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How MMs step down on low volume. The first two trades were buys, but both bid / ask under current price.
I predict an up day if we get any sort of volume at all
ETH now positive for the day. What a wild ride...
Down 30% at one point, hopefully the China / Korea thing is all factored in now and its a little more stable for a while. Building business models around something so volitile isnt easy
I noted on the blockchaindome White Paper the huge ranges used for Bitcoin / Etherium. I can see why now...
Did anyone on here attend the second CC ?
The drop of the price of ETH bottomed out, and is now recovering. Uama seems to be tracking it. I’m surprised if that’s the case, as I don’t think we are actively mining yet, so the price didn’t mean too much in the short term.
Still if this is the case, it will be real easy to trade. Just watch ETH price
Etherium down to under 900.
I’m slightly surprised why the action in China / Korea has effected the price so much.
If mining is disrupted in the Middle East, that would mean less coins been mined, so would actually push the price up.
They also want to restrict trading, not sure how easy that would be. The nature of the transactions would be very hard to track / block.
First day where there is a genuine down move (down with higher sellers and high volume).
I thought where is Bilal... must be here somewhere.
I was referring to the BlockChainDome patent, quickened to protect against the Crypto Miners moving to Canada.
On the Snap litigation, I dont think we will settle with Snap. I could be wrong, and it is a difficult call to make, but here is the opposing view.
There are only 2 litigators really worth mentioning (FB and Snap) if we grant a licence to snap we lose the much more valuable ability to grant an EXCLUSIVE licence. Granting an Exclusive licence to snap dosnt make sence, as although we would get revenue etc, we would end up needing to enforce litigation against FB
Litigation against FB would be a misstake as any settlement after a long and proteacted battle (assuming we won) would be very low. FB dosnt make revenue from the Tech (its a feature).
If we granted Exclusive to FB, we get the licence revenue, also assuming we win the trial we also get the damages based on ALL revenue earned in Canada. After that proceedings would begin in the US. It also worth mentioning FB would not share those damages as they woulld relate from 2004, well before any future agreement (what revenue has SNAP made in canada since 2004 ??)
The advantages for FB entering an exclusive licence is in my opinion much more likely, but i dont think 100 million is realistic, although that would depend on the period, for example is it a 1, 5 or 10 year agreement.
Anyway, interesting times, and I do agree it probably will happen sooner than most people think.
In the latest PR, they mentioned they are going for Track 1 Priority on the patent. This, assuming the patent is granted should take about a year in total. Although I assume you get patent pending from day 1 to stop people just jumping in on your invention.
https://www.uspto.gov/patent/initiatives/usptos-prioritized-patent-examination-program
The link give full details of this program
To directly answer your question (purely on the crypto side)... what sets them apart
First off, the BlockChainDomes. Quick datacenter readness (30 days per dome), sitting on farm land, so a lot cheaper, and zero cooling due to patented technology.
green Hydro power (but they will all do that)
Custom built mining rigs for GPU mining (giving more bang for the buck)
Bitcoin mining rigs are off the shelf, but i bet a custom design will be in the pipeline.
Assuming everything works as it should, our overheads will be far lower than those looking at traditional data centers / cooling systems and off the shelf servers
I understand tottaly.
Read up on blocknum ... www.blocknum.com. Look at the white / light paper depending how technical you are.
It will become very clear, Beniot was working on these technologies for years prior to reawaking UAMA. To me the Crypto mining is sort of secondary, it will earn the company potentially 100 million a year and fund Blocknum / iPCS / iFramed etc
Blocknum is the main ticket event, but a much much longer play. If it goes as planned, potentially every financial transaction will be using it (or a future version of). If that works out, its Billions....
The second conference, im not sure was a PR. A few people missed the first due to the first running out of access codes (and it was very short notice). I think they just emailed people, it it was also posted here. It will be nothing more than the first, but questions will be different, so hopefully people will post.
