0:00:00my mind defaulters not to accept an invitation to anything social so that
0:00:05serves me well to receive pay so you had an interesting week a bit anything
0:00:12happen
0:00:13where's your car that's the interesting part I don't have my beginning tomorrow
0:00:18or the next day or maybe maybe this weekend you know it's it's the same the
0:00:22same BS so it's interested so yeah anything else happen
0:00:27yeah I guess tumblr sold so you here so I hear ya any thoughts on that
0:00:35me know I don't want to rehash my blog post too much but I mean what do you
0:00:43wanna know I don't know where should I even begin there there's a lot there's a
0:00:47lot to cover there there's there is practical aspects of who they're selling
0:00:53to what what there may be doing what they might have sold why this is good or
0:00:57bad what this means for tumblr what this means for me what this means for you
0:01:01what this means for the animated GIF format there's there's so many things
0:01:05that they began about how you start extremely selfishly myopic Lee and you
0:01:12can blame me for this when you get a lot of flak for it and then will migrate our
0:01:15way out to whether this is a good fit but for the two companies that's unfair
0:01:20that works so you've bought how many opps how many cattle how many
0:01:25helicopters and I do believe I speak for John and asking when is his Ferrari
0:01:29arriving in one is my Aston arriving
0:01:32well first of all I should also mention the other awesome thing that happened
0:01:35this past week and that is that my wife and I visited the Syracuse's at their
0:01:39house under that tree in part to the jury though I want him off
0:01:45know we visited the house I stood under the tree and I managed to the head I
0:01:50managed to stay conscious and and and dodge although the phone acorns however
0:01:54I did witness the destruction that they have caused on these cars and and I do
0:01:58agree with John that if he's going to park a car in his driveway it would it
0:02:04would be a shame if it was a really awesome car getting all those dance
0:02:07however I will also say that
0:02:11one block away from John I passed a brand new black f10 m5 parked on the
0:02:18street that's where your car is
0:02:20yeah right exactly and and there are there were lots of nice cars in John's
0:02:28vicinity that were parked on the street and so I think maybe street parking
0:02:32might be good enough
0:02:34well you can like that for half the year you can park in the winter cuz they plow
0:02:38they don't allow it or you shouldn't notice to you can't tonight allowed
0:02:41overnight anyway
0:02:42ok yeah how many are there in the winter
0:02:47yeah you know something in my garage but it's a small garage I could wedge car
0:02:53and therefore need to think the same about the scars how to both covered with
0:02:56dance for the most part all those dance for created like early on before I got
0:03:03wise to you know what was going on certainly the ones of the Civic were all
0:03:06made before I realized what was happening because they just notice it
0:03:09then they accord it's like well tried to minimize it didn't care that much of a
0:03:14fancy car I would park on the street all time are talking into the garage in both
0:03:18places it would be totally safe for the garage will be tough because you can't
0:03:21put the car into the garage with kids and they can't get out 'cause i cant
0:03:24open the doors because the ground is too small so like I said I would need an
0:03:28entire new house to go with the new car maybe like one of those things like the
0:03:33apartments in hong kong something ready cargo not an elevator and then you can
0:03:37look at it all day behind a glass wall yeah so the visit was good though I am
0:03:45very jealous you and I had briefly colluded and I had thought about perhaps
0:03:50crashing your visit but as it turns out I had a very busy week of going to prom
0:03:55amongst other things and your weekend going to prom amongst other things and
0:03:59that's not a joke and it's a story that I'm not gonna bother telling but I was
0:04:03very disappointed that we couldn't that Aaron and I couldn't join you guys I
0:04:06would've been really awesome but there was a good visit the original plan was
0:04:09that would drive my new car there
0:04:11and I'll be fun new car didn't didn't get here in time so and we were we were
0:04:16going to messages for other reasons so so we figured but still visit the
0:04:20Syracuse's even though I had my old slow car and the driver crappy BMW
0:04:25practically terrible first world problems we should probably move so
0:04:35let's talk about how your filthy stinking rich in never have to worry
0:04:39about money except do it's not quite that simple there was a so there's
0:04:44there's two things on this topic but they were really good here up in here
0:04:49this is the link to one of them in the shower put the show notes by Dave Winer
0:04:53from back in the year 2000 back when all the planes are supposed to fall out of
0:04:57the sky and that one guy got a really overdo blockbuster bill accidentally so
0:05:03in the year 2000 he is basically an article about you know theoretically
0:05:09thinking about how much money do you need to be set and be fine and be secure
0:05:15and then how happy with the actually make you in practice and even number of
0:05:23good points like you know if you if you don't spend your money totally
0:05:26irresponsible if you only buy things that you actually use so that rules out
0:05:30things like you know fifteen different cars cars like only buy things you're
0:05:35going to use and you know don't be totally crazy about it like how much
0:05:40money do you really need before you can just live off the interest and you know
0:05:44be be fairly secure and his point is that it's probably lower than you think
0:05:49once you start realizing like well if you exclude things that you don't really
0:05:53ever use then then you know it's not that much of the things that you won't
0:05:59use but the point is the whole point being rich one of one of his point was
0:06:03hilariously true and and and I might need to think about it at some point he
0:06:11said that we get more practical buying things like second houses third cars
0:06:17vacation homes big things that I wonder if most people would be comfortable
0:06:20actually maintaining three cars have to be registered three times a year
0:06:24your second home needs to be furnished to maintain even when you're not there
0:06:27you say you can hire people to do these things for you then you to spend to time
0:06:31in your life dealing with employees is this happiness it might not be as happy
0:06:35as you think and you go so true it's like I just sold my fun car because I
0:06:41didn't like having multiple cars like it was so inconvenient in so many ways that
0:06:46I I'd rather just get one great car instead of having one decent car and one
0:06:51fun car rather have one bigger fun car and just combine the roles and that's
0:06:57that's that's what he's saying here is like you know if you if you start
0:07:00limiting yourself to like only things you actually would feel comfortable
0:07:02maintaining without being too much of a pain in the butt then then then a you
0:07:09don't need as much money as you think to reach that point and be money won't make
0:07:15you happy
0:07:16by itself the chatroom got into the same thing I was thinking like you have to
0:07:20break through that barrier so he could hire people to deal with the people that
0:07:23you hired him in danger of their homes like that's that's the break through
0:07:27barriers being rich rich is like no I don't want to deal with it the second
0:07:31house and worrying about it hired dealing with employees you have to get
0:07:34all way through to the point where you can hire people to deal with people did
0:07:38you hire and then you just have to hire like maybe two or three good people and
0:07:41you're all set and so having to deal with like incrementally as you buy more
0:07:45things having to hire more people to deal but i think thats like that's a
0:07:49whole other level like the same reason why I like you know there's this ancient
0:07:53John Stauffer article that talks about enterprise software pricing and how
0:07:56they're there's there's very little software price between $1,000 and
0:08:00$15,000 because once you cross over that threshold of $1,000.00 so you need to
0:08:05start sending sales people out to businesses and everything in your costs
0:08:08go up tremendously by having overhead of committing the business and its ok to
0:08:12spend this kind of money is a need to raise your prices like this big price
0:08:15gap I feel like there's a big like you know rich person management alike if you
0:08:21where you can't like it would suck to hire like a person to manage your
0:08:28vacation house for you and in my opinion also sucks to maintain a vacation house
0:08:32like my in-laws have always had like there
0:08:35r their regular house in their vacation house and my mom has has she said the
0:08:39same setup now she's back to one house but maintaining two houses really does
0:08:44suck like my my mom and my endless day they like doing it so that was fine and
0:08:49you know they that was fine for them maybe it's fine for Merlin but I think
0:08:55like the idea of maintaining multiple houses like it's the same reason why
0:09:00didn't want to cause any more like I just I hate all that crap and and you're
0:09:05right yeah I guess I guess like the super rich will then have have tears of
0:09:10people that are maintaining but that's really expensive and so you have to have
0:09:15to be like
0:09:16substantially wrecked it even manage that and be even if I got that kind of
0:09:22money I don't think I feel good about spending it like that you know that if I
0:09:27were talking you know once once the rumors are flying about the number thing
0:09:31on I think it was Friday night when they first came out we start talking like ok
0:09:35what if this is really you know what will we do if we if we get a chunk of
0:09:40money from this and we we both know we're talking through really no I don't
0:09:46think we really gonna buy anything immediately and I don't think we're
0:09:50gonna make any substantial changes in our life like it and didn't tell her
0:09:54about the pci-express SSD I guess I I told her it installed for you guys this
0:10:00is this is how much I like you guys it's installed in my computer right now and
0:10:04I'm not using it because the transfer would have taken too long and I would
0:10:08have run over into the show ya so this move your email and try to copy all your
0:10:13data at the same time the email is a separate issue I was actually deleting
0:10:1880,000 notification emails from PayPal from various Instapaper subscription
0:10:24things over the years cuz everytime people as anything the email you even if
0:10:27it's something like that we're like an API will be a lot better
0:10:30nope nope somebody has to get an email so people are so so bad please I i
0:10:38prayed to the gods of programming out there don't let anybody ever used PayPal
0:10:42again by the way this is a topic we talk about when its launch but
0:10:48this Jolla square cash thing looks really interesting you see this thing
0:10:53that your iPad goes into to make a point of sale
0:10:55know that that's something that's the register this is square is apparently
0:10:59beta testing or by by invitation only testing a service where you can send
0:11:04anybody what appears to be an ACH payment for $0.25 no matter what the
0:11:09amount of the payment is to an email address and email address and they log
0:11:13in and they they claim that the deposit in the bank and now you're Philadelphia
