Gresham's Law

https://cyclingindustry.news/contine...arket-product/

--
Andrew Muzi
www.yellowjersey.org/
Open every day since 1 April, 1971

On Thursday, November 14, 2019 at 8:18:39 AM UTC-5, AMuzi wrote:
https://cyclingindustry.news/contine...arket-product/

--
Andrew Muzi
www.yellowjersey.org/
Open every day since 1 April, 1971

Is it your opinion that the continental product was a better product, hence 'Gresham's Law'? I don't know about the Bafang product, but AKAIK Bosch has great reputation for quality and design.

On Thu, 14 Nov 2019 07:18:33 -0600, AMuzi wrote:

https://cyclingindustry.news/contine...arket-product/

Gresham's law doesn't apply. The theory is that given two exchange
currencies, the more valuable currency will be hoarded by its holders
and therefore taken out of circulation. Eventually, the less valuable
currency will be all that's left in circulation (until someone unloads
their stash of the more valuable currency and causes the demand for
the less valuable current to crash).
https://marketbusinessnews.com/financial-glossary/greshams-law-definition-meaning/
While this makes sense for currency, I don't see anyone hoarding their
eBikes so that all that is left to purchase are inferior eBike
products. The key word is "hoarding", which is not a replacement for
competitive pricing, where the cheaper products tend to sell better
than the presumably better and more expensive products. Where there's
no "hoarding", Gresham's law does not apply.

We had a good non-currency example of this recently when PG&E turned
off the electric power for a few days to allegedly prevent starting
forest fires. The necessity and demand for generators immediately
rose. Literally, the first day, the better quality generators were
gone from the stores, while the low quality generators was all one
could find, usually at artificially high prices. Fortunately, it only
lasted about two weeks, as the stores were able to restock their
generators, at high prices, of course. Did they restock with high
quality generators? Nope. Most of what I saw for sale at the local
big box stores was bottom of the line models. It also produced a
supply of "broken" used generators for sale, some of which I've been
considering buying and reselling. Most of them were trashed by E10
ethanol fuel left sitting in the carburetor and are an easy fix.

The article indicates that Continental was selling eBike components to
eBike manufacturers and presumably not selling direct to consumers.
The necessary eBike components have become rather common and
competitively priced, making Continental OEM kits somewhat
superfluous.

--
Jeff Liebermann
150 Felker St #D http://www.LearnByDestroying.com
Santa Cruz CA 95060 http://802.11junk.com
Skype: JeffLiebermann AE6KS 831-336-2558

On 11/14/2019 11:43 AM, Jeff Liebermann wrote:

We had a good non-currency example of this recently when PG&E turned
off the electric power for a few days to allegedly prevent starting
forest fires. The necessity and demand for generators immediately
rose. Literally, the first day, the better quality generators were
gone from the stores, while the low quality generators was all one
could find, usually at artificially high prices. Fortunately, it only
lasted about two weeks, as the stores were able to restock their
generators, at high prices, of course. Did they restock with high
quality generators? Nope. Most of what I saw for sale at the local
big box stores was bottom of the line models. It also produced a
supply of "broken" used generators for sale, some of which I've been
considering buying and reselling. Most of them were trashed by E10
ethanol fuel left sitting in the carburetor and are an easy fix.

Decades ago, I read of a proposal for home heating and home power
generation by using home generators powered by natural gas. The big
efficiency boost would come from utilization of waste heat from the
generator, first to heat home water, then space heating. I suppose a
dedicated hobbyist could give it a try by modifying a commercial
generator to run on NG.

Similarly, the idea of "co-generation" was floated, in which small local
plants could burn a variety of fuels - perhaps including trash - to
generate electricity for a community, and pipe waste heat into nearby
buildings.

If California had either of those systems running, PG&E problems would
have much less impact.

