Blue Star Capital Share Discussion Threads

[dennisbergkamp] 22/1/2022 13:09

Thanks ragnarr, so for DOT, it's POS based, as opposed to POW. ETH is going the same way soon.

POW is mining in the traditional (well as traditional as cryptocurrency is!) sense of the word.

D

[doodlebug4] 22/1/2022 11:44

ragnarr - it would be a pity to lose all your research and posts to the history of time on this thread, so I have flagged up your relevant post numbers in the header.

[ragnarr] 22/1/2022 11:33

nico - Unfortunately not - where I come from nobody knew what university was.Going back to your question re valuation you will probably see that I concluded it was currently impossible to put a true valuation on Satoshipay/Pendulum just yet. The potential is simply huge and if successful would dwarf your target but there is a long way to go yet.I have put 24 months on my holding to see how it pans out and if they get it right I will be a very happy man. But I do think that as we are now and with the other BLU investments it easily underpins your short term target and depending on Dynasty IPO/sale could be more.

[ragnarr] 21/1/2022 18:30

Doodle - I will save that one until 10p heh heh :-)

[ragnarr] 21/1/2022 18:29

Dennis - apologies for delay in replying. I didnt go into polkadot (DOT) mining for this purpose as it would have taken up even more pages so the link below should tell,you all you need to know.https://blog.bitnovo.com/en/how-to-mine-polkadot-dot/

[doodlebug4] 21/1/2022 17:18

Thank you so much ragnarr, and I think you are very wise not to get drawn into any price predictions.

Enjoy your single malt - Glenfiddich perhaps?:-) If you like something a bit more upmarket -----------------

[ragnarr] 21/1/2022 16:44

Part 5 Value.

Everything here is purely academic as everything is down to the success or the failure of Pendulum. All I can do is state the fact and let everyone else decide for themselves whether or not the potential will come to fruition and/or at what level and therefore what it is going to be worth. I simply do not know. My impression of Meinhard and his team is they are far more intelligent than me. I think I understand their vision and if successful it could simply be mind-blowing

But my caveat is there are far more participants the dead-ducks graveyard than there are in Unicorns heaven. If you get my drift

So in simple terms the current valuation is simply built on the fact that several crypto investors have seen the vision and are prepared to stake 5million USD for 20% of Pen Tokens and so the current book value has to be 25m USD everything from here is potential.

As I see it currently Satoshipay (micro payments) and DTransfer have little or no value. We have no idea of revenues so its all about Pendulum

I believe there are three avenues for value

1) Pen Token
From what I can gather there are currently 200,000,000 Pen tokens issued with 20 percent pre-sold. Pendulum will not be retaining all of those tokens. They will be using them for Auction incentives and possible further sales. So until Pendulum enters auction and becomes a Parachain its pretty well impossible to put a true value on how many are retained or their value.
I think it is important to note that the Pen token is not a crypto currency like Bitcoin a cryptocurrency like Bitcoin run off their Blockchain and act as money. Cyrpto tokens do not have their own blockchain they actually represent an asset (ie a pen token represents a stake in Pendulum) whereas a crypto coin is basically digital cash that can be spent. That is not to say they will not increase but their value will be linked to the success of Pendulum, so my gut feeling is that it could be a while before the pern token sees real growth.

But to give an example of what can happen Binance (a crypto currency exchange) launched on the Ethereum blockchain in 2017 with the BNB token priced around £5 today is at £343. But Binance is huge. (last reported profit of around 1 billion USD)

2) Pendulum Blockchain

If my understanding is correct, as the Pendulum blockchain is opensource it will be open to other applications to run off of it in the same way that DTransfer will. My understanding is that this will generate income as Pendulum allow other applications to join (in the same way Pendulum will lease its Parachain slot on Ethereum)

I cant put a value on this as I simple have no idea of the value of this as I cant find any info accordingly but the more applications that join the more the income and I would assume that this would be in the form of the relevant applications native tokens. So again this income will relate to the success of the Pendulum Blockchain.

3) Dtransfer

So I have already been though the potential value of DTransfer in part 4 (ie If Dtransfer were able to capture only 0.5 percent of that annual market it would equate to 600 million USD revenue) But Dtransfer states that it can carry out transactions quicker and cheaper, again there is no info about how much cheaper so even if you assume it could be done 50 percent cheaper we are still looking at 300 million annual profit. So what would that make Satoshipay worth.

Well take Coinbase. Coinbase is the largest crypto currency exchange in the US with just under 2 billion USD Revenue and between 800m USD – 1.2billion USD profit, Coinbase is now listed on Nasdaq with a market cap of 42 billion USD.