0:11:17$0.25 yeah now so and if true that would that would make it substantially cheaper
0:11:24than almost any other easy way to send amounts of money larger than a few
0:11:29dollars it's it would be it would be very very nice like three percent or
0:11:362.9% plus $0.30 minimum or something like that ever and as a percentage of
0:11:40you send someone ten grand also has ties to be spending right exactly and and so
0:11:45like you know if if you know your if your space or buy something for like
0:11:49$1000 or $500 or something online and you know if if the vendor or if you are
0:11:54you know somebody's eating three percent off that that actually add up to be good
0:11:59money and so an end to the most part there really isn't a good way to do big
0:12:04transfers like that in the us- and I know the rest of the country for the
0:12:09rest of the world has like all these electronic payments in in very common
0:12:13usage we really don the USA everything here is backwards and you can you can
0:12:17help somebody a paper check which I don't even know if people in the world
0:12:23even know what we mean by that you would spell it with a qu at the end and it's
0:12:31it's like I feel like the rest of the world looks at the way we deal with
0:12:35money in the USA with transferring money the same really we look at our parents
0:12:39of all they ever use of those vacuum tube things they never used ATMs you
0:12:43know like it too so backwards anyway but I forgot I lost track so you did not
0:12:50know in advance you were not briefed that's correct and so so i cant actually
0:12:56this is not for the show's just for me what happens when you're sitting at home
0:12:59on a Friday night you see holy cow
0:13:01God the company that I have at least a shred of interest and is going to sell
0:13:07four billion dollars I think how do you react to that
0:13:11well I was very very cautious in in my emotional responses because it wasn't
0:13:17definite
0:13:18I I wanted like I didn't hear about it in any kind of official capacity until
0:13:23after the press release out on Monday morning so you know I learned in the
0:13:29press the same way everyone else learned and not at all no because think about
0:13:36Yahoo's a public company so I guess I knew in advance that could cause
0:13:40problems with some kind of trading think of it like i dont wanna I don't want to
0:13:44deal with that crap you know that's the last thing I do is get into like weird
0:13:48financial regulations and put myself at risk or anything you know like so I'm
0:13:54very glad that I was I was just as informed as the public on this but I
0:14:02didn't want to mentally admit to myself that it was happening until I knew for
0:14:07sure that it was happening and I'm still a little bit reserved in my head because
0:14:10like the cell hasn't technically closed yet like I don't have the money yet so
0:14:16like that that takes weeks or months of various paperwork and everything so i
0:14:21don't i don't think I even know when it will close I know it's going to happen
0:14:24eventually but you know so I think once once I actually have some kind of
0:14:30tremendous bank deposit you know then I'll feel real until it's still kinda
0:14:34like now it feels almost real because it's been confirmed but over the weekend
0:14:37it was really just like I think this might happen because the reports they
0:14:43were from AllThingsD and there were multiple reports and that's that's a
0:14:46pretty good sign they're pretty well sourced and also you know and every
0:14:51little bit about this in the post from everything I know about David and Tumblr
0:14:56the reports sounded extremely plausible it was like OJ Simpson's like if I
0:15:01didn't book like lisa has heard about that took me a second to realize what it
0:15:08was like like if they were gonna sell it
0:15:11this is how it go you know so I so I knew like looking at these reports like
0:15:15this looks just looks real and so I I was pretty sure that they were
0:15:22definitely negotiating this I but just like everyone else you know it was
0:15:26hinged upon the Yahoo board approving it and then I didn't know it was going to
0:15:30approve it
0:15:30United know what's going on so so I believed hundred-percent that there were
0:15:36talks but I did not know whether whether it would result in an actual sale or not
0:15:40you know cause I mean when you have a company that size is always talks has
0:15:43talked all the time with people right now you didn't immediately start making
0:15:48a list of where you're going to buy a second garage and what caused you can
0:15:52fill it with or not it's a thing like this great day one article I i dont
0:15:57really wanna make any changes like that in my life because you know I i've kind
0:16:03of been lucky in in when I've made money in my life that if I can say that
0:16:10without sounding too much like an arrogant
0:16:12you know I started out from a pretty modest background and so I always I
0:16:22always had a pretty good sense of money I always had to work for my money i we
0:16:26had to save my own money you know I was bought my own stuff with my money so
0:16:31that's why I have like my side of things like reviewing the best like trying to
0:16:37find the best headphones try to find the best light bulbs like that's that's
0:16:40where that comes from in me it that that's that's the part my personality
0:16:43comes from is like trying to try to get a goodbye try not to like waste money
0:16:48unnecessarily stuff like that so it helped that then in a way with
0:16:56Instapaper and for a while having two incomes and wisdom I was doing in this
0:17:01paper and homework the same time I started getting some extra money and
0:17:05because it happened gradually and because I had come up from that
0:17:10background I was never like blowing money wastefully I was never like you
0:17:15know I don't think I mean least excessively is never late being totally
0:17:19responsible about it and so now that I have more than that
0:17:24that I will eventually have more than that I'm kind of glad that I had this
0:17:31intermediate steps because you see like when people when people win the lottery
0:17:36and you use it like working class people who have never had access money in their
0:17:41lives they win the lottery and parliament has an issue this week they
0:17:46win the lottery and then like like like statistically so many of them are
0:17:50actually not very well off like a year to lean more like not very happy if they
0:17:56have problems you know there's so many ways like I think no matter who matter
0:18:01whatever and making my life no matter how much money I have or make in the
0:18:07future I don't want to do things like have had a iPhone and iPhone you know
0:18:12and by the way I should point I got a really nice email from Dave Morgan he
0:18:18did you yeah he's here you know the more I never met the guy but but I've emailed
0:18:22him a few times I really do think he's a decent person who just got caught with a
0:18:27terrible interview like you get you know hehe I i dont wanna say what he said i
0:18:32think is private but it sound like he was definitely like a victim of of a
0:18:36sensational editor and writer that like almost everything he said there was
0:18:42probably taken out of context and and so he's he's not as bad as it sounds but
0:18:49anyway so you know there's things like that and I think are are just
0:18:56unnecessary and wasteful and no matter how much I have or don't have always
0:19:02think that and so I already have most of what I want because most of what I want
0:19:08is affordable and have been able to afford it so I don't really like I don't
0:19:13this is why this is not really going to change like I'm really happy that we
0:19:18bought our house back when I was working at tumblr so just on a it was a good job
0:19:24it was still a regular salary job so we bought a mid-price house for our area
0:19:30and we didn't go crazy we didn't spend like millions of dollars on some giant
0:19:35mansion
0:19:36and I feel like if I didn't yet own a house and I suddenly came into a big
0:19:41lump sum of money I might be tempted to spend a big chunk of the house and now
0:19:46that temptation is gone because we already bought a house we are to have
0:19:49this house and moved the concept of the idea of moving is so unappealing to me
0:19:55that you know it doesn't really matter that we matter if we come into big sums
0:20:03of money at any point now live from this point forward we have a house we want
0:20:07for the foreseeable future and so I don't need to I don't need to blow all
0:20:13the money on on a big house or something like that you know it's interesting to
0:20:18me that dear friend of the show david smith said in the chat and I completely
0:20:23agree with him independence is the vert virtue I value most some of which money
0:20:27can buy but moreover is about how you make choices and I think that's very
0:20:31true and I would I would build onto onto that that everything is relative and so
0:20:36I think to Miami I make a decent living we're very comfortable and I think
0:20:41myself man it would be pretty cool to be able to go and just buy or lease
0:20:45whatever brand new m5 I think that beat it's arguably within reach maybe but
0:20:51it's it's still a stretch if not a little bit outside of the edge of my arm
0:20:56that makes any sense
0:20:57similarly I'm sure there are people that would say man I would love to have a
0:21:01lightly used three series and then there are people that would say man I would
0:21:05love to have a lightly used accord were or whatever in and I'm not trying to say
0:21:10that that that we are ranked in any sort of way financially it's just that
0:21:15everything is relative and everything is a choice and I think I speak for both of
0:21:21you guys I feel like I know both you pretty darn well that we make choices
0:21:24about how we want to spend our money in such a way that we are not really
0:21:28longing for more of course everyone always wants more money but it's not the
0:21:33sort of thing where our lives would be demonstrably different if any one of us
0:21:38had say double the salary that we have today on John doesn't make sense to you
0:21:42would you agree with any of my crazy might be different but not
0:21:45many important way beyond important way is still be cool he would absolutely be
0:21:51cool like I think I always feel like I would be excellent rich person I will
0:21:59never actually be a rich person that that's just like those stories of people
0:22:05who win the lottery and do foolish things money or like recording artist
0:22:08Sibylle or the money just like man like you know the money was wasted on them
0:22:13because they had no idea what they're doing and just you know and I don't know
0:22:17what it is I don't know how it is any connection at all between the people who
0:22:22end up getting rich and and are smarter than many of the people I think maybe
0:22:25the only thing that I could come up with is that you mostly hear about the people
0:22:29who get a lot of money and screw it up there is tons and tons of people get a
0:22:33lot of money and don't screw it up and it's boring so you don't hear stories
0:22:37about them so you know they just have a nice life and live within their newly
0:22:42expanded means perfectly fine and and that's boring and you'll hear about
0:22:46their do you know the person who gets old but I you know that's and I don't
0:22:53know if there's anything you do it like that the market is that it's nice to get
0:22:55money gradually learn to deal with it I don't think if you got it all of a
0:22:59sudden you you would have blunted anyway like I think it's just a personality
0:23:02type thing where you know I'm no amount of training with gradual because what
