eBay UK have changed their terms to (a) remove seller fees for most private sellers, but (b)
instead of paying-out immediately, payouts are four times a year (or on-demand).
That sounds like they’re trying to keep money in their ecosystem. The hope is, I guess, that by paying sellers in virtual “eBay Pounds” rather than actual money in the first instance
they’ll encourage those sellers to become buyers again (either of other listings, or of eBay’s postage and other services). You can cash out anytime you like, but you can never leave.
You see the same technique used e.g. by the National Lottery, who pay out “small” winnings into your online account, knowing that the vast majority of winnings are on the order of only
a few times more than the value of a ticket, and so players will be more-likely to “re-invest” if they’re not paid-out directly.
It became clear a good chunk of my Automattic colleagues disagreed with me and our actions.
So we decided to design the most generous buy-out package possible, we called it an Alignment Offer: if you resigned before 20:00 UTC on Thursday, October 3, 2024, you would receive
$30,000 or six months of salary, whichever is higher.
…
HR added some extra details to sweeten the deal; we wanted to make it as enticing as possible.
I’ve been asking people to vote with their wallet a lot recently, and this is another example!
…
This was a really bold move, and gave many people I know pause for consideration. “Quit today, and we’ll pay you six months salary,” could be a pretty high-value deal for some people,
and it was offered basically without further restriction2.
Every so often, though, I spend time with a company that is so original in its strategy, so determined in its execution, and so transparent in its thinking, that it makes my head
spin. Zappos is one of those companies
…
It’s a hard job, answering phones and talking to customers for hours at a time. So when Zappos hires new employees, it provides a four-week training period that immerses them in the
company’s strategy, culture, and obsession with customers. People get paid their full salary during this period.
After a week or so in this immersive experience, though, it’s time for what Zappos calls “The Offer.” The fast-growing company, which works hard to recruit people
to join, says to its newest employees: “If you quit today, we will pay you for the amount of time you’ve worked, plus we will offer you a $1,000 bonus.” Zappos actually bribes its
new employees to quit!
…
I’m sure you can see the parallel. What Zappos do routinely and Automattic did this week have a similar outcome
By reducing – not quite removing – the financial incentive to remain, they aim to filter their employees down to only those whose reason for being there is that they
believe in what the company does3. They’re trading money for
idealism.
Buried about half way through the Creed is the line I am more motivated by impact than money, which seems
quite fitting. Automattic has always been an idealistic company. This filtering effort helps validate that.
The effect of Automattic’s “if you don’t feel aligned with us, we’ll pay you to leave” offer has been significant: around 159 people – 8.4% of the company – resigned this week. At very
short notice, dozens of people I know and have worked with… disappeared from my immediate radar. It’s been… a lot.
I chose to stay. I still believe in Automattic’s mission, and I love my work and the people I do it with. But man… it makes you second-guess yourself when people you know, and respect,
and love, and agree with on so many things decide to take a deal like this and… quit4.
There’ve been some real heart-in-throat moments. A close colleague of mine started a message in a way that made me briefly panic that this was a goodbye, and it took until half way
through that I realised it was the opposite and I was able to start breathing again.
But I’m hopeful and optimistic that we’ll find our feet, rally our teams, win our battles, and redouble our efforts to make the Web a better place, democratise publishing (and
eCommerce!), and do it all with a commitment to open source. There’s tears today, but someday there’ll be happiness again.
Footnotes
1 For which the Internet quickly made me regret my choices, delivering a barrage of
personal attacks and straw man arguments, but I was grateful for the people who engaged in meaningful discourse.
2 For example, you could even opt to take the deal if you were on a performance
improvement plan, or if you were in your first week of work! If use these examples because I’m pretty confident that both of them occurred.
3 Of course, such a strategy can never be 100% effective, because people’s reasons for
remaining with an employer are as diverse as people are.
4 Of course their reasons for leaving are as diverse and multifaceted as others’ reasons
for staying might be! I’ve a colleague who spent some time mulling it over not because he isn’t happy working here but because he was close to retirement, for example.
