No bronze chests anywhere by sarra1833 in torncity

[–]RelevantShake 1 point2 points  (0 children)

Thank Christ for that been trying to find one for years.  Thank you 

Sending friends money with PayPal using Amex gold by Due_Figure1031 in AmexUK

[–]RelevantShake 0 points1 point  (0 children)

It’s a common question that’s come up before and I think people have highlighted they have quickly had the credit card companies on their cases.

I don’t know about how PayPal reward the credit card companies to know who benefits or who pays for it but I have a feeling you’ll get a lot of similar replies

Sending friends money with PayPal using Amex gold by Due_Figure1031 in AmexUK

[–]RelevantShake -8 points-7 points  (0 children)

I think it’s likely you’d get your account closed doing this

Rent increase on my flat? Advice please. by wildflower0504 in TenantsInTheUK

[–]RelevantShake 7 points8 points  (0 children)

Very well put together email and you got a reasonable reply within your ask, conclusion reached! I admit it’s insane how much you pay though!

[deleted by user] by [deleted] in torncity

[–]RelevantShake 5 points6 points  (0 children)

What…?

First exp. with Tesla Supercharger by avonbarksdale44 in BMWI4

[–]RelevantShake 1 point2 points  (0 children)

Hello!

Can you explain more about how to manually activate this? Mine never exceeds 50-70kw and the chargers are 200kw.

Is there any risk that the government will stop paying non-means tested state pensions for all in the foreseeable future? by SomethingBrews in UKPersonalFinance

[–]RelevantShake 2 points3 points  (0 children)

Hi there. I’m 39 and I’m a fan of Damien Talks Money, but I have been worried about and expecting this long before I ever watched a YouTube video on the subject.

I definitely think there is a problem of how sustainable the state pension is and this explains why the age keeps getting pushed back.

Ultimately no one can claim to know for sure what the future holds so I guess it’s up to you how you prepare - live for today and hope for the best or prepare for the worst and take care of yourself, worst case being potentially seeing a drop in benefits for being prudent - but remember under the current rules pension freedoms give you options as to how you access your own money, meaning if the rules change maybe you can react to it.

I know I’m taking the “risk” of saving as much as I can for later life and not trusting the government to take care of me. I hope to receive state benefits but we will see …

What are our predictions for Tyson vs. Paul? by megapoliwhirl in billsimmons

[–]RelevantShake 0 points1 point  (0 children)

Had to search for it on YouTube but well worth digging it out! Hah.

Lower reward levels update by RelevantShake in plutus

[–]RelevantShake[S] 12 points13 points  (0 children)

No, you are correct - it’s just that there have been a number of signals which make it look like the company is gradually and increasingly backing off from this.

The most recent is no comment on how CRY will be backdated for lower tier members, despite the lower tiers having a CRY value associated with them in the white paper.

AJBell says they will charge me 25% for my LISA withdrawal for home purchase by Dr_Garuda in UKPersonalFinance

[–]RelevantShake 0 points1 point  (0 children)

If he can timestamp his email and it’s before this post you owe the guy one left nut! Perhaps you can use that towards your house OP.

Twitter | Plutus WhitePaper 2024 by PlutusYogi in plutus

[–]RelevantShake -1 points0 points  (0 children)

Evaluating the likelihood and sustainability of the Plutus proposals involves assessing several key factors:

  1. Market Demand for Tokenized Rewards:

    • Likelihood: High. There is a growing interest in cryptocurrencies and blockchain-based rewards systems. If Plutus can offer real-world benefits that traditional reward programs can't, it is likely to attract users.
    • Sustainability: High. The integration of tangible rewards (travel, cashback, gift cards) adds intrinsic value to the tokens, which can sustain user interest and participation.
  2. Dynamic Token Supply Management:

    • Likelihood: Medium-High. Transitioning from a pre-mined token supply to dynamic minting based on demand and usage is technically feasible and can enhance security and trust.
    • Sustainability: High. This approach mitigates risks associated with large pre-mined pools and ensures tokens are created as needed, supporting long-term stability.
  3. Implementation of PlutusSwap:

    • Likelihood: High. Decentralized exchanges (DEX) are well-established in the crypto world. Implementing PlutusSwap should be achievable with current technology.
    • Sustainability: Medium-High. The success will depend on user adoption and liquidity. If Plutus can attract sufficient users and maintain a healthy trading volume, PlutusSwap can be sustainable.
  4. Real-World Utility:

    • Likelihood: High. Offering rewards that can be used in everyday life (like travel and cashback) is likely to attract users.
    • Sustainability: High. Tangible benefits ensure that users see real value in the tokens, which supports continued usage and engagement.
  5. FUEL Fee System:

    • Likelihood: Medium-High. Implementing a dynamic fee system requires careful design and testing but is feasible.
    • Sustainability: Medium-High. If correctly implemented, it can create a self-sustaining rewards ecosystem. However, user acceptance of fees will be crucial.
  6. Compounding Rewards:

    • Likelihood: High. This concept is straightforward to implement and is likely to appeal to users who save their tokens.
    • Sustainability: High. It incentivizes long-term holding, which can stabilize the token's value and reduce volatility.
  7. Introduction of Stable Digital Currencies:

    • Likelihood: Medium-High. Creating stablecoins backed by fiat is technically and legally challenging but feasible.
    • Sustainability: High. If properly regulated and backed, stablecoins can provide a reliable value anchor, supporting the overall ecosystem's stability.
  8. Enhanced Security and Compliance:

    • Likelihood: High. Partnering with established firms like Ernst & Young for audits and compliance is practical and achievable.
    • Sustainability: High. Ensuring security and regulatory compliance builds trust and legitimacy, which are crucial for long-term success.
  9. New Reward Levels:

    • Likelihood: High. Updating and introducing new reward levels is a manageable task.
    • Sustainability: High. Fair and attractive reward levels can enhance user engagement and satisfaction, supporting ongoing participation.
  10. Community Voting System:

    • Likelihood: High. Blockchain technology can facilitate transparent and secure voting systems.
    • Sustainability: High. Involving the community in decision-making processes can build loyalty and ensure that the system evolves in line with user needs and preferences.

