Drew: to moreso basically describe the general idea
mircea_popescu: but you're supposed to do the research. do the demographic work. KNOW why X and not Y.
mircea_popescu: (Atlanta, Dallas, LA, NYC, Portland, Denver, Chicago, Miami, etc) < the count is 8, and this stinks of poorly researcher. why denver and not seattle, for instance ?
mircea_popescu: then how is this supposed to work ? is your team made out of 10 people ?
mircea_popescu: 8-10 medium/large scale events << this is where you show the demographics of the area.
mircea_popescu: so then how do you know it's easily this or that ?
mircea_popescu: also generally speaking, this sort of thing we're doing here is paid on retainer, and by the hour.
mircea_popescu: generally speaking the prospective investor will run into one of these, and just drop the thing silently.
Drew: i did my homework mircea, sorry i missed one of the problems
Drew: the rest of those acquisitions were by SFX entertainment
Drew: insomniac still owns the festival EDC, but live nation actually owns 50% of insomniac now
Drew: whups my apologies that acquisition was by live nation rather than sfx
Drew: one moment ill grab the link
mircea_popescu: (you mean the ny/orlando/pr etc one right ?)
mircea_popescu: Drew the edc i knew was like the world's largest electronic stuff, but i had no idea some sfx thing had bought it
RyanKinder: fluffypony: Just read your post on the vertcoin subreddit. Interesting stuff.
mircea_popescu: this is quite important btw. never forget that the internet exists more as a mpex contract than anything else.
mircea_popescu: "Much has been made of peering agreements. Many peering agreements were made between engineers in the early days of the Internet and consisted of not much more than a single page of text if there was anything written down at all. They werent really contracts in the way you might consider a formal legal agreement."
Drew: SFX entertainment (the company whose tastes we are building our brand to cater to) has made the following acquisitions in the last few years
asciilifeform: article seems to suggest that one should not hire them
gribble: The Story of Mel - Catb.org: <http://www.catb.org/jargon/html/story-of-mel.html>; The Story of Mel: <http://www.cs.utah.edu/~elb/folklore/mel.html>; The Story of Mel - Wikipedia, the free encyclopedia: <http://en.wikipedia.org/wiki/The_Story_of_Mel>
BingoBoingo: ;;google the story of mel
mircea_popescu: level 3 blowing the omerta.
mircea_popescu: "and develop it into the ideal acquisition target for the below company for the further below reasons" > can you name such a brand that was acquired ? when, by whom, how much ?
mircea_popescu: "in the most optimum direction" unless you're mel, optimum is a superlative for you. it takes no comparative.
mircea_popescu: Our plan is to continue the brand > you mean "lunar massive" ?
mircea_popescu: this is something you may wish to consider for the next thing you organise.
Drew: there is plenty of published material regarding EDMutual and Decibel though, and through them i can very readily prove my association with this project
Drew: probably not honestly. I organized the entire team that threw it, met and introduced the 2 partners (EDMutual and Decibel), designed the initial business plan and found the investment. My name isnt on any of that though
Drew: yes, thats the one
mircea_popescu: most industrialised countries do not, lepidopterae being some of the most sensitive to pollution
asciilifeform: mircea_popescu: like the water engine imo << wtf is a water engine? old-school water mill?
Drew: several articles come up just from the google search
asciilifeform: well, they're a renewable resource.
mircea_popescu: asciilifeform or just as well not export thewm
Drew: my friend has told me that with a 1% widespread usage, with all the BTC mined they would be 1 million USD apiece?
benkay: that's the catch.
Drew: really? i was referred to it as being one of the top 2000 most trafficked sites on the internet
BingoBoingo: There probably are some. Not many people take anything on Bitcointalk seriously
asciilifeform: one could argue that 'we' ought to still take an interest in these lost souls, if only to prevent them from ending as fuel, stoking chumpatron
Drew: do you not think that there are investors in that space that would be interested in fiat investments?
BingoBoingo: What explains Taaki then?