--
- Frank Krygowski

On Thursday, 14 November 2019 12:53:56 UTC-5, Frank Krygowski wrote:
On 11/14/2019 11:43 AM, Jeff Liebermann wrote:

We had a good non-currency example of this recently when PG&E turned
off the electric power for a few days to allegedly prevent starting
forest fires. The necessity and demand for generators immediately
rose. Literally, the first day, the better quality generators were
gone from the stores, while the low quality generators was all one
could find, usually at artificially high prices. Fortunately, it only
lasted about two weeks, as the stores were able to restock their
generators, at high prices, of course. Did they restock with high
quality generators? Nope. Most of what I saw for sale at the local
big box stores was bottom of the line models. It also produced a
supply of "broken" used generators for sale, some of which I've been
considering buying and reselling. Most of them were trashed by E10
ethanol fuel left sitting in the carburetor and are an easy fix.

Decades ago, I read of a proposal for home heating and home power
generation by using home generators powered by natural gas. The big
efficiency boost would come from utilization of waste heat from the
generator, first to heat home water, then space heating. I suppose a
dedicated hobbyist could give it a try by modifying a commercial
generator to run on NG.

Similarly, the idea of "co-generation" was floated, in which small local
plants could burn a variety of fuels - perhaps including trash - to
generate electricity for a community, and pipe waste heat into nearby
buildings.

If California had either of those systems running, PG&E problems would
have much less impact.

--
- Frank Krygowski

Wasn't there a city in Norway that built a garbage burning generating station that was so successful along with recycling that they had to import garbage from other areas in order to keep the generating plant running?

Ah yes. Oslo, Norway.

https://www.nytimes.com/2013/04/30/w...to-energy.html

Cheers

On Thu, 14 Nov 2019 12:38:49 -0800 (PST), Sir Ridesalot
wrote:

On Thursday, 14 November 2019 12:53:56 UTC-5, Frank Krygowski wrote:
On 11/14/2019 11:43 AM, Jeff Liebermann wrote:

We had a good non-currency example of this recently when PG&E turned
off the electric power for a few days to allegedly prevent starting
forest fires. The necessity and demand for generators immediately
rose. Literally, the first day, the better quality generators were
gone from the stores, while the low quality generators was all one
could find, usually at artificially high prices. Fortunately, it only
lasted about two weeks, as the stores were able to restock their
generators, at high prices, of course. Did they restock with high
quality generators? Nope. Most of what I saw for sale at the local
big box stores was bottom of the line models. It also produced a
supply of "broken" used generators for sale, some of which I've been
considering buying and reselling. Most of them were trashed by E10
ethanol fuel left sitting in the carburetor and are an easy fix.

Decades ago, I read of a proposal for home heating and home power
generation by using home generators powered by natural gas. The big
efficiency boost would come from utilization of waste heat from the
generator, first to heat home water, then space heating. I suppose a
dedicated hobbyist could give it a try by modifying a commercial
generator to run on NG.

Similarly, the idea of "co-generation" was floated, in which small local
plants could burn a variety of fuels - perhaps including trash - to
generate electricity for a community, and pipe waste heat into nearby
buildings.

If California had either of those systems running, PG&E problems would
have much less impact.

--
- Frank Krygowski

Wasn't there a city in Norway that built a garbage burning generating station that was so successful along with recycling that they had to import garbage from other areas in order to keep the generating plant running?

Ah yes. Oslo, Norway.

https://www.nytimes.com/2013/04/30/w...to-energy.html

Cheers

That is interesting but I think it is likely that the Oslo plant must
be highly selective in the garbage that they burn as a number of
places in Asia have experimented in using garbage as fuel for a
electrical generation, Singapore comes to mind here, and the net
results is that it is not financially effective as natural gas or some
other fuel is needed to burn the garbage.

But it is possible that garbage in parts of Asia is actually different
from garbage in Europe. For example, we, here in Thailand, buy no
canned goods and almost no food stuffs packaged in plastic or paper.
Indonesia was similar and very probably Singapore and Malaysia are
also similar, and I suspect that China and Japan are similar.
--
cheers,

John B.

