Blue Star Capital Share Discussion Threads

[888icb] 27/6/2022 09:49

I think you will find that every one knows you are a trader currently deramping to suit your book. A quick look at your posting history confirms that. I am sure that anyone who hasn’t already filtered your spam will do so now.

[ben gibbons] 27/6/2022 09:32

If crypto isn't linked even in peoples perception why does mark white continue to mention crypto when discussing blu over on LSE?

[ben gibbons] 27/6/2022 09:31

I know blu is blockchain and not crypto! I was simply mentioning crypto as well. And I also know that I'm not interested in your opinion either to be honest.

[888icb] 27/6/2022 09:23

I anticipate that no one is interested in your deramping. BLU is about blockchain not Crypto and therefore your premise of linking BLU’s share price to the rise or fall of crypto is totally flawed.

[ben gibbons] 27/6/2022 08:45

I anticipate blu dropping sub 0.20 this week or next. Crypto will continue to fall again soon in my opinion.

[888icb] 23/6/2022 11:28

Well he would say that wouldn’t he. Clearly he is entitled to his opinion but he is not necessarily right.

[ben gibbons] 23/6/2022 11:27

My predictions for blu share price is it will drop down to at least 0.15 when we get the next downward trend that a lot of analysts are predicting.My advice don't be tempted to buy stocks at these prices coz they be even cheaper soon!

[888icb] 22/6/2022 19:02

Spacewalk: The trust-minimized bridge between Stellar and Polkadot
Spacewalk aims to utilize the multitude of fiat stable tokens on the Stellar blockchain and help build the fiat DeFi future on top of the Pendulum chain. Spacewalk introduces the way of flowing stable tokens from Stellar network as it is the first bridge between the Stellar network and the Polkadot/Kusama ecosystems. Based on XCLAIM and interBTC, it is implemented as a Substrate pallet and allows any Substrate-based blockchain to use a direct Stellar bridge. Pendulum has received a grant from the Web3 Foundation for developing Spacewalk and has already delivered the first milestone.

Source: link
How Spacewalk bridge works
Let’s take a closer look at the functionalities of the Spacewalk bridge. For simplicity, we will address Spacewalk as the “Spacewalk chain”. The whole process starts with tokens that will be temporarily locked inside Stellar and respective “wrapped tokens” minted 1:1 in the Spacewalk chain. This wrapped asset is supposed to be cryptocurrency-backed. The picture below will provide the information on the process of issuing and redeeming tokens

Spacewalk: The trust-minimized bridge between Stellar and Polkadot
Spacewalk aims to utilize the multitude of fiat stable tokens on the Stellar blockchain and help build the fiat DeFi future on top of the Pendulum chain. Spacewalk introduces the way of flowing stable tokens from Stellar network as it is the first bridge between the Stellar network and the Polkadot/Kusama ecosystems. Based on XCLAIM and interBTC, it is implemented as a Substrate pallet and allows any Substrate-based blockchain to use a direct Stellar bridge. Pendulum has received a grant from the Web3 Foundation for developing Spacewalk and has already delivered the first milestone.

Source: link
How Spacewalk bridge works
Let’s take a closer look at the functionalities of the Spacewalk bridge. For simplicity, we will address Spacewalk as the “Spacewalk chain”. The whole process starts with tokens that will be temporarily locked inside Stellar and respective “wrapped tokens” minted 1:1 in the Spacewalk chain. This wrapped asset is supposed to be cryptocurrency-backed. The picture below will provide the information on the process of issuing and redeeming tokens

Source: link

The entire operation is split into two processes:
Issue:
Step 1: User sends tokens from their Stellar account to a dedicated locking account which makes them temporarily unusable in the Stellar network
Step 2: Immediately after step 1 the Spacewalk pallet will mint wrapped tokens and send them to the user’s account inside the Spacewalk chain
Redeem:
Step 1: The user burns wrapped tokens in the Spacewalk chain via the Spacewalk pallet
Step 2: Shortly after tokens will be unlocked inside Stellar and sent back to the user’s account
The Stellar locking account could be owned by single or multiple owners control. Owners of course need to be trusted not to attempt a Sybil attack. A Sybil attack, just like the recent Axie Infinity Ronin hack, is a situation when an attacker controls the majority of account owners and tries to use tokens for their own purposes. In other words, he defrauds the tokens. There are many ways to ensure security, although in this case, it appears that maximizing independent account owners will do the job. Spacewalk also enhances the security of Stellar locking accounts by adopting a similar approach to InterBTC.
There is however another challenge that exists — the “oracle problem”. Whereby the Spacewalk pallet needs to have correct information about transactions on Stellar so it can reliably mint wrapped tokens after the user locks tokens. We’ll dive into the Stellar Oracle solution later too.

