VIN • Join the Australian Bitcoin Industry Body (ABIB) • @AusBTCIndBody | @Bitcoin_Sydney | @thebtcadviser | @shopbitcoinaus | @btcmediawatch
Sydney, Australia
Joined October 2009
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- Following1K
- Followers2.4K
- Likes10.6K
If we’re not represented, why would the rules change in our favour?
I joined Anja on The Honest Money Show to discuss ABIB’s work, Bitcoin mining and energy, privacy, banking access, and how you can get involved.
A better future for Bitcoin in Australia needs us showing up.
We released a special, bonus episode with @bayanimills, CEO of @AusBTCIndBody to discuss advocacy for a sound Bitcoin policy in Australia.
We cover:
🟠 What Canberra really thinks of Bitcoin
🟠 The energy angle that gets politicians listening
🟠 Why Australia’s Bitcoin miners keep quiet
🟠 How regulators pushed investment overseas
🟠 Why showing up beats complaining
🟠 AML/KYC and who really controls access to money
🟠 A retail CBDC pitch within five years?
🟠 How you can get involved with ABIB
And why the RBA says it has “no position” on Bitcoin, yet keeps writing about it.
Listen to the full episode now, share it with someone who should hear it, and get involved with @AusBTCIndBody.
Policy changes when people show up. 🧡
YouTube: youtu.be/a-QT5flYhfQ
Fountain: fountain.fm/episode/TpXzJR8T…
Spotify: open.spotify.com/episode/71u…
Never waste a Watt.
Curtailing electricity generation can come at an enormous cost, particularly when generators are compensated for switching off. In Australia as in the UK we need to be turning surplus electricity into productive economic activity, not simply waste the opportunity. Bitcoin mining and data centres can help, particularly where operators can increase consumption when electricity is abundant and reduce it when the grid is under pressure. Australia should be attracting investment in flexible, energy-intensive industries that create jobs, utilise existing infrastructure and improve the economics of our electricity system.
Let's turn surplus megawatts into economic opportunity 🇦🇺
You’re going to see more of the crypto and banking industry’s labelling move away from “Stablecoins” and towards Digital Dollars, Digital Currencies, and “digital cash”.
Bayani Mills • Vires In Numeris retweeted
On this day in Bitcoin history, 5 October:
Bitcoin's first value was based on the cost of the electricity needed to mine a single coin. With minimal computing power required at the time, that value was set at just US$0.001.
For bitcoin to become money. for the Muggles, it requires Bitcoiners to not be afraid to speak about bitcoin.
Be anti-fragile.
What will it take to remove the stigma around Bitcoin in Australia? I think it starts with visibility... more everyday people speaking openly about it.
Thank you to @powerclubglobal for sharing this clip, and to @missteencrypto and @GraceRemiTV for the laughs off air. 😁
I'm grateful to the beautiful people from @Btcjourney21, who I had only just met but who showed up to support me on stage. And to @JP_Technology, thank you for calming my nerves.
It feels like we're close to that shift. 🧡
Vires in Numeris
Bitcoin mining has been a long-time available solution to a range of different energy infrastructure and environmental problems in Australia.
Over that time, much of the talent and experience that could have been working here to address them, has gone overseas.
This has meant that for a decade, Australia has missed out on:
• being able to lower methane emissions
• the ability to build out energy infrastructure faster
• reducing in the cost of energy to consumers, and
• mitigating the impacts of datacentres on grids.
Is Australia past the point of no return?
Perhaps not.
Some of the recent regulatory consultations is well overdue, but better late than never.
We look forward to this new found enthusiasm for developing the grid rather than constraining it, and to how the Bitcoin Mining Industry can support its build out for all Australians.
Want to support what we do?
Join us.
Vires in Numeris.
… $1.6bn in fees did not vanish.
In fact, merchants have in recent weeks been advise that their fees are going up.
Four parties take a slice of every card payment.
The merchant pays one bundled merchant service fee (MSF) to its acquirer, which then pays the others.
Who gets what:
1. Issuing bank (interchange).
The customer's bank. Paid by the acquirer on every transaction. From today, consumer credit is capped at 0.3%, down from 0.8%, and debit at 8 cents or 0.16%, down from 10 cents or 0.2%. Regulated.
2. Card network (scheme fees).
Visa, Mastercard or eftpos. Charged to both the issuer and the acquirer, with the acquirer side passed to the merchant. Covers the rails, rules, brand and authorisation. Not capped, only subject to disclosure.
3. Acquirer / PSP (margin).
The merchant's bank or provider (CBA, Westpac, Square, Tyro, Stripe). Covers gateway, terminal, settlement and support. Whatever's left after the first two. Not capped.
4. Gateway / terminal fees.
Sometimes separate, often bundled into the acquirer's rate.
The assessment was simple.
The regulatory, compensation, reputational and operational downside of CBA allowing automated payments that may later becomes part of a scam complaint is much greater than the commercial downside of making a relatively small group of exchange customers manually initiate each payment.
You have to decide if you want to hold the exit door open, if you continue looking around for another exit, or if having the exits shut is acceptable to you.
But you have to device, in the meantime, a decision is being made without you.
Bayani Mills • Vires In Numeris retweeted
A Lannister always pays his debts…
“The United States can pay any debt it has because we can always print money to do that”
They will, right up until the world understands that they can’t.
And when America sneezes, the world catches a cold
That’s Gazoontite
They can close the banks, they can close the roads.
They can stop the wagons and inspect the loads.
But you can't stop a whisper travelling down the wire.
And you can't seize a memory or set a thought on fire.
“I believe I have a good understanding of how bitcoin incentivises methane abatement”
85%True
15%False
20 votes • Final resultsMy agent told me my Bitaxe temp was getting up there.
So now, it is automatically adjusting variables to seek out the most efficacious settings within a generous safe temp window.
🤷♂️
Thanks for having me on! 🫡
ABP | EPISODE 121 | THE KYC REVOLUT/ION feat. special guest @bayanimills from @AusBTCIndBody 🟧
🎧 australianbitcoinpodcast.com
Topics Discussed:
- White Knight Liquidators
- Revolting Revolut Request
- Smaller Quantum Targets
- Rules Rules Rules
- Unrequited Data Centres
- Heaps More
Meet a Bitcoiner IRL: australianbitcoinpodcast.com…
Save Yourself. Buy Bitcoin from HardBlock. 🟧
Want to advance bitcoin in your state?
Join us.
🤝 ABIB is volunteer-led, and we're looking for help.
Open role: State or Territory Lead
Represent ABIB in your state or territory: coordinate the local community, run meetups and surface regional advocacy.
More roles: bitcoinindustrybody.org.au/a…