On 11/14/2019 5:33 PM, John B. wrote:
On Thu, 14 Nov 2019 12:38:49 -0800 (PST), Sir Ridesalot
wrote:

On Thursday, 14 November 2019 12:53:56 UTC-5, Frank Krygowski wrote:
On 11/14/2019 11:43 AM, Jeff Liebermann wrote:

We had a good non-currency example of this recently when PG&E turned
off the electric power for a few days to allegedly prevent starting
forest fires. The necessity and demand for generators immediately
rose. Literally, the first day, the better quality generators were
gone from the stores, while the low quality generators was all one
could find, usually at artificially high prices. Fortunately, it only
lasted about two weeks, as the stores were able to restock their
generators, at high prices, of course. Did they restock with high
quality generators? Nope. Most of what I saw for sale at the local
big box stores was bottom of the line models. It also produced a
supply of "broken" used generators for sale, some of which I've been
considering buying and reselling. Most of them were trashed by E10
ethanol fuel left sitting in the carburetor and are an easy fix.

Decades ago, I read of a proposal for home heating and home power
generation by using home generators powered by natural gas. The big
efficiency boost would come from utilization of waste heat from the
generator, first to heat home water, then space heating. I suppose a
dedicated hobbyist could give it a try by modifying a commercial
generator to run on NG.

Similarly, the idea of "co-generation" was floated, in which small local
plants could burn a variety of fuels - perhaps including trash - to
generate electricity for a community, and pipe waste heat into nearby
buildings.

If California had either of those systems running, PG&E problems would
have much less impact.

--
- Frank Krygowski

Wasn't there a city in Norway that built a garbage burning generating station that was so successful along with recycling that they had to import garbage from other areas in order to keep the generating plant running?

Ah yes. Oslo, Norway.

https://www.nytimes.com/2013/04/30/w...to-energy.html

Cheers

That is interesting but I think it is likely that the Oslo plant must
be highly selective in the garbage that they burn as a number of
places in Asia have experimented in using garbage as fuel for a
electrical generation, Singapore comes to mind here, and the net
results is that it is not financially effective as natural gas or some
other fuel is needed to burn the garbage.

But it is possible that garbage in parts of Asia is actually different
from garbage in Europe. For example, we, here in Thailand, buy no
canned goods and almost no food stuffs packaged in plastic or paper.
Indonesia was similar and very probably Singapore and Malaysia are
also similar, and I suspect that China and Japan are similar.
--
cheers,

John B.


I don't know from Thailand or Singapore but the Japanese are
the absolute experts on municipal refuse incineration.

https://www.japan-talk.com/jt/new/yo...rning-in-Tokyo

http://large.stanford.edu/courses/2018/ph240/park-h2/

https://www.japan.go.jp/tomodachi/20...echnology.html

I saw impressive municipal incinerator operations in
suburban Tokyo almost 40 years ago and if anything they're
even better at it now.

--
Andrew Muzi
www.yellowjersey.org/
Open every day since 1 April, 1971

On Fri, 15 Nov 2019 06:33:39 +0700, John B. wrote:


https://www.nytimes.com/2013/04/30/w...lo-copes-with-
shortage-of-garbage-it-turns-into-energy.html

Cheers

That is interesting but I think it is likely that the Oslo plant must be
highly selective in the garbage that they burn as a number of places in
Asia have experimented in using garbage as fuel for a electrical
generation,

You have to be selective in the fuel that you pile into any burner idf
you want the fuel to output heat for other processes.

Singapore comes to mind here, and the net results is that it
is not financially effective as natural gas or some other fuel is needed
to burn the garbage.

Burning of garbage is an old method, but it doesn't mean that all garbage
can be used as fuel.


But it is possible that garbage in parts of Asia is actually different
from garbage in Europe.

Yes. different cultures produce different garbage.


and I suspect that China and Japan are similar.

Err, Japan has a culture of paper packaging. Australia has been selling
its forest to make such for many decades.

On 11/14/2019 8:18 AM, AMuzi wrote:
https://cyclingindustry.news/contine...arket-product/

I wonder how this will affect the availability of repair parts, etc.

Life can be tough for early adopters.

--
- Frank Krygowski

On Thursday, 14 November 2019 12:44:44 UTC-5, Frank Krygowski wrote:
On 11/14/2019 8:18 AM, AMuzi wrote:
https://cyclingindustry.news/contine...arket-product/

I wonder how this will affect the availability of repair parts, etc.

Life can be tough for early adopters.

--
- Frank Krygowski

Life can be tough for late adopters too when a product is dropped for something that's touted to be the latest greatest thing.

Cheers