There is more to this article but I will skip to the end now:

What’s next? Amplitude crowdloan!
What’s next for Pendulum? Amplitude, Pendulum’s sister network, will be participating in the Kusama parachain auction soon.
The waitlist for Amplitude crowdloan is already available now and offers 13% bonuses in AMPE for its participants. Once the prototype is completed, the next goal is to win the Kusama parachain auction and launch a canary version of Pendulum on Kusama, called Amplitude.
After running some intense testing on Kusama, Pendulum will be hopefully ready to compete for becoming a Polkadot parachain. If you wanna learn more, check the Pendulum website or presentation at AmsterDot, where Polkadotters also participated.
We will be pleased if you will use our referral link for the Amplitude crowdloan hxxps://pendulumchain.org/amplitude-referral?r=OTBXE

[888icb] 22/6/2022 18:46

Pendulum: The missing link between Fiat and DeFi
It is not a secret that existing markets are literally overloaded with money. Traditional financial tools such as forex, saving accounts, lending, or foreign exchange trades are largely disconnected either from blockchain networks or the fast-growing innovative DeFi ecosystem. Not to mention the inefficiency of traditional financial tools and their inability to provide a smooth user experience.
However, there is a solution that could be the missing link between fiat and DeFi. A fiat-optimized smart contract blockchain based on Polkadot’s Substrate. This solution is called Pendulum and its mission is to allow traditional finance fiat services to integrate with DeFi applications such as specialized forex AMMs, lending protocols, or yield farming opportunities. Pendulum’s sister network Amplitude aims to launch on Kusama in July — the waitlist for the crowdloan offering bonuses in $AMPE is already available.
The beginning
The idea of Pendulum emerged in early 2021 when SatoshiPay’s tech team was looking for opportunities to connect its cross-border payment service DTransfer to an automated market maker (AMM) that would allow fast, transparent, and cost-efficient currency exchange based on the broad stablecoin ecosystem of Stellar.

The Pendulum-Stellar bridge, Spacewalk, will be a custom-built bridge service that operates through a decentralized network of bridge relayer nodes. These nodes monitor both networks, hold and release tokens, and mirror the assets between the Stellar and the Pendulum networks. The bridges to the Ethereum and Polkadot ecosystems will be based on third-party technologies.
According to the Pendulum project, the foreign exchange has a transaction volume of $6.6 trillion every day. This is an enormous market and opportunity for Pendulum to become a game-changer. With Stellar’s 15+ fiat tokens and local integrations into the traditional banking infrastructure, Pendulum’s smart contract capabilities, and bridges to Ethereum and Polkadot, the DeFi ecosystem will have access to the immense Forex liquidity in the potential next bull market.
Pendulum chain aims to become the one-stop hub for the internet of fiat with benefits including:
Cross-chain trust-minimized bridges making a broad basket of fiat-pegged stable tokens available
Next-generation smart contract technology
An institution-grade compliance layer with privacy features
Seamless on/off-ramps for integrations into the local banking network

[888icb] 22/6/2022 18:41

GILD had a late run today Up15.4% on volume of 3 million. Perhaps so good news is about to land soon.

[ben gibbons] 22/6/2022 07:54

DeFi is an emerging phenomenon that comes with many risks. As a recent innovation, decentralized finance has not been stress tested by long or widespread use. In addition, national authorities are taking a harder look at the systems it's putting in place, with an eye toward regulation. Some of the other risks of DeFi include:No consumer protections. DeFi has thrived in the absence of rules and regulations. But this also means users may have little recourse should a transaction go foul. In centralized finance, for instance, the Federal Deposit Insurance Corp. (FDIC) reimburses deposit account holders up to $250,000 per account, per institution if a bank fails. Moreover, banks are required by law to hold a certain amount of their capital as reserves, to maintain stability and cash you out of your account any time you need. No similar protections exist in DeFi.Hackers are a threat. While a blockchain may be nearly impossible to alter, other aspects of DeFi are at large risk of being hacked, which can lead to funds theft or loss. All of decentralized finance's potential use cases rely on software systems that are vulnerable to hackers.Collateralization. Collateral is a thing of value used to secure a loan. When you get a mortgage, for instance, the loan is collateralized by the home you're buying. Nearly all DeFi lending transactions require collateral equal to at least 100% of the value of the loan, if not more. These requirements vastly restrict who is eligible for many types of DeFi loans.Private key requirements. With DeFi and cryptocurrency, you must secure the wallets used to store your cryptocurrency assets. Wallets are secured with private keys, which are long, unique codes known only to the owner of the wallet. If you lose a private key, you lose access to your funds-there is no way to recover a lost private key.

