Satman John

Sweating facts, shitting stats and stacking sats | #Bitcoin only

[Rupert Lowe MP @RupertLowe10]

Britain is heading for national bankruptcy. The national debt is over £3000bn, up almost 10 fold in a generation.

In August alone the Government borrowed a further £18.3bn, the worst August figure since COVID, despite record tax rises.

The money raised from taxation is going into a black hole for little or no benefit to British people.

In fact, we are now largely funding the third world invasion of our shores. It is bent beyond belief.

The Government is accumulating £130bn of new debt each year and we are spending over £120bn each year just to service this debt. That is about twice the defence budget, wasted.

A millstone around the young’s necks for past profligacy.

It shames my generation.

Since Labour won in July 2024 they have continued feathering the public sector’s nest.

Public sector pay has risen 12.8% since July 2024 compared with private sector increases of 7.8% while inflation is up 7.3%.

Public sector worker headline pays now £757 per week against £739 for the private sector. The real gap is far higher due to far more generous pensions, generally longer holidays, higher public sector absentee rates and a job for life culture.

This might be fine if the productivity of the public sector was credible.

It is not. Obviously.

More if we look at employment growth since January 2000 the public sector has taken on a staggering 1,137,000 extra workers while the private sector has been stagnant putting on a mere 231,000 jobs.

When one considers the UK population was estimated at 67.1 million in 2020 against 69.3 million today the private sector is in clear and obvious recession.

This recession is entirely the Government’s fault by engineering very high energy prices while increasing tax and regulation.

A recipe for disaster, to say the very least.

For this extra million plus workers in the public sector one might have expected fantastic service.

Do you believe that’s the case? I certainly don’t.

ONS data suggests shows that public sector productivity has risen a whopping 1.8% since 1997.

1997 is the very dawn of the internet, pre AI and digital technology - this is a staggeringly inept performance and lags UK economy wide productivity gains averaging 32%.

If one excludes debt interest payments and welfare payments HMG spends c£850bn.

A 31% productivity gap since equates to c£230bn of lost opportunity.

The mystery of the UK’s abysmal economic performance is no mystery at all. It comes down clearly and simply as a result of the private sector being crushed and crowded out under the weight of gross public sector inefficiency.

I detest it.

A generation ago Britain was split roughly two thirds private and one third public, today it is close to 50-50.

Through massive regulation, high taxation, welfarism and excess debt we have swapped a productive private sector led economy for an incompetent and failing public sector one.

Britain spends £45,000 for every family in the land on a public sector which is clearly not fit for purpose.

The radical change needed to restore Britain is possibly more than the average voter will accept.

But it’s the only way, and Restore Britain will continue to make that difficult argument.

I am hopeful that voters will appreciate the honesty for a change.

Because many, many, many awful decisions lay ahead.

They need to be taken.

[Satman John @JohnSatman]

Nvk retweeted.

He’s laughing whilst thousands of people have lost their life savings because of his faulty hardware.

Have some fucking shame @nvk

[Loꓘo 🏒🧄 @LoKoBTC]

🚨IT JUST KEEPS GETTING WORSE!
Coldcard “entropy bug” was the distraction.

Turns out the SEEDPLATE has a microchip.
Every punch is logged.
It phones home to the nearest Blockclock.
They already had the backups.
Destroy the plate as well.

What’s next? 🙃

[Satman John @JohnSatman]

@PeterMcCormack Any recommendations on American history books?

[Bitstein @bitstein]

You still have a chance to front-run the Bull. Do not forsake your descendants.

[Jack Mallers @jackmallers]

Emergency Press Conference: Ripple is undermining American prosperity, freedom, and Bitcoin.

Ripple is actively lobbying to stop a Bitcoin Strategic Reserve in the U.S. while pushing their centralized, corporate-controlled token.

We will not stand for it.

[Jason Si. Williams @GoingParabolic]

If you can’t tell me who this is instantly you are new here and you need to stop hosting spaces immediately and stack sats and study.

[Michael Saylor @saylor]

Today, @EricTrump shared his views on the significance of #Bitcoin and the role that he and @realDonaldTrump expect it to play in the future. The speech is extraordinary and I highly recommend watching it in full.

[Satman John @JohnSatman]

Laser eyes stay on

[Bitcoin Magazine @BitcoinMagazine]

JUST IN: #Bitcoin passes silver in market cap 👀

[Satman John @JohnSatman]

Have to respect Peter Schiff’s commitment to either not understanding economics, or being the biggest troller of the bitcoin community. He’s been at it for many years now and still gets bites on the daily.

[Peter Schiff @PeterSchiff]

@TajoCrypto Why is Bitcoin more valuable. The Golden Triumph originals are way more scarce than Bitcoin.

[Smiffy Big Coin @noufsmith]

UK citizens should run to #Bitcoin.

Unsurprisingly, the UK on-ramps are being burnt down fast.

Run faster.

[Satman John @JohnSatman]

What the fuck did people actually expect from that Trump speech? I think that is as pro bitcoin as you could expect him to go 😂

[Michael Saylor @saylor]

@BillAckman You should buy some #bitcoin, but not for the reasons cited above. Most bitcoin miners are driving the cost of electricity down for other consumers, not up. Let me know if you would like to discuss 1 on 1.

[Satman John @JohnSatman]

Bitcoin pumps and coinbase crashes, like
clockwork. One day it will go down and never come back up, and people will lose a lot of money if they don’t learn

[Satman John @JohnSatman]

This is quite literally what fiat does to an economy. Projects financed by printed money turn out to be worthless when the fiat tap is turned off and have to be knocked down

[Samson Mow @Excellion]

And the memo goes to the journalists too. No more garbage takes on #Bitcoin like this, or you’re also going to be looking for work elsewhere.

You don’t bite the hand that feeds you.

[Satman John @JohnSatman]

We are back