At the #AAS237 conference yesterday I went to a panel discussion on the effect of large constellations of satellites on astronomy from the ground. The thousands of satellites @spacex and others want to launch are a serious problem. 1/n

@SpaceX The launch of so many satellites might change the appearance of the night sky for ever and the trails they leave in astronomers' cameras and the potential for interference with radio telescopes are serious problems 2/n
@SpaceX Those problems are particularly acute for those searching for near-Earth or threatening asteroids, for example, though any large survey of the sky is affected. 3/n
@SpaceX It was good to see @spacex, Amazon's Kuiper project and @oneweb present, and to hear that the latter have dropped their plans from more than 40,000 satellites to 'only' 6372. All the speakers were positive about working together. 4/n
@SpaceX @OneWeb And a lot has been done. All three companies talked about making sure their satellites were fainter than 7th magnitude soon after launch, which would make them invisible to the naked eye and avoid the worst problems for large surveys 5/n
@SpaceX @OneWeb .@spacex satellites launched since August have had sunshields to reduce their brightness, and they change orientation en route to their orbit, which is all good. It was encouraging to hear other companies talking about similar measures. 6/n
@SpaceX @OneWeb But. I remain very concerned. Firstly, we're essentially relying on good will - for these companies to spend their money reducing our problems. No regulation yet compels them to do so and any new operators could ignore astronomy. 7/n
@SpaceX @OneWeb On top of that, all three commercial speakers had latched on to 'mag 7' as a target. Yet, as Tony Tyson from @VRubinObs reminded us, at that brightness a satellite is 40 million times brighter than a typical galaxy in the survey 8/n
@SpaceX @OneWeb @VRubinObs Making up for the presence of thousands of satellites at that sort of brightness probably doesn't mean clever programming or statistical tricks, though they will help. It means running one's survey for longer to get the same scientific return. 9/n
@SpaceX @OneWeb @VRubinObs That means more money will be needed for operations, analysis - and for the staff to do these things. 10/n
@SpaceX @OneWeb @VRubinObs For big projects like @VRubinObs, that means an additional cost of millions of dollars. For smaller projects, which are cash strapped, it means finding funds to pay postdocs and students to keep the show on the road. 11/n
@SpaceX @OneWeb @VRubinObs As this is a cost on the research community caused by commercial entities I asked whether anyone had thought about mitigating it. There was - literally - silence from the commercial reps. 12/n
@SpaceX @OneWeb @VRubinObs It's great that they're taking actions to reduce the effect of their satellites. But if they want to be viewed as collaborators in our science, they should pay to fix the problems they're about to cause. 13/n
@SpaceX @OneWeb @VRubinObs What would be loose change for @spacex or @amazon would be make or break money for most astronomical projects. One of the speakers asked astronomers to do more research - well, research needs funding. 14/n
@SpaceX @OneWeb @VRubinObs @amazon And until someone addresses that, the general tone of the discussion, consisting of diplomatic gratitude and relief that large commercial companies are willing to engage with the problem at all, rather sticks in my craw. 15/15.

More from Tech

Recently, the @CNIL issued a decision regarding the GDPR compliance of an unknown French adtech company named "Vectaury". It may seem like small fry, but the decision has potential wide-ranging impacts for Google, the IAB framework, and today's adtech. It's thread time! 👇

It's all in French, but if you're up for it you can read:
• Their blog post (lacks the most interesting details):
https://t.co/PHkDcOT1hy
• Their high-level legal decision: https://t.co/hwpiEvjodt
• The full notification: https://t.co/QQB7rfynha

I've read it so you needn't!

Vectaury was collecting geolocation data in order to create profiles (eg. people who often go to this or that type of shop) so as to power ad targeting. They operate through embedded SDKs and ad bidding, making them invisible to users.

The @CNIL notes that profiling based off of geolocation presents particular risks since it reveals people's movements and habits. As risky, the processing requires consent — this will be the heart of their assessment.

Interesting point: they justify the decision in part because of how many people COULD be targeted in this way (rather than how many have — though they note that too). Because it's on a phone, and many have phones, it is considered large-scale processing no matter what.
What an amazing presentation! Loved how @ravidharamshi77 brilliantly started off with global macros & capital markets, and then gradually migrated to Indian equities, summing up his thesis for a bull market case!

@MadhusudanKela @VQIndia @sameervq

My key learnings: ⬇️⬇️⬇️


First, the BEAR case:

1. Bitcoin has surpassed all the bubbles of the last 45 years in extent that includes Gold, Nikkei, dotcom bubble.

2. Cyclically adjusted PE ratio for S&P 500 almost at 1929 (The Great Depression) peaks, at highest levels except the dotcom crisis in 2000.

3. World market cap to GDP ratio presently at 124% vs last 5 years average of 92% & last 10 years average of 85%.
US market cap to GDP nearing 200%.

4. Bitcoin (as an asset class) has moved to the 3rd place in terms of price gains in preceding 3 years before peak (900%); 1st was Tulip bubble in 17th century (rising 2200%).

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