European Venture Fund instead of H2020
The problem: Something like 40% of companies who got Horizon2020 funding and that are sold, are sold off to investors outside of the EU, taking upside and talent with them. Grant making organisations like the H2020 or their money distributors are disconnected from the market, making poor investment decisions into projects that should not be funded in the first place (or would never get money on the public market). Success rate of H2020 funded companies is IIRC about 3x less than the public market. There is no incentive to be better for those grant making organisations. They don’t use their own money. No skin in the game. No reward if things go well, no punishment if not. Europe’s VC ecosystem is very risk averse for a variety of reasons like tax regulation and culture making check sizes usually very small compared to e.g. US and China. Potential solution: A pan european network of venture funds or matching pools that have backing by European public funds, and to which the EU becomes a key shareholder to - not in the funds, but in the companies that are invested into. What this would do: Ensure the market driven and competition focused allocation of funds Give EU VCs more ability to take big bets Europe keeps benefitting from companies’ future profits/growth even if sold outside of EU A foreboding example: If we compare Saudia Arabia with Dubai we might see how things play out if we primarily keep giving grants to people. Dubai is managing to develop an economy outside of the dependence on oil. They do that by stepping in as a co-investors in projects that have market driven private funding secured. Saudi Arabia on the other hand is projected to have a risk of bankruptcy because their model is a centrally planned “grant making”-first approach for mega projects by MBS that are missing out on key market driven validation of those projects. This feels similar to the grant-making vs. investment approach of the EU vs US.
eu/acc
25 days ago
European Venture Fund instead of H2020
The problem: Something like 40% of companies who got Horizon2020 funding and that are sold, are sold off to investors outside of the EU, taking upside and talent with them. Grant making organisations like the H2020 or their money distributors are disconnected from the market, making poor investment decisions into projects that should not be funded in the first place (or would never get money on the public market). Success rate of H2020 funded companies is IIRC about 3x less than the public market. There is no incentive to be better for those grant making organisations. They don’t use their own money. No skin in the game. No reward if things go well, no punishment if not. Europe’s VC ecosystem is very risk averse for a variety of reasons like tax regulation and culture making check sizes usually very small compared to e.g. US and China. Potential solution: A pan european network of venture funds or matching pools that have backing by European public funds, and to which the EU becomes a key shareholder to - not in the funds, but in the companies that are invested into. What this would do: Ensure the market driven and competition focused allocation of funds Give EU VCs more ability to take big bets Europe keeps benefitting from companies’ future profits/growth even if sold outside of EU A foreboding example: If we compare Saudia Arabia with Dubai we might see how things play out if we primarily keep giving grants to people. Dubai is managing to develop an economy outside of the dependence on oil. They do that by stepping in as a co-investors in projects that have market driven private funding secured. Saudi Arabia on the other hand is projected to have a risk of bankruptcy because their model is a centrally planned “grant making”-first approach for mega projects by MBS that are missing out on key market driven validation of those projects. This feels similar to the grant-making vs. investment approach of the EU vs US.
eu/acc
25 days ago
Bitcoin based government payments
Use a bitcoin system for government payments to secure that payments can only be used for the right purpose. Social security payment could be locked to only be used for food, rent etc Same for government contracts.
eu/acc
About 1 month ago
Bitcoin based government payments
Use a bitcoin system for government payments to secure that payments can only be used for the right purpose. Social security payment could be locked to only be used for food, rent etc Same for government contracts.
eu/acc
About 1 month ago
One KYC portal
Create a Europe wide portal with all necessary information for any KYC process, bank account opening, company registration. It could be created in a way where the data owner could give relevant parties access to the verified information. This would reduce cost, bureaucracy and increase speed.
eu/acc
About 1 month ago
One KYC portal
Create a Europe wide portal with all necessary information for any KYC process, bank account opening, company registration. It could be created in a way where the data owner could give relevant parties access to the verified information. This would reduce cost, bureaucracy and increase speed.
eu/acc
About 1 month ago
One bank
It should be possible to have one bank operating in all European markets. It should be with a EUXXXXXXXXX IBAN number.
eu/acc
About 1 month ago
One bank
It should be possible to have one bank operating in all European markets. It should be with a EUXXXXXXXXX IBAN number.
eu/acc
About 1 month ago
Make it illegal for banks to de-bank based on arbitrary bank policy.
Banks can de-bank you based on arbitrary bank policies. This is crazy. The law is the law and your bank account should only be closed if the bank can prove by court of law that your actions are strictly illegal. This means, if you want to buy crypto, or any other frowned-upon, yet legal, services or goods you have law given rights to do so without risking having your bank account shut off for no legal reason other than the bank simply disliking your activity. Make it illegal or shut up. The bank should not be able to arbitrarily select rules for its customers, like a cartel, and censor the free market by making certain markets de-facto illegal.
eu/acc
About 2 months ago
Make it illegal for banks to de-bank based on arbitrary bank policy.