On the actual PR, I think it had two motivators. One is the dive in crypto currencies and a reported mass migration to Canada from China / Korea etc. People think is this good / bad for us. And whats stopping China mimicking what we are doing with the cheaper zoning and semi permenant structures (the answer is the patent). So important that is in place ASAP. So pushing that along is very important.
News out
The company as announced last week the deployment of 25 BlockchainDomes in Quebec beginning in this coming March for a total aggregated output exceeding 50 megawatts.
March wasnt mentioned before, moving quickly
Excellect, i know a few were dissapointed to miss the first. I wont attend this one, as i was on the last a few days back. I would encourage all people who didnt make the last one to join this. Also post what you consider to be the important points / highlights.
You can see at least in theory why the BlockchainDome makes such a compelling solution.
Getting a new dome up and running in about a month
Lower zoning costs
Free cooling through the design
It will be interesting if these other miners will try something similar. Good job we have the Patent...
I like that the mining kit for Etherium (GPU Based) is our design.
We are in a great spot, getting very interesting.
CE was removed on Friday, so a lot of new traders were able to join. Very high volume, there will probably be a PR on Tuesday (just a guess), so still a lot happening.
OTCQB listing will be approved fairly soon
Various bits ongoing with crypto mning which will start to pull n some serious revenue.
Read the bits on blockChain dome, the current two data centers and blocknum.
IPCS , iFramed and Snap litigation is also in play longer term.(should get a very clear idea on Snap around May time)
nice find.. i like that independant outlets are putting there own spin on us, scary how fast things are moving. This was written on Thursday, by Friday the blockDomes were out and the CE removed, making the whole article dated,
That said the China stuff still very important and worth noting.
I hope we get more 3rd party independant coverage going forward, probably some way off but an intellectual view on blocknum would be an interesting read.
No, at the end of the conference, i tried to ask that question , got as far as saying , hi question on the blocknum site , and the call was ended. I think my mic wasnt working, i dont think he would have cut me off.
I have had a few thoughts on the TGE. How much sence does it make to start selling the GIGA when the first useage will be iPCS, and blocknum itsself not even in production till June. I was thinking of the TGE as the main funding source, Im not so sure now the crypto mining thing is in play.
Personally, if the TGE isnt PRed next week, im thinking June or around that time.
I think thats a little optimistic, I would not be surprised to see a significat PR on Tuesday before the bell. ( maybe the TGE), if we do, it will certainly pop, With the TGE in progress I see 40-60c raising to a dollar by the End of March, esspecially if we get some news on the Crypto Mining (first few servers working in to 2 DCs)
The biggest pop we have had so far was 70% in a day, i would be very impressed if we ever see that again. Its so much harder to do the higher up you go.
Just under 2 million shares traded yesterday, on an effective float of 13 million (10 million of float in known hands). That in its-self is awesome.
Its going to be a wild ride.
One other thing worth mentioning.
While they were getting the filings sorted (10 years worth). They wanted to keep them as simple as possible. Nothing that would slow things down. As such the TNW networks deal (that does have real earnings) was closed after the filing period. In effect it officially closed on the 8th Jan.
That doesn’t really mean anything except you may not see those earnings in the filings until Q1 reports.
There was no mention of it been recorded.
The most important points I think have been posted.
For me it was they do have earnings 4-5 million.
And of the 23 million float , 10 million is in known hands (who won’t sell)
Crypto mining will be the first real revenue coming in, that will start real soon.
Interesting comment on iframed. He mentioned that licencing was not always the best approach, as the first licence given means future licencing cant be Exclusive. This was almost implying that giving FB the exclusive licence could be an option, as they not only get to use the technology but stop rivals (like Snap)
He said the first move they made would be thought through very carefull to ensure profit is maximised.
You are more than welcome here, and If you read my posts, you will see im far from a cheerleader. Some of the moves have been downright confusing.
However, there is a consistent plan, and a very good chance this could become a very large profitable company.
There is also a chance it will fail and be worthless... Thats the game we all play.
