The trick is that the USA steps up the buy price of an asset when you pass away. So if you use cheap loans your whole life, you can defer capital tax until it goes away.
Instead of two certainties in life being death and taxes, it's now death or taxes.
If you're bootstrapped, borrow a bunch of money to pay tax because your company got to $10M val. But then the market shifts and it goes back down to $0 in later years, do you get the money back?
Even if you do, it sounds weird taxing someone for the right to create something, especially when they're still in the middle of creating it.
But honestly at this point I’m destined to buy a Steam Machine despite having a hefty Mac that could do gaming if only it were possible. Valve have been amazing about open computing and Apple are basically the enemy at this point.
It makes me wonder about what using steam machine for all computing might look like, as the new home of open computing and gaming.
Had some very weird behaviour from cloudfront used purely to serve images from s3. Mostly huge slowdowns and outright failures on endpoints. Was about 15 hours ago that I noticed it by chance.
Was nothing on the aws status pages and no alerts/errors in my console. Eventually it sped up again.
What Apple really needs to do is mimic their old policy of no fees except for games. Let everyone develop for it, and then rug pull by making the fees apply to everything
But they can’t do it twice. So the Vision Pro ends up with no ecosystem
Pretty scary for Apple shareholders. They're basically saying that the extremely expensive hardware alone isn't enough to make a profit anymore? They're that reliant on the app store monopoly now?
They're reliant on ecosystem lock-in. An iPhone begets AirPods, Mac, iPad, Watch and Services (Apple Music, TV+, etc.).
I use and like my macbooks, but the only reason I remain on iOS is for the integration. Auto switching with airpods, continuity camera, universal control, shared clipboard, etc.
The moment that third party software & hardware can use those APIs and integrate to the same level that Apple's own tech can, Apple no longer as a unique selling point (outside of maybe Advanced Data Protection) vs. any other smartphone.
I'd love to use my macbook, an Android phone, AirPods, and a Pixel watch all together to the level of seamlessness that Apple's own ecosystem integrates.
There are all sorts of protections around who can be a custodian of someone’s money (for good reason)
However there are use cases like running a marketplace, where the platform would like to be able to direct the flow, maybe hold things temporarily in case there are multiple transactions or to split a transaction up between different clients, before paying it out daily or weekly as a lump sum. Often it’s just to avoid fees, because the marketplace operator charges their fees in a different way (like a flat monthly invoice) and they want to assist with money logic as a service, but not be the custodian of the money.
Even just knowing that money has moved at all can be useful, without any ability to touch it, and it’s difficult to get permissions from conservative financial institutions, whereas permissionless ledgers make it easy.
Crypto can help add that nuance. It’s still your money, but you can give a third party the ability to do some things to assist you, without giving the ability to transfer it all to themself and run away with it.
Instead of two certainties in life being death and taxes, it's now death or taxes.