At work, we recently switched expenses system to one with virtual credit card functionality. I decided to test it out by buying myself lounge access for my upcoming work trip to Mexico.
Unfortunately the new system mis-detected my lounge access as being a purchase from lingerie company loungeunderwear.com. I’m expecting a ping
from Finance any moment to ask me why I’m using a company credit card to buy a bra.
One might ask why our expenses provider can (mis-)identify loungeunderwear.com from a transaction in the first place. Did somebody at some company that uses this provider
actually buy some ladies’ briefs on a company credit card at some point?
But if I ever happen to be somewhere that the lottery results are being announced, I sometimes like to play a game I call Not The Lottery.2
Here’s how you play:
Set aside the money it would have cost for a ticket.
Think of the numbers you’d have played.
When those numbers don’t come up, congratulations: you just won not-wasting-your-money!3
Want to play Not The Lottery retroactively? Cool. I’ve made and open-sourced a tool for that. Hopefully it’ll load below
and you can choose some numbers (or take a Lucky Dip) and have it played through the entirety of EuroMillions history and see how much money you’d have won if you’d only played them
every week. Or, to look at things from a brighter perspective, how much you’ve saved by not playing. It’s almost-certainly in the thousands.
Loading game… please wait… (if it never loads, Dan
probably broke it; sorry!)
Winning the lottery
But that’s not what the question’s really about, is it? We don’t ask people “what would they do if they won the lottery?” because we think it’s likely to happen4
We ask them because… well, because it’s fun to fantasise.
And I sort-of gave the answer away on day 20 of Bloganuary: I’d do my “dream job”. I’d work (for free) for Three Rings, like I already do, except instead of spending a couple of hours a week on it on average I’d spend about ten times that. I’d use the
luxury of not having to work to focus on things that I know I can do to make the world a better place.
Sure, there’s other things I’d do. They’re mostly obvious things that I’d hope anybody in my position would do. Pay off the mortgage (and for all the works currently being done to
infuriate the dog improve the house). Arrange some kind of slow-access trust or annuity for the people closest to me so that
they need not worry about money, nor about having to work out how to spend, save, or invest a lump sum. Maybe a holiday or two. Certainly some charitable donations. Perhaps buy
really expensive ketchup: the finest dijon ketchup5.
But mostly I’d just want to be able to live as comfortably as I do now, or perhaps slightly more, and spend a greater proportion of my time than I already do making charities work
better.
I don’t know if that makes me insufferably self-righteous or insufferably simple-minded, but it’s probably one of those.
Footnotes
1 I’ve been caught describing it as “a tax on people who are bad at maths”, but I don’t
truly believe that (although I am concerned about how readily we let people get addicted to problematic gambling and then keep encouraging them to play with dark patterns that hide
how low the odds truly are). I’ve even been known to buy a ticket or two, some years.
2 While writing this, I decided to retroactively play for last Friday, having not seen
whatever numbers came up. I guessed only one of them. Hurrah! That means I saved £2.50 by not playing!
3 There are, of course, other possible outcomes. You could have missed out on winning a
small prize – the odds aren’t that low – but the solution to this is simple: just keep playing Not The Lottery and you, as the “house”, will come out on top in the end.
Alternatively, it’s just-about possible that you could pluck the jackpot numbers from thin air, in which case: well done! You’re doing better than Derren Brown when in 2009 he
performed a pretty good magic trick but then turned it into a turd when he
“explained” it using pseudoscience (why not just stick with “I’m a magician, duh”; when you play the Uri Geller card you just make yourself look like an idiot). Let’s find a way
to use those superpowers for good. Because what you’ve got is a superpower. For context: if you played Not The Lottery twice a week, every week, without fail, for
393 years… you’d still only have a 1% chance of having ever predicted a jackpot in your five-lifetimes.
4 What if we lived in a world where we did use statistics to think about the
hypothetical questions we ask people? Would we ask “what would you do if you were stuck by lightning?”, given that the lifetime chance of being killed by lightning is significantly
greater than the chance of winning the jackpot, even if you play every draw!
You can install it as an offline-first progressive web application, which means that this could be the first ever digital currency to have an app that works without an Internet
connection. That’s probably something no other digital currency can claim to have, right?