0:23:07you see with the gradual ramp-up of money and I'm sure we've all seen this
0:23:09is it you know someone graduates college or something and I start their first job
0:23:13and they get like a low salary and they get an apartment to keep getting raises
0:23:16a nicer apartment and they get married and get a better job of two incomes and
0:23:20buy a house in like that can just continue to creep creep up where people
0:23:24every time that people get a little more disposable income like oh wow we can
0:23:27afford a better house you can afford a better over now we can afford a better
0:23:30this and they just there never are content to live within their means need
0:23:34to chase their income to the point where they're like boy I need to be making
0:23:40three hundred grand a year just to maintain my lifestyle and my wife needs
0:23:43to also make 300 grandkids now our lifestyle requires six hundred grand a
0:23:47year just to get by just to pay for all the cars and houses and private schools
0:23:51and fancy clothes and vacations that we're now accustomed to and
0:23:55a decrease in my income is now a sacrifice my lifestyle and that that's
0:23:59the the the the travels of gradually rushing things if you're not smart about
0:24:03your money is that you just constantly as soon as you get some more disposable
0:24:07income you want to upgrade everything in your life so that's likely more
0:24:11insidious version of the OS gonna blow it all on you know fast cars and women
0:24:15can be broken and I know I definitely know people like that who they're living
0:24:22within their means but always just and that is a foolish may have pushed me to
0:24:26live I mean I can also play with me like I also have I guess some personal traits
0:24:33that they keep this in check like one of them is that I hate any kind of debt I
0:24:37really I I prefer to not have any debt if I can and fortunately for most of my
0:24:43life have been able to maintain that that's not entirely sure I had a car
0:24:48payment back anyway
0:24:49tax shelter for your mortgage interest to keep that one right and but also you
0:24:56know I have a pretty boring life style by most people's measurements you know
0:25:00what I don't go out and party I'm not gonna be buying $1,000 bottle of
0:25:05champagne to pour onto rap stars or anything I i dont know im still like no
0:25:12matter how much money I ever have and probably always going to wear jeans and
0:25:16a t-shirt most days like you look at Steve Jobs the way he lived he had a
0:25:23ridiculous car that he got a new one every few months we would have to have a
0:25:26license plate but he lives in a pretty normal house like it was a nice house
0:25:33but it wasn't like some kind of tremendous state you know with horses
0:25:36and tennis courts and he was like a regular house in a neighborhood he wore
0:25:40regular clothes he wore regular shoes you know he had nice computers but
0:25:45that's understandable and it's also not that much money relatively speaking
0:25:50you know I feel like I feel like it in in the way that that John you say you'd
0:25:56be a really good rich person I think I'd be pretty terrible one because
0:26:00I don't do any of those things that you think of as rich people doing and I have
0:26:06no desire to like I don't intend to join a country club I thought I would I would
0:26:12have to kick my own but if i dont a country club I don't intend to like even
0:26:18golf which have actually enjoys got quite a bit but I don't I don't intend
0:26:26to do that myself like the idea of even like her like I i don't want to do
0:26:35anything that would cause the rest of my working-class family to think I'm a dick
0:26:40you know that makes sense like that's the the sensibilities of regular people
0:26:46have been so bad into my personality that I never even I have the ability to
0:26:51blow any amount of money on some particular thing I don't want to do it
0:26:57cuz i dont want I want to do it myself i dont wanna know that I did that and I
0:27:01don't want my family to find out here in the thing that struck me was I i dont
0:27:09number what day it was but I noticed either Friday or over the weekend or
0:27:13maybe it was Monday night one of you guys are you hurt if posted a picture
0:27:18from the restaurant that the four of us have been to a couple times that's right
0:27:24near you and I thought to myself you know if I had had some amount of
0:27:28windfall be that a thousand bucks 10,000 bucks whatever doesn't matter but some
0:27:33amount of windfall I think what area and I would probably do is go to a nicer
0:27:37dinner you a nice city or something like that
0:27:39not something absurd not thousand dollar bottles of wine or whatever or champagne
0:27:43or whatever what have you got a nice dinner and here it is that you guys have
0:27:49ostensibly just earned a significant amount of money granted it's not there
0:27:55yet but in principle you've earned a significant amount of money and here it
0:27:58is you went to the same restaurant that the four of us have gone to I think
0:28:02every time if not every time we visited you then nearly every time and it is not
0:28:05a bad restaurant by any stretch but it's an average American restaurant casual
0:28:09family pub you know like not on trees like 10 bucks you know it's not yet and
0:28:15you know I went there because we have a one-year-old like them at fancy
0:28:21restaurants we used to go to this place like once a week ever since we had the
0:28:24kid we now go to like once every five months because I so don't want to be
0:28:28that guy whose kids are screaming in the restaurant serving on the floor I'm so
0:28:32afraid of being that guy that we hardly ever go out to restaurants anymore and
0:28:37that's like that's how I spent that day I didn't shower until right before when
0:28:41the restaurant I was in a crappy white t-shirt I swept my patio cuz they were
0:28:46flowers from a tree all over it like I did I'm a regular person doing regular
0:28:51things like that my day to day life is not going to change people shower and go
0:28:56to work in the morning just let it slip that you want to see i've been i've been
0:29:03showering inappropriately times the day for like a year and a half now
0:29:06unemployed people do that too
0:29:08why don't you just want to ask you about Yahoo
0:29:12our first sponsor this evening like I don't know when you're listening to this
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0:30:30Squarespace is everything you need to create an exceptional website know thank
0:30:37you for sponsoring them sponsors for like the 95th time you imagine how much
0:30:41the podcast Robert sockets Christmas it would suck so hard it would be to turn
0:30:46their seriously supporting like half the podcast industry it's absolutely true
0:30:51and I don't know how they do it but I'm glad they do and not just for the
0:30:55chauffeur for all the different shows they sponsor so I want to start by
0:31:00asking John and I wanna hear Marco you can wrap this up
0:31:04John what do you think about the idea of Yahoo and Tumblr being one sort of but
0:31:11not doesn't make sense to you too that is that is that a good marriage if you
0:31:15will or does that make no sense it makes sense in a cynical way that these
0:31:20acquisitions make sense in the Yahoo is clearly like in turn around I guess
0:31:25you'd call it you know the new CEO bold new strategy cut the fat recon straight
0:31:31on the good things are so it's it's in the mode where it's trying to turn
0:31:35itself around and it used to be the hip cool thing but isn't anymore and it
0:31:40makes sense that it would be up there shopping for something that is hip and
0:31:43cool and something that has a lot of users and Tumblr on the other hand it is
0:31:47insanely popular tremendous growth but very little but in a way of ways to turn
0:31:55all that popularity and money they did what they sell premium themes and some
0:31:59sort of promoted post stuff like not the type of you know that they have all
0:32:03these users and they want to monetize them and they haven't quite figured out
0:32:06how to do it in a way that scales with the size of their business so they're
0:32:12more than happy to take Yahoo's money and I was more than happy to give it
0:32:16like what is Yahoo need lots of users and cool and I need money because it has
0:32:21been how to make enough on its own so in that sense the marriage makes sense but
0:32:25then when I think about what are we left with is this combination
0:32:29is gonna help Yahoo as much certainly was gonna help tumbler with money but is
0:32:36it just like ok well now we have assured that you we can continue to be tumblr to
0:32:40be cool but also continue not to make money that's not really a great outcome
0:32:44in its kind of neutral her tumblr but not great for Yahoo so I wonder how much
0:32:49tumblers really gonna help Yahoo how they gonna they're gonna figure
0:32:52something out together to become more than they were individually remains to
0:32:56be seen
0:32:58I completely agree and I just don't understand how this Billy benefits Yahoo
0:33:04released in the near term in any way other than hey look that company that
0:33:09that website that all the kids these days really like yeah that's arms baby
0:33:14but they get all the users to them like that now all of those users are their
0:33:19users and you know when you have that number one is maybe Marco knows what is
0:33:24nice and graphs on how many millions of people on tumblr now it's like its big
0:33:29number and and so even if those people like well then I like you have access to
0:33:36them in some way like you have a shot like they're yours their captive and so
0:33:40if you call for some great new idea for some new property or something really
0:33:44just want to promote the new Flickr to them or something suddenly you can do
0:33:48that and you know what the PayPal blur to put like one little hey check on
0:33:50Flickr thing in the upper right-hand corner that you can just do that really
0:33:53easily that's a stupid example but like having access to those people psycho it
0:33:59is a big to try making if Yahoo tried to say we're going to make a new service
0:34:02and it's going to become a popular stomper good luck with that right but so
0:34:05just getting time but you get those people so you still have a good time and
0:34:08money from them not to piss them off and all those other things but at least at
0:34:12least there there that equals billion dollars I guess yeah and the show David
0:34:18Spencer said 300 million monthly unique visitors 220,000 sign ups everyday David
0:34:23Smith is basically a real-time follow whenever you see her naturally but they
0:34:28agree 13 times the show which is not surprising but I agree
0:34:34thank you I don't see how Yahoo can really capitalize on having all these
0:34:42users without taking off all these users in the sense that if I were developed
0:34:46tumblr users and my blog that I write on once every seven years these days is on
0:34:51tumblr but that being said if I were fighting really know the backstory and I
0:34:56just heard in the news Yahoo now on Tumblr and all of a sudden I start
0:35:02seeing links told his Yahoo properties immediately I'm starting from my hands
0:35:05in the air and saying how they sold out and now I feel like I'm just another
0:35:08eyeball to show up to their other properties to do in a crappy think think
0:35:13of the newly revised Flickr on Flickr was it a much beloved service that
0:35:18seemed to stagnate and now they revised it is mostly the revisions also getting
0:35:21a thumbs-up right thing about this right so wouldn't it be great if you could
0:35:26very easily plus pictures from Flickr to your tumblr does that hurt you as a
0:35:31tumblr users know now it may be easier for you I suspect maybe you didn't use
