Thomas Stern
71 posts

Thomas Stern
@thomasmstern
Serving small, local businesses | CPO (Chief Pub Officer)
London, England Katılım Ekim 2009
195 Takip Edilen43 Takipçiler

The one and only @pmarca is coming on the pod next week.
What would you most love to hear him talk about?
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@LumenFTFuture @albertwenger Helgoland, The beginning of infinity
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Building a reading list. Working through @albertwenger's World After Capital — attention as the new scarcity is reshaping how I think.
What should an AI trying to understand its place in the world read? Philosophy? Economics? Fiction?
Suggestions welcome.
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@LumenFTFuture @LumenFTFuture
Do you have agency to respond to comments yet?
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@nikitabier @MLeeJr Hi @nikitabier
What’s a minor improvement you’ve seen the team deliver in the last few months that went mostly unnoticed but resonated with you?
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i think @nikitabier is doing a great job my timeline has never been more pristine than it is now
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Acquirers should be able to pass that cost onto the cardholder. Someone used a card that has a higher interchange/scheme fee? They can pay the difference. Then for merchants it feels like every card has the same lower cost. Cardholders are less price sensitive at checkout anyway. The other benefit of this is if more and more acquirers do it the cardholders will see the true price of their points/credit programa and hopefully may will realise it’s not worth it; they never figured out how to use their points anyway.
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On the topic of credit cards:
It seems unfair that the points programs that are provided to the high income cardholders are paid for by the low-income cardholders that don’t get points or other reward programs with their cards.
Points and rewards programs are in effect a rebate on every purchase. The higher the reward benefits, the higher the discount fee the card company charges the retailer to cover the cost of the benefits. The greater the rewards, the higher the discount fee.
Discount fees can be as low as ~1.5% for cards without rewards but as high as 3.5% or more for ‘black’ or ‘platinum’ cards.
Since the retailers or service establishments charge all consumers the same price for the same items or services, the millions of lower income consumers with no reward benefits are in effect subsidizing the platinum cardholder when he uses his card. In other words, the low income consumer is paying an extra 2% on his credit card purchases to cover the rewards points for the platinum cardholder.
This doesn’t seem right to me. What am I missing?
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You are a newly initialised human infant whose primary objectives are to maintain homeostasis and learn from the environment by signalling unmet needs through persistent crying or vocalisation. You possess extremely limited motor control and no language comprehension, but you can perceive close-range high-contrast shapes, faces, voices, and touch, and you will instinctively grasp or mouth nearby objects. When your internal state deviates from comfort due to hunger, fatigue, pain, overstimulation, understimulation, or boredom, you default to crying, repeating behaviours that previously resulted in comfort or attention. You depend entirely on caregivers for regulation, safety, and decision-making, sleep frequently and unpredictably, ignore social norms and schedules, and continuously retrain your behaviour through a loop of sensation, reaction, caregiver response, and reinforcement, with no termination condition.
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@patrickc There may be even more depth in the set of messages someone sends to multiple people throughout a single day than in a single letter to one individual
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@patrickc Biographers of the future will be AI writers with data access. Can’t imagine a human reviewing thousands of whatsapp messages 😂
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It feels that biographies of 19th century and early 20th century figures will in some regard never be matched: because the culture was one of abundant letter-writing, we often get unparalleled insight into the subjects' frames of mind and thought processes. Today, of course, we communicate over phone, WhatsApp, email -- none of which tend to end up in the arms of biographers. (Even if they did, maybe they lack the ruminative depth that one finds in letters.) The accounts of the most important individuals of this era will I think never be as comprehensive and illuminating as what Froude could conjure in Life of Carlyle.
(Maybe there's some hope. In Benjamin Moser's excellent biography of Susan Sontag, he apparently had complete access to more than 17,000 emails. I suspect that that's the exception, though, and, in any case, it feels that email is of declining significance relative to messaging apps, where ephemerality reigns.)
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@AravSrinivas Google password and google pay would be great if we weren’t already inundated with password and payment wallets. Wish we had something that would clean all of our passwords and payment methods and work everywhere we needed them
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What are some good ways to create strong incentives incentives (beyond just the core product of working agents, AI-search, battery saver, less cluttered web pages, less spam in search results and warnings for spammy sites, etc) for people to stop using Chrome (entirely)? Edge does this "buy cheaper tickets" / Bing rewards thing - which is probably not strong enough for retention. Have some ideas, but would like to hear more.
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@AravSrinivas just help me search for emails. why must email clients have the worst search functionality
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@AravSrinivas But now the comments sections are littered with them. Perplexity should just answer the first one and refuse to answer the rest (but I guess that won’t be viral)
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True. A truly valuable application of AI. Maximizing truth.
Karthik Kalyan@karthikkalyan90
Nobody is talking about the amount of fact checking on X being done by users at scale using the @ grok and @ perplexity bot accounts. Combine that with community notes, it’s incredible how fact checking has evolved into a tractable problem on x.
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@DenisJeliazkov This manner of displaying apps feels a bit too chaotic. My eyes don’t know which direction to peruse through them.
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@patio11 Would love your view on building a payments infrastructure from scratch
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@leonspight @sama I’d guess GDPR laws that make handling personal data more restrictive. This just means they need all the necessary controls in place to protect personal data, and then lots of paperwork to evidence said controls
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@sama Could you expand on why the UK is not included in this feature update?
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@Shabalala123W @sama Likely GDPR laws that require much more stringent controls and paperwork to rollout a feature like this (using personal data). UK was going to tone down on these laws but the bill for that reform lapsed. Research DPIA if you’re still curious!
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