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Joined 6 months ago
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Cake day: January 7th, 2024

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  • “On 31 December 2009, rather than being fully privatised, the mint ceased to be an executive agency and its assets were vested in a limited company, Royal Mint Ltd. The owner of the new company became The Royal Mint trading fund, which itself continued to be owned by HM Treasury. As its sole shareholder, the mint pays an annual dividend of £4 million to the Treasury, with the remaining profits being reinvested into the mint.[58] In 2015, Chancellor of the Exchequer George Osborne announced a £20 billion privatisation drive to raise funds, with the Royal Mint being up for sale alongside other institutions including the Met Office and Companies House.[55]”

    “Then in 2016, the mint announced plans for Royal Mint Gold (RMG), a digital gold currency that uses blockchain to trade and invest in gold. Operated by CME Group, the technology is to be[out of date?] created by technology companies AlphaPoint and BitGo.[69]”

    Bring it back into public ownership. It’s been partially privatised and the vultures are extracting what they can.

    It’s not completely nonsensical for the government to lose a small margy on making currency. It’s useful and the harder it is to counterfeit the better.

    But both “New Labour” and the Conservatives have a lot to answer for when it comes to our national assets being lost.


  • It would also negate the point of the legislation that means they have to accept stamps in the first place.

    You should not have to visit a post office in person or online to post a letter.

    There are letter boxes in walking distance. If you’ve bought a book of stamps everything you need is in your desk.

    That’s the system we have and it would never be designed by a business that way. But it’s a business that’s taken on that system alongside the I infrastructure for it.

    If you genuinely depend on the post accessibility to it is important. It could be modernised but it was working before, modernisation and cost saving are not the same thing.


  • Stamps no longer have a face value. They are 1st or second class.

    As they put up the price each year it’s becoming common to buy stamps before the price rise and sell them after.

    The margin on the last rise was ~13% on 2nd class stamps, 8% on first class stamps.

    13% has been roughly the average every year since 2005.

    So you can absolutely buy stamps at less than “face value”. Someone who bought them 4 years ago could easily give you a 20% discount and still make a profit.

    As stamps are not allowed to expire (or have to be replaced if they do) this is a safe investment.

    Royal mail have encouraged this to inflate sales in the short term and are suffering from those valid stamps still being available now with no further revenue.

    Taking the face value off stamps is what’s caused this problem.

    There was never an investment opportunity in buying a 90p stamp that was still worth 90p postage years later.

    But buying 1000 2nd class stamps that are always worth 2nd class postage has been an inflation beating purchase.


  • Or they go close to bust and get renationalised.

    If Labour are smart about it they’ll keep the USO in place and when it’s shown the business isn’t profitable take the assets back into public hands at a reasonable price.

    The key problem with the new stamps is there’s no way for someone to check the validity themselves.

    It’s also just a barcode, so a fake stamp that gets used with that barcode first doesn’t get stopped and the legitimate one does.

    There have definitely been some batches where the barcodes have leaked.



  • There’s no point about talking about the physics of the grid without the economics.

    The story of the New York blackouts is not one of groundbreaking physics.

    It’s the story of two lightning strikes, some very basic physics, and a systemic failure.

    Understanding the systemic failure is not a physics question. Electricity is already well understood and that physics isn’t changing.

    A renewable grid is not a physics question either. It’s one of regulation, redundancies and the end goal hasn’t changed.

    Saying “production and consumption on the grid must match” might as well be put in the pile with statements like “wires must be made of conductive material”. They’re just 2 things that haven’t changed.


  • That’s wrong and it’s simple to explain why.

    If the grid allows negative prices, grid storage becomes a profitable business opportunity.

    The power consumption will always go up or production will go down if prices go negative.

    We are missing a key piece of the puzzle to decarbonise the grid and that’s storage of the abundant renewable power we could easily create.

    This is a sign the market is ready for investment in storage.



  • Just in case you’re not aware of him.

    Pat Martino

    A jazz guitarist who suffered hemorrhage and seizures in the 80s. Had to have part of his brain removed.

    It took 7 years of practicing for him to return to playing properly after the amnesia.

    It’s a struggle no doubt, but if you want it then it’s possible.

    Having tried to pick up a new instrument in adulthood it definitely feels more difficult but to be honest the key thing I had when learning as a kid was time.

    As a kid I could work at it in big chunks of time and progress that felt great. In adulthood I have to accept I’m chipping away at the rockface with how little time to put in.

    It is possible to make progress though and I’ve learned to delight in the small wins.

    I still play my first instrument and can’t imagine the loss I’d feel if all that work over many years went away so you really have my sympathy. But if you love it, please don’t give up.

    Music is a life long hobby that’s really good for you, and that’s a valuable thing.



  • Several people are suggesting that’s what’s happening here. Not without reason.

    They have lost their parents. They have them been removed from where they live to a location more easily controlled by Israel. Away from references to the culture Israel dislikes.

    The question about why an orphanage is a dangerous place is the question to ask when justifications for relocation are first put forward.

    Israel should ensure the location they already are is safe from their harm.






  • For a fun example to talk about look at Deadmau5’s Purrari.

    The Nyan cat wrapped Ferrari.

    Legally Ferrari had little they could do. There was some things to do with putting a modified badge they could stop. While on finance they could recall the loan due to the modifications affecting the equity in the car.

    But any seller of any product has the backstop that they can ban further purchases and refuse future services. Or even potentially be required to buy their home nation.

    Why would Nitrogen gas suppliers not want this?

    As a global company, do you want to risk losing a major market by supplying a product for executions.

    If you sell your product for executions you are officially selling a poison.

    Do you want the regulation involved to have to background check every customer to ensure they are not using it for lethal purposes?

    Do you want the additional import and export controls on your product?

    Are you held liable in any way if someone deliberately uses your product for euthanasia or suicide? Potentially. That’s why several countries have limits on the volume of paracetamol an individual can purchase.

    The Terms of Service is a sticking plaster, probably not even enforceable, but the bare minimum to avoid further regulations on the industry. But it’s certainly worth nitrogen gas suppliers trying to avoid themselves being dragged into a hornets nest of politics, morality, and costly regulation.

    Banning a small customer, in prisons, from buying your product could save you a lot of money in the long run.


  • Rights framed in a constitution are important.

    The responsibility of the government is to uphold law and the rights that law protects.

    But a legislator sets the law, so without rights being part of a constitution, the government gets no responsibility from a constitution.

    The most important stuff is all pertaining to elections. How the government gets elected being in the constitution stops the government changing that before an election.

    Then rights directly effecting elections. Speech, protest, anti-discrimination.

    Can’t have those changed before the ballot.

    Everything else can and should be part of a separate bill or constitution of rights.


  • Your last sentence is essentially no different to OP.

    The Red Bull car is Newey because he makes the difference.

    It’s a team sport but there’s no need to preface every statement with the credits at the end of the movie.

    We know it’s the director’s film.

    We know it’s Newey’s car.

    We can say either of those statements without diminishing the work of others.

    Unless you want to tell me I need to know the names of the 3rd AD and 2nd Dolly grip for each film in the best directors category, you shouldn’t be trying to manufacture offence when someone says the “Global Chief Technical Officer” is responsible for the car.