overengineerd, overthought and overjoyed.
Joined March 2018
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Tranquility Node have added cryptographic formal verification capabilities to the roster.
Please get in touch to discuss your requirements and what we can offer.
Also recommend you download your archive of posts (GDPR function), as if your accounts are already identified as UK and you refuse to ID then will probably lose access to such accounts. Consider taking preemptive measures to appear offshore, like VPN as Freddie suggests:
Everyone in the UK - VPNs on now.
Don't put your passport or tour bank details i to these honeypots of data.
More on privacy protection on the @bitcoinpolicyuk guide below 👇
Many firms do not diversify across cloud providers. The only benefit of the cloud is elastic scaling, but either at great expense or at risk of black out. On-prem isn't so good at elastic scale but it is cheap, and the savings can pay for scale. True for at work and at home.
Google Cloud outage hits websites and apps as some bank customers report issues - follow live bbc.in/3UbY0K2
The UK pop' has favoured property as an investment class for generations but that trade is unwinding as returns are being capped and ownership annually taxed. They're afraid of equities. They like bonds, but with a pro-inflationary environment, it's time to read up on bitcoin.
The reverse butterfly effect:
If I don't go to the pub tonight, the UK economy tanks.
£45 for 3 pints
Pays for the bar staff to eat one meal
Tax receipts funded just enough to pay the latest debt maturity without tripping rates up 10 basis points
Saves us from a debt spiral
🫡🍻
Summer seems like a good time to be scheduling for fixed rate energy tariffs. This is not strong analysis, but I ran the numbers anyway. I've just had this growing awareness that the silly UK price cap rises in winter. Youd think the market would look forward past that.
Oh look who it is! I hear this talk will inspire you to self-host all digital services you rely on third parties for, including photos, files, DNS, VPN, email, notifications, passwords... We shall discuss the right way to combine and segregate your services for cyber defence.
Oscar Pacey @oscpacey
Running Tranquillity Node since 2018 — and asking what happens when the cloud lands on your roof.
This is great. Monetary premium degrades the availability of otherwise very useful things like diamonds, gold, houses, salt. Bitcoin is a particularly good place to park monetary premium as it has no other utility. A society switching over to bitcoin has purer price signals.
Oscar P retweeted
2009 Chancellor mentioned by Bitcoin
2026 Bitcoin mentioned by Chancellor
@labourpress @hmtreasury
Who is building the AI phone call due diligence bot?
All of these are scams, bots, AI voice scrappers.
May rig some sort of app to manage my calls and infer depending on what the call sounds like - especially unsolicited ones.
I presume I am not alone with the increase of random phonecalls?
@JM_speakss posted about this earlier... 😑
People don't understand how useful money is. They understand how useful LLMs are, we can see by global(ish) adoption over 4 years. Bitcoin adoption is a snail in comparison - people don't find it useful... because 'we already have money'. Which is like saying...
All these full time well paid civil servants working so hard to manufacture something not nearly as good as bitcoin. It's adorable.
🚨BREAKING: 🇪🇺The ECB and all 27 EU central banks call to scrap MiCA’s rule forcing major stablecoin issuers to keep 60% of reserves in bank deposits.
They argue issuers should not face a minimum bank-deposit requirement because volatile stablecoin flows could expose lenders to sudden deposit withdrawals.
Instead, they want issuers to hold more reserves in highly liquid assets maturing within 1–5 working days.
The accounting burden of a tax affects everyone, even those who are beneath thresholds. It is, I suspect, a common tactic when introducing a new tax idea to quickly move the argument to one of thresholds to distract from the one of legitimacy
Labour are planning to drop the threshold for their so-called mansion tax from £2m to £1.5m.
This will be highly negative for those with properties in the £1.5m & above bracket, but it will also badly affect many others.
Firstly inflation will bring properties worth over £1.2m into the scope of the tax.
House price inflation over the last 10 years was 25.8%, roughly 2.3% a year compounded. If prices rose by another 25.8% over the following ten years, a property worth only about £1.19m today would be worth £1.5m in 2036. That means roughly another 200,000 properties will be drawn into the tax over the next ten years.
Of course Labour are quite likely to drop the threshold even further. Their new tax hasn't even started yet and they're already reducing the threshold. They are quite likely to cut it further. A Labour MP has told the FT that "anyone in the £1m to £1.5m bracket would immediately feel at risk. Then you are talking about pretty much every non-flat home in Zones 1 to 3".
All this will have a chilling effect on house prices and housing transactions.
But that's far from all. A £2,500 charge applied at a value of £1.5m will reduce house prices at that level by at least £50,000. People whose houses are worth £1.2m and above will do all they can to avoid getting into the above £1.5m bracket. That means abandoning any significant renovation....
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