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Rock Puncher posted:https://www.iasplus.com/en/standards/ias/ias38 Yeah that's great and all but it's not really relevant to market cap. Market cap is essentially the value of a stock times the number of outstanding shares. The value of intangibles has some effect on revenues, but can be minor to major depending on the asset. Stock price which is primarily driven by the NPV of some combination of future revenues and dividends. If an intangible is valuable enough to be of significant factor to revenues (pharma) you can bet that it can be properly assessed a market value. Even if the loving human robots in accounting can't fathom it or put it in the books. The market don't give a poo poo about that because at the end of the day it's about present value of future earnings. Boon fucked around with this message at 08:42 on Dec 9, 2017 |
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Dec 9, 2017 08:30
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Good Citizen posted:What are you even arguing about and what does capitalizing intangibles even have to do with bitcoins. Guy was talking about market cap and you’re suddenly quoting international accounting standards for this poo poo when bitcoins would probably be a level 1 financial instrument, albeit an incredibly stupid one. Also intangibles still aren’t hard so sorry they’re giving you a problem I guess? If you read the post I was replying to maybe it would make sense. It has nothing to do with bitcoins you tard. @boon It is very relevant to market cap, unless you don't understand that the market capitalisation is a representation of company value. Like I said, most company value is derived from intangibles, see any of elon musks companies and check their financial reports and tell me where the value of the company comes from, because it isn't there. If you think markets are rational you need to do your research.
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Dec 9, 2017 08:33
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Rock Puncher posted:@boon You're not engaging what I said but what you think I said
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Dec 9, 2017 08:40
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Boon posted:You're not engaging what I said but what you think I said Because you're talking about things you clearly don't understand? See prices lead earnings and post earnings announcement drift as a simple counter to saying markets are hyper rational and all prices reflect the actual value.
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Dec 9, 2017 08:42
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I have no idea what argument you think you’re making but as someone who has spent years auditing global pharma companies as part of the big 4 I’m pretty confident in what I’m saying E: I don’t think anyone here in the bitcoin thread is making the case that markets are rational and lol if you think that’s what we’re doing
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Dec 9, 2017 08:43
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Rock Puncher posted:Because you're talking about things you clearly don't understand? Nice straw man dipshit. I never said markets were rational, nor implied it.
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Dec 9, 2017 08:43
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Good Citizen posted:I have no idea what argument you think you’re making but as someone who has spent years auditing global pharma companies as part of the big 4 I’m pretty confident in what I’m saying OK, maybe you need to go back to uni then, because you originally seemed to be suggesting there is no subjectivity in intangibles when clearly there is a degree of subjectivity in even measuring things in the first place. Maybe borrow a book about contemporary accounting issues? You don't even need to be an accountant or a big 4 auditor to be aware of these things.
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Dec 9, 2017 08:45
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Rock Puncher posted:OK, maybe you need to go back to uni then, because you originally seemed to be suggesting there is no subjectivity in intangibles when clearly there is a degree of subjectivity in even measuring things in the first place. Maybe borrow a book about contemporary accounting issues? You don't even need to be an accountant or a big 4 auditor to be aware of these things. 
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Dec 9, 2017 08:46
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what's up with the whole price/earnings ratio estimate thing? market cap is bullshit because it comes from a bullshit equation that has nothing to do with the sum of the actual market demand. painting the tape is a term like wash trading where you take a worthless asset and trade with yourself or a friend back and forth for higher and higher prices until you get some idiots to buy at the inflated price and chuckle off actual "value" of whatever takes a lot more effort to gauge than simply pretending the order book or sales price and inventory have anything to do with the whole enchilada
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Dec 9, 2017 08:46
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Lol yeah I was clearly saying that there’s no subjectivity whatsoever. That’s definitely a thing I said.
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Dec 9, 2017 08:49
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aha I got you on the technical ropes i win
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Dec 9, 2017 08:51
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Is that weird furry guy with the fox penis coffee table still doing dumb bitcoin stuff constantly? Logan something I think. Now that poo poo was funny
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Dec 9, 2017 08:54
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https://www.youtube.com/watch?v=HSfeCOiRfgA
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Dec 9, 2017 08:54
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but did he do something as funny as diverting conversation into what is at best tangentally pertinent jargon
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Dec 9, 2017 08:56
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Waffle House posted:but did he do something as funny as diverting conversation into what is at best tangentally pertinent jargon Depends how funny you think a coffee table with a giant erect Fox dong on it is, I guess
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Dec 9, 2017 08:58
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The real tragedy in all of this is that the several hundred (did any ever hit 1k?) page threads about bitcoin back in the heady Bruce Wagner days seem to have vanished into oblivion following the GBS genocide. Are those still around somewhere?
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Dec 9, 2017 09:00
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Baronash posted:The real tragedy in all of this is that the several hundred (did any ever hit 1k?) page threads about bitcoin back in the heady Bruce Wagner days seem to have vanished into oblivion following the GBS genocide.
