Big thanks to Neil Stanley for donating these S19 miners! We’ve got some exciting proof-of-concept projects in the pipeline and would love your support. If you’d like to contribute, please consider donating to our Geyser fund. ⚡ bpukminingandsustainability@geyser.fund image
From @fnew: The Crypto Asset Reporting Framework – what does this mean for Bitcoin in the UK? How will it affect your personal safety and security if it’s implemented as planned? We have today released a research paper and delivered this to HMRC with commentary on recommended changes to the draft legislation. What’s being proposed? Under the Crypto Asset Reporting Framework or CARF, it’s proposed that tax authorities worldwide will gather and have access to information on cryptocurrency transactions, allegedly to combat tax evasion and ensure compliance with tax laws. What’s wrong with it? The amount of personal and transaction data that will be gathered and shared is truly staggering. This won’t just be shared with your domestic tax authorities, but with others across the globe. It will include your name, address, date of birth, amount of Bitcoin held or sold or transferred. This is a highly dangerous level of intrusion into your personal and private life, particularly given the increasing frequency of data breaches (examples in our paper) and also the risk of violent physical attacks against Bitcoiners whose details are leaked to or obtained by bad actors. Additionally, the UK’s new draft regulations fail to make clear that none of these reporting requirements will fall upon the developers of free and open source software, as such persons cannot be in a position to comply. How should it be changed? We recommend two simple changes – that the information being gathered on Bitcoin and cryptocurrency users is severely limited and in a way proportionate to the high risk of personal harm, and that the regulation clarifies that it cannot and shall not apply to the developers of free and open source software. More details on our Substack👇
Bitcoin Policy UK are delighted to announce that Susie Violet Ward (@npub1hwgw...03sg), a founding member of BPUK, has been appointed as our new CEO. Full press release below.
We have added a new article to our substack. Many thanks to our guest writer, Daniel Feather, for his piece on "Bitcoin and the Redemption of Economics: Lessons from Physics".
Bitcoin Policy UK Welcomes Jaeger Hamilton as Creative Director and Head of Fundraising We are delighted to announce that Jaeger has joined Bitcoin Policy UK as our Creative Director and Head of Fundraising! With an impressive and diverse background, Jaeger brings a wealth of experience to our team. Jaeger holds a PhD in molecular microbiology, which he completed in 2013, but his journey didn’t stop there. For 10 years, he successfully ran Hamiltons Home Improvement Co., specialising in artisanal wooden flooring and making homes look extraordinary. With extensive experience in sales—both in person and remotely—he has a proven track record of securing high-value deals. In 2020, Jaeger had his "orange pill moment," igniting a profound shift towards focusing his talents on bitcoin and its transformative potential for humanity and the environment. He also organises bitcoin meet-ups across the east of England and works privately as a bitcoin consultant and educator. He is now channelling his skills in branding, education, news, and fundraising to amplify Bitcoin Policy UK’s mission of promoting bitcoin’s positive impact. Please join us in welcoming Jaeger to Bitcoin Policy UK! Together, we’re building a brighter future. image
Visiting Terahash in Germany has been incredible. What’s happening here is remarkable: heat from bitcoin mining is being repurposed to de-ice car washes, power district heating and even support cosmetics production. German engineering meets #bitcoin mining. 🔥
Support Bitcoin Policy UK: Your Contribution Matters At Bitcoin Policy UK, we’re dedicated to educating and empowering people to understand and embrace Bitcoin. Your contributions help fund vital research, educational programs, and advocacy that drives Bitcoin adoption and foster a more inclusive economic future. You can donate to our @Geyser pages via our website here: https://uk.bitcoinpolicy.net/donate/
Watch @fnew with @Peter McCormack: View quoted note →
Meet the team: NICK BOWICK HEAD OF MINING & ENERGY Nick Bowick has worked on some of the UK’s most complex engineering projects. He understands the importance of applied technology in real-world systems and sees the potential to leverage Bitcoin to solve some of the UK’s energy challenges. You can read Nick’s latest paper here: 📄.pdf image
Meet the team SUSIE VIOLET WARD CO-FOUNDER AND DIRECTOR Susie Violet Ward (@npub1hwgw...03sg) is a Financial Analyst with a background in Accounting with a strong interest in Bitcoin and the environment. She has authored several research articles on the benefits of Bitcoin Mining and its advantages for the future of renewable energy. image