Matt @hendore - 2y
“Bitcoin has failed on the promise to be a global decentralised digital currency” - 🤡 https://www.ecb.europa.eu/press/blog/date/2024/html/ecb.blog20240222~0929f86e23.en.html
They are, I got there in the end but the pool of questions just felt off to me when wanting to buy bitcoin but asked questions about shitcoins 🤷🏻♂️ On the one hand I don’t mind the new steps to prevent people investing before understanding but the question pool needs to be revised based on the financial promotion imo. Don’t ask me about some scam cryptocurrency I’ve never heard about before when I’m trying to purchase bitcoin etc…
😂 Solution to all problems 🫖
Follow up from previous note, after agreeing that I should not invest more than 10% of my net assets over the next 12 months 🙄 there was a quiz of about 9 questions to pass in order to continue, this will become standard practice for all exchanges operating in the UK with a final deadline of 8th January. Questions varied a bit around rules exchanges follow in the UK, protection against losses, volatility, stable coins and even shitcoins. According to the FCA handbook and proposals users will see different questions each time as they are pulled from a pool of questions. The on-ramp has now become so much steeper for new investors, I think these new changes will severly hinder new investors getting in and stunt growth in the UK. Consumers will also need to be reassessed every 12 months. Honestly not sure how to feel with this, we know the risks, all of this seems overly excessive. #bitcoin #fca #uk #globalhub https://image.nostr.build/7f85ffcde6d9f9d9495f3f1fce25f068d225c3547c2b98136cf3d31cb7e78798.jpg
Are you running into new FCA rules on your chosen exchange?
No coincidence the FCA have been cracking down hard and removing Bitcoin ATM’s over the last few months just in time for the new rules to start applying. Probably wouldn’t have used them myself after seeing the fees 😂
🚩New UK rules from the FCA are going to make it next to impossible for anyone to accumulate a substantial amount of #bitcoin Most of us will fall into the “restricted investor” category limiting us to no more than 10% of our assets (excluding home if primary residence and pension) being invested. I was honest, stated I’ve invested ~20% net assets in the last 12 months but I agreed to invest no more than 10% in the next 12 months yet still failed the assessment 🤷🏻♂️ according to their handbook I now have one more shot at this before being locked out for 24 hours before being able to try again with slightly bent answers 🫠 You would need to have £340,000 in savings/stocks right now and not invested anything in the last 12 months to be able to buy 1BTC today.
Not sure what your budget is but I’ve been thinking about replacing my raspberry pi 400 with a Mac mini 🤔
This also happens to be the port number of my development lightning rpc server ⚡️
My biggest FOMO is knowing I won’t be around to witness the final block reward be mined #bitcoin
🚂 choo-choo! https://image.nostr.build/b1a171ddb1352b311039449480146667a76d2d431e5f8e80f5b096205375ec68.gif
Thank you 💜
🫂 In my last update shared almost 3 months ago I mentioned a challenging period when a wave of redundancies affected both myself and many close friends. Its been difficult navigating the minefield of the hiring process that seems to be the norm now compared to the past, it’s been a stressful time but I’m now fortunate enough to say that I have secured a new position and I can begin to stress less and live more. Employment aside and looking back now, the hardest pill to swallow over the last 3 months was the need to use my emergency fund to get by and not have the means to accumulate more BTC. I’m now looking forward to being able to top up the spent rainy day funds so that I can get back to stacking sats in the new year. The good news from all of this is I didn’t need to loose any BTC during this time to survive 🤙
You’re welcome! I’ve not used zapr.social for a while now but I’m glad it served you well until you could get one tap zaps back 🫂
There’s an extension called cloak that might be worth a try.
🫂 Life's journey has its ups and downs, and today I find myself at a crossroads. After an amazing 6-year ride, I've been made redundant. It's a tough pill to swallow, but I'm not giving up. To all my fellow job seekers out there, remember that setbacks are temporary. We're resilient, and our skills are valuable. Let's keep pushing forward!
How much longer until X is just now as X and not “X formally twitter” 🙄
Question for anyone running bitcoin core, how soon after a release do you update? I’m still running the previous release 24.1 even though 25.0 was release back in May 🤔
Are you on iOS 17 beta? Damus has been crashing every 3-5 minutes for a few weeks on my device, I’ve just put it down to me running a beta OS 🤔
This happened a lot in the past, after the umpteenth time I told them I don’t want to have to call every week to get my transaction approved so it stopped for about 12 months but it looks like they may now be picking this practice/policy up again.
