00:06:38 *** pzuraq has quit (Ping timeout) 00:08:50 *** cayce has parted #crytocc (Bye!) 00:15:35 *** pzuraq (pzuraq@cryto-47C72A5F.ucsc.edu) has joined #crytocc 00:21:52 *** dorotea (dorotea@cryto-A25E48FA.hsd1.ca.comcast.net) has joined #crytocc 00:22:45 *** dorotea has parted #crytocc (Bye!) 00:25:04 *** mama has quit (Ping timeout) 00:37:28 *** dorotea (dorotea@dorotea.users.cryto) has joined #crytocc 00:43:46 *** pzuraq has quit (Input/output error) 00:47:40 *** Riddler (Riddler@cryto-1D9B597A.hsd1.ca.comcast.net) has joined #crytocc 00:54:42 *** ElectRo` (x@cryto-84C88BCC.torservers.net) has joined #crytocc 01:07:56 *** Riddler has quit (Ping timeout) 01:15:54 *** dpk has quit (User quit: My MacBook Pro has gone to sleep. ZZZzzz…) 01:55:10 *** DrWhat (Snake@DrWhat.users.cryto) has joined #crytocc 01:55:15 Hey guys 01:55:22 who wants to say Fuck you to amd 01:55:24 I do 01:55:37 Fuck you AMD i beat your Broken ass SDK 01:55:42 :D 01:56:00 I can mine again :D 02:05:05 *** T0R_till (T0R_till@cryto-598ED319.us-west-1.compute.amazonaws.com) has joined #crytocc 02:06:26 *** T0R_till has quit (User quit: Connection closed) 03:19:33 04FichteFoll made 7 commit(s) to 03package_control_channel on branch 10master: '02add ResponsiveBoilerplate', '02add label and fixed url', '02adjust for alphabetical order', '02fix url to the right repository', '02fixed whitespace on line 905', '02Fixed new line for brackets.', '02Merge pull request #2313 from newaeonweb/masteradd ResponsiveBoilerplate' (https://github.com/wbond/package_control_channel/compare/8697d7572e...485 03:35:27 *** pzuraq (pzuraq@cryto-BAE76FBA.hsd1.ca.comcast.net) has joined #crytocc 04:00:49 *** pzuraq has quit (Input/output error) 04:18:10 *** pzuraq (pzuraq@cryto-BAE76FBA.hsd1.ca.comcast.net) has joined #crytocc 04:25:27 *** Thor has quit (User quit: Quitte) 07:03:50 *** RMON_MRTG has quit (Input/output error) 07:33:08 *** pzuraq has quit (Input/output error) 08:46:11 *** joepie91 (joepie91@cryto-3E6002EF.direct-adsl.nl) has joined #crytocc 08:48:59 *** foolex has quit (Ping timeout) 08:52:11 *** foolex (foolex@5D6B0912.EC145393.9A74EEF1.IP) has joined #crytocc 08:58:46 *** MrPinky has quit (Client exited) 08:59:52 *** MrPinky (MrPinky@F1987B83.AC927571.8EAF9109.IP) has joined #crytocc 09:04:49 *** blackcyber (blackcyber@blackcyber.users.cryto) has joined #crytocc 09:43:31 *** foolex has quit (Ping timeout) 09:46:09 *** foolex (foolex@5D6B0912.EC145393.9A74EEF1.IP) has joined #crytocc 09:51:07 *** complex_ (litehode@1FB20456.69AC617A.F6E1C77B.IP) has joined #crytocc 09:51:40 *** complex has quit (Ping timeout) 10:00:56 *** MrPinky2 (MrPinky@cryto-C630644E.is.a.tor.exit.server.torland.is) has joined #crytocc 10:00:59 hey 10:01:15 joepie91 did u had a chance to look at the wiki issue? 10:05:59 *** johannah_q836 has quit (Client exited) 10:11:33 *** stephen-y2036 (stephen-y2@8F4047C6.D019B76A.F9B7E07A.IP) has joined #crytocc 10:12:25 *** stephen-y2036 has quit (Client exited) 10:14:01 *** geoffrey-g794 (geoffrey-g@C18E50A6.A35EDE6D.9BF48D28.IP) has joined #crytocc 10:27:10 *** complex_ has quit (Input/output error) 10:27:38 *** complex (litehode@complex.users.cryto) has joined #crytocc 10:43:46 *** twitchyliquid64 (twitchyliq@cryto-4C6807BE.cinfuserver.com) has joined #crytocc 10:43:54 joepie91: greetings 10:46:32 .btc 10:46:37 .price btc 10:46:41 :( 11:05:03 *** MRdjst0rm (MRdjst0rm@cryto-27931BD5.us-west-1.compute.amazonaws.com) has joined #crytocc 11:06:24 *** MRdjst0rm has quit (User quit: Connection closed) 11:13:25 twitchyliquid64: hai 11:13:26 .bitcoin 11:13:27 1 BTC = $941.00, 1 BTC = €754.00 11:13:27 :P 11:25:43 *** blackcyber has quit (User quit: Page closed) 11:28:51 joepie91: I have something awesome to show you 11:43:37 * twitchyliquid64 pokes joepie91 with a stick 11:51:49 *** dpk (r00t@89FA2E9A.7C24B937.AC0D2ABE.IP) has joined #crytocc 12:02:59 *** iceTwy (iceTwy@cryto-610769D0.fbx.proxad.net) has joined #crytocc 12:09:33 *** multihate has parted #crytocc (None) 12:25:17 *** iceTwy has quit (Ping timeout) 12:36:23 twitchyliquid64: sorry, was at the store 12:36:24 show me 12:36:25 ! 