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Showing posts from August, 2017

A steak bake and a coffee with Bitcoin

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Greggs is a north east institution. From a small bakery in Newcastle in the 1930s and delivery via bicycle it is now all over Britain. Coffee, sandwiches and the famous stottie cake . Greggs history has been about adapting to change and you can now get a Greggs app for your smart phone to pay in-store and collect some rewards. What about going really out on the edge and buying Greggs with Bitcoin . A few years back I picked up a few Satoshi* just to see how Bitcoin worked. For me it was a computer science experiment rather than a serious financial transaction. *What is a Satoshi? Each bitcoin (BTC) is divisible to the 8th decimal place, so each BTC can be split into 100,000,000 units. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi. A Satoshi is the smallest unit of Bitcoin. You can see (above) just how small a Satoshi is and my lack of an actual single Bitcoin puts me at the bottom of the Bitcoin millionaire scale. However if I read the casual comments of th

The Curse of Amazon Prime

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Amazon is great. I have been shopping with them since 1998 when you could only buy books and CDs. Today you can buy almost anything. Over time the idea of delivery has changed. Amazon is online so they also deliver services online. Movies, TV, music and probably a few other things I haven’t spotted. However I just buy stuff occasionally. It does bother me that Amazon is the creator of zero hours contract low wage jobs but its really hard to avoid the low wage low cost economy. Amazon have been doing Amazon Prime for a while now. If you are not a regular user of Amazon you may not be aware of this premium service where you can get free delivery, next day delivery, movies, tv and music for a yearly fee of about £79. They also throw in some exclusive offers, discount days and almost anything that gets customers into the store. I have no problem with this subscription model and that it has made Amazon founder Jeff Bezos a load of money. Briefly, as the Amazon share price went up on 27th