Show Idle (>14 d.) Chans


← 2017-03-18 | 2017-03-20 →
01:14 asciilifeform http://btcbase.org/log/2017-03-19#1629104 << if your scope samples at 1G/sec, and (cheapomatic) 8-bit ADC: that's a 1000MB/s. where do i buy a camera ssd that writes at this rate?
01:14 a111 Logged on 2017-03-19 02:01 mircea_popescu: how slow can it be lel. modern camera films hdtv.
01:16 mircea_popescu yes. where do you buy a 4mb internal memory that writes at that rate, seeing how that's what the fucking rigol has.
01:16 mircea_popescu now simmer down, you're gonna do something in the mbps range, which is what we're talking about.
01:17 asciilifeform you buy it anywhere, 1ns sram is not exotic
01:18 asciilifeform in mb/s range worx great, rigol has usb jack, even, knows how to piss to thumb drive
01:18 mircea_popescu right.
01:21 asciilifeform re that particular unit -- screen is the weak point, what with 320x200
01:22 asciilifeform to n00bs i often recommend to have an analogue scope also
01:22 asciilifeform ( the traditional kind, with crt. )
01:23 asciilifeform very versatile thing, imho not the least bit obsolete.
~ 22 minutes ~
01:45 danielpbarron didn'tlikewhatshesaw
01:47 mircea_popescu lel
02:02 ben_vulpes aaand what feels like an eternity later, i have completed my first actual (minor) under-the-hood surgery on the corvette. alternator belt, which is behind the power steering, air conditioning, and "AIR" pump belts
02:06 ben_vulpes feels really good to get a solid grasp on a nut you'd thought completely out of reach and really wrench on it
02:06 ben_vulpes ;)
02:08 mircea_popescu wd eh!
~ 2 hours 5 minutes ~
04:13 mircea_popescu motherfucker. so run gzip -t on an archive, it... ends silenty.
04:13 mircea_popescu wtf is this. did it test out ok ? did the pos just die ? WHO THE FUCK DOES THIS
~ 3 hours 51 minutes ~
08:05 mircea_popescu in further lulz : tar is not able to create directories with an @ in them (why ? because they don't quote, obviously), yet they're standard in exim inbox saving. ergo, can't safely tar.gz exim directory.
08:05 mircea_popescu who the fuck seriously runs linux ? i wish to see this wonder.
~ 4 hours 7 minutes ~
12:12 deedbot http://phuctor.nosuchlabs.com/gpgkey/D32C79BBE908A0BC788FBEF17E660AC014C65AE4160A60EF8BE507DA68EFB913 << Recent Phuctorings. - Phuctored: 1195...0199 divides RSA Moduli belonging to '197.221.50.28 (ssh-rsa key from 197.221.50.28 (13-14 June 2016 extraction) for Phuctor import. Ask asciilifeform or framedragger on Freenode, or email fd at mkj dot lt) <ssh...lt>; ' (dad-web01.cpt4.remote.chs.hetzner.co.za. ZA)
12:12 deedbot http://phuctor.nosuchlabs.com/gpgkey/D32C79BBE908A0BC788FBEF17E660AC014C65AE4160A60EF8BE507DA68EFB913 << Recent Phuctorings. - Phuctored: 1113...3657 divides RSA Moduli belonging to '197.221.50.28 (ssh-rsa key from 197.221.50.28 (13-14 June 2016 extraction) for Phuctor import. Ask asciilifeform or framedragger on Freenode, or email fd at mkj dot lt) <ssh...lt>; ' (dad-web01.cpt4.remote.chs.hetzner.co.za. ZA)
12:21 deedbot http://phuctor.nosuchlabs.com/gpgkey/D32C79BBE908A0BC788FBEF17E660AC014C65AE4160A60EF8BE507DA68EFB913 << Recent Phuctorings. - Phuctored: 1195...0199 divides RSA Moduli belonging to '197.221.50.28 (ssh-rsa key from 197.221.50.28 (13-14 June 2016 extraction) for Phuctor import. Ask asciilifeform or framedragger on Freenode, or email fd at mkj dot lt) <ssh...lt>; ' (dad-web01.cpt4.remote.chs.hetzner.co.za. ZA)
