According to a Reuters investigation of ATO data there is $1.4b of cryptocurrency assets in various self-managed super funds in Australia. It's a small percentage of the overall SMSF pie ($880b), but Reuters and Liam Shorte, a financial planner that specialises in SMSFs, reckon as the price of Bitcoin collapsed last year, many of those who set up an SMSF during COVID due to being bored at home and chucked their retirement savings into crypto at the peak of its hype, may have lost around 40% (on average - some more, some less) of their money. There's a good chance those losses will never be recouped, let alone make a profit.
Twitter shit the bed again overnight, this time simply showing an error message, "your current API plan does not include access to this endpoint" whenever you visited the website. Presumably the implementation of the paid API feature didn't go well. Elon's response was "the code stack is extremely brittle for no good reason. Will ultimately need a complete rewrite". Mmhmmm. Meanwhile, the BBC has spoken to a bunch of Twitter employees (anonymously - these people don't want to lose their jobs) about the shitshow that is Musk's Twitter. Apparently Elon walks around the joint with "at least two bodyguards" at all times, even to take a piss. Extremely healthy workplace dynamic.
This article from 2021 by the New York Times gives a bit of insight as to how the Chinese government "taps private businesses to generate content on demand, draw followers, track critics and provide other services for information campaigns" on "international platforms like Facebook and Twitter, which the Chinese government blocks at home". Shanghai police's "Public Opinion Technology Services Project" just puts out a tender and businesses respond to it with proof how many accounts they've got, how long their accounts survive before getting banned and how many followers they can gain. We all know this stuff is happening, but to see it detailed like it's a tender for constructing a new road or installing sprinklers in the local park is weird.
Sophie Wilson, CBE FRS FREng, designed the Acorn System 1, coding the operating system in binary before designing and implementing Acorn Assembler, Acorn MOS, and BASIC. She and Steve Furber designed and implemented the prototype of the BBC Microcomputer — she designed the operating system and designed and implemented BBC BASIC for a succession of processors. She and Furber also co-designed the ARM processor powering Acorn's computers during the 1990s and virtually every mobile phone and tablet in the world nowadays — more than 180 billion sales of ARM-powered chips to date. She co-designed the ARM3, ARM610, and ARM700 processors and ARM7500FE single-chip computer; created Acorn Replay multimedia software; and developed the Firepath SIMD LIW processor and then co-founded Element 14 to exploit it for ADSL. She studied computer science and mathematics at Cambridge University and has an honorary doctorate of science from the university. (National Academy of Engineering)
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