Disqus - Latest Comments for the99th

Re: Terre de Liens: Experiencing and Managing Farmland as Commons

Patrick Dugan — Thu, 10 Nov 2016 10:51:19 -0000

I think a low yielding dividend would give the asset secondary market liquidity because now there's a reason for people to get in an out of it broadly, and combined with a global medium like the Omni Layer decentralized exchange over the Bitcoin blockchain, would radically accelerate the promulgation of this sort of financing and land usage, which is what we all want.

Might as well take advantage of the madness of negative interest rates - a low yield like 2% per annum would do the job here.

Re: Impunity and Vautrin’s Law in Chile and the US

Patrick Dugan — Sat, 23 Jul 2016 12:07:58 -0000

The girl's fam is from the <85% and I asked her to put herself in her shoes, and she said they were 10 luca at Wal-mart.

What can we do about Chile?

Surely a bunch of successful white boys from the USA can make a difference.

Re: How I Banged 31 Dominican Girls in 25 Days (Warning Nude Pics)

Patrick Dugan — Sat, 02 Jul 2016 09:30:03 -0000

As my seasoned, 70 y/o friend said, "if you can't get laid in the DR you can't get laid."

Re: Colombia’s Incredible Transformation and the Medellin Miracle

Patrick Dugan — Sat, 11 Jun 2016 11:44:18 -0000

Awesome, but what about the real estate? Is it time to buy?

Re: Benefits of an Offshore Company

Patrick Dugan — Fri, 13 May 2016 13:11:23 -0000

I want to clarify for others, that this idea of deferring tax on profits indefinitely only applies if the business has a legitimate national economy function, e.g. a hotel, a restaurant, possibly a Google office branch, something where the business operates independently of its owner. Hence, having a company to run your consulting business and so on generates Sub-part F income, which must have tax paid on it for the given year. So someone with an offshore CFC that earns $300k could pay foreign persons and deduct that, they could pay their US person wife a salary (I think the wife of a US person qualifies even if not a resident or citizen) and themselves, and that would be tax free, but they'd have to pay income tax at the marginal rate on whatever net income is beyond that.

Re: How to Sue A Decentralized Autonomous Organization

Patrick Dugan — Thu, 07 Apr 2016 11:50:24 -0000

It's not a threat, it's risk analysis. I would not float a DAO without first incorporating it. Maybe Panama is a good jurisdiction for that!

Re: Starting a Business and Opening a Bank Account in The US and Chile

Patrick Dugan — Fri, 01 Apr 2016 19:36:50 -0000

I had a similar experience around this time, used tuempresaenundia, did lag because of notary co-ordination with Chilean partner in Sociedad ltda. - BCI wasted my time even after I brought 500 UF (~23k USD at the time) in patrimony to my personal account. Banco BICE let me do it straight away, after a visit, would visit them again.

Since 2013 this has supposedly gotten better, Banco Edwards supposedly is going biz accounts for Start-up Chile alums.

Re: Federal Reserve Says Bitcoin Has ‘Significant Friction’

Patrick Dugan — Thu, 24 Mar 2016 17:07:37 -0000

Who arbs on high-fee exchanges and wires it out to re-cycle? Very 2013. Mean-reversion and leverage!

Re: The Africoin Report: 'Banks Are a Poor Solution for Monetary Transactions,' by Chernoh Saeed Sow

Patrick Dugan — Fri, 01 Jan 2016 19:52:22 -0000

Classic that she says one thing and then just gives you the withdrawal anyway.

Is there no way to get a debit card?

Re: Obama's ring: 'There is no god but Allah'

Patrick Dugan — Mon, 28 Dec 2015 00:53:44 -0000

#8 is descriptive of reality.

Re: ANALYSIS: Chipotle is a victim of corporate sabotage... biotech industry food terrorists are planting e.coli in retaliation for restaurants anti-GMO menu

Patrick Dugan — Sun, 27 Dec 2015 12:55:58 -0000

What I found missing in this article of any kind of plausible explanation as to how this sabotage might have been accomplished.

Re: How Bitcoin Could Have Prevented the Creation of the Death Star

Patrick Dugan — Thu, 24 Dec 2015 21:24:08 -0000

And here I was thinking Jar Jar was behind everything.

Re: AI, Becoming Multiplanetary, the Fermi Paradox, SpaceX Tesla and Elon Musk on Wait But Why

Patrick Dugan — Tue, 22 Dec 2015 20:35:12 -0000

I've known Ben Goertzel for 10 years aprox. after I became a hardcore Singularitarian for a spell - his work on Open Cog is pretty interesting, you should check his videos. He's got a lot of content out over the last 10 years.

