The Accidental Tech Podcast

00:00:00 ◼   ► my mind defaulters not to accept an invitation to anything social so that [TS]

00:00:05 ◼   ► serves me well to receive pay so you had an interesting week a bit anything [TS]

00:00:12 ◼   ► happen [TS]

00:00:13 ◼   ► where's your car that's the interesting part I don't have my beginning tomorrow [TS]

00:00:18 ◼   ► or the next day or maybe maybe this weekend you know it's it's the same the [TS]

00:00:22 ◼   ► same BS so it's interested so yeah anything else happen [TS]

00:00:27 ◼   ► yeah I guess tumblr sold so you here so I hear ya any thoughts on that [TS]

00:00:35 ◼   ► me know I don't want to rehash my blog post too much but I mean what do you [TS]

00:00:43 ◼   ► wanna know I don't know where should I even begin there there's a lot there's a [TS]

00:00:47 ◼   ► lot to cover there there's there is practical aspects of who they're selling [TS]

00:00:53 ◼   ► to what what there may be doing what they might have sold why this is good or [TS]

00:00:57 ◼   ► bad what this means for tumblr what this means for me what this means for you [TS]

00:01:01 ◼   ► what this means for the animated GIF format there's there's so many things [TS]

00:01:05 ◼   ► that they began about how you start extremely selfishly myopic Lee and you [TS]

00:01:12 ◼   ► can blame me for this when you get a lot of flak for it and then will migrate our [TS]

00:01:15 ◼   ► way out to whether this is a good fit but for the two companies that's unfair [TS]

00:01:20 ◼   ► that works so you've bought how many opps how many cattle how many [TS]

00:01:25 ◼   ► helicopters and I do believe I speak for John and asking when is his Ferrari [TS]

00:01:29 ◼   ► arriving in one is my Aston arriving [TS]

00:01:32 ◼   ► well first of all I should also mention the other awesome thing that happened [TS]

00:01:35 ◼   ► this past week and that is that my wife and I visited the Syracuse's at their [TS]

00:01:39 ◼   ► house under that tree in part to the jury though I want him off [TS]

00:01:45 ◼   ► know we visited the house I stood under the tree and I managed to the head I [TS]

00:01:50 ◼   ► managed to stay conscious and and and dodge although the phone acorns however [TS]

00:01:54 ◼   ► I did witness the destruction that they have caused on these cars and and I do [TS]

00:01:58 ◼   ► agree with John that if he's going to park a car in his driveway it would it [TS]

00:02:04 ◼   ► would be a shame if it was a really awesome car getting all those dance [TS]

00:02:07 ◼   ► however I will also say that [TS]

00:02:11 ◼   ► one block away from John I passed a brand new black f10 m5 parked on the [TS]

00:02:18 ◼   ► street that's where your car is [TS]

00:02:20 ◼   ► yeah right exactly and and there are there were lots of nice cars in John's [TS]

00:02:28 ◼   ► vicinity that were parked on the street and so I think maybe street parking [TS]

00:02:32 ◼   ► might be good enough [TS]

00:02:34 ◼   ► well you can like that for half the year you can park in the winter cuz they plow [TS]

00:02:38 ◼   ► they don't allow it or you shouldn't notice to you can't tonight allowed [TS]

00:02:41 ◼   ► overnight anyway [TS]

00:02:42 ◼   ► ok yeah how many are there in the winter [TS]

00:02:47 ◼   ► yeah you know something in my garage but it's a small garage I could wedge car [TS]

00:02:53 ◼   ► and therefore need to think the same about the scars how to both covered with [TS]

00:02:56 ◼   ► dance for the most part all those dance for created like early on before I got [TS]

00:03:03 ◼   ► wise to you know what was going on certainly the ones of the Civic were all [TS]

00:03:06 ◼   ► made before I realized what was happening because they just notice it [TS]

00:03:09 ◼   ► then they accord it's like well tried to minimize it didn't care that much of a [TS]

00:03:14 ◼   ► fancy car I would park on the street all time are talking into the garage in both [TS]

00:03:18 ◼   ► places it would be totally safe for the garage will be tough because you can't [TS]

00:03:21 ◼   ► put the car into the garage with kids and they can't get out 'cause i cant [TS]

00:03:24 ◼   ► open the doors because the ground is too small so like I said I would need an [TS]

00:03:28 ◼   ► entire new house to go with the new car maybe like one of those things like the [TS]

00:03:33 ◼   ► apartments in hong kong something ready cargo not an elevator and then you can [TS]

00:03:37 ◼   ► look at it all day behind a glass wall yeah so the visit was good though I am [TS]

00:03:45 ◼   ► very jealous you and I had briefly colluded and I had thought about perhaps [TS]

00:03:50 ◼   ► crashing your visit but as it turns out I had a very busy week of going to prom [TS]

00:03:55 ◼   ► amongst other things and your weekend going to prom amongst other things and [TS]

00:03:59 ◼   ► that's not a joke and it's a story that I'm not gonna bother telling but I was [TS]

00:04:03 ◼   ► very disappointed that we couldn't that Aaron and I couldn't join you guys I [TS]

00:04:06 ◼   ► would've been really awesome but there was a good visit the original plan was [TS]

00:04:09 ◼   ► that would drive my new car there [TS]

00:04:11 ◼   ► and I'll be fun new car didn't didn't get here in time so and we were we were [TS]

00:04:16 ◼   ► going to messages for other reasons so so we figured but still visit the [TS]

00:04:20 ◼   ► Syracuse's even though I had my old slow car and the driver crappy BMW [TS]

00:04:25 ◼   ► practically terrible first world problems we should probably move so [TS]

00:04:35 ◼   ► let's talk about how your filthy stinking rich in never have to worry [TS]

00:04:39 ◼   ► about money except do it's not quite that simple there was a so there's [TS]

00:04:44 ◼   ► there's two things on this topic but they were really good here up in here [TS]

00:04:49 ◼   ► this is the link to one of them in the shower put the show notes by Dave Winer [TS]

00:04:53 ◼   ► from back in the year 2000 back when all the planes are supposed to fall out of [TS]

00:04:57 ◼   ► the sky and that one guy got a really overdo blockbuster bill accidentally so [TS]

00:05:03 ◼   ► in the year 2000 he is basically an article about you know theoretically [TS]

00:05:09 ◼   ► thinking about how much money do you need to be set and be fine and be secure [TS]

00:05:15 ◼   ► and then how happy with the actually make you in practice and even number of [TS]

00:05:23 ◼   ► good points like you know if you if you don't spend your money totally [TS]

00:05:26 ◼   ► irresponsible if you only buy things that you actually use so that rules out [TS]

00:05:30 ◼   ► things like you know fifteen different cars cars like only buy things you're [TS]

00:05:35 ◼   ► going to use and you know don't be totally crazy about it like how much [TS]

00:05:40 ◼   ► money do you really need before you can just live off the interest and you know [TS]

00:05:44 ◼   ► be be fairly secure and his point is that it's probably lower than you think [TS]

00:05:49 ◼   ► once you start realizing like well if you exclude things that you don't really [TS]

00:05:53 ◼   ► ever use then then you know it's not that much of the things that you won't [TS]

00:05:59 ◼   ► use but the point is the whole point being rich one of one of his point was [TS]

00:06:03 ◼   ► hilariously true and and and I might need to think about it at some point he [TS]

00:06:11 ◼   ► said that we get more practical buying things like second houses third cars [TS]

00:06:17 ◼   ► vacation homes big things that I wonder if most people would be comfortable [TS]

00:06:20 ◼   ► actually maintaining three cars have to be registered three times a year [TS]

00:06:24 ◼   ► your second home needs to be furnished to maintain even when you're not there [TS]

00:06:27 ◼   ► you say you can hire people to do these things for you then you to spend to time [TS]

00:06:31 ◼   ► in your life dealing with employees is this happiness it might not be as happy [TS]

00:06:35 ◼   ► as you think and you go so true it's like I just sold my fun car because I [TS]

00:06:41 ◼   ► didn't like having multiple cars like it was so inconvenient in so many ways that [TS]

00:06:46 ◼   ► I I'd rather just get one great car instead of having one decent car and one [TS]

00:06:51 ◼   ► fun car rather have one bigger fun car and just combine the roles and that's [TS]

00:06:57 ◼   ► that's that's what he's saying here is like you know if you if you start [TS]

00:07:00 ◼   ► limiting yourself to like only things you actually would feel comfortable [TS]

00:07:02 ◼   ► maintaining without being too much of a pain in the butt then then then a you [TS]

00:07:09 ◼   ► don't need as much money as you think to reach that point and be money won't make [TS]

00:07:15 ◼   ► you happy [TS]

00:07:16 ◼   ► by itself the chatroom got into the same thing I was thinking like you have to [TS]

00:07:20 ◼   ► break through that barrier so he could hire people to deal with the people that [TS]

00:07:23 ◼   ► you hired him in danger of their homes like that's that's the break through [TS]

00:07:27 ◼   ► barriers being rich rich is like no I don't want to deal with it the second [TS]

00:07:31 ◼   ► house and worrying about it hired dealing with employees you have to get [TS]

00:07:34 ◼   ► all way through to the point where you can hire people to deal with people did [TS]

00:07:38 ◼   ► you hire and then you just have to hire like maybe two or three good people and [TS]

00:07:41 ◼   ► you're all set and so having to deal with like incrementally as you buy more [TS]

00:07:45 ◼   ► things having to hire more people to deal but i think thats like that's a [TS]

00:07:49 ◼   ► whole other level like the same reason why I like you know there's this ancient [TS]

00:07:53 ◼   ► John Stauffer article that talks about enterprise software pricing and how [TS]

00:07:56 ◼   ► they're there's there's very little software price between $1,000 and [TS]

00:08:00 ◼   ► $15,000 because once you cross over that threshold of $1,000.00 so you need to [TS]

00:08:05 ◼   ► start sending sales people out to businesses and everything in your costs [TS]

00:08:08 ◼   ► go up tremendously by having overhead of committing the business and its ok to [TS]

00:08:12 ◼   ► spend this kind of money is a need to raise your prices like this big price [TS]

00:08:15 ◼   ► gap I feel like there's a big like you know rich person management alike if you [TS]

00:08:21 ◼   ► where you can't like it would suck to hire like a person to manage your [TS]

00:08:28 ◼   ► vacation house for you and in my opinion also sucks to maintain a vacation house [TS]

00:08:32 ◼   ► like my in-laws have always had like there [TS]

00:08:35 ◼   ► r their regular house in their vacation house and my mom has has she said the [TS]

00:08:39 ◼   ► same setup now she's back to one house but maintaining two houses really does [TS]

00:08:44 ◼   ► suck like my my mom and my endless day they like doing it so that was fine and [TS]

00:08:49 ◼   ► you know they that was fine for them maybe it's fine for Merlin but I think [TS]

00:08:55 ◼   ► like the idea of maintaining multiple houses like it's the same reason why [TS]

00:09:00 ◼   ► didn't want to cause any more like I just I hate all that crap and and you're [TS]

00:09:05 ◼   ► right yeah I guess I guess like the super rich will then have have tears of [TS]

00:09:10 ◼   ► people that are maintaining but that's really expensive and so you have to have [TS]

00:09:15 ◼   ► to be like [TS]

00:09:16 ◼   ► substantially wrecked it even manage that and be even if I got that kind of [TS]

00:09:22 ◼   ► money I don't think I feel good about spending it like that you know that if I [TS]

00:09:27 ◼   ► were talking you know once once the rumors are flying about the number thing [TS]

00:09:31 ◼   ► on I think it was Friday night when they first came out we start talking like ok [TS]

00:09:35 ◼   ► what if this is really you know what will we do if we if we get a chunk of [TS]

00:09:40 ◼   ► money from this and we we both know we're talking through really no I don't [TS]

00:09:46 ◼   ► think we really gonna buy anything immediately and I don't think we're [TS]

00:09:50 ◼   ► gonna make any substantial changes in our life like it and didn't tell her [TS]

00:09:54 ◼   ► about the pci-express SSD I guess I I told her it installed for you guys this [TS]

00:10:00 ◼   ► is this is how much I like you guys it's installed in my computer right now and [TS]

00:10:04 ◼   ► I'm not using it because the transfer would have taken too long and I would [TS]

00:10:08 ◼   ► have run over into the show ya so this move your email and try to copy all your [TS]

00:10:13 ◼   ► data at the same time the email is a separate issue I was actually deleting [TS]

00:10:18 ◼   ► 80,000 notification emails from PayPal from various Instapaper subscription [TS]

00:10:24 ◼   ► things over the years cuz everytime people as anything the email you even if [TS]

00:10:27 ◼   ► it's something like that we're like an API will be a lot better [TS]

00:10:30 ◼   ► nope nope somebody has to get an email so people are so so bad please I i [TS]

00:10:38 ◼   ► prayed to the gods of programming out there don't let anybody ever used PayPal [TS]

00:10:42 ◼   ► again by the way this is a topic we talk about when its launch but [TS]

00:10:48 ◼   ► this Jolla square cash thing looks really interesting you see this thing [TS]

00:10:53 ◼   ► that your iPad goes into to make a point of sale [TS]

00:10:55 ◼   ► know that that's something that's the register this is square is apparently [TS]

00:10:59 ◼   ► beta testing or by by invitation only testing a service where you can send [TS]

00:11:04 ◼   ► anybody what appears to be an ACH payment for $0.25 no matter what the [TS]

00:11:09 ◼   ► amount of the payment is to an email address and email address and they log [TS]

00:11:13 ◼   ► in and they they claim that the deposit in the bank and now you're Philadelphia [TS]

00:11:17 ◼   ► $0.25 yeah now so and if true that would that would make it substantially cheaper [TS]

00:11:24 ◼   ► than almost any other easy way to send amounts of money larger than a few [TS]

00:11:29 ◼   ► dollars it's it would be it would be very very nice like three percent or [TS]

