Monday, May 20, 2019

More Uber BS

Again with the mega BULLSHIT in reporting on the crisis in the taxi industry. Consider this disgusting paragraph from the NYT report:

"The medallion bubble burst in late 2014. Uber and Lyft may have hastened the crisis, but virtually all of the hundreds of industry veterans interviewed for this article, including many lenders, said inflated prices and risky lending practices would have caused a collapse even if ride-hailing had never been invented."

If the article were truthful, it would have instead said,

"The medallion bubble burst in late 2014. Uber and Lyft CAUSED the crisis, but virtually all of the hundreds of industry veterans interviewed for this article, including many lenders, said inflated prices and risky lending practices MAY HAVE caused a collapse even if ride-hailing had never been invented."

Why do they publish such misleading BS? Are the writers ignorant? Or are they dishonest?

For those who still don't understand, here is the skinny. The crisis was precipitated when governments allowed corporate power to buy and muscle their way around existing taxi regulations.

It's that simple.

NYC Taxis Medallions and Suicides

Saturday, May 18, 2019

Taxi Safety

To Styx's point about the internet, "People are too fucking saturated with material all the time to actually go out and snap and be violent."

Right on man!

It totally jibes with my observations over the last few years as a cab driver.

Pre-internet, a lot of passengers with a chip on their shoulder, or bored with existence, or terrified about the cost, or just looking for trouble would focus their attention on the driver. He should have run that yellow light, or cut through that alley or parking lot, or the meter is somehow rigged, or he is "going the long way around," or driving too slow, or driving too fast, or going exactly the speed limit, or "what nationality are you, I mean, originally."

They don't even ask whether anyone has ever puked in your cab anymore.

They are on another planet.

Since so many of them are now glued to their zombiephones, most of those "issues" have evaporated into the ether.

While I am absolutely no fan of the digital zombiefication of the population, this phenomenon did not escape my attention.

Forget about cameras and shields. Just install tablets and free wi-fi in all taxis.

Saturday, May 11, 2019

You Can't Eat Your Cellphone but...

Holy molie!

I was listening to Peter's podcast when he started talking about Bitcoin. He speculated that the average cellphone contains $30 or $40 worth of gold. So I decided to Google the question and quickly learned that the average cellphone actually contains $1.82 worth of gold!

I just threw out one of my old cellphones a while ago. I wish I had used Google first. "There's more gold in a pound of electronics than a pound of gold ore, so it's certainly worth it."

I start to wonder if I should have thrown out my old TVs and computers as well. Should I buy a smelter from Amazon for about CDN$ 659.59 plus FREE Shipping?

Should I have held on to that cellphone? Currently, $1.82 US is worth about $2.43 Canadian. Yeah, it's a pretty big package for storage of a measly $2.43 so when it comes down to it, I ask which would I rather own? A one-ounce Canadian Maple currently worth about $1285 US, or 706 used cellphones weighing about 2,824 ounces? 2,824 Ounces = about 176 pounds. Does anybody buy used cellphones?

Also, there are over 7 billion cellphones in the world today, representing some US $12.74 billion worth of gold. There are more cellphones than there are peoplekinds.

I'm just kicking the can around here but I think I can draw at least one conclusion. Maybe you can't eat your gold, but without it, there can't be any Bitcoin either.

And then there are computers and TVs, and so on.

Oh, and one more thing. When Peter asked the audience how many of them own gold he's right. They should have all raised their hands.

More Uber BS Again with the mega BULLSHIT in reporting on the crisis in the taxi industry. Consider this disgusting paragraph from the NY...