0:35:34Flickr be like oh well since it integrates all of tumblr now may be a
0:35:38sign up for the Flickr thing and you someday become a Flickr user Flickr does
0:35:42have a business model maybe perhaps not a great one yourself standing on but it
0:35:46does have some way to collect money from you and that's kind of you know it's
0:35:49like a sack type things like how well there was free and integrate well
0:35:54integrated with tumblr and I'll sign up for it and then you start looking sexy
0:35:57pretty cool you start using an like you didn't feel like it was shoved in your
0:36:01face but merely because they're under the same umbrella they can do deep you
0:36:05know really cool integration that wouldn't be possible through just if
0:36:08they were just talking to each other in API over the internet as two separate
0:36:12companies and that's that's one small example but I really I think it is
0:36:16possible I think Apple stuff is integrated with each other it is
0:36:19possible to do integration in a way that customer see as friendly and beneficial
0:36:23and not as shoving each other services in my face and then that makes me wonder
0:36:30is it really worth a billion dollars for that
0:36:33potential integration and that potential way of making these eyeballs look in
0:36:39these other directions and I would guess marcus says yes but super user you know
0:36:45like you have added up like think carl does it cost of someone share another
0:36:49cost of acquiring new customers if you do the math Mike how many new potential
0:36:53customers that just grab under its umbrella how much should I pay for each
0:36:57of them but I think things are worth what people are willing to pay for them
0:37:00and so that's just how r capitalism works so someone was going to pay a
0:37:06billion that it that it is by definition worth a billion you know and it's
0:37:12certainly I found it refreshing in market promise I'll give you a chance
0:37:15here in a second but I found it refreshing although odd that their press
0:37:18release was so self-deprecating as a self-deprecating guy I that made me
0:37:24happy to see somebody else to talk the way I talk but it was odyssey that a
0:37:28press release I think the second I tweeted something like the second line
0:37:32of the official press release this wasn't the thing that that David posted
0:37:35on tumblr it was the official Yahoo press release the second the
0:37:40sub-headline was promises not screwed up and I thought that was so remarkable and
0:37:45it was it was also my thought it was awesome anyway and in that was to me
0:37:50that was a very good sign that that that they know not to screw in a light on the
0:37:57other side don't you kind of by definition need to screw it up in order
0:38:01to get any real tangible value out of it and John I think your point a minute ago
0:38:06so great counterargument that no maybe if you just do a really good and sought
0:38:11all job of integrating with your existing properties maybe you don't need
0:38:14to screw it up in order to get your money's worth
0:38:16but it's it's a maybe I'm just not imaginative but it's a very big leap for
0:38:21me to see how you can really get a billion dollars worth out of just
0:38:27integrating with liquor and I know that was a silly example but you did it
0:38:31doesn't make sense
0:38:31tumblr tumblr is a little bit of a puzzle because tumblr had a long time on
0:38:36its own
0:38:36during which it cannot figure out how to get its money's worth out of its
0:38:42tremendous number of users I don't think that Twitter has the same type of
0:38:46situation you're not going to get money out of them but like they like you feel
0:38:50like you should be getting Facebook's size and money out of a facebook size
0:38:55number of users Facebook as well over 200 million never been a bit like they
0:39:00got enough surely enough money to keep themselves going and everything happens
0:39:04just like man just just just so many people like how do we how do we get the
0:39:08money that we know is there like these people like our product they using it
0:39:11but probably not willing to pay more than likely just gotta be something
0:39:14locked up in there and and just didn't feel like company ever figured out how
0:39:17to get the amount of money that thought it should get out of there maybe Yahoo
0:39:21doesn't need that kind of money out of these users because it uses themselves
0:39:25just having them happy and using this something that that Yahoo owns is in
0:39:29itself
0:39:30worthwhile so they don't need to get more money out of it but I don't think
0:39:34you can just suddenly turn on the money for Citroen Tumblr and say now we just
0:39:39believe these people drive because that will that will go running away and
0:39:42you're never you're never gonna get that kind of money under these people that
0:39:47did you think you should just because someone else but not gonna pay to use
0:39:51Tumblr not that many of its Marco and let us havin what do you think well I
0:39:58should preface this first of all with a tremendous disclaimer that I don't have
0:40:04any inside information here really I love Tumblr in 2010 even then I hadn't
0:40:12gone to the board meetings in years I really wasn't that familiar with the
0:40:15finances the company or even the girls at that point I was focused entirely on
0:40:19just my job because service stuff but certainly since 1955 had minimal contact
0:40:27with them I see the people they're here in there socially but we don't talk
0:40:31business and I'm usually used her that much since then because I what I want to
0:40:38write my own BlogEngine and support that so anyway I should preface this by
0:40:41saying that this is not based on any kind of inside information about the
0:40:44company and I'm still a bit nervous to even comment on this but I'll do my best
0:40:50to give you some kind of content without getting myself into any kind of trouble
0:40:55I think in in very general terms I think that Yahoo has a lot of money but they
0:41:04don't have a lot of relevance and tumblr has a lot of relevance and they don't
0:41:08have a lot of money and so i i think it if you look at the dollar value for a
0:41:17while because I don't think the dollar value matters that much for looking at
0:41:22why these companies benefit from each other I think tumblr first of all the
0:41:31discussions on whether Yahoo's gonna screw it up I think you to consider
0:41:38first of all that the alternative is not tumblr adjusting as it exists now
0:41:43forever
0:41:44alternative would be tumblr securing it up or Tumblr not screwing it up and so
0:41:49you can look at some of my Twitter where twitter twitter had a similar growth
0:41:54patterns tumblr about a year and a half before it and rather than get acquired
0:42:00and some kind of massive mega-deal like this twitter has has led to just keep
0:42:05going independently and and you know try to make a profit reliably and and and
0:42:11you know maybe eventually have an IPO who knows but you can look at what
0:42:16winners had to do to pull that off and it's really angered a lot of people
0:42:20included so you have to consider also you know what of tumblr didn't get
0:42:27acquired right now what would the next few years of tumblr look like and the
0:42:34company was growing so quickly and as a result of course I'm sure again this is
0:42:39not based on inside information I i assume their costs were growing a lot
0:42:44too and the problem is right now Facebook's IPO was a huge disappointment
0:42:52before that Zynga's IPO was a huge disappointment and a huge
0:42:59disappointments
0:43:00big consumer web tech companies having IPOs have not done very well recently
0:43:06and so when your company gets really really big to the point where almost
0:43:11nobody can afford to buy you any more like Twitter is a great example when you
0:43:17think about what they have to do you know if if they have to keep raising
0:43:22money from investors those investors going to start thinking about what's the
0:43:24exit plan here you know how we ever gonna get this
0:43:27get a good return on this money you know if we're gonna be dropping you know
0:43:31hundreds of millions of dollars into your company if the IPO market isn't
0:43:35very good you know if if our out if are possible outcome is what happened to
0:43:39Facebook with their crappy botched IPO than you know that's not very good for
0:43:45the investor so I think it's probably hard to raise money when you're that big
0:43:50of a company I kind of reasonable terms and that's why I think we see what
0:43:55Twitter's been doing this past year to is trying to make a lot of money as
0:44:01quickly as they possibly can so again this is not based on inside information
0:44:06the speculation but I think it's probably worth considering whether
0:44:12tumblr would have reached that point and if so when
0:44:15and now that Yahoo has bought it if they were gonna be anywhere near that point
0:44:22they probably wouldn't be any more or at least the pressure will be significantly
0:44:26reduced in the times gonna be more flexible not to say that Yahoo has
0:44:30bottomless pockets but you know Yahoo can afford for this unit of their
0:44:36business to lose money for a few quarters are for a few years before it
0:44:40starts making money or as an independent company can't really do that very well
0:44:44you can but then I mess up your finances and so this is not a great time to be a
0:44:51company like Twitter where the hope of an IPO making a big is pretty low and
0:44:58you're so big nobody can by you and you can only raise money on good terms
0:45:02anymore so that's why Twitter kinda had to do what it did to be bought and I
0:45:10didn't want to be but most people could afford
0:45:13you know most most people who were likely to want to buy Twitter whenever
0:45:17really hard time justifying a kind of purchase and Twitter doesn't want to be
0:45:21like you said that was a decision so that's different than not being able to
0:45:25like me on facebook the same thing face because the classic example where we got
0:45:28who's speaking of wanted to buy facebook four tons of money at various points and
0:45:34taste said no and that was you know that was his call and it seemed at the time
0:45:39but now Facebook is much bigger than they were then and you know worked out
0:45:43for him
0:45:44Twitter seem to follow the same playbook people wanted to buy them they said no
0:45:47we want to go to longer going to be the next Facebook and now we're waiting to
0:45:50see if that's the case so yes i know im so I think you can make a pretty good
0:45:56case for why tumblr benefits from Yahoo because there's this whole set of
0:46:04massive financial pressures that not to say that that all pressure off them but
0:46:11now they have a lot more flexibility in that presumably and plus a look at what
0:46:18you what tumblr has tumblr has like you know all these users and all his
0:46:23relevance on these cool people in all this hip content being created all this
0:46:27engagement and they don't really have much of an ad sales force yet as Yahoo
0:46:33has a massive ad sales force and they're desperate for use of engagement so again
0:46:37I think it makes a lot of sense why do companies go together and you look at it
0:46:42from Yahoo's point of view and as an outsider a look at Yahoo and think
0:46:46here's a company that nobody pays attention to any more and I think on
0:46:50their news call this said that their average demographic is is getting older
0:46:53and that's not good form for money so like you see this company kinda losing
0:46:59relevance and and just like if Yahoo News Service
0:47:05even talked about it nobody blogs about it and none of the geeks like us even
0:47:09try it and so they they have to make drastic moves to get more relevance and