12:21 deedbot http://phuctor.nosuchlabs.com/gpgkey/8736A1AEF8241C44FB9FB8BCC9E64E793DB165405696DF922E1E7A7B308E326F << Recent Phuctorings. - Phuctored: 1195...0199 divides RSA Moduli belonging to '197.189.240.22 (ssh-rsa key from 197.189.240.22 (13-14 June 2016 extraction) for Phuctor import. Ask asciilifeform or framedragger on Freenode, or email fd at mkj dot lt) <ssh...lt>; ' (Unknown ZA)
12:21 deedbot http://phuctor.nosuchlabs.com/gpgkey/8736A1AEF8241C44FB9FB8BCC9E64E793DB165405696DF922E1E7A7B308E326F << Recent Phuctorings. - Phuctored: 1279...2379 divides RSA Moduli belonging to '197.189.240.22 (ssh-rsa key from 197.189.240.22 (13-14 June 2016 extraction) for Phuctor import. Ask asciilifeform or framedragger on Freenode, or email fd at mkj dot lt) <ssh...lt>; ' (Unknown ZA)
~ 3 hours 41 minutes ~
16:02 ben_vulpes https://www.flickr.com/photos/stml/33411791166/
16:03 ben_vulpes "autonomous trap 001"
~ 1 hours 4 minutes ~
17:07 deedbot http://trinque.org/2017/03/19/welcome-to-houston/ << trinque - Welcome to Houston
~ 16 minutes ~
17:24 BingoBoingo https://bitnodes.21.co/nodes/?q=/therealbitcoin.org:0.9.99.99 << 14
17:30 Framedragger trinque: nice colour palette
~ 18 minutes ~
17:49 trinque ty
17:54 Framedragger (probably wasn't clear, i mean the photo, i've read the blog before. ..almost looks like it was shot on film or sth)
17:55 trinque just shitty ipnoje
~ 36 minutes ~
18:32 mircea_popescu !!up doppler
18:32 deedbot doppler voiced for 30 minutes.
18:36 doppler hello.
18:36 mircea_popescu hi there.
18:37 mircea_popescu an' who might you be ?
18:38 doppler just a dude; I read your website and sort of have a loose grasp of some of the community members here
18:38 mircea_popescu ic.
18:41 doppler hoping to chill out here for a little while if that's ok
18:42 doppler mostly I want to learn more about where I am
18:42 trinque maybe you want to make better introductions than "a dude" ?
18:43 mircea_popescu anywya, the log's published.
18:43 doppler yes
18:44 doppler I have a lot of interests relating to computer technology and operating systems
18:44 doppler some of you can probably relate there
18:47 Framedragger doppler: i found this useful when trying to understand what are some of the things that people are doing here: http://btcbase.org/log/2015-11-05#1317685 (seven items)
18:47 a111 Logged on 2015-11-05 22:00 mircea_popescu: actually, this is probably long overdue and a major public service. so i ordered teh gals bring cognac and i shall proceed
18:50 mircea_popescu o hey, not even any mention of the church & the state.
18:50 Framedragger many-headed recursive hydra.
18:51 Framedragger i think that list was supposed to focus on technology-things, hence it being so partial. (but then, maybe one can see 'church' as a piece of technology, etc...)
18:51 mircea_popescu aha.
18:52 doppler Framedragger: thanks; that's helpful.
18:52 Framedragger (in the greek sense of techne)
18:52 doppler oh yeah and of course I read asciilifeform's site too
19:01 doppler well before my +v expires I'd like to say it was nice to meet you. catch you later.