Banks can de-bank you based on arbitrary bank policies. This is crazy. The law is the law and your bank account should only be closed if the bank can prove by court of law that your actions are strictly illegal. This means, if you want to buy crypto, or any other frowned-upon, yet legal, services or goods you have law given rights to do so without risking having your bank account shut off for no legal reason other than the bank simply disliking your activity. Make it illegal or shut up. The bank should not be able to arbitrarily select rules for its customers, like a cartel, and censor the free market by making certain markets de-facto illegal.
eu/acc
About 2 months ago
Give people speeding fines on percentage....
In Finland, speeding fines are based on the driver's daily income, resulting in sky-high fines. The daily fine system ensures that wealthy drivers pay more for speeding offences, while less wealthy drivers pay less. For serious speeding offences, fines can exceed $100,000. The fines are calculated based on the driver's income, which ensures a fairer punishment. For minor offenses, an administrative fine usually applies, which can be as high as €121,000 for serious offenses. This system is designed to ensure fairness and prevent wealthy drivers from paying ridiculously low fines for offenses. Fine counter - Police
eu/acc
About 2 months ago
Give people speeding fines on percentage....
In Finland, speeding fines are based on the driver's daily income, resulting in sky-high fines. The daily fine system ensures that wealthy drivers pay more for speeding offences, while less wealthy drivers pay less. For serious speeding offences, fines can exceed $100,000. The fines are calculated based on the driver's income, which ensures a fairer punishment. For minor offenses, an administrative fine usually applies, which can be as high as €121,000 for serious offenses. This system is designed to ensure fairness and prevent wealthy drivers from paying ridiculously low fines for offenses. Fine counter - Police
eu/acc
About 2 months ago
Strict on criminals
There should be a picture of Nayib Bukele in every European Leaders office. They can only take down the picture when criminality rates have dropped just as much. Under that picture there should be a sentence saying “You are richer than me, why aren’t you as safe as me?” .
eu/acc
2 months ago
Strict on criminals
There should be a picture of Nayib Bukele in every European Leaders office. They can only take down the picture when criminality rates have dropped just as much. Under that picture there should be a sentence saying “You are richer than me, why aren’t you as safe as me?” .
eu/acc
2 months ago
Strict on Criminals.
There should be a picture of Nayib Bukele in every European Leaders office. They can only take down the picture when criminality rates have dropped just as much. Under that picture there should be a sentence saying “You are richer than me, why aren’t you as safe as me?” .
eu/acc
2 months ago
Strict on Criminals.
There should be a picture of Nayib Bukele in every European Leaders office. They can only take down the picture when criminality rates have dropped just as much. Under that picture there should be a sentence saying “You are richer than me, why aren’t you as safe as me?” .
eu/acc
2 months ago
iPhone mirroring ♥️
Innovation being blocked at deep levels. Why is it that iPhone mirroring an amazing feature by Apple that would help with so many tasks and truly provide a cohesive workflow has been blocked for almost 2 years since launch?
eu/acc
2 months ago
iPhone mirroring ♥️
Innovation being blocked at deep levels. Why is it that iPhone mirroring an amazing feature by Apple that would help with so many tasks and truly provide a cohesive workflow has been blocked for almost 2 years since launch?
eu/acc
2 months ago
Strategy for success
The West is a global minority, and we are setting ourselves up for failure through self-imposed regulations and the distorted incentives they create. We make manufacturing difficult at home while allowing unrestricted trade with countries like China that face none of the same regulatory burdens, especially on CO₂ and environmental impact. Every factory that closes here only to reopen in China represents a loss of jobs, tax revenue, social-security contributions, expertise, and dual-use industrial capacity. It is absurd that I can order from Tencent with no taxes, tariffs, or shipping costs, yet cannot do the same when ordering from Amazon in the United States. TL;DR: The West needs more free markets inside, but firm realpolitik and protectionism outside. We must take transatlantic trade integration seriously. We need to create jobs at home and ensure we are never dependent on China as a sole supplier of anything. We must discourage publicly listed Western companies from deepening investments in China, because national security matters more than short-term profit growth. Yes, competition and free markets are essential, but not when they enable China to gain strategic dominance. PS: “The West” includes not only North America and Europe but also democratic countries with similar institutions, such as Japan and South Korea.
eu/acc
2 months ago
Strategy for success
The West is a global minority, and we are setting ourselves up for failure through self-imposed regulations and the distorted incentives they create. We make manufacturing difficult at home while allowing unrestricted trade with countries like China that face none of the same regulatory burdens, especially on CO₂ and environmental impact. Every factory that closes here only to reopen in China represents a loss of jobs, tax revenue, social-security contributions, expertise, and dual-use industrial capacity. It is absurd that I can order from Tencent with no taxes, tariffs, or shipping costs, yet cannot do the same when ordering from Amazon in the United States. TL;DR: The West needs more free markets inside, but firm realpolitik and protectionism outside. We must take transatlantic trade integration seriously. We need to create jobs at home and ensure we are never dependent on China as a sole supplier of anything. We must discourage publicly listed Western companies from deepening investments in China, because national security matters more than short-term profit growth. Yes, competition and free markets are essential, but not when they enable China to gain strategic dominance. PS: “The West” includes not only North America and Europe but also democratic countries with similar institutions, such as Japan and South Korea.
