gerbler (u/gerbler) - Readit News

gerbler commented on The strange case of Britain’s demise economist.com/britain/202... · Posted by u/sph

Ireland's prosperity is built on a house of cards to do with low corporation taxes. I wouldn't be surprised if Ireland faces serious economic challenges and maybe even decline in coming years as governments are getting increasingly serious about not allowing corporations to only register profits in overseas jurisdictions with low tax rates.

gerbler · 3 years ago

It was the initial incentive, but it's the only English speaking country in the eurozone (aside from Malta) and there's a huge number of companies who have massive capital investments (pharma/biomedical). Now there's a very active tech scene, it's tightly linked to the US so it actually feels quite sustainable.

gerbler commented on The strange case of Britain’s demise economist.com/britain/202... · Posted by u/sph

raincom · 3 years ago

Low corporate taxes on profits made NOT in Ireland--a special name for it: The double Irish Dutch sandwich

gerbler · 3 years ago

This was true, it no longer exists

gerbler commented on Exclusive satellite images show Saudi Arabia's sci-fi megacity is well underway technologyreview.com/2022... · Posted by u/t23

enriquto · 3 years ago

There does not seem to be anything "exclusive" about these images. They look like regular worldview 3 images that anybody can buy.

From TFA:

> The strange gap in imagery raises questions about who gets to access high-res satellite technology. And if the largest urban construction site on the planet doesn’t appear on Google Maps, what else can’t we see?

This is ridiculous. Commercial satellite images are sold everyday to thousands of buyers. You only need a credit card. Google maps is just not updated immediately with all these images that people buy.

I'm surprised at the low quality of these MIT "reporters".

gerbler · 3 years ago

Spot on

gerbler commented on Meta’s Adversarial Threat Report, Third Quarter 2022 about.fb.com/news/2022/11... · Posted by u/holdingunsteady

gerbler · 3 years ago

I don't know what to expect exactly, but these numbers seem quite small. Wonder if bad actors are moving to other channels

gerbler commented on Twitter to employees: all office buildings closed, badge access suspended twitter.com/zoeschiffer/s... · Posted by u/minimaxir

joshstrange · 3 years ago

A top reply [0] that Elon replied to:

> Elon, there's a bunch of us in SV who will come up tonight to help on the infra side to keep the site up.

> If you need help just ask.

As if you could just drive over to the Twitter HQ, grok how all the infrastructure works, and make/provide meaningful contributions/tweaks/upkeep.... tonight

That's either a level of delusion that I can't imagine and/or someone who has no idea what they are talking about. I also can't imagine carrying water for or "simp-ing" for a billionaire, especially one who treats people so terribly (this "work yourself to the bone or resign" ultimatum was one of the more disgusting things I've seen in tech, I'm appalled at the people defending it as some genius move).

Really I feel bad for the people who have no choice but to stay at Twitter, the H-1B's and the like. The brain drain is going to be (/already has been) massive and all that will be left are the people who have no choice, can't find a better/different job, or are true sycophants. None of that makes for a healthy work environment and isn't conducive to making good products.

[0] https://twitter.com/MichaelGuimarin/status/15934156421110456...

gerbler · 3 years ago

Hahaha. Even better, the twitterer specializes in digital detoxes (a worthy cause, but counter to Twitter's goals). Maybe his secret plan is to turn down services in a volunteer capacity

gerbler commented on Tim Berners-Lee: Web3 is not the web cnbc.com/2022/11/04/web-i... · Posted by u/TangerineDream

chrisco255 · 3 years ago

Multisigs, permissionless lending, decentralized data storage, automated market makers, social protocols, exchangeable token based authentication, digital content ownership, digital rights management, etc. All of these things already exist on the platform.

Feel free to do some research if you have an open mind: Gnosis Safe: https://gnosis-safe.io/ Uniswap: https://app.uniswap.org/ Lens: https://www.lens.xyz/ Lit: https://litprotocol.com/ GMX: https://gmx.io/#/ Filecoin: https://filecoin.io/ Arweave: https://www.arweave.org/ Aave: https://aave.com/ USDC: https://www.circle.com/en/usdc

There's over $100B in USD backed currency alone on the Ethereum blockchain. It's programmable, liquid, exchangeble 24/7, interacts with thousands of smart contracts, and increasingly will be used for day to day commerce in addition to financial investment applications.

