The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
February 19 2019
"Notice of General Meeting to be circulated this month for proposed Company name change from “Lionsgold Limited” to “Tally Ltd” in line with the TallyTM brand and corporate strategy."
https://www.share-talk.com/lionsgold-limited-lonlion-update-proposed-name-change-and-voting-rights/
Anyone had GM notification yet?
.
.
Before marketing gets hold of it,
"Tallygold, the best thing since sliced bread" (copyright)
.
.
The "simplicity" of the concept is paramount, and a paradigm change - just like the introduction of sliced bread imo
.
.
It's the ability to invest using a fiat currency then spending it anywhere in the world at the "click" of the Mastercard, without the need to convert into a different fiat currency. The exchange rate is the spot price of gold at time of use.
Admittedly, the fluctuation in gold prices has to be considered, however doesn't the potential savings in exchange rate fees go a long way in mitigation, more so with the forecast increasing price of gold?
Total boderless "freedom of movement".
.
.
Must be all of those IIs piling in, but keeping the price down!
Hmmmmm
.
.
A reason was given for there being a paucity of marketing:
"THEY HAVE PURPOSELY KEPT THE APP HARD TO FIND AS IT IS IN TESTING"
.
.
Get the Staff in place - done
Get the app launched - beta done
Fanfare re IPO - on-going
Marketing - in hand
Dates have moved but process the same.
.
.
Why the surprise?
"Snap, crackle, and pop!"
.
.
Déjà vu, or reiteration?
https://pbs.twimg.com/media/DwyTNspXcAA7eYT.jpg
.
.
"Container Security and Tracking Market competition by Top manufacturers, sales, price, revenue, and market share for each manufacturer; The Top Key players are:
Honeywell International , IBM , Kirsen Security , ORBCOMM , Starcom Systems"
https://westtribune.com/2019/02/26/global-container-security-and-tracking-market-report-top-companies-trends-challenges-driving-factor-analysis-cagr-of-21-45-and-forecast-to-2022/
.
.
"The Usk Project (previously known as Zebec Energy project) located in the municipality of Usk, Wales is for a facility which will have a capacity to process ca. 42,000 tonnes of wood waste per year and a power output of 6.4 MWe. The financial close of the project is expected in Q1 of 2019 with the purchase contract executed shortly thereafter."
.
.
It would appear that Zero are purchasing the Helios units with the benefit of telematics/tracking for two years for each unit, sharing the relevant information with the customer. After this period, will a deal be negotiated for continuing SAS, with the customer being offered the option to purchase on-going coverage by Zero?
If Zero failed to maintain telematics/tracking plus software upgrades for the motorbike, it would be a false economy imo.
"Zero will purchase the Helios units as part of its production process under an OEM agreement with no minimum order stipulated in the agreement. Online SaaS will be included free to the bike owner at Zero's cost for the first two years, with an option for the bike owner to connect directly to Starcom's global tracking system for a monthly fee thereafter"
.
.
It must be getting very close to accepting registered non-shareholders into the beta testing, if not done already.
How long before opening an account until receipt of the physical Mastercard?
.
.
No. This system is patented and actually works.
.
.
Big7
Please note the quotation marks at the beginning and end of the statement - have a look at the full article and feel free to take it up with the author!
https://www.investinblockchain.com/bitcoin-lightning-network-block-size-analysis/
As to your laughable interpretation of counterpary risk regarding a personally allocated holding in gold, unlike the inherent risks with unallocated/unsegregated gold holdings, yet again shows a total failure in comprehension.
Please continue posting your erroneous waffle as it passes the time of day, if nothing else.
TIA
.
.
"It is possible that people would only open and close channels once per month or even less frequently. But I think this analysis illustrates that even with some very favorable assumptions, the Lightning Network will not prevent a block size increase from being necessary in the future if Bitcoin achieves mass adoption.
If that block size increase never occurs? Well, fees will skyrocket, the memepool will get deeper than the depths of the Pacific Ocean, and nobody will be able to afford to open and close payment channels to use the Lightning Network in the first place.
More importantly, the high cost and wait times for closing channels will wreak absolute havoc on the trustlessness of the Lightning Network due to the game theory involved.
Whenever somebody closes a payment channel, there’s a waiting period before the settlement occurs on-chain in which the other party from the channel can verify that the most recent balance has been posted. If an outdated balance is posted, the other party can post a more recent balance and claim the full value of the channel.
This is a mechanism that disincentivizes people from posting outdated balances. But, if it’s extremely difficult to get a transaction confirmed within that waiting period, more people will have the incentive to try posting outdated balances so that they can double-spend their coins.
In other words, the importance of low wait times and fees for on-chain transactions is only amplified further by a large population using the Lightning Network.
Ultimately, if that scenario plays out, Bitcoin will lose market share to cryptocurrencies that scale more effectively"
.
.
DYOR
.
Big7 is making further erroneous claims, with no basis in fact, for example, TALY is free from counterparty risk as the gold investment is held outside the banking system.
There is also the singular failure to comprehend why the Gold Standard was discontinued - unlinking fiat currency from it allowed countries to freely print as much money as they wished without the safety of having sufficient gold reserves to cover it.
As for "Lightning" usurping Mastercard/Visa payments, it is pure fantasy to believe that is going to happen any time soon, if at all - integration costs will far outweigh any commission savings for decades.
.
.
Thank you for sharing your experience of Tally, much appreciated.
.
.
GL
.
A little research will show that the banks were lax in compliance of AML using KYC, not that KYC was at fault. Perhaps a look at the 5th AML Directive regarding CDD (KYC) will be enlightening, before making any further spurious claims?
.
.