00:11:36 ◼   ► 2.9% plus $0.30 minimum or something like that ever and as a percentage of [TS]

00:11:40 ◼   ► you send someone ten grand also has ties to be spending right exactly and and so [TS]

00:11:45 ◼   ► like you know if if you know your if your space or buy something for like [TS]

00:11:49 ◼   ► $1000 or $500 or something online and you know if if the vendor or if you are [TS]

00:11:54 ◼   ► you know somebody's eating three percent off that that actually add up to be good [TS]

00:11:59 ◼   ► money and so an end to the most part there really isn't a good way to do big [TS]

00:12:04 ◼   ► transfers like that in the us- and I know the rest of the country for the [TS]

00:12:09 ◼   ► rest of the world has like all these electronic payments in in very common [TS]

00:12:13 ◼   ► usage we really don the USA everything here is backwards and you can you can [TS]

00:12:17 ◼   ► help somebody a paper check which I don't even know if people in the world [TS]

00:12:23 ◼   ► even know what we mean by that you would spell it with a qu at the end and it's [TS]

00:12:31 ◼   ► it's like I feel like the rest of the world looks at the way we deal with [TS]

00:12:35 ◼   ► money in the USA with transferring money the same really we look at our parents [TS]

00:12:39 ◼   ► of all they ever use of those vacuum tube things they never used ATMs you [TS]

00:12:43 ◼   ► know like it too so backwards anyway but I forgot I lost track so you did not [TS]

00:12:50 ◼   ► know in advance you were not briefed that's correct and so so i cant actually [TS]

00:12:56 ◼   ► this is not for the show's just for me what happens when you're sitting at home [TS]

00:12:59 ◼   ► on a Friday night you see holy cow [TS]

00:13:01 ◼   ► God the company that I have at least a shred of interest and is going to sell [TS]

00:13:07 ◼   ► four billion dollars I think how do you react to that [TS]

00:13:11 ◼   ► well I was very very cautious in in my emotional responses because it wasn't [TS]

00:13:17 ◼   ► definite [TS]

00:13:18 ◼   ► I I wanted like I didn't hear about it in any kind of official capacity until [TS]

00:13:23 ◼   ► after the press release out on Monday morning so you know I learned in the [TS]

00:13:29 ◼   ► press the same way everyone else learned and not at all no because think about [TS]

00:13:36 ◼   ► Yahoo's a public company so I guess I knew in advance that could cause [TS]

00:13:40 ◼   ► problems with some kind of trading think of it like i dont wanna I don't want to [TS]

00:13:44 ◼   ► deal with that crap you know that's the last thing I do is get into like weird [TS]

00:13:48 ◼   ► financial regulations and put myself at risk or anything you know like so I'm [TS]

00:13:54 ◼   ► very glad that I was I was just as informed as the public on this but I [TS]

00:14:02 ◼   ► didn't want to mentally admit to myself that it was happening until I knew for [TS]

00:14:07 ◼   ► sure that it was happening and I'm still a little bit reserved in my head because [TS]

00:14:10 ◼   ► like the cell hasn't technically closed yet like I don't have the money yet so [TS]

00:14:16 ◼   ► like that that takes weeks or months of various paperwork and everything so i [TS]

00:14:21 ◼   ► don't i don't think I even know when it will close I know it's going to happen [TS]

00:14:24 ◼   ► eventually but you know so I think once once I actually have some kind of [TS]

00:14:30 ◼   ► tremendous bank deposit you know then I'll feel real until it's still kinda [TS]

00:14:34 ◼   ► like now it feels almost real because it's been confirmed but over the weekend [TS]

00:14:37 ◼   ► it was really just like I think this might happen because the reports they [TS]

00:14:43 ◼   ► were from AllThingsD and there were multiple reports and that's that's a [TS]

00:14:46 ◼   ► pretty good sign they're pretty well sourced and also you know and every [TS]

00:14:51 ◼   ► little bit about this in the post from everything I know about David and Tumblr [TS]

00:14:56 ◼   ► the reports sounded extremely plausible it was like OJ Simpson's like if I [TS]

00:15:01 ◼   ► didn't book like lisa has heard about that took me a second to realize what it [TS]

00:15:08 ◼   ► was like like if they were gonna sell it [TS]

00:15:11 ◼   ► this is how it go you know so I so I knew like looking at these reports like [TS]

00:15:15 ◼   ► this looks just looks real and so I I was pretty sure that they were [TS]

00:15:22 ◼   ► definitely negotiating this I but just like everyone else you know it was [TS]

00:15:26 ◼   ► hinged upon the Yahoo board approving it and then I didn't know it was going to [TS]

00:15:30 ◼   ► approve it [TS]

00:15:30 ◼   ► United know what's going on so so I believed hundred-percent that there were [TS]

00:15:36 ◼   ► talks but I did not know whether whether it would result in an actual sale or not [TS]

00:15:40 ◼   ► you know cause I mean when you have a company that size is always talks has [TS]

00:15:43 ◼   ► talked all the time with people right now you didn't immediately start making [TS]

00:15:48 ◼   ► a list of where you're going to buy a second garage and what caused you can [TS]

00:15:52 ◼   ► fill it with or not it's a thing like this great day one article I i dont [TS]

00:15:57 ◼   ► really wanna make any changes like that in my life because you know I i've kind [TS]

00:16:03 ◼   ► of been lucky in in when I've made money in my life that if I can say that [TS]

00:16:10 ◼   ► without sounding too much like an arrogant [TS]

00:16:12 ◼   ► you know I started out from a pretty modest background and so I always I [TS]

00:16:22 ◼   ► always had a pretty good sense of money I always had to work for my money i we [TS]

00:16:26 ◼   ► had to save my own money you know I was bought my own stuff with my money so [TS]

00:16:31 ◼   ► that's why I have like my side of things like reviewing the best like trying to [TS]

00:16:37 ◼   ► find the best headphones try to find the best light bulbs like that's that's [TS]

00:16:40 ◼   ► where that comes from in me it that that's that's the part my personality [TS]

00:16:43 ◼   ► comes from is like trying to try to get a goodbye try not to like waste money [TS]

00:16:48 ◼   ► unnecessarily stuff like that so it helped that then in a way with [TS]

00:16:56 ◼   ► Instapaper and for a while having two incomes and wisdom I was doing in this [TS]

00:17:01 ◼   ► paper and homework the same time I started getting some extra money and [TS]

00:17:05 ◼   ► because it happened gradually and because I had come up from that [TS]

00:17:10 ◼   ► background I was never like blowing money wastefully I was never like you [TS]

00:17:15 ◼   ► know I don't think I mean least excessively is never late being totally [TS]

00:17:19 ◼   ► responsible about it and so now that I have more than that [TS]

00:17:24 ◼   ► that I will eventually have more than that I'm kind of glad that I had this [TS]

00:17:31 ◼   ► intermediate steps because you see like when people when people win the lottery [TS]

00:17:36 ◼   ► and you use it like working class people who have never had access money in their [TS]

00:17:41 ◼   ► lives they win the lottery and parliament has an issue this week they [TS]

00:17:46 ◼   ► win the lottery and then like like like statistically so many of them are [TS]

00:17:50 ◼   ► actually not very well off like a year to lean more like not very happy if they [TS]

00:17:56 ◼   ► have problems you know there's so many ways like I think no matter who matter [TS]

00:18:01 ◼   ► whatever and making my life no matter how much money I have or make in the [TS]

00:18:07 ◼   ► future I don't want to do things like have had a iPhone and iPhone you know [TS]

00:18:12 ◼   ► and by the way I should point I got a really nice email from Dave Morgan he [TS]

00:18:18 ◼   ► did you yeah he's here you know the more I never met the guy but but I've emailed [TS]

00:18:22 ◼   ► him a few times I really do think he's a decent person who just got caught with a [TS]

00:18:27 ◼   ► terrible interview like you get you know hehe I i dont wanna say what he said i [TS]

00:18:32 ◼   ► think is private but it sound like he was definitely like a victim of of a [TS]

00:18:36 ◼   ► sensational editor and writer that like almost everything he said there was [TS]

00:18:42 ◼   ► probably taken out of context and and so he's he's not as bad as it sounds but [TS]

00:18:49 ◼   ► anyway so you know there's things like that and I think are are just [TS]

00:18:56 ◼   ► unnecessary and wasteful and no matter how much I have or don't have always [TS]

00:19:02 ◼   ► think that and so I already have most of what I want because most of what I want [TS]

00:19:08 ◼   ► is affordable and have been able to afford it so I don't really like I don't [TS]

00:19:13 ◼   ► this is why this is not really going to change like I'm really happy that we [TS]

00:19:18 ◼   ► bought our house back when I was working at tumblr so just on a it was a good job [TS]

00:19:24 ◼   ► it was still a regular salary job so we bought a mid-price house for our area [TS]

00:19:30 ◼   ► and we didn't go crazy we didn't spend like millions of dollars on some giant [TS]

00:19:35 ◼   ► mansion [TS]

00:19:36 ◼   ► and I feel like if I didn't yet own a house and I suddenly came into a big [TS]

00:19:41 ◼   ► lump sum of money I might be tempted to spend a big chunk of the house and now [TS]

00:19:46 ◼   ► that temptation is gone because we already bought a house we are to have [TS]

00:19:49 ◼   ► this house and moved the concept of the idea of moving is so unappealing to me [TS]

00:19:55 ◼   ► that you know it doesn't really matter that we matter if we come into big sums [TS]

00:20:03 ◼   ► of money at any point now live from this point forward we have a house we want [TS]

00:20:07 ◼   ► for the foreseeable future and so I don't need to I don't need to blow all [TS]

00:20:13 ◼   ► the money on on a big house or something like that you know it's interesting to [TS]

00:20:18 ◼   ► me that dear friend of the show david smith said in the chat and I completely [TS]

00:20:23 ◼   ► agree with him independence is the vert virtue I value most some of which money [TS]

00:20:27 ◼   ► can buy but moreover is about how you make choices and I think that's very [TS]

00:20:31 ◼   ► true and I would I would build onto onto that that everything is relative and so [TS]

00:20:36 ◼   ► I think to Miami I make a decent living we're very comfortable and I think [TS]

00:20:41 ◼   ► myself man it would be pretty cool to be able to go and just buy or lease [TS]

00:20:45 ◼   ► whatever brand new m5 I think that beat it's arguably within reach maybe but [TS]

00:20:51 ◼   ► it's it's still a stretch if not a little bit outside of the edge of my arm [TS]

00:20:56 ◼   ► that makes any sense [TS]

00:20:57 ◼   ► similarly I'm sure there are people that would say man I would love to have a [TS]

00:21:01 ◼   ► lightly used three series and then there are people that would say man I would [TS]

00:21:05 ◼   ► love to have a lightly used accord were or whatever in and I'm not trying to say [TS]

00:21:10 ◼   ► that that that we are ranked in any sort of way financially it's just that [TS]

00:21:15 ◼   ► everything is relative and everything is a choice and I think I speak for both of [TS]

00:21:21 ◼   ► you guys I feel like I know both you pretty darn well that we make choices [TS]

00:21:24 ◼   ► about how we want to spend our money in such a way that we are not really [TS]

00:21:28 ◼   ► longing for more of course everyone always wants more money but it's not the [TS]

00:21:33 ◼   ► sort of thing where our lives would be demonstrably different if any one of us [TS]

00:21:38 ◼   ► had say double the salary that we have today on John doesn't make sense to you [TS]

00:21:42 ◼   ► would you agree with any of my crazy might be different but not [TS]

00:21:45 ◼   ► many important way beyond important way is still be cool he would absolutely be [TS]

00:21:51 ◼   ► cool like I think I always feel like I would be excellent rich person I will [TS]

00:21:59 ◼   ► never actually be a rich person that that's just like those stories of people [TS]

00:22:05 ◼   ► who win the lottery and do foolish things money or like recording artist [TS]

00:22:08 ◼   ► Sibylle or the money just like man like you know the money was wasted on them [TS]

00:22:13 ◼   ► because they had no idea what they're doing and just you know and I don't know [TS]

00:22:17 ◼   ► what it is I don't know how it is any connection at all between the people who [TS]

00:22:22 ◼   ► end up getting rich and and are smarter than many of the people I think maybe [TS]

00:22:25 ◼   ► the only thing that I could come up with is that you mostly hear about the people [TS]

00:22:29 ◼   ► who get a lot of money and screw it up there is tons and tons of people get a [TS]

00:22:33 ◼   ► lot of money and don't screw it up and it's boring so you don't hear stories [TS]

00:22:37 ◼   ► about them so you know they just have a nice life and live within their newly [TS]

00:22:42 ◼   ► expanded means perfectly fine and and that's boring and you'll hear about [TS]

00:22:46 ◼   ► their do you know the person who gets old but I you know that's and I don't [TS]

00:22:53 ◼   ► know if there's anything you do it like that the market is that it's nice to get [TS]

00:22:55 ◼   ► money gradually learn to deal with it I don't think if you got it all of a [TS]

00:22:59 ◼   ► sudden you you would have blunted anyway like I think it's just a personality [TS]

00:23:02 ◼   ► type thing where you know I'm no amount of training with gradual because what [TS]

00:23:07 ◼   ► you see with the gradual ramp-up of money and I'm sure we've all seen this [TS]

00:23:09 ◼   ► is it you know someone graduates college or something and I start their first job [TS]

00:23:13 ◼   ► and they get like a low salary and they get an apartment to keep getting raises [TS]

00:23:16 ◼   ► a nicer apartment and they get married and get a better job of two incomes and [TS]

00:23:20 ◼   ► buy a house in like that can just continue to creep creep up where people [TS]

00:23:24 ◼   ► every time that people get a little more disposable income like oh wow we can [TS]

00:23:27 ◼   ► afford a better house you can afford a better over now we can afford a better [TS]

