

Well it made the today programme this morning on Radio 4.
The subject up for criticism was the amount of power being used worldwide for mining.
They got the worldwide hash rate right at about 150 Exahash that's 1.5 x 10^20.
The power guesstimate was enough electricity to power Argentina or Hungary but that's really a bit of a guess as it can vary but it's of the order of 100 Terawatts.
Iceland's mining rigs consume more power than the rest of the country.
Basically it's getting a bad name on the green front but it's difficult to see a way out without fundamentally changing the nature of the beast. As more mining rigs join the network and the hash rate goes up then the difficulty of the puzzle that needs to be solved to complete a block is adjusted so that on average one new block is mined or added to the chain every ten minutes.
This means the power/block goes up and as the value of BTC goes up then more miners join.
Currently whoever solves the puzzle gets 6.25 Bitcoin.......until the next halving in 2024.
Incredible waste of energy.
The coalculus protocol is based on a Proof of stake and does not waste all this energy solving a frankly pointless puzzle which is unnecessary to validate a new block.
Ethereum 2.0 is also supposed to be based on proof of stake but doesn't work.....yet.
The parent /child architecture of coalculus also increases the speed and efficiency of the blockchain production/processing enormously and uses relatively little power.
Bitcoin is having it's day in the sun right now but I honestly don't know where it will end as more and more power is used to mine less and less new coins.
The future is blockchain but mining is giving it a bad name just because of the pointless wastage of power by the miners.

CBDC or Central Bank Digital Currencies have been on the agenda for a while now.
With FIAT currencies being wrecked it will be inevitable.
The current covid situation is helping facilitate this....as the conspiracy theorists would say.
Maybe it's not a conspiracy but just an inevitability.
Having an immutable, secure ledger of all transactions is the ultimate financial control for Governments of all kinds.
So good to be in on the action from the beginning.

My thoughts exactly ramp.
People buy and sell and that's a market.
No point in getting worked up about the mm's trying to make a living......'bless em.
( That was a bit of heavy sarcasm schalf ).
Lovely day outside and even tried a glass in the garden......now need to turn the heating up to thaw out.
We're all here to pool knowledge and help each other with our research.
FWIW I think we'll be getting a steady flow of news soon and remember that GST is just a vehicle for GS Fintech UK and GS Fintech Singapore.......not bad for starters.
Good weekend and good luck to all.

That's about it.
This stock needs some real news to get the next leg up.
It's also true that if we hang on to our shares then it's more difficult for mm's to use all the tricks they have to engineer drops to pick up shares.
There are so many stories of people over at ARB who said they sold in the 3, 4, 5p range only to buy back in at 20 40 60 etc.
I wrote to Shayne Tan and asked if the API application had been made and if and roughly when the coal coin would be available on a more widely used exchange eg coinbase, binance etc and didn't even get a reply.
These things are price sensitive and I would think we're going to get more newsflow soon so just hang in there and be patient. Frustrating I know but there are companies where the shareholders have been waiting many years for real news only to be given jam tomorrow RNS's and podcasts which are worse than useless.
There is a roadmap here and the BOD are playing things very close to their chest which when you think of the prize is no bad thing.
With monster players like J P Morgan going after the same goal the rewards could be massive.
As an example, Jack Bai is wanting to target all the people in the far east who have no bank account. Many people work away from home and send money with western union who charge a big commision and take days to execute the transaction. Blockchain tech will make that instant and cheap........that's just one example.. He also wants to target the South African market for the same reasons.
HODL your shares and wait for the news to drop.

Well I'm not selling because I can see the massive upside here.
That's all there is to say.
HODL........in the bitcoin parlance.

In an attempt to move this discussion on I would recommend to anyone to read up on the Fintech uses of blockchain.
POW is proof of work and the Algorithm used for BTC , SHA 256 is used in a kind of convoluted process to try and guess a HASH result that contains a certain number of leading zeros.
The first miner to do it gets the reward and miners tend to work in pools and split the proceeds.
The power wastage is phenomenal.
Proof of stake is completely differerent and miners don't exist. A validator is appointed based on how much value they stake and blocks are said to be forged not mined.
It doesn't waste power and is the way coalculus works.
See Here.
https://www.youtube.com/watch?v=M3EFi_POhps

CBDC's are the future as FIAT is finished. Only thing is the central bank will want to centrally control it but utlise the advantage of a secure immutable ledger that shows who has what and who paid who.
You'll be taxed automatically.
There's going to be a mad scramble to implement it.

I use ii.
You pay a monthly 9.99 and get one free trade. then 7.95/trade. Never had any trouble with them though.

BTC taking a hammering and because the herd don't know the difference between a cryptocurrency and commercial blockchain we get thrown into the same bucket.....happens in all sectors.

Why did ARB, a perfectly good company go down from 145 to less than 60p and then rise up to over 300p ?
I'm struggling to see why CLP has risen so much recently.
I was at first sceptical about GST until I realised who Jack Bai and Shayne Tan were.
These guys are not here to muck about and if JP Morgan are pursuing the same goals this has got be worth being involved in.

Wow ! Just dropped 2k to 48k in under a minute.
No worries here as we are NOT a bitcoin tracker .....we are a blockchain financial company.

A coal coin airdrop to GST shareholders would go down well..........!!!