13:07:22 can i see too 13:07:31 joepie91 !!! 13:07:41 ( 01:55:05 ) ( DrWhat ) Hey guys 13:07:41 ( 01:55:13 ) ( DrWhat ) who wants to say Fuck you to amd 13:07:41 ( 01:55:15 ) ( DrWhat ) I do 13:07:42 ( 01:55:27 ) ( DrWhat ) Fuck you AMD i beat your Broken ass SDK 13:07:42 ( 01:55:33 ) ( DrWhat ) :D 13:07:42 ( 01:55:50 ) ( DrWhat ) I can mine again :D 13:07:45 :D 13:10:10 *** RMON_MRTG (RMON@cryto-88F70BC8.cloud.ec) has joined #crytocc 13:10:13 hi 13:12:22 http://sidigital.co/sid 13:13:29 *** mama (me@cryto-14DACE65.torproxy-readme-arachnide-fr-35.fr) has joined #crytocc 13:14:57 .title 13:14:58 DrWhat: Si digital presents Sid our office robot 13:18:08 [14.23 Mkey/s][total 307260030976][Prob 92.5%][95% in 7.2min][Found 16] 13:18:12 CMON 13:18:27 last one 13:26:18 *** frosty (frosty@cryto-9904015.dfri.se) has joined #crytocc 13:40:37 yay 13:40:46 I need now 17 vality keys all for me slef 14:05:55 *** MrPinky2 has quit (Ping timeout) 14:15:32 http://www.reddit.com/r/Bitcoin/comments/1s5h54/inb4_chinese_panic_china_is_not_against_bitcoin/ 14:15:41 "In fact, deputy governor of the PBC has stated that individuals have the right to partake in the bitcoin economy as they wish [3]. This new piece of news should only make us happy: banks are NOT ALLOWED, and people ARE ALLOWED." 14:18:10 HA 14:18:15 "Valve joins Linux Foundation" 14:22:41 bahahaha 14:22:42 http://www.businessinsider.com/baml-initiates-coverage-on-bitcoin-2013-12 14:22:58 "Assuming Bitcoin becomes (1) a major player in both e- commerce and money transfer and (2) a significant store of value with a reputation close to silver, our fair value analysis implies a maximum market capitalization of Bitcoin of $15bn (1BTC = 1300 USD)." 14:23:14 cute, wall street analysts trying to make sense of BTC 14:24:13 .title http://www.policeone.com/police-administration/articles/6643566-Chief-asks-to-be-paid-in-Bitcoin-city-approves/ 14:24:16 joepie91: Chief asks to be paid in Bitcoin, city approves 14:24:17 wtf is going on today :P 14:34:24 excellence is going on today 14:50:07 it seems so 14:50:09 also 14:50:13 for completeness' sake 14:50:16 .welcome dorotea 14:50:16 dorotea: welcome to #crytocc! Please be aware that this channel is publicly logged, and make sure to read the rules in the channel topic. You may hide messages from the public logs by prefixing them with [off]. 14:50:22 .welcome RMON_MRTG 14:50:22 RMON_MRTG: welcome to #crytocc! Please be aware that this channel is publicly logged, and make sure to read the rules in the channel topic. You may hide messages from the public logs by prefixing them with [off]. 14:50:23 :P 14:50:30 joepie91:) lol 14:50:33 ahhh 14:50:35 identified! 14:50:40 :3 14:50:42 :) 14:50:51 had a suspicion 14:50:54 but figured I'd check 14:51:05 er 14:51:06 wrong word 14:51:08 I suspect btc would go higher than 15bn market cap just to piss on wall st analysts 14:51:12 but figured I'd .welcome anyway * 14:51:14 also lol 14:51:16 haha 14:51:20 I can really see that happening 14:51:33 even if just a few people with a lot of money being in a trollish mood 14:51:59 yap 14:52:09 oh 14:52:18 I need to send a complaint to the Lidl still 14:52:28 they stopped selling the usual freezer bags 14:52:29 it'll settle back down, they'll call it a bubble, everybody gets a news cycle on bitcoin and nobody on wallst is the wiser 14:52:38 and have stupid ziplock versions now 14:52:43 awh 14:52:48 more expensive, and you can't cook them 14:52:56 and lol 14:54:37 (next week it'll rise in price by 50% again and restabilize lol) 14:54:57 cause new people + btc = higher market cap 14:55:34 if some hedge funds try to come in and buy btc, we're going to be surfing that price wave into the sunset lol 14:55:58 also shit 14:56:03 it's 0C here right now 14:56:05 so fucking cold 14:59:17 hmm, google started marking ads with a little yellow AD sticker 14:59:25 I appreciate it 15:01:51 hmm 15:01:56 you know what's funny to me? 15:02:02 facebook never encourages curation 15:02:23 so they get all the things you've ever liked, for example, and much less insight on what you like NOW 15:02:42 well fuckers, maybe I don't like the music from 8th grade anymore 15:02:43 lol 15:09:14 *** MrPinky2 (MrPinky@CA4CFCE9.16B6A489.21E16508.IP) has joined #crytocc 15:22:31 *** Charles (Charles@Charles.users.cryto) has joined #crytocc 15:22:47 .bitcoin 15:22:48 1 BTC = $998.00, 1 BTC = €818.00 15:22:54 cause new people + btc = higher market cap 15:23:05 funny part is that wall street people most likely won't realize this 15:23:20 they appear very intent on applying inflationary currency theories to Bitcoin 15:23:40 I've noticed this behaviour quite alot 15:23:41 a lot * 15:24:06 *** Charles has quit (Client exited) 15:24:23 sure, they know a lot about inflationary currencies, but their approaches are so set in stone that they try to apply it to absolutely -everything- without first reasoning whether their theories hold true for something that isn't something they usually work with 15:24:37 not everybody does that, but an alarming majority seems to 15:34:37 lol maslow's hammer 15:41:19 why is it still 1c out 15:41:23 such sadness 15:42:24 its 6c here and thats pretty damn cold 15:42:32 windy and overcast 15:43:33 it's perfectly clear here, that's why it's so bad 15:43:48 no wind, apparently, but the weather thing is full of shit 15:43:50 there's always wind 15:45:01 *** multihate (root@multihate.users.cryto) has joined #crytocc 15:54:28 http://prntscr.com/28wbix 15:54:29 :D 15:55:57 .license cc0 15:55:58 Sorry, could not find any licenses for that search term. 15:56:00 what 15:56:02 .license cc zero 15:56:02 Sorry, could not find any licenses for that search term. 15:56:05 what the hell 15:56:09 .license creative commons zero 15:56:11 Sorry, could not find any licenses for that search term. 15:56:13 ... 15:58:47 *** Pandora (Pandora__@cryto-CE7FD08D.ighost.se) has joined #crytocc 16:01:32 *** MrPinky has quit (Ping timeout) 16:11:51 *** zxcvbnm has quit (Killed (NickServ (GHOST command used by zxcvbnm_!zxcvbnm@9F88BA40.33FD1BC3.D4256504.IP))) 16:11:53 *** zxcvbnm (zxcvbnm@9F88BA40.33FD1BC3.D4256504.IP) has joined #crytocc 16:12:12 *** zxcvbnm has quit (Killed (NickServ (GHOST command used by zxcvbnm_))) 16:12:22 *** zxcvbnm (zxcvbnm@zxcvbnm.users.cryto) has joined #crytocc 16:15:52 .license CrativeCommons 16:15:53 Sorry, could not find any licenses for that search term. 16:15:59 .license CreativeCommons 16:16:00 Sorry, could not find any licenses for that search term. 16:16:04 .license C_C 16:16:05 ... 16:16:09 ... 16:16:15 THAT IT 16:16:20 thats the license 16:16:45 .bitcoin 16:16:45 1 BTC = $991.96, 1 BTC = €761.00 16:16:53 *** zxcvbnm_ (zxcvbnm@9F88BA40.33FD1BC3.D4256504.IP) has joined #crytocc 16:19:06 worrying: http://torrentfreak.com/court-open-source-project-liable-for-3rd-party-drm-busting-coding-131205/ 16:19:19 *** zxcvbnm_ has quit (User quit: Lost terminal) 16:39:09 04FichteFoll made 3 commit(s) to 03package_control_channel on branch 10master: '02add moonscriptyst3', '02set moonscripty for st2 and 3', '02Merge pull request #2454 from szensk/patch-1added Moonscripty' (https://github.com/wbond/package_control_channel/compare/485ced3bd4...a86c50ef93) 16:47:46 It would seem ads.torrpedo.net has been hacked 16:48:04 As any website i go on that uses ads.torrpedo.net redirects me to a java driveby 16:49:28 what the fuck: http://blog.angularjs.org/2013/11/farewell-disqus.html 16:49:34 DrWhat; you sure it's not on your end? 16:50:06 nope 16:50:13 *** MrPinky (MrPinky@cryto-EB219491.guilhem.org) has joined #crytocc 17:01:03 *** x (foobar@C35CA8A8.589C91BA.8F6A2B14.IP) has joined #crytocc 17:04:53 *** muzle has quit (User quit: Konversation terminated!) 