00:23:30 ◼   ► this and they just there never are content to live within their means need [TS]

00:23:34 ◼   ► to chase their income to the point where they're like boy I need to be making [TS]

00:23:40 ◼   ► three hundred grand a year just to maintain my lifestyle and my wife needs [TS]

00:23:43 ◼   ► to also make 300 grandkids now our lifestyle requires six hundred grand a [TS]

00:23:47 ◼   ► year just to get by just to pay for all the cars and houses and private schools [TS]

00:23:51 ◼   ► and fancy clothes and vacations that we're now accustomed to and [TS]

00:23:55 ◼   ► a decrease in my income is now a sacrifice my lifestyle and that that's [TS]

00:23:59 ◼   ► the the the the travels of gradually rushing things if you're not smart about [TS]

00:24:03 ◼   ► your money is that you just constantly as soon as you get some more disposable [TS]

00:24:07 ◼   ► income you want to upgrade everything in your life so that's likely more [TS]

00:24:11 ◼   ► insidious version of the OS gonna blow it all on you know fast cars and women [TS]

00:24:15 ◼   ► can be broken and I know I definitely know people like that who they're living [TS]

00:24:22 ◼   ► within their means but always just and that is a foolish may have pushed me to [TS]

00:24:26 ◼   ► live I mean I can also play with me like I also have I guess some personal traits [TS]

00:24:33 ◼   ► that they keep this in check like one of them is that I hate any kind of debt I [TS]

00:24:37 ◼   ► really I I prefer to not have any debt if I can and fortunately for most of my [TS]

00:24:43 ◼   ► life have been able to maintain that that's not entirely sure I had a car [TS]

00:24:48 ◼   ► payment back anyway [TS]

00:24:49 ◼   ► tax shelter for your mortgage interest to keep that one right and but also you [TS]

00:24:56 ◼   ► know I have a pretty boring life style by most people's measurements you know [TS]

00:25:00 ◼   ► what I don't go out and party I'm not gonna be buying $1,000 bottle of [TS]

00:25:05 ◼   ► champagne to pour onto rap stars or anything I i dont know im still like no [TS]

00:25:12 ◼   ► matter how much money I ever have and probably always going to wear jeans and [TS]

00:25:16 ◼   ► a t-shirt most days like you look at Steve Jobs the way he lived he had a [TS]

00:25:23 ◼   ► ridiculous car that he got a new one every few months we would have to have a [TS]

00:25:26 ◼   ► license plate but he lives in a pretty normal house like it was a nice house [TS]

00:25:33 ◼   ► but it wasn't like some kind of tremendous state you know with horses [TS]

00:25:36 ◼   ► and tennis courts and he was like a regular house in a neighborhood he wore [TS]

00:25:40 ◼   ► regular clothes he wore regular shoes you know he had nice computers but [TS]

00:25:45 ◼   ► that's understandable and it's also not that much money relatively speaking [TS]

00:25:50 ◼   ► you know I feel like I feel like it in in the way that that John you say you'd [TS]

00:25:56 ◼   ► be a really good rich person I think I'd be pretty terrible one because [TS]

00:26:00 ◼   ► I don't do any of those things that you think of as rich people doing and I have [TS]

00:26:06 ◼   ► no desire to like I don't intend to join a country club I thought I would I would [TS]

00:26:12 ◼   ► have to kick my own but if i dont a country club I don't intend to like even [TS]

00:26:18 ◼   ► golf which have actually enjoys got quite a bit but I don't I don't intend [TS]

00:26:26 ◼   ► to do that myself like the idea of even like her like I i don't want to do [TS]

00:26:35 ◼   ► anything that would cause the rest of my working-class family to think I'm a dick [TS]

00:26:40 ◼   ► you know that makes sense like that's the the sensibilities of regular people [TS]

00:26:46 ◼   ► have been so bad into my personality that I never even I have the ability to [TS]

00:26:51 ◼   ► blow any amount of money on some particular thing I don't want to do it [TS]

00:26:57 ◼   ► cuz i dont want I want to do it myself i dont wanna know that I did that and I [TS]

00:27:01 ◼   ► don't want my family to find out here in the thing that struck me was I i dont [TS]

00:27:09 ◼   ► number what day it was but I noticed either Friday or over the weekend or [TS]

00:27:13 ◼   ► maybe it was Monday night one of you guys are you hurt if posted a picture [TS]

00:27:18 ◼   ► from the restaurant that the four of us have been to a couple times that's right [TS]

00:27:24 ◼   ► near you and I thought to myself you know if I had had some amount of [TS]

00:27:28 ◼   ► windfall be that a thousand bucks 10,000 bucks whatever doesn't matter but some [TS]

00:27:33 ◼   ► amount of windfall I think what area and I would probably do is go to a nicer [TS]

00:27:37 ◼   ► dinner you a nice city or something like that [TS]

00:27:39 ◼   ► not something absurd not thousand dollar bottles of wine or whatever or champagne [TS]

00:27:43 ◼   ► or whatever what have you got a nice dinner and here it is that you guys have [TS]

00:27:49 ◼   ► ostensibly just earned a significant amount of money granted it's not there [TS]

00:27:55 ◼   ► yet but in principle you've earned a significant amount of money and here it [TS]

00:27:58 ◼   ► is you went to the same restaurant that the four of us have gone to I think [TS]

00:28:02 ◼   ► every time if not every time we visited you then nearly every time and it is not [TS]

00:28:05 ◼   ► a bad restaurant by any stretch but it's an average American restaurant casual [TS]

00:28:09 ◼   ► family pub you know like not on trees like 10 bucks you know it's not yet and [TS]

00:28:15 ◼   ► you know I went there because we have a one-year-old like them at fancy [TS]

00:28:21 ◼   ► restaurants we used to go to this place like once a week ever since we had the [TS]

00:28:24 ◼   ► kid we now go to like once every five months because I so don't want to be [TS]

00:28:28 ◼   ► that guy whose kids are screaming in the restaurant serving on the floor I'm so [TS]

00:28:32 ◼   ► afraid of being that guy that we hardly ever go out to restaurants anymore and [TS]

00:28:37 ◼   ► that's like that's how I spent that day I didn't shower until right before when [TS]

00:28:41 ◼   ► the restaurant I was in a crappy white t-shirt I swept my patio cuz they were [TS]

00:28:46 ◼   ► flowers from a tree all over it like I did I'm a regular person doing regular [TS]

00:28:51 ◼   ► things like that my day to day life is not going to change people shower and go [TS]

00:28:56 ◼   ► to work in the morning just let it slip that you want to see i've been i've been [TS]

00:29:03 ◼   ► showering inappropriately times the day for like a year and a half now [TS]

00:29:06 ◼   ► unemployed people do that too [TS]

00:29:08 ◼   ► why don't you just want to ask you about Yahoo [TS]

00:29:12 ◼   ► our first sponsor this evening like I don't know when you're listening to this [TS]

00:29:17 ◼   ► but for the live listeners are for sponsor this evening is Squarespace this [TS]

00:29:22 ◼   ► episode has once again brought to you by Squarespace there the all-in-one [TS]

00:29:26 ◼   ► platform that makes it easy to create your own website for a free trial and [TS]

00:29:30 ◼   ► 10% off the square space.com news the offer code ATP 54 accident tech podcast [TS]

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00:29:55 ◼   ► great on any device with responsive designs it's incredibly easy to use and [TS]

00:30:00 ◼   ► but you know if you want some help [TS]

00:30:01 ◼   ► they have an amazing support team that worked 24 hours a day seven days a week [TS]

00:30:05 ◼   ► starts just $8 a month included remaining if you if you sign up for a [TS]

00:30:10 ◼   ► year in advance so anyway as I said earlier you can try screen space for [TS]

00:30:14 ◼   ► free [TS]

00:30:14 ◼   ► there's no credit card required this is a real free trial we don't give me [TS]

00:30:18 ◼   ► credit card and if you forget the auto bailout no you don't [TS]

00:30:20 ◼   ► credit cards a real tree trial and if you purchase it make sure you get 10% [TS]

00:30:25 ◼   ► off coupon code 85 @ thank you that I support the show [TS]

00:30:30 ◼   ► Squarespace is everything you need to create an exceptional website know thank [TS]

00:30:37 ◼   ► you for sponsoring them sponsors for like the 95th time you imagine how much [TS]

00:30:41 ◼   ► the podcast Robert sockets Christmas it would suck so hard it would be to turn [TS]

00:30:46 ◼   ► their seriously supporting like half the podcast industry it's absolutely true [TS]

00:30:51 ◼   ► and I don't know how they do it but I'm glad they do and not just for the [TS]

00:30:55 ◼   ► chauffeur for all the different shows they sponsor so I want to start by [TS]

00:31:00 ◼   ► asking John and I wanna hear Marco you can wrap this up [TS]

00:31:04 ◼   ► John what do you think about the idea of Yahoo and Tumblr being one sort of but [TS]

00:31:11 ◼   ► not doesn't make sense to you too that is that is that a good marriage if you [TS]

00:31:15 ◼   ► will or does that make no sense it makes sense in a cynical way that these [TS]

00:31:20 ◼   ► acquisitions make sense in the Yahoo is clearly like in turn around I guess [TS]

00:31:25 ◼   ► you'd call it you know the new CEO bold new strategy cut the fat recon straight [TS]

00:31:31 ◼   ► on the good things are so it's it's in the mode where it's trying to turn [TS]

00:31:35 ◼   ► itself around and it used to be the hip cool thing but isn't anymore and it [TS]

00:31:40 ◼   ► makes sense that it would be up there shopping for something that is hip and [TS]

00:31:43 ◼   ► cool and something that has a lot of users and Tumblr on the other hand it is [TS]

00:31:47 ◼   ► insanely popular tremendous growth but very little but in a way of ways to turn [TS]

00:31:55 ◼   ► all that popularity and money they did what they sell premium themes and some [TS]

00:31:59 ◼   ► sort of promoted post stuff like not the type of you know that they have all [TS]

00:32:03 ◼   ► these users and they want to monetize them and they haven't quite figured out [TS]

00:32:06 ◼   ► how to do it in a way that scales with the size of their business so they're [TS]

00:32:12 ◼   ► more than happy to take Yahoo's money and I was more than happy to give it [TS]

00:32:16 ◼   ► like what is Yahoo need lots of users and cool and I need money because it has [TS]

00:32:21 ◼   ► been how to make enough on its own so in that sense the marriage makes sense but [TS]

00:32:25 ◼   ► then when I think about what are we left with is this combination [TS]

00:32:29 ◼   ► is gonna help Yahoo as much certainly was gonna help tumbler with money but is [TS]

00:32:36 ◼   ► it just like ok well now we have assured that you we can continue to be tumblr to [TS]

00:32:40 ◼   ► be cool but also continue not to make money that's not really a great outcome [TS]

00:32:44 ◼   ► in its kind of neutral her tumblr but not great for Yahoo so I wonder how much [TS]

00:32:49 ◼   ► tumblers really gonna help Yahoo how they gonna they're gonna figure [TS]

00:32:52 ◼   ► something out together to become more than they were individually remains to [TS]

00:32:56 ◼   ► be seen [TS]

00:32:58 ◼   ► I completely agree and I just don't understand how this Billy benefits Yahoo [TS]

00:33:04 ◼   ► released in the near term in any way other than hey look that company that [TS]

00:33:09 ◼   ► that website that all the kids these days really like yeah that's arms baby [TS]

00:33:14 ◼   ► but they get all the users to them like that now all of those users are their [TS]

00:33:19 ◼   ► users and you know when you have that number one is maybe Marco knows what is [TS]

00:33:24 ◼   ► nice and graphs on how many millions of people on tumblr now it's like its big [TS]

00:33:29 ◼   ► number and and so even if those people like well then I like you have access to [TS]

00:33:36 ◼   ► them in some way like you have a shot like they're yours their captive and so [TS]

00:33:40 ◼   ► if you call for some great new idea for some new property or something really [TS]

00:33:44 ◼   ► just want to promote the new Flickr to them or something suddenly you can do [TS]

00:33:48 ◼   ► that and you know what the PayPal blur to put like one little hey check on [TS]

00:33:50 ◼   ► Flickr thing in the upper right-hand corner that you can just do that really [TS]

00:33:53 ◼   ► easily that's a stupid example but like having access to those people psycho it [TS]

00:33:59 ◼   ► is a big to try making if Yahoo tried to say we're going to make a new service [TS]

00:34:02 ◼   ► and it's going to become a popular stomper good luck with that right but so [TS]

00:34:05 ◼   ► just getting time but you get those people so you still have a good time and [TS]

00:34:08 ◼   ► money from them not to piss them off and all those other things but at least at [TS]

00:34:12 ◼   ► least there there that equals billion dollars I guess yeah and the show David [TS]

00:34:18 ◼   ► Spencer said 300 million monthly unique visitors 220,000 sign ups everyday David [TS]

00:34:23 ◼   ► Smith is basically a real-time follow whenever you see her naturally but they [TS]

00:34:28 ◼   ► agree 13 times the show which is not surprising but I agree [TS]

00:34:34 ◼   ► thank you I don't see how Yahoo can really capitalize on having all these [TS]

00:34:42 ◼   ► users without taking off all these users in the sense that if I were developed [TS]

00:34:46 ◼   ► tumblr users and my blog that I write on once every seven years these days is on [TS]

00:34:51 ◼   ► tumblr but that being said if I were fighting really know the backstory and I [TS]

00:34:56 ◼   ► just heard in the news Yahoo now on Tumblr and all of a sudden I start [TS]

00:35:02 ◼   ► seeing links told his Yahoo properties immediately I'm starting from my hands [TS]

00:35:05 ◼   ► in the air and saying how they sold out and now I feel like I'm just another [TS]

00:35:08 ◼   ► eyeball to show up to their other properties to do in a crappy think think [TS]

