Blue Star Capital Share Discussion Threads

[junior21] 10/2/2023 07:05

Thanks Ragnarr. That does help

[jack jebb] 10/2/2023 05:38

PPD

The company stated, 6 months ago, that they intend to sell their Dynasty/Satoshi investments within 2 years and return money to shareholders, so you're probably right.

The question is at what level they sell and when. If Satoshi takes off, a Nasdaq listing is the likely place, and selling the stake at IPO and after would presumably be the strategy. Should Satoshi take off and list on Nasdaq, its fair to assume it would be at a significant multiple of current valuation. There is also the possibility of one of the large US tech companies, or private equity, making a move before that. All very speculative thoughts and dependant, probably, on what impact they make in the fx market.

[ragnarr] 10/2/2023 01:13

Pendulum is a decentralised blockchain - It cant just be bought What is decentralization?In blockchain, decentralization refers to the transfer of control and decision-making from a centralized entity (individual, organization, or group thereof) to a distributed network. Decentralized networks strive to reduce the level of trust that participants must place in one another, and deter their ability to exert authority or control over one another in ways that degrade the functionality of the network.

[pinkpudycat] 10/2/2023 00:15

While all of these calculations look wonderful the reality is that Blu shareholders will never see these returns, if the concept is proven one of the big boys will snap them up and Blu will get what they get which will still be a good return but the fantasies of 5p plus are just not going to happen imo as we will be kicked out at the earliest opportunity, thats business!

[highly geared] 09/2/2023 23:31

Agreed Jack.My calculation was based on 0.05% of transaction value. Could lower/higher etc. The fact is that if this succeeds in taking a tiny portion of the overall market, shareholders will see huge returns with minimal risk ( underpinned by Dynasty investment) from these levels.

It seems to me that anything under 1p may prove to be a bargain in the fullness of time.

[jack jebb] 09/2/2023 23:12

Nice rise to wake upto!

I love this talk of 100/200 baggers etc, and of course, the potential is most definitely there.

But I tend to be more conservative. Yes, the fx market is in the trillions, in nominal amount traded, but the way I look at it is this. Suppose you are an aeroplane intermediary. Your client, X airlines, wants to sell a couple of old jumbos. You find a buyer in Y Airlines. I have no idea how much a new or second hand costs - call it 100mln. So you turnover 400mln on this transaction, but what do you earn? Maybe 200k?

Even so, the fraction that Satoshipay could earn as a global fx platform/intermediary is certainly in the tens and hundred of millions.

For me, the attraction here is the almost limitless potential. There's not many shares that have that in their locker.

[highly geared] 09/2/2023 23:05

Ace venture, a 50 bagger may well be conservative. My thesis got me to a near 200 bagger and that was with a 90% discount on calculating a 1% market share. Lots of potential scenarios and nothing is ever straightforward but it appears a complete no brainer at these levels with colossal upside.

[ragnarr] 09/2/2023 22:36

This only relates to providing a crypto staking service from an intermediary (like Kraken) as an investment not the staking itself - Staking is the process by which proof-of-stake blockchain networks maintain their security. The network's decentralized validators post crypto as a form of collateral to attest they'll stay honest. In return for processing transactions, they get rewarded with more tokens. Many crypto stakers loan their tokens to service providers who run the nodes, and share in the returns.Has no bearing on direct staking for for blockchains

[ragnarr] 09/2/2023 22:28

JuniorBlu have secure 5.5 percent of Pen tokens as well as 5 percent of AMBR tokens (0xamber AMM). As a major supporter of Satoshipay I think it is also reasonable that Blu/Satoshipay will also retain a percentage of all future incubated DApps that build on the Pendulum blockchain ( I dont know this for certain)Also remember that Satoshipay owns 100 percent of Dtransfer and Blu own 27.9 percent of Satoshipay.Hope this helps.

[ahhh luke warm] 09/2/2023 22:09

Zxie, when I am reminded of leaking I have a strong proclivity to imagine you with wet socks and you being the trophy holder with the worst dripping member. Learn some vocabulary and stop wetting yourself.

