To me this is an example of extravagant and inefficient use of money.
Instead, it should have been used to find a huge pool cavity somewhere high on one of the Hawaiian mountain or enlarge one. And then pump up the water to the pool when the electricity is cheap, and release/generate electricity when it is in demand. Stupid and robust implementation that just works and certainly less expensive than $219M.
That's pretty cool - reminds me about an experiment of improving small fridge efficiency by adding insulation on the sides of the fridge. In the end it worked out favourably for energy efficiency angle.
Great points...believe it or not it happens, but privately, in a case by case manner. Also why do you think companies and founders are in the business of making employees wealthy?! What is the specific reason for all of these being implemented?
Where exactly I “leave lies”? That’s a serious allegation and is thrown very casually here, as if it is self-obvious.
What he says and what will actually happen is two different things, especially
in politics.
If you have actually examined the URL I’ve posted, you might (maybe?) realize that money isn’t exactly the problem in the SF municipal budget. Maybe it is something else, like ehm.. actual governance?
And where exactly these taxes will go? From pockets of CEOs to pockets of ... municipal bureaucrats, whose median salary floats at a humble mark of 175K/year?
Look, believe it or not, I am in the same boat - never had issues with paypal, but neither I'm a heavy user. Randomness and the severity of paypal actions is a huge issue for me.
The subject of the discussion is paypal's surprise wedding with crypto. As stated in the above comment, my argument is: from customer perspective it is a bad, crazy proposition.
Hey, paypal has a loooong history of random, inexplicable deplatforming of customers, and mixing that corporate attribute with crypto makes sense only on executive powerpoint slides.
This is a hilariously uninformed statement.
Which cryptocurrency?
I'd even argue that the juggernaut BTC was _designed_ to be trackable, and as the recent history shows, law enforcement successfully and multiple times did exactly that when needed - tracked, identified and penalized bad actors.
I've got the invite to paypal's beta program for crypto. Honestly, you've got to be mad to be dealing with paypal. I've read anecdotes from people, losing access to their accounts, locked up money in paypal, etc... It all seemed to be just stories, seemed rare, circumstances unclear. Until one day this summer, out of the blue, paypal demanded ID of my spouse (for her account), and then after reviewing it, "permanently limited" the account, gloriously exclaiming:" Aha, we got your information, now you won't be able to use your current account nor open a new one!"
Trying to get to the customer support is yet another saga, and I will spare your time, but the net result is nil. Nobody in the support knows why the ban happened (there was no real reason to ban a paypal customer with over 8+ years, buying some random stuff on ebay), nobody can revert it, nobody really cares and there are no appeals.
Receiving a note from paypal today regarding crypto looked like a bad, really dumb joke to me and an insult for my spouse.
You gotta be completely clueless or insane to trust this shitty company with your crypto. One of the key points for crypto is the lack of "deplatforming", which the sinister paypal does left and right, at the same time not even being able to explain its actions, nor comprehend consequences.