Bango Share Discussion Threads

[chimers] 26/4/2018 22:35

BANGO will get destroyed by this new system.
Visa and Paypal are rushing to get their own up and running or buy into one.
They are way way behind the curve.
As are all the banks.
Some will survive but only if they adopt hence Goldmans adopting.
Stellar Lumens is Goldmans for example.
Most other banks use Ripple.

[egrid1] 26/4/2018 22:34

Heres some homework for you Chimers...

"What is the blockchain fee?
The blockchain fee, also called 'miners' fee is a bitcoin transaction fee that is charged to users when performing bitcoin transactions. The fee is collected to reward miners for maintaining the Bitcoin network.

You need to pay the blockchain fee to ensure your bitcoin transfers arrive in a timely manner. The blockchain fee is one of the main tools used to speed up bitcoin transactions, which is often slow due to high congestion in the Bitcoin network. The lower the blockchain fee, the lower your transaction's priority in the Bitcoin network."



FEE? FEE?

I thought there were no fees? Lower your transaction fee and you slow down your transaction (afterall, who wants to work for nothing!)... and you pay it to reward the "miners"

Now, aren't the miners really the people keeping the ledger and creating the currency?

Have a look at the "Total Blockchain Fees" chart...



Are those numbers imaginary? All those fees haven't really been paid?

Have you really thought about this gamble of yours Chimers?

[chimers] 26/4/2018 22:33

If someone sent you £10k via paypal you would be charged a hefty fee so you would NOT HAVE £10k.
People in poor counties get chgarged vast fortunes when they send money home if they work abroad to feed their families. For £10 they lose about £3

Blockchain will enable them to send money around the globe for free.


HOW MANY TIMES.............BITCOIN IS A TOKEN IT IS NOT THE BLOCKCHAIN.

[chimers] 26/4/2018 22:30

Every transaction verifies another 2 transactions and the verifying transactions get a micro reward as a fee , so small you wont notice it.

Mining , which is completely different rewards finders of blocks with coin as a reward.
Not all coins are mineable.
MOST AINT.

Mining is not a transaction.

[nimrod22] 26/4/2018 22:30

If someone sent you £10k at Christmas via paypal, you would still have £10k.
If they sent you the equivalent in Bitcoin it would have decreased in value by about 50% so there are some minor drawbacks to consider.
The blockchain technology has many other uses such as those suggested by the shipping company Maersk.

[chimers] 26/4/2018 22:28

By the way if I told you Bitcoin will rise to $1m per single bitcoin and $500k per bitcoin is expected within the next 3 yrs would you buy one now at $8k?

Well you dont need me to tell you this, the worlds top bankers and investors inc George Soros and Goldmans already have.
More or less.
Some say such targets are very conservative.
The very first bitcoin transaction was for pizza they paid 10'000 bitcoin for 2 pizzas.
Or $91'181'600 thats $91 MILLION DOLLARS at todays current price.

You would be a complete fool not to have some exposure to the action.
Im guessing you have no exposure.

[egrid1] 26/4/2018 22:27

Chimers... with nobody paying any fees to anyone, ever (which is not true, but seems to be they way you want it to be seen)...

How the hell are you going to make money on this gamble?

The questions I posed (that you failed to answer) also still stand. My (admitted) ignorance seems so far to only be matched by yours!

[chimers] 26/4/2018 22:20

I dont gamble.
Gambling is for mugs.

Knowledge is Investing everything else is gambling.

Many cryptocurrencies will exist side by side think of them like currencies.
The Yen the Dollar the Euro.

Some countries will adopt a crypto currency as their national currency.

You can build a cryptocurrency on the Bitcoin blockchain or the Etherium blockchain.
All are simple slight variations of the original.
An ERC20 token is simply the Etherium blockchain that has been very slightly adjusted for that particular tokens pland and requirments.

Both are flawed but both can be forked to resolve issues.

However there is a 3rd.
Its the new kid on the block.
It is the one ring to rule them all.
Do your own research and it will become apparent.

[lentjes] 26/4/2018 22:08

So Chimers for the record and future reference please state which Blockchaine companies you have gambled your dosh in this time

[egrid1] 26/4/2018 21:19

"Blockchain is NOT Bitcoin lol."

No, but it is the basis on which cryptocurrencies work. It is the ledger. Though I will happily admit that I do not know the ins and outs other than from casual reading I have given the subject - enough to know that it involves tremendous computing and associated running costs.

