What is the smallest subplot you can split a parcel into?
And are we talking literally land, or would condo ownership suffice? (After all, you typically stack a few condos on top of one parcel of land). The smallest condo is probably dictated by some pesky human habitability rules, but what class of property has the fewest minimum-square-footage zoning rules? Retail probably has egress rules, but what about industrial spaces?
Could you create an industrial park to house a bunch of, to use a rough metaphor, independently-owned/independently-operated phone booths (or whatever other "qualifying use")?
Basically is there a category of land-use you could split ownership off at ridiculous scale, offer LLC-as-a-service to buy a bunch of them, and just for fun, tokenize the votes to provably aggregate the absentee ballots at scale via blockchain?
If it's one-entity-one-vote, what is the most cost-effective way to maximize the number of qualifying entities?
Bonus points for every order of magnitude of synthetic votes you can reasonably achieve over the fleshy variety.
In most areas, especially any that are at all developed, land parcels and minimum lot sizes are under the control of a county or city commission, council, board, etc. Subdividing a property is as expensive and time consuming as you might imagine dealing with the government, you'll probably need a lawyer to do it properly, have to appear before at at least one if not several public meetings or hearings, etc. And they will almost certainly deny any petition along the lines of the examples you offered.
Where I am, things like dividing a 5 acre rural property so that a mother-in-law can live in a cottage near her family are routinely denied.
You mean under the control of the commissions, councils, boards, etc that are being elected in these very elections? Elections in which many actual humans may not be paying attention to positions on "arcane" land use rules, but the non-human legal entities in question (or their managers) will be?
>under the control of the commissions, councils, boards, etc
Let me save you some words.
Next time just call them "the local real estate developer slime balls" because that's who makes up the vase majority of these organizations. Like maybe a particularly upstanding town might have a local banker or lawyer on one of the boards or something.
These are not democratic institutions. They are business groups that happen to be part of government.
These organizations are already in the pocket of business interests. If anything this change is destabilizing because it now means that the PE owned car-wash and the company that owns a bunch of chain franchise businesses in the town as well as every local business that owns land or the landlords thereof but is owned by people who live in the surrounding towns can push back and say "screw you, we're not all willing to bend over and take it so you can make another buck developing another street of McMansions".
Letting megacorps vote is probably bad. But I think we should see where this goes. There's a lot of "enemy of my enemy" potential here for the currently disenfrachinsed business interests to push back on the business interests that are in bed with government to the benifit of the people. Enemy of my enemy is my ally and all that.
> What is the smallest subplot you can split a parcel into?
An acre, here. See your local zoning code or land statutes for minimum lot sizes. Consult agreements that run with the land for additional restrictions.
> Unless the company have a lot of fairly stable semi-liquid assets (like real estate)...
That's exactly what happened famously with Red Lobster. PE sold off all the underlying real-estate to get the initial sugar-high and replaced it with a leasebacks. Those leases had escalating costs and fixed terms, which made it difficult to adapt to changing trends, and was a big contributor in what ultimately sunk it all.
> There is zero appetite for things that make a little bit of money relative to the cash cows of the company.
The other side of this is only new baby firms invest in that thing that makes a little bit of money. But given enough refinement, that thing starts making more and more money as it gets better and better. And soon, that new baby firm outshines the incumbent. The incumbent's wasn't incentivized to invest in the thing that started off worse but eventually became the new model. Think Kodak with film-vs-digital cameras.
This was the thesis of 1997's The Innovator's Dilemma, written by the guy who coined "Disruptive Technology".
If a corporation has an incentive to make money, it will align its priorities towards making money. Question is: are "making money" and "correct priorities" synonymous?
You use "zombie companies" as a universal pejorative and suggest we should all be instead worshiping at the alter of economic efficiency, JIT-delivery, and maximizing shareholder value without really considering the critiques there.
Yes, the "zombie company" strawman is paying people to move dirt from one hole to the other and back again which is dumb, but the "efficient company" has its own strawman, one drowning in manufactured debt, peeing in pee bottles in-between amazon warehouse isles, and unable to manufacture its own medical equipment when a black-swan pandemic event hits.
Which one is "better" largely depends on if you value societal stability or shareholder profits.
Or, in the framing of the article (which is summarizing Aoki, Milgrom, and Roberts), J-style companies exceed in periods of moderate volatility where 1) things don't change so much that you need the money-above-all-else incentive that favors strong hierarchical Jobs-like leadership that finds the visionary new solution, but 2) they change enough that the money-above-all-else incentive that favors value-engineering enshittification loses out to competition. The "societal stability" is just a part of the incentive bundle that forces the adaptation called the J-style approach.
Since Cursor often relies on Claude models, some of those services will flow back to their own datacenter compute. Especially if there's, lets call it, "customer demand loadbalancing optimization agreements" that makes those Cursor services prioritize Claude models using the app keys that get load-balanced onto the SpaceX datacenter.
Did SpaceX just spend $10B to rent out its own datacenter, juicing their recurring revenue metrics with their own AI services investment?
