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There's a Social Network That Costs $9,000 to Join

8 points by mountaineer 12y ago

walterbell 12y ago
> "One out of every 200 people on the planet makes more than a million dollars a year. That’s one half of one percent of the world population. In the United States, it’s one out of every 50. It’s actually people talking about the one percent, but it’s actually the two percent." Good to know. The article would have benefited from a discussion of country club entrance and eviction policy.
- MiddleEndian 12y ago
  >In the United States, it’s one out of every 50. This is blatantly false.
  - walterbell 12y ago
    BCG [1] claims the 2013 proportion of millionaire "households" in the US is 5.9%, which would be 1 in 20 (!). This seems really high. [1] https://www.bcgperspectives.com/content/articles/financial_institutions_business_unit_strategy_global_wealth_2014_riding_wave_growth/?chapter=2#chapter2_section3 https://www.bcgperspectives.com/content/articles/financial_i...
    - MiddleEndian 12y ago
      A millionaire household means that they either have a million dollars in cash or in assets (not sure of the methodology used here) across a household (which can be more than one person). Making a million dollars per year as an individual is another level entirely.
      - kjs3 12y ago
        Considering the median cost of a house in, say, Reston VA is almost $450k, you can see how someone there would have a million in household assets without any other trappings of wealth.
adamnemecek 12y ago
This will fail so hard that it's not even funny.
- krapp 12y ago
  A previous post about this mentioned the site is basically just a Wordpress install[0]. I'm sure if we examine the ashes long enough, we'll find the comedy. [0]https://news.ycombinator.com/item?id=8329582 https://news.ycombinator.com/item?id=8329582
- kjs3 12y ago
  Don't underestimate the self-delusion capacity of the semi-affluent. How long has the "pay me something to be published in our folio of Very Important People" scam been going on, with a never-ending line of suckers willing to pay to be included.
tfederman 12y ago
I'd like to see a social news site that costs something like $25-50 to join. Enough to keep out kids, spammers, and trolls, but not enough to keep out serious adults.
- MiddleEndian 12y ago
  Although I am not a member, Metafilter does this with a $5 cost.
- walterbell 12y ago
  Were you thinking of a one-time fee or annual?

8 points by mountaineer 12y ago

> "One out of every 200 people on the planet makes more than a million dollars a year. That’s one half of one percent of the world population. In the United States, it’s one out of every 50. It’s actually people talking about the one percent, but it’s actually the two percent." Good to know. The article would have benefited from a discussion of country club entrance and eviction policy.

MiddleEndian 12y ago
>In the United States, it’s one out of every 50. This is blatantly false.
- walterbell 12y ago
  BCG [1] claims the 2013 proportion of millionaire "households" in the US is 5.9%, which would be 1 in 20 (!). This seems really high. [1] https://www.bcgperspectives.com/content/articles/financial_institutions_business_unit_strategy_global_wealth_2014_riding_wave_growth/?chapter=2#chapter2_section3 https://www.bcgperspectives.com/content/articles/financial_i...
  - MiddleEndian 12y ago
    A millionaire household means that they either have a million dollars in cash or in assets (not sure of the methodology used here) across a household (which can be more than one person). Making a million dollars per year as an individual is another level entirely.
    - kjs3 12y ago
      Considering the median cost of a house in, say, Reston VA is almost $450k, you can see how someone there would have a million in household assets without any other trappings of wealth.

adamnemecek 12y ago

This will fail so hard that it's not even funny.

krapp 12y ago
A previous post about this mentioned the site is basically just a Wordpress install[0]. I'm sure if we examine the ashes long enough, we'll find the comedy. [0]https://news.ycombinator.com/item?id=8329582 https://news.ycombinator.com/item?id=8329582
kjs3 12y ago
Don't underestimate the self-delusion capacity of the semi-affluent. How long has the "pay me something to be published in our folio of Very Important People" scam been going on, with a never-ending line of suckers willing to pay to be included.

tfederman 12y ago

I'd like to see a social news site that costs something like $25-50 to join. Enough to keep out kids, spammers, and trolls, but not enough to keep out serious adults.

MiddleEndian 12y ago
Although I am not a member, Metafilter does this with a $5 cost.
walterbell 12y ago
Were you thinking of a one-time fee or annual?