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mircea_popescu: so stop trying to trade that shit for bitcoin and nobody cares about your id anymore.
mircea_popescu: heh. not list the locations. these people just won't fucking learn what open means already
mircea_popescu: "We have temporarily limited transactions in some locations, and we apologize for the inconvenience. "
mircea_popescu: <bitcollapse> and bitinstant is now nothing more then a bad paypal it requires absurd ID requirements <<< details ?
mircea_popescu: yeah. so you know... accounting gotta meet internet at some point.
mircea_popescu: if i do guarantee usage it makes no sense to pretend im paying monthly, and it actually helps his cash flow a ton to pay him upfront
mircea_popescu: if i don't guarantee usage the provider won't open new boxes of gear for me.
mircea_popescu: wherein all sorts of weird constrainsts operate. like, nobody wants used gear. everyone wants to own geaer. nobody wants to pay for anything.
mircea_popescu: yeah but the shit is, hosting is this complex fucking industry
mircea_popescu: for a number of reasons. i just don't think they actually work.
mircea_popescu: now, i agree this is at least attackable from a "standard accounting" perspective,
mircea_popescu: what's the value of the company next month ? 50 + whatever it fished or 50 + whatever it fished + 50 * 11 / 12 ?
mircea_popescu: well let's look at it. company has 100 btc. it buys "the right to use a boat for 1 year" for 50.
mircea_popescu: tyvm. i'm trying to reinvent the wheel deliberately. both gaap and irfs suck.
mircea_popescu: as to the relevance :it's not just taxes. why should a shareholder that buys now get the benefit of an arbitrary charge for 1 year ?
mircea_popescu: one of the reasons im doing this is to sound out some sort of accounting/reporting scheme for nonzero asset companies
mircea_popescu: it matches the amortisation just whine what are you whining about!
mircea_popescu: these btc can't be taken as a one time charge, as they reflect a multi-period thing
mircea_popescu: well in this sense the house you own is not "yours" as you only have fee simple on it.
mircea_popescu: davout yes it would be, at the cost of making a more extensive account plan than "cash", "type 1" and "type 2"
mircea_popescu: some others do not or not necessarily. these are intangible.
mircea_popescu: the rationale behind that separation between "tangibles" and "intangibles and goodwill" was that some items have a resale value. these are tangible.
mircea_popescu: so i have a special knapsack where i keep the 0 value items ?
mircea_popescu: actually... they probably end up sold to the government
mircea_popescu: they go on to run shared servers or w/e loosened out boxes do in this life.
mircea_popescu: benkay yeah. because i don't want to be stuck with one year odl boxes.
mircea_popescu: that sounds a little nutty. what's leasing in this approach ?
mircea_popescu: and if you liquidate in 6 months you have a server worth x/2
mircea_popescu: because if you liquidate today you have a server worth x
mircea_popescu: if its after a full period it can;'t be reported in the respective period
mircea_popescu: because i'm of the school that the respective charge belongs in month 2 and is reported in month 2
mircea_popescu: actually let's switch back to english, ppl will be trying to translate your frogspeak for no avail
mircea_popescu: then B brings 100 btc in, gets his 100 shares, and now a 300 btc corp is divided to 200 shares
mircea_popescu: simple example : A and B meet to make a fishery. A contributes 100 BTC gets 100 shares, B is going to fish, gets 100 sws at 1.
mircea_popescu: if share value doubles management realises half that gain, investors the other half
mircea_popescu: so the issuing of sws to managemend hedges against this situation you described
mircea_popescu: now what's management to hedge re its 10 issued shares ?
mircea_popescu: ok. company A has 100 shares issued, of which managwement owns 10. company A has 100 shares issued as sws to mnanagement
mircea_popescu: well... one of the advantages of management getting ssws in the first place.
mircea_popescu: management holds a shitton of warrants in the first place
mircea_popescu: this has to be accounted as this is the point of accountingh
mircea_popescu: it could be argued that a company with issued sws is worth less than the same w/o having issued them
mircea_popescu: there may be nothing to provision in that perspective, however,
mircea_popescu: whenever they come due they just issue more dollarsd and pay
mircea_popescu: basically, the us govt bonds are in fact us govt stock warrants