0:47:17to get back on track
0:47:18they also need the social network they did you know that Google has Google+
0:47:22which might or might not be actually used but they at least have it they have
0:47:26database table somewhere with a lot of ideas and that's why they call
0:47:29themselves users Facebook has itself having social really Xbox Live ok that's
0:47:39something that's sort of sort of a few pieces here and there but Xbox Live is
0:47:45not a piece that's full-fledged social but yeah a little bit I don't know why I
0:47:49think it's a little bit different but OK
0:47:53that they have some good pieces I think Yahoo need something like that and so
0:47:58now the habit so you can look at all these things there's a lot of reasons
0:48:02why these companies benefit from each other without even considering the money
0:48:06aspect of how much they bought it for so much about it for I have no idea what is
0:48:11based on you have no idea that's based on it doesn't really matter honestly
0:48:13like it matters to the shareholders but it doesn't really matter to the world
0:48:17you know how much you paid for it would be fun to see the slides though because
0:48:21you know there is a slight it says we protect the value of our people over
0:48:24this amount of times this amount of money so we feel that by his company
0:48:27you're buying the future you know like you know this BS graphic explaining why
0:48:331.1 doing this the number is not one billion but you know all those are all
0:48:38in all those grass like the along the x-axis the thing at the left edges like
0:48:43the current and everything else is the future so just like projections of
0:48:47fantastical future they may or may not come to pass will also keep in mind too
0:48:52like there's a lot of value here not just you know there's value to Yahoo in
0:48:57buying this particular social network site publishing thing because they
0:49:02didn't have a social network and there aren't that many that are meaningfully
0:49:05size that they can afford that's one big problem they have why they are they
0:49:09really going to Tumblr one reason why I told him I might need to guide you in
0:49:12particular to be the buyer gonna sell is the Yahoo is in this place of humility
0:49:19and change and progress and I know David pretty well and David David is not
0:49:25somebody who wants to be told what to do with this product constantly you know
0:49:29he's gonna want his own say and from all the reports that sounds like you know he
0:49:33Marissa Meyer see eye-to-eye lot and he got
0:49:36you know he's locked into work for them for a little while and and and she's you
0:49:41know she was apparently promising some kind of autonomy or at least you know
0:49:45giving him a good good amount of authority so it matters like who buys
0:49:50you but if you look at one of the reasons why why you might wanna Saudi
0:49:54Yahoo instead of say Google it because Google has not shown that the very good
0:49:59acquire and are so many things that go bump my Google and then either get
0:50:03stagnated or shut down or the people get annoyed about internal stuff and they
0:50:08leave so you know if it matters who buys you and if you care about your future
0:50:14happiness and the future health of your product you gotta make sure you sell it
0:50:17to somebody who works right you gotta make sure that you sell to somebody who
0:50:22you trust to to be decent to work with and to do well but the product you can't
0:50:28sell to anybody willing to pay a good price
0:50:30Yahoo would have been much better off tho buying the Tumblr as it existed
0:50:35several years ago like you do you really want you really bad idea is to buy the
0:50:39hip new things just as its kind of breaking like as I almost feel like
0:50:44Tumblr not the time to time has passed but tumblr has already gotten to the
0:50:48point where you need to spend a billion to get it right because if you look at
0:50:51the graphical user wrote you would really love to about it before the
0:50:54little needy and in the graph right then you feel like you got in on something on
0:51:01the ground floor and it just takes off while you have it where the worst-case
0:51:03scenario tumblr is it's massively popular now it was a big thing everyone
0:51:08has a temper is really popular and then just like tapers off like you bought at
0:51:11the top of the market
0:51:12draw something that I mean that was that was an example of being by a terrible
0:51:18acquire that everybody hates that screws everything up that's why we can laugh at
0:51:21it because like who cares if Zynga loses money like this horrible people that
0:51:28companies like nobody cares if I mean it like in this deal like you had to think
0:51:33in this deal of marcos you know it's taken tumblr side would you rather be
0:51:38Yahoo that now on tumblr would you rather be the investors are employees of
0:51:41tumblr you too much rather be just as hard for me to look at this in any way
0:51:45tumblr people got the better half of the steel but see I don't know I really do
0:51:50think that I think Yahoo needed this to my I think both companies are doing
0:51:55quite well as a result of this but like Yahoo now has to deliver whereas tumblr
0:51:59like made an amazing product they got really big they got sold on trade terms
0:52:04of birds seem to be very favorable to them and like a very success or even
0:52:08matter what happens from now on and Yahoo it remains to be seen like their
0:52:12future is still to be written the pressure is now on them to us they said
0:52:15not screwed up that's certainly true but you know just looking at like who got
0:52:21their money's worth here looks like a pretty pretty good mutual benefit anyway
0:52:26speaking of business terms actually pretty cool this is a sponsor is Windows
0:52:35Azure mobile services now because you're all probably nerds like us you've
0:52:40probably heard this advertising other nerdy podcasts and other blogs but this
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0:52:48Microsoft make it faster and easier to build a cloud powered iOS app so it's
0:52:56basically a cloud platform you write the code in Java Script actually it's
0:53:01believed to have a node NodeJS interface as well as I believe a couple of
0:53:06languages sorry about not knowing that that wasn't part of the script but I
0:53:12heard it was pretty cool they take care of the glue code necessary for storing
0:53:17data in the cloud and authenticating users via Facebook or Twitter and even
0:53:21sending Apple's push notifications and if you've written push notification code
0:53:26and haven't having to having to deal with all those various tickets and
0:53:30everything you'll know that this is this is great to have someone else do this
0:53:33for you so anyway mobile services you can I pushed your app it's a single
0:53:38command post are a pianist dots and you can see the API pretty awesome you know
0:53:45you shouldn't need to build your own massive server infrastructure if you
0:53:49don't want to you know it's nice to have options we've talked about this in the
0:53:52show in the past and one of the people's blood by this before it was talked about
0:53:55is Brent Simmons and Brent Simmons actually is
0:53:58kind of a spokesperson for Windows Azure mobile services he he did a few videos
0:54:04for them you can see if you go to the site go to Windows Azure dot com slash
0:54:09iOS and you can go see Brandt talking in videos showing how to do this and what
0:54:15this can do it's pretty awesome you know it's it's we think of Microsoft is being
0:54:20this company that we as Mac people can kind of ignore but they're good they're
0:54:25getting to the server business in the service of business pretty well and this
0:54:28is worth looking at I i I tell myself it looks pretty interesting so anyway if
0:54:35you looking to build an iOS app or the connection at you already have to the
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0:54:39take a look at as your mobile services you can start today for free so good a
0:54:43Windows Azure dot com slash iOS and thanks again for sponsoring the show
0:54:48used to be like when these things like ec2 and other services first came out
0:54:55and I was like oh well this is great you know I won't have to setup man serving I
0:54:58can try this thing with people who are ya but if you ever wanna be like a real
0:55:01player on the internet you have to do all this yourself now the real players
0:55:05use easy to write and now like I was just reading you know some Twitter
0:55:09something saying the netflixs something like twenty thousand ec2 instances like
0:55:13there's no there's no one like you know you got to play with the big boys
0:55:17Netflix is a big boy like a third of all internet traffic and something that was
0:55:22never an easy to like that you know back in the nineties you Marc Andreessen or
0:55:27whatever
0:55:27saying like in the future we're all going to buy computing services are like
0:55:31you know i i at a retail and biamby compute and storage in the cloud in like
0:55:37Yeah Yeah Yeah right and then like without us noticing that it's basically
0:55:40happens on things like Windows Azure and everything like I think a lot of people
0:55:45who are least people my age look at it like that's fine and everything but like
0:55:49I really want my my iOS a position to be like a serious apps are going to do this
0:55:55myself because you know those things are just people who are just starting out no
0:55:58like the biggest companies in the world are using these type of retail
0:56:03infrastructure services
0:56:05if they're good enough for Netflix believe me they're gonna figure you're
0:56:09feeling a lot of this year we talked a lot about this stuff and development
0:56:14whenever technology is gonna move up the stack and get further away from the bare
0:56:19metal and in some kind of way you see it with language is going from from
0:56:23assembly to see to higher level stuff and memory manage stuff and as always
0:56:28these arguments about this new thing is only for you know X small segment or or
0:56:34only for you know new people to programming or whatever and then you see
0:56:39those things always slowly become a hipster because like you know it
0:56:43actually looking at you start realizing well these days it really isn't worth it
0:56:47for almost anybody to write assembly language and and you know something
0:56:51server side stuff you see like it's already almost not worth it frame by
0:56:55Article ok server to actually unit actually buy a physical server and put
0:56:59it somewhere like that that's worth doing for almost nobody and even
0:57:04dedicated servers now I mean I've been a huge dedicated server fan for years and
0:57:08years and years just like you know just leasing a dedicated server somewhere
0:57:11that's that's meant the harbor is maintained by somebody else even that
0:57:14though is really hard to justify today cos VPS are so good and cheap and now
0:57:20you have the other platforms you have as your you have things like Heroku for
0:57:23reals and and and your PC to a look at a lower level and things that are built on
0:57:29ec2 like I think her but you know you have all these days new iCloud at
0:57:34platforms where you don't even have to manage server instances anymore you
0:57:38don't have too many virtual servers anymore there's even these things are
0:57:41getting abstracted away and and it's it's gone way beyond like tinkering
0:57:46hobbyist territory to the point where as johnnie said there's a lot of serious
0:57:49stuff that's built on this and and it's you know it's it's no longer just for
0:57:54newbies to programming but it happens to be really nice if you are correct it
