d1sxeyes

The problem with baking sourdough is that it is very hard to avoid adverse impact on your waistline.

You tax the whole value of the loan? Then what do you do when the assets finally get liquidated? You pay CGT as well?

So I earn $A and pay $B income tax leaving me with $C.

I take $C and use it to buy stocks. I later want to borrow money against my $C (+ gains, $D) of stock, and now I pay income tax on $C + $D presumably at the same rate as I paid on $A, let’s call that $E.

Later I sell up, with an additional $F of gains. Now I pay capital gains on $D+$F, call it $G.

So from my $A+$D+$F of income (the initial income plus the capital gains on my investment), I’ve paid $B + $E + $G in tax (income tax on the full amount I earned, income tax on the amount left after I paid the first batch of income tax plus income tax on any gains made on my investment before I took out the loan, and then capital gains on the full gains both those which have already been taxed at the income tax rate and those which haven’t yet been taxed).

Not sure that’s actually easier.

Didn’t know that about Brooke Shields, I’ll try to remove that phrase from my vernacular.

That said the rest of it is, well, complicated. Of course you can come up with something cool and new that doesn’t require all that plumbing, but how do you get people to use it?

If you build a beautiful piece of software that no-one uses, what was the point?

The thing about 9gag is that 90% of the people on there are literal 14-year-old boys or have stopped developing mentally since that point. Even if you put aside the stuff that’s just disgusting: the misogyny, the racism, the antisemitism etc., the comments are full of people who are just intellectually or educationally incapable of proper arguments, yet who insist that the one thing they heard on TikTok about a topic is a universal truth.

I find it hard to stay away from a voyeuristic perspective, but I wish someone would take the damn site offline.

While I agree, there's something that feels unfair about double taxation.

Here's an idea:

- Capital gains become taxable when you borrow against an asset, proportionate to the amount borrowed. - The gains which have already been taxed are added to the asset's cost basis, so they're not taxed again on sale (basically same as sell and rebuy).

If the shares subsequently tank, you can carry forward the loss against future gains on the same asset, but can't claim a refund or offset unrelated gains (to avoid incentives to transfer value to a different company and dodge liability, etc.)

For example:

2000: I buy $1M of S&P 500 ETFs.

2026: They're worth $8.5M ($7.5M gain). I borrow $2M against them, effectively realising ~24% of the gains (~$1.75M), and pay CGT on that amount. My cost basis increases to $2.75M.

2030: I sell up for $10M. Instead of paying CGT on $9M of gains, I pay it on ~$7.25M, since the rest was already taxed.

I told my wife the following: basically when you access a website like your bank, and you see the padlock in the address bar, that means that the computer the website is on has shown your computer a certificate saying that the same company that built the website you’re looking at owns the web address you’re going to.

Your computer has a built-in list of signatures that it trusts and expects to see on the certificates, and one of those signatures was eMudhra’s. These signatures are basically just a proof that you know a secret number without revealing the number itself. If you know the secret number, you can sign the certificate.

There are an unimaginable number of secret numbers. Imagine each atom in the Great Pyramid of Giza is a secret number. And then imagine you have as many Great Pyramids of Giza as there are atoms in the universe. And then double it.

Now imagine you choose any of the numbers represented by all those atoms to sign the certificate with, and you chose 4.

It’s not technically wrong: 4 is indeed a number. But if anyone wants to guess your number, and they start at 0, it won’t take them very long to find your secret number.

Once they’ve found your secret number, they can now sign certificates pretending to be you. So someone could pretend to be your bank, and present a certificate saying “yes, I am your bank” with a signature on it that your computer trusts.

> He also didn't lie to people and collect deposits promising he'd sell them a rocket car.

It might be worth reading up on Evel Knievel...

I think 'directly' is doing a lot of work in OP's comment. I agree, this is never going to make sales that pay for the engineering effort involved in this machine, but keeping Tesla in the news, having this amazing POC, and the lessons learned that might apply to other parts of Musk's enterprises (SpaceX particularly) are not worth zero.

Plus, whatever you think of Musk, this is really fucking cool.

… where we came in. The premise is flawed. n + 3 can never become interesting because when n + 2 becomes the smallest uninteresting number, n + 1 cannot hold that distinction at the same time, so n + 1 loses its interesting status as the smallest interesting number, and becomes uninteresting again, which means n + 2 is no longer the smallest uninteresting number, n + 1 is and isn’t this…

To be clear, I'm not suggesting it, I'm sharing what the law says. FWIW, I am a qualified teacher and a man, if those things are important to the discussion.

What the law allows may still fall well below the professional standards expected of a teacher. In particular, a teacher who uses force to maintain good order and discipline is likely failing to create a safe environment, failing to manage behaviour effectively, failing to treat pupils with dignity, failing to safeguard children's wellbeing, amongst others.

I would fully expect a teacher who can't control their classroom without force to be investigated and to potentially lose their job pretty quickly. The point is that it's not illegal, provided the force is reasonable (another point of ambiguity).

Also, it's not 600 upheld complaints, it's 600 investigations resulting from referrals. After investigation, 244 hearings were held and 202 of those found serious misconduct, and 157 teachers were banned from teaching, most commonly for sexual misconduct or indecent images, not use of force.

466 000 is FTE for state-school teachers in England alone. Actual HC is 512 000, with another 75 000 FTE working in independent schools (couldn't find HC details), so 600 000 is a better estimate for the number of teachers under the jursidiction of the TRA - 202/600 000 is 0.03%, or one in every 3000 teachers (referrals is still around one in 350).

Obviously stuff handled before it reaches the TRA isn't in those stats, but mostly those cases are not career-ending.

Yeah. The UK for example already allows use of 'reasonable force' to prevent a pupil from committing a criminal offense, prevent personal injury or damage to property, and most ambiguously, to 'maintain good order and discipline in the classroom', which sounds a lot like this.

This headline implies misleadingly that teachers in Denmark are reintroducing the cane or something.

Unfortunately for a lot of folks “on-prem” means “in our tenant”

For anyone not aware, this was the Bahrain Grand Prix held in Malaysia. The FIA allowed Bahrain to host their Grand Prix at a circuit which isn’t normally used for F1 any more in Malaysia because of the geopolitical situation in countries around Bahrain.

Therefore this was the Bahrain F1, it just happened to take place in Malaysia.

More likely we will finally settle on something like “it isn’t conscious because only humans can be conscious”.

In the past, we’ve treated even other humans poorly because we think they’re different in meaningful ways, I sadly don’t see how this will be different with AI.

Well to be fair the output you get has improved greatly. You can still get billions and billions of Luna/Sonnet tokens within your subscription comfortably (doesn’t feel fair to compare Luna to Haiku). Sol/Astra/Fable… yeah, they’ll chew through your credit.