Drew: so if the bitcoin assets space is definitely almost entirely btc focused, would you say that the bitcointalk space is as well? I have had a couple of responses even on my posts that were almost entirely flame-ridden
asciilifeform: i suppose a definition is unnecessary - folks who have a poor enough grasp of the mechanics, of both varieties, will soon lose interest in btc and fade away
BingoBoingo: asciilifeform: I imagine they have half of it. Seaman vs. Able Seaman
asciilifeform: e.g. does a fellow who read the bitcoind src, satoshi paper, understood mostly - but then pisses away his stash into chumpatrons, 'competence' ?
mod6: if i had 1 satoshi for everytime they got it wrong, i'd have 1 BTC by now.
mod6: pff, how about 'how many satoshi in 1 BTC?' i see them get this wrong /constantly/ on twitter, drives me up a tree.
BingoBoingo: The way to learn though is more reading than doing, at least at first.
Drew: is there not/
Drew: i feel that there should be a way to earn trust with this space in other ways than proving bitcoin competency
BingoBoingo: Drew: Well the best time to start learning the space was 2010-2011. The next best time to start learning is today.
benkay: the opportunities in -assets are almost entirely bitcoin exclusive.
Drew: im definitely not an idiot, but a good friend of mine is the bitcoin expert
Drew: also as much as i appreciate the bitcoin space, it is not my expertise
BingoBoingo: The point though is to continue demonstrating you aren't an idiot
benkay: 'course, there's no cardano yet.
BingoBoingo: These things happen nearly every day. Maybe it takes a while for something to fit your skillset.
Drew: trust would be the point
Drew: seems like lucrative isnt the point
BingoBoingo: It really depends. You can scroll up to the conversation about making ozbot better as an example.
BingoBoingo: Drew: If you lurk opportunities get offered rather frequently to do things for people.
Drew: so i will basically have to dig a hole and fill it back in again for the sole sake of demonstrating competence
benkay: basically, other humans have to trust you.
Drew: yeah benkay, it seems like the web of trust is where i need to head to
Drew: i would imagine that there are some btc connections that may decide to become a fiat connection any day though
gribble: WARNING: Currently not authenticated. Trust relationship from user benkay to user Drew: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=benkay&dest=Drew | WoT data: http://b-otc.com/vrd?nick=Drew | Rated since: never
Drew: get into the wot?
benkay: otherwise, dog.
benkay: best way to substantiate claims about identity is...get in to the wot and get people vouching for you.
benkay: these are all claims as what require substantiation.
Drew: and actually have a team with 50 years of experience in the market
Drew: with the exception of tomorrowworld and counterpoint, 2 multi-day festivals with 100x the budget
benkay: what experience do you have managing dopamine-depleted volunteers and arbitrating rape accusations on the fly?
benkay: business rolls downhill to the heavy objects. be a heavy object.
Drew: thats ok, politeness isn't something i came looking for. I have a thick skin and would prefer constructive brute criticism to beating around the bush senseless politeness any day
benkay: go outside. meet people in the entertainment biz. raise money, do thing.
Drew: I am looking on the bitcointalk.org forum for an investor though, and one thing you may be able to help me with (if you are willing) would be how to more readiliy pitch it to them
Drew: I came here at the advice of ThickAsThieves, though I could have been more clear with him about the background of it
benkay: just index the s/p
Drew: electric daisy carnival is branching out their festival, and even though they recently formed a "creative partnership" with SFX (the corporate devil in their eyes) that is not taking away from their brand following
benkay: if your brand = your corporation, i don't see how that's addressing the concern.
Drew: i would correct you though benkay, in that the abhorrence is mostly towards large corporation involvement in live music, not so much the brands themselves
benkay: this sounds like "we;re going to be the grateful dead but ultra corporate and the kids will love it"
Drew: wise of them
Drew: they sponsor many festivals but are not in direct ownership of any
Drew: while they own many venues and are able to throw larger shows and more frequently than most people, they don't directly throw any festivals or 5000+ person events that i am aware of
Drew: i would say that livenation is automatically abhorred by the vast majority of not only e-tards but lovers of live music in general
benkay: how do you plan to address the e-tard's demonstrated abhorrence of large brands?
dub: I lol that the US learned about "EDM" 30 years later and is liek 'jump on dis new shit'
benkay: town down the rhetoric e-boy.