0:58:00seems to me like with every movement up the stack all the old-timers say you
0:58:06whippersnapper zand not having to worry about memory management oh you're a
0:58:10bunch of wimps and then eventually everyone realizes you know what
0:58:14working memory kinda sucks
0:58:16and I don't do that and so this is just another example of that and as her in
0:58:23particular group were posted
0:58:25linked list post earlier tonight about how if you think heavily paraphrasing
0:58:32but if you think that Microsoft needs to go forward and it needs to do so in
0:58:37arguably two categories one is services and one is devices will you could easily
0:58:43argue that Azure is the services component and as a hopefully decent
0:58:49segue into our next topic
0:58:51the Xbox is very likely going to be the device that brings Microsoft into the
0:58:56post-pc era so which are you talking about the Xbox one Xbox 360 or the Xbox
0:59:03one exactly I'm talking about the good one thats 359 less than the previous one
0:59:11but it's still good in fact that supposed to be better I like despite
0:59:15what john thinks I think it was a great system
0:59:18the first Xbox the Ferrari love for her to call the Xbox you could have a more
0:59:26enjoyable for you to that do you wanna talk about the Wii U's abysmal
0:59:31performance at all but that hasn't sold any of them like they're having major
0:59:37problems over there but nobody else I think I think maybe like a typical
0:59:42actors item boy I did notice a in John's living room that not only to have the
0:59:50two wheels of course still set up because I believe you mentioned
0:59:53hypercritical second last episode while you're keeping the old way for some kind
0:59:56of control issue but then on top of your TV you had both censor bars perfectly
1:00:00stacked on top of each other centered exactly yeah but it would be nice if you
1:00:06could share them but as tagged me throw off the balance like the better I was
1:00:10just one and deal with it
1:00:12first world problems II you intended to build the wrong thing so it's a bummer
1:00:20for them
1:00:20but the one thing to things and tender has going for it
1:00:251 it is owned by people who are not history and foolish and like it or not
1:00:35the windows like greedy shareholders who is one bad quarter it's time to sell the
1:00:38whole company and start making you know fried dough instead or something right
1:00:42and to have a lot of money in the bank I don't know if an internal privately held
1:00:46some of the chatroom can tell me but that's not like you know it you s
1:00:49companies we're like an apple for instance oh my god you're province did
1:00:53you grow at the rate you said they're going to and now you're doomed and you
1:00:56need to change something everyone panics and everything and they get slammed
1:00:59right that's not the way it works I mean if that was the Nintendo would have sold
1:01:04to a larger company years ago if they thought it that way but they don't
1:01:08they're sort of you know very proud in it for the long haul not likely
1:01:11acquisition targets and have money in the bank from all the good years so
1:01:16hopefully they weather the storm
1:01:19do terribly this generation of consoles and come out the other side with some
1:01:24better ideas so what do you think about the Xbox won the second Xbox won the
1:01:30deklerk's 123 but you can say it's the third Xbox Xbox 360 Xbox lenny is easy
1:01:39very easy really you can plan a plan called Xbox to than just out someone
1:01:45showed like you know it was being searched google image search of whatever
1:01:49her Xbox so any and all you see pictures of marcos beloved bloated black and
1:01:54green at sustain a loss of what I do that's what comes up because like I said
1:01:59you're trying to text box one well that's the thing right now actually so
1:02:03don't get him started don't do it man don't do it for framing for framing of
1:02:07the stuff like you know the future of Microsoft thing devices and services
1:02:13the only reason that framing comes up I think it's done so badly with its
1:02:20desktop windows
1:02:22and you know and the mobile space like forever because that's why logo well
1:02:27okay so Microsoft has shown that they kind of people losing interest the
1:02:30desktop in general and so Microsoft strength there is no longer interesting
1:02:35and and mobile Microsoft has failed for years and continues not to get traction
1:02:39despite the fact that they had a reasonably good product right so it's
1:02:42like looking elsewhere ok well nevermind about that stuff
1:02:46Microsoft 101 else if you got that might be good for those those are good and as
1:02:51your that's really good you know it's like the younger products that are
1:02:54actually doing well
1:02:56pushed to the forefront mostly by their complete failure to make a crack in the
1:03:01mobile market and the diminishment of the stock market so that's I guess a
1:03:07positive spin on it was the future the company but I see it as a negative it's
1:03:11like a man shouldn't shouldn't they be read in their slugging it out with
1:03:16Android and iOS instead of like a distant third over if they are that's
1:03:20kind of sad and depressing but do we know to go back to the moment do we know
1:03:25that as your isn't making money like Xbox I think it's probably safe to say
1:03:30that make good money off that but is as you're making money or his xbox Windows
1:03:35and Office basically carrying all of Microsoft Azure looks like an investment
1:03:40kinda like easy to wear in the beginning like you're investing in the future like
1:03:43this business of retailing services is going to be a good one and by all
1:03:48accounts a user is a good product and people like it and it is providing
1:03:52something that that mark is not that crowded how many people have the ability
1:03:57to provide what has your provides you can't just start to start up in your
1:04:00garage provide what they what they did was it especially their case likely
1:04:03require such tight integration of like they control the OS and like the the
1:04:07metal platform that we have it all together and I need data centers need
1:04:10all that stuff
1:04:12Amazon bootstrap thing by having a very successful very very high revenues not
1:04:17profit online store and let them build easy to use it as your I'm sure has been
1:04:23funded by all the profits from office
1:04:26places Microsoft make some money but it's a good investment in the future so
1:04:29I don't think microsoft's logo man when is that going to make money I think they
1:04:33are just like just make the product better get people to use it because this
1:04:36is clearly a thing that people want and very few other people are providing it
1:04:40so we can make a good product in the space and only two or three other people
1:04:43in space we feel good about it so I think they're okay with that
1:04:49so is the Xbox 1221 xbox Xbox is that any good does that excite you at all or
1:04:57not so much it's kind of boring that all of the predictions about what the
1:05:02current generation of console would be came out to be true but you know that's
1:05:06the day that's the world where everything is and we write stuff so it's
1:05:12exactly the box that run thought it would be got this text everyone thought
1:05:15it would have this speculation of all why does it have the specs like way back
1:05:22when asked why does it have a gig of ram when the ps4 supposedly has foreign some
1:05:27people thought the ps4 was going down for before the actual announcement that
1:05:31it also has a well the reason that the new Xbox is going to have eight is
1:05:35because it's not just gonna be a game console their own also wanted to grant
1:05:38all sorts of home entertainment TV time functionality in it and that totally
1:05:43made sense because Xbox it's not the most popular Netflix ps3 is actually
1:05:49more popular than a bit like Microsoft likes to sell you stuff through the Xbox
1:05:53it also you can buy movies music and also some other things I believe you can
1:05:58watch or not flex like it is it's it's a gateway to do things that are not gaming
1:06:03so it made perfect sense that Microsoft's next console would go
1:06:07further in that direction is why wouldn't they like they have a popular
1:06:10service to people like that they can sell you things through and you know it
1:06:15and i also have to play games they would clearly go forward that's our place as
1:06:19it turned out both the ps4 and Xbox one and the same amount of RAM but as
1:06:25predicted the Xbox one does all kinds of TV stuff you know
1:06:29integrated TV experience with Skype are relying on the side of your television
1:06:33and
1:06:34being able to have an electronic program guide and also those things and that's
1:06:38what they're like this whatever this was press conference and that's what they're
1:06:41promoting they said we'll tell you more about the games at e3 which is the
1:06:44gaming focus conference today we're gonna tell you about all these great TV
1:06:48features and they did and I mean if you look at the thing that looks like an
1:06:52HDTV like it's a big rectangular square looking thing it does not look like a
1:06:58dedicated gaming system because it really is and it's a game console it
1:07:02also does a whole bunch of other things as well I'm kind of happy that the US
1:07:07now phase of console gaming is over I'm hoping is over where everyone had to
1:07:12make their console shaped like some weird thing because boxes you can stack
1:07:16on top of each other but everything is shaped like a snail you can find
1:07:19someplace to wage of things in like it sideways or vertically you can't put 23
1:07:23sixties 360 and Playstation 3 and Wii is kind of Starbucks blonde top choice and
1:07:31hopefully the ps4 is also rectangular shape than me on a fighting chance of
1:07:35sticking things in our home entertainment centers but for the most
1:07:39part it's because it's what everyone predicted now it's kind of like a
1:07:43wait-and-see type thing ok well can you sell millions and millions of these
1:07:46things because you can and it works as advertised
1:07:50now you have a special game console and a way to sell stuff to people throughout
1:07:55the game and that sort of the ball in his court was ok well go you tried to do
1:08:00Google TV and it's up to know about it so tough luck on that Apple you keep
1:08:04this is rumors about television stuff and you have Apple TV but so far you
1:08:09know there's no absolute at
1:08:11and the things you sell through it are you suffering from the iTunes Store but
1:08:14natural experts not quite the same thing as it could be you know where you take
1:08:19an entire television provider program guide and you know being a gateway for
1:08:23the Xbox juan has HDMI input like that is the if you had to express its
1:08:29philosophy in terms of one hardware future that's what it would be doesn't
1:08:33just send a signal to your television where you can see the out but it takes
1:08:35input wants to be the center of your television watching experience did you
1:08:42see the supercut that somebody did of the press conference where it was like a
1:08:47minute and a half long and it was just every time I said the word TV or
1:08:50television that it was every time they said sports I believe and then was every
1:08:55time they said call of duty and it lasted like a minute and a half and it
1:08:57was hysterical I trust trying to watch the actual thing before so the supercut
1:09:03yeah like if you're a gamer your watch it or tell me about the games right but
1:09:11you know Microsoft clearly thinks that it's not the gaming part of it is it is
1:09:18only perhaps equally important to the nine-game parts of it and from boxes
1:09:26connected TV the Xbox one comes maybe 50% of the way to what I've always