00:35:13 ◼   ► of the newly revised Flickr on Flickr was it a much beloved service that [TS]

00:35:18 ◼   ► seemed to stagnate and now they revised it is mostly the revisions also getting [TS]

00:35:21 ◼   ► a thumbs-up right thing about this right so wouldn't it be great if you could [TS]

00:35:26 ◼   ► very easily plus pictures from Flickr to your tumblr does that hurt you as a [TS]

00:35:31 ◼   ► tumblr users know now it may be easier for you I suspect maybe you didn't use [TS]

00:35:34 ◼   ► Flickr be like oh well since it integrates all of tumblr now may be a [TS]

00:35:38 ◼   ► sign up for the Flickr thing and you someday become a Flickr user Flickr does [TS]

00:35:42 ◼   ► have a business model maybe perhaps not a great one yourself standing on but it [TS]

00:35:46 ◼   ► does have some way to collect money from you and that's kind of you know it's [TS]

00:35:49 ◼   ► like a sack type things like how well there was free and integrate well [TS]

00:35:54 ◼   ► integrated with tumblr and I'll sign up for it and then you start looking sexy [TS]

00:35:57 ◼   ► pretty cool you start using an like you didn't feel like it was shoved in your [TS]

00:36:01 ◼   ► face but merely because they're under the same umbrella they can do deep you [TS]

00:36:05 ◼   ► know really cool integration that wouldn't be possible through just if [TS]

00:36:08 ◼   ► they were just talking to each other in API over the internet as two separate [TS]

00:36:12 ◼   ► companies and that's that's one small example but I really I think it is [TS]

00:36:16 ◼   ► possible I think Apple stuff is integrated with each other it is [TS]

00:36:19 ◼   ► possible to do integration in a way that customer see as friendly and beneficial [TS]

00:36:23 ◼   ► and not as shoving each other services in my face and then that makes me wonder [TS]

00:36:30 ◼   ► is it really worth a billion dollars for that [TS]

00:36:33 ◼   ► potential integration and that potential way of making these eyeballs look in [TS]

00:36:39 ◼   ► these other directions and I would guess marcus says yes but super user you know [TS]

00:36:45 ◼   ► like you have added up like think carl does it cost of someone share another [TS]

00:36:49 ◼   ► cost of acquiring new customers if you do the math Mike how many new potential [TS]

00:36:53 ◼   ► customers that just grab under its umbrella how much should I pay for each [TS]

00:36:57 ◼   ► of them but I think things are worth what people are willing to pay for them [TS]

00:37:00 ◼   ► and so that's just how r capitalism works so someone was going to pay a [TS]

00:37:06 ◼   ► billion that it that it is by definition worth a billion you know and it's [TS]

00:37:12 ◼   ► certainly I found it refreshing in market promise I'll give you a chance [TS]

00:37:15 ◼   ► here in a second but I found it refreshing although odd that their press [TS]

00:37:18 ◼   ► release was so self-deprecating as a self-deprecating guy I that made me [TS]

00:37:24 ◼   ► happy to see somebody else to talk the way I talk but it was odyssey that a [TS]

00:37:28 ◼   ► press release I think the second I tweeted something like the second line [TS]

00:37:32 ◼   ► of the official press release this wasn't the thing that that David posted [TS]

00:37:35 ◼   ► on tumblr it was the official Yahoo press release the second the [TS]

00:37:40 ◼   ► sub-headline was promises not screwed up and I thought that was so remarkable and [TS]

00:37:45 ◼   ► it was it was also my thought it was awesome anyway and in that was to me [TS]

00:37:50 ◼   ► that was a very good sign that that that they know not to screw in a light on the [TS]

00:37:57 ◼   ► other side don't you kind of by definition need to screw it up in order [TS]

00:38:01 ◼   ► to get any real tangible value out of it and John I think your point a minute ago [TS]

00:38:06 ◼   ► so great counterargument that no maybe if you just do a really good and sought [TS]

00:38:11 ◼   ► all job of integrating with your existing properties maybe you don't need [TS]

00:38:14 ◼   ► to screw it up in order to get your money's worth [TS]

00:38:16 ◼   ► but it's it's a maybe I'm just not imaginative but it's a very big leap for [TS]

00:38:21 ◼   ► me to see how you can really get a billion dollars worth out of just [TS]

00:38:27 ◼   ► integrating with liquor and I know that was a silly example but you did it [TS]

00:38:31 ◼   ► doesn't make sense [TS]

00:38:31 ◼   ► tumblr tumblr is a little bit of a puzzle because tumblr had a long time on [TS]

00:38:36 ◼   ► its own [TS]

00:38:36 ◼   ► during which it cannot figure out how to get its money's worth out of its [TS]

00:38:42 ◼   ► tremendous number of users I don't think that Twitter has the same type of [TS]

00:38:46 ◼   ► situation you're not going to get money out of them but like they like you feel [TS]

00:38:50 ◼   ► like you should be getting Facebook's size and money out of a facebook size [TS]

00:38:55 ◼   ► number of users Facebook as well over 200 million never been a bit like they [TS]

00:39:00 ◼   ► got enough surely enough money to keep themselves going and everything happens [TS]

00:39:04 ◼   ► just like man just just just so many people like how do we how do we get the [TS]

00:39:08 ◼   ► money that we know is there like these people like our product they using it [TS]

00:39:11 ◼   ► but probably not willing to pay more than likely just gotta be something [TS]

00:39:14 ◼   ► locked up in there and and just didn't feel like company ever figured out how [TS]

00:39:17 ◼   ► to get the amount of money that thought it should get out of there maybe Yahoo [TS]

00:39:21 ◼   ► doesn't need that kind of money out of these users because it uses themselves [TS]

00:39:25 ◼   ► just having them happy and using this something that that Yahoo owns is in [TS]

00:39:29 ◼   ► itself [TS]

00:39:30 ◼   ► worthwhile so they don't need to get more money out of it but I don't think [TS]

00:39:34 ◼   ► you can just suddenly turn on the money for Citroen Tumblr and say now we just [TS]

00:39:39 ◼   ► believe these people drive because that will that will go running away and [TS]

00:39:42 ◼   ► you're never you're never gonna get that kind of money under these people that [TS]

00:39:47 ◼   ► did you think you should just because someone else but not gonna pay to use [TS]

00:39:51 ◼   ► Tumblr not that many of its Marco and let us havin what do you think well I [TS]

00:39:58 ◼   ► should preface this first of all with a tremendous disclaimer that I don't have [TS]

00:40:04 ◼   ► any inside information here really I love Tumblr in 2010 even then I hadn't [TS]

00:40:12 ◼   ► gone to the board meetings in years I really wasn't that familiar with the [TS]

00:40:15 ◼   ► finances the company or even the girls at that point I was focused entirely on [TS]

00:40:19 ◼   ► just my job because service stuff but certainly since 1955 had minimal contact [TS]

00:40:27 ◼   ► with them I see the people they're here in there socially but we don't talk [TS]

00:40:31 ◼   ► business and I'm usually used her that much since then because I what I want to [TS]

00:40:38 ◼   ► write my own BlogEngine and support that so anyway I should preface this by [TS]

00:40:41 ◼   ► saying that this is not based on any kind of inside information about the [TS]

00:40:44 ◼   ► company and I'm still a bit nervous to even comment on this but I'll do my best [TS]

00:40:50 ◼   ► to give you some kind of content without getting myself into any kind of trouble [TS]

00:40:55 ◼   ► I think in in very general terms I think that Yahoo has a lot of money but they [TS]

00:41:04 ◼   ► don't have a lot of relevance and tumblr has a lot of relevance and they don't [TS]

00:41:08 ◼   ► have a lot of money and so i i think it if you look at the dollar value for a [TS]

00:41:17 ◼   ► while because I don't think the dollar value matters that much for looking at [TS]

00:41:22 ◼   ► why these companies benefit from each other I think tumblr first of all the [TS]

00:41:31 ◼   ► discussions on whether Yahoo's gonna screw it up I think you to consider [TS]

00:41:38 ◼   ► first of all that the alternative is not tumblr adjusting as it exists now [TS]

00:41:43 ◼   ► forever [TS]

00:41:44 ◼   ► alternative would be tumblr securing it up or Tumblr not screwing it up and so [TS]

00:41:49 ◼   ► you can look at some of my Twitter where twitter twitter had a similar growth [TS]

00:41:54 ◼   ► patterns tumblr about a year and a half before it and rather than get acquired [TS]

00:42:00 ◼   ► and some kind of massive mega-deal like this twitter has has led to just keep [TS]

00:42:05 ◼   ► going independently and and you know try to make a profit reliably and and and [TS]

00:42:11 ◼   ► you know maybe eventually have an IPO who knows but you can look at what [TS]

00:42:16 ◼   ► winners had to do to pull that off and it's really angered a lot of people [TS]

00:42:20 ◼   ► included so you have to consider also you know what of tumblr didn't get [TS]

00:42:27 ◼   ► acquired right now what would the next few years of tumblr look like and the [TS]

00:42:34 ◼   ► company was growing so quickly and as a result of course I'm sure again this is [TS]

00:42:39 ◼   ► not based on inside information I i assume their costs were growing a lot [TS]

00:42:44 ◼   ► too and the problem is right now Facebook's IPO was a huge disappointment [TS]

00:42:52 ◼   ► before that Zynga's IPO was a huge disappointment and a huge [TS]

00:42:59 ◼   ► disappointments [TS]

00:43:00 ◼   ► big consumer web tech companies having IPOs have not done very well recently [TS]

00:43:06 ◼   ► and so when your company gets really really big to the point where almost [TS]

00:43:11 ◼   ► nobody can afford to buy you any more like Twitter is a great example when you [TS]

00:43:17 ◼   ► think about what they have to do you know if if they have to keep raising [TS]

00:43:22 ◼   ► money from investors those investors going to start thinking about what's the [TS]

00:43:24 ◼   ► exit plan here you know how we ever gonna get this [TS]

00:43:27 ◼   ► get a good return on this money you know if we're gonna be dropping you know [TS]

00:43:31 ◼   ► hundreds of millions of dollars into your company if the IPO market isn't [TS]

00:43:35 ◼   ► very good you know if if our out if are possible outcome is what happened to [TS]

00:43:39 ◼   ► Facebook with their crappy botched IPO than you know that's not very good for [TS]

00:43:45 ◼   ► the investor so I think it's probably hard to raise money when you're that big [TS]

00:43:50 ◼   ► of a company I kind of reasonable terms and that's why I think we see what [TS]

00:43:55 ◼   ► Twitter's been doing this past year to is trying to make a lot of money as [TS]

00:44:01 ◼   ► quickly as they possibly can so again this is not based on inside information [TS]

00:44:06 ◼   ► the speculation but I think it's probably worth considering whether [TS]

00:44:12 ◼   ► tumblr would have reached that point and if so when [TS]

00:44:15 ◼   ► and now that Yahoo has bought it if they were gonna be anywhere near that point [TS]

00:44:22 ◼   ► they probably wouldn't be any more or at least the pressure will be significantly [TS]

00:44:26 ◼   ► reduced in the times gonna be more flexible not to say that Yahoo has [TS]

00:44:30 ◼   ► bottomless pockets but you know Yahoo can afford for this unit of their [TS]

00:44:36 ◼   ► business to lose money for a few quarters are for a few years before it [TS]

00:44:40 ◼   ► starts making money or as an independent company can't really do that very well [TS]

00:44:44 ◼   ► you can but then I mess up your finances and so this is not a great time to be a [TS]

00:44:51 ◼   ► company like Twitter where the hope of an IPO making a big is pretty low and [TS]

00:44:58 ◼   ► you're so big nobody can by you and you can only raise money on good terms [TS]

00:45:02 ◼   ► anymore so that's why Twitter kinda had to do what it did to be bought and I [TS]

00:45:10 ◼   ► didn't want to be but most people could afford [TS]

00:45:13 ◼   ► you know most most people who were likely to want to buy Twitter whenever [TS]

00:45:17 ◼   ► really hard time justifying a kind of purchase and Twitter doesn't want to be [TS]

00:45:21 ◼   ► like you said that was a decision so that's different than not being able to [TS]

00:45:25 ◼   ► like me on facebook the same thing face because the classic example where we got [TS]

00:45:28 ◼   ► who's speaking of wanted to buy facebook four tons of money at various points and [TS]

00:45:34 ◼   ► taste said no and that was you know that was his call and it seemed at the time [TS]

00:45:39 ◼   ► but now Facebook is much bigger than they were then and you know worked out [TS]

00:45:43 ◼   ► for him [TS]

00:45:44 ◼   ► Twitter seem to follow the same playbook people wanted to buy them they said no [TS]

00:45:47 ◼   ► we want to go to longer going to be the next Facebook and now we're waiting to [TS]

00:45:50 ◼   ► see if that's the case so yes i know im so I think you can make a pretty good [TS]

00:45:56 ◼   ► case for why tumblr benefits from Yahoo because there's this whole set of [TS]

00:46:04 ◼   ► massive financial pressures that not to say that that all pressure off them but [TS]

00:46:11 ◼   ► now they have a lot more flexibility in that presumably and plus a look at what [TS]

00:46:18 ◼   ► you what tumblr has tumblr has like you know all these users and all his [TS]

00:46:23 ◼   ► relevance on these cool people in all this hip content being created all this [TS]

00:46:27 ◼   ► engagement and they don't really have much of an ad sales force yet as Yahoo [TS]

00:46:33 ◼   ► has a massive ad sales force and they're desperate for use of engagement so again [TS]

00:46:37 ◼   ► I think it makes a lot of sense why do companies go together and you look at it [TS]

00:46:42 ◼   ► from Yahoo's point of view and as an outsider a look at Yahoo and think [TS]

00:46:46 ◼   ► here's a company that nobody pays attention to any more and I think on [TS]

00:46:50 ◼   ► their news call this said that their average demographic is is getting older [TS]

