Blue Star Capital Share Discussion Threads

[comedy] 01/12/2017 08:00

massive news

[comedy] 01/12/2017 07:59

SatoshiPay CEO Meinhard Benn said "We are actively preparing to move all transactions onto the Stellar network from the beginning of 2018 and the loan from Blue Star is a conservative step to ensure management can focus aggressively on building the client base while fully optimising the significant marketing support from Stellar Foundation. Since announcing our partnership with Stellar the value of their marketing pledge to SatoshiPay users through the allocation of 50m Lumens to the first 100,000 users is now over EUR3m at today's price."

[cyberbub] 01/12/2017 07:55

I see this as good news. Satoshi don't want to dilute themselves so have taken a loan. The statement about being enough to see them through to full commercialisation is encouraging...

[phowdo] 01/12/2017 07:49

SatoshiPay have no excuses to not file their accounts now.

[comedy] 01/12/2017 07:19

Finally game on...and we have managed to sneak another 3% plus of satoshi...ie increased our holding by 10% by the back door.well done tf

[counting cards] 01/12/2017 07:14

Blue Star Capital
Loan to SatoshiPay
RNS Number : 0660Y
Blue Star Capital plc
01 December 2017

Blue Star Capital plc

("Blue Star" or the "Company")





Loan to SatoshiPay



Blue Star Capital plc (AIM: BLU), the investing company with a focus on technology and its applications within media and gaming, announces that it has subscribed for €200,000 of convertible loan notes ("LN") issued by its investee company SatoshiPay Ltd ("SatoshiPay"). Blue Star has an existing 31% equity interest in SatoshiPay.

The LNs have been subscribed for by Blue Star at nominal value (€200,000 in aggregate) and are redeemable in cash on 31 December 2018 together with interest accrued at a rate of 4% per annum. Alternatively, Blue Star may elect to redeem the LNs early in full upon completion by SatoshiPay of a fundraising in excess of €750,000 or in the event of certain circumstances including SatoshiPay being in financial distress.

Blue Star may also convert the outstanding LN into fully paid ordinary shares in SatoshiPay ("SatoshiPay Shares") in the event that:

i. SatoshiPay completes a fundraising of at least €750,000; or

ii. in the event of a change of control of SatoshiPay; or

iii. at any time after 30 June 2018.



In the event of conversion of the LN into SatoshiPay Shares ("Conversion"), the outstanding LNs would be converted at a 15% discount to the valuation of the relevant equity fundraise undertaken by SatoshiPay on or prior to the date of Conversion or the valuation of SatoshiPay at the time of a change of control of SatoshiPay. For illustrative purposes, conversion at a 15% discount to the valuation of SatoshiPay of approximately €6 million (being the valuation at the time of SatoshiPay's fundraise in January 2017) would result in Blue Star increasing its holding in SatoshiPay by approximately 3.8%.

SatoshiPay intends to use the proceeds of the LN for working capital purposes as SatoshiPay seeks to commercialise its technology.

[thegrumpster] 30/11/2017 20:51

Article from a pro-Brexit site. (August 2017)

This week the government released a new paper calling for the “freest and most frictionless trade possible” with the EU. Ideally, Britain wants no customs border, which, the paper admits, would be “unprecedented” and “could be challenging to implement”.

In just hours, the European Parliament’s Brexit negotiator Guy Verhofstadt dismissively labelled “invisible borders” a “fantasy”.

The good news is that a new technology is very well suited to having no customs border: blockchain.

Blockchain is a technology to create distributed trusted ledgers of information – it is a type of database that records blocks of information in a an efficient, verifiable manner. Blockchain is the technology sitting underneath the cryptocurrency, Bitcoin—but it has, far wider applications.

It’s become cliche in industry to say blockchain is the next big thing. The Big Four accounting firms and banks are already testing the technology. That’s because blockchain will revolutionise how systems will operate, from financial transactions and supply chain management, to asset ledgers and government records.

Blockchain would be very well suited to managing a customs system.

In order to deliver a borderless solution, Britain needs to be able to track the final destination of imported goods, and apply the appropriate EU or British tariff, if it is to pursue the “New Customs Partnership” model proposed in the paper.

Blockchain technology could be used to store information about, for instance, a new package of goods imported into Britain but destined for the EU. The data can be accessed immediately by all authorised parties, and include information such as the dimensions and weight of the package, and the origin and destination. This could all be clearly linked to the producer and transporter.

The record could then be used by the government to determine the appropriate tariff—be it the EU rate for a package destined for the EU, or the (hopefully lower) UK rate. If the destination of the goods were to change, this would be automatically updated on the blockchain, updating the payable tariff. There would be no need to require businesses to inefficiently pre-pay maximal tariffs and receive a refund, as some have mooted. The process of calculating duties could even be automated within the blockchain through what’s known as ‘smart contracts’, minimising administrative costs.

Blockchain is also highly secure. Once information is added to the blockchain it is extremely difficult to modify. In order to change some information on the new customs blockchain, such as inputting a new location for a package, all the other related blocks must be modified, allowing for efficient verification and auditing. In simple terms, you can track and trace the origin of a good’s record, and if it has been changed. This significantly reduces the risk of fraud within the system.