1:09:34wanted in the box and no no one will ever make any sense economically for
1:09:39them but it would be great for me as my on everest box where I wanted to take
1:09:43all the millions of places that entertainment can come to me send them
1:09:48all into this one box and provide me with a single unified interface to all
1:09:52those things so I don't have to change fifty different in putting his seven
1:09:56different modes and deal with all these different services I just want something
1:09:59to paper over that mess for me actually goes home theater receivers almost do
1:10:04that they don't paper over they just provide your way to automatically switch
1:10:08inputs into a guy I wanted to surprise you know a single unified really nice
1:10:12interface to hide the fact that these are totally destroy service is owned by
1:10:16competing companies that hate each other
1:10:18have varying degrees of competence and in creating their hardware and their
1:10:21software just hide all that for me because like you know you want something
1:10:25better probably going to be great if you didn't have a different sources for this
1:10:28crap in the Dena stock like okay well we can't solve that everything all still
1:10:32sucks and is it busy wires behind me but they all go into this one awesome box
1:10:36and makes it look beautiful in Google TV try to do that but socked and Xbox one
1:10:41does happen it like it tries to say okay well you and watch TV 3d TV in fact your
1:10:48cable box and put it into the Xbox one and just talk to your Xbox one or use
1:10:53the remote in your phone to Riverview know just what you want to watch it will
1:10:56switch to it that's good you're trying to unify the world of crap by Hal I have
1:11:00a cable thing that I have to pay for I pay for FiOS TV and go in the back of
1:11:04Xbox one and it lets me control watching TV but no DVR functionality in the Xbox
1:11:09one so if you want something that's not on right now what if I believe you are
1:11:14watching TV DVR back into playing now you don't really have control the DVR
1:11:20through Xbox Mon and tonight we have two inputs for life television and the new
1:11:24record stuff
1:11:25flex their consuming an application but what are you using different strings
1:11:29Amazon streaming service what about Hulu Plus like they're not it's not Xbox one
1:11:36is not I'm never sits a picky eater it will take a couple of select input to
1:11:40unify them a particular way but I can't imagine anyone who's in the market for
1:11:44an expired one specially gonna buy them lunch who is not still going to be
1:11:47switching inputs to get things done they want to get done so it's a step in the
1:11:51right direction but the lack of time shifting in particular makes it a
1:11:56non-starter for me like it's not going to unify my life
1:11:59the thing that struck me about what you just said is that when you're describing
1:12:04this on numerous box that consumes all these different services for a flash I
1:12:09felt like you were describing the Apple TV and I know I'm oversimplifying and I
1:12:13know Apple TV doesn't consume traditional terrestrial TV and it
1:12:18doesn't can see in a dozen play games or arbitrary absent you may want to do but
1:12:22to a large degree I almost feel like the Apple TV is trying to do exactly that if
1:12:27you look at the fact that it has Netflix and Hulu Plus it has MLB TV if I'm not
1:12:31mistaken
1:12:32as NHL TV it has all these different things and it's one interface that you
1:12:38know that that will expose off them in and a quarter of the stuff because I
1:12:43call ya my television that i watch comes through my stupid bundled Cape Coral
1:12:49Gables even those files a subscription I pay for like all these premium channels
1:12:54a paper HBO pay for Showtime and all that stuff and you know they have him
1:12:59put a video input it is merely an internet plan that's what i'm talking
1:13:02bout like well the real solution is not to have all the programming spread all
1:13:06over the place and have these stupid cable TV cartel bundling deals that just
1:13:11force you to have all these channels like yes that is the real solution the
1:13:14resolution is to get rid of all these huge entrenched interest with you know
1:13:18infrastructure contracts but like it's not happening it's hard to get rid of
1:13:22them so in the interim while we're waiting for the world to realign it
1:13:26would be nice if someone to make something that could would just tackled
1:13:32the incredibly hard problem taking all these things and unifying them and
1:13:36providing a better experience you know I maybe maybe that's never gonna happen
1:13:40maybe maybe the Apple TV is the only possible play it's like it's not on the
1:13:44internet you deal with yourself tonight will try to bring it through an Xbox one
1:13:48is like okay well we'll we'll have our under that services are going to tell
1:13:51you and will resell you know Netflix and every 30 but I don't think they have a
1:13:54deal Hulu I don't think they have a deal with Amazon and they'll take in your
1:13:59cable boxes output but I don't think they have any control of your DVR and
1:14:03I'm not sure how the integrated you have a DVR with your cable system and it's
1:14:06it's just one more complication
1:14:09you know it's not it's not a simplification of anyone's life I don't
1:14:13think especially with all these gestures and voice controls so you're saying is
1:14:20you want a company to take something that's extraordinarily complex make it
1:14:28really really simple and make it pretty do we know any companies that may be
1:14:32interested in
1:14:33back in 2005 r6 unlike boy you know Apple in a TiVo is really falling down
1:14:40I would love it if you would make something like this but then Steve Jobs
1:14:43going to the All Things D conference and I think it was 2008 or something and
1:14:46someone in the audience asked a similar question and he said flat out we're not
1:14:50gonna make that thing because the business model makes no sense and I
1:14:54agree with him his reasoning was virtually sound like this the reason
1:14:57this thing doesn't exist one super hard and too because like you can't usne ray
1:15:05can't be done with all these cable companies are not going to give you
1:15:08their programming and and the cable companies by the programming and his big
1:15:12bundles that you can't afford to match the price of if you're going to sell
1:15:15this thing to people I guess it's just can't be done in terms of the the money
1:15:20so it's like well why would we ever make that we would lose money on it and it
1:15:23would be really hard to to make work right and we would be basically trying
1:15:27to usurp the value from companies hate us and have the ability to screw us by
1:15:31changing how they do things you know that's why the box doesn't exist right
1:15:35that's why TV is a big mess that's why we're all hoping for something better
1:15:39and so this Xbox thing is I move in that direction but I don't buy the
1:15:46simplification they were trying to sell them like that's the real reason bizzle
1:15:50won an Xbox 1 I'm assuming this because in some meeting when the talking about
1:15:54the name in like well what a crazy guys but
1:15:58box one ever said what do you mean the first Xbox people called it now just
1:16:01listen one box that would unify your entire television experience right
1:16:06video conferencing browse the internet and Netflix play games watch live TV one
1:16:11box does everything that's where I assume the one is coming
1:16:14finish watching the press conference thing that I something to lean on that
1:16:19and it falls short of fulfilling a dream it is not one box stores and you will
1:16:23still be changing input just because the world of content you watching television
1:16:29too so byzantine that it's almost impossible for one box to do everything
1:16:33for you
1:16:34yeah I guess the point I'm driving out is even though it doesn't make business
1:16:39sense to potentially get an antagonistic relationship with content owners it
1:16:44doesn't make business sense to try to conquer all these disparate systems
1:16:47on the other hand it's a company like Apple that is used to selling what most
1:16:52would consider expensive products and if you if Apple said to you John for a
1:16:58thousand bucks or 1500 bucks we will make all those devices the TiVo in in
1:17:04the Netflix and all that they will all be consumed by this one box and by the
1:17:08way you can run apps on it so no you may not be able to play Halo on it but
1:17:12you'll be able to play you know real racing on it would would you pony up
1:17:16$1,000 $1,500 for that and i know im over simple question I mean I don't
1:17:21think Apple could actually do like everything about what happens really
1:17:25good at Apple's really good at editing what's possible deleting options
1:17:31saying no to things to make something that's overall grade but limited in some
1:17:38way and those limits make it great or unable to be great in other ways with
1:17:44the TV business the TV industry whatever you know whatever this is if you say no
1:17:49to anything you're out you know your irrelevant and and so imagine you know
1:17:54if you have a cable company to launch without supporting a spin like they're
1:17:59just like there's nothing that there's no way to succeed right and so like
1:18:03people aren't used to not having everything with TV most people have
1:18:10cable TV and they have a billion channels and if they want anything else
1:18:15to it they just plug it in and that's fine if Apple were to come together and
1:18:19say here's a box that does eighty percent of that no one's gonna behind it
1:18:25or people already will buy it but only people who were you know who want just
1:18:30happened that's that's what they already sell its Apple TV that's the play of
1:18:34your Apple as you want to shift you want to shift people away you want to shift
1:18:37their value away from these cable packages like cable cable companies have
1:18:41nots not so much monopolies black duopoly is maybe one or two choices for
1:18:45companies and have all this money and infrastructure and they're hard to
1:18:48displace but if you can
1:18:50their worst nightmare is to become dumb pipes for Internet connections and
1:18:53that's what Apple wants to companies like 12 shift the value away from those
1:18:57premiums
1:18:58and towards content that's available over the internet because the internet
1:19:02you know it's free for everybody or whatever it's not tied up with these
1:19:06dunno so if we can just get like a house of cards Netflix person if we could have
1:19:11Netflix in our box then we've got house of cards not popular content right and
1:19:15HBO that's you know they can get HBO Go and finally we can airplane to our
1:19:19television but still you need a cable subscription to get in like they're
1:19:23trying to pull the value out of the hands of the cable companies into the
1:19:27realm that they control rather than trying to say okay well we accept the
1:19:31fact that right now cable companies have this valuable content and you have to
1:19:34deal with watching one thing one place one thing either so let's try to make a
1:19:37box in front of a market that's not the Apple philosophy philosophy is not just
1:19:41a big mess and we will try to hide that from you it's we're gonna new world that
1:19:46isn't a mess and we're just gonna go there and it will be up there headed you
1:19:51and not a lot of people follow us but hopefully we'll be able to slowly drawn
1:19:55the value out of that ecosystem and then one day care becomes a wake up and
1:19:59realize hey wait a second if if we don't have a house of cards over the popular