I do not believe this is a pump and dump, or a scam, or badly managed. I wish it every success
Did you join the CC.. a know we chatted on the SNAP board, is that why ?
If your a shareholder of UAMA too.... Welcome aboard, it will be a wild ride.
Short term revenue will come from the crypto mining side, with Blocknum production ready by end of June
22 employees (engineers / programmers etc) mostly paid by the revenue fron tnw networks (4-5 million)
Float is 23 million, about 10 million of these are personally known to the company (life long friends etc) which leaves an effective float of around 13 million
yep, just music atm
You do that
With the TGE / Blocknum rollout / iPCS / iFramed / snap FB settlements / OTCQB Listing / Q4 Filings / crypto Mining Progress / Crypto Server sales / investor Conference etc etc
Im sure you will do just fine...
By stating the CE would NEVER be removed, i assume you didnt really mean the next day.
Got any more stocks you are avoiding? I could do with a few more like UAMA
Yes...
This is 10x more important than all the PRs this week.
Release the hounds...
Here is an article that explains the difference between Snap / FB.. its a bit old, but still accurate
http://variety.com/2017/digital/news/snapchat-geofilters-legal-cease-and-desist-unitedcorp-1202581616/
In it Snap states the legal action is ‘groundless’. I think more recent news tells you its anything but.
Also i mentioned 1 billion value, this is related to an independant valuation.
http://unitedcorp.com/material-information-disclosure-unitedcorp-releases-patent-portfolio-valuation-information-for-its-dedicated-mobile-content-sharing-geo-location-based-filters-technology/
(In fairness I dont know how independant this really is, as Unitedcorp obviously paid for it, but it is was it is)
Yes, sort of.
With facebook, they have issued a cease and desist, but its slightly different for them. facebook do not pull revenue from Geofilters ( its a feature ) so for them they are not in competition. They need to pay licence, but for SNAP its more serious. 98% of your revenue is based on flouting this patent.
With the US patent granted, things will start moving much quicker.
The company expects to soon begin its direct enforcement action against US social media companies that are using a dedicated mobile content sharing application which acquires and share new user images or videos, but also gives users the ability to select between distinct locally sourced external content items based on their location and to be integrated within their own content before sharing. In addition, the company has recently placed Facebook (NASD: FB) and Instagram on notice to cease and desist using "Frames" and "Geostickers" for its social media users.
Conference Call on Friday 12th Jan 12:00 EST (today by the time you read this)
Sign up here for the number / access code ( its easy )
http://unitedcorp.com/conference/
Benoit Laliberté, CEO of UnitedCorp will be hosting.
See you there ( or at least hear you )
FromTheUk
(Corrected 12th Jan)
Conference Call on Friday 11th Jan 12:00 EST (today by the time you read this)
Sign up here for the number / access code ( its easy )
http://unitedcorp.com/conference/
Benoit Laliberté, CEO of UnitedCorp will be hosting.
See you there ( or at least hear you )
FromTheUk
Note the conference call on the PR as well, suggest we all sign up and join.
News out on the close... Awesome, note it covers two points we raised here on chat
Crypto mining is NOT Green. (Well maybe this is)
ETH moving to a proof of stake from proof of work
Anyone would think they are reading this board for pointers... no way this came out of the blue, Website etc setup at least in part. Thoughts ???
Patent valued at over 1 Billion... not an easy buy
May be of interest to you guys
Snap is currently fighting this in Canada, and will shortly be fighting in the US as well.
https://ih.advfn.com/p.php?pid=nmona&article=76455982
Snap tried and failed to stop the US patent been granted, the patent office disagreed. This covers about 98% of your revenue. Its not going away.
https://ih.advfn.com/p.php?pid=nmona&article=76455982
News on iframed patent out, with the case numbers we may be able to track it, these are often public.
The current lawsuit states that Snap has focused its core monetization strategy on the basis of the iFramed patent portfolio.
That statement in the PR we looked at a while back, it actually relates to 98% of Snaps revenue.