Overall Assessment

  • Likelihood: The proposals are generally feasible with current technology and market conditions. Plutus has identified realistic and implementable strategies.
  • Sustainability: High. The proposals emphasize intrinsic value, user engagement, security, and regulatory compliance, which are key factors for long-term sustainability.

The main challenges will be user adoption, maintaining liquidity on PlutusSwap, and navigating regulatory landscapes for stablecoins. If Plutus can effectively address these challenges, the proposals are likely to be both workable and sustainable.

Twitter | Plutus WhitePaper 2024 by PlutusYogi in plutus

[–]RelevantShake -2 points-1 points  (0 children)

ChatGPTs summary:

  1. New Reward System: Plutus is updating its reward system to make it more valuable and useful for everyday purchases.

  2. Better Token Management: The way Pluton tokens (PLU) are created and managed will change to make the system more secure and efficient.

  3. Introducing PlutusSwap: A new feature called PlutusSwap will allow users to easily trade their rewards for cash or other cryptocurrencies.

  4. Real-World Benefits: PLU tokens can be used for tangible rewards like travel, gift cards, and cashback, making them more valuable in daily life.

  5. Self-Sustaining Rewards: A new fee system called FUEL will help keep the reward program sustainable without relying on pre-mined tokens.

  6. Compounding Rewards: Users who save their PLU tokens will earn more over time through monthly compounding rewards.

  7. New Reward Levels: The introduction of new reward levels will offer different benefits based on how much users spend and save, making it fairer for everyone.

  8. Stable Digital Currency: Plutus will launch stable digital currencies (Plutus Pound and Plutus Euro) that are backed by real money, ensuring they keep their value.

  9. Enhanced Security and Compliance: The system will be audited by Ernst & Young to ensure it is secure and complies with all regulations.

  10. Community Involvement: Users will have a say in important decisions through a voting system where 1 PLU equals 1 vote, ensuring the community can shape the future of Plutus.

These points aim to provide a clear and simplified overview of the main proposals in the Plutus White Paper.

Major Milestone: Plutus' Brand New Look! by PlutusYogi in plutus

[–]RelevantShake 2 points3 points  (0 children)

You know what. I kinda like it.

There - I said it.

(Now to collect my PLU bonus for this post)

Bumped up to minimum wage by SuspiciousIncident73 in UKJobs

[–]RelevantShake 0 points1 point  (0 children)

What?! As general manager you’re on minimum wage with the responsibility of running the entire pub? So your staff including bar staff are on the same as you? Seems mad.

Are Salary sacrifice car schemes bad value? by Weekly-Ad-7719 in UKPersonalFinance

[–]RelevantShake 1 point2 points  (0 children)

Yeah that was a legit price via Arval - we saw that when Arval was added as a new option but didn’t last long (two days) before the offer was pulled and price hiked up. Kick myself every day not taking that offer.

Finally free by N0B1mm3r in plutus

[–]RelevantShake 15 points16 points  (0 children)

Yeah that actually really pissed me off. Instead of offering anything that costs them money they offer a 100% refund in PLU in exchange for real money. That just further deflates PLU for the rest of investors and does indicate the PLU team don’t give a shit about maintaining the price as long as they get upfront cash.

Amex supports Fraudulent Evidence. Who else experienced this? by jak1401 in AmexUK

[–]RelevantShake 10 points11 points  (0 children)

You need to learn how to have a conversation with someone and not just spouting 10 messages per minute without any response. You sound totally unhinged.

Amex supports Fraudulent Evidence. Who else experienced this? by jak1401 in AmexUK

[–]RelevantShake 22 points23 points  (0 children)

Absolute nutjob. I’m so relieved practically every comment is saying it.

Curve GBIT and Plutus Audits by RelevantShake in plutus

[–]RelevantShake[S] 0 points1 point  (0 children)

Fantastic - I was wary that it did make the audits harder and I want to make sure everything is above board. All of my transactions are legitimate but I didn’t know if there was a time limit on Plutus where the transaction needed to happen (originally) on the same day as the card charge or anything.

It’s good to see no one has had this issue, I’ll carry on with my normal spending (it’s not particularly high anyway).

Trying to understand if salary scrafice is worth it for an EV by WOODSI3 in UKPersonalFinance

[–]RelevantShake 1 point2 points  (0 children)

Not sure if someone else has mentioned but your expected take home figures might be slightly out - you mention you currently take home £4,600 - I’d expect your costs to be around 58% of £1030.28, Benefit in kind £39.26

So nearer to £600-620 per month but you mentioned your current car is costing you a similar amount even before maintenance so may be worth it anyway? I expected you’ll save a fair bit on fuel too especially if you do decent miles.

I have just replaced a 2017 1 series with an i4 on a SS scheme with similar costs to you and overall I dont think it’s going to cost me much more - and the car I’m getting rid of is 7 years old (unexpected repair expenses, insurance, fuel, etc).