eu/acc
2 months ago
Direct democracy
We need faster feedback loops to correct errors in EU legilation / regulation. Adopt Swiss direct democracy on the EU level, allowing initiatives to hold refererendums when enough signatures can be collected.
eu/acc
2 months ago
Direct democracy
We need faster feedback loops to correct errors in EU legilation / regulation. Adopt Swiss direct democracy on the EU level, allowing initiatives to hold refererendums when enough signatures can be collected.
eu/acc
2 months ago
Tax crypto holdings when sold, not when exercised
Europe should harmonize crypto tax policy on crypto holdings to tax them only when sold to fiat / services, not when exercised (like in France!?!), so that it can compete globally in attracting top talent and entrepreneurs. Taxing crypto holdings at the point of exercise creates significant financial pressure for employees, founders and users, who may not have liquid assets to cover the tax. This discourages risk-taking, limits the appeal of startup equity, and ultimately stifles innovation. Aligning taxation with when gains are realized (at the point of sale) would better reflect actual income, reduce financial risk, and level the playing field with countries like the US, which already implement such policies. This harmonisation would means Europe can attract the top talent in Europe and worldwide to launch and join crypto startups in Europe.
eu/acc
2 months ago
Tax crypto holdings when sold, not when exercised
Europe should harmonize crypto tax policy on crypto holdings to tax them only when sold to fiat / services, not when exercised (like in France!?!), so that it can compete globally in attracting top talent and entrepreneurs. Taxing crypto holdings at the point of exercise creates significant financial pressure for employees, founders and users, who may not have liquid assets to cover the tax. This discourages risk-taking, limits the appeal of startup equity, and ultimately stifles innovation. Aligning taxation with when gains are realized (at the point of sale) would better reflect actual income, reduce financial risk, and level the playing field with countries like the US, which already implement such policies. This harmonisation would means Europe can attract the top talent in Europe and worldwide to launch and join crypto startups in Europe.
eu/acc
2 months ago
EU wide tax free investing account
The idea is to implement an EU-wide, UK-style Roth ISA, where you can invest up to a certain amount without paying any taxes on it, including on sales and dividends. This would be especially useful for addressing the retirement crisis and for helping Europeans build wealth from a young age. Why a limited amount? Because unlimited contributions would never be approved. However, even a cap of around €20,000 per year would be revolutionary. Why EU-wide? Because it would incentivize Europeans to invest in European companies and startups. This system would also bring several key benefits: it would give young people greater financial independence by encouraging long-term saving habits, provide more capital for European innovation by directing investment toward EU companies, create a unified internal market for retail investing instead of today’s fragmented national systems, and reduce brain drain by making Europe more attractive for young talent who want better ways to build wealth at home.
eu/acc
2 months ago
EU wide tax free investing account
The idea is to implement an EU-wide, UK-style Roth ISA, where you can invest up to a certain amount without paying any taxes on it, including on sales and dividends. This would be especially useful for addressing the retirement crisis and for helping Europeans build wealth from a young age. Why a limited amount? Because unlimited contributions would never be approved. However, even a cap of around €20,000 per year would be revolutionary. Why EU-wide? Because it would incentivize Europeans to invest in European companies and startups. This system would also bring several key benefits: it would give young people greater financial independence by encouraging long-term saving habits, provide more capital for European innovation by directing investment toward EU companies, create a unified internal market for retail investing instead of today’s fragmented national systems, and reduce brain drain by making Europe more attractive for young talent who want better ways to build wealth at home.
eu/acc
2 months ago
EU-wide legal standard for crypto equity in startups
Create a simple EU legal framework for “crypto stock options” so early-stage startups can reward partners, builders and first believers with tokenized equity instead of cash. Standard rules across Europe would make it easy and safe to give and receive upside from day one.
eu/acc
2 months ago
EU-wide legal standard for crypto equity in startups
Create a simple EU legal framework for “crypto stock options” so early-stage startups can reward partners, builders and first believers with tokenized equity instead of cash. Standard rules across Europe would make it easy and safe to give and receive upside from day one.
eu/acc
2 months ago
GDPR relief for public health and research purposes
Decrease GDPR requirements and limitations for public health and research use of medical data. This non-sense has to stop.
eu/acc
2 months ago
GDPR relief for public health and research purposes
Decrease GDPR requirements and limitations for public health and research use of medical data. This non-sense has to stop.
eu/acc
2 months ago