19:08 shinohai !!up doppler
19:08 deedbot doppler voiced for 30 minutes.
19:08 shinohai More importantly, who is your Daddy and what does he do?
19:13 doppler !~ty
19:13 jhvh1 You are very welcome Daddy
19:16 Framedragger that wasn't a joke question...
19:18 doppler I guess I'll imagine shinohai as having an arnold voice from now on, haha
19:20 doppler my father does account management at a photography studio
19:20 shinohai I think you are proobably tghe first person I have *ever seen give a direct response* to that question here.
19:21 doppler I've seen that you ask it quite often
19:22 doppler so instead of making something up I thought I'd tell it to you straight
19:22 Framedragger pretty neat to actually see an answer :)
19:23 doppler what are/were your parents' professions?
19:24 Framedragger !~later tell mod6 oh is tb0t offline currently? :)
19:24 jhvh1 Framedragger: The operation succeeded.
19:24 Framedragger (^ thought of printing out project names for doppler to look at)
19:24 doppler I have one of those families where no tree member within reasonable reach has worked on anything even remotely scientific
19:24 doppler which is kind of uninspiring
19:25 Framedragger doppler: one's psychoanalyst and the other's member of parliament (we have frequent disagreements on things, suffice to say)
19:25 Framedragger now that i think of it, same with my tree i think
19:26 doppler oh man, what a duo :)
19:27 Framedragger (re. scientific tree, grandfather had this notebook where he diddled lots of things. he was a kind of soviet accountant, and died when i was ~4. many years later when looking at notebook, i discover this 'game' across a great many pages of it. turns out... game of life - neat)
19:28 Framedragger doppler: yeah they have frequent disagreement-verbiage between themselves, too, guess that's an interesting dynamic
19:28 Framedragger s/diddled/doodled/ but diddled maybe even better
19:28 doppler ooh neat re: GoL
19:29 doppler that's like something you'd see in a film
19:29 doppler kid finds grandfather's old notebook and slowly unravels the puzzle within
19:30 Framedragger yeah :) i obviously didn't have any meaningful connection with him before he died, and this was the first semi-personal thing that honestly made me sad
19:37 Framedragger anyway not sure how useful but you might want to take a look at http://thebitcoin.foundation/tickets/ doppler (at *_tickets.html), not sure how up to date. also http://trilema.com/category/job-board/ for interesting projects which may be good for you as well as good for this here forum
19:37 mircea_popescu Framedragger> pretty neat to actually see an answer :) << quite.
19:38 doppler Framedragger: cool, I'll take a look
19:38 mircea_popescu Framedragger o god your poor mother.
19:38 Framedragger srsly
19:40 Framedragger (she is the psychoanalyst btw, but the combo yields friction regardless)
19:43 mircea_popescu anyway, "disagreement-verbiage" so to call it is the stuff of life. i have tons of it with my slavegirls, and they're very literal chattel slaves, not as much as a stitch they own outright nor as much as a private fold in their heart. nevertheless...
19:43 mircea_popescu it's not a bad thing, not among people who love each other.
19:44 Framedragger yeah, you're right, of course.
~ 45 minutes ~
20:29 mod6 Framedragger: thanks for the heads up
20:30 mod6 <+Framedragger> anyway not sure how useful but you might want to take a look at http://thebitcoin.foundation/tickets/ doppler (at *_tickets.html), not sure how up to date. (...) << Yeah, it needs some updating. The new V is going to be out in the next few days. Then will put some time into that.
20:31 Framedragger ooh new V, shiny
20:33 mod6 Yup, all the wot variant rules are in place. We now orphan vpatches from the flow where ~all~ antecedents are *not* present. Some other small changes, such as; When you press to a give output directory 'X', and then press to the same given output directory, we first remove 'X', then create & press.
20:34 mod6 Heh, I'm working on a major update to T, also. It's been a bit slow-going as that isn't obviously the most high priority item.