Here’s what it looks like if I send 0.1 EGX to my friend Chris using the app:
Naturally, I wouldn’t be backing Emma Goldcoin if it didn’t represent such a brilliant step up better-known digital currencies like Bitcoin, Ripple, and Etherium. Specific features
unique to Emma Goldcoin include:
Using it doesn’t massively contribute to energy wastage and environmental damage.
It doesn’t increase the digital divide by helping early adopters at the expense of late adopters.
It’s entirely secure: it’s mathematically impossible to “steal”EGX.
Emma Goldcoin is so simple that you don’t even need a computer to use it: it “just works”.
Sure, it’s got its downsides, and I’d encourage you to read the specification if you’d like to learn more about what
those are. Or if you already know what EGX is all about and just want to try a new way to manage your portfolio, give my new site EGXchange.org a go!
£20 for a boiled egg, one piece of toast and a mug of tea?
The story of a modern London cafe…
(Read to end of thread before commenting!)
…
An amazing thread well-worth reading to the end. Went in expecting a joke about hipsters, millennials, and avocado-on-toast… finished with something much more.
The web’s founders fully expected some form of digital payment to be integral to its functioning. But nearly three decades later, we’re still waiting.
Back in the 1990s, when Tim Berners-Lee and his team were creating the infrastructure of the World Wide Web, they made a list of the error codes that would
pop up when something went wrong. You’ve surely encountered many of them: “404 Not Found,”
which pops up if you click on a dead link; “401 Unauthorized” when you hit a page that needs a password; and so on.
Here’s one you probably haven’t seen—and its absence from your life speaks to why the promise of the early web seems increasingly out of reach: “402 Payment Required.”
That’s right: The web’s founders fully expected some form of digital payment to be integral to its functioning, just as
integral as links, web pages, and passwords. After all, without a way to quickly and smoothly exchange money, how would a new economy be able to flourish online? Of course there ought
to be a way to integrate digital cash into browsing and other activities. Of course.
Yet after almost three decades, that 402 error code is still “reserved for future use.” So I still have to ask: Where are my digital micropayments? Where are those frictionless,
integrated ways of exchanging money online—cryptographically protected to allow commerce but not surveillance?
…
In response to this article being discussed on MetaFilter, I wrote:
The Web Payments Working Group published a specification for a standardised mechanism for the collection of card payment details online,
a couple of years ago. It’s not quite the same thing because it’s done in the page application rather than at the HTTP(S) level, but it goes a long way towards solving a lot of the
problems with our existing approach to payment processing online.
It’s already seeing adoption in browsers, but merchants and payment processors are unlikely to start rolling it out until adoption until later because (a) they want critical mass and
(b) they’re wary of change. But within a few years, you’ll probably see it for the first time, and you might not even notice.
The idea is that instead of asking you to fill out an (arbitrary) form, a web page will ask your browser to get payment details from you in a standardised format. That might
mean entering your card details if that’s how you prefer to work (but even if you choose to do this, the form you fill in will look the same every time) but it would instead allow you
to use a payment tool built in to your browser, operating system, or password safe to do it for you. I know that browsers and password safes will offer to try to do this
today, but standardising the format means that they’ll always be able to achieve it.
Once this technology’s in place, there’s nothing to stop HTTP 402’s implementation being completed: all the infrastructure will exist.
The thing about the future is that when it arrives, you don’t even notice. It’s never jetpacks and flying cars: it’s a series of iterative changes, each one predictable after the
completion of the last but the entire ensemble seeming innovative and surprising when taken as a whole.
Spectacular example of why when saving (e.g. for a pension) it’s often more important to save early than it is to save lots. So get saving! Even with an understanding
of compound interest, these numbers can surprise you.
The only time better than today would have been yesterday, and you already missed that boat.
At the very end of last year, right before the subsidy rate
dropped in January, I had solar panels installed: you may remember that I blogged about it at the time. I thought you might be interested to
know how that’s working out for us.