You claimed "Blockchain can send money around the globe faster and more securely and for FREE" But that is a bit like saying that a bank statement can send money around the world fast and securely free of charge", when the statement is just a piece of paper recording the transactions.

What is the money... it is a cryptocurrency like Bitcoin!

So tell me... how does this all run for nothing? Who monitors it if not Governments (and the point is that it is not monitored by Governments)? Who pays them? From what? Who creates the currencies? How? at what cost?

[chimers] 26/4/2018 16:16

Yeah but thats the problem its always new deals and Jam Tomorrow.
They never get to profitability.
The chart doth not lie.

[simonsaid1] 26/4/2018 16:10

AAAAAANYWAY.

Last year's AGM was 24th May. I expect we'll have news then or before regarding new Google Play migrations and probably some new deals, as we've come to expect from Bango.

[egrid1] 26/4/2018 15:13

You clearly have no idea if you think that it is "free", or will ever be "free".

There needs to be a massive infrastructure for a cryptocurrency to work, and that needs to be paid for and maintained.

But as a gambler, you don't need to understand do you, you just need to be lucky.

[egrid1] 26/4/2018 11:55

"Blockchain can send money around the globe faster and more securely and for FREE"

You really beleive that blockchain is free?

There are whole warehouses of computers designated just to keep record of the transactions. Those warehouses combined require umpteen power stations to power them.

Who is doing all of this "for free"?

The reality is that they do it to create more of the "currency", currency only has a value due to scarcity, the more they produce, the less scarce it wil lbe, the lower its true value.

There will be those that make money early on - just as the early buyers of tulip bulbs did... but then one day, when no more of a particular currency can be mined, who will pay for the warehouses, machines and power to keep record of the transaction then?

[lentjes] 26/4/2018 11:27

and a very bad one at that, if look back as to when Chimers bought in and claimed to have sold out ( sorry changed mind )Chimmer's lost at least 30% of his / her/ or it's investment.

[egrid1] 26/4/2018 11:16

Chimers26 Apr '18 - 10:34 - 2692 of 2695
A smart investor changes his or her mind daily.


No, no, no Chimers...

A Gambler changes his or her mind daily. A smart investor recognises that a company today as an investment case is exactly the same as the company yesterday as an investment case, unless facts arise to suggest a review.

You are no investor Chimers, you are a gambler.

[simonsaid1] 26/4/2018 10:54

I can only repeat. An annual loss is not a good way to measure a young growth-phase tech company. They're now profitable on a monthly basis, so annual profit will follow.

The Bango platform is tremendously flexible and the sources of EUS through it are becoming increasingly diverse. I look forward to hearing more at the AGM.

Good luck to all, whatever direction they take their investments.

[chimers] 26/4/2018 10:41

As Hamlet made clear so many times, the very thing that makes you successful becomes your undoing. This will likely be the case with PayPal. While their functionality was unique in the early days the changing economic world has moved toward new and better platforms.
Blockchain can send money around the globe faster and more securely and for FREE.

By 2023 more people will invest in Blockchain/crypto than stocks.

[egrid1] 26/4/2018 10:32

Chimers said:

Chimers26 Apr '18 - 10:09 - 2688 of 2690
THEY ARE LOSS MAKING.

Loss making companies dont rise.
Why should they they are lossmaking.


Yet 6 months ago, the same company making larger losses were Chimers best money making scheme he had seen, with him calling on people to fill their buckets they were going to £10.00!

How fickle some gamblers are.

[simonsaid1] 26/4/2018 10:27

Most tech companies in their growth phase are loss-making - investors have to look at revenues and projections to work out the inflection point and likely future profits. That is how this share is projected forward.

Given Bango's cost base has been stable for some time, but their revenue exponentially increasing, and the fact that they are profitable on a monthly run-rate basis, it's not hard to see that annual profit is inevitable.

I was as disappointed as anybody by the share price drop on the Audiens acquisition, but the same reasons I always liked this company persist, and it's a crucial time in their development now.

Regarding Google Play:

'It’s worth noting that Bango is in discussions with more than 30 mobile operators who are considering switching their Google Play routes to the Bango payment platform. “Some of these are really juicy,” says Mr Anderson, and with reason as the total upgrade opportunity is worth in excess of $3bn (£2.1bn) of end-user spend (EUS) on which Bango would take a small cut.'