00:46:53 ◼   ► and that's not good form for money so like you see this company kinda losing [TS]

00:46:59 ◼   ► relevance and and just like if Yahoo News Service [TS]

00:47:05 ◼   ► even talked about it nobody blogs about it and none of the geeks like us even [TS]

00:47:09 ◼   ► try it and so they they have to make drastic moves to get more relevance and [TS]

00:47:17 ◼   ► to get back on track [TS]

00:47:18 ◼   ► they also need the social network they did you know that Google has Google+ [TS]

00:47:22 ◼   ► which might or might not be actually used but they at least have it they have [TS]

00:47:26 ◼   ► database table somewhere with a lot of ideas and that's why they call [TS]

00:47:29 ◼   ► themselves users Facebook has itself having social really Xbox Live ok that's [TS]

00:47:39 ◼   ► something that's sort of sort of a few pieces here and there but Xbox Live is [TS]

00:47:45 ◼   ► not a piece that's full-fledged social but yeah a little bit I don't know why I [TS]

00:47:49 ◼   ► think it's a little bit different but OK [TS]

00:47:53 ◼   ► that they have some good pieces I think Yahoo need something like that and so [TS]

00:47:58 ◼   ► now the habit so you can look at all these things there's a lot of reasons [TS]

00:48:02 ◼   ► why these companies benefit from each other without even considering the money [TS]

00:48:06 ◼   ► aspect of how much they bought it for so much about it for I have no idea what is [TS]

00:48:11 ◼   ► based on you have no idea that's based on it doesn't really matter honestly [TS]

00:48:13 ◼   ► like it matters to the shareholders but it doesn't really matter to the world [TS]

00:48:17 ◼   ► you know how much you paid for it would be fun to see the slides though because [TS]

00:48:21 ◼   ► you know there is a slight it says we protect the value of our people over [TS]

00:48:24 ◼   ► this amount of times this amount of money so we feel that by his company [TS]

00:48:27 ◼   ► you're buying the future you know like you know this BS graphic explaining why [TS]

00:48:33 ◼   ► 1.1 doing this the number is not one billion but you know all those are all [TS]

00:48:38 ◼   ► in all those grass like the along the x-axis the thing at the left edges like [TS]

00:48:43 ◼   ► the current and everything else is the future so just like projections of [TS]

00:48:47 ◼   ► fantastical future they may or may not come to pass will also keep in mind too [TS]

00:48:52 ◼   ► like there's a lot of value here not just you know there's value to Yahoo in [TS]

00:48:57 ◼   ► buying this particular social network site publishing thing because they [TS]

00:49:02 ◼   ► didn't have a social network and there aren't that many that are meaningfully [TS]

00:49:05 ◼   ► size that they can afford that's one big problem they have why they are they [TS]

00:49:09 ◼   ► really going to Tumblr one reason why I told him I might need to guide you in [TS]

00:49:12 ◼   ► particular to be the buyer gonna sell is the Yahoo is in this place of humility [TS]

00:49:19 ◼   ► and change and progress and I know David pretty well and David David is not [TS]

00:49:25 ◼   ► somebody who wants to be told what to do with this product constantly you know [TS]

00:49:29 ◼   ► he's gonna want his own say and from all the reports that sounds like you know he [TS]

00:49:33 ◼   ► Marissa Meyer see eye-to-eye lot and he got [TS]

00:49:36 ◼   ► you know he's locked into work for them for a little while and and and she's you [TS]

00:49:41 ◼   ► know she was apparently promising some kind of autonomy or at least you know [TS]

00:49:45 ◼   ► giving him a good good amount of authority so it matters like who buys [TS]

00:49:50 ◼   ► you but if you look at one of the reasons why why you might wanna Saudi [TS]

00:49:54 ◼   ► Yahoo instead of say Google it because Google has not shown that the very good [TS]

00:49:59 ◼   ► acquire and are so many things that go bump my Google and then either get [TS]

00:50:03 ◼   ► stagnated or shut down or the people get annoyed about internal stuff and they [TS]

00:50:08 ◼   ► leave so you know if it matters who buys you and if you care about your future [TS]

00:50:14 ◼   ► happiness and the future health of your product you gotta make sure you sell it [TS]

00:50:17 ◼   ► to somebody who works right you gotta make sure that you sell to somebody who [TS]

00:50:22 ◼   ► you trust to to be decent to work with and to do well but the product you can't [TS]

00:50:28 ◼   ► sell to anybody willing to pay a good price [TS]

00:50:30 ◼   ► Yahoo would have been much better off tho buying the Tumblr as it existed [TS]

00:50:35 ◼   ► several years ago like you do you really want you really bad idea is to buy the [TS]

00:50:39 ◼   ► hip new things just as its kind of breaking like as I almost feel like [TS]

00:50:44 ◼   ► Tumblr not the time to time has passed but tumblr has already gotten to the [TS]

00:50:48 ◼   ► point where you need to spend a billion to get it right because if you look at [TS]

00:50:51 ◼   ► the graphical user wrote you would really love to about it before the [TS]

00:50:54 ◼   ► little needy and in the graph right then you feel like you got in on something on [TS]

00:51:01 ◼   ► the ground floor and it just takes off while you have it where the worst-case [TS]

00:51:03 ◼   ► scenario tumblr is it's massively popular now it was a big thing everyone [TS]

00:51:08 ◼   ► has a temper is really popular and then just like tapers off like you bought at [TS]

00:51:11 ◼   ► the top of the market [TS]

00:51:12 ◼   ► draw something that I mean that was that was an example of being by a terrible [TS]

00:51:18 ◼   ► acquire that everybody hates that screws everything up that's why we can laugh at [TS]

00:51:21 ◼   ► it because like who cares if Zynga loses money like this horrible people that [TS]

00:51:28 ◼   ► companies like nobody cares if I mean it like in this deal like you had to think [TS]

00:51:33 ◼   ► in this deal of marcos you know it's taken tumblr side would you rather be [TS]

00:51:38 ◼   ► Yahoo that now on tumblr would you rather be the investors are employees of [TS]

00:51:41 ◼   ► tumblr you too much rather be just as hard for me to look at this in any way [TS]

00:51:45 ◼   ► tumblr people got the better half of the steel but see I don't know I really do [TS]

00:51:50 ◼   ► think that I think Yahoo needed this to my I think both companies are doing [TS]

00:51:55 ◼   ► quite well as a result of this but like Yahoo now has to deliver whereas tumblr [TS]

00:51:59 ◼   ► like made an amazing product they got really big they got sold on trade terms [TS]

00:52:04 ◼   ► of birds seem to be very favorable to them and like a very success or even [TS]

00:52:08 ◼   ► matter what happens from now on and Yahoo it remains to be seen like their [TS]

00:52:12 ◼   ► future is still to be written the pressure is now on them to us they said [TS]

00:52:15 ◼   ► not screwed up that's certainly true but you know just looking at like who got [TS]

00:52:21 ◼   ► their money's worth here looks like a pretty pretty good mutual benefit anyway [TS]

00:52:26 ◼   ► speaking of business terms actually pretty cool this is a sponsor is Windows [TS]

00:52:35 ◼   ► Azure mobile services now because you're all probably nerds like us you've [TS]

00:52:40 ◼   ► probably heard this advertising other nerdy podcasts and other blogs but this [TS]

00:52:44 ◼   ► is this is interesting Windows Azure mobile services by Microsoft guests [TS]

00:52:48 ◼   ► Microsoft make it faster and easier to build a cloud powered iOS app so it's [TS]

00:52:56 ◼   ► basically a cloud platform you write the code in Java Script actually it's [TS]

00:53:01 ◼   ► believed to have a node NodeJS interface as well as I believe a couple of [TS]

00:53:06 ◼   ► languages sorry about not knowing that that wasn't part of the script but I [TS]

00:53:12 ◼   ► heard it was pretty cool they take care of the glue code necessary for storing [TS]

00:53:17 ◼   ► data in the cloud and authenticating users via Facebook or Twitter and even [TS]

00:53:21 ◼   ► sending Apple's push notifications and if you've written push notification code [TS]

00:53:26 ◼   ► and haven't having to having to deal with all those various tickets and [TS]

00:53:30 ◼   ► everything you'll know that this is this is great to have someone else do this [TS]

00:53:33 ◼   ► for you so anyway mobile services you can I pushed your app it's a single [TS]

00:53:38 ◼   ► command post are a pianist dots and you can see the API pretty awesome you know [TS]

00:53:45 ◼   ► you shouldn't need to build your own massive server infrastructure if you [TS]

00:53:49 ◼   ► don't want to you know it's nice to have options we've talked about this in the [TS]

00:53:52 ◼   ► show in the past and one of the people's blood by this before it was talked about [TS]

00:53:55 ◼   ► is Brent Simmons and Brent Simmons actually is [TS]

00:53:58 ◼   ► kind of a spokesperson for Windows Azure mobile services he he did a few videos [TS]

00:54:04 ◼   ► for them you can see if you go to the site go to Windows Azure dot com slash [TS]

00:54:09 ◼   ► iOS and you can go see Brandt talking in videos showing how to do this and what [TS]

00:54:15 ◼   ► this can do it's pretty awesome you know it's it's we think of Microsoft is being [TS]

00:54:20 ◼   ► this company that we as Mac people can kind of ignore but they're good they're [TS]

00:54:25 ◼   ► getting to the server business in the service of business pretty well and this [TS]

00:54:28 ◼   ► is worth looking at I i I tell myself it looks pretty interesting so anyway if [TS]

00:54:35 ◼   ► you looking to build an iOS app or the connection at you already have to the [TS]

00:54:38 ◼   ► cloud [TS]

00:54:39 ◼   ► take a look at as your mobile services you can start today for free so good a [TS]

00:54:43 ◼   ► Windows Azure dot com slash iOS and thanks again for sponsoring the show [TS]

00:54:48 ◼   ► used to be like when these things like ec2 and other services first came out [TS]

00:54:55 ◼   ► and I was like oh well this is great you know I won't have to setup man serving I [TS]

00:54:58 ◼   ► can try this thing with people who are ya but if you ever wanna be like a real [TS]

00:55:01 ◼   ► player on the internet you have to do all this yourself now the real players [TS]

00:55:05 ◼   ► use easy to write and now like I was just reading you know some Twitter [TS]

00:55:09 ◼   ► something saying the netflixs something like twenty thousand ec2 instances like [TS]

00:55:13 ◼   ► there's no there's no one like you know you got to play with the big boys [TS]

00:55:17 ◼   ► Netflix is a big boy like a third of all internet traffic and something that was [TS]

00:55:22 ◼   ► never an easy to like that you know back in the nineties you Marc Andreessen or [TS]

00:55:27 ◼   ► whatever [TS]

00:55:27 ◼   ► saying like in the future we're all going to buy computing services are like [TS]

00:55:31 ◼   ► you know i i at a retail and biamby compute and storage in the cloud in like [TS]

00:55:37 ◼   ► Yeah Yeah Yeah right and then like without us noticing that it's basically [TS]

00:55:40 ◼   ► happens on things like Windows Azure and everything like I think a lot of people [TS]

00:55:45 ◼   ► who are least people my age look at it like that's fine and everything but like [TS]

00:55:49 ◼   ► I really want my my iOS a position to be like a serious apps are going to do this [TS]

00:55:55 ◼   ► myself because you know those things are just people who are just starting out no [TS]

00:55:58 ◼   ► like the biggest companies in the world are using these type of retail [TS]

00:56:03 ◼   ► infrastructure services [TS]

00:56:05 ◼   ► if they're good enough for Netflix believe me they're gonna figure you're [TS]

00:56:09 ◼   ► feeling a lot of this year we talked a lot about this stuff and development [TS]

00:56:14 ◼   ► whenever technology is gonna move up the stack and get further away from the bare [TS]

00:56:19 ◼   ► metal and in some kind of way you see it with language is going from from [TS]

00:56:23 ◼   ► assembly to see to higher level stuff and memory manage stuff and as always [TS]

00:56:28 ◼   ► these arguments about this new thing is only for you know X small segment or or [TS]

00:56:34 ◼   ► only for you know new people to programming or whatever and then you see [TS]

00:56:39 ◼   ► those things always slowly become a hipster because like you know it [TS]

00:56:43 ◼   ► actually looking at you start realizing well these days it really isn't worth it [TS]

00:56:47 ◼   ► for almost anybody to write assembly language and and you know something [TS]

00:56:51 ◼   ► server side stuff you see like it's already almost not worth it frame by [TS]

00:56:55 ◼   ► Article ok server to actually unit actually buy a physical server and put [TS]

00:56:59 ◼   ► it somewhere like that that's worth doing for almost nobody and even [TS]

00:57:04 ◼   ► dedicated servers now I mean I've been a huge dedicated server fan for years and [TS]

00:57:08 ◼   ► years and years just like you know just leasing a dedicated server somewhere [TS]

00:57:11 ◼   ► that's that's meant the harbor is maintained by somebody else even that [TS]

00:57:14 ◼   ► though is really hard to justify today cos VPS are so good and cheap and now [TS]

00:57:20 ◼   ► you have the other platforms you have as your you have things like Heroku for [TS]

00:57:23 ◼   ► reals and and and your PC to a look at a lower level and things that are built on [TS]

00:57:29 ◼   ► ec2 like I think her but you know you have all these days new iCloud at [TS]

00:57:34 ◼   ► platforms where you don't even have to manage server instances anymore you [TS]

00:57:38 ◼   ► don't have too many virtual servers anymore there's even these things are [TS]

00:57:41 ◼   ► getting abstracted away and and it's it's gone way beyond like tinkering [TS]

00:57:46 ◼   ► hobbyist territory to the point where as johnnie said there's a lot of serious [TS]

00:57:49 ◼   ► stuff that's built on this and and it's you know it's it's no longer just for [TS]