In practice, every ship and vehicle carrying goods across the border into the EU would register the information of the consignments they are carrying on the new blockchain. This would allow for secure cross-checking and tracing. You would know the exact location of goods, be it in the dock, on the ship, or at the destination, the contents of each consignment, and the payable tariff. The EU could even track this process on the blockchain, ensuring they are receiving the appropriate tariffs.

A blockchain could also help solve the complex issues related to Northern Ireland. A blockchain could track cars crossing the border to maintain borderless travel and peace in the region.

Brexit, most will admit, is a very complex project. Untangling decades of interconnected institutions is no easy task. But it also provides an extraordinary opportunity. In the future, all customs systems will be on a blockchain. Rather than dismissing the possibility of frictionless trade, Britain and the EU could become world-leading adopters of the new technology.




-------------------------

Similar article from Air Cargo World


UK traders say blockchain can ameliorate impending customs congestion

Lewis King
August 16, 2017


David Davis, who holds the title of Brexit Secretary, said today that a new customs system will be in place by 2019. UK traders have pointed out that blockchain could automate and systematize the administrative burdens of customs oversite generated by the impending customs regime.

Adoption of blockchain technology in the logistics industry has been uneven despite its promise. While the technology is making headway in the maritime mode, airfreight has struggled to implement the technology, in part because of how segmented the industry is. Many smaller companies resist the expensive adoption costs, while others cling to legacy systems. If blockchain becomes the default monitoring and tracking system along the borders of one of the world’s largest economies, other state and non-state actors could follow suite.

Jody Cleworth, CEO of Marine Transport International, said blockchain would maintain the same “frictionless” border that the U.K. currently enjoys with the E.U. “Blockchain offers a better way of recording customs data in a way that can be shared both securely and transparently with multiple parties,” Cleworth explained. “In the marine supply chain, we have seen how a blockchain-enabled system can greatly reduce associated administrative costs and time delays.”

Blockchain allows authorized individuals, such as border agents, to access shipment data that could, in theory, cover the shipment along the entire supply chain. Any efforts to tamper with the shipment or corrupt the report would be visible to authorized agents, meaning that suspicious shipments would be easy to spot.

Cleworth explained that blockchain could give border officials automatic access to data and documents linked to the vehicle as it reaches the boarder. “The added bonus is an immutable record of provenance, meaning that supply chains or goods can be traced to source and destination,” he said. This gives agencies a real-time view of what cargo and persons are arriving or departing from a specific port. And because it’s all automated and digital, border agents could rely on algorithms to detect anomalies.

“The challenges posed by a new U.K./E.U. border must be dealt with using the best technological means at our disposal,” Cleworth concluded. “Blockchain represents one of best options at present.”

To learn more about the impact of blockchain onfreight forwarding, air freight and logistics, join us at Air Cargo World’s ELEVATE Conference in Miami, Oct. 2. Click here for registration information.

[thegrumpster] 30/11/2017 19:25

"AMA w/ Meinhard, Founder of SatoshiPay - Now SCHEDULED! Join us on Friday Dec 1st at 11:00am PST :) self.Stellar

submitted 1 day ago * by blockbasics - announcement

Hi Reddit! Super excited to announce that on Friday 12/1 at 11:00am PST: ....

..... IF YOU'RE NOT AVAILABLE DUE TO THE TIME DIFFERENCE, just leave your questions in this thread and Meinhard will answer them on Friday 12/1 at 11:00am PST. "


About half a dozen or so questions so far.

11:00am PST is about now tomorrow night. (From 19:00)

[hazl] 30/11/2017 16:46

Good to see things very much active still with BLU.
Also great posts Comedy and Doodle as ever!....Still got my few stashed away,hoping for great things to happen!
You never know.

[doodlebug4] 30/11/2017 16:42

Beat me to it apf - I was just about to post a similar comment.:-)

[apfindley] 30/11/2017 16:35

This feels ready to go ? POP ? soon? ? ? ? ? ?

[doodlebug4] 30/11/2017 15:58

Meinhard is full of surprises, so perhaps the publishers will be announced earlier than 7 December at the official launch in Berlin.

[comedy] 30/11/2017 15:48

get the orders filled and let move for the new phase in satoshi pays growth..tonite hopefully get the name of publishers revealed!!!

[comedy] 30/11/2017 15:23

just need lock down here so no one can buy big blocks and watch how the share price will move...coming soon..hope meinhard reveals publishers tonite!!!

[wolfcub] 30/11/2017 15:18

Bought a few this afternoon :) Seems like we might start getting some bigger moves.

[comedy] 30/11/2017 15:06

In 2016, further research from PwC shows that 78 percent of U.S. CEOs are somewhat or extremely concerned about the rapid pace of technology change

[comedy] 30/11/2017 15:05

How Does Digital Innovation Relate to Disruption?

Research from Cisco suggests that digital disruption has the potential to reshape marketplaces, upset incumbents and lead to large scale changes more rapidly than any other business trend in history.

[comedy] 30/11/2017 15:03

i think we are on to publishers and income streams!!!!

[comedy] 30/11/2017 14:50

trying to work out the bottom 2 words!!!

[doodlebug4] 30/11/2017 14:48

Well spotted comedy - here's the clickable link;

[comedy] 30/11/2017 14:43

hxxp://www.tivix.com/blog/what-is-digital-innovation

[comedy] 30/11/2017 14:41

publisher digital innovations

[comedy] 30/11/2017 14:41

look at the above picture and look at the board behind meinhard!!!!