thow-58d4e8b

16 ms·

91.
by thow-58d4e8b 5y ago
Lost VAT revenue is not due to mom-and-pop shops offering a discount under the table. The vast majority of lost VAT revenue is due to organized VAT carousel frauds, also knows as missing trader fraud, where an organized groups of 10-20 peop
92.
by thow-58d4e8b 5y ago
Also, passports for a family of four don't come cheap. Around ~50-70e per person , in addition to taking significant time. For the same money, they can get two more nights at a holiday resort
93.
by thow-58d4e8b 5y ago
Just because CATL can manufacture LFP cells at $80/kWh doesn't mean the end-to-end system is available at that price. Home battery storage is nowhere near $80 or even $100 per kWh. It's at $500-$1000/kWh. Tesla Powerwall
94.
by thow-58d4e8b 5y ago
I'm afraid it's not simply about political will. To have affordable and safe public transport, one would need to completely revamp the fabric of American society Why is there no public transport? Because it's losing money due
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by thow-58d4e8b 5y ago
It creates captive audience, which is a gateway to further anti-competitive and abusive market practices
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by thow-58d4e8b 5y ago
relocate - to where exactly? There are two major manufacturing hubs in the world - east Asia and central Europe. Labor costs in manufacturing around the world have equalized to start at around $12/h. Slightly more in automotive. Averag
97.
by thow-58d4e8b 5y ago
At least for the European Central Bank, housing is the single largest item in the inflation basket - entered as something called "imputed rent" - how much would it cost to rent an equivalent dwelling. This item alone accounts for
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by thow-58d4e8b 5y ago
> Elizabeth Holmes made representations which she knew to be false to secure investments. That is explicitly fraud. the problem - this became an institutionalized modus operandi of Silicon Valley, finance, higher education, IP law, crypt
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by thow-58d4e8b 5y ago
For the majority of app developers, but almost surely for a small minority of their app store revenue
100.
by thow-58d4e8b 5y ago
If I remember the Kodak case well - their own research predicted that digital cameras will massively shrink the total addressable market. Which is exactly what happened. Outside of professionals or hobbyist, who even buys a camera nowadays?
101.
by thow-58d4e8b 5y ago
> hydrogen being much more efficient than believed God/Allah/Nature obviously don't understand disruption, growth mindset and can-do-spirit. facepalm There are hard physical limitations that no amount of human ingenuity ca
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by thow-58d4e8b 5y ago
Please, please - could people stop making this analogy? Cars are not phones, and will never be. American lower class or Chinese middle class are not going to shell out $70k for a new toy every two years. Cars are not going to be made with 6
103.
by thow-58d4e8b 5y ago
For a typical car, only about 10-15% of the manufacturing cost is labor. And that's talking about Toyota Corollas and euro econobox hatchbacks. For a premium electric car, it's probably a single digit Also, the whole claim would r
104.
by thow-58d4e8b 5y ago
In other news that are never mentioned in western media - the top three countries based on long-term economic growth are Laos, Vietnam and China. The only three countries that are both enmeshed in global trade, while also being run by commu
105.
by thow-58d4e8b 5y ago
Labor share of income in the developed countries is at the lowest it's been in decades (1). In the US, if all workers received a 13% pay hike, this would just bring the labor share to where it was in 1990. Profit margins are at record
106.
by thow-58d4e8b 5y ago
Finland is ok. A square meter in the capital area goes for about 1.5 months of net average wage, and about a monthly income in other provincial towns. A decent house can be had for ~10 years of single income The benefits of not being a tour
107.
by thow-58d4e8b 5y ago
It's a similar story with Nano, and it de-masks the true nature of this mania On paper, it's a perfect crypto. Really fast and fee-less transactions, proof of stake avoids the environmental impacts, completely pre-mined, distribut
108.
by thow-58d4e8b 5y ago
rule of thumb - for the highest signal/noise ratio, look for reviews that give mediocre, but positive ratings - in the range of 6/10 to 8/10. This filters out bots, fake reviews and low-effort negatives (product is ok, but sh
109.
by thow-58d4e8b 5y ago
Another giveaway is accounts posting multi-sentence comments or reviews within seconds of their previous submissions. How can this get past bot checks is beyond me
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by thow-58d4e8b 5y ago
> Battery manufacturing life-cycle emissions debt is quickly paid off. An electric vehicle’s higher emissions during the manufacturing stage are paid off after only 2 years compared to driving an average conventional vehicle, a time fram
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by thow-58d4e8b 5y ago
Proposing nationalization is akin to blasphemy nowadays - way outside of Overton window. But I haven't really heard any good arguments or benefits of electricity production and distribution being private. On the other hand, there are
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by thow-58d4e8b 5y ago
> ICE engines were miniature engines that also ran off of a fuel source (eventually settling upon oil, but many different fuel sources were considered Fun fact - Rudolf Diesel's first engines were running on cooking oil. In fact, ma
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by thow-58d4e8b 5y ago
State aid in EU is limited to 15% of the total value of the investment, but sometimes it is circumvented by offloading certain parts of the investment onto public budgets (e.g. infrastructure, or training programs)
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by thow-58d4e8b 5y ago
Ethereum is mined with GPUs. The total mining rewards (block rewards + fees) are actually marginally higher for Ethereum than Bitcoin, with both around $51M per day
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by thow-58d4e8b 5y ago
Mostly because what people refer to as "printing money" isn't really printing money, but more of a "reversible exchange of one class of assets for another class of assets of equal value". The central banks are not a
116.
by thow-58d4e8b 5y ago
To underline how preposterous the whole PoW is - BTC is mined by hardware that consumes 2000-3000W each, all the while vast majority of these machines never mine a single block
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by thow-58d4e8b 5y ago
Small-scale ETH mining on gaming GPUs does take place. But nothing like dystopian warehouses stacked with racks of hardware until the ceiling
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by thow-58d4e8b 5y ago
It's one thing to read about the click farms, but nothing can prepare one to actually see the videos of them in action - just visceral. It has an eerie Matrix-like feeling to it. 13 sec video of a Chinese click farm (quite loud): http
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by thow-58d4e8b 5y ago
One aspect that shouldn't be lost - the implicit framing of the platforms being "under attack" by the bots is wrong - the bots are likely a net positive for the platforms - they're very much complicit with the fraud, or
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by thow-58d4e8b 5y ago
This is the real question. From the outsider perspective, it looks like the navies and militaries of the western world are evolving towards extremely expensive, specialized high-tech "toys", produced in very low numbers, that requ

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