99900+ entries in 2.256s
ninjashogun: The question isn'
t whether it was built - but how many Romanian cofounders or investors were on board?
ninjashogun: mircea_popescu, I don'
t mean to pick on Romania. For many of my examples I'm really thinking of Hungary, and using it as an analogy.
ninjashogun: asciilifeform, can you imagine doing due dilligence on a company that isn'
t even registered? That means only best friends can invest. Your pool of potential investors is literally limited to 7-20 people, no matter who you are in Romania. (Because that's how many people you trust through highschool.)
BingoBoingo: mircea_popescu: Maybe in limited cases, but The US isn'
t quite Norway or Denmark
BingoBoingo: ninjashogun: That doesn'
t mean you can'
t grab a tire iron and supply a pawn shop with tvs until your enterprize is "funded"
ninjashogun: I don'
t know if it's evil or not but it's factually mistaken.
ninjashogun: mircea_popescu, I don'
t know about the criminals, generally they're not very smart. But I do know about founders and creating something.
mircea_popescu: generally, the prisons are full of people who perceived they can'
t afford to play their chosen game and decided to try and play anyway.
ninjashogun: mircea_popescu, also, if my investors don'
t know of them, i can'
t leverage their background to get an investment, either.
mircea_popescu: you don'
t know the names of all the dudes that you don'
t know the names of.
ninjashogun: asciilifeform, again, this is why I mention that Steve Jobs (a kid who stole $5000 from his best and only friend to start Apple), Mark Zuckerberg (a guy who scammed a map website guy out of $2000 to start facebook), and Larry Page (a poor grad student who had to give $50B away in equity to get an immigrant to code up his Larry Page Rank), also did not have the means to play.They couldn'
t play. They did anyway.
ninjashogun: But you can'
t show an investor a mockup, and a bundle of wires, and say, imagine if the latter looked like the former!
ninjashogun: Note that the wireless portion doesn'
t exist at all. I don'
t even have a specan (spectrum analyzer). The only eqiupment I developed is with large arduinos, as well as mockups of what it could look like.
ninjashogun: I don'
t mean to say anything about hte level of ambition you have in your hardware startup but usually a certified lab for developing ours costs $60K, which I am going to do on about $8K in used eBay equipment.
ninjashogun: asciilifeform, in startups, on the other hand, it's usual to build an MVP using processes that don'
t scale, and without spending much money, until financing is secured.
ninjashogun: asciilifeform, sorry - I don'
t get your analogy?
ninjashogun: I was extended this loan (basically) we did up paperwork for it and then I've been trying to collect it for over 5 weeks without luck. I can'
t get back in contact wiht the person (after exchanging many forms of contact). so so much after how easy it is to get a loan.
ninjashogun: I don'
t have the time to take employment, even temporarily. Two months ago I was invited to give a demo with the working prototype as part of closing a $150K investment. I need to finish it.
ninjashogun: asciilifeform, because banks don'
t consider incorporated companies with assigned intellectual property to be meaningful collateral?
ninjashogun: asciilifeform, because I don'
t have assets?
ninjashogun: asciilifeform, yes, you are quite mistaken in your understanding that I don'
t like the paying back part.
ninjashogun: asciilifeform, "then borrow it from whoever". Funny how that goes, isn'
t it? That loan is how I came into this channel. It doesn'
t work like that.
ninjashogun: asciilifeform, I don'
t know how to turn it into $8.5M. If I did I wouldn'
t be talking about the next 40 years, would I?
mircea_popescu: they can harp about obscure currency nobody heard about, they still won'
t bow to bitcoin
ninjashogun: That doesn'
t mean I consider it a lot of money.
ninjashogun: I don'
t htink $8.5M is a fortune. if I had that in cash today I wouldn'
t sit on it, I would do further startups.
ninjashogun: I don'
t have to be zuck to repay $8.5M. Tens of thousands of people can do it, not just a few hundred billionaires.
ninjashogun: steve jobs could have borrowed $5000 from you and relent 500x as much. But you wouldn'
t have been interested. That is $2.5M.
ninjashogun: is this about the money jobs didn'
t share?
mircea_popescu: you don'
t understand dood, i read in the guardian that the us caught a bunch of russian spies by displaying a dazzling array of technical superiority.
mircea_popescu: ninjashogun counterfactuals are good for reddit masturbation. this isn'
t a good venue for it.
