I ask because this book was written in 1890 and i dont know if most of his theory holds up today.
An explosion in the growth of crypto networks vying to take market share from Ethereum is unlikely to threaten the dominance of the world’s most used blockchain, according to Joey Krug, co-chief investment officer at digital-asset investment firm Pantera Capital.
“If you roll the clock forward 10 to 20 years, a very sizable percent, maybe even north of 50%, of the world’s financial transactions in some way, shape or form will touch Ethereum,” Krug said in an interview.
Ether, the native currency of Ethereum’s platform, sits among Pantera Capital Management LP’s top three positions across funds, according to Krug. The token is the second largest by market value after Bitcoin. Pantera is one of the earliest digital-asset investment firms and ranks in the top five of crypto-focused funds with $5.8 billion in assets.
Critics of Ethereum say it has expensive fees and slow transaction speeds as traffic crowds the network. Add-ons, known as layer-2 networks, have emerged as fixes but can be complex to use, or have other disadvantages.
So-called “ETH-killers” have gained traction with developers who use blockchain technology to build so-called decentralized finance, or DeFi applications. The namesake coins of some networks rose in returns along with use, including Solana and Polkadot. Those coins surged about 7,000% and 150% respectively over the last year even with the recent downturn in many token prices, according to data tracker CoinGecko.
Ether had a breakthrough year itself in 2021, hitting a record high while soaring almost 400%. That came on top of a gain of almost 500% the prior year, and has rekindled speculation that it could one day surpass Bitcoin, which currently has about double the market value of Ether.
Krug, an early DeFi developer, believes competitors will eventually rely on Ethereum as a base, assuming that the blockchain successfully switches to proof-of-stake: a method of validating transactions that is promoted as being more efficient and environmentally-friendly than the current proof-of-work system.
“There’s too many trade-offs other chains are making that Ethereum is not making on the decentralization side that are pretty important,” Krug said, noting security concerns. “I don’t know if they’re best suited to be the new global financial settlement layer.”
Pantera is headed by Dan Morehead, a veteran Bitcoin investor, who was an executive at Julian Robertson’s Tiger Management earlier in his career.
Grayscale Investments’
... keep reading on reddit ➡Known news : Veoneer sold to Qualcomm.
What's different about this ? Deal structure is different.
Source: https://www.ft.com/content/254d8ce3-de74-43f5-8cb9-3bbaa23d8c84
Read the article. It's very interesting.
How an unknown buyout firm pulled off a $4.5bn deal with a novel structure
Former Lazard banker Antonio Weiss teamed up with Qualcomm to acquire Swedish auto parts group.
https://preview.redd.it/v4ajwr9v81681.png?width=700&format=png&auto=webp&s=d3f3ddc294f458e2e1982970c7ba0659dc10e0da
What stands out about the deal is its structure. The auction for Veoneer was won in October by a start-up New York investment firm called SSW Partners. The firm had never executed a transaction, had raised no dedicated buyout fund and maintained only a bare-bones website.
The structure of their pending agreement with Veoneer has drawn the attention of the mergers and acquisitions industry. It reimagines how big corporations buy pieces of companies that would otherwise need to be acquired as a whole, deploying the bounty of private capital sloshing around the world while keeping financial disclosures to a minimum.
Qualcomm found itself in a jam this summer before the SSW arrangement took shape. The California company was interested in Veoneer’s autonomous vehicle software business with which it already had a joint venture. But the Sweden-based company had in July agreed to sell itself for $3.8bn to Magna International, a car parts supplier.
Making a rival bid for all of Veoneer made little sense to Qualcomm as it had no interest in the remaining divisions. Yet Veoneer preferred to be sold in full.
I am just thinking .... :)
Update: I misunderstood the part about the value of the assets transferred. The value for the demand note is at the basis, not the value at the time of transfer. I have a call with the attorney author of this trust on Thursday, November 18th. I'll report back then.
Is this the place to have a discussion about tax strategies for gains? I could use some wrinkles. I know it's not as sexy as purple circles or RC tweets but I can't be the only one thinking about this.
Stonkers, I was chatting with my tax guy about my plans for my gains and he was telling me about a trust structure that I could put my stonks into that would defer capital gains essentially in perpetuity. I would be the trustee and have complete control. The beneficiaries have no rights to trust assets, aka beneficiaries have no rights to sue the trust/trustee (like the Hyatt Hotel Pritzker family kids that broke up their trust).
BTW, I’m in the US and this is a US trust.
Let me explain. No, there is too much. Let me sum up.
This summation is to the best of my abilities. I’m just going off my notes here. This isn’t financial advice and I’m not qualified to give such a thing.
So here’s how I understand it would work.