20:35 mod6 I do want to outline more of the trb-i work in tickets, and do some clean-up/management of existing trb tickets.
20:36 mod6 There is some side project stuff too that I'd like to get organized and tickets entered for. For instance, you, Framedragger, did some work towards the filesystem idea. We aught to have a ticket for that and track the results.
20:37 mod6 Even if you think that we're at a wall, and we've seen all there is to see.. then we record those numbers. Or if we should try on baremetal with, reiserfs, and record those, or if even with those baselines, then someday we make our own filesystem and compare to those baselines.
20:37 mod6 *shrug*
20:37 mod6 Gotta have a way to go back and check easily, and have a place for that.
20:38 mod6 Anyway, just as an example of side-projects that need tracking...
20:38 mod6 It's important work.
20:39 mod6 Would be really nice if we could get away from BDB.
20:40 mod6 There are some other cool side projects going on now too... such as the wallet-cut effort.
20:41 mod6 So we need some updated tracking to that effort.
20:41 mod6 I dont need a ticket for this, but man, I really gotta get into the swing of Ada.
20:42 mod6 So I'll be getting into the thick of that very soon. Lot to do to get trb-i going.
20:46 mod6 <+asciilifeform> to n00bs i often recommend to have an analogue scope also << are these just a bit easer to learn on than their digital counterparts?
20:47 Framedragger mod6: fwiw i agree completely. the key point here is (as you said) *noting it down* (including dead-ends). so yeah, afaict you're on the very right track here. i wonder, does the current system need complex massaging to be able to track things like that? i mean, you can add tickets, but i guess no way for them to have a *list* of notes (per ticket)
20:49 Framedragger i guess having an easy way to add new projects (or have a 'misc' parent but maybe that's too dirty) would help in that it'd be easier to record stuff, including tasks not directly tied to trb or V
20:49 mod6 no, not a list of notes per ticket in the original version.
20:49 mod6 in the new version it's setup different.
20:50 Framedragger ok cool :)
20:50 mod6 there can be public/private projects.
20:51 mod6 there are project admins, and project users... etc. i should add the ability for rich or chained notes.
20:51 Framedragger (btw since there's so much different stuff happening i was considering doing something like http://btcbase.org/log/2016-06-13#1481401 (and possibly using log.mkj.lt's multi-line-citation feature to 'capture' different notes/projects) but obviously expanding the ticketing system in a consistent, proper way is the way to go)
20:51 a111 Logged on 2016-06-13 01:00 Framedragger should write some kind of simple thingie which takes (1) keyword and (2) timestamp pairs as intervals, and produces a kind of wiki page for all given keywords. (2) can be amended later as needed. so that there'd be a page for gossipd without much effort at all
20:52 mod6 it's meant to be project cutomizeable per project... with like the ticket codes, etc. i'm building out the database now... and it's going well, just slowly.
20:52 Framedragger hey that sounds pretty awesome.
20:53 mod6 hopefully it'll be at least better than the first version, which is fine for now, but certainly could be better.
20:53 mod6 yeah, there was this intial idea of a 'stenographer'.. and I think that's what drove me to just make the ticket system.
20:53 Framedragger (current version records the important things including trb work, so imho it's doing fine)
20:55 mod6 and we could track things easier instead of having to have it be a formal role. but with the new version, seperate projects can have different users, so for instance, if UCI wants a stenographer, then the project admin can just add the steno to the UCI users table. volla.
20:56 mod6 any ticketing thing is as useful as you make it. it takes effort to remember to keep it up and to ~use~ it. any thing we can do to make that a more automated process though, is nice.
20:56 mod6 tb0t eventually will be upgraded to use the new system.
20:57 mod6 so that might help. i might write some sort of API also where project admins can interact with their projects without having to use IRC.
20:57 mod6 some sort of PGP based command system.
