Blue Star Capital Share Discussion Threads

[888icb] 24/5/2021 19:51

Unfortunately our stake in Fingerpay is so small that even when it does very well the monetary value is too small to make a noticeable impact. If on the other hand we had the 27% we have in Satoshipay it would be a different story!
okspookie some of the companies that have gone into these new blockchain areas have made a lot of money in a short space of time. NFT and DeFi are the latest new areas of interest and could do very well as they fall within Satoshipays expertise. Interesting to have a number of irons in the fire.

[remarkomsoc] 24/5/2021 18:54

Very quiet on fingerpay

[fairenough11] 24/5/2021 18:29

If you are for real Tony,thanks for sharing your thoughts in the post above.Patience is needed for disruptive tech,but if successful the wait is worth while.
Esports is a winner.

[okspookie] 24/5/2021 18:13

tks for ur comments Tony

any regrets about how much money u pumped into SatoshiPay?

on the basis of hoping micropayments sounded good

following on from that b2b payments sounded good

& now the latest buzz word is either nft or defi

keep throwing darts @adartboard

hopefully BLU might hit a bullseye in the next 10 years

im beginning to doubt it

[ragnarr] 24/5/2021 14:49

Well by the sound of things we will have updates on Satoshipay soon enough and in the meantime look forward to Dynasty IPO.

[888icb] 24/5/2021 12:36

Doodlebug I understand and share the frustration at the historic lack of news flow and slow progress. But I think Tony has made a fair point when he says
“ In my opinion it’s unfair to criticise SatoshiPay’s management for failing to make micropayments successful, everyone we spoke to at the time felt it was an attractive plan but in retrospect the publishing world was and still is trying to deal with its own issues and this novel approach came too early”
We now have Dtransfer but we also have Danny Masters as a Director and Derek on his Meinhart’s case to move it forward. It seems to me that good progress is being made and a tweet following last weeks private presentation that there will be further news soon.

[dennisbergkamp] 24/5/2021 12:05

BI,

You really make me laugh ;-)

Tony, much appreciated, definitely a positive to see you post your thoughts.

D (@official ;-))

[doodlebug4] 24/5/2021 12:03

Tony - thank you for your input, much appreciated.

888ICB - I have been critical of SatoshiPay at times, which is born out of frustration at the lack of newsflow and slow progress. Tony has just admitted that he was at times "frustrated by their lack of urgency" - and that is a fact!

[888icb] 24/5/2021 11:44

Many thanks Tonyfabrizi for sharing your insight with us particularly on Satoshipay which you have considerable knowledge of. You are correct that there are a number of posters who are very critical about Satoshipay but their comments are not supported by any facts. I hope on the basis of your comments they will desist from their negativity.

[tonyfabrizi] 24/5/2021 11:29

As the former CEO of Blue I thought it might be helpful if I passed on my thoughts on some of the points raised on this bulletin board. I would like to make it clear that these are my views and are not in anyway representing Blue or its board. They are based on historic knowledge and what’s in the public domain. I am also a shareholder in Blue with a holding around 75m shares.

First, SatoshiPay has been the cause of much disagreement amongst posters and I fully appreciate why many of you are disappointed by the speed of progress. When Blue first invested in SatoshiPay and built a sizeable shareholding, the company’s focus was on micropayments and their applications with the publishing vertical. This seemed like an attractive proposition but as many of you know, take up was poor so management sensibly pivoted away to a new market, namely B2B cross border payments. This market was chosen for its size, the inefficiencies which still exist and the complimentary fit with blockchain technology.

In my opinion it’s unfair to criticise SatoshiPay’s management for failing to make micropayments successful, everyone we spoke to at the time felt it was an attractive plan but in retrospect the publishing world was and still is trying to deal with its own issues and this novel approach came too early. The switch to Dtransfer also makes sense but is taking longer than forecast and its certainly possible that SatoshiPay will fail to break into this market, only time will tell.

SatoshiPay’s management have come under a lot of criticism for the slow progress and lack of newsflow. Personally, I was at times frustrated by their lack of urgency but on the positive side, Meinhard is highly knowledgeable and respected within the crypto/blockchain world (including within SDF) and despite what some posters suggest is highly committed to making SatoshiPay a success.

So where does this leave Blue? The company sits on a significant shareholding and has Daniel Masters and Stellar Development Foundation (SDF) as key stakeholders. Danny through CoinShares is a well-respected figure in the crypto/blockchain world and SDF are the 15th largest currency with a market cap of around $10bn. I take a lot of comfort from the fact SatoshiPay are an important part of the Stellar ecosystem and I believe they will ultimately help ensure SatoshiPay succeeds.