With Anthropic's help. And when it's time for Anthropic to hype their IPO maybe SpaceX will return the favour and offer some deal that looks great to retail investors.
I don't think it's the conspiracy theory that you're making it out to be.
It is publicly known that the vast majority of deals in the AI space are circular in nature without the need for explicitly encoding any of it in a legal contract or even tacit agreements.
e.g. Nvidia has invested significantly in many AI companies including both Anthropic and OpenAI which rely heavily on Nvidia's hardware and will undoubtedly use some of said investment towards that end.
Nvidia and Oracle are already public companies, they're just aiming for their next quarterly statements.
SpaceX is getting dressed for their debutante ball and is putting on the makeup to make a grand entrance on the auction floor.
Is there a difference? I legitimately have no idea. You are right that we can add another entry to the list of interconnected circular dealmakings. All this ain't gonna end well next time the music stops playing.
Your argument is that since it is common in a bubble to make circular deals, there is no conspiracy. But you seem to suggest that people committing tens of billions of dollars aren’t looking any further down the pipeline than the name on the receiving bank account? Have you ever been anywhere near a large deal?
That's a lot to imply from my simple comment. My viewpoint is actually the exact opposite of what you claim: it all feels like a house of cards that is set to collapse at any moment. I can also tell you're quite passionate about this and I wonder if that emotion is clouding your interpretation of what was meant to be an innocuous comment.
My point was that there is a lot of this happening, it is not a unique statement nor is it surprising to see at this point.
I made no attempt to dismiss or justify any of it.
Right. You're not a real medical group unless you go through an 18-month RFP procurement cycle including being wined and dined by the Epic rep who already knows they're gonna get your $50MM wallet because they're golf buddies with your CEO and already embedded with all your labs. God forbid anyone practicing Real Medicine tries to go the OSS route, medicine is too complicated for something like that.
$50M? Pfft. The regional health service provider over here has spent close to a billion € migrating to Epic over the past decade. The feedback has been so devastating they're apparently now considering starting over from scratch. Love seeing the consultants lighting my tax money on fire like that.
They're adapting fracking techniques to use for geothermal, which opens up many more sites. Historically geothermal has had limited potential, and the best sites have already been developed. So geothermal + fracking creates a lot more viable land.
Traditional geothermal is you dig a really deep well and get a geyser of hot water or steam to come up.
Fervo is doing "Enhanced" or "Engineered" geothermal where you dig two wells: an injection and an extraction well. You frack the rock in between, creating lots of small channels for water to flow between them. The water absorbs the heat from the rocks as its circulating from the injection well to the extraction well.
The kind of rock that's good at this heat transfer is different from shale rock that oil & gas frackers have experience with... it's harder, less porous, not partial-dino-juice. So they're taking a lot of the same core concepts from the oil & gas industry (horizontal drilling, geology simulations, etc), but their IP is in adopting the techniques to work with geothermal-favorable rock.
Another interesting concept I heard Fervo researching: this kind of geothermal is not "baseload" style power, so there's a few tricks they can do to get better cost efficiency and peaker-like or battery-like behavior. Remember the two wells that form the circulation loop: injection and extraction? Well, you need pumps on both sides (remember, this isn't "geyser-style" geothermal where natural pressure and geology do all the work). Pumps take energy to run, something like 20-30% of the overall extraction output (you put a unit of energy in to run the pumps and you get 3-5 units of energy back out the other end). Not great, not terrible either... it's an energy return comparable to solar and wind. But what you can do is run the injection pump when power prices are low (ie when there's an excess of solar on the grid), pressurize all your fracked channels underground (the reservoir), and then when grid prices rise in the evening you run just the extraction pump to pull out the pre-heated, pre-pressurized water. You're still at a 3-5x energy return, but the time-shifting has made the cost multiplier more favorable.
My understanding is it's still in research phase, but Fervo is piloting this technique. Like another thread said, they're pre-IPO now, so they've been flooding the renewables media with all these stories. They filed an S-1 recently, but always read the eventual S-3 before considering your investment options blahblahblah.
What is the smallest subplot you can split a parcel into?
And are we talking literally land, or would condo ownership suffice? (After all, you typically stack a few condos on top of one parcel of land). The smallest condo is probably dictated by some pesky human habitability rules, but what class of property has the fewest minimum-square-footage zoning rules? Retail probably has egress rules, but what about industrial spaces?
Could you create an industrial park to house a bunch of, to use a rough metaphor, independently-owned/independently-operated phone booths (or whatever other "qualifying use")?
Basically is there a category of land-use you could split ownership off at ridiculous scale, offer LLC-as-a-service to buy a bunch of them, and just for fun, tokenize the votes to provably aggregate the absentee ballots at scale via blockchain?
If it's one-entity-one-vote, what is the most cost-effective way to maximize the number of qualifying entities?
Bonus points for every order of magnitude of synthetic votes you can reasonably achieve over the fleshy variety.