[ben gibbons] 22/6/2022 07:39

a networking entity that controls a big share of a particular blockchain can be coerced -- or driven by personal incentives -- to deny services for varied reasons.Former Twitter chief Jack Dorsey recently lambasted the venture capitalist culture that is concentrating in the field and tweeted that Web3 is "ultimately a centralized entity with a different label."

[ben gibbons] 22/6/2022 07:34

First two paragraphs from the article Cryptocurrency evangelists promote the underlying blockchain technology as the stepping stone for a more equitable internet (read: Web3) infrastructure, one built on promises like decentralization, immutability, transparency, and efficiency. But according to a study commissioned by the Defense Advanced Research Projects Agency (DARPA), the blockchain technology might not be so decentralized and immutable after all.The in-depth study, which was conducted by Trail of Bits, unravels how a very small number of participants can get excessive control over the entire ecosystem. Over the last half-decade, 60% of the net global bitcoin traffic has been controlled by only three Internet Service Providers (ISPs). The report also picks up on a 2020 metric, which claims that only 4.5% of bitcoin owners control over 85% of the entire crypto pool, which has come crashing down over the past few months.

[ben gibbons] 22/6/2022 07:33

https://apple.news/AgqC7XjSmTi6Z--KFV8TQfAMore articles about blockchain not being so decentralised after all but (as I mentioned from a previous article) these ecosystems are actually controlled by a few large entities or platforms.Again to reiterate my point...... blockchain will not remain decentralised.... In my opinion!Article is entitled DARPA drops a bomb on crypto's biggest selling point on slash gear.Yes it talks about crypto but crypto will undoubtedly come up in the conversation because crypto is built on blockchain technology which is what defi is built on....

[ben gibbons] 19/6/2022 08:15

Scam - filteredHow many profiles are you posting this from? Lol and how many boards?

[shooter mcgavin] 18/6/2022 20:20

Day trading telegram group - Bulls & Bears welcome

[ben gibbons] 18/6/2022 15:47

Maybe you need to read that article again because it has direct correlation with decentralised finance and blockchain and Dtransfer. Ie satoshi pay, pendulum.

[ben gibbons] 18/6/2022 15:40

Blockchain (which is crypto technology) will be used for Dtransfer.....1 the article clearly talks about this...2 do you seriously think it will remain decentralised when big banks and governments started losing their grip on the financial industry because decentralised finance starts to take away their hold?Your delusional if you think that.....Crypto has had massive regulatory problems and changes and restrictions imposed on it.....Blockchain will be no different....Keep dreaming if you think it will....Blockchain will transform the world of global transactions but not without regulatory restrictions etc.

[ben gibbons] 18/6/2022 15:36

I'm fully aware it's not crypto but it's built on the same technology and that article I quoted from clearly talks about how decentralised finance which is what satoshi pay is will and has already been affected by the knock on effects of financial industry instability just like what happened in 2008 where one industry had a knock on effect with another which is already clearly discussed in that article.That article clearly includes defi in the same sector/area.Plus if anyone thinks decentralised finance is going to remain unregulated or as people claim decentralised then they are kidding themselves as I clearly pointed out earlier. Governments and massive banks wont allow it to happen.I may not be as. Knowledgeable as some but I know enough to make an informed decision about this issue

[888icb] 18/6/2022 11:07

It appears that you have not learned enough from Ragnarr and it’s good to see you admit that you aren’t clued up in this field. The article you have quoted from has little if any relevance to Satoshipay. Look at the business of Dtransfer which will be a major beneficiary of Pendulum’s technology. It is not a crypto business. It will use blockchain to transfer foreign currency.
It is usually wise not to invest in investments you don’t understand and don’t feel comfortable with. Good luck with your future investments elsewhere.

[ben gibbons] 18/6/2022 07:09

I want to also thank Ragnar for his very well researched posts because they have taught me and all of us a great deal. I am no where near as clued up in this field as he and others but I find it very interesting. I'm also concerned as was pointed out recently that any news in this climate may not positively affect the share price which is kind of what happened with the end of year results and the dynasty news where we saw a huge jump then a steady fall back down which is understandable in this economic environment we are currently in. I also just don't feel comfortable investing money that could get tied up for years to come money that maybe very much needed in a recession.

[ben gibbons] 18/6/2022 06:59

So in short I for one am going to be watching from the side lines and not investing at this point in time in any stocks at all......All the best folks :-)