Chargespot currently has a promotion where if you rent it from a 7/11 specifically it will cost 1 yen (a bit less than a penny) for up to 48 hours.

This was fantastic until they started promoting the promotion with push notifications, and now there are ~0 chargers available.
On one hand, great demonstration of microecon 101. I was contributing to the problem; I'd just rent a new one on spec every morning regardless of whether I'd need it because I go to my local convenience store daily anyway and might need walking-around power at some point.
So I guess my advice is Charge More so people can charge more?

OK, obligatory joke out of the way, here's the reason why they'd give this service away for a month: 7/11 is fairly clearly paying them to, to buy foot traffic. Each rental/return cycle causes two trips in.
Which also explains why they'd be willing to burn a push notification on this promotion even for relatively active users of the service when it costs money, versus e.g. spending the development time and user attention on direct revenue generation.
Somewhat ironically, I considered walking an extra 20 meters to the next convenience store ("Tokyo problems") this morning because they're not 7/11 and so I assumed [+] they'd have power available for rental.

[+] Of course it's in the app but I'm a bit lazy w/r/t convenience.

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More from @patio11

20 Oct
"Ah I will just quickly make a change to that old hobby project. Let me boot up the VM which has the only working development environment for this 2012-era Rails app."

*VM fails to boot on M1 Macbook*

"Oh no."
That was an hour or two ago, and I've been untangling the dependency tree to find some combination of software which is young enough to run on this processor but doesn't have total incompatibility with e.g. Rails 3.2.21.
I had finally gotten through fiddling with a bunch of gem versions, bundle installed successfully, DB re-created successfully, tried to install the seed data and then:
Read 9 tweets
19 Oct
So if you have exactly my set of interests you'll buy this book on title alone:

The Dragon's Banker

It absolutely delivers on all promises of that title, and I'd rate it maybe 4/5 for writing and 5/5 for vicarious adventure capitalism thrills.

amazon.com/Dragons-Banker…
I bought it yesterday and couldn't put it down.

My other favorite in this extremely specific genre is the Dagger and the Coin series, which as a banking/dragon crossover suffers from too little banking and too few dragons, but is otherwise one of my favorite fantasy series ever.
Back to DB: I want to spoil all the ways it is both a good and frustrating account of banking for a dragon but they'd be spoilers, and part of the joy of the book is "Hah nice idea but he hasn't thought of HOLY #%*#(* HE HAS."
Read 4 tweets
18 Oct
The $850 million was covered with an emergency equity injection (organized among large Tether customers), but I think industry observers have not yet cottoned onto the practical equivalency of that seizure and a fine for money laundering.
Tether has held out hope, including when raising the equity (the LEO token), that the money seized from Crypto Capital Corp's accounts will be restored to them after they demonstrate that they are the beneficial owners. Many people seem to believe this is the natural outcome.
I think the natural outcome is closer to "Oh if you are indicted by multiple governments for money laundering including for Columbian cartels then whichever jurisdiction the money was seized in will probably keep it and maybe, maybe, maybe we investigating governments divvy it."
Read 7 tweets
17 Oct
It always struck me as absolute madness back in my software days a) how much working on the checkout drove sales relative to any product thing I could do for equivalent work and b) why I had to do this, because shouldn’t it be a solved problem.

Glad we’re working on it.
The fundamental thesis of Stripe Checkout is that if you have less than a thousand engineers working for you there is no way to have a sufficient number of them working on your payments UX.

We centralize this engineering effort to keep you and your team free to do actual work.
This also lets us get returns to specialization, chase marginal opportunities which make no sense for most individual customers given effort involved but which are great probabalistically across network (“+1 bps for all Japanese customers transacting in dollars? AMAZING”), etc.
Read 8 tweets
15 Oct
CFTC fines Tether $41M and Bitfinex another $1.5M.

cftc.gov/PressRoom/Pres…

I doubt that is the last shoe to drop.
“Well at least they were 100% solvent 27.6% of the time instead of 27.6% solvent 100% of the time.”

Yeah but I wouldn’t put that second achievement past them yet!
Note the non-disparagement clause in the order that Tether will, with absolute night follows day certainty, break, and probably within the next 48 hours.

Because they just can’t help themselves.
Read 9 tweets
15 Oct
A Japan anecdote on the hospitality industry: after being shown our seat at a hotel’s (very nice) buffet it was explained:

“While of course your children are welcome to anything at the buffet if they are hungry and you don’t want to be rushed we could give them prepared plates.”
“Oh sure.”
“Would you like a plate built around [fish / meat / curry / other mains]?”
“Two of the noodles.”

*They arrive in under a minute.*

“Please take your time in browsing the buffet.”
And of course because Japan they’re nutritionally balanced and presented well. (Someone cared about making the colors pop.)
Read 4 tweets

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