1:20:04Netflix thing is we're screwed and people don't want to buy cable package
1:20:08because I say hey what about the popular show that I go but that's only available
1:20:12for some internet TV thing I like it's a battle between same thing with a cap on
1:20:16the phone carriers like every month every month the carriers who suck at
1:20:20everything to be dumb pipes acceptable carriers themselves right so cell
1:20:25carriers cable companies none of them want to be like utilities were you just
1:20:30so we just bring you the Internet over a pipe and every other company entire
1:20:33world this please just be a company that brings a fascination over dumb pipe and
1:20:36let everyone else competes content with absent channels and stuff like that so
1:20:41in this tragedy transition stage we just all suffer and I don't know who's going
1:20:46to win that battle but I really hope it's not the carriers and cable
1:20:48companies gunbattle a spokesman for a second one conversation I'd love to have
1:20:54is is just the timing of this and and kinda generational aspects of this will
1:20:59give you look the the Xbox 360 came out in 2005 and if you think about what kind
1:21:07of world this was in 2005 you know think about
1:21:11as I don't put it like that was before tumblr started so it seems like you know
1:21:17it's been around for a while but the Xbox 360 has been around longer and that
1:21:23would be for the iPhone came out that was before the entire smartphone
1:21:27revolution like smartphones existed but only rich businesspeople had them
1:21:31because they're really expensive and they sucked so that was so long ago that
1:21:36the system was envisioned this is before Netflix streaming existed before almost
1:21:43any streaming service for video existed I think certainly before May people used
1:21:47them and it was before all these massive changes in how we entertain ourselves
1:21:55how we get our video content how and where we watch videos and play games and
1:22:00that's what we've been using all this time and when you know what will be
1:22:03using
1:22:04that's that's that's the game console type that's what that whole game comes
1:22:07have been designed for a long time and Microsoft has been pretty good about
1:22:13jumping on stuff with the Xbox they did they need to jump on quickly and well
1:22:19like Xbox Live was the first good online place service for video game consoles
1:22:24and might still be the only good one I don't know I don't know if the place is
1:22:29one of the better but certainly Xbox Live is really good and people loved it
1:22:33and people use it all the time and so and then you know once once you get
1:22:38netflix on devices streaming the Xbox was on that and they they had that very
1:22:44early on and it is very very common anything about you know how people are
1:22:49are entertained themselves now how many people are are getting these things
1:22:53using the 360 as a Netflix streaming device is an extremely inefficient use
1:23:00of the hardware and you know said they were hearing the big fans and strong god
1:23:05knows how many water slowly burning itself out secrets the red ring of death
1:23:09michael has to replace that are you sue them all these this this whole mess of
1:23:13of using something of that power level to do something relatively simple like
1:23:18what Netflix's the people sitting there for hours a night doing that and so
1:23:23obviously like
1:23:24the previous type of console was designed in a way that doesn't really
1:23:28match with how people do things in this day and age and this has been a very
1:23:33long console generation so it seems like you know nintendo's with the Wii U
1:23:40attempted to modernize it a little bit and just didn't really go far enough or
1:23:45just didn't do it well enough for a compelling enough package I think sony
1:23:50has done pretty well with the ps3 and it looks like the ps4 is really interesting
1:23:56but we don't have a good execute yet I would say Microsoft looks like they're
1:24:00in the best position to take the next eight years and actually have this
1:24:06console be strong be relevant be well-liked be well thought I would say
1:24:11looking at these three day we don't even know that much but the ps4 yet but just
1:24:15looking at like like for instance there is there is great hardware analysis
1:24:20today on on Anandtech international as well about the Xbox one announcement and
1:24:28then what it means in there compared to ps4 announced hardware and it looks like
1:24:32in general the Xbox one will have a less GPU power but will then also almost
1:24:40definitely runway cooler and quieter as a result the thing about that the power
1:24:46you suggest that the Xbox one is meant to be turned on all the time exactly
1:24:53right and so they wanted to have lower sort of idle power whereas the ps4 is
1:24:58still for the most part of pure gaming console and ps4 has a super low power
1:25:03mode where it looks like it's basically off kind of like power nap on a Mac but
1:25:06it still does not like download updates in the background stock so the ps4 usage
1:25:10pattern as you go to use a u-turn on you do stuff you're trying to quote unquote
1:25:14off and it's not really off but it's like basically completely dead silent no
1:25:18fans anything like that and that's it sort of mode to be like you know the
1:25:22overall power usage I think for UPS Store will be lower because you have it
1:25:25in that take off most of the time whereas the Xbox one is procedures be on
1:25:30all the time like
1:25:32non-union time the television is on that thing is on because you're watching your
1:25:35television through it so it can't be like the ps4 where it's in some super
1:25:40duper low-power modes always gotta be on and some state in both of these things
1:25:43as the Anandtech article said you are made with modern system on a chip set up
1:25:47our getting the GPU is about to turn off execution units in cars that are not
1:25:51running so they should all have much better kind of not idle power but no
1:25:55power when they're not being asked to play the Xbox one had that had has kind
1:25:59of like mid-level thing where it has this stripped-down OS 44 lower power
1:26:04stuff like watching streaming video and and I think that's that's kind of an
1:26:09acknowledgement that the way people use these things really often these days is
1:26:14not for playing games for hours and turning it off and that's it it's like
1:26:18maybe playing game for little bit but then every night watching an hour of
1:26:22Netflix like that and use case now that I feel like it's really really smart for
1:26:28Microsoft to be optimizing for that and Sony is like Sony's backer mode seems
1:26:32like it's more for downloading game content it was like that's the thing is
1:26:36basically off at that point the chips at work where is the Xbox on the whole
1:26:41system on a chip is powered up in the things on its running it's running the
1:26:4420 S plus the hypervisor and everything all the time and at the game OSU not
1:26:48playing game to game us not doing anything interesting there but it's all
1:26:51you know everything is powered up and running
1:26:54you're just relying on the fact that you can shut down like six of the eight
1:26:57chorus of that currently being used and if you're not doing anything with the
1:27:00GPU most of that is an idle state as well so you're getting here
1:27:03your power down but it's not the same as the ps4
1:27:06hillary Adams billion armchair presenting some of the little wimpy chip
1:27:10on the motherboard that runs and does the little background something i think
1:27:13is basically off I don't know how I feel like you know time will tell but I feel
1:27:20like history will look back on the Xbox one's desires being smarter than the ps4
1:27:25is designed for people actually use these things as like someone said on
1:27:29Twitter today or maybe not a chronicle it basically depends on whether you
1:27:32think the the console for high-performance the market
1:27:37high-performance game consoles has peaked or not because it would be
1:27:39granted smart move not to make one
1:27:41that is like super duper powerful but instead start going off in a new
1:27:45direction which is to steve hasn't peed the ps4 is a better game consoles for
1:27:49you hear about our games right and that's the bed Microsoft is making that
1:27:53games are not enough anymore that having a super duper awesome game console is
1:27:58not a sufficiently compelling product and you need to have something else and
1:28:02by having something else people will more than forgive the slight slower game
1:28:07performance because of all this other stuff I think that definitely remains to
1:28:11be seen because I think both of these devices because the xpac one is not as
1:28:15simplifying and a unifying as Microsoft thinks it is I think it will still
1:28:20appeal mostly to not just hardcore gamers be kind of like did you type
1:28:24people like I when I would give my parents and Apple TV but I would not
1:28:27give them an Xbox console I think both of these things are going to end up
1:28:31targeting game console type of nerds and early adopters and in that race between
1:28:39them I think it seems like a fog machine exactly like this console generation did
1:28:45the Microsoft gonna win and they're going to sell more but that Sony will do
1:28:49pretty well and I don't think the television's great stuff will save
1:28:52Microsoft and give them sort of a runaway success and just bury the
1:28:56peaceful we all just agree that US crude
1:28:59yeah I think you're right about that I don't see Sony had an is roughly time as
1:29:05Nintendo at all i mean obviously they have a big following and is intended but
1:29:10I think I think Sony is making almost the right kind of system and I think
1:29:14you'll be good enough to be so I think they're tender unfortunately is still
1:29:18making the GameCube like how many people are nervous about getting the first Xbox
1:29:24one like all the port red ring people like how many people is totally unfair
1:29:28because of all the companies in the world
1:29:30the one that is probably the most careful that he then it's game consoles
1:29:33probably Microsoft for this generation they've lost so much money on the 360
1:29:37warranty repairs and stuff so you think that night but the past generations like
1:29:41will you know Sony made this insane machine with this crazy CPU and they
1:29:47should have been the one over hitting all-time but like their hardware has
1:29:50been really reliable
1:29:51can say well I guess only really just kind of consumer electronics oh right or
1:29:56wrong
1:29:56coming in this generation I feel like I have so much more faith in the
1:30:00reliability of whatever the heck the ps4 I was in look like maybe we'll all be
1:30:03proven wrong and maybe that the ps4 will be think overheating screen out that
1:30:07like going into it you know I think Microsoft has to prove especially
1:30:12considering how humongous an ugly in Newton this thing looks just looks like
1:30:17a shoulder he'd dropped almost certainly will not right but it's like you know
1:30:21its Xbox is huge lol alright with that let's wrap and thanks to our sponsors
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1:30:39thanks guys
1:30:41now the show they didn't even mean to begin
1:30:48accidental accidental
1:30:55Casey
1:30:59because it was accidental and you can show no
1:31:07be there and a team article
1:31:42titles I do like david smith's leading title champagne the poor and rap stars
1:31:51like it's a little long though I don't understand why you like the rap star's
1:31:56don't part of its most since language report on the rap stars like a thousand
1:32:17dollars a bottle like nothing is wrong I love you can't wait for I cannot wait
1:32:27for you