There is a short list of people doing stuff in AGI right now.

Re: Satoshi Nakamoto Writes To CoinTelegraph About The Nobel Prize

Patrick Dugan — Thu, 17 Dec 2015 16:22:52 -0000

The spelling mistakes should have keyed you off that this is not news.

Re: Kenyan Court Upholds Bid to Keep BitPesa Off Mobile Money Platform

Patrick Dugan — Wed, 16 Dec 2015 07:25:58 -0000

Yeah that Africa is some 3rd world country alright - but they are the biggets countyr in the world.

Re: The VAT Trap: Why Is Chile’s VAT System So Poorly Setup?

Patrick Dugan — Sun, 13 Dec 2015 19:51:26 -0000

The solution is time-stamping ID information with hashes and/or storing it in a decentralized internet utility, to reference for verification, that cuts out the fraudsters, and then move the banking system to a nation-wide blockchain where VAT can be automatically accounted for. Cut a bunch of SII jobs, no more paper facturas.

Website is a problem though, I couldn't use it due to lack of a Windows machine, "the government has an alliance with Microsoft" oh great, I thought fascism was supposed to be business friendly!

Re: China's Volatile Experiment: Growth and Authoritarianism | Foundation for Economic Education

Patrick Dugan — Sun, 15 Nov 2015 16:17:53 -0000

Could you be referring to crypto-finance/smart contracts as a parallel way of doing business?

Re: Nobel Prize Winner Eugene Fama on Bitcoin

Patrick Dugan — Sun, 08 Nov 2015 13:08:20 -0000

Celebrating the opportunity to agree with Josh.

This is where CFTC regulation becomes very problematic in an open-ended interpretive dance.

Biggest players are all throwing around a lot of volume, constituting "the market" to large degree. Is that manipulation? They want to keep the stock trading in a range all of Thursday afternoon so the options they sold expire worthless? Is that criminal? Happens all the time, if it didn't Butterfly traders would never luck out with a pinning-effect. HFT? Welcome to the cost of liquidity. Naked short sellers are taking risk also. Everyone takes risk, but some people have more money than others and can take more risk and not get antsy about stop-losses.

Re: Programmers: Stop Calling Yourselves Engineers

Patrick Dugan — Fri, 06 Nov 2015 12:35:21 -0000

Let's not forget Financial Engineering, a term made possible by this trend, which resulted in "infrastructure" that proved quite faulty indeed.

Though, methinks thou dost protest too much.

If a programmer is really fucking good, and the work he does involves engines, platforms, architectures, protocols, Operating Systems, then he qualifies as an engineer in at least a platonic sense we can respect. If he's bad, then fire the schmuck!

Re: BitUnit Foundation to Host Bitcoin Conference in Ghana

Patrick Dugan — Wed, 28 Oct 2015 01:24:44 -0000

Hey Jamie, I'll be giving a short talk as well, Omni Foundation is a co-sponsor for this event.

Re: Forming 194

Patrick Dugan — Fri, 21 Aug 2015 16:23:48 -0000

Nommo for President 2016

Re: The New World Order—A Faustian Bargain

Patrick Dugan — Wed, 10 Jun 2015 09:19:26 -0000

Thank you for your elaborate rebuttal.

Re: The New World Order—A Faustian Bargain

Patrick Dugan — Mon, 08 Jun 2015 17:51:30 -0000

An alternative financial system is evolving right now based on blockchain technology such as Bitcoin.

Re: ItBit CEO: Bitcoin Can't Circumvent the Financial System

Patrick Dugan — Fri, 05 Jun 2015 17:08:40 -0000

Fantastic progress guys. I think once you get ACH implemented you'll be off the to the races. My main motivation when using US-based exchanges is minimal pain, I hate sending wires, I hate having to get an SMS code, I just want to go to your site, not my bank's site, and say "fund $1000" and get a message saying when it will be done, automate everything else. Replicate the Coinbase loading experience but with a better spread (which you clearly have) and it'll be a winner.

Re: Bitfinex First Bitcoin Exchange to Offer On-Blockchain Transactions

Patrick Dugan — Fri, 05 Jun 2015 13:36:01 -0000

Hey Reggie how do you manage liquidity in your smart contracts? Could Harvard really trade billions in interest rate swaps on your platform and find counter-parties?