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Joined 1 year ago
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Cake day: August 2nd, 2023

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  • I don’t need to guess. I know from having been to China and having talked to people.

    It’s mostly a combination of 3 things:

    1. Tons of infrastructure. If you decide to start manufacturing some random thing you can easily get all the stuff you need to get started.
    2. Regulations are generally very favorable to small startups and businesses. This is partly why so much of the stuff on Temu is crap.
    3. A huge population. That’s the main source of ultra cheap labor. Farmers in rural China can still make as little as $1.90 per day. All a factory owner needs to offer is more than that and they’ll have a line of applicants.








  • Charity is about who benefits, not about who decides how to provide that benefit.

    The idea of choosing a charity based on the donor’s will of how it will get spent describes almost all types of charity. If someone donates to any charity at all, they have made a choice on how to allocate their resources and they just take it on faith that that’s the people who need it the most.

    Furthermore, any given dollar of his can only be spent once. The money he spent on himself enriches himself. It’s a considerable amount of money but it’s a tiny fraction of the money he controls. Any dollar he gives away can’t be spent to enrich himself.

    Finally, Buffet has donated over $57 billion. How is he supposed to distribute that? Fly a plane around the country and dump cash out the window? Send a huge check to the IRS? Give it all to your favorite charity? The obvious answer is that he sets up an organization that will analyze existing charities for need and effectiveness and then distributes his assets accordingly.



  • There’s an odd trend of labeling everyone with even the slightest advantage a, “nepo baby”.

    Nepotism is when you give friends or relatives special consideration for jobs or positions. As far as I know the only job Buffet ever had from a relative was working in his grandfather’s grocery store. The closets I could find for Elon Musk was that he started one of his companies with his brother.

    Elon’s father was an engineer. That certainly put him in a comfortable position, particularly as a white engineer in South Africa but it definitely doesn’t get you recognition from old money families. Buffet went to public school.

    They both had advantages growing up but if we expand nepotism to include people like that, it becomes a pretty meaningless term.









  • We’re likely to see a variant of Moore’s law when it comes to satellites. Launch costs will keep going down. Right now we have Starlink with a working satellite internet system and China with a nascent one. As the costs come down we’ll likely see more and more countries, companies, organizations and individuals will be able to deploy their own systems.

    A government would need to negotiate with every provider to get them to block signals over their country. Jamming is always hard. You could theoretically jam all communications or communications on certain frequency bands but it’s not clear how you would selectively jam satellite internet.


  • There’s a much bigger story here.
    Think about how hard it was to discover this access point. Even after it was reported and there was a known wi-fi network and the access point was known to be on a single ship, it took the Navy months to find it.

    Starlink devices are cheap and it will be nearly impossible to detect them at scale. That means that anyone can get around censors. If the user turns off wi-fi, they’ll be nearly impossible to detect. If they leave wi-fi on in an area with a lot of wi-fi networks it will also be nearly impossible to detect. A random farmer could have Starlink in their hut. A dissident (of any nation) could hide the dish behind their toilet.

    As competing networks are launched, users will be able to choose from the least restricted network for any given topic.