ThickAsThieves: i did end up with some with some ATC, but haven'
t had the chance to keep up with it. it seems without tender loving care it cannot thrive.
ninjashogun: There was a story about an MVP with fake buttons that didn'
t do anything - they just said "Download as Excel File" for example and see who clikced on it to guage interest.
only: much love ughlol, don'
t give up the good fight
mircea_popescu: anyway : there isn'
t a magical word manipulation thing that makes businesses.
ninjashogun: they don'
t really have enough information - never give them enough information to act like an idiot.
ninjashogun: For example, notice if instead of your actual idea you had said, you have an idea for a local app based on a new way of connecting people. Then they can'
t object. They would sound like idiots, because there is no way that EVERY possible local app is a bad idea.
ninjashogun: ughlol it doesn'
t matter what Dimsler thinks or (more likely) says
ninjashogun: benkay - as I probably mentioned, ughlol is not "founder material", today, in several senses. He is in India, with a very poor VC network, he is currently a university student who has never run a business, and he does not have a personal network that makes him investable. I don'
t necessarily suggest investing in him today.
BingoBoingo: benkay: Don'
t forget the part where generally grad students are physically, emotionally, and morally broken... Or Aspies
ughlol: mircea_popescu: you didn'
t tell me, you said I need to change the idea. Completely? In what way?
ninjashogun: ughlol, you can interact with him here. But I woudn'
t solicit funding at this stage.
ninjashogun: When you buy a lottery ticket you get less than a dollar on each dollar you spend. (on average). But investments aren'
t the same.
mircea_popescu: ThickAsThieves didn'
t even ask and ended up with "his" altcoin financed lol
mircea_popescu: you don'
t have the position to promote that particular thing. you need a different idea.
ninjashogun: ughlol - access to mirceau (I just read the most recent few lines, haven'
t been reading scrollback) is, as he correctly states, a VERY good opportunity
mircea_popescu: you can'
t try to leverage that into something that otherwise costs a whole lot of money.
ughlol: I know im practically nothing, and probably don'
t even deserve talking to someone like you.
ughlol: no BingoBoingo.. I haven'
t..
nubbins`: most people don'
t get that far
ughlol: And just because you're trolls doesn'
t mean you can talk shit about it! :)
ninjashogun: i wanna be a billionaire - and a programming job can'
t even make me a millionaire - id have to struggle hard just to make ends meet
benkay: ninjashogun: you ain'
t introducing shit we already ran him out of here.
ninjashogun: I'd like you to read through it and apologize. no way would I fabricate this, with timestamps, just for some 'scam'. I also don'
t know him personally.
jurov: and you dn'
t even want to read it
jurov: you don'
t discuss, you just pew out nonsense
jurov: grindr doesn'
t do rape afaik
BingoBoingo: Wait, isn'
t this just what Tinder and Grindr do?
jurov: wasn'
t that the rape stuff?
Dimsler: it doesn'
t count if they are you minions
artifexd: I can state with certainty that Ecuador has rules requiring notrized documentation from the not-present parent for taking a child out of the country. The US doesn'
t.
artifexd: She won'
t, but mom and I will.
mircea_popescu: i mean for one thing you can'
t even get one till you're 18 in many places
mircea_popescu: "women in tech", but only for just as long as a) they're stupid and b) they don'
t ever do anything let alone make calls.
☟︎ mircea_popescu: which is how i conclude silicon valley ain'
t got much more life left in it.
mircea_popescu: obviously this isn'
t liable to happen in any venue that's doomed.
mircea_popescu: i wish some of those "business leaders" or w/e they are actually came forward to plainly state that they don'
t care, they'll never care, and the peons can get back to the mine.
lopp: as yeezus noted, we don'
t really know enough to say whether or not these numbers should be underwhelming. I'm of the opinion that we don'
t have enough insight into the load that the nodes are bearing.
bitcoinyeezus: (just 'cause it has Satoshi in the client string doesn'
t mean shit about the authors)
mircea_popescu: wasn'
t ethereum more like a new ripple than a new bitcoin ?
artifexd: It is named in a comment. Variables don'
t contain the name.
Dimsler: microtransactions of that nature aren'
t possible
mircea_popescu: didn'
t they call a general mobilisation nobody showed ?
mircea_popescu: they rationalize away "oh but bitcoin will never be smarter than us". sure it won'
t. then mp comes, and you're beyond fucked.
wao-ender: > i don'
t see how they can make that up from shipping 3-4 tons of mangosteens