Because I’m a data nerd, I decided to monitor our energy usage, production, and total cost in order to fully understand the economic impact of our tiny power station. I appreciate that
many of you might not be able to appreciate how cool this kind of data is, but that’s because you don’t have as good an appreciation of how fun statistics can be… it is cool,
damn it!
If you look at the chart above, for example (click for a bigger version), you’ll notice a few things:
We use a lot more KWh of gas than electricity (note that’s not units of gas: our gas meter measures in cubic feet, which means we have to multiply by around… 31.5936106… to
get the KWh… yes, really – more information here), but electricity is correspondingly 3.2 times more expensive per KWh – I have a separate chart to measure our daily energy costs, and it is if
anything even more exciting (can you imagine!) than this one.
Our gas usage grows dramatically in the winter – that’s what the big pink “lump” is. That’s sort-of what you’d expect on account of our gas central heating.
Our electricity usage has trended downwards since the beginning of the year, when the solar panels were installed. It’s hard to see with the gas scale throwing it off (but again,
the “cost per day” chart makes it very clear). There’s also a bit near the end where the electricity usage seems to fall of the bottom of the chart… more on that in a moment.
What got me sold on the idea of installing solar panels, though, was their long-term investment potential. I had the money sitting around anyway, and by my calculations we’ll get a
significantly better return-on-investment out of our little roof-mounted power station than I would out of a high-interest savings account or bond. And that’s because of the
oft-forgotten “third way” in which solar panelling pays for itself. Allow me to explain:
Powering appliances: the first and most-obvious way in which solar power makes economic sense is that it powers your appliances. Right now, we generate
almost as much electricity as we use (although because we use significantly more power in the evenings, only about a third of what which we generate goes directly into making our
plethora of computers hum away).
Selling back to the grid (export tariff): as you’re probably aware, it’s possible for a household solar array to feed power back into the National Grid: so
the daylight that we’re collecting at times when we don’t need the electricity is being sold back to our energy company (who in turn is selling it,
most-likely, to our neighbours). Because they’re of an inclination to make a profit, though (and more-importantly, because we can’t commit to making electricity for them when they
need it: only during the day, and dependent upon sunlight), they only buy units from us at about a third of the rate that they sell them to consumers. As a result, it’s worth our
while trying to use the power we generate (e.g. to charge batteries and to run things that can be run “at any point” during the day like the dishwasher, etc.)
rather than to sell it only to have to buy it back.
From a government subsidy (feed-in tariff): here’s the pleasant surprise – as part of government efforts to increase the proportion of the country’s energy that
is produced from renewable sources, they subsidise renewable microgeneration. So if you install a wind turbine in your garden or a solar array on your roof, you’ll get a kickback for
each unit of electricity that you generate. And that’s true whether you use it to power appliances or sell it back to the grid – in the latter case, you’re basically
being paid twice for it! The rate that you get paid as a subsidy gets locked-in for ~20 years after you build your array, but it’s gradually decreasing. We’re getting paid a little
over 14.5p per unit of electricity generated, per day.
As the seasons have changed from Winter through Spring we’ve steadily seen our generation levels climbing. On a typical day, we now make more electricity than we use. We’re still having
to buy power from the grid, of course, because we use more electricity in the evening than we’re able to generate when the sun is low in the sky: however, if (one day) technology like
Tesla’s PowerWall becomes widely-available at reasonable prices, there’s no reason that a house like ours couldn’t be totally
independent of the grid for 6-8 months of the year.
So: what are we saving/making? Well, looking at the last week of April and the first week of May, and comparing them to the same period last year:
Powering appliances: we’re saving about 60p per day on electricity costs (down to about £1.30 per day).
Selling back to the grid: we’re earning about 50p per day in exports.
From a government subsidy: we’re earning about £2.37 per day in subsidies.
As I’m sure you can see: this isn’t peanuts. When you include the subsidy then it’s possible to consider our energy as being functionally “free”, even after you compensate for the
shorter days of the winter. Of course, there’s a significant up-front cost in installing solar panels! It’s hard to say exactly when, at this point, I expect them to have paid for
themselves (from which point I’ll be able to use the expected life of the equipment to more-accurately predict the total return-on-investment): I’m planning to monitor the situation for
at least a year, to cover the variance of the seasons, but I will of course report back when I have more data.
