1,798 karma · joined January 17, 2014
[ my public key: https://keybase.io/larry; my proof: https://keybase.io/larry/sigs/l1lPhhit-pC8PVBatjzQ8IPZ2rt79IvfaSIcwfeSvUY ]
https://twitter.com/LeoAW/status/1138718391978536960
Taiwan has also been removed from Twitter as a location.
The issue I take with the article is that the authors appear to believe in some god-given right to car-based public transit. For example, people what work night shifts at low paying shouldn’t have to pay the surges prices a rich person trying to leave a club would pay. They also believe that adults shouldn’t be able to get themselves into money losing business deals (which is what sounds like is happening for both drivers and Uber equity holders). They also believe that people should not use money raised voluntarily in the market to subsidize services.
It is not clear to me that those beliefs are self evidently true.
As an example: Regulation that subsidies late night taxis for low wage night shift workers economically distorts just like uber drivers that are receiving food stamps. Why is the former okay but the later is not? Both are subsidies to employers who can have a job filled by paying a lower wage than the market would otherwise bear.
Will warp be available on desktop machines at some point?
If you want low latency roaming in China, state owned China Mobile will sell you a solution for that:
https://www.larrysalibra.com/hop-over-the-great-firewall-with-government-help/iOS disables Apple news based on the mobile country code / network code and not on the name in my experience.
If your iOS device doesn’t have cellular capability or if it is in airplane mode, it uses Ip addresses. This means you can enable airplane mode and connect to a vpn over Wi-Fi and circumvent the censorship.
The mechanism that does this appears to be the same mechanism that disables “global” Apple maps and switches to Apple maps provided by Chinese map maker Autonavi.
I wrote this post at the time the explains the censorship behavior which hasn’t changed.
https://www.larrysalibra.com/how-apple-censors-news-in-china...
You’ve hit the nail on the head here as to why such things doesn’t make sense. It infringes on other users’ rights to property and control over their devices.
Deleting someone’s chat is as much an exercise of your right to privacy as is breaking into their house to retrieve the love letter you sent so you can put it in the shredder or using alien mind control techniques to erase your colleagues’ memories of that time you got too drunk at a holiday party and made a fool of yourself.
You don’t need to reverse engineer because the protocol is documented and the clients open source: https://github.com/peter-iakovlev/Telegram-iOS
If telegram was serious about privacy they’d make end-to-end encrypted chats default instead of a hard to use option and storing your unencrypted chats in their cloud by default.
Look forward to trying it out!
We do know, however, that Apple does certain certain apps and functionality on device for China. Censorship of the News app is one such example: https://www.larrysalibra.com/how-apple-censors-news-in-china
Bitcoin currently provides pseudo-anonymity - you can create a new address pair that's not connected to any identity. Using it in such a way that allows the address owner to remain anonymous both today and at any point in the future is near impossible.
Most of the work going on on bitcoin these days is to improve privacy and increase scalability.
The excitement and progress made around this work to bring privacy to bitcoin lead me to agree with Arthur - bitcoin is humanity's best hope once cash is gone.
It works very well if you're all in in the Apple ecosystem.
Sales tax is charged on the sales price while VAT is charged on every step of the production process.
VAT is very hard to avoid. All of the inputs to your business have to have VAT charged on them - if your business didn't pay VAT on your business expenses in China, you can't deduct them as expenses, which increases the business tax you pay.
Several years ago, when I still had a business in China, you'd actually have to paste physical tax invoices into a paper book and submit it with your accounts to the relevant taxation authorities.
Chinese consumers pay very high taxes on consumption both because of the VAT system which is essentially invisible and hard to avoid and because of very high import taxes.
It was always interesting that they think they don't pay much tax but are also obsessed with buying things overseas where the prices are usually cheaper.
As other posters have noted, payroll taxes are an income tax. Places like the USA split payroll taxes 50-50 between the employer and the employee. In China, payroll taxes - called "social insurance" - are skewed towards the employer. It's been 5 or 6 years since I've employed people in Mainland China, but if I recall correctly, the company "contribution" to social insurance was on the order of 21% while employees only had around ~6% of their paycheck withheld to cover their portion of the tax.
From the business's perspective, all of these taxes are part of the employee's pay. If an employee asked to be paid 10000, she might only take home 8000 after social insurance and income tax withholding while she'd cost the company 12000. In reality she was being paid 12000 and the government was taking away 4000 of her money each month. (Rough numbers)
It was common earlier in the decade to have potential hires ask for a certain salary after tax and then expect the company to pick up the extra. This was because many businesses at the time would pay cash under the table to avoid these tax expenses.
If you're interested in learning more about tax invoices in China, you can check out a post I wrote about them ~10 years ago: https://www.larrysalibra.com/10-things-you-didnt-know-about-...
Businesses get a virtual account number at Standard Chartered.
Funds for personal accounts are held at Bank of China Hong Kong.
Both types of accounts get debit cards that ship globally.
I've signed up for a business account and been approved all online.
I think they exclude people from some countries.
Can try here: https://www.neat.hk/signup/start
If financial inclusion and privacy in payments were actual public policy goals, cryptocurrencies would be a lot less attractive.
In reality, the real public policy goals are:
1) Financial exclusion: using denial of access to the state run financial system as a political, law enforcement, social control and tax collection tool.
3) "Know your customer" and "anti-money laundering" (AML/KYC) rules that remove privacy in payments to make it easier to use the state run financial system as described in 1). These regulations in practice exclude the the poorer people in society - the people Lagarde like means when she says "financial inclusion" - that can't meet requirements like "proof of address" and can't meet the minimal balance / month fee requirements that have come about from these AML/KYC regs.
Not sure it will catch on, but a nice lifehack related to death practices in Hong Kong is to look for housing in Hong Kong by crematoriums. It is usually a lot cheaper as “traditional” people won’t want to live there.