Don’t just hodl, spend and replace! I visited Art Club, Bristol, UK for a coffee and paid with #Bitcoin. Here’s a cheesy photo of Corin and me having done the deed. Nice flat white, by the way.
Not a Polar Bear
somersetben@evocomp.co.uk
npub13wpu...qpdr
Not a Polar Bear, who went from Electronics -> Software -> Databases -> Monetary Systems.
Presuming it’s understood that #Bitcoin is not a cryptocurrency, I suggest the following edit to the otherwise excellent news feed from coingecko.com
There’s much discussion about the reselling of #Oasis concert tickets at 40x face value. This is simply a case of the market finding the accepted value for a commodity. Price fixing (by cancelling resold tickets, for example) is not the answer. It’s hard to track ownership of the tickets. I can see two approaches. Go full KYC, AML, the “Glastonbury” way and require photo ID or how about letting the market find its own level?
One simple way to implement the latter would be to hold a Dutch Auction. Start ticket sales at £10,000 and gradually reduce the price until all are sold. Sure, the band would make a lot more than selling tickets at £150 and there would be claims of profiteering. One response to that would be to give excessive profits to charities, maybe those supporting up and coming musicians. The question now arises, how much money should the concerts be expected to generate for the band, the crew, the promoter, the venue, etc. Maybe that’s more detail than they would like to disclose.
Good news / Bad news in Bath today
I’ve made three auto-updating charts at and fancied creating another. I thought it might show #Bitcoin price predictions (both up and down). I think it would be showing collective knowledge (ask 5,000 people how many cats there are in UK and the mean of the answers is pretty accurate). I was thinking of something like the attached.
Worth doing? Would it be fun to see in a few year’s time? Where would I get the prediction data? Should I add Nicholas Taleb’s monthly “It’s going to zero”?
Any thoughts?
Polar Bitcoin
Polar Bitcoin - plotting prices on a polar logarithmic chart
Kirk: Scotty, what have you got?
Scotty: Och, Captain. It’s unstable. The crystals can nae take any more. It’s going to blow any moment!
This morning, BBC’s news programme had a feature on why the price of gold was nearing an all time high. All I could hear were reasons why the price of *digital* gold (#Bitcoin) was going up. It’s interesting, they never mention Bitcoin in the financial slots.
The area under the happiness curve is zero.
I’m confused (again).
I’m mostly on @primal and a short while ago I replied to a post by @jimmysong. Primal showed the reply got zapped (but only on the zap page) giving the npub rather than a name. I flipped over to @Damus which named the zapper (@Pirate HODL, thank you) but here’s the thing: Pirate Hodl’s npub is not the same as the zapper’s npub reported by Primal.
Am I missing something?
Between £1.3 and £4 Billion linked to crypto. Ok, but compare that with the total figure of £37 Billion (Home Office figure). I therefore presume fiat accounts for 6 - 28 times more illicit activity.
Decrypt
$5.1 Billion in Illicit Crypto Transactions Linked to UK Every Year: NCA - Decrypt
Between $1.7 billion and $5.1 billion in illicit crypto transactions are linked to the UK every year, according to the NCA's annual report.
Bankers?
Where we’re going we don’t need bankers.