20:57 mircea_popescu mod6 doesn't seem all that slow going from here :)
20:58 mod6 :]
20:58 Framedragger mod6: by steganographer, do you mean a way of linking to chat lines relevant to given project, or a way of automatically linking relevant chat lines (keywords), or a (flesh) user role? just curious
20:58 mircea_popescu also, we are not at wall : we saw ext4 ; did not see ext2 ; did not see reiserfs.
20:58 mod6 i started working on it very briefly ... maybe 7-10 days in like ... december. but haven't touched it since.
20:58 Framedragger (yeah mircea_popescu afraid i won't have time re. those other two till quite a bit later)
20:59 mircea_popescu sure, wasn't re you, was about his ticket.
20:59 mod6 <+mircea_popescu> also, we are not at wall : we saw ext4 ; did not see ext2 ; did not see reiserfs. << for sure. i think we're just getting started baselining these prototypes.
21:00 mod6 so a very exciting time, as far as I'm concerned.
21:00 mircea_popescu fo sho.
21:00 mod6 Framedragger: the stenographer role was proposed to be an actual job for the foundation, complete with pay and everything.
21:00 mircea_popescu we ~might~ even wish to see fat32/
21:01 mod6 The role was put on hold since I wrote `t', and 'tb0t', but might come back up again at a later date.
21:01 mod6 You never know.
21:02 Framedragger mircea_popescu: oof, max fat32 size is 4gb, with a maximum of (to the tune of) hundreds of millions of files (less than 1bn); there's also exFAT of course, etc., but eugh
21:02 Framedragger mod6: interesting to know!
21:02 mircea_popescu no, i know. but if we end up patching dumbass systems, we should consider the whole field of dumbass systems. not just the ones that falsely promise to work and then fail to work ; but also the ones which honestly admit their limits.
21:03 mircea_popescu i don't recall being as pissed off with fat32 at any point throughout the 90s as i've regularly been hence.
21:04 Framedragger sure. my internal alfatron says "may as well test for tape backup storage system viability" though; surely it's inefficient to test *all* things in a domain that one is not optimistic to begin with. but i see your rationale of course
21:05 mircea_popescu consider : IF we decide to make megabyte large blocks, who says fat32 is inadequate then ? that 4gb has a lot to do with the size of a block.
21:06 Framedragger afraid i didn't catch this particular drift, sir
21:06 mircea_popescu and for that matter, who's to say a simple move to 64 bits doesn't resolve the problem altogether. but anyway, i'm more making a point than proposing a technical solution.
21:06 Framedragger 4096 blocks per partition, with limited number of partitions per disk, etc?
21:06 Framedragger suresure.
21:07 mircea_popescu Framedragger no, 4gb where "byte" = 1 mb.
21:07 Framedragger not that my word carries a lot of weight here but gotta say, alf's block storage idea (bypassing fs) makes a lotta sense (and is elegant, with defined complexity, etc.)
21:07 mircea_popescu to my eyes it looks a lot like fs-in-a-fs.
21:08 Framedragger not at all! sure, you still rely on disk's firmware but the degree of crapola-reliance is orders of magnitude less. *you do not deal with filesystem at all*.
21:09 mircea_popescu but yes, certainly to be looked into.
21:09 Framedragger you basically deal with a continuous array; plus the option to be careful to read/write at sector boundaries for i/o efficiency.
21:09 mod6 well, whatever we go with will be a solution driven by performance numbers and functional satisfaction.
21:09 Framedragger so many items for tickets :)
21:09 mircea_popescu but yes mod6 has it. gotta measure this crap.
21:10 mod6 so, let the prototyping begin!
