887600+ entries in 0.627s
davout: no, i mean, will
the shares be created out of
thin air ?
davout: is
there any form of risk associated for MG ?
mircea_popescu: right
to acquire shares at specified price after specified date.
davout: i need
to re-read how
they are defined
mircea_popescu: technically speaking
they should be in
the accounts as
they're a materially different situation
than simply not existing
davout: yea, it's not "debt", guess i misused
the word :-)
davout: i'm not really sure about what you said earlier about
the warrants
davout: i'm not sure of
the nuance you're making here but if it's something saying
that
the shareholder can't simply knock on
the door and get
the nominal value of his share paid
to him
then i agree :-)
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
davout: capital is a liability
to
the shareholders
davout: operating capital would be something else by me, but
that might just be my english
mircea_popescu: that's nonsense, as
the shareholders aren't owed any btc.
davout: the way i define capital is "the debt
to
the shareholders"
davout: mircea_popescu: yea,
that was just me whining
mircea_popescu: ya well, i can't make 12 columns as i don't want
to
turn my blog into an aicraft carrier
davout: btw is
there any difference between "shareholders equity" and "capital" or are
they synonyms ?
davout: mircea_popescu: i'm more used
to have it presented in
two different columns but
the info is here
mircea_popescu: do you perhaps want me
to add charges for
the warrants
too ?
thestringpuller: mircea_popescu: you made me use a credit
to refresh
the page
davout: thestringpuller:
they all bleed a bit
the first
time you know
davout: mircea_popescu: don't you already pay someone for
this ?
davout: mircea_popescu: when did my additional
table
turn into 500 pages ? :-)
mircea_popescu: i don't
think 500 page reports are actually useful in btc atm
davout: take your accounts list, add a column,
toss
the capital on
the right side, poof, sums
to zero
mircea_popescu: davout well
the best
that has it all is
the 500 page ifrs
davout: the best is
to have it all
davout: no, because you put it in front of
the capital
mircea_popescu: okay. i kinda have
to ditch
the start/change/end format
then,
davout: mircea_popescu:
take your accounts list
davout: mircea_popescu: something
that sums
to zero is, and has always been
the easiest
thing
to check
mircea_popescu: davout you figure
turn
the present "accounts"
thing into more of a normal balance ?
thestringpuller: but fat chicks are kinda good in bed if
they aren't
too fat
davout: thestringpuller: i
tell my friends i don't like fat chicks
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.
davout: mircea_popescu: i
think an assets/liabilities is quite useful, i
think it gives a quite synthetic and understandable picture of
the situation, it is expected by people who are used
to accounting, and is easy enough
to understand for anyone who has any business reading financial statements anyway
mircea_popescu: davout cause i figured
this is much shorter, easier
to read and easier
to comprehend by even moderately literate business ppl.
davout: mircea_popescu: why don't you present
the usual assets/liabilities balance sheet in addition
to
the cash flows and accounts list ?
thestringpuller: you play it for 2 hours get your fix and
then shake in
the corner
mircea_popescu: well
the wow
too, but from wow i didn't expect anything
mircea_popescu: they both sucked, imo. quit before
they opened for public
mircea_popescu: thestringpuller i was invited in
the beta of eq2 and wow -
they came out about
the same
time
mircea_popescu: so will be various means of
transportation (roads,
teleports, what have you)
mircea_popescu: well actually,
the idea is all
towns will be player made/controlled
imsaguy: the only
trading with an orc you do is once its dead.
imsaguy: one does not
trade with orcs
mircea_popescu: but if you want
the nice sword
the orcs have either you
trade with
them
imsaguy: wtf is
this?
the foodnetwork game?
mircea_popescu: most of
the game content will depend on
the playerbase in-game building
towards it.
thestringpuller: mircea_popescu: so how will players build
things? as imsaguy alluded
to,
the crafting...
mircea_popescu: so apparently
the forum has a hole in it allowing acct hijacks
imsaguy: thestringpuller: hey assmuch,
there are a lot more games
than left4dead
that have zombies.
thestringpuller: get
the fuck out of here with
that left 4 dead shit imsaguy
imsaguy: but will
there be blocks out of which we can build
things?!?!
thestringpuller: what you'll have is stuff appearing in
the code you never
thought could exist
mjr_: i would "recommend" reading REAMDE, it
talks a lot about such
things and I hope
this becomes something like
that
mjr_: and i
think you are doing
that
mircea_popescu: probably
taken
to extremes as players will be able
to create
their own code/gfx etc
too