I bought my shares/assets at whatever I bought them at. At some point, I buy this trust. I wait for the price of my lovely stocks to rise to a price I see fit to convey. I would convey my stonks to the trust and create a demand note for the value. Let’s just say I originally bought at $200 and conveyed at 10 million. I sell the stonk, now owned by the trust, at 70 million (the floor is 63m at the time of this writing). Convey at the basis....that's the value of the demand note.
Stocks/real estate/crypto grows without capital gains as long as they stay in the corpus of the trust. So 70 million with capital gains deferred and a demand note for 10 million the basis that covers non-trust expenses.
The trust would pay for all its own expenses for the trust business. If I convey my house, examples include taxes, mortgage, utilities, etc. The trust can pay for cars, insurance, etc. The gains remain in the corpus and no tax is due until something like 21 (or maybe 7 years after the third generation dies....am clarifying) years after the last beneficiary dies and beneficiaries can continue to be added.
Things that are excluded like food, fashion, and fun for the trustee are taxable, but in this case, they go against the demand note so they are tax-free up until the amo
... keep reading on reddit ➡It's all relative.
Yesterday 700K Novation Co $NOVC shares trade at pennies off no news, 49M trade since Dec 28, 2020 off no news yet Mass Mutual Barings ex DX Board Members & Fortress/EJF Capital hidden behind CDOs own at last 90M 78% of $NOVC Common over half 50M taken at pennies by Temporarily killing PPS.
9/15/21 Yesterday 700K Novation Co $NOVC common shares trade at pennies off no news, 49M trade since Dec 28, 2020 off no news yet Mass Mutual & sub Barings 19.3M ex $DX Board Members & Fortress/EJF Capital hidden behind CDOs own at last 90M 78% of $NOVC Common (117M shrs outstanding per NOVC Annual Report Audited by www.boulaygroup.com 10K 2020 filed 3/4/21 at SEC) over half of the 90M or 50M have been taken at pennies by Temporarily killing PPS. https://www.otcshortreport.com/company/NOVC
Chairman Barry Igdaloff and his crew hold at least 40M MM Barings 19.3M and the only Note Holders hidden by CDOs Taberna/www.fortress.com and Kodiak/www.ejfcap.com hold 31.3M NOVC common shares and small count of private investors hold 30M totals 120.6M Shares Held and not traded (not including the other 696 Shareholders of Record per audited 10K page 7) versus only 117M Shares Outstanding Dilute per 10K 2020.
Mr. Market deserves to know the truth Why Barry Igdaloff & his co investors including Mass Mutual and sub Barings and Fortress/EJF Capital hidden behind CDOs that also own NOVC only Sr Debt aka only creditors have accumulated over 75% 90M $NOVC of all common of 117M Shares Outstanding? What is their plan for $730M NOLs deemed valuable by prior $NOVC SEC filings and more so their plan to use rights CCR cleanup call rights per Service Rights Transfer Agreement Sec 5.04 attached to back of NOVC Q3 2007. CCR are standard operating practice for MREIT, CCR, MSR, MBS experts like Wesley Edens, co CEO (ex Blackrock, Lehman Bros) and Peter Briger Co CEO (ex GOLDMAN SACHS) at Fortress and Manny Friedman (also Founder of FBR) at EJF Capital owned by White Mountains Capital $WTM via sub. let alone Barry Igdaloff who served on DX Board for 20 years till 8/31/20. Igdaloff sat on $DX Board for 20 years, many of which with Thomas Akin ex CEO/CoB of Dynex Capital with his HF Talkot Capital - Akin rumored to own 5M NOVC common shares almost 3M with his HF Talkot Capital per Pacer Monitor Ch 11 Reports. NOVC Board Member Howard Amster owned over 5% of both DX Common and Preferred per SEC documents.
... keep reading on reddit ➡I'm working on a research project on Lafcadio Hearn's Japanese ghost stories (inspired by Japanese folklore and supernatural tales, which Hearn collected and re-wrote) and often in these stories, he frames the 'ghost story' as a narrative within a narrative, in which he (the Hearn-figure) narrates how he came to hear of the story (via his friends, servants, etc in Japan), how he interprets it, and generally exerts a lot of control on the narrative structure (for instance, in one story he suddenly interrupts a climactic part of the story to abruptly end it). I want to link this 'authorial tendency' to his nonfiction writings on Japan as a reporter and travel writer, in which he (in)famously interprets and explains Japan as an expat European.
(I'm writing this with a bad migraine, so I'm sorry for any errors or vagueness) but I would be grateful if anyone can point me towards theories that could help me deal with this authorial voice (which can go from an ethnographer's voice to the sincere voice of a narrator transcribing and relating what he has been told and, very often, taking creative liberties, and exerting a tight control over structure). I'm also interested in a framework that could allow me to look at different levels/frames of the narrative structure. Perhaps someone familiar with narratology could point me in the right direction.
