Leni Mayo (@lenidot) profile picture

Co-founder https://nitter.gq/t.co/l1bLqVWRNg. Small-time angel investor. Software Engineer.

Melbourne, Australia
Joined March 2009
Photo by Leni Mayo (@lenidot)Photo by Leni Mayo (@lenidot)Photo by Leni Mayo (@lenidot)Photo by Leni Mayo (@lenidot)Photo by Leni Mayo (@lenidot)Photo by Leni Mayo (@lenidot)Photo by Leni Mayo (@lenidot)Photo by Leni Mayo (@lenidot)
One Ring to rule them all, One Ring to find them, One Ring to bring them all, and in the darkness bind them. nitter.gq/morqon/status/21158388…
sam: local inference is a terrible allocation of scarce resources “a lot of people want local inference, and somehow they assume that the problem is solved now because we have open-source models, we're going to be able to run them on our computers, and so we're not going to need all the stuff in the data centre but from a global allocation perspective, actually it's quite terrible to have everybody, like, have a bunch of the world's limited supply of DRAM sitting in their own computer and being used five percent of the time you want maximum utilisation in the cloud if you're trying to deal with this very supply-constrained environment somehow many people's intuition is the opposite of that”
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The: - net tax-take dip (via lock-in effects); and - productivity hit (via higher cost of capital) aren't bugs Treasury overlooked, they're the price the government has decided to pay. The higher purpose is "equalising" the taxation of labour income and asset income. Jim Chalmers uses the phrase "better aligning" to mean "equalising". Revealed preference: Values > Economics.
Replying to @lenidot
Except so easily fixed. Limit changes to property. Voila! Solved magically.
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I put this exact Q to someone with decades of experience in+around AusGov. The reply: "Collateral damage". Which I took to mean something along the lines of "Undesirable side effects are inevitable."
Replying to @TheKouk
When the CGT component is so very small vs the property component (0.5 of 3.6B) and the risks so high that there will be a net tax-take reduction and broad productivity decline, how is this justifiable?
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Australian household living standards in one chart. This is the average - median would look slightly worse.
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Unpleasant thought: perhaps the thinking behind these changes to the tax system aligns with Australia's present national mood. In which aspiration means: "nudge singles and occupy the crease. DO NOT go for fours, let alone sixes."
Same profit, different tax - the CGT's dogs breakfast. My article in the @australian's Inquirer today quotes Chief Economist of the NSW Parliamentary Budget Office, @DerekFranc90653 It's hard to get your head around just how bad this is, because it is so counter-intuitive.
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The lock-in effect It may be that the most economically consequential outcome of the proposed tax rises will not be: - discouraging founders; or - founder flight but something called "the lock-in effect". The literature on it is consistent across almost 50 years of study. The basic idea is that raising taxes at exit makes owners less likely to sell. From there, it's straightforward to predict: - reduced transaction volumes - reduced liquidity; and - a whole set of inefficiencies re: owners that should have sold years ago but were averse to losing half. Having the highest CGT rate in the world will no doubt put Australia in a position to contribute to the literature on the topic 😊
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> There was another factor that had roughly triple the predictive power of brainpower. nitter.gq/rshotton/status/135849…
Tetlock’s study into forecasting accuracy found that the most important skill was a willingness to update ones beliefs when new information arrived In Think Again
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Signal is blowing up.
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Such a great email sent by a Dyson Institute Undergraduate Engineer to James Dyson after his announcement of new Degree Awarding Powers @Dyson
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Terrific essay on what makes TikTok special by @eugenewei eugenewei.com/blog/2020/8/3/…
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Leni Mayo retweeted
What determines the success of #COVID19 #TestAndTrace? Our SEIR on a graph says: (i) Symptom Onset to Test Time (& to self-isolation) (ii) Share of Contacts Traced Less important: (iii) Test & Trace Time: test turnaround & contact tracing time. medrxiv.org/content/10.1101/… 1/
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Holograms?
Hypothesis: One limit on the switch to a remote world is that the only safe way for a group to talk is in person. Better communication tools and more bandwidth can't fix this.
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Air flow from a person breathing, talking, and coughing, with & without face mask. Visualization by @LaVisionInc
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With this new info, WHO is considering calling a world conference to discuss whether we should consider recommending we all wear hats sometime in 2021.
This is from the 1918 pandemic. Notice anything?
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The UK's response to COVID-19 explained with a bucket of water
🚨This is the clearest, most informative video of why the government is not closing schools and quarantining us. This WILL SAVE LIVES in the long run and make absolutely sure the NHS is not overrun. Quarantine only when the NHS is at 95% of MAX capacity. We have one shot at it.
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Australia is roughly level with Italy in COVID-19 tests per capita Which is an encouraging thought businessinsider.com.au/coron… health.nsw.gov.au/news/Pages… - credit to @NSWHealth for regular updates and transparency re: numbers ==> breeds confidence
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Excellent paper in @TheLancet on the difficult tradeoffs: > Governments will not be able to minimise both deaths and the economic impact > Keeping mortality as low as possible will be the highest priority for individuals thelancet.com/journals/lance… #COVID19
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On the face of it, one might not guess that it has been 50 million years since pinnipeds (seals et al.) evolutionarily split from other caniforms (dogs, etc.) during the Eocene.
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This Post is from a suspended account. Learn more
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“YAML is super picky and annoying!” snivels an entire generation who never had to touch a BIND zone file.
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