asciilifeform: mircea_popescu: we don't have sql in there now. this was re: the notion of using sqlite.☟︎
asciilifeform: 'if two trains meet one another on a track, neither shall move until the other has passed.' (supposedly from a 1880s american state law)☟︎
asciilifeform: 'The Internal Revenue Service levied taxes on some employees when their Good stock was still considered a valuable asset and worth multiples of what they actually received. One person’s tax bill came to more than $80,000, while another paid more than $150,000....'
asciilifeform: punkman: i'm actively de-sqlite-ing a 'small' and - seemingly - reasonable - use case as we speak
asciilifeform: '...a private company with a valuation of more than $1 billion. The high valuation increased the paper value of employee shares — and thus the income tax bills levied on their stock when they received the stock grants, or when they bought and sold shares. To pay those taxes, some employees emptied savings accounts and borrowed money.'
asciilifeform: he board’s preferred stock was worth almost the same as all 227 million common shares outstanding.'
asciilifeform: 'Investors and executives generally get protections in a start-up that employees do not. Many investors have preferred stock, a class of shares that can come with a guaranteed payout. Executives frequently get special bonuses so they will not leave during deal talks. ... In contrast, start-up employees generally own common stock, whose payout comes only after those who hold preferred shares get their money. In Good’s case, t
asciilifeform was not there, cannot vouch for the truth of this tale
asciilifeform: was primitive pubkey signature machine.
asciilifeform: it sucked pretty hard, by his own admission, but he insists that it saved ru central bank from total annihilation (plague of fake transfers in the '90s by chechens)