~ 36 minutes ~
21:46 shinohai In Coinbase lulz "Customers who wish to access both blockchains at the time of the hard fork should withdraw their BTC from GDAX"
21:51 Framedragger gdax looks to have a sick animation on the landing page, with forever-rising candles
21:51 Framedragger well i'm sold
21:55 shinohai They are like blockchain.info where the most important "upgrades" are cute animations to the UI
21:56 * shinohai still remembers wtf'ing with mod6 over the fact their new, improved site had no way to dump privkeys for nearly 2 months
~ 36 minutes ~
22:32 mod6 that made me so mad.
22:33 mod6 well, not mad, more like disgusted
22:40 mircea_popescu lol
~ 50 minutes ~
23:30 trinque homeboy from san antonio needs to pick a less retarded name
23:30 ben_vulpes http://btcbase.org/log/2017-03-19#1629214 << "if you're not falling you're not learning", also "conflict is productive"
23:30 a111 Logged on 2017-03-19 23:43 mircea_popescu: it's not a bad thing, not among people who love each other.
23:31 mircea_popescu confined conflict/
23:32 ben_vulpes pls to expand?
23:32 mircea_popescu "exothermic oxidation is productive". sure it is, if it happens in the combustion chamber.
23:32 ben_vulpes ah yah
23:33 mircea_popescu that's why science is based on research, yes, but not random research. paradigm-supported research.
23:33 mircea_popescu and so on.
23:33 ben_vulpes you can't spend all that energy confronting her with her own mistakes, let her walk out, digest it, and the next man benefit
23:33 ben_vulpes if you don't own it, what the fuck is the point fixing it?
23:34 ben_vulpes asks the guy who developed a recreational habit of fixing other people's toilets in the most retarded corner of south america...
23:35 mircea_popescu lol
23:35 mircea_popescu i understand you though. they're so boneheadedly retarded they're offensive to the very concepts.
23:36 * trinque imagines ben_vulpes standing atop a fixed shitter patriotically, like the bum in mircea_popescu's parable
23:36 trinque THIS HERE IS MY SHITTER NOW
23:37 ben_vulpes i mean there's a whole trumpet flare and clouds parting and everything sure
23:38 trinque https://s-media-cache-ak0.pinimg.com/originals/74/76/fd/7476fdcd2b9a4afebc143ccdd72c1d7f.jpg
23:38 ben_vulpes but the experience is more that of having blessed some random jews wandering in the desert with the secrets of hygiene
23:38 ben_vulpes trinque: lol, verily
23:38 mircea_popescu in other lulz : there's this matte window to the side of my chicken. and there's a gecko who now lives there. but i mean totally, its his window.
23:38 mircea_popescu i suppose the light attracts delishius snacks.
23:38 ben_vulpes mircea_popescu: pardon me but the side of your /what/?
23:39 mircea_popescu ahaha
23:39 mircea_popescu kitchen
23:39 ben_vulpes anyways, upstack, i have had a very ahem productive weekend
23:40 ben_vulpes imagine, extracting penitence from an nth-wave feminist child of gs-infinity staff
23:40 ben_vulpes old hat for the mircea_popescu's
23:40 mircea_popescu same here. new slavegirl, haven't slept since sat.
23:44 ben_vulpes also acquired a few new g5 towers
23:44 ben_vulpes get 'em while you can, folks
23:44 ben_vulpes well, 'new'. new to me.
23:45 mircea_popescu what, towers are disappearing ?!
23:45 ben_vulpes no, specifically the macintosh ppc g5's
23:46 * trinque has several piles of that hardware here too
23:46 trinque the minis are also nice to have
23:46 mircea_popescu ah
23:46 ben_vulpes with the forth based firmware, etc
23:46 ben_vulpes i'm sure stan has all sorts of shade to throw
23:47 ben_vulpes nevertheless, i have good money that says these machines will be plentiful and cheap until they are utter unobtainium.
23:47 trinque http://btcbase.org/log/2016-06-16#1483684
23:47 a111 Logged on 2016-06-16 21:34 asciilifeform: it was an interesting arch
23:47 mircea_popescu imagine if in a few years the actual fucking chunks of metal are the point of worship. "oh man, that's tech! who can make straight angles anymore!"