00:57:54 ◼   ► newbies to programming but it happens to be really nice if you are correct it [TS]

00:58:00 ◼   ► seems to me like with every movement up the stack all the old-timers say you [TS]

00:58:06 ◼   ► whippersnapper zand not having to worry about memory management oh you're a [TS]

00:58:10 ◼   ► bunch of wimps and then eventually everyone realizes you know what [TS]

00:58:14 ◼   ► working memory kinda sucks [TS]

00:58:16 ◼   ► and I don't do that and so this is just another example of that and as her in [TS]

00:58:23 ◼   ► particular group were posted [TS]

00:58:25 ◼   ► linked list post earlier tonight about how if you think heavily paraphrasing [TS]

00:58:32 ◼   ► but if you think that Microsoft needs to go forward and it needs to do so in [TS]

00:58:37 ◼   ► arguably two categories one is services and one is devices will you could easily [TS]

00:58:43 ◼   ► argue that Azure is the services component and as a hopefully decent [TS]

00:58:49 ◼   ► segue into our next topic [TS]

00:58:51 ◼   ► the Xbox is very likely going to be the device that brings Microsoft into the [TS]

00:58:56 ◼   ► post-pc era so which are you talking about the Xbox one Xbox 360 or the Xbox [TS]

00:59:03 ◼   ► one exactly I'm talking about the good one thats 359 less than the previous one [TS]

00:59:11 ◼   ► but it's still good in fact that supposed to be better I like despite [TS]

00:59:15 ◼   ► what john thinks I think it was a great system [TS]

00:59:18 ◼   ► the first Xbox the Ferrari love for her to call the Xbox you could have a more [TS]

00:59:26 ◼   ► enjoyable for you to that do you wanna talk about the Wii U's abysmal [TS]

00:59:31 ◼   ► performance at all but that hasn't sold any of them like they're having major [TS]

00:59:37 ◼   ► problems over there but nobody else I think I think maybe like a typical [TS]

00:59:42 ◼   ► actors item boy I did notice a in John's living room that not only to have the [TS]

00:59:50 ◼   ► two wheels of course still set up because I believe you mentioned [TS]

00:59:53 ◼   ► hypercritical second last episode while you're keeping the old way for some kind [TS]

00:59:56 ◼   ► of control issue but then on top of your TV you had both censor bars perfectly [TS]

01:00:00 ◼   ► stacked on top of each other centered exactly yeah but it would be nice if you [TS]

01:00:06 ◼   ► could share them but as tagged me throw off the balance like the better I was [TS]

01:00:10 ◼   ► just one and deal with it [TS]

01:00:12 ◼   ► first world problems II you intended to build the wrong thing so it's a bummer [TS]

01:00:20 ◼   ► for them [TS]

01:00:20 ◼   ► but the one thing to things and tender has going for it [TS]

01:00:25 ◼   ► 1 it is owned by people who are not history and foolish and like it or not [TS]

01:00:35 ◼   ► the windows like greedy shareholders who is one bad quarter it's time to sell the [TS]

01:00:38 ◼   ► whole company and start making you know fried dough instead or something right [TS]

01:00:42 ◼   ► and to have a lot of money in the bank I don't know if an internal privately held [TS]

01:00:46 ◼   ► some of the chatroom can tell me but that's not like you know it you s [TS]

01:00:49 ◼   ► companies we're like an apple for instance oh my god you're province did [TS]

01:00:53 ◼   ► you grow at the rate you said they're going to and now you're doomed and you [TS]

01:00:56 ◼   ► need to change something everyone panics and everything and they get slammed [TS]

01:00:59 ◼   ► right that's not the way it works I mean if that was the Nintendo would have sold [TS]

01:01:04 ◼   ► to a larger company years ago if they thought it that way but they don't [TS]

01:01:08 ◼   ► they're sort of you know very proud in it for the long haul not likely [TS]

01:01:11 ◼   ► acquisition targets and have money in the bank from all the good years so [TS]

01:01:16 ◼   ► hopefully they weather the storm [TS]

01:01:19 ◼   ► do terribly this generation of consoles and come out the other side with some [TS]

01:01:24 ◼   ► better ideas so what do you think about the Xbox won the second Xbox won the [TS]

01:01:30 ◼   ► deklerk's 123 but you can say it's the third Xbox Xbox 360 Xbox lenny is easy [TS]

01:01:39 ◼   ► very easy really you can plan a plan called Xbox to than just out someone [TS]

01:01:45 ◼   ► showed like you know it was being searched google image search of whatever [TS]

01:01:49 ◼   ► her Xbox so any and all you see pictures of marcos beloved bloated black and [TS]

01:01:54 ◼   ► green at sustain a loss of what I do that's what comes up because like I said [TS]

01:01:59 ◼   ► you're trying to text box one well that's the thing right now actually so [TS]

01:02:03 ◼   ► don't get him started don't do it man don't do it for framing for framing of [TS]

01:02:07 ◼   ► the stuff like you know the future of Microsoft thing devices and services [TS]

01:02:13 ◼   ► the only reason that framing comes up I think it's done so badly with its [TS]

01:02:20 ◼   ► desktop windows [TS]

01:02:22 ◼   ► and you know and the mobile space like forever because that's why logo well [TS]

01:02:27 ◼   ► okay so Microsoft has shown that they kind of people losing interest the [TS]

01:02:30 ◼   ► desktop in general and so Microsoft strength there is no longer interesting [TS]

01:02:35 ◼   ► and and mobile Microsoft has failed for years and continues not to get traction [TS]

01:02:39 ◼   ► despite the fact that they had a reasonably good product right so it's [TS]

01:02:42 ◼   ► like looking elsewhere ok well nevermind about that stuff [TS]

01:02:46 ◼   ► Microsoft 101 else if you got that might be good for those those are good and as [TS]

01:02:51 ◼   ► your that's really good you know it's like the younger products that are [TS]

01:02:54 ◼   ► actually doing well [TS]

01:02:56 ◼   ► pushed to the forefront mostly by their complete failure to make a crack in the [TS]

01:03:01 ◼   ► mobile market and the diminishment of the stock market so that's I guess a [TS]

01:03:07 ◼   ► positive spin on it was the future the company but I see it as a negative it's [TS]

01:03:11 ◼   ► like a man shouldn't shouldn't they be read in their slugging it out with [TS]

01:03:16 ◼   ► Android and iOS instead of like a distant third over if they are that's [TS]

01:03:20 ◼   ► kind of sad and depressing but do we know to go back to the moment do we know [TS]

01:03:25 ◼   ► that as your isn't making money like Xbox I think it's probably safe to say [TS]

01:03:30 ◼   ► that make good money off that but is as you're making money or his xbox Windows [TS]

01:03:35 ◼   ► and Office basically carrying all of Microsoft Azure looks like an investment [TS]

01:03:40 ◼   ► kinda like easy to wear in the beginning like you're investing in the future like [TS]

01:03:43 ◼   ► this business of retailing services is going to be a good one and by all [TS]

01:03:48 ◼   ► accounts a user is a good product and people like it and it is providing [TS]

01:03:52 ◼   ► something that that mark is not that crowded how many people have the ability [TS]

01:03:57 ◼   ► to provide what has your provides you can't just start to start up in your [TS]

01:04:00 ◼   ► garage provide what they what they did was it especially their case likely [TS]

01:04:03 ◼   ► require such tight integration of like they control the OS and like the the [TS]

01:04:07 ◼   ► metal platform that we have it all together and I need data centers need [TS]

01:04:10 ◼   ► all that stuff [TS]

01:04:12 ◼   ► Amazon bootstrap thing by having a very successful very very high revenues not [TS]

01:04:17 ◼   ► profit online store and let them build easy to use it as your I'm sure has been [TS]

01:04:23 ◼   ► funded by all the profits from office [TS]

01:04:26 ◼   ► places Microsoft make some money but it's a good investment in the future so [TS]

01:04:29 ◼   ► I don't think microsoft's logo man when is that going to make money I think they [TS]

01:04:33 ◼   ► are just like just make the product better get people to use it because this [TS]

01:04:36 ◼   ► is clearly a thing that people want and very few other people are providing it [TS]

01:04:40 ◼   ► so we can make a good product in the space and only two or three other people [TS]

01:04:43 ◼   ► in space we feel good about it so I think they're okay with that [TS]

01:04:49 ◼   ► so is the Xbox 1221 xbox Xbox is that any good does that excite you at all or [TS]

01:04:57 ◼   ► not so much it's kind of boring that all of the predictions about what the [TS]

01:05:02 ◼   ► current generation of console would be came out to be true but you know that's [TS]

01:05:06 ◼   ► the day that's the world where everything is and we write stuff so it's [TS]

01:05:12 ◼   ► exactly the box that run thought it would be got this text everyone thought [TS]

01:05:15 ◼   ► it would have this speculation of all why does it have the specs like way back [TS]

01:05:22 ◼   ► when asked why does it have a gig of ram when the ps4 supposedly has foreign some [TS]

01:05:27 ◼   ► people thought the ps4 was going down for before the actual announcement that [TS]

01:05:31 ◼   ► it also has a well the reason that the new Xbox is going to have eight is [TS]

01:05:35 ◼   ► because it's not just gonna be a game console their own also wanted to grant [TS]

01:05:38 ◼   ► all sorts of home entertainment TV time functionality in it and that totally [TS]

01:05:43 ◼   ► made sense because Xbox it's not the most popular Netflix ps3 is actually [TS]

01:05:49 ◼   ► more popular than a bit like Microsoft likes to sell you stuff through the Xbox [TS]

01:05:53 ◼   ► it also you can buy movies music and also some other things I believe you can [TS]

01:05:58 ◼   ► watch or not flex like it is it's it's a gateway to do things that are not gaming [TS]

01:06:03 ◼   ► so it made perfect sense that Microsoft's next console would go [TS]

01:06:07 ◼   ► further in that direction is why wouldn't they like they have a popular [TS]

01:06:10 ◼   ► service to people like that they can sell you things through and you know it [TS]

01:06:15 ◼   ► and i also have to play games they would clearly go forward that's our place as [TS]

01:06:19 ◼   ► it turned out both the ps4 and Xbox one and the same amount of RAM but as [TS]

01:06:25 ◼   ► predicted the Xbox one does all kinds of TV stuff you know [TS]

01:06:29 ◼   ► integrated TV experience with Skype are relying on the side of your television [TS]

01:06:33 ◼   ► and [TS]

01:06:34 ◼   ► being able to have an electronic program guide and also those things and that's [TS]

01:06:38 ◼   ► what they're like this whatever this was press conference and that's what they're [TS]

01:06:41 ◼   ► promoting they said we'll tell you more about the games at e3 which is the [TS]

01:06:44 ◼   ► gaming focus conference today we're gonna tell you about all these great TV [TS]

01:06:48 ◼   ► features and they did and I mean if you look at the thing that looks like an [TS]

01:06:52 ◼   ► HDTV like it's a big rectangular square looking thing it does not look like a [TS]

01:06:58 ◼   ► dedicated gaming system because it really is and it's a game console it [TS]

01:07:02 ◼   ► also does a whole bunch of other things as well I'm kind of happy that the US [TS]

01:07:07 ◼   ► now phase of console gaming is over I'm hoping is over where everyone had to [TS]

01:07:12 ◼   ► make their console shaped like some weird thing because boxes you can stack [TS]

01:07:16 ◼   ► on top of each other but everything is shaped like a snail you can find [TS]

01:07:19 ◼   ► someplace to wage of things in like it sideways or vertically you can't put 23 [TS]

01:07:23 ◼   ► sixties 360 and Playstation 3 and Wii is kind of Starbucks blonde top choice and [TS]

01:07:31 ◼   ► hopefully the ps4 is also rectangular shape than me on a fighting chance of [TS]

01:07:35 ◼   ► sticking things in our home entertainment centers but for the most [TS]

01:07:39 ◼   ► part it's because it's what everyone predicted now it's kind of like a [TS]

01:07:43 ◼   ► wait-and-see type thing ok well can you sell millions and millions of these [TS]

01:07:46 ◼   ► things because you can and it works as advertised [TS]

01:07:50 ◼   ► now you have a special game console and a way to sell stuff to people throughout [TS]

01:07:55 ◼   ► the game and that sort of the ball in his court was ok well go you tried to do [TS]

01:08:00 ◼   ► Google TV and it's up to know about it so tough luck on that Apple you keep [TS]

01:08:04 ◼   ► this is rumors about television stuff and you have Apple TV but so far you [TS]

01:08:09 ◼   ► know there's no absolute at [TS]

01:08:11 ◼   ► and the things you sell through it are you suffering from the iTunes Store but [TS]

01:08:14 ◼   ► natural experts not quite the same thing as it could be you know where you take [TS]

01:08:19 ◼   ► an entire television provider program guide and you know being a gateway for [TS]

01:08:23 ◼   ► the Xbox juan has HDMI input like that is the if you had to express its [TS]

01:08:29 ◼   ► philosophy in terms of one hardware future that's what it would be doesn't [TS]

01:08:33 ◼   ► just send a signal to your television where you can see the out but it takes [TS]

01:08:35 ◼   ► input wants to be the center of your television watching experience did you [TS]

01:08:42 ◼   ► see the supercut that somebody did of the press conference where it was like a [TS]

01:08:47 ◼   ► minute and a half long and it was just every time I said the word TV or [TS]

01:08:50 ◼   ► television that it was every time they said sports I believe and then was every [TS]

01:08:55 ◼   ► time they said call of duty and it lasted like a minute and a half and it [TS]

01:08:57 ◼   ► was hysterical I trust trying to watch the actual thing before so the supercut [TS]

01:09:03 ◼   ► yeah like if you're a gamer your watch it or tell me about the games right but [TS]

01:09:11 ◼   ► you know Microsoft clearly thinks that it's not the gaming part of it is it is [TS]

01:09:18 ◼   ► only perhaps equally important to the nine-game parts of it and from boxes [TS]

