Taal Distributed Info Techs Inc (fka TAALF)

[fromtheuk]

Chart looking strong, can we get above $4 today. Fundamentals certainly justify $20+ ( I would be happy with $10 for now)

[fromtheuk]

Load more court docs submitted over the last few days on the Ira v Craig case

[fromtheuk]

Great TAAL Blog on CryptoFights, the last paragraph threw me. Not sure I fully understand the implications here. They obviously see this as a positive. Maybe they are thinking fan based content…

https://www.taal.com/blog/2021/cryptofights-levels-up-using-bsv-woc/#

If CryptoFights ever goes down, the game we’ve built can be resurrected by someone else in the community because all of the data we’ve used is stored on Java script and is all on chain.

One thing I did pick up on in a previous article, say you buy a legendary sword in CryptoFights, That same sword is digitally owned by you. It’s yours to sell if you wish, or maybe you want to use it in different games. Think on this… the Mobile profitability is all about either you watching endless ads or IAP. Imagine instead it been players selling assets ( and buying ) to other players. The game makers taking a cut.

[fromtheuk]

FYX gaming the creator of CryptoFights strategic partner Unikrn has been bought by Entain ( a huge company worth around $11bn. It owns many names ( like Ladbrokes). Apart from the immediate increase in exposure for CryptoFights, the greater interest is that these big firms are now showing in BSV is becoming more obvious. Keep a lookout for announcements from Unikrn / Entain on the adoption of BSV in the iGaming space.


https://coingeek.com/betting-giant-entain-acquires-fyx-gaming-strategic-partner-unikrn/

[fromtheuk]

I was right on this one…

From Jimmy…

@Bitinfocharts
update: I’ve communicated with site operator since Sunday. It recently stopped #BSV reporting due to massive growing blockchain size, saying this increased disk space cost. Site has now restored limited BSV support

I have checked BSV is back… This was never a Delist, simply technical issues.

Chart look amazing BTW

https://bitinfocharts.com/comparison/bitcoin%20sv-transactions.html#3y

[fromtheuk]

The income earned by miners for processing transactions vs the standard block rewards is now at 6.13%. This is probably the most important number to track, and should continue to grow. Very occasionally a single block will reap more in fees than the reward, but on average we are still a long way off.

By the time this gets to 100%, BTC / BCH / ETH are all toast.

The other number to watch is the typical 300:1 price difference between BTC / BSV ( currently at 298 ). Once that number starts to break down, you will know the market is starting to correct, and apply proper values based on utility.

[yamasushi]

Thanks

[fromtheuk]

Short term, the most striking thing to watch for me is the Crypto fights transactions. This is revenue straight to TAAL and the other miners, currently volume is increasing daily, at some point it will level out and hit a run rate. I hope that’s as high as possible.

There are also new BSV projects hitting the MainNet this year, soon CryptoFights won’t be the only one worth watching.

TAAL revenue from mining was up 700% from last quarter Q4 will be another impressive jump as these transaction fees start showing up as revenue.

As for a real catalyst for price movement, to me it’s still all about the Ira Klienman case starting in November, I still think they will bail last minute, but once that’s out of the way things will change very quickly.

[yamasushi]

What is your timeframe for liftoff on TAALF? Next month? December? Next March? Thanks!


"We have already surpassed ETH. No blockchain on the planet has more transactions now than BSV. As it goes up further, the economic argument becomes clear. A typical 1.25gb block will earn about the same in transaction fees as the 6.25 BSV reward."

[fromtheuk]

BSV earned by TAAL in transaction fees ( not rewards )

May 105
June 138
July 371
Aug 737 ( so far )

[fromtheuk]

Stunning transactions for CryptoFights

https://trends.cash/result/?search=YXBwOmNyeXB0b2ZpZ2h0cw==&period=7&date=0&step=86400

Looks like their fixes worked.

1.5 million TXs and counting today so far.

We have already surpassed ETH. No blockchain on the planet has more transactions now than BSV. As it goes up further, the economic argument becomes clear. A typical 1.25gb block will earn about the same in transaction fees as the 6.25 BSV reward.

[fromtheuk]

Earnings out..

As of June 30, 2021, TAAL held approximately 100,900 BitcoinSV ("BSV") in treasury

Gross revenues of $6.7 million for the second quarter ended June 30, 2021, represented an increase of almost 7 times compared to Q1 2021

[fromtheuk]

Some reporting that Bitinfo Charts has delisted BSV. Indeed if you now go to the site, BSV has been removed.

I however doubt this is a delisting.

1) no announcement

2) a few days before it was removed, the charts for transaction were all messed up. This perfectly coincides with the first 2GB block.

I think the recent block size upfilt broke the site. The charts showed the wrong numbers ( dropping to zero, which we know to be false ). I assume once fixed BSV will return on the site.

