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"Millionaires and billionaires" is conceptually similar to "meters and kilometers" or "grams and kilograms". These things differ by three orders of magnitude.
Relatedly, Credit Suisse estimates 18.6 million millionaires in the US, while US News estimates 607 billionaires. If true, that means there are ~30,000+ millionaires for every billionaire.

Credit Suisse: credit-suisse.com/media/assets/c…

US News: usnews.com/news/best-stat…
If the Credit Suisse numbers are accurate, 18.6M millionaires out of 327M Americans would mean about 5.6% of Americans are millionaires.

That probably includes real estate, but I bet it's higher than people would guess. See Table 5-8 here on pg 147. credit-suisse.com/media/assets/c…
The other thing that's amazing from this report are the China and India numbers.

In 2000, China had 38k millionaires and India had 34k.

By 2019, China had 4.4M millionaires (117X growth) and India had 759k (22X growth). Wow! credit-suisse.com/media/assets/c…
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Balaji S. Srinivasan
@balajis
Internet zoning

Residential: social networks
Commercial: marketplaces
Industrial: AWS
Social networks have traditionally been purely "residential" and marketplaces purely "commercial".

But just like there's a trend towards mixed zoning in the physical world, we're starting to see a mix of residential and commercial as well in places like Substack and Patreon.
Also, add messaging/dating/personal homepages to residential, e-commerce/consumer SaaS to commercial, and GitHub/enterprise SaaS to industrial.
Read 3 tweets
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Balaji S. Srinivasan
@balajis
An on-chain hash will become the new DOI.
h/t @ErinJHolmes who has been thinking about this in the context of academic publishing.

DOI background for those who aren't familiar:
en.wikipedia.org/wiki/Digital_o…
@ErinJHolmes Seems like DOIs and the WayBack Machine would be great use cases for @ensdomains, @blockstack, @unstoppableweb, @hns, @ipfsbot, @axiomorg, and the like.

Solving link rot, rather than censorship resistance per se.
Read 3 tweets
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Balaji S. Srinivasan
@balajis
I wonder if we could articulate a Moore's law for machine learning. Every X months, we see a doubling of Y, where Y represents something intrinsic like transistor count.
zdnet.com/article/google…
The obvious kinds of metrics are "papers" or "funding", but those are easily gamed.

Another idea is a battery of cognitive tests, like an AIQ score, but that's also gameable.

Ideally we want a ratio-scale variable like transistor count. Maybe neural network size?
Maybe we could define an AIQ score after all. Take AI vs human performance on various benchmarks, and plot each of those over time as shown.

I'd refresh a regularly updated dashboard with all benchmarks like this. Maybe rise of the machines dot com?
gigazine.net/gsc_news/en/20…
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Andy Budd
@andybudd
Things I hold to be true #1

You are not your user, so stop designing for yourself. Understanding what your users need and communicating that around the organisation is super important.
However research doesn't tell you what to do, so don't rely on it too heavily. Otherwise you can get stuck down rabbit holes and paralysis sets in. So focus on getting just enough research to inform decision making.
FYI I'm aware that "user" is a contention term, so have mostly used it here for the sake of brevity. Feel free to substitute it with whatever term you feel most comfortable with.
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Emily G
@EmilyGorcenski
How to post like a right wing militia man, a user guide
First, liberal use of the word “brother”.

> This is gonna be the big one brother
Second, shoehorn really bad insults into words where they don’t fit

> FARTbama will take my guns over my dead body
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Rich Harris
@Rich_Harris
Today we published an important article on child sexual abuse imagery. Content warning: graphic descriptions of child sexual assault. This is the first part of a months-long investigation by @mhkeller and @gabrieldance nytimes.com/interactive/20…
@mhkeller @gabrieldance Quick thread about the visual elements of the story. We open with an avalanche of images that document the abuse, provided by the Canadian Center for Child Protection, obscured using a technique devised to protect both the abused and the analysts who work with the material.
@mhkeller @gabrieldance We felt it was important not to shy away from showing this material, horrific as it is, since it's central to understanding the story. Straight away, though, it presents a technical challenge: How can we load and render thousands of images almost immediately upon page load?
Read 13 tweets
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Sam Penrose
@sampenrose
Let's talk about electric vehicle charging stations, money, and consumer psychology through the lens of driver labor per hour of travel.
I once drove 15 minutes as my Leaf's battery died to the nearest charging station, then ended up killing two hours to get enough energy for the 30 minute drive home. Call it 4 minutes of my "labor" for 1 minute of driving time, worst case (once a year).
Now consider gas stations in terms of driver labor: they cluster where people drive, and filling the tank is quick. An investment of 5 minutes returns (15 gallons / (40mph / 20mpg)) roughly 7.5 hours of driving time, or 1:100 vs 4:1.
Read 27 tweets
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Still Persisting
@neverthelessCS
Billionaires giving away half their money doesn't = affordable health insurance.

It doesn't = affordable housing.

It doesn't = higher wages.

It doesn't = lower prescription drug costs.

What it does: allows one person to sponsor their pet cause while everyone else suffers.
Generosity should always be encouraged and celebrated, but it's not a social safety net...not in a world of 7.5 billion people.
I led a discussion group at church on Sunday, and we got into this a little. Someone played devil's advocate and said, "But didn't the billionaire work hard and earn his money...not steal it?"

Well, it depends.
Read 24 tweets
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Robert Young Pelton
@RYP__
Erik's new #Pro6 FSG/China "mercenaries for tuna"gas jam with his midget crusader cut out should work out real well for the people of #Mozambique . dw.com/pt-002/empresa…
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