17:14:27 *** synkin (synkin@synkin.users.cryto) has joined #crytocc 17:23:17 *** d0wn has quit (Connection reset by peer) 17:47:06 *** multihate has quit (Ping timeout) 17:49:12 *** Zekka has quit (Ping timeout) 18:02:18 *** iceTwy (iceTwy@cryto-610769D0.fbx.proxad.net) has joined #crytocc 18:09:17 *** Zekka (zekka@Zekka.users.cryto) has joined #crytocc 18:21:03 The last thing that changed in the example between the previous section and this section is that we now pass an array to the module.controller function, instead of a plain function. The array first contains the names of the service dependencies that the controller needs. The last entry in the array is the controller constructor function. Angular uses this array syntax to define the dependencies so that the DI 18:21:03 also works after minifying the code, which will most probably rename the argument name of the controller constructor function to something shorter like a.The last thing that changed in the example between the previous section and this section is that we now pass an array to the module.controller function, instead of a plain function. The array first contains the names of the service dependencies that the controller 18:21:04 needs. The last entry in the array is the controller constructor function. Angular uses this array syntax to define the dependencies so that the DI also works after minifying the code, which w 18:21:07 ill most probably rename the argument name of the controller constructor function to something shorter like a. 18:21:09 I... what 18:21:35 that seems like somebody built a fancy hack based on argument names, then realized it'd break when minified 18:21:43 and tacked that syntax on later on... 18:37:58 *** pzuraq (pzuraq@cryto-BAE76FBA.hsd1.ca.comcast.net) has joined #crytocc 18:39:10 *** multihate (root@multihate.users.cryto) has joined #crytocc 18:49:40 interesting: http://it-ebooks.info/ 18:52:01 *** x has quit (Input/output error) 18:52:02 *** RMON_MRTG has quit (Input/output error) 18:52:07 *** RMON_MRTG (RMON@cryto-47A2D3C3.tuxli.ch) has joined #crytocc 18:52:57 joepie91: Can I ask your advice for an enterprise we are trying to start? 18:54:10 pzuraq: eh, ask away, but I'm a terrible person to ask about commercial ventures 18:55:21 I think this might be an exception. We aren't even focussing on making money yet, we see a need and we want to fill it. We think it could be very disruptive, in a good way. 18:55:47 Online trading, it's been done but not well, and we want to make it easy and simple. 18:56:48 * joepie91 raises eyebrow 18:57:00 if you're trying to start an "enterprise", you are already "focused on making money" 18:57:19 provide a viable alternative to both craigslist and ebay, and thrift stores. Cut out money/the middle man and let people maximize the value of their possessions. 18:57:28 well, most people would be 18:57:37 .w enterprise 18:57:37 enterprise — noun: 1. A company, business, organization, or other purposeful endeavor, 2. An undertaking or project, especially a daring and courageous one — verb: 1. (intr.) To undertake an enterprise, or something hazardous or difficult, 2. (trans.) To undertake; to begin and attempt to p[...] 18:57:46 well that's very helpful 18:57:51 .wik enterprise 18:57:52 "1 Economics and business" - http://en.wikipedia.org/wiki/Enterprise 18:57:54 ... 18:58:16 anyway 18:58:20 and I certainly am in that I'd want it to make *enough* money. Enough to grow, enough to get funding, eventually enough to simply maintain. 