Second the esports portfolio. When Blue was first presented with the opportunity to invest in a portfolio of esports start-ups it was clearly a risky approach but one which offered significant upside potential. Fortunately, Guild has already more than repaid that decision. However, the company I am most excited by is Dynasty. The business model of Dynasty is highly attractive being a SaaS model so highly scalable. The recent raise was very well supported and they have already announced an intention to list on the Australian stock market. Given their current rate of growth, reaching cash flow positive so quickly, the strong fundamentals of the gaming market and a very large pool of potential customers, the upside for Dynasty from the current valuation is, in my opinion, substantial.

Overall, I believe Blue has an attractive portfolio of investments, a highly incentivised team and a core base of large supportive shareholders. GLAH.

[ragnarr] 24/5/2021 11:23

Jean-Marie Mognetti - CEO Coinshares 2021 Q1ReportThroughout 2021, we expect to capitalize on the significant activity levels we are currently experiencing in capital markets while expanding our infrastructure offering and our trading strategies, which should result in gains during periods of relative inactivity in the markets, such as our fixed income offerings, which appeal to more traditional investors, or the growing set of decentralized finance, or DeFi opportunities, which present compelling opportunities for more innovative risk-tolerant market participants. Our vision is to remain low-touch and technology focused, and to scale through API integrations and connectivity..We are always thinking of what's next and what, or who, can help us serve a market need. One of the frameworks we utilize is build, buy, partner.In addition, by the end of this year, we intend to introduce a business segment focused on the Consumer Finance market, which will leverage our technology and compliance capabilities to bring innovative solutions directly to a new type of user

[888icb] 24/5/2021 11:06

It would seem that if as appears likely Satoshipay are getting involved in DeFi they are doing so at the right time. A fast growing area with a lot of potential.

[ragnarr] 24/5/2021 10:36

https://www.coindesk.com/defi-more-disruptive-to-banks-than-bitcoin-says-ing

[stoxx67] 22/5/2021 16:19

not at all,

i think as an end of lockdown restrictions gift on June 21st ,i'd like an RNS from BLU stating that Satoshipay are the subject of a bidding war between Elon Musk and Jeff Bezos.

i would certainly drink to that , most heavily !!!

[ragnarr] 22/5/2021 16:01

Stoxx67 - Ok maybe I got a bit carried away with that one - I consider myself reprimanded :-)

[stoxx67] 22/5/2021 15:57

now come on ragnarr , you have done well so far.

but steve jobs and meinhard in the same sentence just will not stand ;)

indeed meinhard is a bit of a ..... maverick... errrrr.... sounds like maverick ;)

[ragnarr] 22/5/2021 15:29

I think it is fair to say that Meinhard still has a lot to prove.He is clearly a bit of a maverick and general weirdo, but he has managed to get the backing of some serious people, so whilst the micropayments failure doesn't particularly worry me I can see why it does others, but worth remembering that it took Steve jobs failures and 12 years to get Apple up and running.

[888icb] 22/5/2021 15:07

Define “serial”. It was obviously disappointing that micro payments failed to gain traction in the marketplace on a large scale at this time. However this has tested and proved the technology which is now being used by Dtransfer. Dtransfer was launched last September and the news to date has all been very positive including this from a BLU RNS 2 weeks ago
SatoshiPay is a fintech company supplying payment and money transfer infrastructure based on blockchain technology to digital industries and globally operating SMEs. Having initially focussed on building a micropayment infrastructure and platform the decision was taken just over a year ago to use the same technology and experience to move into B2B cross border payments service for businesses. The reaction to this new product has been positive and the Board are encouraged by recent developments.

[stoxx67] 22/5/2021 13:42

used that phrase regularly QS99.... "serial disapointers".... its so apt !

maybe a name change is in order to Disappointapay

this aside QS99, i absolutely agree with what you have stated.

[qs99] 22/5/2021 11:25

Satoshipay IMO have been serial disappointers. Unless there is a step change, IMO they will continue to be as rest of crypto market passes them by. DYOR and GLA!

[888icb] 22/5/2021 11:16

Satoshipay is a private company with 15 shareholders so why would they want to tell you anything. What benefit would Satoshipay gain by telling you or any non shareholder anything?
BLU’s Directors will know but probably knew anyway as they are working closely with Satoshipay. They will pass it on when they can.

[stoxx67] 22/5/2021 10:52

anyone any news from the Satoshipay "exclusive investor conference" on 18 May ?

was there anything exclusive passed on by the reclusive? ;)

was there a conference?

did any investors attend?