Ian
@jimjam80.bsky.social
Free thinker and dreamer, curious and a scientist at heart. We should be striving to make the world a better place for everyone....eat the oligarchs. http://www.dronestudiomalta.com
Because it's always growth at our expense, and we get less for it, work longer and harder and see less return than what we were getting years ago. Into the pockets of the rich.
October 8, 2025 at 9:06 PM
Because it's always growth at our expense, and we get less for it, work longer and harder and see less return than what we were getting years ago. Into the pockets of the rich.
They could just ban people from owning too many homes, and stopping foreign investors and equity companies from buying residential property. That would release loads of homes to the public and help drive the prices down.
October 8, 2025 at 4:01 PM
They could just ban people from owning too many homes, and stopping foreign investors and equity companies from buying residential property. That would release loads of homes to the public and help drive the prices down.
Sometimes I think it's complex because it benefits them. Easier to hide.
October 5, 2025 at 10:18 AM
Sometimes I think it's complex because it benefits them. Easier to hide.
This is interesting. More digging 👌
October 4, 2025 at 6:36 PM
This is interesting. More digging 👌
Pilot with State Pension - 12m people, fixed amounts, monthly payments. Proves blockchain ID + digital wallet work. Then scale to UBI and benefits.
October 4, 2025 at 8:46 AM
Pilot with State Pension - 12m people, fixed amounts, monthly payments. Proves blockchain ID + digital wallet work. Then scale to UBI and benefits.
Government creates money, keeps the seigniorage
It's a choice. We're choosing to pay banks. We could choose not to.
Re: NEF errors - which specific errors? The £30bn figure comes from Bank of England's own QE cash flow data, not NEF's calculation."
It's a choice. We're choosing to pay banks. We could choose not to.
Re: NEF errors - which specific errors? The £30bn figure comes from Bank of England's own QE cash flow data, not NEF's calculation."
October 4, 2025 at 8:43 AM
Government creates money, keeps the seigniorage
It's a choice. We're choosing to pay banks. We could choose not to.
Re: NEF errors - which specific errors? The £30bn figure comes from Bank of England's own QE cash flow data, not NEF's calculation."
It's a choice. We're choosing to pay banks. We could choose not to.
Re: NEF errors - which specific errors? The £30bn figure comes from Bank of England's own QE cash flow data, not NEF's calculation."
You say 'the pound is already digital' - true, but it's BANK digital money (they create 97% of money supply). That's different from GOVERNMENT digital money.
The question is: who profits from creating money?
Current: Banks create money, government pays them £30bn/year Digital Pound
The question is: who profits from creating money?
Current: Banks create money, government pays them £30bn/year Digital Pound
October 4, 2025 at 8:42 AM
You say 'the pound is already digital' - true, but it's BANK digital money (they create 97% of money supply). That's different from GOVERNMENT digital money.
The question is: who profits from creating money?
Current: Banks create money, government pays them £30bn/year Digital Pound
The question is: who profits from creating money?
Current: Banks create money, government pays them £30bn/year Digital Pound
Option 1 (Current): Pay banks £30bn/year to hold reserves Option 2 (Tiered reserves): Only pay interest on portion of reserves - saves £11-55bn/year (NEF calculation, used by ECB, Switzerland) Option 3 (Digital Pound): Government-issued currency, government sets rates, no payment to commercial banks
October 4, 2025 at 8:41 AM
Option 1 (Current): Pay banks £30bn/year to hold reserves Option 2 (Tiered reserves): Only pay interest on portion of reserves - saves £11-55bn/year (NEF calculation, used by ECB, Switzerland) Option 3 (Digital Pound): Government-issued currency, government sets rates, no payment to commercial banks
You're right it's a policy choice - that's exactly my point. We're CHOOSING to pay banks £30bn/year.
Yes, it's for monetary policy (managing interest rates). But there are alternatives:
Yes, it's for monetary policy (managing interest rates). But there are alternatives:
October 4, 2025 at 8:41 AM
You're right it's a policy choice - that's exactly my point. We're CHOOSING to pay banks £30bn/year.
Yes, it's for monetary policy (managing interest rates). But there are alternatives:
Yes, it's for monetary policy (managing interest rates). But there are alternatives:
Here's the numbers.
£30bn/year paid to banks for holding reserves (New Economics Foundation, 2023). £150bn by 2028.
Plus £200m/year banking contracts + ~£2-5bn transaction fees.
Digital Pound cuts the middleman = £30-35bn/year saved.
£30bn/year paid to banks for holding reserves (New Economics Foundation, 2023). £150bn by 2028.
Plus £200m/year banking contracts + ~£2-5bn transaction fees.
Digital Pound cuts the middleman = £30-35bn/year saved.
October 3, 2025 at 9:15 PM
Here's the numbers.
£30bn/year paid to banks for holding reserves (New Economics Foundation, 2023). £150bn by 2028.