I do also want to keep in view postcolonial theories, considering that imperial expansion was a huge part of what made Hearn's life and career in Japan possible and was a significant context for his writings.
Thank you for reading this mess and I'll be grateful for any help!
This is something that I've been struggling with. I agree wholeheartedly that capitalism's very nature is that of exploitation of the working class, but I have trouble stacking that negative up against capitalism's apparent positives.
In almost every example I've seen, the introduction of capitalism has contributed to an explosion in quality of life. In Puerto Rico in the 50s, the economy became more engrained into the US market with the introduction of more capitalist policies, and this in turn resulted in an increase in literacy, lower death rates, and other fantastic advancements. In China, the Dengist reforms reversed years of economic problems as a result of Mao's Great Leap Forward and the Cultural Revolution.
Does capitalism not bring prosperity, and if it does, how does that not justify the exploitation of the working class?
My current understanding is that the prosperity brought by capitalism will end eventually, as the market forces consolidate in the hands of the few. However, isn't social democratic reform able to curb this trend when implemented correctly? Why must socialism be the alternative?
Research Topic: How does capital structure affect the performance of European shipping industry? Table of Contents Research aims and objectives: .
The First Amendment guards citizens' rights to free speech, to peaceably assemble, and to petition the government. But these rights come with limits. Certain speech or acts receive limited or no First Amendment protections, such as obscenity, child pornography, threats of violence, and speech that incites riots, violence, or insurrection. Is there such a thing as perpetuating hate through speech, encouraging violence, or promoting citizens to defy the Federal and State laws?
Take a look at this subject's public profile to see if he willfully incited and urged others to engage in a riot or violence in Washington DC on January 6 2021. Here is a small sample of his public social media comments and image postings. He included a map to Washington DC uploaded the day before the capitol riot.
Facebook Profile: rob.joseph.900
FB image postings: https://drive.google.com/drive/folders/1ynlqjezinZ0T8SFh2QabZMjOc4NcBTs9?usp=sharing
rob.joseph.900 FB comments:
This was a coup not an election!
Pence turned out to be the spineless pussy we suspected all along!
Take back OUR COUNTRY by force!
No reason anymore
I will support President Trump till the end, President or citizen!
Unbreakable!
All the rest suck!
They bought toilet paper and we bought ammo.... Who are the morons now? At least they have something useful. Oh, Make sure you bring your masks and knee pads on Saturday to DC for the March and hope blm and antifa don't slap you around to much. Because all we do is talk talk talk!
Unleash HELL!
Yes, ITS TIME
Are we going to stand by while they steal our country?
Start shooting these bastards!
Never my President!
The communists took over our country without firing a single shot and we allowed it!
Why do we bother having elections anymore!
FIGHT FIGHT FIGHT!
Take back OUR Country from these communist democrats.
Fight for Trump!
#Fight4Trump
ARREST AND JAIL EVERY MEMBER OF SEATTLE'S CITY COUNCIL! THEY ARE THE TRUE ENEMY OF AMERICA!
It's time to stop playing games and stop being civil! We are not a door mat for socialism!
The election was STOLEN from the American People! It's time for the people to take back OUR COUNTRY at ALL cost.
United States of America
1776 – 2020
Mitch McConnell is an Asshole! Call Mitch and tell him how you feel about him, 202-224-2541!
We have taken the capital and the people stand on the floor of the senate!
Take back OUR C
... keep reading on reddit ➡Ever since act 1 ended, this sub and many other platforms were bombarded with how this arc is gonna be 5 acts. According to this structure, the 3rd act is where the tragedy should happen. So a large part of the fandom expected something bad to happen there.
But if we look at Wano as a 3 act play, it's easy to see that act 2 had the tragedy which was Ebisu town eating the smiles and Yasue's death. These events got a bit downplayed because a lot of readers didn't take this as the tragedy part of the play and their expectations rose further for something truly bad happening to the alliance or that Oden's flashback will be act 3 and therefore the tragedy.
When Oden's flashback ended but the act didn't, many readers still believed of an even worse setback coming(raid failing is the only remaining option). Expectations kept rising for something extraordinary bad to happen that now some readers are feeling a disappointed. Oda's fake out deaths didn't help with that either.
Is a setback still possible? Yes, Luffy's fight is still ongoing after all and most of the struggle and tension usually comes from there. I can even see Luffy losing and the alliance work together to hold Kaido off till Luffy comes back(similar to Dressrosa), but a full on defeat of the Samurai is just impossible and weird choice at this point.
I feel like if Morj didn't base his theory on the 5 act structure, he would've let go of it a long time ago already.
Many new readers who caught up at Onigashima don't have the complaints that I keep reading from weekly readers (lack of tension and stakes) and that because I feel new readers aren't expecting a big loss to still happen.