[fromtheuk]

Great transaction volume now. More than ETH, This is the CryptoFights chart showing it’s initial release / maint / new client fix’s. 1.25 million tx

Excellent.

[fromtheuk]

Crypto fights fix is released, so they should be good to go again… expect a nice spike in transactions

[fromtheuk]

Hmm no Fins, should have been today..

Assume now before the bell tomorrow

[fromtheuk]

TAAL Fins Wednesday. Should be good, as we tend to also get update on Miner Rollout etc.

[fromtheuk]

Update from TAAL…..

It's a big week for TAAL and we're just getting started!

Today, BSV processed two massive blocks. The first one was 1.2 GB. The fees were 6.33 BSV, in addition to the block reward subsidy of 6.25 BSV. THE FIRST TIME THE FEES EXCEED THE SUBSIDY REWARD.

No time to celebrate because a few minutes later a whopping 2 GB block was mined. This time earning 10 BSV in fees, plus the rewards subsidy of 6.25 BSV.

All detailed and predicted in the Satoshi White Paper in 2008.


https://whatsonchain.com/block-height/700597 = 1.25GB

https://whatsonchain.com/block-height/700606 = 2GB

[fromtheuk]

As BSV is pretty much the only Crypto that wants to operate inside the law, and welcomes sensible regulation. This should be great NEWS for us.

https://coingeek.com/crypto-toddlers-throw-tantrum-as-us-threatens-to-impose-adult-supervision/

The Era of the Wild West in Crypto Land is nearly over.

[fromtheuk]

Earnings out on the 18th Aug

[fromtheuk]

CoinGeek write up on the large block

https://coingeek.com/behold-the-gigablock-soft-cap-increase-sees-bsv-blocks-approach-1gb/

[fromtheuk]

1GB block mined on BSV. The miner getting 6.25 BSV for the block reward and another 5 BSV ( approx ) in transaction fees.

This is where current valuations make no sense. BSV is 300:1 the price of BTC, and the difficulty is also about the same. So for mining power to blocks mined the return is about the same. However transaction fees are not currently part of that equation.

Once this simple fact is understood, why would anyone mine BTC, with 1MB blocks, transaction fees ( per block) will never keep up with BSV without charging excessive amounts that will kill the chain.

[fromtheuk]

Although not saying anything new, this is a great summary of where we are today

https://coingeek.com/is-btc-on-life-support-kurt-wuckert-jr-drops-truth-bombs-on-crypto-bitz/

You can already see the beginnings of this today.

1) the only real liquidity of BTC is created by selling Tether ( created out of thin air)
2) they buy BTC to prop up the price.

As such Tether which is supposed to be backed 1:1 by USD simply isn’t. Not even close. They do have BTC, but if BTC drops, so does Tether. In a virtual death spiral.

This is a text book example of a Ponzi scheme.

Also Tether is under close scrutiny now by the regulators.

TAAL / BSV has a model based on actual utility.

[fromtheuk]

Great article here, and should lead to ever greater revenue for TAAL

https://gaoson.medium.com/the-impending-avalanche-collapse-of-btc-mining-due-to-bsv-utility-fee-growth-cbb4eb38d5aa

[fromtheuk]

Didn’t answer your main question, and the truth is I don’t know.

To me the Ira case is critical.

There are other big projects like CryptoFighrs that are upcoming
One is NChains new one..

As you know I am a follow the short ( or the politics of it ).. the end of that, also to me is a Catalyst

[fromtheuk]

Yah, you are right.. preaching to the nobody. As for catalysts the first is already here

CryptoFights,


Remember back when everything was WeatherSV, this is different it’s real transactions on a real network.

I don’t know if you are a gamer, but that sword I won, it’s mine, not just in the game.. it belongs to me personally.

It’s mine to sell.. ok old school IAP it will cost $10, I will sell for $0.01 ( it’s rusty ) a bit of that is really mine.

If I sell it, I get paid, even Visa is about 5c per transaction, my 0.01c sell would be dwarfed by that charge. Industry will soon wake up.

Think about it. It’s a whole new model.

[yamasushi]

Looks like you basically have this board all to yourself again except for me and 1-2 other lurkers.
I took my $2500 hit on TALLF a few months ago, but still waiting for the opportunity to jump back in.
Any timeline when this could happen?
BV hit $475 area and still this stock only went to $5. What catalyst are you looking for now?? Thanks!

[fromtheuk]

This is interesting, no doubt they were forced to do this, and the other exchanges should soon follow

https://coingape.com/ftx-binance-promote-responsible-trading-by-reducing-max-leverage-limits/

This could have an impact on the BSV short eventually.

[fromtheuk]

Great article here.

https://coingeek.com/cryptofights-enjoys-explosive-success-on-bsv-blockchain/

This is all transaction income for TAAL ( ok small for now )

[fromtheuk]

Strike 100% now 150%

This is just the start

[fromtheuk]

Strike 60% , now 100%

Crypto fights is the first real high volume project to hit the MainNet and transactions are up 100% within 2 days.

