FT Alphaville investigates Quantum Blockchain Technologies' (QBT) claim that their AI can predict successful bitcoin mining blocks. The article explores the company's announcement, previous claims, and the challenges of testing such a system in a live network. It also compares QBT's approach to traditional mining methods and highlights the potential implications of their technology.
It’s easier to explain retail trading of penny shares as a hobby than an investment. There’s a gambling aspect, sure enough. Sometimes a stock will double, or halve, or wipe out when the CEO runs off to Greece. Those kinds of events are occasional, however, whereas the hobbyist aspects are constant. Most of the enjoyment derived from penny-stock ownership seems to come from poring over the literature, fighting on message-boards, and badgering interested parties.
One way to think about it would be as a jackpot-only lottery syndicate where one syndicate member believes they can sense unsuccessful tickets post-purchase. The lottery operator refunds spoiled tickets before the draw at 30p in the pound, so premonition is a useful talent. The syndicate member can claim partial refunds for low-confidence tickets, confirming after the draw that they would’ve lost. Taking pre-draw refunds would lower their cost of losing.
QUANTUM BLOCKCHAIN TECHNOLOGIES BITCOIN MINING AI FINANCIAL MARKETS PENNY STOCKS
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