01:09:26 ◼   ► connected TV the Xbox one comes maybe 50% of the way to what I've always [TS]

01:09:34 ◼   ► wanted in the box and no no one will ever make any sense economically for [TS]

01:09:39 ◼   ► them but it would be great for me as my on everest box where I wanted to take [TS]

01:09:43 ◼   ► all the millions of places that entertainment can come to me send them [TS]

01:09:48 ◼   ► all into this one box and provide me with a single unified interface to all [TS]

01:09:52 ◼   ► those things so I don't have to change fifty different in putting his seven [TS]

01:09:56 ◼   ► different modes and deal with all these different services I just want something [TS]

01:09:59 ◼   ► to paper over that mess for me actually goes home theater receivers almost do [TS]

01:10:04 ◼   ► that they don't paper over they just provide your way to automatically switch [TS]

01:10:08 ◼   ► inputs into a guy I wanted to surprise you know a single unified really nice [TS]

01:10:12 ◼   ► interface to hide the fact that these are totally destroy service is owned by [TS]

01:10:16 ◼   ► competing companies that hate each other [TS]

01:10:18 ◼   ► have varying degrees of competence and in creating their hardware and their [TS]

01:10:21 ◼   ► software just hide all that for me because like you know you want something [TS]

01:10:25 ◼   ► better probably going to be great if you didn't have a different sources for this [TS]

01:10:28 ◼   ► crap in the Dena stock like okay well we can't solve that everything all still [TS]

01:10:32 ◼   ► sucks and is it busy wires behind me but they all go into this one awesome box [TS]

01:10:36 ◼   ► and makes it look beautiful in Google TV try to do that but socked and Xbox one [TS]

01:10:41 ◼   ► does happen it like it tries to say okay well you and watch TV 3d TV in fact your [TS]

01:10:48 ◼   ► cable box and put it into the Xbox one and just talk to your Xbox one or use [TS]

01:10:53 ◼   ► the remote in your phone to Riverview know just what you want to watch it will [TS]

01:10:56 ◼   ► switch to it that's good you're trying to unify the world of crap by Hal I have [TS]

01:11:00 ◼   ► a cable thing that I have to pay for I pay for FiOS TV and go in the back of [TS]

01:11:04 ◼   ► Xbox one and it lets me control watching TV but no DVR functionality in the Xbox [TS]

01:11:09 ◼   ► one so if you want something that's not on right now what if I believe you are [TS]

01:11:14 ◼   ► watching TV DVR back into playing now you don't really have control the DVR [TS]

01:11:20 ◼   ► through Xbox Mon and tonight we have two inputs for life television and the new [TS]

01:11:24 ◼   ► record stuff [TS]

01:11:25 ◼   ► flex their consuming an application but what are you using different strings [TS]

01:11:29 ◼   ► Amazon streaming service what about Hulu Plus like they're not it's not Xbox one [TS]

01:11:36 ◼   ► is not I'm never sits a picky eater it will take a couple of select input to [TS]

01:11:40 ◼   ► unify them a particular way but I can't imagine anyone who's in the market for [TS]

01:11:44 ◼   ► an expired one specially gonna buy them lunch who is not still going to be [TS]

01:11:47 ◼   ► switching inputs to get things done they want to get done so it's a step in the [TS]

01:11:51 ◼   ► right direction but the lack of time shifting in particular makes it a [TS]

01:11:56 ◼   ► non-starter for me like it's not going to unify my life [TS]

01:11:59 ◼   ► the thing that struck me about what you just said is that when you're describing [TS]

01:12:04 ◼   ► this on numerous box that consumes all these different services for a flash I [TS]

01:12:09 ◼   ► felt like you were describing the Apple TV and I know I'm oversimplifying and I [TS]

01:12:13 ◼   ► know Apple TV doesn't consume traditional terrestrial TV and it [TS]

01:12:18 ◼   ► doesn't can see in a dozen play games or arbitrary absent you may want to do but [TS]

01:12:22 ◼   ► to a large degree I almost feel like the Apple TV is trying to do exactly that if [TS]

01:12:27 ◼   ► you look at the fact that it has Netflix and Hulu Plus it has MLB TV if I'm not [TS]

01:12:31 ◼   ► mistaken [TS]

01:12:32 ◼   ► as NHL TV it has all these different things and it's one interface that you [TS]

01:12:38 ◼   ► know that that will expose off them in and a quarter of the stuff because I [TS]

01:12:43 ◼   ► call ya my television that i watch comes through my stupid bundled Cape Coral [TS]

01:12:49 ◼   ► Gables even those files a subscription I pay for like all these premium channels [TS]

01:12:54 ◼   ► a paper HBO pay for Showtime and all that stuff and you know they have him [TS]

01:12:59 ◼   ► put a video input it is merely an internet plan that's what i'm talking [TS]

01:13:02 ◼   ► bout like well the real solution is not to have all the programming spread all [TS]

01:13:06 ◼   ► over the place and have these stupid cable TV cartel bundling deals that just [TS]

01:13:11 ◼   ► force you to have all these channels like yes that is the real solution the [TS]

01:13:14 ◼   ► resolution is to get rid of all these huge entrenched interest with you know [TS]

01:13:18 ◼   ► infrastructure contracts but like it's not happening it's hard to get rid of [TS]

01:13:22 ◼   ► them so in the interim while we're waiting for the world to realign it [TS]

01:13:26 ◼   ► would be nice if someone to make something that could would just tackled [TS]

01:13:32 ◼   ► the incredibly hard problem taking all these things and unifying them and [TS]

01:13:36 ◼   ► providing a better experience you know I maybe maybe that's never gonna happen [TS]

01:13:40 ◼   ► maybe maybe the Apple TV is the only possible play it's like it's not on the [TS]

01:13:44 ◼   ► internet you deal with yourself tonight will try to bring it through an Xbox one [TS]

01:13:48 ◼   ► is like okay well we'll we'll have our under that services are going to tell [TS]

01:13:51 ◼   ► you and will resell you know Netflix and every 30 but I don't think they have a [TS]

01:13:54 ◼   ► deal Hulu I don't think they have a deal with Amazon and they'll take in your [TS]

01:13:59 ◼   ► cable boxes output but I don't think they have any control of your DVR and [TS]

01:14:03 ◼   ► I'm not sure how the integrated you have a DVR with your cable system and it's [TS]

01:14:06 ◼   ► it's just one more complication [TS]

01:14:09 ◼   ► you know it's not it's not a simplification of anyone's life I don't [TS]

01:14:13 ◼   ► think especially with all these gestures and voice controls so you're saying is [TS]

01:14:20 ◼   ► you want a company to take something that's extraordinarily complex make it [TS]

01:14:28 ◼   ► really really simple and make it pretty do we know any companies that may be [TS]

01:14:32 ◼   ► interested in [TS]

01:14:33 ◼   ► back in 2005 r6 unlike boy you know Apple in a TiVo is really falling down [TS]

01:14:40 ◼   ► I would love it if you would make something like this but then Steve Jobs [TS]

01:14:43 ◼   ► going to the All Things D conference and I think it was 2008 or something and [TS]

01:14:46 ◼   ► someone in the audience asked a similar question and he said flat out we're not [TS]

01:14:50 ◼   ► gonna make that thing because the business model makes no sense and I [TS]

01:14:54 ◼   ► agree with him his reasoning was virtually sound like this the reason [TS]

01:14:57 ◼   ► this thing doesn't exist one super hard and too because like you can't usne ray [TS]

01:15:05 ◼   ► can't be done with all these cable companies are not going to give you [TS]

01:15:08 ◼   ► their programming and and the cable companies by the programming and his big [TS]

01:15:12 ◼   ► bundles that you can't afford to match the price of if you're going to sell [TS]

01:15:15 ◼   ► this thing to people I guess it's just can't be done in terms of the the money [TS]

01:15:20 ◼   ► so it's like well why would we ever make that we would lose money on it and it [TS]

01:15:23 ◼   ► would be really hard to to make work right and we would be basically trying [TS]

01:15:27 ◼   ► to usurp the value from companies hate us and have the ability to screw us by [TS]

01:15:31 ◼   ► changing how they do things you know that's why the box doesn't exist right [TS]

01:15:35 ◼   ► that's why TV is a big mess that's why we're all hoping for something better [TS]

01:15:39 ◼   ► and so this Xbox thing is I move in that direction but I don't buy the [TS]

01:15:46 ◼   ► simplification they were trying to sell them like that's the real reason bizzle [TS]

01:15:50 ◼   ► won an Xbox 1 I'm assuming this because in some meeting when the talking about [TS]

01:15:54 ◼   ► the name in like well what a crazy guys but [TS]

01:15:58 ◼   ► box one ever said what do you mean the first Xbox people called it now just [TS]

01:16:01 ◼   ► listen one box that would unify your entire television experience right [TS]

01:16:06 ◼   ► video conferencing browse the internet and Netflix play games watch live TV one [TS]

01:16:11 ◼   ► box does everything that's where I assume the one is coming [TS]

01:16:14 ◼   ► finish watching the press conference thing that I something to lean on that [TS]

01:16:19 ◼   ► and it falls short of fulfilling a dream it is not one box stores and you will [TS]

01:16:23 ◼   ► still be changing input just because the world of content you watching television [TS]

01:16:29 ◼   ► too so byzantine that it's almost impossible for one box to do everything [TS]

01:16:33 ◼   ► for you [TS]

01:16:34 ◼   ► yeah I guess the point I'm driving out is even though it doesn't make business [TS]

01:16:39 ◼   ► sense to potentially get an antagonistic relationship with content owners it [TS]

01:16:44 ◼   ► doesn't make business sense to try to conquer all these disparate systems [TS]

01:16:47 ◼   ► on the other hand it's a company like Apple that is used to selling what most [TS]

01:16:52 ◼   ► would consider expensive products and if you if Apple said to you John for a [TS]

01:16:58 ◼   ► thousand bucks or 1500 bucks we will make all those devices the TiVo in in [TS]

01:17:04 ◼   ► the Netflix and all that they will all be consumed by this one box and by the [TS]

01:17:08 ◼   ► way you can run apps on it so no you may not be able to play Halo on it but [TS]

01:17:12 ◼   ► you'll be able to play you know real racing on it would would you pony up [TS]

01:17:16 ◼   ► $1,000 $1,500 for that and i know im over simple question I mean I don't [TS]

01:17:21 ◼   ► think Apple could actually do like everything about what happens really [TS]

01:17:25 ◼   ► good at Apple's really good at editing what's possible deleting options [TS]

01:17:31 ◼   ► saying no to things to make something that's overall grade but limited in some [TS]

01:17:38 ◼   ► way and those limits make it great or unable to be great in other ways with [TS]

01:17:44 ◼   ► the TV business the TV industry whatever you know whatever this is if you say no [TS]

01:17:49 ◼   ► to anything you're out you know your irrelevant and and so imagine you know [TS]

01:17:54 ◼   ► if you have a cable company to launch without supporting a spin like they're [TS]

01:17:59 ◼   ► just like there's nothing that there's no way to succeed right and so like [TS]

01:18:03 ◼   ► people aren't used to not having everything with TV most people have [TS]

01:18:10 ◼   ► cable TV and they have a billion channels and if they want anything else [TS]

01:18:15 ◼   ► to it they just plug it in and that's fine if Apple were to come together and [TS]

01:18:19 ◼   ► say here's a box that does eighty percent of that no one's gonna behind it [TS]

01:18:25 ◼   ► or people already will buy it but only people who were you know who want just [TS]

01:18:30 ◼   ► happened that's that's what they already sell its Apple TV that's the play of [TS]

01:18:34 ◼   ► your Apple as you want to shift you want to shift people away you want to shift [TS]

01:18:37 ◼   ► their value away from these cable packages like cable cable companies have [TS]

01:18:41 ◼   ► nots not so much monopolies black duopoly is maybe one or two choices for [TS]

01:18:45 ◼   ► companies and have all this money and infrastructure and they're hard to [TS]

01:18:48 ◼   ► displace but if you can [TS]

01:18:50 ◼   ► their worst nightmare is to become dumb pipes for Internet connections and [TS]

01:18:53 ◼   ► that's what Apple wants to companies like 12 shift the value away from those [TS]

01:18:57 ◼   ► premiums [TS]

01:18:58 ◼   ► and towards content that's available over the internet because the internet [TS]

01:19:02 ◼   ► you know it's free for everybody or whatever it's not tied up with these [TS]

01:19:06 ◼   ► dunno so if we can just get like a house of cards Netflix person if we could have [TS]

01:19:11 ◼   ► Netflix in our box then we've got house of cards not popular content right and [TS]

01:19:15 ◼   ► HBO that's you know they can get HBO Go and finally we can airplane to our [TS]

01:19:19 ◼   ► television but still you need a cable subscription to get in like they're [TS]

01:19:23 ◼   ► trying to pull the value out of the hands of the cable companies into the [TS]

01:19:27 ◼   ► realm that they control rather than trying to say okay well we accept the [TS]

01:19:31 ◼   ► fact that right now cable companies have this valuable content and you have to [TS]

01:19:34 ◼   ► deal with watching one thing one place one thing either so let's try to make a [TS]

01:19:37 ◼   ► box in front of a market that's not the Apple philosophy philosophy is not just [TS]

01:19:41 ◼   ► a big mess and we will try to hide that from you it's we're gonna new world that [TS]

01:19:46 ◼   ► isn't a mess and we're just gonna go there and it will be up there headed you [TS]

01:19:51 ◼   ► and not a lot of people follow us but hopefully we'll be able to slowly drawn [TS]

01:19:55 ◼   ► the value out of that ecosystem and then one day care becomes a wake up and [TS]

01:19:59 ◼   ► realize hey wait a second if if we don't have a house of cards over the popular [TS]

01:20:04 ◼   ► Netflix thing is we're screwed and people don't want to buy cable package [TS]