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Dec 9, 2017 09:15
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Good Citizen posted:Lol yeah I was clearly saying that there’s no subjectivity whatsoever. That’s definitely a thing I said. You're right you didn't say there was 0, but you definitely suggested it was more cut & dry then it really is. Regardless, I disagree with you and doubt your credentials, but hey that's great that we have an expert here from the big 4 to correct the record. https://hbr.org/2004/06/sharpening-the-intangibles-edge https://imgur.com/a/G4KzH http://www.wileydirect.com.au/buy/contemporary-issues-accounting-1st-edition/ I don't really have time to debate how you perceive the issue so I'll defer to people that have already done the work.
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Dec 9, 2017 09:27
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Contemporary issues from 2004. We’ve moved on to rev rec on contracts now grandpa
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Dec 9, 2017 09:34
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Good Citizen posted:Contemporary issues from 2004. We’ve moved on to rev rec now grandpa It's actually 2012 for the book, but I guess you can still make that criticism. Regardless, I think I'll go by the book rather than what a rando on SA claims to be and states.
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Dec 9, 2017 09:36
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My problem with this whole thing is isn't it hilariously bad as a currency though? Like in order to aquire goods with it you need to go though umpteen something steps and rather it works better as a money laundering tool?
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Dec 9, 2017 09:57
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BluPotato posted:My problem with this whole thing is isn't it hilariously bad as a currency though? Like in order to aquire goods with it you need to go though umpteen something steps and rather it works better as a money laundering tool? Every transaction has a history on the blockchain, so it's not that great at it.
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Dec 9, 2017 10:09
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Yooo I’m drunk as gently caress and want to argue more about accounting. What do you all think about implementation of the new leasing standard. I’ve got strong opinions!
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Dec 9, 2017 10:34
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BluPotato posted:My problem with this whole thing is isn't it hilariously bad as a currency though? Like in order to aquire goods with it you need to go though umpteen something steps and rather it works better as a money laundering tool?
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Dec 9, 2017 10:41
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BluPotato posted:My problem with this whole thing is isn't it hilariously bad as a currency though? Like in order to aquire goods with it you need to go though umpteen something steps and rather it works better as a money laundering tool? It is bad at everything that its most strict adherents claim it is good at. It is bad at being a currency It is bad at being a store of value It is bad at being a money laundering vehicle It is bad at keeping your purchases anonymous Bitcoin is good at separating rubes from their money
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Dec 9, 2017 11:46
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I have a couple of colleagues who bought quite a lot of money's worth of bitcoin at around 7000$ and they've both been very vocal about it; well now they're both trying to cash out and neither of them have been able to confirm their transaction for 3+ days and they're both sort of panicked about it and keep checking their phones lmfao.
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Dec 9, 2017 12:02
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Here's something I've been working on for a while, check it out: bitcoin ---> bitcon
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Dec 9, 2017 14:52
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amotea posted:Here's something I've been working on for a while, check it out: bitcoin ---> bitcon bitcoin? more like like like [wait for it] more like butt coin 
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Dec 9, 2017 15:17
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divabot posted:bitcoin? mods please ban this user
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Dec 9, 2017 17:15
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HCFJ posted:mods please ban this user Turn on your monitor
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Dec 9, 2017 17:57
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  Dropping 10% in value over just 12 hours? Who else but Bitcoin :iamafag:
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Dec 9, 2017 18:17
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thats ok itll bounce up in again in 5 min lol or maybe not! Let it ride!
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Dec 9, 2017 18:24
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Doesn't matter, everybody is locked in now that nobody can get their money out. Enjoy the ride folks!Tiberius Christ posted:Let it ride!
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Dec 9, 2017 18:27
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Need one of these going in the other direction, then one of a bitcoin disappearing and we can replace all posts in the thread with them.
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Dec 9, 2017 18:33
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Dec 9, 2017 18:43
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shitcoin
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Dec 9, 2017 18:47
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not to worry!! there'll be a fresh tranche of tethers released in 3 ... 2 ... 1 ...
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Dec 9, 2017 18:52
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This may be a stupid question, but wouldn't not being able to sell as easily as it is to buy have an effect on price, in theory? I know Bitcoin was designed to be deflationary, but if the exchanges are only really pushing one side of a transaction (ie. purchases), wouldn't this not make it go up on aggregate?
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Dec 9, 2017 19:22
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divabot posted:not to worry!! there'll be a fresh tranche of tethers released in 3 ... 2 ... 1 ... Yo dude could I by any chance get you to write a long ebook about investing in, and the technology behind, my rear end?
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Dec 9, 2017 19:30
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mojo1701a posted:This may be a stupid question, but wouldn't not being able to sell as easily as it is to buy have an effect on price, in theory? I know Bitcoin was designed to be deflationary, but if the exchanges are only really pushing one side of a transaction (ie. purchases), wouldn't this not make it go up on aggregate? Selling is just as easy as buying. It's getting the cash in and out of the exchanges that takes a few days to clear.
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Dec 9, 2017 19:32
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