I mentioned that the first graph wasn’t accurate? Yeah: so it turns out that our house’s original electricity meter was of an older design that would run backwards when
electricity was being exported to the grid. Which was great to see, but not something that our electricity company approved of, on account of the fact that they were then paying us for
the electricity we sold back to the grid, twice: for a couple of days of April sunshine, our electricity meter consistently ran backwards throughout the day. So they sent a couple of
engineers out to replace it with a more-modern one, pictured above (which has a different problem: its “fraud light” comes on whenever we’re sending power back to the grid, but
apparently that’s “to be expected”).
In any case, this quirk of our old meter has made some of my numbers from earlier this year more-optimistic than they might otherwise be, and while I’ve tried to compensate
for this it’s hard to be certain that my estimates prior to its replacement are accurate. So it’s probably going to take me a little longer than I’d planned to have an accurate
baseline of exactly how much money solar is making for us.
Hi /r/polyfamilies. After much pestering by people who know us, I finally got around to writing about how my polycule and I organise our finances, and I thought that you might be interested to. The whole thing’s described behind that
link, but I didn’t want to be seen to be gathering karma or self-promoting, so I thought I’d make a text post to briefly explain it:
Us: My partner, her husband and I are three adults sharing a home (plus, this year, their baby girl!). We rented together for several years, and now we’ve got our
first mortgage together. We wanted to come up with a fair way to share our costs (rent/mortgage, bills, shopping, etc.) that wasn’t just “split it three ways”, which didn’t seem fair
given that we all earn different amounts – variable even from month to month as my income fluctuates depending on how many days I spend looking after the baby and what kind of
freelance work I get, and as my partner gradually returns to work (part-time for now) after her recent maternity leave.
Our system: We use a system of 100% means-assessment based on gross income. So in other words, if Alice, Bob and Chris live together, and Alice earns twice as much as
Bob, then she’d be expected to pay twice as much towards their collective household costs, too. And somebody who didn’t earn anything wouldn’t be expected to contribute
anything. We didn’t always use 100%: early on, we used 75% – in other words, a quarter of our costs would be simply “split three ways”, and three-quarters of our costs would be split
in accordance with means-assessment. Make sense?
It’s really easy: The good news is, it’s really easy to do. I’ve made a spreadsheet on Google Docs that’s a simplified version of our
sheet, and you’re welcome to take a copy and use it yourself. Just put in everybody’s salary and what percentage “means assessment” you want to use (0% means ‘simply split X ways’;
100% means ‘split completely according to means’; anything in-between is a balance of the two). Then put in each cost and who paid it (Eve paid the rent, Alice paid for this week’s
shopping, Bob paid for last week’s shopping, etc.) and it’ll tell you who owes money to whom in order to square everything up again.
It’s universal: You don’t even have to be a polyfamily to make use of this, I reckon. It works with as little as two people, and it’d work with any household of
multiple adults, if you wanted it to. It provides a simple, fair, and slightly-socialist way of splitting up the living costs of a group of people who live together and trust one
another.
Let me know what you think!
tl;dr: My polycule and I use a use a spreadsheet to divide up our monthly costs in accordance with our relative incomes, which then tells us who owes money to whom at the end
of each month.
Hi /r/polyamory. After much pestering by people who know us, I finally got around to writing about how my
polycule and I organise our finances, and I thought that you might be interested to. The whole thing’s described behind that link, but I didn’t want to be seen to be
gathering karma or self-promoting, so I thought I’d make a text post to briefly explain it:
Us: My partner, her husband and I are three adults sharing a home (plus, this year, their baby girl!). We rented together for several years, and now we’ve got our
first mortgage together. We wanted to come up with a fair way to share our costs (rent/mortgage, bills, shopping, etc.) that wasn’t just “split it three ways”, which didn’t seem fair
given that we all earn different amounts – variable even from month to month as my income fluctuates depending on how many days I spend looking after the baby and what kind of
freelance work I get, and as my partner gradually returns to work (part-time for now) after her recent maternity leave.
