Tootfinder

262 prisoners were released in error in the 2024/25 year—on average, five per week. Blame the Tories’ staff cuts or outdated systems all you like, but that degree of permeability looks awfully like corruption. #ukpol #prisons

Twelve further prisoners accidentally released, says Lammy
Justice Secretary David Lammy has said 12 prisoners have been accidentally released in the past three weeks, two of whom are still at large. It comes on top of the 91 prisoners who were freed by mistake between April and October. Speaking to the BBC, Lammy said there would always be a "human error" …

Britain is broken, in various ways. Could adopting bitcoin help it bounce back?
Renegade Investor thinks so.
Central banks printing money causes government debt and artificially low interest rates. Their monetary policy is political and done for bankers not for people.
Bitcoin monitory policy is fixed.
Lockdown during pandemic was funded by money printing, and caused a big inflation pump and government debt increase. It caused the current cost of living crisis.
Lockdown could have been impossible under a bitcoin standard.
In pounds the cost of living has gone up lots over the last decade. But in bitcoin it's gone down massively.
He thinks wealth redistribution is taking money from productive people and giving it to those who aren't increasing the country wealth. Here I disagree entirely. Wealth is reality being taken from the workers and given to the capital owners. We are redistributing wealth towards the rich currently. Taking the wealth created by workers to give to idle owners.
I also wonder, would limited government power be good? Did the lockdown save lives? Would it do do under a worse pandemic? Limited government power may be double edged.
Not sure why he thinks immigration is funded by government, rather than immigrants increasing the country wealth. Seems to think bitcoin could reduce immigration, which I find unbelievable and undesirable.
This talk I disagree with quite a lot.
#bitcoin #bitfest #britain

I keep thinking that I should text a friend of mine, tell him how much I've been writing, tell him I mentioned him in something I wrote. Then I remember he died like 4 years ago.
Edit:
It must have been more like 6 or something now that I'm thinking about it. It was part of the way through the first Trump administration. He would have really appreciated the way Trump is unraveling now. One of the last times we talked he was like... "You know man, You used to play 'Baby, I'm an anarchist' and I'd think... ' don't want to throw a brick through a Starbucks window. I kinda like their coffee sometimes.' But the way things have been going lately, I'm kind of looking around and thinking you might be right. Fuck Starbucks. Where's that brick?"
At least I won the SRV vs the Hendrix version of Voodoo Chile debate. Hendrix is just better.
We used to talk about music, especially punk (and rockabilly, and ska, and 2 tone), and poetry, and beer. He liked hop stupid, but I always thought it didn't have the body to match the hops and I always preferred Racer 5. Of course, this time of year we'd be shifting in to red and stout season, and I'd be excited for Lagunitas Russian Imperial and this year's Bourbon County Stout batch.
He was really big in to Star Wars. He missed all of Andor, which is probably the best thing to have come out since the original 3. But I guess he also missed the new trilogy, so maybe it balances out.
He would have really liked all the good music I've run across in the last few years. He had a music blog for a bit.
Yeah... I don't know why it's hitting me so hard now, other than maybe I never had time to really process it before.

A panel on bitcoin treasury companies.
Because investment law makes it hard for institutions to buy bitcoin in their funds. You can't own BTC in you tax free ISA. So some companies that do hold bitcoin, notably microstrategy, became proxy investments. If you can't hold BTC you could maybe own a company that owns BTC instead.
Microstrategy started because it's ceo realized it's dollar treasury was being debased by dollar printing. So tried buying BTC instead, with fantastic success.
Copycat companies proliferated. They boomed and then busted. One panelist calls that a grift. A way to memeticly pump share price.
A line can be drawn between profitable companies just storing their profit in bitcoin Vs those raising debt to buy without having a profitable business.
Imagine a world transiting from using seashells for money to using gold coins. A company gathers seashells from investors to buy gold coins, which will do better than sea shells. Trouble is the next step where the company pays back it's investors with... More seashells.
If you own shares in the company, you do not own bitcoin. You'll just get more old fashioned bank money.
Still. It's worked as marketing, more people being convinced BTC has value.
If you do buy a treasury company, check it's bitcoin not "digital assets" including shitcoins.
#bitfest #bitcoin #bitcoinTreasuryCompanies