* Posts by Fido L Dido

20 publicly visible posts • joined 6 Apr 2013

Zuck on The Social Network: Nobody wants to watch my REAL life for 2 hrs straight

Fido L Dido


See how he slips in the word "kinda" in this next passage:

I think you're seeing things that just aren't there. Isn't this just how he speaks as opposed to some sort of subtle hint that it's 'kinda true'?

Of course we could read sentences like:

- 30-year-old free content ad network boydroid

- Earlier in the chat, the billionaire

- the copper-haired, be-hooded one

and draw conclusions as to the author's personal opinion of Zuckerberg and Facebook, or we could just say "meh, maybe that's just his writing style".

Voyager 1 now EIGHTEEN LIGHT HOURS from home

Fido L Dido

Inceredible foresight

I'm astounded that as early as 1977, NASA engineers had the foresight to include tweeting capability into Voyager 1.


Fido L Dido

Ignore him

This is the same Alexander Stubb who said early this year that the UK had to wake up and understand that the EU is good for them.

He seems to be trying to tell us what we should think.

OECD lashes out at tax avoiding globocorps' location-flipping antics

Fido L Dido

Re: hmm

So you advocate a race to the bottom where nobody pays tax anywhere?

I would advocate a race to the bottom where there is no corporation tax. I know this flies in the face of popular opinion, so let me explain.

When a company makes a profit, it can do a combination of a few things:

- Sit on the cash indefinitely. This doesn't help the business, its staff or owners. Really the only purpose for a company to stockpile cash is because it hasn't decided what to do with it yet, or that it'll need it during rainy days.

- Reinvest in the business. This could be R&D, upping production, employing more staff. A successful and growing business will generally grow its workforce.

- Pay it out to the workforce by way of bonuses or increased salaries.

- Pay it to the owners by way of dividends.

Paying it out incurs tax bills, whether that's PAYE/NI on bonuses/salaries, or tax on dividends (which would almost certainly be at a higher rate if there was no corporation tax). Reinvesting in the business would not incur any direct taxation, but that money would be spent somehow, and would likely generate tax revenues.

So what is the benefits of no corporation tax? For companies that decide to reinvest in growth, it generates wealth, which in turn increases tax revenue. For companies that decide to spend it on their staff and owners, it generates tax revenues. Pension funds would perform better, as most funds are invested in public companies. The better these companies perform, the more dividends they pay, the bigger your pension pot will be.

Corporation tax is an indirect tax on pensions.

Further, it was seen when Ireland had one of the most competitive rates of Corporation tax in Europe, they attracted lots of business - this was not coincidence. Any country that takes the bold move to reduce corporation tax rates or get rid of them will attract more business because of it. More business means more workers, means more money in the economy means more tax revenues.

It's a long term plan, because the Government would see a short term loss, but a longer term gain. But then why would they want to do something that helps the next Administration once they are no longer in power?

EE accused of silencing customer gripes on social media pages

Fido L Dido

their usual response is "we're crying, sad face"

Yes, they realise the furore that would happen if they posted that sarcasm emoticon at the end to convey the true message.

Techies Ahoy! Amazon Web Services has a roadshow just for you

Fido L Dido

Second City bypass

Clearly Amazon think there's a bigger market for AWS in Bristol, Cambridge and Manchester than in Birmingham. This surprises me.

10 PRINT "Happy 50th Birthday, BASIC" : GOTO 10

Fido L Dido

Re: C

As a former assembler programmer including PIC, Z80, 6502, 65010, 680x0 and MIPS, I don't think I would ever describe any variant of C as being "one step away from the metal". The concepts, even in K&R C and ANSI C are abstracted by many degrees from assembler.

From corporate bod to startup star: The 10-month gig that changed everything

Fido L Dido

Re: Interesting stuff

In terms of prep, I'd recommend Googling for 'Reid Hoffman ABZ plan'. It basically explains knowing the worst case scenario by which you'll call it a day on your venture and go out and get a job. You can and should define this before you even start, and by doing so makes it easier to do.

Fido L Dido

I disagree with your greed explanation. I'm sure it's true in some cases, but it is not the predominant reason. You really think greed determines levels of pay more so than skills, experience and the rarity of those two?

I'm sure celebs do earn more than their management. The management can be replaced with relative ease compared to the celeb, because it is the celeb that is delivering most of the value.

Fido L Dido

Re: @Fido L Dido

I've seen many a skilled developer, who left to his own inventions produces a lot, most of which is of little or no value to the business. The skilled manager who keep these people on focus and on target are always going to be worth much more.

I've met too many software developers who think they know best, on *any* subject whatsoever. I rarely meet this sense of superiority (specifically superiority about others' disciplines) amongst other classes of job.

I would acknowledge a seed change though with younger developers, who appear far more eager to learn as opposed to an "I know better than you" attitude.