If you want to extrapolate that same ratio to Pendulum/Dtransfer a producing 300 million USD (0.5 percent of the potential market) it would be valued at around 10 billion USD

There you have it – I have finished. No predictions, no real valuation, and certainly no advice. All I hope to achieve is to have given anyone the opportunity to have enough information to decide for themselves.

For what its worth I am a believer and have added substantially to my position over the past few days but remember for every apple corporation there is a Betamax (you’ve got to be a certain age to get that)

Im off, a good single malt awaits

Skol

[888icb] 21/1/2022 15:54

Thank you Ragnar. Your research is certainly helping me to get my head around this. The strength of Satoshipay is in its technical ability and its history in the blockchain space. Dtransfer is already operating and ready to take first mover advantage with Pendulum taking a major leap forward bridging crypto and fiat to facilitate foreign exchange transfers. The potential as you illustrate for Dtransfer is mind blowing. It makes the weakness in the share price today very difficult to understand.

[h66] 21/1/2022 15:43

Another Top post Ragnarr and many thanks. It's making more sense to me rather than nonsense. I've only just registered to this thread but have been watching and learning as we go. I've been with Blue Star since 2017 and hold several million shares. (just for background) I have a question regarding your post at 12:30 on the 19th.
"The value of the crypto of fiat is irrelevant, it's the number of transactions that matter".
While I accept number of transactions is fundamental in gaining revenue but don't we also need the size (money/tokens) to be substantial for Pendulum, DTransfer, Satoshipay to make money. If I am incorrect please accept my lack of understanding. Once again great post. Thank You.

[nico115] 21/1/2022 15:37

Wow are you a professor Ragnarr ?

[ragnarr] 21/1/2022 14:59

Part 4 Pendulum

Every time I think Ive got to the end of this project of mine more crops up that need research,

I apologise now and understand if everyone has got bored by now but to have any idea of working out the potential I need to fully understand exactly what Pendulum can open up and if I am going to attempt to make any kind of valuation I need to back it up. I will try to be make it short.

So I have had to delve more into the whole DeFi world to understand precisely what can be achieved here.

So in traditional finance everything has to go through an intermediary, a bank or financial institution. If you want a loan, transfer money, or invest money you have to physically have bank accounts where that money is stored or borrowed from. Although this is done on-line it is still a numerous number of individual institutions trying to co-operate with each other using different (outdated and clumsy) technology. They also take your hard-earned money ay every junction along the way.

Decentralised Finance effectively operates without the need for those decentralised intermediaries. Everything within the DeFI blockchain is connected and automated via algorithms and facilitates transactions directly between parties. The Blockchain infrastructure replaces the centralised financial institutions. This is done through the smart contracts (computer programmes). Through these smart contracts, a set of ‘rules’ are set as to how the particular financial service will work and once the smart contract has been deployed it cannot be altered. So basically, you know exactly what, when and how you are getting, which effectively cuts out any fraud because the smart contract cannot be altered in any way is executed immediately.

In order to create a reliable and secure DeFi system you obviously need a stable base currency. Bitcoin or Ether are simply no good as they are way too unstable and volatile. This is why stablecoins are so important. A stablecoin is pegged to a currency – pretty well exclusively to the American Dollar

For the Pendulum project enter Stellar. Stellar stablecoin protocol is specifically designed to create, send and trade digital and fiat and is pegged to over 20 different fiat currencies – and growing.

So this stuff is already going on, and its growing and its brillian, but heres the rub – you really have to fully understand the crypto world and become part of it. You have to own some crypto, so you have to set up your wallets and do stuff that most of us don’t really understand. And if you want to transfer your Bitcoin to someone in Chile who doesn’t have crypto accounts you have to transfer it back to USD and then use the banks again etc etc. This can all be done now but the whole process is inefficient, time consuming and complicated.

Clearly the development of Defi is to bring it to the masses, the old gits like me that just want to go online and buy or transfer something.

So imagine a scenario where if you need to transfer a large sum of money from one country to another and instead of going to a bank you simply go online choose where your money is, and choose where you want to sent it and do instantly.

Or if you want to borrow or invest and you go online choose your preferred deal and simply do it, no banks, no brokers, no accountants.

Well this project of mine has convinced me that is where this is all heading and our dear friends at pendulum are developing the first piece of that new jigsaw. The ability to automatically link crypto to Fiat without all the current phaff that goes with it.

What Pendulum are building is the open source blockchain that will allow various Defi applications to interact with the likes of you and I, for borrowing, lending and transferring money instantly without even really realising that digital currency is involved.

