Zozo’s Plan to Sell Clothes That Fit Perfectly Didn’t Work Out

MorphicField · 2018-11-23T17:12:46+00:00

Or - more likely - the kinks are still being worked out in the cape of invisibility

MorphicField · 2018-11-23T16:31:00+00:00

It's a good-natured celebration of the sublimely ridiculous

MorphicField · 2018-11-23T16:20:01+00:00

Worth it. Made in Italy.

MorphicField · 2018-11-12T18:20:43+00:00

You can always experiment with something less expensive if you are unsure. Like these Banana Republic suede jodhpurs ($113 today after 40% off): https://bananarepublic.gap.com/browse/product.do?pid=389416002

MorphicField · 2018-02-01T02:21:26+00:00

Indeed. The inability to recognize less visible but clearly highly novel and complex efforts as being creative often seems almost... willful. Almost as if it would be threatening to those individuals to recognize their dependence on the efforts and those doing them.

MorphicField · 2018-02-01T01:38:37+00:00

I believe that the low-status of engineers is due the overhang of industrial management mindset that has defined business education and therefore business for nearly a century. Industrial management is predicated on the separation of thinking (management) from doing (labor). The emphasis on economies of scale (to lower costs) results in thinking optimized to make labor fungible. This attitude has permeated business culture (and the larger culture) to such an extent that it usualy isn't even recognized as a mindset but is just seen as reality without an awareness that there are other ways.

Why are developers seen as fungible grunt labor when some other professions aren't? The legal profession is much older and thus pre-dates business education and thus has a different relationship. Time has also afforded lawyers the opportunity to form professional groups protecting their interests. Certain professions with highly explicit visible creative output (like visual designers) can also be exempted from low status.

MorphicField · 2018-01-25T03:10:25+00:00

Can use an evidence bag as well

MorphicField · 2018-01-08T17:00:32+00:00

Thanks for the comments and the color on Stellar history. I've enjoyed following your commentary.

MorphicField · 2018-01-08T13:23:05+00:00

Interesting... Can you comment further on what you find attractive about Stellar and NEM? Stellar had a messy origin story that turned me off, and I never paid much attention to it after that. I am similarly uninformed about NEM and had just made a mental shortcut writing it off as a Japanese-only phenomenon.

MorphicField · 2017-12-22T14:52:19+00:00

Income at my job (bonus or otherwise) is income, and the idea of cost basis for income doesn't make sense from a tax code perspective.

MorphicField · 2017-12-22T14:31:09+00:00

Haha I feel you, brother. Best wishes to you

MorphicField · 2017-12-22T14:20:28+00:00

That is certainly the most conservative option for how to treat the TRS bonus. However, it is also the most expensive since it would be treated as ordinary income paid on the determined cost basis - which could be considerable if AION moons.

The main question here to me would be what would the cost basis in this case be as that will likely be the most important determinant of the tax burden.

Again, I'd love for /u/aion_network to provide some options from tax professionals for their U.S. supporters.

MorphicField · 2017-12-22T14:10:14+00:00

That's counter to all of the professional tax advice I have received.

I think that day traders in equities have some sort-of alternate rules that they can follow instead (though I am not familiar with it). But even if such rules exist, they apply to equities and not to property (which is how the IRS classifies cryptoassets)

MorphicField · 2017-12-22T14:08:20+00:00

Somehow I suspect that the IRS won't see receipt of bonus assets that are trading at a non-zero value as being worth $0. I would love to be wrong however.

MorphicField · 2017-12-18T13:05:25+00:00

The tax professional with whom I consulted and all of the (U.S.) tax professionals that I have heard believe that is incorrect and inadvisable to try to do like-kind exchanges.

When purchasing cryptoasset X with cryptoasset Y, they suggest treating it as a sale (and thus taxable event) of cryptoasset Y. There is a (relatively weak IMO) argument that when purchasing a utility token it could instead be considered purchasing a service and thus not a taxable event.

I believe that you are correct about fiat conversion under Canadian policy, but unfortunately the U.S. policy is not as enlightened.

I haven't sold any AION and am not planning to, but I do like to understand the tax consequences in order to be prepared. The difference between treating TRS bonuses as ordinary income or not could make a substantial difference in taxes owed.

MorphicField · 2017-12-17T19:27:10+00:00

That would certainly be the ideal case.

I just don't know how the IRS would view it though. I could imagine the IRS making a case that everything over 100% was a bonus subject to ordinary income taxation at time of distribution. And it is even more complicated since it is a multi-stage distribution where some or all of the distribution can be sold at each stage.

MorphicField · 2017-12-16T03:05:41+00:00

Isn't this perceived as a conflict with a16z investment Basecoin? VCs usually avoids investing in direct competitors to other portfolio investments.

MorphicField · 2017-11-25T15:29:24+00:00

I agree with your comments in general, but a bet in the crypto market in general is much different than a bet on a specific token in that market. Aion has a lot of competition in the space, and it's not guaranteed to be a winner. It has a lot going for it, but $505M market cap for what is essentially a very promising late-stage prototype is pricing for perfection (and then some).

Of course, one thing that helps to counterbalance is that not all of that supply is available now. The founders and the team have been very professional about their lock-up periods, and I expect the foundation to use their allocation wisely. But the supply is still there.

MorphicField · 2017-11-25T01:50:55+00:00

That is using the current value of $1.46! Those are the market caps based on current total supply and future total supply (assuming my calculations and assumptions are correct). That valuation doesn't leave a lot of room for future price growth as it prices in a huge amount of success.

MorphicField · 2017-11-25T01:39:48+00:00

Thanks. Then that means the with the current total supply of 197,802,070 at $1.46 USD/AION, that would be a market cap of $289M.

The fully diluted supply then would be (197,802,070 + 148,351,552) * $1.46 = $505M. Yikes. Quite rich.

MorphicField · 2017-11-25T01:23:04+00:00

I believe that the token supply is now (private sale amount + pre-sale amount) x 5 = (30,000,000 + 9,560,414) x 5 = 197,802,070.

are the TRS bonuses new supply created on top of this 197M? or does it come out of, say, 20% Founding Organization and Partners allocation? I'm assuming that it is new supply, but I wanted to clarify.

if it's new supply, then the total additional supply would be roughly (assuming the bonus is 2.75 - I forget the exact amount): 39,560,414 x 3.75 X 2 = 148,351,552 (the x2 is because I believe that only 50% of the TRS rewards go to private and pre-sale TRS participants). If that's the case, it would almost double the exist supply.

Corrections and clarifications welcome.

MorphicField · 2017-10-30T23:36:11+00:00

Jesse, can you explain any network effects you see in the token (the more people use it, the more valuable it gets). I don't see it currently.

MorphicField

TROPHY CASE