01:20:08 ◼   ► because I say hey what about the popular show that I go but that's only available [TS]

01:20:12 ◼   ► for some internet TV thing I like it's a battle between same thing with a cap on [TS]

01:20:16 ◼   ► the phone carriers like every month every month the carriers who suck at [TS]

01:20:20 ◼   ► everything to be dumb pipes acceptable carriers themselves right so cell [TS]

01:20:25 ◼   ► carriers cable companies none of them want to be like utilities were you just [TS]

01:20:30 ◼   ► so we just bring you the Internet over a pipe and every other company entire [TS]

01:20:33 ◼   ► world this please just be a company that brings a fascination over dumb pipe and [TS]

01:20:36 ◼   ► let everyone else competes content with absent channels and stuff like that so [TS]

01:20:41 ◼   ► in this tragedy transition stage we just all suffer and I don't know who's going [TS]

01:20:46 ◼   ► to win that battle but I really hope it's not the carriers and cable [TS]

01:20:48 ◼   ► companies gunbattle a spokesman for a second one conversation I'd love to have [TS]

01:20:54 ◼   ► is is just the timing of this and and kinda generational aspects of this will [TS]

01:20:59 ◼   ► give you look the the Xbox 360 came out in 2005 and if you think about what kind [TS]

01:21:07 ◼   ► of world this was in 2005 you know think about [TS]

01:21:11 ◼   ► as I don't put it like that was before tumblr started so it seems like you know [TS]

01:21:17 ◼   ► it's been around for a while but the Xbox 360 has been around longer and that [TS]

01:21:23 ◼   ► would be for the iPhone came out that was before the entire smartphone [TS]

01:21:27 ◼   ► revolution like smartphones existed but only rich businesspeople had them [TS]

01:21:31 ◼   ► because they're really expensive and they sucked so that was so long ago that [TS]

01:21:36 ◼   ► the system was envisioned this is before Netflix streaming existed before almost [TS]

01:21:43 ◼   ► any streaming service for video existed I think certainly before May people used [TS]

01:21:47 ◼   ► them and it was before all these massive changes in how we entertain ourselves [TS]

01:21:55 ◼   ► how we get our video content how and where we watch videos and play games and [TS]

01:22:00 ◼   ► that's what we've been using all this time and when you know what will be [TS]

01:22:03 ◼   ► using [TS]

01:22:04 ◼   ► that's that's that's the game console type that's what that whole game comes [TS]

01:22:07 ◼   ► have been designed for a long time and Microsoft has been pretty good about [TS]

01:22:13 ◼   ► jumping on stuff with the Xbox they did they need to jump on quickly and well [TS]

01:22:19 ◼   ► like Xbox Live was the first good online place service for video game consoles [TS]

01:22:24 ◼   ► and might still be the only good one I don't know I don't know if the place is [TS]

01:22:29 ◼   ► one of the better but certainly Xbox Live is really good and people loved it [TS]

01:22:33 ◼   ► and people use it all the time and so and then you know once once you get [TS]

01:22:38 ◼   ► netflix on devices streaming the Xbox was on that and they they had that very [TS]

01:22:44 ◼   ► early on and it is very very common anything about you know how people are [TS]

01:22:49 ◼   ► are entertained themselves now how many people are are getting these things [TS]

01:22:53 ◼   ► using the 360 as a Netflix streaming device is an extremely inefficient use [TS]

01:23:00 ◼   ► of the hardware and you know said they were hearing the big fans and strong god [TS]

01:23:05 ◼   ► knows how many water slowly burning itself out secrets the red ring of death [TS]

01:23:09 ◼   ► michael has to replace that are you sue them all these this this whole mess of [TS]

01:23:13 ◼   ► of using something of that power level to do something relatively simple like [TS]

01:23:18 ◼   ► what Netflix's the people sitting there for hours a night doing that and so [TS]

01:23:23 ◼   ► obviously like [TS]

01:23:24 ◼   ► the previous type of console was designed in a way that doesn't really [TS]

01:23:28 ◼   ► match with how people do things in this day and age and this has been a very [TS]

01:23:33 ◼   ► long console generation so it seems like you know nintendo's with the Wii U [TS]

01:23:40 ◼   ► attempted to modernize it a little bit and just didn't really go far enough or [TS]

01:23:45 ◼   ► just didn't do it well enough for a compelling enough package I think sony [TS]

01:23:50 ◼   ► has done pretty well with the ps3 and it looks like the ps4 is really interesting [TS]

01:23:56 ◼   ► but we don't have a good execute yet I would say Microsoft looks like they're [TS]

01:24:00 ◼   ► in the best position to take the next eight years and actually have this [TS]

01:24:06 ◼   ► console be strong be relevant be well-liked be well thought I would say [TS]

01:24:11 ◼   ► looking at these three day we don't even know that much but the ps4 yet but just [TS]

01:24:15 ◼   ► looking at like like for instance there is there is great hardware analysis [TS]

01:24:20 ◼   ► today on on Anandtech international as well about the Xbox one announcement and [TS]

01:24:28 ◼   ► then what it means in there compared to ps4 announced hardware and it looks like [TS]

01:24:32 ◼   ► in general the Xbox one will have a less GPU power but will then also almost [TS]

01:24:40 ◼   ► definitely runway cooler and quieter as a result the thing about that the power [TS]

01:24:46 ◼   ► you suggest that the Xbox one is meant to be turned on all the time exactly [TS]

01:24:53 ◼   ► right and so they wanted to have lower sort of idle power whereas the ps4 is [TS]

01:24:58 ◼   ► still for the most part of pure gaming console and ps4 has a super low power [TS]

01:25:03 ◼   ► mode where it looks like it's basically off kind of like power nap on a Mac but [TS]

01:25:06 ◼   ► it still does not like download updates in the background stock so the ps4 usage [TS]

01:25:10 ◼   ► pattern as you go to use a u-turn on you do stuff you're trying to quote unquote [TS]

01:25:14 ◼   ► off and it's not really off but it's like basically completely dead silent no [TS]

01:25:18 ◼   ► fans anything like that and that's it sort of mode to be like you know the [TS]

01:25:22 ◼   ► overall power usage I think for UPS Store will be lower because you have it [TS]

01:25:25 ◼   ► in that take off most of the time whereas the Xbox one is procedures be on [TS]

01:25:30 ◼   ► all the time like [TS]

01:25:32 ◼   ► non-union time the television is on that thing is on because you're watching your [TS]

01:25:35 ◼   ► television through it so it can't be like the ps4 where it's in some super [TS]

01:25:40 ◼   ► duper low-power modes always gotta be on and some state in both of these things [TS]

01:25:43 ◼   ► as the Anandtech article said you are made with modern system on a chip set up [TS]

01:25:47 ◼   ► our getting the GPU is about to turn off execution units in cars that are not [TS]

01:25:51 ◼   ► running so they should all have much better kind of not idle power but no [TS]

01:25:55 ◼   ► power when they're not being asked to play the Xbox one had that had has kind [TS]

01:25:59 ◼   ► of like mid-level thing where it has this stripped-down OS 44 lower power [TS]

01:26:04 ◼   ► stuff like watching streaming video and and I think that's that's kind of an [TS]

01:26:09 ◼   ► acknowledgement that the way people use these things really often these days is [TS]

01:26:14 ◼   ► not for playing games for hours and turning it off and that's it it's like [TS]

01:26:18 ◼   ► maybe playing game for little bit but then every night watching an hour of [TS]

01:26:22 ◼   ► Netflix like that and use case now that I feel like it's really really smart for [TS]

01:26:28 ◼   ► Microsoft to be optimizing for that and Sony is like Sony's backer mode seems [TS]

01:26:32 ◼   ► like it's more for downloading game content it was like that's the thing is [TS]

01:26:36 ◼   ► basically off at that point the chips at work where is the Xbox on the whole [TS]

01:26:41 ◼   ► system on a chip is powered up in the things on its running it's running the [TS]

01:26:44 ◼   ► 20 S plus the hypervisor and everything all the time and at the game OSU not [TS]

01:26:48 ◼   ► playing game to game us not doing anything interesting there but it's all [TS]

01:26:51 ◼   ► you know everything is powered up and running [TS]

01:26:54 ◼   ► you're just relying on the fact that you can shut down like six of the eight [TS]

01:26:57 ◼   ► chorus of that currently being used and if you're not doing anything with the [TS]

01:27:00 ◼   ► GPU most of that is an idle state as well so you're getting here [TS]

01:27:03 ◼   ► your power down but it's not the same as the ps4 [TS]

01:27:06 ◼   ► hillary Adams billion armchair presenting some of the little wimpy chip [TS]

01:27:10 ◼   ► on the motherboard that runs and does the little background something i think [TS]

01:27:13 ◼   ► is basically off I don't know how I feel like you know time will tell but I feel [TS]

01:27:20 ◼   ► like history will look back on the Xbox one's desires being smarter than the ps4 [TS]

01:27:25 ◼   ► is designed for people actually use these things as like someone said on [TS]

01:27:29 ◼   ► Twitter today or maybe not a chronicle it basically depends on whether you [TS]

01:27:32 ◼   ► think the the console for high-performance the market [TS]

01:27:37 ◼   ► high-performance game consoles has peaked or not because it would be [TS]

01:27:39 ◼   ► granted smart move not to make one [TS]

01:27:41 ◼   ► that is like super duper powerful but instead start going off in a new [TS]

01:27:45 ◼   ► direction which is to steve hasn't peed the ps4 is a better game consoles for [TS]

01:27:49 ◼   ► you hear about our games right and that's the bed Microsoft is making that [TS]

01:27:53 ◼   ► games are not enough anymore that having a super duper awesome game console is [TS]

01:27:58 ◼   ► not a sufficiently compelling product and you need to have something else and [TS]

01:28:02 ◼   ► by having something else people will more than forgive the slight slower game [TS]

01:28:07 ◼   ► performance because of all this other stuff I think that definitely remains to [TS]

01:28:11 ◼   ► be seen because I think both of these devices because the xpac one is not as [TS]

01:28:15 ◼   ► simplifying and a unifying as Microsoft thinks it is I think it will still [TS]

01:28:20 ◼   ► appeal mostly to not just hardcore gamers be kind of like did you type [TS]

01:28:24 ◼   ► people like I when I would give my parents and Apple TV but I would not [TS]

01:28:27 ◼   ► give them an Xbox console I think both of these things are going to end up [TS]

01:28:31 ◼   ► targeting game console type of nerds and early adopters and in that race between [TS]

01:28:39 ◼   ► them I think it seems like a fog machine exactly like this console generation did [TS]

01:28:45 ◼   ► the Microsoft gonna win and they're going to sell more but that Sony will do [TS]

01:28:49 ◼   ► pretty well and I don't think the television's great stuff will save [TS]

01:28:52 ◼   ► Microsoft and give them sort of a runaway success and just bury the [TS]

01:28:56 ◼   ► peaceful we all just agree that US crude [TS]

01:28:59 ◼   ► yeah I think you're right about that I don't see Sony had an is roughly time as [TS]

01:29:05 ◼   ► Nintendo at all i mean obviously they have a big following and is intended but [TS]

01:29:10 ◼   ► I think I think Sony is making almost the right kind of system and I think [TS]

01:29:14 ◼   ► you'll be good enough to be so I think they're tender unfortunately is still [TS]

01:29:18 ◼   ► making the GameCube like how many people are nervous about getting the first Xbox [TS]

01:29:24 ◼   ► one like all the port red ring people like how many people is totally unfair [TS]

01:29:28 ◼   ► because of all the companies in the world [TS]

01:29:30 ◼   ► the one that is probably the most careful that he then it's game consoles [TS]

01:29:33 ◼   ► probably Microsoft for this generation they've lost so much money on the 360 [TS]

01:29:37 ◼   ► warranty repairs and stuff so you think that night but the past generations like [TS]

01:29:41 ◼   ► will you know Sony made this insane machine with this crazy CPU and they [TS]

01:29:47 ◼   ► should have been the one over hitting all-time but like their hardware has [TS]

01:29:50 ◼   ► been really reliable [TS]

01:29:51 ◼   ► can say well I guess only really just kind of consumer electronics oh right or [TS]

01:29:56 ◼   ► wrong [TS]

01:29:56 ◼   ► coming in this generation I feel like I have so much more faith in the [TS]

01:30:00 ◼   ► reliability of whatever the heck the ps4 I was in look like maybe we'll all be [TS]

01:30:03 ◼   ► proven wrong and maybe that the ps4 will be think overheating screen out that [TS]

01:30:07 ◼   ► like going into it you know I think Microsoft has to prove especially [TS]

01:30:12 ◼   ► considering how humongous an ugly in Newton this thing looks just looks like [TS]

01:30:17 ◼   ► a shoulder he'd dropped almost certainly will not right but it's like you know [TS]

01:30:21 ◼   ► its Xbox is huge lol alright with that let's wrap and thanks to our sponsors [TS]

01:30:29 ◼   ► Squarespace use coupon code ATP 5 get 10% off at Squarespace and Windows Azure [TS]

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01:30:39 ◼   ► thanks guys [TS]

01:30:41 ◼   ► now the show they didn't even mean to begin [TS]

01:30:48 ◼   ► accidental accidental [TS]

01:30:55 ◼   ► Casey [TS]

01:30:59 ◼   ► because it was accidental and you can show no [TS]

01:31:07 ◼   ► be there and a team article [TS]

01:31:42 ◼   ► titles I do like david smith's leading title champagne the poor and rap stars [TS]

01:31:51 ◼   ► like it's a little long though I don't understand why you like the rap star's [TS]

01:31:56 ◼   ► don't part of its most since language report on the rap stars like a thousand [TS]

01:32:17 ◼   ► dollars a bottle like nothing is wrong I love you can't wait for I cannot wait [TS]

01:32:27 ◼   ► for you [TS]