346900+ entries in 0.219s
ben_vulpes: yes.
that's a joke about stock in startups.
assbot: Logged on 23-01-2016 02:07:25; ben_vulpes:
toilet paper, and i ain't
talkin equity!
ben_vulpes: again with
the not reading
the
threads omg!
assbot: Logged on 23-01-2016 01:40:55; mircea_popescu:
they didn't want
to make a simple "stock ownership for employees is STRICTLY reserved for employees making over 500k a year and over
the age of 50" for obvious reasons
assbot: Logged on 23-01-2016 01:57:53; ben_vulpes: relatedly, how does one grow worthy of
the golden dirigible? kill everyone between you and it? does
this hold for
the smith? what about brunel?
ben_vulpes: apparently i'm so scary i'm
the only one
taking
the wine^H^H^H^Htoilet paper home
assbot: Logged on 22-01-2016 20:50:17; BingoBoingo: We only got 3 or 4 inches of snow. Yet rather
than remove it derps drive over it until it refreezes into a slick
that doesn't remove so easily
ben_vulpes: relatedly, how does one grow worthy of
the golden dirigible? kill everyone between you and it? does
this hold for
the smith? what about brunel?
☟︎ ben_vulpes: i am now confronted with
the difficult question of what
the fuck i'm doing even owning my own stock.
ben_vulpes: life would be more like you don't get
them when you need
them.
ben_vulpes: years of slaving for nuggets of insight once or
thrice a quarter
mircea_popescu: hey,
they don't pay me $infinity + bonuses + golden dirigibles for nothing.
ben_vulpes: i realized
that
the shartup bezzletron actually got
this right
mircea_popescu: even if
through whatever arcana you get it "good enough" for
the current context you happen
to inhabit, such as your room.
mircea_popescu: you're
trying
to meld
two
things
together
that will never, ever stay put as
temperature varies.
mircea_popescu: their needs (represented by copper in
this diagram) and
the realities of owning stock in a small venture (represented by iron in same) have very different reactions
to a change in financial context (represented as
temperature)
mircea_popescu: there is absolutely no reason people who make 30 an hour should own stock ; and if
they did it certainly shouldn't be yours.
ben_vulpes: explain
the parallel in a little more detail?
mircea_popescu: imo you're
trying
to make a copper-iron
thermostable alloy.
ben_vulpes: and as a result, my equitizing
the staff is miserably difficult.
mircea_popescu: but
the alternative is drinking straight crazy from a
toilet bowl.
mircea_popescu: the only correct solution is
to pay in stock only. you do get alf moaning about his sad fate as an owner of his own fate,
ben_vulpes: fucktarded
teen still gets hoodwinked with worthless paper regularly.
mircea_popescu: the result is
that
they have
to make an endless array of rules
to approximate "not entirely fucktarded
teen".
ben_vulpes: i had
to explain how buy-and-hold of non-dividend-paying-stocks
the other day wasn't forgoing compounding.
mircea_popescu: they didn't want
to make a simple "stock ownership for employees is STRICTLY reserved for employees making over 500k a year and over
the age of 50" for obvious reasons
☟︎ mircea_popescu: the problem here, and it's a fundamental problem, is
that
the derps
that get employed aren't usually investor grade.
ben_vulpes: wall street and congress got a hold of
the notion and now
there are all sorts of arcane bezzle-quirements like "must get valued by a state-blessed valutron", "must be investment grade paper" etc.
ben_vulpes: the insane fucking rules around ESOPs. i
tell you.
ben_vulpes: hey man i'm just
trying
to get cash in
the kids pockets while paying as little
taxes on it as possible
mircea_popescu: well, it's your fucking
toilet paper and what sort of people are
these.
ben_vulpes: i don't see
the problem with embezzling a reasonable amount of
toilet paper. it's a valid business expense, and
the staff don't get
taxed for it.
mircea_popescu: all of
the defense (you know, picking up when people steal
toilet paper), none of
the offense, none of
the good stuff, like making
the
team not suck dicks.
ben_vulpes: except for
the ones who are not and who don't want anything
to do with my asbestos gloves.
mircea_popescu: "What are you, you're a secretary, John. Fuck you.
That's my message for you."
ben_vulpes: i
think
that i hate managing projects.
assbot: Logged on 22-01-2016 23:19:28; asciilifeform: quite odd
that nobody has yet (afaik) demonstrated
this.
mircea_popescu: "As for having fat pets,
this shows
that
they have no concept of portion control. An animal will eat anything you put in front of it." <<
this is nonsense.
mircea_popescu: uh. weren't q&q quartz
timepieces like 10-20 bux since forever ?
pete_dushenski: who wouldn't want an over-priced
timepiece manufactured by hobos ? not ~real~ americans !!!1
pete_dushenski: ndergoes intense, strict
training. None of
them had any watchmaker experience before. In short, not only did Shinola create jobs,
they gave Detroit natives
the
training
to do
those jobs.
That’s a pretty fucking noble cause, if you ask me."
pete_dushenski: from
the mines : "Make no mistake. Shinola watches are battery-powered, quartz movement watches.
They’re not automatics. One could question whether or not a battery-powered watch justifies a $550-$1,000+ price. However,
the quartz movements are made by
their Swiss partners, Ronda AG, and
then are sent
to
the 30,000 square foot Detroit factory where Shinola created dozens of jobs for Americans. Each Shinola watchmak
pete_dushenski: btc-e
trading higher
than bistamp, which is itself
trading higher
than bitfinex... don't
think i've ever seen
that before.
assbot: Logged on 11-01-2016 03:49:35; gribble: mike_c was last seen in #bitcoin-assets 9 weeks, 3 days, 2 hours, 38 minutes, and 15 seconds ago: <mike_c> let's get
that
thing out
the door and get alf some goddamn bitcoin already
gribble: moiety was last seen in #bitcoin-assets 1 year, 13 weeks, 6 days, 13 hours, and 4 seconds ago: <moiety> i have
to go, it was nice
to see yous
gribble: artifexd was last seen in #bitcoin-assets 39 weeks, 2 days, 2 hours, 30 minutes, and 40 seconds ago: <artifexd> I'm comfortable calling it a review. Not just of what it is but what it was and how it got
to where it is.
gribble: mike_c was last seen in #bitcoin-assets 11 weeks, 0 days, 23 hours, 35 minutes, and 40 seconds ago: <mike_c> let's get
that
thing out
the door and get alf some goddamn bitcoin already