This is exactly what Dtransfer is designed to do – transfer large sums of cross border money, cheaper and faster that using an institution. The value of cross border transactions is estimated to reach 250 trillion USD by 2027 according to Bank of England – all done by bankers.

A few years ago I sold a business to a foreign company for a substantial sum (relative to me) and on the day of completion It didn’t happen for some banking reason so was set for the following day. I was waiting another 4 hours the next morning for my solicitor to tell me I could retire, and in that time there were exchange rate differences, and fairly considerable costs involved. Dtransfer would have sorted the transaction instantly.

Now from what I can tell the current glitch with Dtransfer and is the liquidity pool due to the large figures involved. If I have this right in simple terms the Fiat money is converted to digital currency which is instantly in the blockchain system, which then comes out the other end and is then converted into say GBP. This is really only computers doing smart contracts but it has to be backed up by the equivalent amount of digital crypto to facilitate the exchange. So knowing the huge amounts of money that is being transferred every minute this liquidity pool also needs to be huge. In Meinhards interviews he referred to this problem as being the catalyst for developing Pendulum because the connection to the blockchain allows access to unlimited digital currency, hence solving the problem.

I think it is with Dtransfer where the real value is going to come from. As someone pointed out to me yesterday 1 percent of the cross-border transaction market makes it a unicorn.

According to JP Morgan The annual cost of cross-border payments is 120 billion USD – That not the amount that’s what the banks are getting.



If Dtransfer were able to capture only 0.5 percent of that annual market it would equate to 600 million USD revenue. Jeez what does that make Satoshipay worth

Last part coming. Promise

[noirua] 21/1/2022 13:52

On the chart the next stopping point is 0.37p to 0.42p or roughly 0.4p. Hopefully the fall back is similar to that of the 0.27p to 0.18p fall in November 2021.

0.55p was the recent high and now 0.415p for a fall of 25%. The fall from 0.27p to 0.18p was 33%. Figures approximate.
If a rise follows the same pattern then the next high should be about 1.1p.

Is it 'patience is a virtue'?

[nico115] 21/1/2022 10:34

Got a feeling my 0.60 target will be blown away by a 6p plus target !! Lol

[nico115] 21/1/2022 10:03

V excited by your next post !!

[hazl] 21/1/2022 09:19

That is an interesting article doodlebug.

[hazl] 21/1/2022 08:51

No.Wish for, is the wrong phrase kcowe.
Don't you think we are already there with the Vaccine ID Card?
Just reporting relevant news.

[kcowe] 21/1/2022 08:27

Digital dollar will make slaves of us all...why would you wish for that hazl?

[hazl] 21/1/2022 08:05

Yes thanks Ragnarr will have to read later.

[dennisbergkamp] 20/1/2022 23:46

Thanks ragnarr, great work!

Question... are validators, therefore miners?

D

[hazl] 20/1/2022 21:02

Breaking news!





I knew it
The digital dollar!

FED discussion on a central bank digital currency.

Our case gets stronger I believe!

[cheeky13] 20/1/2022 19:59

post of the year. ragnarr, i`m slowly learning.

[doodlebug4] 20/1/2022 19:05

Amazing research and info ragnarr. Thank you for sharing on this thread.

[888icb] 20/1/2022 18:57

If I recall correctly some months ago an IPO figure of £150 million was being talked about. The esports market is achieving higher valuation on a regular basis. We know a big tech company is talking to Dynasty which means others will be interested. We are all aware of Microsoft’s incredible bid this week. Recently you said that for big tech you could see £250 million and that was before Microsoft came along. If £250 million was achieved that would be £32.5 million (£26 million at £200 million).
Market cap today at 0.45 is £22.5 million. BLU would need a market cap of £30 million for the share price to be 0.6. So there is a reasonable possibility that Dynasty would support most if not all of a 0.6 share price. We then have the other investments before we get to Satoshipay. We are expecting Satoshipay to be our crown jewel and it would not seem to have much value attached to it at all at 0.6.
Without even trying to put a value on Satoshipay, which I think is what you said you were really here for, one would be inclined to say that insanity beckons if 0.6 whets your appetite.
Let’s see what Ragnar comes up with for Satoshipay. I will just mention that about a year or so ago Meinhard did say that with less than 1% of their target market Satoshipay could become a Unicorn, which would be nice!

[nico115] 20/1/2022 17:44

Thx We may own c6pct of pendulum coins ? Where's the other value come from ?Have you been topping up at these prices ?I have a big holding here and undecided where to try and sellAm I mad if 0.6 whets my appetite ?

[fairenough11] 20/1/2022 16:54

Thanks Ragnarr,

tremendous piece of work.