Only ETH has more, and that should fall in the next few days.

Other gaming platforms will look at this and swiftly follow. Look at all IOS in app purchases on those type of games, this is a new model. If it works there is a multi billion market where ONLY BSV can serve.

BTW also look at the issues with Binance and Coinbase. Regulation is coming, we should welcome it with open arms.

[fromtheuk]

Transactions on BSV are now a good 60% higher than they were just a couple of weeks ago.

CryptoFights now live, and starting to generate real transaction volume. This will also increase over time.

https://bitinfocharts.com/comparison/transactions-bsv.html#3m

This is the first of many significant projects to make it to the MainNet

[fromtheuk]

Because crypto is down, mainly due to China.

It’s stupid, as just about zero BSV is mined in China, but where BTC goes, all the others follow.

Until BSV ups it’s transactions, it will continue to simply follow the trends.

[mikeonmicrocaps]

Great. So why is the stock price down to $3?

[fromtheuk]

TAAL mined 25,018 BSV coins in May and June, and TAAL processed over 90% of all BSV transactions in June and over 72% in May.

[fromtheuk]

TAAL is a pure play on BSV. That still needs to prove itself. Increased transactions etc.

Although thats a true statement, if BSV were to fail, TAAL could easily refocus and just be a pure miner on BTC, or whatever.

So in truth, I believe , its undiscovered / undervalued. I expect it will remain so until BSV transaction rate takes off.

[mikeonmicrocaps]

Thanks, but that still doesn't explain why very few are buying TAALF

TAALF looks to be dead money

[fromtheuk]

Crash of Crypto, but even with that TAAL is undervalued.

I know when BTC crashes, BSV follows, and it’s a shame. BTC crashed because it was kicked out of China. BSV has little to no mining in China as it wants its nodes in legal law abiding jurisdictions. So the logic that BSV must track the BTC price is flawed.

[mikeonmicrocaps]

So why is the stock price of TAALF in the shitter for the past few months?

[fromtheuk]

TAAL CEO on the China Mining Ban in terms of BSV

Companies like TAAL, who have opted for data centers in countries with stronger law and regulation, are reaping the benefits of the exodus as profits are going up, and the disruption and cost of shutting down and moving is not happening.

Full article here

https://coingeek.com/miners-are-being-turned-off-taal-coo-lars-jorgensen-talks-chinas-ban-and-bsv-energy-efficiency/

[fromtheuk]

This is why TAAL / BSV is up today

https://coingeek.com/craig-wright-awarded-default-judgment-in-first-bitcoin-white-paper-lawsuit/

[fromtheuk]

Total TAAL blocks mined: 1,825
Total TAAL big blocks: 16 blocks greater than 200MB
Total BSV in TAAL treasury: 84,000
Total TAAL PH online: 404 PH
Total TAAL transactions: 7,306,564


404 PH. That’s great….

Riot has about 842 PH online ( just over double )

Riot Market Cap = 2.7 Billion
TAAL Market Cap = 113 Million

Are we over 10x Unvalued ?

In fairness, I do thing Riot is Overvalued, but not by that much.

[fromtheuk]

News Release today, but not important from an investment perspective.

One of the candidates in the upcoming AGM has withdrawn on personal reasons.

Hope it’s nothing serious.

[fromtheuk]

Brutal phase in Crypto Land

You would have thought China pulling out of mining would be seen as a positive for the rest of the miners. regardless of coin..

For BSV, most mining is outside China anyway, so makes little to no difference.

If it stays low for BTC, it could cause a death spiral. No utility at all, only its price holds it up. Once its gone its gone.

Just hope Craig gets access to his coins and can sell prior…

[fromtheuk]

https://www.newswire.ca/news-releases/enterprise-blockchain-processor-taal-becomes-hut-8-s-newest-hosting-services-partner-865067316.html

Hut8 to host the 1000 new rigs. ( no similar announcement yet on the very new 3000)

[fromtheuk]

As of May 25, 2021, TAAL had approximately 84,000 BitcoinSV in treasury.

Nice...

[fromtheuk]

https://coingeek.com/taal-reveals-expansion-of-hardware-fleet/

Nice read

[fromtheuk]

In April, Taal processed about 60% of the entire BSV Chain ( didn’t think it was that high, but thats their own numbers).

Blocks should be approx every 10 mins, so 144 blocks per day as a loose average. Which means they won about 86 ( Way above the 30 they stated ). With more coming online in June, more in December and more again Q1 next year.

Interesting times

[fromtheuk]

Yes, exactly 50% attack etc. But to be clear I don’t really know what that is.

Also in the list of things. This is not on top.

[moondoggy]

“As I understand it, that’s not a good thing.”

Are you concerned about too much concentration of BSV in just a few hands?