You are pseudo-anonymous on Ethereum. It's free to spin up new accounts and you can always fund them from a centralized exchange if you want Paypal-like privacy. Even then, there are solutions in the works for privacy:

https://aztec.network/

Cheers.

gerbler · 3 years ago

>Aztec is on the cutting edge of zero-knowledge SNARK development. Built on PLONK — the paradigm-defining universal zk-SNARK used by leading zero-knowledge projects like Mina, Dusk, Zcash, and zkSync.

I have an open mind about this area and a technical background. I really struggle to understand what any of this means and what I can use it for. My experience with cryptocurrency (paying for things) has been challenging. As the whole ecosystem is very fragmented it's hard to know what to explore.

gerbler commented on Michael Crichton’s and John Grisham’s ambition types calnewport.com/blog/2022/... · Posted by u/1123581321

gerbler · 3 years ago

Comparing their personal lives is also interesting - Crichton, married 5 times, Grisham married once.

Not morally judging someone for getting divorced, but I suspect such an ambitious life (Crichton) left little room for personal relationships.

gerbler commented on Meta stock price drops more than 20% google.com/finance/quote/... · Posted by u/derwiki

ksala_ · 3 years ago

Totally depends on the state. In Ireland you don't pay anything when the stocks are granted to you (you're promised X stocks in Y months), you pay income tax (PAYE) on them when they vest (you receive the stocks) and then you pay capital gain tax (CGT) on the gains (sell price - vest price) when you sell them.

Example: you're granted 1 share today to vest in 1 year. In 1 year the share is worth 100, it vests and you pay PAYE in this (it can either come from your salary, or by selling the stock). If the stock rise to 150 and you sell it after, you pay CGT on 50.

gerbler · 3 years ago

This isn't correct. You pay CGT on the difference between grant and sale

The one loophole is to sell with 4 weeks, that is CGT exempt.

gerbler commented on Meta stock price drops more than 20% google.com/finance/quote/... · Posted by u/derwiki

time_to_smile · 3 years ago

This would only matter if your stock immediately shot up the moment it vested. All the growth during vesting is taxed as income at the time of vesting.

Capital gains only covers the value increase over the year you hold the stock after its vested.

If you work at META, and then immediately on vesting diversify and don't touch the stock for a year you'll reap the same capital gains benefits but with a diversified portfolio.

You also have a wide range of defensive strategies you can apply that you can't if you're locked into trading windows. Say a META employee was very bullish on FAANG in general and at vesting put all their money in GOOG. If they were nervous about this week's earnings they could have either closed their position to see what happens, or bought defensive puts to lock in a maximum loss. Had they instead chosen to hold META they would have neither of these options.

There are cases for recently IPO'd companies where you vest then have a potentially 6+ month lockout period for trading. In those cases it can make sense , provided you have seen substantial gains in that lockout period to keep holding for tax reasons.

gerbler · 3 years ago

This is country specific. The stock grant price and the vest or sale price are used in my country to assess gains, so you still have capital gains to pay even if you sell right after vesting

gerbler commented on Global media ask what's happened to Britain bbc.co.uk/news/uk-politic... · Posted by u/open-source-ux

origin_path · 3 years ago

You're confusing educated with "educated". Proximity to the university system breeds pro-EU attitudes because the EU enforces a similar ideology in Europe to that found in universities. There's however plenty of people who are educated in the sense of having knowledge, skills, but who aren't close to the university system, who dislike the EU and voted against it.

Arguably the practice of conflating university degrees with education is harmful. Increasingly universities seem to focus on anything but education.

gerbler · 3 years ago

>Proximity to the university system breeds pro-EU attitudes because the EU enforces a similar ideology in Europe to that found in universities

That's an interesting claim - do you have evidence to justify it?

Not disagreeing entirely that degree holders benefit from EU membership based on the type of work degrees lead to, but in reality so do people without degrees if the economy is growing. There's really no economic argument for leaving the EU; it seems like it was purely ideological.