Imagine for a second the atoms in our body are the planets where teeny tiny intelligent organisms live. What if the planets in space are atoms in a beings body, a body too large for us to see visually, but biologically everything happens organically. Us being beings in this beings body are part of the system. And as a thought experiment we can expand and project this system all throughout the universe- so that the being that we are in is in another being. Etc. (this definitely touches on fractals, the interconnectedness of the universe, multiverse etc.)
We can also apply what is happening currently in our world to this premise. Maybe the being we are all situated in is healing from a sickness. As they see you feel worse before you feel better when healing. (By bringing the sickness to the surface). What if the earth is a cell in this beings body and the changes we are facing on earth are reflective of this beings cells (earth) repairing itself or changing?
Something to think about. I hope you can follow what I’m saying lol.
Anyway, this is an interesting thought. And now that I’m on this topic, here are some interesting questions:
Are we communicating with these beings, as being a part of them and them a part of us? I would say most definitely.
If thoughts can influence beings and matter what influence does this have on the premise of reality I have presented? Are thoughts and communication like biological nodes that transmit information to serve a higher purpose? In the case of my premise I have presented, are any thoughts we have and any communication we have with other humans what’s holding biology and organic systems together?
I also just thought of this, what if when scientists say the universe is expanding it really means the being we are situated in is having a baby, giving birth. - There is more coming, more communication, another layer to the matrix and fabric of reality, ultimately GROWTH!
An interesting thought.
Update: I misunderstood the part about the value of the assets transferred. The value for the demand note is at the basis, not the value at the time of transfer. I have a call with the attorney author of this trust on Thursday, November 18th. I'll report back then.
Stonkers, I was chatting with my tax guy about my plans for my gains and he was telling me about a trust structure that I could put my stonks into that would defer capital gains essentially in perpetuity. I would be the trustee and have complete control. The beneficiaries have no rights to trust assets, aka beneficiaries have no rights to sue the trust/trustee (like the Hyatt Hotel Pritzker family kids that broke up their trust).
BTW, I’m in the US and this is a US trust.
Let me explain. No, there is too much. Let me sum up.
This summation is to the best of my abilities. I’m just going off my notes here. This isn’t financial advice and I’m not qualified to give such a thing.
So here’s how I understand it would work.
I bought my shares/assets at whatever I bought them at. At some point, I buy this trust. I wait for the price of my lovely stocks to rise to a price I see fit to convey. I would convey my stonks to the trust and create a demand note for the value. Let’s just say I originally bought at $200 and conveyed at 10 million. I sell the stonk, now owned by the trust, at 70 million (the floor is 63m at the time of this writing). Convey at the basis....that's the value of the demand note.
Stocks/real estate/crypto grows without capital gains as long as they stay in the corpus of the trust. So 70 million with capital gains deferred and a demand note for 10 million the basis that covers non-trust expenses.
The trust would pay for all its own expenses for the trust business. If I convey my house, examples include taxes, mortgage, utilities, etc. The trust can pay for cars, insurance, etc. The gains remain in the corpus and no tax is due until something like 21 (or maybe 7 years after the third generation dies....am clarifying) years after the last beneficiary dies and beneficiaries can continue to be added.
Things that are excluded like food, fashion, and fun for the trustee are taxable, but in this case, they go against the demand note so they are tax-free up until the amount of the basis/demand note 10,000,000 (the value of the stock/asset the day I conveyed to the trust). The trustee can take out cash at any time, in any increments or full, or pay for use of trus
Imagine for a second the atoms in our body are the planets where teeny tiny intelligent organisms live. What if the planets in space are atoms in a beings body, a body too large for us to see visually, but biologically everything happens organically. Us being beings in this beings body are part of the system. And as a thought experiment we can expand and project this system all throughout the universe- so that the being that we are in is in another being. Etc. (this definitely touches on fractals, the interconnectedness of the universe, multiverse etc.)
We can also apply what is happening currently in our world to this premise. Maybe the being we are all situated in is healing from a sickness. As they see you feel worse before you feel better when healing. (By bringing the sickness to the surface). What if the earth is a cell in this beings body and the changes we are facing on earth are reflective of this beings cells (earth) repairing itself or changing?
Something to think about. I hope you can follow what I’m saying lol.
Anyway, this is an interesting thought. And now that I’m on this topic, here are some interesting questions:
Are we communicating with these beings, as being a part of them and them a part of us? I would say most definitely.
If thoughts can influence beings and matter what influence does this have on the premise of reality I have presented? Are thoughts and communication like biological nodes that transmit information to serve a higher purpose? In the case of my premise I have presented, are any thoughts we have and any communication we have with other humans what’s holding biology and organic systems together?
I also just thought of this, what if when scientists say the universe is expanding it really means the being we are situated in is having a baby, giving birth. - There is more coming, more communication, another layer to the matrix and fabric of reality, ultimately GROWTH!
An interesting thought.
