The current Bitcoin chart (4Hr here) looks like a mini version of 2021.

According to the Bank Of England’s Inflation Calculator, UK inflation from Jan 2023 to October 2023 was 4.4% Ignoring any further inflation until next January, and assuming you’re fortunate enough to be a higher rate taxpayer, if you want to just keep up with inflation, you’ll need a 7.5% payrise (to compensate for that which you lose to tax and NI). You need more than that to actually get ahead.

WTF just happened on Binance? Bitcoin is trading $2K cheaper than on Coinbase — arbitrage opportunity?

Just smash-bought a much bigger than usual stack of sats because, well, I’m feeling a sense of urgency. You might say I have a high time preference for a low time preference. What do we want? A low time preference! When do we want it? Now!

More clownery…

GOV.UK

Tell HMRC about unpaid tax on cryptoassets

Make a voluntary disclosure of any unpaid tax if you have income or gains from cryptoassets, including exchange tokens, NFTs and utility tokens.

Hey Ben @BTC Sessions , how does one boost the fee on a Sparrow / Whirlpool pre-mix —> post-mix trx?

171 blocks in the backlog…

Now’s as good a time as any for any UTXO management you might want to do. However, I don’t buy into the line of thinking that says that in the future any UTXO < 1M sats will be dust — that seems patently ridiculous to me because when 1 BTC = $10M, then 1M sats will be $100K. Fees might rise, but in dollars, not sats. No, I’m driven by the thought that if transacting at today’s value scares the bejeezus out of me, then wondering if my change is going to the right address will damn near kill me in 10 years. I’d rather, in future, have to send several UTXOs to, say, buy a house than have enough change to buy a house when buying a coffee. Think of it like going to the bank and taking out $1K — you might want 8 Benjamins, 2 Grants, 4 Jacksons and a couple of Hamiltons — you don’t want to break $100 to buy a coffee, but it’s fine to throw down a few $100s for a TV.

National Review

The Mother of All Fiscal Cliffs | National Review

We fall off it in 2025, and people aren’t worried enough.

#Bitcoin

According to a currency converter, the ratio of AED to USD, and the ratio of BTC to USD, the price of Bitcoin in AED should be 97632, but on Kraken, it’s 72227. That means I could sell all of my Bitcoin for GBP, convert to AED for near zero loss with my bank, then buy back 35% more Bitcoin with AED. Seems too good to be true. Why isn’t everyone doing that? What are the gotchas?

Britain’s second largest city — Birmingham — has gone bankrupt. #BrokenMoney @Lyn Alden

100 years ago. Few learned.