Drew: 8. the effect created by our structure will be to, instead of having one event per year for promotion to be centered around, we have 90-100 events associated with the brand across the country throughout the entire year to build promotion around, using each event as a social media hub and continuing to expand our presence. This will create the most unified EMC related brand that has existed so far, making it the literal perfect
Drew: 7. The medium / large scale events will be spaced out around the year in each different location (Atlanta, Dallas, LA, NYC, Portland, Denver, Chicago, Miami, etc) so that the portion of the fanbase we develop into rabid fans can literally follow our brand around the country, like some music fans do.
Drew: 6. Our brand will have 8-10 medium/large scale events (~10-15 thousand people, multiple stages, 20+ acts), each with 10 small scale events (500-2500 people, one stage, 2-3 acts) in the surrounding area. Each medium/large scale event will be annually, with the 10 surrounding small events spaced out throughout the year to lead up to each large scale event.
Drew: 5. The majority of music festivals, including the ones he has purchased, have one large event per year. If they are quality events, they gain a raving loyal following who attends every year and their audience steadily increases. (Electric Forest, Ultra Music Festival, etc)
Drew: 3. -If he was able to unite much of the industry under one brand, he would effectively control the marketing ability to 18-34 year olds with disposable income, an ability worth a tremendous amount of money to corporations that are looking to market their product to this demographic (of which there are a vast amount)
gribble: WARNING: Currently not authenticated. Trust relationship from user benkay to user ben: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=benkay&dest=ben | WoT data: http://b-otc.com/vrd?nick=ben | Rated since: never
gribble: WARNING: Currently not authenticated. Trust relationship from user assbot to user Drew: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=assbot&dest=Drew | WoT data: http://b-otc.com/vrd?nick=Drew | Rated since: never
Drew: 2. -out of the worlds population of 7 billion, 3.6 billion are under the age of 30, and 2 billion are millennials. -Electronic Music is indisputably the music of choice for the 18-34 year old demographic mentioned above -The “Electronic Music Culture”, as he calls it, is more digitally plugged in and more reliably marketed to in a modern sense than any other genre -The industry is currently very fragmented, and was much mor
Drew: 1. There is a media company (SFX entertainment) has stated that they are building a $1 billion empire in the Electronic Dance Music (EDM) space and have already spent $400 million buying different EDM festival related brands all over the world in the last year for anywhere from $15-$100 million.
Drew: OK - I have successfully thrown a music festival in Atlanta called Lunar Massive. Our plan is to continue the brand in the most optimum direction and develop it into the ideal acquisition target for the below company for the further below reasons. -
mircea_popescu: so dies another great business plan.
mircea_popescu: because everyone's living handout to handout, and the best way to be loved is to create the appearance of doling out handouts
mircea_popescu: mike_c everyone thinks "it's good pr". somehow the fucking world is upside down. for instance, in a sane market, the shareholders of the acquirer would discount ther share
mike_c: benkay: not retarded to do it, retarded to have these "blah blah company got acquired" nonsense
benkay: not retarded at all. better the team you know than the miscellaneous derps from the meetup you don't.
mircea_popescu: mike_c they used to, pre bubble.
mircea_popescu: who the fuck writes coinbase pr copy ? ahmed ?
ThickAsThieves: but the acquired folks are old ycombo buddies of coinbase's
ThickAsThieves: no $ amount mentioned for the deal
mircea_popescu: lol pron anal-yzation engines is where the webmoney is!
mircea_popescu: and one denominated in the wrong symbol.
ThickAsThieves: DrewHorne, either share or dont share, youre worrying about the drapes for a house you dont own yet
Jezzz goes back to his other project :)
kakobrekla: i am, as in exist, i havent started make the change yet.
DrewHorne: ThickAsThieves - so if I were able to discuss ~90% of my business plan here, but it involved fiat currency, would this not be a proper place to vet the plan?
Jezzz: mircea_popescu: i'm almost done, they better hurry :)
DrewHorne: was i not sharing both equally by simultaneously sharing what I want and how it would benefit them?