18:58:38 pzuraq: and how do you propose earning anything from a site that "cuts out the middleman"? 18:58:59 also, please don't use terms like "maximize the value", I'd rather not grab a bullshit bingo card :| 18:59:06 heh 18:59:16 that's true though. Think about it like this 18:59:31 take your t-shirts to thrift store, get $1 18:59:36 they sell it for $5 18:59:45 ... wait, thrift stores there actually pay you? 18:59:49 it's hard to sell your clothes on their own though 18:59:53 some of them do 18:59:57 right 18:59:58 not the salvation army 19:00:01 that's pretty much unheard of here 19:00:07 they take it for free and sell it 19:00:11 anyway, go ahead 19:00:29 *** foolex has quit (Ping timeout) 19:01:00 it's easier to trade a shirt for a shirt. That way the thrift store doesn't take a cut (or in the case of free thrift stores, all) of the value. 19:01:22 allows people who have little to use what they have to get new things 19:01:26 new to them anyways 19:02:09 pzuraq: what's the advantage over a giveaway store? 19:02:30 Giveaway stores pretty much don't exist in America, from what I've seen 19:02:40 that's not an answer to my question, though 19:02:44 I'm talking about the concept 19:02:58 how does a giveaway store work? 19:03:12 if you have stuff you don't want, you bring it in 19:03:24 if you see anything in the store you do want, you take it with you 19:03:27 no money is involved whatsoever 19:03:35 *** foolex (foolex@5D6B0912.EC145393.9A74EEF1.IP) has joined #crytocc 19:03:49 is there a rule to how much you can take far what you give, or is it honor system? 19:03:53 .title http://www.dailymail.co.uk/news/article-2518540/Facebook-Twitter-hackers-steal-passwords-2m-social-media-accounts.html?ITO=1490 19:03:54 DrWhat: Facebook and Twitter hackers steal passwords for 2m social media accounts | Mail Online 19:04:49 pzuraq; many giveaway stores have rules in place to prevent people from taking a crapload of stuff and then selling it elsewhere. a common rule in NL is "max 5 items, max 1 electronic thing, unlimited clothes" but exceptions are made if there is a reason for it 19:05:03 *** S1renide (S1renide@cryto-7BD9DAFF.us-west-1.compute.amazonaws.com) has joined #crytocc 19:05:04 hmm 19:05:08 some examples would be people that come every week and bring a bag of stuff, and take a bag of other stuff 19:05:12 basically just kind of exchanging it 19:05:25 or somebody who is doing an educational project and needs lots of books 19:05:28 stuff like that 19:05:47 do you have to bring stuff? Also, how do they stay operational, volunteers? 19:05:56 and even though no money is involved, the common issue that giveaway stores have is surplus of items 19:06:04 pzuraq: how do you mean "do you have to bring stuff"? 19:06:11 and yes, volunteers 19:06:24 *** S1renide has quit (User quit: Connection closed) 19:06:38 can you take things without giving anything? Would be good for the extremely poor and the homeless 19:06:53 okay, my response to that is going to consist of a few parts 19:07:09 1. there is no requirement of bringing in anything, it's all unconditional 19:07:29 2. if there WERE a requirement of bringing in stuff, it'd be an exchange store, not a giveaway store 19:07:42 3. the point of a giveaway store is NOT to 'help the poor and homeless' 19:07:50 that's a nice side-effect, but that's not why it exists 19:07:52 it's not a goods bank 19:08:04 fair 19:08:18 the point is to reduce waste and give things a second life 19:08:37 and, depending on particular store, the point is often also to make people stop thinking in terms of 'trade' 19:09:28 in that case, the only advantage we would have is availability anywhere, and a (potentially) larger pool of stuff. It would also by that definition not be a giveaway store. 19:09:58 it wouldn't even be an exchange store, just a marketplace. 