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While consuming a succulent chinese meal last night, I decided to do a little research into the company who produces the duck sauce packets. Hidden businesses like this are always interesting to me, even if I find the quality of soy sauce in these packets to be so far below par I can't stand to use them. The NY Times had a great little article from 1994 on the same corporation. Interesting to see single serve packaging as a somewhat recent innovation instead of so ubiquitous as to be background noise.
As any article would, the footer was packed with items to read next, which led to an expose on the hustlers "gamifying" the load balancing algorithms for Citi bikes. That's a bit too polite of a way to put it. The TL;DR: is that some folks have figured out the precise algorithm used to pay volunteers, including timing intervals and calculations behind the scenes. Volunteers of a high status get unlimited bike unlocks, and have formed gangs that empty whole racks, move them a trivial distance, then move them back, to pull down up to $6,000 a month.
A small group of people purposefully wiping out whole bike racks for commuters, all day every day for their gain is about what you'd expect in 2024. I respect the reverse-engineering and black-hattery of it in many ways, but it's not what the system needs or what the algo was built for.
The comment section is perhaps even more enlightening than the article. The "journalist" spent quite a bit of time running interference for the gang, with the classic playbook of repeating how much money Lyft makes and bitching about the downsides of the gig economy. To Lyft's credit, they basically said this is a rounding error and they don't care, but I think that has more to do with the pragmatism of any reasonable algorithm being exploitable in some way. How do you stop this without punishing poorly paid volunteers who are already a huge step up over contractors? Not easily, and solving problems for the 1% of troublemakers is often a road to hell.
I’ve long wondered why people are habitually renting e-bikes. They’re much cheaper and easier to store than cars, so I’d point to the usual reasons given as not applying.
Like, it might be trendy social contagion, but you’d think people would notice that just buying the things is the better deal.
Because, depending on the program, it can be significantly cheaper than owning. In Pittsburgh, the bikeshare program charges $120/year for a subscription with unlimited 30 minute rentals. Compare that to owning one, which is going to cost at least $2,000 for one that's worth buying, and comes with the attendant maintenance and theft risk. Compare that to transit, which in Pittsburgh is over $1,000 for an annual pass and requires you to operate on their schedule. Compare that to a parking lease, which is going to run you between $170 and $350 per month depending on where it is. And the network of stations is much larger than I would have thought, covering pretty much the entire East End plus the South Side and most of the lower North Side. (It should be noted that other parts of the city are cut off from any potential bike network by extreme topography and dangerous roads. This is doable for some people, but most will balk at the idea and it's certainly a liability nightmare.) For a certain kind of person, this subscription makes sense. Based on the pay-as-you-go rates, this makes sens for anyone who thinks they're going to use the service 20–30 times per year. I can't speak to how this works in New York or any other city.
Ok, this makes sense why you wouldn't buy one, but I have questions about the economics- are there just huge numbers of people who buy a subscription but prefer cars and only use it twice a year, or is this the product of a low interest rate environment?
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Seems like the math will make sense for any young person who doesn't have kids nor a need to carry large loads around, and for whom a car + insurance + gas + parking would be a serious burden.
I don't know as much about the associated expenses of owning a bike, but reducing the risk of theft takes a pretty decent concern off your mind.
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