[ahhh luke warm] 09/2/2023 21:58

Are you asking a question or implying something negative framing context lacking structure S6?There's sufficient ambiguity to suggest both. Are you making a point or raising one you don t understand?Thanks :)

[smithie6] 09/2/2023 21:30

in USA the SEC are cracking down on 'staking' in the crypto sector, since the cos. doing it don't have a license. Since tokens are tied up during the process it apparently qualifies as investing & hence a license is needed.

1 big fine imposed today. 30 million$
Coinbase down 15%

"WASHINGTON–Crypto exchange Kraken will agree to wind down a major segment of its business and pay $30 million as part of an enforcement settlement with the Securities and Exchange Commission, the agency said Thursday

Payward Inc.’s Kraken ....."


correct me if I am wrong but doesn't Pendulum process using 'staking' ?
-------

token owners hoped to get a return from owning tokens by, I think, lending them to Pendulum to be used during a currency exchange process.

the SEC seems to be closing the door on that happening, unless I assume the operators get licensed & comply with the license rules or the tokens used are provided by specific providers (ltd companies etc) for which an SEC license is phps not needed.

The CEO of Coinbase sees it as bad news for the crypto sector.

[junior21] 09/2/2023 21:26

Ragnarr, do you know what percentage holding SatoshiPay will have in the pendulum tokens? I understand there will be 200m tokens and 20% are being kept for Team/Advisors. Just wondered if this is common knowledge

[highly geared] 09/2/2023 21:07

Just playing around with some potential market size/revenue scenarios:

Daily global Forex market at $7 trillion

$7,000,000,000,000
Assume Satoshi/Pendulum capture only 1%
1% = $70 billion
$70,000,000,000

Assumed transaction size transaction fee @ say 0.05% of $70 billion ( unsure whether too low/too high)
Indicative revenue @ $35,000,000
Assume Blu share , as a blended Dtransfer/pendulum @ say 29% ( may be too high?)
Blu daily revenue = $10,150,000
Deduct by 50% for costs/risk = $5,075,000
Daily revenue net of costs = c$5,000,000
Yearly x 350 days = $1.75 billion

You’d apply a price earnings ratio of 15+ to something like this .
That gets to what seems like a crazy valuation of c.£22billion for Blu.

Even if you discount by 90% for risk, lower market capture, different transaction structure etc. you still get c. £2billion for Blu valuation.

If my “thesis” is fundamentally flawed, please shout up but it shows how big this could be.

All the best.

[highly geared] 09/2/2023 16:47

Retail Forex is gamed against traders by market makers and the price quotes ( spread ). You need to be at institutional grade with live micro second quotes to stand any chance.
Disrupt this with an alternative way to trade with a level playing field on price quotes and commission fees and it shouldn’t fail.

Add in the sheer scale at $7 trillion DAILY , the potential is mind blowing and puts BTC and generic crypto into the shade.

[zxie] 09/2/2023 16:46

Tomorrow news

[steveberyl] 09/2/2023 16:32

Trade, Not really, having traded Forex the market is so Yesterday, you think Aim is a casino, try FOREX LITTLE BIG HORN, and the Sioux Indians. It is that bad.

Everybody is Conservative about prospects, I AM NOT. Pen/Sat cannot fail and will be the most disruptive success, EVER! Worth millions A Unicorn.

[888icb] 09/2/2023 16:32

Surged into the close Up 39.2% on volume of 72.5 million.

[tradeforce] 09/2/2023 16:28

It really is hard to comprehend the potential!

[highly geared] 09/2/2023 16:21

The risk reward here is great. Dynasty will easily cover the market cap up to say £20-30 million ( with some speculative upside) but Dtransfer and Pendulum is currently thrown in for free.

Assuming a degree of success and market share over the next 2-3 years, even at say £10 million recurring revenues with a high gross margin, ascribing a PE of say 15 , gets you to £100 million market cap without having to think too hard.

If Dt and Pendulum really take off then think 100 bagger from these levels.