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Isn’t that a breach of Covid Rules ?
This is why TAAL / BSV is up today
https://coingeek.com/craig-wright-awarded-default-judgment-in-first-bitcoin-white-paper-lawsuit/
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.
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One of the candidates in the upcoming AGM has withdrawn on personal reasons.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.
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…
LOL. Get a life….
No
Pulses from our star do not cause earthquakes
Nor do they make people sick ( beyond the big one which has not happened )
In short, they have minimal impact on Earth ( until the one that does )
We face many Earth shattering disasters. Super Volcanoes / Massive Earthquakes : Next Ice Age / Alien Attack etc. I do not do dismiss any.
But solar storms have very little impact on the surface of earth ( orbit not included )
Yes I agree,
Just saying this Internet glitch today wasn’t a Solar Storm. Which I thought you implied.
I read up on the risks of Solar storms ( titled something like the next Corona Disaster ). The risk is very real. As for it been the cause of Tesla’s crashing into trees, I very much doubt.
Corona outbursts are normally pushed aside by our magnetic fields ( Northern lights and all that ), but a big one could get through and impact anything, including Tesla’s. However something that big would impact a hell of a lot of other stuff. There would be carnage.
To me the argument that Solar Storms impacting Tesla’s on multiple occasions, would be similar to minor asteroid strikes where what got through only hit Teslas, causing them to crash.
Outage nothing to do with Solar Storms. This should be obvious as the central point of failure was a single company ( Fastly ) It provides services to all the other big sites that went down.
Early indications was it was a configuration screw up in one of their POP servers. Would not like to be the Engineer that made that mistake....
Why is short volume important to you ?
Hardly an issue. 90 mil short from an OS of 8.5 billion
1.7 days to cover.
( Although in principle shorting should be banned )
With Attrib of course....
I know this stickied post is old, but it is the best explanation I have seen.
I have tried to explain short interest / volume many times, never as clearly as this.
Total Respect to the author ( please keep it stickied, I intend to steal it multiple times on various boards)
To be clear, this is the type of loan I am reffing to. I selected the first, it is NOT the only one. Totalled, over 20% of REVENUE is lost on these types of loans.
On February 1, 2019 the Company entered into an agreement with an investor whereby the investor would pay up to $900,000 (including $192,500 paid in January and February 2019) in exchange for a perpetual 9% rate payment (Payments) on the Company’s reported quarterly revenue from operations excluding any gains or losses from financial instruments (Revenues). If the total investor advances turned out to be less than $900,000, this would not constitute a breach of the agreement, rather the 9% rate would be adjusted on a pro-rata basis. The investor had agreed to pay the remaining balance in minimum $60,000 monthly installments, concluding November 30, 2019. At February 29, 2020 the investor had advanced the full $900,000.
Then I would pay very close attention to how they are funding a company that is bleeding millions a quarter, with tiny revenue to offset.
Especially take note of any debt where payments are linked to revenue ( not profit ). They are just as dangerous and counter productive to share holders as toxic notes.
Are you doubting the current 3.45 billion OS, or the historic number back in December.
In both cases it was taken from the official numbers from the OTC.
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)
As of May 25, 2021, TAAL had approximately 84,000 BitcoinSV in treasury.
Nice...
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
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.
From the company update, they will have over 450PH by end of June. Another 1000 s19s (110PH) online by end of year.
3000 additional s19 miners next year for another 330 PH
In total, this bringing to around 900PH
I assume not all of these will be mining BSV, as this would easily put TAAL over 50% ( closer to 70% ). As I understand it, that’s not a good thing.
News out
https://www.sedar.com/CheckCode.do
More mining power.
Final short term prospectus for new 100 million offer filed
https://www.sedar.com/CheckCode.do
Wont know the numbers / share price offer etc until the supplement is filed
Total loss for the quarter. (209,492,368)
But not to worry, they made 700k
Brutal Crypto drop, led by BTC. Its hard to see how Bitcoin can be called a store of value / wealth or Digital Gold when its value is so volitile.
Without utility, you have nothing. BSV is the only one with real Utility.
31k BSV traded today in TOTAL drop of over 41%.
The shorter added yet another 8K to his position trading into the drop.
Quarter of the entire days trading is this one single manipulator.
The price will reverse for the whole market, and prices will rise rapidly. This guy will be 115k short.
For banking, I expect you are correct.
As we come out of lockdown, we can expect hyper growth in the short term. With Biden printing dollars we can also expect the return of inflation. Rising Interest rates will follow, which is great for BAC
Brutal Crypto drop, led by BTC. Its hard to see how Bitcoin can be called a store of value / wealth or Digital Gold when its value is so volatile.
Without utility, you have nothing. BSV is the only one with real Utility.
If you average down to zero, does that make you rich ?
Still had no update on what the $100 million NEW offering is about.
I am thinking it could be a placeholder, getting the filing in place should they want to do another at some point in the future. If we get no update in the next couple of weeks, I suggest its not important.
BSV now short 105,000 Coins. It just gets bigger and bigger
I have noticed the short increases every time there is weakness in the price, it forces the price lower than the overall market. It recovers ( in part ) during the up cycle.
It is pure manipulation. Artificially suppressing the price of BSV.
Taal partnering with Centi on smart contracts
https://centi.ch/centi-taal-stas/
TAAL’s STAS tokens stands for Substantiated Tokens from Actualized Satoshis, which is also a tribute to Bitcoin’s forefather – Satoshi Nakamoto. It is a method by which any user can freely convert generic unsubstantiated Bitcoin, or sats, and turn them into a “minted” token with a legal issuance contract. It is a smart contract which uses Bitcoin native script.
BSV shorts up-to 100k coins now. He needs to be taken out.
Yes, the irony was not lost on me.
It’s worse than that, you are not including the E Preference shares which are owned by the insiders.
3.25 shares in Preference for every ordinary share
Today the Marketcap is reported as about 250 million
Taking preference shares into account its over 1 billion
Not bad for a company shipping 1-2 units a week.
I would be interested to learn how many cars were bought with Bitcoin while it was accepted ( I suspect the answer is zero )
In the last few days he was polling his Twitter fans if TSLA should accept DogeCoin which is the biggest of the Crypto Scams. What changed ?
How is Bitcoin any worse for the environment today that it wasn’t a few weeks ago. ?
I am Long on TSLA, and also follow the Crypto space. Overall I wish Musk would stick to making cars and firing rockets.
Ira v Craig Status report, but no Doc
We know delayed to Nov ( will not reach trial )
Actually if you want to sell shares to raise company funds, you have to file a short term prospectus, and have an official offering that is handled by a 3rd party. You can’t just leak shares into the OS. That would be fraud.
It’s very different from toxic financing where you take a loan, and the repayment is agreed via shares should repayment not happen ( which is always the case ).
If you see the OS grow, and there is no formal short term prospectus filed, it must be toxic financing.
The only other option I can think of is if they sold some of their own Series E/F stock which also have a conversion. But those funds would goto the seller, not the company.