ThickAsThieves: you are more excited to share what you want from people, than what you have to offer them
mircea_popescu: <DrewHorne> BUT the investment has a 6000% return, looking for $1,250,000 USD in exchange for 30% equity of a company we will sell for $250,000,000 in 5 years << this should go in my list of "stupid things one should never say"
mircea_popescu: the paradox is entirely of your own making.
ThickAsThieves: paradox isnt the right word
mircea_popescu: <DrewHorne> basically my idea involves moreso a fiat investment rather than a bitcoin investment for starters, << so that's the end of the discussion.
mircea_popescu: alternatively, kako could indeed change the title.
ThickAsThieves: Drew if any of the secrets you keep are require dknowledge to vet your plan, then we cant help you
DrewHorne: BUT the investment has a 6000% return, looking for $1,250,000 USD in exchange for 30% equity of a company we will sell for $250,000,000 in 5 years
Jezzz: lemme see if there's an easy way to do like a dynamic search
mircea_popescu: i tend to just link a biutbet, then i find myuself having to paste data
mircea_popescu: Jezzz i wouldn't know wtf the bitbet 677 is off my head
DrewHorne: also some parts of the strategy are confidential, and would only be on the table for discussion after signing a mutual NDA and mutually confirming our identities
benkay: 677 is the unique id, Jezzz mircea_popescu
Jezzz: also, if you've got to provide the entire link, not sure that's a real handy shortcut
mike_c: you'll have to add up all the bets yourself because kako said so :)
ThickAsThieves: Couldn't kako also dynamically create the title to be that?
DrewHorne: basically my idea involves moreso a fiat investment rather than a bitcoin investment for starters, especially since it is over a 5 year period. I am very much of the opinion however that there are forward thinking and open minded investors of all sorts in the bitcoin space
mircea_popescu: that'd be the bare bones.
Jezzz: mircea_popescu: how do you imagine the bitbet interaction working?
DrewHorne: im coming from the bitcointalk.org investments forum, I have a very solid business plan that I am looking for investment on, and after speaking with ThickAsThieves he said that the best way to go about vetting my idea in the bitcoin space was to bring it here
mircea_popescu: ^ there
mircea_popescu: yes there's a json one sec
mike_c: Jezzz: bitbet provides json with all the bet information. just add ?json to end of bet url.
mircea_popescu: also, where does .bait pull the pix from ?
Jezzz: i'd just need to take a look at the bitbets api
gribble: WARNING: Currently not authenticated. Trust relationship from user assbot to user Jezzz: Level 1: 0, Level 2: 0 via 0 connections. Graph: http://b-otc.com/stg?source=assbot&dest=Jezzz | WoT data: http://b-otc.com/vrd?nick=Jezzz | Rated since: Fri Mar 2 23:47:44 2012
ThickAsThieves: <+mircea_popescu> it'd seem people suspect june/july will have major deployments of moar hash /// afaik ASICminer has yet to release the hounds
gribble: Error: Something in there wasn't a valid number.
mircea_popescu: the bitbet is for 14th july, heavy towards >14bn
mircea_popescu: soi the x.idiff expire 18th of june, and trading around 11bn atm
mircea_popescu: 8:28 btc for the july thing.
benkay: is there any field-leading work on option/parimutuel parity?
mircea_popescu: benkay iirc there was a 14bn on 14th of july
benkay: how's the arb look idiff vs bitbet?
mike_c: at least the idiff's are actually in play this quarter. nice to see.
benkay: <ThickAsThieves> in a few years everyone will just be their own business << why do you think i do what i do?!
ThickAsThieves: all the*
ThickAsThieves: in a few years everyone will just be their own business
mircea_popescu: and thjat's just oiff the top of my head
mircea_popescu: exactly how amps and shit are sold to the masses.