Fido L Dido

Yes there is plenty wrong with that. In an ideal world, people are paid consummate to the value they deliver, linked with the rarity of the skills they offer.

A middle manager, doing a fantastic job of managing a team of software developers has a finite limit to what they can achieve, even if they are 100% 'on their game'.

Meanwhile someone higher up the tree may be responsible for decisions that can affect the company by millions of pounds a year. This person is always going to be worth (and paid) a lot more than that middle manager doing a sterling job.

If you have middle management (or even bottom management as you state) earning more than people higher up the ladder, your company is a messed up.

Brit music body BPI lobbies hard for 'UK file-sharers database'

Fido L Dido

Should music be free?

I can't help but think that if music had just been invented, it would be free. Look at all the services available online for free, and free games in app stores. There are many business models where the core offering is free, and money is made out of the extras - music is only different because it 'came about' as a commercial entity before such business models were viable and has failed miserably to keep apace of what works and what doesn't.

Canadian TV station wails: NFC bonking... it's not SAFE

Fido L Dido

NFC is evil, until...

Don't you know that NFC is evil and flawed?

That is until Apple decide to launch a phone with NFC, then it'll be lovely, the public will believe Apple invented it, Apple will file a patent for it, and NFC will be the best thing that ever happened.

Eric Schmidt defends Google's teeny UK tax payouts - again

Fido L Dido

TIme to alter the tax law?

ES has basically spouted a load of rubbish to justify a position he shouldn't need to justify.

The issue here is that tax law is too complex, and some of it is out of date.

In a global market, corporation tax no longer works. Ireland attracted loads of business by having one of the lowest rates in Europe. Well rather than a race to the bottom, UK plc could do a lot worse than scrap it altogether. All of a sudden the very businesses that locate to The Bahamas or other places with little or no corporation tax will have little reason to do so. More employment here resulting in more taxes of other kinds being collected.

Of course, the ignorant would proclaim a cut in corporation tax to 0% as pay rise for "those wealthy fat cats". It would surely lose votes.

Bitcoin gets a $100 haircut on rollercoaster trading run

Fido L Dido

Re: Every so often a market develops around something improbable

It's a standard definition Mark, look it up. I've shown the intrinsic value in the items I compared it to, fundamentals that Bitcoins don't have. Others have also shown this earlier in the comments.

I have a mixture of investments, some more risky than others. I feel Bitcoins bear far too much resemblance to a Ponzi scheme for me to go near them (and I do acknowledge there are some differences to traditional Ponzi schemes).

I can't demonstrate here that my 'guess' is any better than yours, and I don't wish to post here my experience with finance, so we'll have to agree to differ. I hope you're right and you don't lose out, because the future value of Bitcoins will have no effect on me.

Fido L Dido

Re: Every so often a market develops around something improbable

I guess my point is that I believe Bitcoins will eventually move towards their intrinsic value, which I believe is zero. That doesn't mean you can't make money out of them, in the same way that pump-n-dumpers make money out of penny shares.

Fido L Dido
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Re: Every so often a market develops around something improbable

I talked about 'intrinsic value'. I never claimed it didn't have a use.

If I want something that resembles a house, I can buy one. Alternatively I could build one. Either way, it costs time/effort/money. There is the intrinsic value.

Uranium - it needs digging out the ground and refining. TIme/effort/money. For many applications there are no alternatives.

Beanie Babies - I could make my own copy. Time/effort/money. There's the intrinsic value.

Tulips - I could grow my own. Time/effort/money.

Where is the intrinsic value in Bitcoin? There is none.

In terms of shares in companies, they have intrinsic value, which is the book value of the company. They often cost more than this because those companies can generate wealth.

Gold, you almost have a point here, but gold has alternate applications where there are no alternatives. Additionally, people like shiny, shiny which ultimately pushes the price of it up given it's rarity.

Fido L Dido

Re: Every so often a market develops around something improbable

True, but list in order of intrinsic value (highest first):

1/ Houses

2/ Uranium

3/ Beanie Babies

4/ Tulips


5/ Bitcoin

You can argue over the order of the first 4, but they all have an underlying intrinsic value, even if that is very low in the case of 3 & 4. Bitcoin has such a negligible intrinsic value it is effectively zero. This has all the hallmarks of the Tulip bubble. There will come a point when everyone realises:

"Hold on a minute, these are worthless, how was I so stupid?"

Then those same masses will then try and find a way to blame the government, cue class action lawsuits for compensation for anyone who looks like a worthy target.

Ahoy! Google asks US gov't to help sink patent 'privateers'

Fido L Dido
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Sounds like a 'sour grapes' complaint

So to paraphrase the article:

"The corporate cabal wishes to complain about Patent Trolls in order to get the law changed. One of the foundations of their argument is that since a Patent Troll has no products, the corporates have no ability to threaten counter-litigation as a means of negotiation."

I'm no fan of patent trolls, but in this instance I'd say "Bad luck!"