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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
mircea_popescu: the only catch is that the par value of that share by then MAY be higher
mircea_popescu: bought at the price. having a warrant for 1 share at 1 btc means you pay 1 btc get the share
mircea_popescu: right to acquire shares at specified price after specified date.
mircea_popescu: exactly HOW you account for outstanding warrants however...
mircea_popescu: technically speaking they should be in the accounts as they're a materially different situation than simply not existing
mircea_popescu: the distinction comes fromwhether you can claim to be given THE lost sheep, or A sheep in place of THE sheep.
mircea_popescu: in the simplest translation of common law that even a napoleonic lout might get, they don't have tyhe right to THAT capital. just to something equivalent, as practicable.
mircea_popescu: basically the shareholders have no title claim to the capital they put in
mircea_popescu: that's nonsense, as the shareholders aren't owed any btc.
mircea_popescu: ya well, i can't make 12 columns as i don't want to turn my blog into an aicraft carrier
mircea_popescu: do you perhaps want me to add charges for the warrants too ?
mircea_popescu: i don't think 500 page reports are actually useful in btc atm
mircea_popescu: davout well the best that has it all is the 500 page ifrs
mircea_popescu: okay. i kinda have to ditch the start/change/end format then,
mircea_popescu: davout you figure turn the present "accounts" thing into more of a normal balance ?
mircea_popescu: the numeric application is only there to make the point
mircea_popescu: if we agree it makes no sense to spend over 100 btc then i want something like 10%
mircea_popescu: it's negotiable in the following sense. you have a game which we suppose agree took 1k btc to make. if we agree it's sensible i spend 1k btc pushing it then i expect half the revenue.