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Jon
d3b8824cee7590b9f7120ec4e91a70af614980aee7986d7becf1de99dcafa791
Software engineer, gardener and sadly fiat miner living in Wales. Bitcoin advocate

I see #Wales are playing terrible again Vs #Italy

#6nations #WalVsIta

Replying to Avatar HODL

AI? Number plate looks messed up

Replying to Avatar fnew

Why can't you easily lend your Bitcoin in the UK without incurring a tax charge?

Largely because the current tax treatment of lending Bitcoin sees the transfer as a taxable event.

By contrast with stocks, shares and other securities, Bitcoin falls outside the scope of repurchase or “repo” legislation that enables the lending of securities to be tax neutral. This has to change.

There's a huge economic opportunity here, and the UK’s financial services sector needs to seize it; to capitalise on this £1 trillion-plus market, particularly by providing collateralised loans and other financial services that facilitate asset management.

Yesterday, nostr:nprofile1qy2hwumn8ghj7etyv4hzumn0wd68ytnvv9hxgqgdwaehxw309ahx7uewd3hkcqpqz74dj8y9xgq3lmz3eyvarzmwxwllhuzewz2exwz5j57tf6jssmssdz6m0z were proud to collaborate in drafting and adding our name to a letter sent to Rachel Reeves, Emma Reynolds and James Murray, urging them to prioritise legislation to treat the lending of Bitcoin as a "no gain, no loss" transaction. This change would simply reflect economic reality and ensure that Bitcoin is treated in just the same way as securities currently are.

We're pleased to sign this letter alongside Coinbase, Greengage, Kraken Digital Asset Exchange, Recap and many others.

We keep hearing that 'growth' is a priority for this Government. Let's now see those words turned into actions.

That's great news. Although I fear you are pissing in the wind.

I'm guessing in 3 more days with the difficulty adjustment it will charge.

Who's still friends with Tom on #MySpace?

Replying to Avatar exist270

Not exactly "all it took"; fiat currency is the real culprit & the global debt bubble was going to carry on indefinitely... until #BTC came along & broke the cycle, but you gotta play this all out logically. What do you think will happen when investors start to realize P/E ratios are simply a speculative bubble index at the exact moment that #Bitcoin is aggressively repricing everything in existence? 💁‍♂️

Someone has to realize the loss of the debt bubble popping & the rugging of the AI/tech companies is simply one of the final straws that will break the camel's back. 🐪

The gaps between real-world & perceived values of the US tech companies (and most other sectors) is astronomical & accounts for the lion's share of capital markets, but it's all speculation in the attempt to store value. The creation of #BTC as a universal ruler for valuation makes the entire stock/bond/speculative market completely null & void. 🤷‍♂️

The continued outperformance of #BTC over time means it will convert all speculation into actual value storage & that in turn sends EVERY company's P/E to a zero equilibrium (because you don't gamble when you have a guaranteed win). The higher the current P/E of a company, the bigger the crater that'll be left when the global speculative/debt bubble pops & it all comes crashing back down to Earth. ☄️

Sorry, I don't make the rules, I just report them. 🤙

Current US Big #Tech P/E Ratios:

AMD: 952.2

Tesla: 113.0

Netflix: 96.0

Nvidia: 61.1

Meta: 60.6

Amazon: 49.7

Adobe: 39.3

Google: 38.6

Apple: 37.4

Microsoft: 35.5

Qualcomm: 26.3

Texas Instruments: 23.1

HP: 13.7

Good explanation. It's got me thinking about how real estate might react. Specifically in the UK where we have a severe under supply of real estate.

Thanks. I'd say it's been a struggle but it really hasn't. I wasn't a big drinker to start with though. Those times were left in my 20s and 30s. I naturally cut down as I got older and had children.

Still, it's good to stop. At least for me it is. No hangovers at all and feel fresh each morning with the kids and work.

Replying to Avatar exist270

Now that I've had a little bit of time to process it… 🤔

I think that #DeepSeek is deploying WMDs. 💣

Imagine a weapon that could destroy the #US emergent tech sector dominance & remove all competitive advantages/strides made by the #USA over the past few decades. 💭

Do you think #China, #Russia & other competing nation-states would want that? 💁‍♂️

Now imagine you could deploy the weapon on a weekend to obliterate investor confidence so catastrophically that all related company stocks collapse on Monday (once the markets open). Wouldn't it make sense to short TF out of those companies on the preceding Friday? 🧐

Then, once confidence is completely shaken, overall investment in the tech sector wanes, further kneecapping the US tech companies (who have been blowing through capital w/relatively little return on investment); their wasted capital is converted into a green (red in China) PnL for yourself. GG, thanks for playing. 🤝

THEN… a week later, you drop #Janus (the image vision/generation model), giving a retributionally poetic homage to the two nukes that ended WW2. 💥💥

AND THEN… by making the weapons #OpenSource, you enable everyone on planet Earth to run the same attack on EVERY industry (of which the US leads almost every one) by enabling the entire global population to completely level the playing field & disrupt ALL incumbents through the utilization of the weapon (as opposed to the initial announcement of it), ensuring America can never again have a technological monopoly or stable capital market of any description. 🫴

AND… the ultimate irony is that the weapons were created by stealing from the very people who stole the individual components from EVERYONE in the first place; a plan so genius that you couldn't write a better fucking script if you gave #R1 1,000 years. 😏

Remember what #SoftWar taught us; #WW3 will look NOTHING like #WW2 did. 🤙

I guess those companies were built on shaky ground if that's all it took to bring them down

Enjoying a cup of tea sitting in the garden. Bit nippy but quiet enjoyable with a coat.

At some point I'm going to have to clean up the 2 dead birds that a fox has had fun with.

#wales #garden

Some would say you need to be careful of pissing off the "nice" people. The people who want to be left alone

Closing in on 2 years without alcohol. 2 months to go.

#sober #alcohol

I don't know why, it's just something I read once

The #bitcoin mempool is clear. Isn't this a bad thing?

I thought this was meant to be a bad thing