Do not think them stupid. They are remarkably effective. Every policy they have pushed in just 12mths has profound social and demographic implications for the U.K. If you look closely it is not hard to figure out their direction of travel. Remember how Fabian's operate and that the purpose of a policy is what it does in the real world, not what they make up to sell it to the media.
NR, you are exactly right. Labour seniors aren’t stupid, they are following orders from higher up the Communist food chain to do everything they can whilst in power to demoralise, degrade and destroy this once great country by whatever means so they can rule over the ashes with their fistfuls of hate. It’s what Communism always does, from Soviet Russia to China to North Korea to Cambodia and now it’s very close to the West.
TDR. We are frogs being boiled. Did you see this in the DT? Maybe not a good strategy to advertise why he's selling, wouldn't that put buyers off??
'A billionaire shipping tycoon who said the UK had “gone to hell” has put his £250m London mansion up for sale after fleeing Britain. John Fredriksen, a Norwegian marine tycoon, is reportedly selling his 300-year old Georgian manor in Chelsea just weeks after criticising Rachel Reeves, the Chancellor, for abolishing the non-dom regime'.
Apologies for sounding arrogant Dominic. I really appreciate all your great work and thoughts. Rachel from accounts will one way or another screw this up, and not just with Bitcoin!
Nice letter, however unlikely it may be that it will be read and acted upon by the intended recipient. You're like a bloke on the Titanic warning about icebergs. From Brown's Bottom to Rachel's Rekt'um.
Dominic, I was looking for your piece about Bitcoin treasury companies to make this comment under, but could not find it. Hopefully you will get this message. What are your thoughts on Strive Inc’s offer for Semler? My optimistic view is ‘Great’, but my pessimistic view is that we are being offered paper which has been hyped up by more than the x3.8 which they appear to be offering to Semler shareholders. And if many try to sell APPS shares as soon as they get them, the x3.8 will rapidly become x1.5 or so.
It is good that the sum owed to the DOJ has been finalised, but the terms of the loan Semler has drawn down on (see below) are truly awful - no wonder the shares are down. “The loan carries a 10% annual interest rate and is secured by a first-priority security interest in Semler’s bitcoin, with an initial margin requirement of 156.25%. If the value of the collateral falls below the margin threshold, Semler must post additional bitcoin or eligible assets to Coinbase. The loan matures on March 26, 2026, and early repayment triggers a fee equal to all remaining interest through maturity.”
Just the fact they are considering this is down right depressing and demoralising. I could say many things , but nothing you all don’t know already. No hope, for the uk and for Europe.
Do not think them stupid. They are remarkably effective. Every policy they have pushed in just 12mths has profound social and demographic implications for the U.K. If you look closely it is not hard to figure out their direction of travel. Remember how Fabian's operate and that the purpose of a policy is what it does in the real world, not what they make up to sell it to the media.
Yes I know :(
NR, you are exactly right. Labour seniors aren’t stupid, they are following orders from higher up the Communist food chain to do everything they can whilst in power to demoralise, degrade and destroy this once great country by whatever means so they can rule over the ashes with their fistfuls of hate. It’s what Communism always does, from Soviet Russia to China to North Korea to Cambodia and now it’s very close to the West.
We are already there
TDR. We are frogs being boiled. Did you see this in the DT? Maybe not a good strategy to advertise why he's selling, wouldn't that put buyers off??
'A billionaire shipping tycoon who said the UK had “gone to hell” has put his £250m London mansion up for sale after fleeing Britain. John Fredriksen, a Norwegian marine tycoon, is reportedly selling his 300-year old Georgian manor in Chelsea just weeks after criticising Rachel Reeves, the Chancellor, for abolishing the non-dom regime'.
Yes, I thought that when I saw it too
Dom for Chancellor!
So far she has shown herself to be far dimmer than the “Prime Minister who should never have been” so I have little hope of reason.
Dominic, have you actually sent this letter to HM Treasury?
Would you be okay with me forwarding it to my (Labour) MP?
Please do yes. Thank you
Apologies for sounding arrogant Dominic. I really appreciate all your great work and thoughts. Rachel from accounts will one way or another screw this up, and not just with Bitcoin!
Probably…
There's a reason she has a picture of Ellen Wilkinson on her office wall
Ugh
Dominic, if there are 21m bitcoins and the UK government has 61,000 of them, how does that equal 3% of total supply?
0.3 oops thank you
Ya welcome
D.
This will answer my missive of just now…
Except for my unintentionally coercive ….”Keep Going. And Keep the Faith”
👊🤞
Nice letter, however unlikely it may be that it will be read and acted upon by the intended recipient. You're like a bloke on the Titanic warning about icebergs. From Brown's Bottom to Rachel's Rekt'um.
Dominic, I was looking for your piece about Bitcoin treasury companies to make this comment under, but could not find it. Hopefully you will get this message. What are your thoughts on Strive Inc’s offer for Semler? My optimistic view is ‘Great’, but my pessimistic view is that we are being offered paper which has been hyped up by more than the x3.8 which they appear to be offering to Semler shareholders. And if many try to sell APPS shares as soon as they get them, the x3.8 will rapidly become x1.5 or so.
I’m gonna cover it this week. I like the deal. I don’t like the way the share Price is behaving.
It is good that the sum owed to the DOJ has been finalised, but the terms of the loan Semler has drawn down on (see below) are truly awful - no wonder the shares are down. “The loan carries a 10% annual interest rate and is secured by a first-priority security interest in Semler’s bitcoin, with an initial margin requirement of 156.25%. If the value of the collateral falls below the margin threshold, Semler must post additional bitcoin or eligible assets to Coinbase. The loan matures on March 26, 2026, and early repayment triggers a fee equal to all remaining interest through maturity.”
😣 ouch
Thank you, Dominic - that’s good to hear. I await your thoughts!
It would be better to borrow against the Bitcoin.
Indeed
Just the fact they are considering this is down right depressing and demoralising. I could say many things , but nothing you all don’t know already. No hope, for the uk and for Europe.
Very sad
0.3% of total supply! You do the maths.
Indeed thank you
Thanks Dominic for your, as ever, articulate, clear and concise piece. I signed the uk petition https://petition.parliament.uk/petitions/706344
and wrote to my M.P., shared your article with her and others, and I don't want to let this rest - we can not allow her to make this mistake!!
P.S. repeated the 3% error, oops, :-o
Have you ever thought of going into politics Dominic...
Hi DF.
One note from your endearing and sensible message to RR.
Given that Strategy think they have 3% of the Bitcoin float….
Is it really possible that “Previously Great Britain” has the same amount??
I would be thrilled if it is true….but being an old boy… it seems a bit unlikely.
Whatever the answer…
Keep Going and Keep the Faith
Brian
HODL!!!
No doubt they'll sell the dip instead.