-
Distribution of bitcoin wealth by owner
TL;DR: As a result of analyzing the “Mt.Gox leak”, the number of bitcoin holders is likely 1.0 millions. Of these,* the 400 bitcoin millionaires with at least BTC2,000 hold 40% of bitcoins.* 100,000 owners with BTC10-BTC2,000 $5,000-$1,000,000 hold 50% of the bitcoins.* 900,000 owners have a holding of BTC0.002-BTC10, valued at $1-$5,000, and hold 10% […]
-
Amazon Kindle post reveals what’s behind its feud with Hachette.
“In its post, Amazon makes a mathematical plea for why most e-books should be priced at $9.99, instead of $14.99 or $19.99, given that they don’t require printing, storage, or transportation. The company says it’s found that e-books priced at $9.99 sell 1.74 more copies than when they’re priced at $14.99. If you carry that […]
-
The FunDza Literacy Trust
“Only 8% of schools in South Africa have libraries, and books are expensive and often difficult to find. FunDza aims to boost literacy among teens and young adults in South Africa by popularising reading; growing communities of readers; and, developing young writing talent. FunDza achieves this by providing content that will get young people hooked […]
-
The Case Against Sharing — Medium
The sharing economy’s success is inextricably tied to the economic recession, making new American poverty palatable. It’s disaster capitalism. “Sharing” companies are not embarrassed by this — it appears to be a point of pride. via The Case Against Sharing — Medium.
-
Meet the Italian Who Beat Google to Web Search — and Gave It Away – Bloomberg
“After the speech, Marchiori returned home in the hopes of realizing his ambitious design. “When I came back to Italy, I asked the university for 20,000 euros to develop a search engine, but instead, they financed a project about the history of copper metallurgy in Italy,” he says. Meanwhile, Page got his first $100,000 check […]
-
Fare Dodging Is an Organized Rebellion in Stockholm, and It’s Winning – NYTimes.com
“For over a decade, Mr. Tengblad has belonged to a group known as Planka.nu rough translation: “free-ride.now”, an organization with only two prerequisites for admission: Members must pay a monthly fee of about $15 and, as part of a continuous demonstration against the fare, promise to evade payment every time they ride. If travelers keep […]