Jason Deane

Bitcoin class of 2016 | Co-CEO @renewablox | Author | Bitcoin Miner | Speaker | Ex-Racing Driver

[Jason Deane @JasonADeane]

@StndStrg @mhp_guy Nope, but already know I want!

[Jason Deane @JasonADeane]

@GlasgowBitcoin I can't. I get too angry. lol!

[Jason Deane @JasonADeane]

So, apparently, we're one of the best economies around with increasing employment, investment and productivity, AND our deficit is decreasing - all thanks to 'Labour's policies'.
You'll forgive me if I'm a tad sceptical of these claims.

[Jason Deane @JasonADeane]

@PolitlcsUK The terrifying thing is that I think he actually believes this.
He genuinely has no idea how ANY of this works in an actual, real, physical world.
Y'know, like this one.

[Jason Deane @JasonADeane]

That's.
What.
Free.
Markets.
Resolve.

As soon as you intervene with government meddling (especially forced wage levels), you lose the essential price and value signals that underpin the whole thing.
After that, you're trying to centrally control prices, wages and production.
It never works.
It has NEVER worked in history.
Literally, EVER.
But it 'sounds cool' though.
And - let me guess - this time it will be different, right?
This IS the time when it'll actually work. (for no reason given whatsoever)

[Jason Deane @JasonADeane]

@kokeshimum I assume this is a rage-baiting tweet and that you do, secretly, understand the massive damage this does on a compound basis.
I mean, I hope you do, or that's a very daft thing to say.

[Jason Deane @JasonADeane]

I wrote this book in 2018 – woefully and embarrassingly out of date now in terms of examples and some of the thinking (especially around mining) – so no longer promote. Though factual, the style was quite light-hearted and amusing, and people seemed to really enjoy that.
That said, it still sells to this day on Amazon (and other bookshops) mainly because I'm locked out of my author account and can't change it! I know a few libraries stock it too. Currently 23 reviews with a 4.6 rating.
I went on to write a ton of other stuff for publications and the Medium platform as well as contributing to many other books, but I never got round to writing an updated 2nd edition.
Maybe one day, eh?
Find it here: https://t.co/rVixlAr5Xj

[Jason Deane @JasonADeane]

@MandelDuck love this!

[Jason Deane @JasonADeane]

Yet another disaster for the UK economy.
Hey government, you DO realise economics is all about incentives, right?
It's a really important word, that.
It helps wealth creators make investment and employment decisions.
All I'm saying is that you might want to think this through a little bit.
Y'know, before you totally screw up the little that you haven't totally screwed yet.
Quite happy to explain in small words if you need help here (though judging by the volume of commentary, you may have already gotten wind of the fact that this is a very, very bad idea)
Still, may as well do it anyway, eh?
Who cares what the economists say?
What do they know, am I right?

[Jason Deane @JasonADeane]

This reads like a sketch done by a comedian who is taking the piss out of really thick politicians for our entertainment on a prime-time show.
Except it actually isn't.
I genuinely believe there is no one at all in labour who has the faintest idea of how economics works.
And yet, we have to pay for that.
Read a GODDAM BOOK, guys.

[Jason Deane @JasonADeane]

This is one of those "well, technically that's correct ..." moments from @JeevunSandher, but even then it's still a very naive statement IMO.
He's right that taxing profits doesn't directly increase the marginal cost of production, but that ignores the effect on investment incentives, future supply &, in turn, future prices.
A retrospective tax on unexpected profits is one thing (if that genuinely IS the case) but a recurring tax on successful investments is another. So, in short, supply and demand determine prices, but taxation can change supply.
However, the bottom line issue is the bigger point – the higher the tax in ANY form, the lower the incentive for the wealth makers to produce. Eventually you run them abroad or into the ground, especially if you're running the economy like a teenager out on the piss with a limitless credit card (which is what the last few governments, especially this one, have been doing)
Always better to lower tax, increase incentives, reduce government intervention &, of course, STOP SPENDING LIKE MONEY IS FREE.
You utter melts.

[Dr. Jeevun Sandher MP @JeevunSandher]

Nope, that’s not how taxes and price works. The price is determined by demand and supply.

Companies charge the highest price they can given demand. A tax levied on *profits* does not affect a company’s cost ie supply.

Taxes on *windfall* profits (like oil and gas) are the most efficient kind of tax there is.

[Jason Deane @JasonADeane]

@nomoreinflation @JamesMelville Great work and shows it perfectly.
In £'s, everything gets more expensive over time
In Bitcoin, everything gets cheaper over time.
I prefer the latter.

[Jason Deane @JasonADeane]

I don't know how many times I've sent out @satmojoe's 'What's the problem' to people, but a few days ago I sent it out in French. It's currently doing the rounds in Rouen, I am told.
Lovin' the Bryanesque smooth French voiceover ...
https://t.co/06W8vu6hBj

[RenewaBlox @RenewaBlox]

Latest blog from Co-CEO @CL_Wheeler is here & it's his best one yet! This will have you saying 'I didn't know that!' A MUST read for any UK energy user ...
https://t.co/1t2aKJD5tF

[Jason Deane @JasonADeane]

@RenewaBlox @CL_Wheeler This is a cracking piece, should be read far and wide IMO

[Jason Deane @JasonADeane]

@mike56200 Really? That's all it takes? Wow, I never even thought to try because it looks so darn permanent. I now wonder if we all think that?

[Jason Deane @JasonADeane]

@Peterlane1985 @grok @Polymarket And yet, not surprising, is it?
All those dystopian movies turned out to be true ... and STILL the people vote for more.
Make it make sense.

[Jason Deane @JasonADeane]

@CutMyTaxUK Wow. If only someone had told her how economics works.
Oh, right, we did.