23:47 mircea_popescu sells for 7k funbux on the ruby app.
23:48 ben_vulpes cases are very pretty at that
23:48 trinque yeh, outside and in
23:48 mircea_popescu you've been inside ?!
23:48 ben_vulpes golden era of jobsdom
23:48 * mircea_popescu pictures 3 inch tall trinque
23:49 trinque lel
23:49 mircea_popescu ben_vulpes it occurs to me, btw, that the scam whereby people who were holding jobs shares were converted to cook shares is one of the cruelest things in nature.
23:49 mircea_popescu "hey, it's still apple". bitch... that is SO not apple...
23:49 mircea_popescu "well... the other guy died" aaaand this is my problem how! i bought jobs stock not fucking wtf this is.
23:50 ben_vulpes mircea_popescu: bezzle land corporate structuring is just sad on every axis
23:50 mircea_popescu pretty much
23:50 ben_vulpes hacker nyooz recently realized how brokerages add slack to the market, twas a lulzy set of comments
23:50 trinque been considering the ideological reproduction thing since recent genetics threads (and rereading related trilema)
23:51 ben_vulpes 'omfg you mean to tell me there's no centralized database of who owns what and owes who else which shares?'
23:51 trinque you'd have thought Ive was going to be the guy
23:51 ben_vulpes mircea_popescu: to be fair, anyone who didn't liquidate a week before jobs' illness hit the rags is a derp who got what they deserved
23:52 ben_vulpes but you know how it goes. traders, trade. hodlers, hodl. investors, what dat.
23:53 trinque how many decades of Jobs beatings did Ive take, and he what, internalized none of it?
23:53 trinque guy probably had more of it directed at him than anybody else in the place
23:53 mircea_popescu ben_vulpes yes, from an individual perspective. but in aggregate, worst case of confederate dollars ever. "we'll take these 5bn shares of apple and replace them with 5bn shjares of crapple. because it's ok hurr."
23:54 ben_vulpes oh, come, he just organized the teams as what took the shellacking
23:54 ben_vulpes stood by, happy to not be in the hotseat
23:54 trinque not according to his own account
23:54 trinque entirely not so
23:54 mircea_popescu lel own account ?
23:54 ben_vulpes i'm plain unaware of what he says
23:54 trinque I've heard Ive talking (with misty eye almost) about how the relationship with Jobs was "hard"
23:55 ben_vulpes well ofc he'd /say/ that, /now/
23:55 ben_vulpes dipshits who got onto the car project will say that about /him/
23:56 trinque mk my whole point here is that the obvious successor failed
23:56 mircea_popescu succession is a particularly dubious proposition.
23:56 mircea_popescu i don't think there's a case in history where the shareholders got their money's worth.
23:56 trinque entirely my point, aha
23:57 ben_vulpes kill the old boss and take his chair
23:57 mircea_popescu so much so that it seems to me the whole model is fundamentally flawed. what "corporation" ? bs. wot-style, one man.
23:57 * ben_vulpes chants blood blood blood
23:57 trinque "our company" just like "our democracy"
23:57 mircea_popescu the delusion of a corporation has at its core the notion that "what to do" is a well explored space, and that "anyone" could and moreover in that position would be doing it.
23:58 mircea_popescu this works ok if the corporation does stuff buffett understands, like fishing, or manufacturing chewing gum
23:58 mircea_popescu nobody gives a shit about that, nor can a model based on such examples be THE MODEL.
23:58 ben_vulpes buffet at least endeavoured once upon a time to buy firms with established mgmt.
23:59 mircea_popescu and especially these days, when they don't even own the capital goods in any sense whatsoever.
23:59 mircea_popescu ben_vulpes yeah, and guess why ? because outside of the owner, the paper's not worth jack.
23:59 ben_vulpes funny, veen and i were just running through this
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