Our system: We use a system of 100% means-assessment based on gross income. So in other words, if Alice, Bob and Chris live together, and Alice earns twice as much as
Bob, then she’d be expected to pay twice as much towards their collective household costs, too. And somebody who didn’t earn anything wouldn’t be expected to contribute
anything. We didn’t always use 100%: early on, we used 75% – in other words, a quarter of our costs would be simply “split three ways”, and three-quarters of our costs would be split
in accordance with means-assessment. Make sense?
It’s really easy: The good news is, it’s really easy to do. I’ve made a spreadsheet on Google Docs that’s a simplified version of our
sheet, and you’re welcome to take a copy and use it yourself. Just put in everybody’s salary and what percentage “means assessment” you want to use (0% means ‘simply split X ways’;
100% means ‘split completely according to means’; anything in-between is a balance of the two). Then put in each cost and who paid it (Eve paid the rent, Alice paid for this week’s
shopping, Bob paid for last week’s shopping, etc.) and it’ll tell you who owes money to whom in order to square everything up again.
It’s universal: You don’t even have to be a polyfamily to make use of this, I reckon. It works with as little as two people, and it’d work with any household of
multiple adults, if you wanted it to. It provides a simple, fair, and slightly-socialist way of splitting up the living costs of a group of people who live together and trust one
another.
Let me know what you think!
tl;dr: My polycule and I use a use a spreadsheet to divide up our monthly costs in accordance with our relative incomes, which then tells us who owes money to whom at the end
of each month.
First up was Domestic Science, with “real life – for now – partners”
Helen Arney and Rob Wells. This pair brought science to life, opening by re-enacting an event from one of their
first dates when they discovered that turmeric contains curcumin, a pH indicator, and demonstrating how this can be used (by first dying noodles with turmeric, and then dipping them
into acidic and alkaline solutions to observe their colour change). Later, they’d go on to perform audience-participation demonstrations of gravitational wobbles (as a mechanism to
detect extrasolar planets), AM radiowave reflection off the ionosphere, and more. They also used us as a live experiment, having us listen to jokes written by comedians of different
genders (but recorded in both male and female voices) and rate them, in order to see if the gender can be determined by the listener. All in all, a really enjoyable first show for the
day.
Ruth and I took our lunch in David Bann’s vegetarian restaurant, here in Edinburgh, which was
delicious, although I probably should have stopped at two courses and not also had desert, as I then spent most of the afternoon waddling around like a fat penguin. I can particularly
recommend the aubergine, chick pea and cashew koftas.
Next up, we went to see Yianni‘s new show, Numb and Number. We’d first seen Yianni in 2006 (we had him take a photo of us with Peter Buckley Hill), and he was
even more brilliant now than he was back then. In this new show, he talks about autism, numbers, and rainbows, in exactly the right order (any other order would
be wrong, right?). Poor JTA was picked on and tricked into coming across as racist, but in the most hilarious possible way.
You might remember that yesterday, Matt was invited on stage to separate
currency for magicians Young & Strange? Well: coincidentally, Yianni
asked Matt what was significant about the sum £88.88, and quick as a flash Matt responded that it was the sum of all of the denominations of currency (1p, 2p, 5p, 10p, 20p, 50p, £1, £2,
£5, £10, £20, £50). He denies it, but I’m pretty sure that he wouldn’t have been able to pull off this trick if he hadn’t have been reminded of this just the previous day.
We retreated to the flat for a haggis dinner and a round of whisky before heading out again. My stomach was already bloated from my huge lunch, and I’m not sure that a large dinner
really agreed with it: I almost required help to roll me up the street to the next show.
We finished our day with Peter Buckley Hill And Some Comedians, still probably our go-to Free Fringe show. This evening, his line-up featured Phill Jupitus of Never Mind The Buzzcocks fame, who talked about the week that he
met a Beatle and two Rolling Stones, leaving the audience laughing themselves to tears. Also in the line-up was Wil Hodgson, a heavily-tattooed former wrestler with a shaved head, who talked mostly about his hobbies of collecting My Little Pony toys. He won
JTA over, I think, when he finished his set shouting “Fuck Laughing Horse!”