ThickAsThieves: these days you have to pretty much hand over a finished song that just needs to rap verses
mircea_popescu: ie, if you suck a major rap artist's cock (the mage) and he deigns to call you his crystal ball,
ThickAsThieves: mostly this is in contrast to rap beat production, it is all about the stars
ThickAsThieves: even teh FF series, probablty the most popular soundtracks, i bet less than 10% of buyers could name 1 composer
ThickAsThieves: they mostly go unappreciated
mircea_popescu: that's the clear proof that the thing is run as a lottery, and most everyone involved pays to participate.
mircea_popescu: be wary of lines of work in which there are stars.
ThickAsThieves: hell i could be the king if iphone app music or some shit
mircea_popescu: none of them willing to pay you a living wage, but all of them happy to have you on board.
jurov: ThickAsThieves: rather sell amps with surreptitiously embedded miners
ThickAsThieves: i dont disagree, but you also think video game company wouldnt pay to have a dedicate audio artist or team on their project?
mircea_popescu: there's no angle to be found to go around the simple fact that nobody is willing to pay to listen to some music.
ThickAsThieves: i havent convinced myself yet either
mircea_popescu: you can argue this with me till either of us get bored. point remains : this isn't a business, it's a hobby.
mircea_popescu: the (imo incredibly cool) voice acting including in present eulora was... a freebie.
ThickAsThieves: the market is thriving and exists
ThickAsThieves: it was very integreated with marketing of the album
mircea_popescu: which will mean that's all they'll want to talk about.
mircea_popescu: which will mean they will never have awkward silences discussing your shit
mircea_popescu: it'll keep the fans endlessly occupied with a fun debate
mircea_popescu: ThickAsThieves this is a good thing to do, but not for the direct reason. for the marketing meta-reason instead :
ThickAsThieves: where i would specify the headphones used
ThickAsThieves: the most recent almbum i was working on,
mircea_popescu: sound is air vibration. unless you package the air along with the signal, your digital thing'll be just a construction.
fluffypony: but based on some trivial readings I believe the major aim is authenticity - what goes on to the master (digital or otherwise) must be as close to reality as possible, let post-processing be done in playback
mircea_popescu: ThickAsThieves but basically, any "artist" is just called "a band" in my admittedly living in the past head.
ThickAsThieves: this may be still on the table, but I'm currently researching the video game music industry
ThickAsThieves: i did a whole floor plan for my space, i'll probly start some blog posts on the efforts after Amsterdam
ThickAsThieves: it was the object of my obsession til i found you guys
mod6: <+ThickAsThieves> hell, they cream over plugins that emulate vintage gear << haha
ThickAsThieves: hell, they cream over plugins that emulate vintage gear
ThickAsThieves: they cream over vintage stuff because new shit is all crap
mircea_popescu: just the offense this discussion brings to any serious ee may have him change his mind.
ThickAsThieves: he'd probably rape the scene
mircea_popescu: aesthetically driven technologies
mircea_popescu: i have a better idea : MIC THE SPEAKERS TWICE
mircea_popescu: kakobrekla so the amps do not have a jack into which you can plug your speakers or mixing table or anything else ?
ThickAsThieves: among others
kakobrekla: cause they are herps.
kakobrekla: mircea_popescu the speakers color the sound specifically depending on brand model, and guitar players want that .
ThickAsThieves: but not the same
ThickAsThieves: it's not the same
ThickAsThieves: because if i just record the line, then i must use digital effects and overdrive etc
ThickAsThieves: the speakers
ThickAsThieves: you mic the amp
mircea_popescu: because... they are... electric ?
mircea_popescu: because who the fuck plays an instrument anymore.
mircea_popescu: well yes. that's what studios are these days.
mircea_popescu: how the fuck do you want to do a soundproofing job w/o a db probe
mircea_popescu: funny, i can't tell whether my heater fan is working from here.
ThickAsThieves: like i said i cant block it off either
ThickAsThieves: i bet the fan even runs on elec mode
ThickAsThieves: motherfucker
ThickAsThieves: the best part is the installer wouldnt even take the replaced one, which works perfectly fine
ThickAsThieves: this one uses like 30% of the electricity
mircea_popescu: benkay some shit us idea that tries to combine the african water heater (big tank painted black) with the european model (burn gas under the pipe, like a reverse fridge)
ThickAsThieves: well the prior was electric, it only made noise when refilling with water after showers