19:10:07 A. availability anywhere is a feature of the internet, not of your model - that feature would also be present for an online giveaway store (and they do in fact exist) 19:10:21 B. how do you figure it'd result in a "larger pool of stuff"? 19:12:26 same reason for availability everywhere, more potential traders. Also I know those are both advantages of the internet, I wouldn't try to claim them. 19:12:38 so, let me ask the question again 19:12:51 what are the advantages -of your concept- over a giveaway store? 19:12:54 but it would have those advantages over a brick and mortar store 19:13:53 ok, if we are talking about online stores. This is a way to for-go money. Use the things you have to get the things you need. 19:15:00 pzuraq: that also doesn't answer my question 19:15:10 Personally 19:15:27 this need came from us and our situation from time to time 19:16:23 we are college students, we don't always have money, but we do have things. 19:16:26 kind of this 19:16:27 http://www.justmemes.com/wp-content/uploads/2011/10/brokeramen.jpg 19:16:50 pzuraq... 19:17:03 you have still not answered my question - IS there an advantage of your concept over a giveaway store? 19:17:59 People aren't likely to be giving away high ticket items, nice things, etc. If they do, they will be snapped up quickly. 19:18:44 Because there is no requirement for item for item. I want to trade my xbox, I want something equal in value (to me). Be that 20 shirts or an iPad. 19:18:44 k, so? 19:19:02 right 19:19:02 I probably wouldn't use a giveaway store, I would use this? 19:19:13 I'm really not sure I'd call that an advantage 19:19:14 but okay 19:19:38 so, next question 19:19:46 how do you plan on getting -any- income from this? 19:20:32 *** Zekka has quit (Ping timeout) 19:21:11 shipping. If you trade locally you can use it entirely free, but if you need to send it somewhere we set it up and put a small fee on top. With scale we could probably still keep it cheaper to ship through us + fee than to do it on your own. 19:21:42 Escrow, you send all items to us for a small fee and we wait until all items are received to send them out. 19:22:04 pzuraq: how does this fit into your idea of targeting people like college students who don't really have any budget and are eating ramen? 19:22:05 Verification, we check to make sure the item is as described. 19:22:06 *** zest (zest@cryto-E295B538.chrismail.de) has joined #crytocc 19:23:19 joepie91: I really don't care about making money, but the VCs need that so this is the plan. I'd rather just make a tool for people to use. 19:24:11 VCs? you're screwed 19:24:22 If we can get a community of traders going, and it gets bigger, eventually people will start trading (I hope) 19:24:24 lol 19:24:29 we aren't going to them yet 19:24:31 no, seriously 19:24:46 the moment you get VC involved, they pretty much own you 19:24:52 we got some grant money and we will be self funding until then 19:24:58 until when? 19:25:08 and what are the conditions for the grant? 19:25:44 none, we got it because it was in the top three of 12 or so ideas presented to some SV peeps 19:25:57 it was done by an entrepreneurship class 19:26:08 and the money comes from where? 19:26:08 we really didn't expect to win anything 19:26:11 and it is given to you why? 19:26:12 the school 19:26:18 what do they stand to gain from it? 19:26:22 literally nothing 19:26:30 so why are they doing it? 19:26:33 it's a microgrant 19:26:58 it's a thing these days. Give a couple kids a few thousand for a crazy idea, see if it goes anywhere 19:27:19 pzuraq: these kind of things aren't just "a thing" 19:27:36 "funding" isn't some kind of magical box that arbitrarily shits money onto your desk 19:27:56 9 out of 10 times there's a goal behind any kind of funding or grant 19:28:00 yeah 19:28:02 and it's usually ROI 19:28:17 so what is their motivation? 