Blue Star Capital Share Discussion Threads

[hazl] 06/7/2017 22:40

Wow!
..... they are now having a roof top party ,live-music and then off to a night-club!
Sounds a great Conference and our Satoshi-Pay man one of sixteen speakers.

'This fifth #BIP001 conference is taking place in Odessa, a city that is very well known for its one of a kind atmosphere, delicious food, a spirit of freedom and beautiful people. That's where BIP001 started and where it became the best international blockchain conference in Eastern Europe. Join us to experience the unique hospitality, get to know prominent people from the industry and receive inspiration, great emotions and fantastic memories.'

sold out of tickets too....I am not surprised.

[hazl] 06/7/2017 17:16

satoshi pay and pay pal better perhaps?

[hazl] 06/7/2017 16:22

Again why 'battle' then?

Wish we could listen to his talk ourselves!

[apfindley] 06/7/2017 16:19

Exactly. Yes. There are only 21million Bitcoins. No more. And I think there are 100m satoshis per Bitcoin.

[sja123] 06/7/2017 16:17

Understood....so satoshis are pegged to bitcoin value at any given time...and once purchased, their value could rise or fall in your wallet.....just like any currency..

[apfindley] 06/7/2017 16:14

Starting to make me wonder now, as there are only and will only ever be 21million Bitcoins in issue, then the widespread use of satoshis to buy millions and billions of pieces of online content (ie via satoshipay), then it could have the effect of sending the value of cryptocurrencies (tokens) rising exponentially without stopping.

[apfindley] 06/7/2017 16:11

The exchange rate risk I expect is down to the end user and will depend solely on the exchange rate for Bitcoin relative to your local country currency at the exact moment you fund your wallet. After that, the value of satoshis is fixed to the value of Bitcoin. Buy a load of satoshis, and they could end up being worth more as the bitcoin price rises.

[sja123] 06/7/2017 16:09

Good question...

I assume on any given day, 400k satoshi would vary in price....who sets the rate?

[apfindley] 06/7/2017 16:07

Yes that was a transaction fee only to make the cash transaction. You wont be charged when using your satoshis to buy Content/articles. The seller of the content will pay the fee to satoshipay. For example if you pay the equivalent of 10p for a news article, the seller will keep 9p and they will give 1p to satoshipay. You will not incur any fees yourself, apart from on the initial cash transaction to put the funds Into your wallet. This is what I'm led to believe.

[cyberbub] 06/7/2017 16:05

OK thanks.I'm just wondering who bears the exchange rate risk which exists in the transactions. The buyer, Satoshipay, or the content publisher.

[sja123] 06/7/2017 15:50

The way it was presented to me was that having selected qty of satoshi I wanted, I was then given the choice of paying with bitcoin or paypal....selected paypal, paid 9 euros 6c for 400k satoshi....no bitcoin involvement at all....euros converted to sterling by paypal....

Whichever choice of payment method, bitcoin or paypal, you end up with satoshis....the currency then used for payment online...

Hope that helps...

[cyberbub] 06/7/2017 15:44

So can I just clarify, when you pay Euros (via Paypal) which are then converted to 'Satoshis', are those then further converted to Bitcoin? Or if you choose to top up in Bitcoin, are those then further converted to Satoshis?

[hazl] 06/7/2017 15:30

Nanopayments vs. Blockchain - let the battle begin"
title.....does it have to be a battle?
Surely it's alongside?

Incidentally I read it wrong, I think his slot should be soon, about 4pm.

imo

[sja123] 06/7/2017 14:47

yep 4k satoshi....appx 9 cents...

[hazl] 06/7/2017 13:47

sja
Excellent I must have a go at it.
Thanks very helpful.

[doodlebug4] 06/7/2017 13:44

Sja, interesting post thank you. So presumably you were charged 4k Satoshi as a fee?

[moormoney] 06/7/2017 13:27

If the presentation goes well the buyers should be back before close and for some time imo this is such an early opportunity 😄

[sja123] 06/7/2017 12:54

Tried out the concept this morning on benn.org....Meinhard Benn's blog site...

Half way down it asks you to pay 4k satoshi to continue....clicked, took option of 400k satoshi for around 9 euro...option then to pay using paypal or bitcoin....redirected me to paypal and processed transaction...

Blog opened up to continue reading and a floating icon appears at the bottom of the page saying I have credit of 396k satoshi....this icon should appear on any website that is satoshi enabled although I haven't gone to others yet....

Seems very easy to use and can see why publishers who are having advertising content blocked and consequently losing income would freely adopt this system....

I am a holder of BLU shares.....

All IMO dyor etc

[hazl] 06/7/2017 12:43

15.40 pm his bit!

[doodlebug4] 06/7/2017 12:40

Cheers hazl, I hope we can get a video or transcript of Meinhard's presentation at a later date.

[hazl] 06/7/2017 12:35

Thanks for the 512 link doodle I am so pleased Satoshi pay is there!

[doodlebug4] 06/7/2017 12:32

Apart from all his other talents Meinhard is brilliant at using social media as a platform for getting his message out to a wider audience. He just gets it -----------

meinhard‏ @meinharrd 8m
More
💁‍♂;️📽 getting ready for my presentation at #BIP001, mentioning @iotatoken and @StellarOrg

[doodlebug4] 06/7/2017 12:21

From earlier this year, but worth reading for any new investors who may have missed it;

[doodlebug4] 06/7/2017 12:14

I agree flash. Jim Mellon is still invested in SatoshiPay so it must have been Lorne Abony's decision. FFWD's loss is BLU's gain.

[flashheart] 06/7/2017 12:01

Managed to get some more early doors db. Very promising here and a nice % ownership of Satoshipay. (Although they have some good other investments, I can't help feeling it was a massive mistake by FFWD).