57600+ entries in 0.015s
mircea_popescu: ie, if you buy a 1mn worth of widgets, 22% vat, and then you sell them, for 1.1mn, 22% vat, you will get back 220k worth of vat to offset your 242k obligation, leaving you with a 22k vat net payment on the .1mn you actually added.
mircea_popescu: BingoBoingo it's a VALUE ADDED tax. you get it back when you export.
mircea_popescu: i can't imagine brazil doesn't have something similar.
mircea_popescu: BingoBoingo the problem with vat is that yes it's fucking annoying. but on one hand it generally replaces tarriffs, ie contrary to how annoying it is it has a neutral delta (case of dun shoot the messenger) and on the other hand many jurisdictions offer credible solutions. eg, romania has no vat for corps under a certain threshold, which is why i have corps there.
mircea_popescu: trinque ^ that sound like sense ? "you get this rack for a year, to be paid $x every mon" ?
mircea_popescu: i expect the correct solution will be weekly payments on yearly contracts. otherwise we end up encouraging antieconomic behaviour.
mircea_popescu: meanwhile if you DO cash it out as you get it, you cash it out as you get it (missing out on a along with your customer).
mircea_popescu: b) btc goes to $1. you're now on the hook for the same 3.5k, but if you didn't change the BTC to cash as you received it, you have no way to cover for it. this possibility makes just like a, people not want to pay long term.
mircea_popescu:
http://btcbase.org/log/2017-11-15#1738811 << there's significant FX exposure in this scheme. consider the situations : someone pays you .6 BTC to whatever. a) BTC goes to 1mn usd ; he has now paid you 600k to do work worth 4k or so. this eventuality tends to discourage longer term payments.
☝︎ mircea_popescu: you just say "VAT". it can not be said, this word, by itself. it must be introduced, and retrospective half-ass, i'm not even gonna mention the % is rather infuriating.
mircea_popescu:
http://btcbase.org/log/2017-11-15#1738805 << see, this is the terrible habit of poor organisation. you don't say "VAT here is x%, and apparently can be avoided in so and so circumstances with so and so riders which works out to a minimum Y value past which it's worth doing".
☝︎ mircea_popescu:
http://btcbase.org/log/2017-11-15#1738804 << mno, you can't get both margins. either you put your whole cost structure into the bottom line, in which case you charge that ; or else you put your recurrents into the bottom line, charge *2 and amortize your fixed costs out of the 2nd part of that *2.
☝︎ mircea_popescu: (in other lulz : nigeria took over south africa to become africa's largest economy years ago).
mircea_popescu: oh wait, THEYRE JUST WORDS. and yet the usg socialist is not ==== the subsaharan retard. because... DIFFERENCE, just like FAMOUS. they'll give testimony on the difference!
mircea_popescu: somehow the african notion of "famous" does not preclude the need to "give testimony". wouldn't i already know about him if he were famous ?
mircea_popescu: in other lulz : "gerry john gerryjohn151@gmail.com 197.210.45.130 Submitted on 2017/11/14 at 11:16 p.m. HELLO EVERYONE I AM GIVING A TESTIMONY OF HOW I GOT RICH POWERFUL AND FAMOUS TODAY"
mircea_popescu: wer perhaps another user from before used the same nickname too << yes. someone else registered the nick, but didn't set enforcement on it. as a result you can use it (you don't get kicked by nickserv) but can't register it yourself. ask in #freenode if they're willing to move it over to you ; if not, find a diff name and register that.
mircea_popescu: BingoBoingo check out the wonders of mother nature! no need to quarrel!
mircea_popescu: mod6 aha! fucking hysterical. and it's a huge paper-bread franchise too, all over latam.
mircea_popescu: aaanyway. let's move to a diff topic lest i thoroughly depress myself.
mircea_popescu: wtf does he need the difference between surround-ing and surround-ant ? mordant is not a word, is it ?
mircea_popescu: has "a conception" of seasons. a sheep's notion of the world surroundant.
mircea_popescu: that's the great "progress" of agriculture : the shepherd's sheep were replaced by bypedal farmers.
mircea_popescu: farmer, like the sheep that he IS, merely follows the herd, and dies with it.
mircea_popescu: shall we now do the incomprehensible seed ? all the way to the witch doctors, just as good as medicine ?
mircea_popescu: nothing is ever signalled ; not even one way streets. because the local never ventures outside of spaces it knows, so doesn't need signals. why not ventures ?
mircea_popescu: you may, on a novel road, wonder if it's a dead end. i don't wonder that. i know it's a dead end. because no CONCEPTION of grid, see. it's not that they failed to implement it. it's that they don't realise such exists.
mircea_popescu: cuz it's a stretch of the imagination in a way not commonly required to stretch.
mircea_popescu: it can. hence, for instance, no roads here cross. they loop. dja even grok on your own what i fucking mean by this ?
mircea_popescu: you think, "how could mind exist, that fails to understand every plane has underneath system of coordinates".
mircea_popescu: dja understand, asciilifeform, what my bizarre address MEANS ? to you, it's just a curio. you readily fail to realise that the CAUSE of that is that local simply has no notion of cartesian space.
mircea_popescu: they both sow and reap in the same way the same things : incomprehensible seeds on uncomprehended space.
mircea_popescu: they both have the ~exact same notion. "follow group and moo."
mircea_popescu: subsistence african farmer is not subsistence african farmer "for lack of opportunities", but for subsistence farmer substance. whether in detroit or durban
mircea_popescu: the problem with "tide lifts all boats" is that where boat is comes as function of boat not function of "tides".
mircea_popescu: "years of infighting" ? what, over this week-old fart ?
mircea_popescu: idiots making progress forward can only be possibly used for oven stoking.
mircea_popescu: asciilifeform perhaps you don't know your own strengths.
mircea_popescu: from experience women that failed to make friends by the age of about 13 or so will never manage.
mircea_popescu: in other lulz, "sponsor" is how you say "dude paying for the rent" in slang of romanian student/whore (pitipoanca).
mircea_popescu: asciilifeform i have utterly no patience to listen to this kalman thing. i made it 13 minutes, but a) terrible snr and b) his voice is insufferable.
mircea_popescu: i know, that's why i linked. dood has all sorts of weird.
mircea_popescu: check her out, exporting 3 inch silicium monocrystals.
mircea_popescu: (this is 99% of what they did, even the z80 clones were intended for production line control, which it was hard to get one at home0
mircea_popescu: then they made automated coil makers, and various production line automatics
mircea_popescu: so, in 1962 they had germanium doped transistors. under ~license~ you get this, thomson csf.
mircea_popescu: ^ 20 acre compound in bucarest. started production 62.
mircea_popescu: you know ro made its own semiconductors. what exactly ?
mircea_popescu: the pacepa nutteries with assassinations etc -- footnote, if present. then, as now, ~nobody gave a shit.
mircea_popescu: anyway. between this, "tech spying" and a whole lot of coutnerintel and military wankery, you've 99% of ro activity in the cold war. the former half minor in the early part and growing monotonously to come to overshadow latter part by 70s.
mircea_popescu: like czechs exactly (another major source of soviet such needs)
mircea_popescu: asciilifeform romania was moar industrialized than the soviets, in this sense. had fine alloys. had fine mechanics, everything.
mircea_popescu: think -- the whole romanian section of ms/google etc was... in romania. that previous generation.
mircea_popescu: for one thing, 60s and 70s tech was not really advanced enough in this sense ; for the other, ro actually had better experts than the us had. just -- not enough of them.