19:29:19 to make something successful, encourage innovation, and if it does boom offer more funding. It's a noncommittal way of building a relationship. 19:29:30 And tbh I think it's partially in good faith 19:29:42 given the whole "no strings attached" thing 19:29:55 mhmmm. 19:29:56 I could prolly just go out and party with that money. 19:30:18 pzuraq: I'm sure it's just as "no strings attached" as an ad on a webpage. 19:30:39 another analogy would be the free sample of drugs 19:30:42 *** GHOSTnew has quit (User quit: Quitte) 19:30:55 "hey look, we have money for you, just come to us, here's some to start with" 19:30:56 Can't sue me, can't ask for it back. I rarely let ads convince me to buy a product. 19:30:58 and it seems to be working 19:31:04 *** GHOSTnew (GHOSTnew@GHOSTnew.users.cryto) has joined #crytocc 19:31:04 judging from 19:31:05 joepie91: I really don't care about making money, but the VCs need that so this is the plan. I'd rather just make a tool for people to use. 19:31:13 pzuraq: of course not. 19:31:31 Can't think of a single time I've bought something based on an ad 19:32:18 pzuraq: just a moment 19:32:20 I buy based on the options available. If it's a purchase over $50 I do my research to see what options are available. 19:32:36 pzuraq: 19:32:37 .tw https://twitter.com/joepie91/status/392346930300198912 19:32:38 Advertising works - because we all believe that *we* are immune to it, and everybody else is one of the suckers that makes it worth it. (@joepie91) 19:32:45 Do ads shape my worldview, and are they detrimental to society? Absolutely. 19:33:21 pzuraq; only a slight problem; you can't actually with any certainty whether ads have influenced how you spend your money 19:33:26 can't actually tell with* 19:33:36 anyway 19:33:40 see the rest above 19:33:42 wrt VC 19:34:03 your talk about "but the VCs..." seems to indicate that the "free drug sample" (except it was a grant) worked 19:34:45 There weren't any VCs at the presentation. There were "SV peeps" so those type of people, but no actual VCs from what I could see 19:34:56 atleast not as VCs 19:34:56 pzuraq: that is not relevant to what I said 19:35:39 The VCs want it, will want it. Hell you even asked about it. 19:35:45 I came up with a strategy 19:36:06 is it a good strategy? I have no clue, I won't know until this gets off the ground 19:36:21 pzuraq: don't you see what I'm trying to tell you? 19:36:36 I've phrased it in a few ways now, and you still don't seem to be picking up on it 19:37:18 Living in SV my entire life has shaped my perceptions of how I'm supposed to approach a business? 19:37:29 ... no\ 19:37:43 receiving a supposedly "no strings attached" grant, has 19:37:56 the string is that you get a 'taste' of third-party funding 19:38:08 and are thus likely to step to VCs when you want to set something up 19:38:21 so they get a slice of the pie, and most likely a large amount of control over your idea 19:38:41 better than nothing 19:38:43 Sure, I don't disagree 19:38:46 do you think the school you received that grant from, pulled the money out of their ass? 19:39:06 I bet you $5 that it was contributed by a 'donor' who just HAPPENS to be involved in venture capital 19:39:08 but, being from SV my entire life, I don't really see a problem with that. 19:39:14 pzuraq: and that's where the problem lies 19:39:24 * zxcvbnm whats SV 19:39:26 listen 19:39:31 Silicon Valley 19:39:32 zxcvbnm: silicon valleu 19:39:34 o gotcha 19:39:35 valley* 19:39:39 pzuraq, listen very carefully 19:39:52 VCs do not give a fuck about what your plans are 19:39:58 or what you're trying to accomplish 19:40:05 they don't care about the sentiment behind the project 19:40:13 the only thing they will care about, is ROI 19:40:27 i think thats only half true 19:40:38 joepie91: I know. That's why we self fund until we can get funding for less than 50% of the company. 