Plus £200m/year banking contracts + ~£2-5bn transaction fees.
Digital Pound cuts the middleman = £30-35bn/year saved.
£30bn/year paid to banks for holding reserves (New Economics Foundation, 2023). £150bn by 2028.
Plus £200m/year banking contracts + ~£2-5bn transaction fees.
Digital Pound cuts the middleman = £30-35bn/year saved.
Every time the government pays benefits, salaries or pensions they pay transaction fees 10-15bil a year. 137bil bank bailouts. Productivity loss and fraud totals about 80bil. A digital pound would remove most of these costs.
October 3, 2025 at 9:04 PM
Every time the government pays benefits, salaries or pensions they pay transaction fees 10-15bil a year. 137bil bank bailouts. Productivity loss and fraud totals about 80bil. A digital pound would remove most of these costs.
I'm not so sure, it costs the government billions doing that through the banks. There's a part in there that explains it and the savings. Though I do need to add more info.
October 3, 2025 at 6:49 PM
I'm not so sure, it costs the government billions doing that through the banks. There's a part in there that explains it and the savings. Though I do need to add more info.
I know you didn't. I just mean it seems to be an issue right now, even though it's not. Basically it's the boogie man at this point instead of wealth inequality.
October 3, 2025 at 6:45 PM
I know you didn't. I just mean it seems to be an issue right now, even though it's not. Basically it's the boogie man at this point instead of wealth inequality.
You could even get rid of banks, and those with spare cash donating to a pool for loans/mortgages where they could get a little interest.
October 3, 2025 at 6:44 PM
You could even get rid of banks, and those with spare cash donating to a pool for loans/mortgages where they could get a little interest.
Well, we don't want that. But you've heard of open source? Built and run by the public for the public. Best thing is, the public can become nodes by just running it on their own computer (if they wish). Same with the ledger. The more nodes, the more secure it is. And it's all transparent.
October 3, 2025 at 6:43 PM
Well, we don't want that. But you've heard of open source? Built and run by the public for the public. Best thing is, the public can become nodes by just running it on their own computer (if they wish). Same with the ledger. The more nodes, the more secure it is. And it's all transparent.
Well, it's there to benefit the rich. Not anyone else.
October 3, 2025 at 6:39 PM
Well, it's there to benefit the rich. Not anyone else.
I get the immigration issue, though I don't see it as big of an issue as others. The bigger problem is wealth inequality/loopholes/corruption and that's what needs to be tackled head on.
October 3, 2025 at 6:38 PM
I get the immigration issue, though I don't see it as big of an issue as others. The bigger problem is wealth inequality/loopholes/corruption and that's what needs to be tackled head on.
Yes, exactly. They're public servants at the end of the day. All that data could be displayed in easy to understand apps or websites to make everything easier for the public to understand.
A.I. is getting better every day and can easily flag suspicious payments and transactions. So anti-corruption.
A.I. is getting better every day and can easily flag suspicious payments and transactions. So anti-corruption.
October 3, 2025 at 6:34 PM
Yes, exactly. They're public servants at the end of the day. All that data could be displayed in easy to understand apps or websites to make everything easier for the public to understand.
A.I. is getting better every day and can easily flag suspicious payments and transactions. So anti-corruption.
A.I. is getting better every day and can easily flag suspicious payments and transactions. So anti-corruption.
Also I mention that I genuinely believe the working and middle classes are overtaxed. It's been eating away at our spending power over the years. Less going up, more going through our communities and societies to thrive again.
October 3, 2025 at 6:31 PM
Also I mention that I genuinely believe the working and middle classes are overtaxed. It's been eating away at our spending power over the years. Less going up, more going through our communities and societies to thrive again.
The public ledger/blockchain is more about transparency than anything else. I think accountability on spending or waste is a big issue and opening all that up for public scrutiny and voting is crucial. Estonia is an interesting example here.
It sounds like I need to investigate the currency issue 👌
It sounds like I need to investigate the currency issue 👌
October 3, 2025 at 6:29 PM
The public ledger/blockchain is more about transparency than anything else. I think accountability on spending or waste is a big issue and opening all that up for public scrutiny and voting is crucial. Estonia is an interesting example here.
It sounds like I need to investigate the currency issue 👌
It sounds like I need to investigate the currency issue 👌
I like to brainstorm now and then to see what could be achievable 💡 docs.google.com/document/d/1...
PublicShift UK Proposal- A Fairer, Healthier, Family-Friendly Britain
PublicShift UK: A 20-Year Plan for a Thriving Britain The Promise By 2045, here's what ordinary British families get: Your home costs £160,000, not £280,000 — saving £120,000 Your taxes drop from 32% ...
docs.google.com
October 3, 2025 at 5:31 PM
I like to brainstorm now and then to see what could be achievable 💡 docs.google.com/document/d/1...