Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
OS is up again 3.993 billion
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
Beyond tears, all followers should look at the long term chart and learn.
Text Book 101 SCAM
Wonder if the sycophants on Waypoint are still happy. Haven’t followed that group for ages.
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.
Just a point of principle here
Selling down ( and occasionally up ) is often simply the MMs ensuring they are not Short / Long.
This company is shit… but EOD trades are mostly noise.
That is a brilliant chart. Over time you can see the pumps having less and less effect as the OS gets bigger and bigger. Anyone looking at that thinking it will all change after Steve’s next tweet, or scammy PR needs their heads examined.
Earnings out on the 18th Aug
OS number in context.
08/24/2018 Reverse 1:100
03/27/2020 Reverse 1:10000
3rd RS expected 2021
Mid April. 400k. ( following 10000:1 RS was 4 billion)
Mid May. 2.3 Million
Mid June 17.2 Million
Mid July 152 million (Restated 196 Million)
Mid August 446 million
End September 843 Million
October 1.504 Billion
November 1.889 Billion
December 2.326 Billion
Dilution stopped following a deal with the toxic dilutors
Feb 2021 OS has continued to rise, and is now 2.9 billion
Mar 2021 3.229 Billion
Apr 2021 3.545 Billion
May / June No Change
July 2021 3.853 Billion
Aug 2021 3.967 Billion
Since Dilution was claimed to have stopped in December, another 1.6 Billion shares added to the OS
That is sound investment advice. If I were you I would go all in.
Liking StarWars / AiTX … they are 100% equal
Yep, that’s it.
That’s your class D shares ( from memory )
There are also class F, but those are more voting / ownership.
So invent a new Class G where 1 share = 5 ordinary. Then start selling those to private investors. Wheels only come off when they want to convert back to ordinary shares ( which they can’t unless there is an RS )
Also they are immune to splits. They are still 3.25 shares per 1. No matter how many times you reverse you always own over 75% of the company.
Yeah, more stinky notes..
But a sensible answer of how they could carry on diluting without raising the AS or OS
Create yet another Class of share ( say class G ) and dilute the shit out of it. People would have to read the filings to even know what’s going on.
The amount of times I have heard this is overvalued when you work out the MarketCap by multiplying the SP with the OS. Yet totally ignore the 3.25 preference shares for every real share.
Multiply the OS by 4.25, and then by the SP to get close to the REAL Market Cap.
I guess that’s another 120k shares hot off the press.
What a Crock of SH*T this stock is…
CoinGeek write up on the large block
https://coingeek.com/behold-the-gigablock-soft-cap-increase-sees-bsv-blocks-approach-1gb/
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.
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.
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
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
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.
That was only updated on the OTC on the 19th. June. Occasionally they don't update often, but ATM OZSC seems to. So don't know. Maybe they delayed registering them, but no reason not to.
Just creeping closer and closer to the AS
Whats a Hot Stock Not ?
A Conway Stock !
This is new as of July 19th
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.
OS is up 4,606,910,897
Did the company PR this, must have missed it in between the rest of their scammy IR
Great article here.
https://coingeek.com/cryptofights-enjoys-explosive-success-on-bsv-blockchain/
This is all transaction income for TAAL ( ok small for now )
Strike 100% now 150%
This is just the start
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.
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
You could be right. We will see in a few days
That drop looked like dilution. We should know for sure next week
I do not believe inflation is temporary. The amount of money that has been printed around the world was pre pandemic mostly ignored by static economies just about everywhere apart from the US. The pandemic will act like a pace maker, shocking the economies back into action and finally move on from the 2008 banking crisis.
Inflation will follow, as will interest rates… And god we need both.
As a side note inflation could be good for TESLA. People with savings seeing their capital inflated away, especially if interest fails to keep up will want to spend… why not on a new car ?
I think you mean 0.01. That about where it was heading before the last pump.
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.
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.
Selling toxic shares is the ONLY thing this company can do well.
You can’t give the robots away….
OS number in context.
08/24/2018 Reverse 1:100
03/27/2020 Reverse 1:10000
3rd RS expected 2021
Mid April. 400k. ( following 10000:1 RS was 4 billion)
Mid May. 2.3 Million
Mid June 17.2 Million
Mid July 152 million (Restated 196 Million)
Mid August 446 million
End September 843 Million
October 1.504 Billion
November 1.889 Billion
December 2.326 Billion
Dilution stopped following a deal with the toxic dilutors
Feb 2021 OS has continued to rise, and is now 2.9 billion
Mar 2021 3.229 Billion
Apr 2021 3.545 Billion
May / June No Change
July 2021 3.853 Billion
Since Dilution was claimed to have stopped in December, another 1.2 Billion shares added to the OS
OS 3,853,852,622
Another 300 million shares
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.
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.
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/