19:40:42 if there is a conflict between your intentions and their ability to make money off it, guess which one wins 19:40:46 that way we maintain control. 19:41:04 pzuraq: except then they pull out when you don't listen to them, and you're left in the cold 19:41:12 because you suddenly can't fund your setup anymore 19:41:56 Then we are very careful about who we let invest an the terms of investment. 19:42:00 the 51% idea doesn't work when you're still dependent on your investor 19:42:02 .. 19:42:12 pzuraq 19:42:13 Ideally, they give us money, we give them shares 19:42:22 they don't get money back in any case 19:42:35 do you really believe any investor is going to agree to the terms that "you will continue funding us, no matter what we do"? 19:42:40 because that is the kind of assurance that you will need 19:42:45 to REALLY maintain control 19:43:35 and one-time funding is nice, except you have recurring costs 19:44:02 My hope is that the one time funding will carry us to a place where we have a better bargaining position 19:44:07 a few years 19:44:10 sigh 19:44:14 more growth 19:44:17 pzuraq, I'm giving up on this discussion 19:44:29 so what would you suggestion be? 19:44:31 I'm not under the impression that I'm going to win against the lure of free money 19:44:51 the obvious - fund the thing yourself 19:45:01 or get people to unconditionally provide funding 19:45:02 I don't have money. 19:45:17 *** Zekka (zekka@cryto-DA256EDA.arizona.edu) has joined #crytocc 19:45:20 pzuraq: you're trying to create a startup company that would be initially funded by a VC 19:45:30 I have enough to keep it going for maybe a year 19:45:30 pzuraq: so sell something you own, and get a cheap $5/mo VPS 19:45:32 maybe 2 19:45:33 and you're trying not to give the VC anything in return? 19:45:35 and a $10/yr domain 19:45:36 problem solved 19:45:36 lol man 19:45:46 you don't NEED thousands of dollars to get something running 19:45:50 why do people not understand this 19:45:56 it depends on some factors joepie91 19:45:57 iceTwy: No? read the discussion 19:46:05 pzuraq: well sum it up please 19:46:10 iceTwy: a craigslist for trading items instead of selling items 19:46:10 pzuraq: can't scroll up and read everything atm 19:46:14 ooh 19:46:21 that can ABSOLUTELY be run on a shoestring budget 19:46:27 well definitely 19:46:27 joepie91: I'm writing the damn thing as efficiently as possible so that we can run it for cheap as long as possible 19:46:29 trivially, even 19:46:36 well.. 19:46:38 pzuraq; so why even consider VCs? 19:46:43 just register your company in some tax haven 19:46:57 i.e. register it in Ireland 19:47:12 set up a subsidiary where you live (but this won't work if your subsidiary is in the EU) 19:47:24 If we do need to scale, if we do need more servers, if we do run out of money, and we can't keep self funding, we will need a plan. 19:47:26 only get 12.5% tax rate on sales/profit 19:47:31 >success 19:47:34 iceTwy: did you follow a course in "tax optimization" while I wasn't looking? lol 19:47:36 That and I wanted an A in the damn class. 19:47:45 joepie91: soooort of 19:47:57 It's just a backup plan, and I want to put it off as long as possible, maybe forever. 19:48:02 joepie91: studying some cases about famous companies in my English geography course 19:48:09 pzuraq: if you run out of money while you're experiencing a spike in users, your business model sucks 19:48:14 what I described is what Apple do btw joepie91 19:48:14 very very badly 19:48:19 yup 19:48:29 iceTwy: lol 19:48:32 they set up subsidiaries in countries they sell in 19:48:42 the IP trick as well, I assume 19:48:44 then redirect all the revenue to NL 19:48:52 (intellectual property) 19:48:56 (1% tax on intel -- yes) 19:49:07 pzuraq: so fix your business model 19:49:07 That's why we are going to be very careful 19:49:09