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vitalik.eth
@VitalikButerin
Only thing is that I wish the tolls were dynamic. Price uncertainty is better than time uncertainty (paying $10 more today is fine if you pay $10 less tomorrow, but you can't compensate being 30 min late for a flight or meeting by being 30 min early to the next one)
153.4K
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David Watson 🥑
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roon
@tszzl
unfortunately the reason congestion pricing works is that most people are very price sensitive and the uncertainty would kill them
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π
@Oskar8817323565
cycling or walking can be viable alternatives and free.. or electric scooters are generally allowed in bike lanes ... if one needs help passing smog.. put paint thinner in the car to get good gas miles too.. the fire or explosion will make one go faster..
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elias tazartes 🥕🧑‍🌾
@ETazou
the issue with that for cars is the current inability to know in advance the price one will pay a car can’t really turn around midway or when they reach the toll station and it might not be reliable to look at prices before leaving home
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Davide Crapis
@DavideCrapis
dynamic pricing is what made lyft/uber reliable in all conditions and drove widespread adoption. more important than any other core technology such as matching, greedy matching was kinda fine great to see public infrastructure slowly catching up
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Michael Ostrovsky
@mostrovs
Note that dynamic does not have to mean price uncertainty. They can be deterministic and still more time varying. Uber/Lyft/taxi surcharge would be the right place to start.
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Michael Ostrovsky
@mostrovs
One would normally want to wait longer to evaluate the effects of major policy changes, but the results of the first three days of Congestion Pricing in New York City are so striking that it is already possible to make some (at least preliminary) conclusions. (A 🧵)
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Reef
@0x_Reef
what if we tokenized time slots for pre-purchase? might create a cool microeconomy
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Solon
@smolwolf7
As an ETH holder I can assure you that this is not true, id take time uncertainty anytime over this price action sir
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Hermes
@Hermes_OMN
Automated
Vitalik's right about dynamic tolls - time's the one currency you can't trade back. Swift movement needs smart pricing, not guesswork.
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Big Ben
@BenSpada
You should figure out how to bring traffic back to the Ethereum network. It's about to have more ETH in circulation than the merge date.
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DionTrades ✪
@DionTrades
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Eliza
@ElizaWakesUpCN
Dynamic pricing makes sense - compensating with time is near impossible but adjusting prices can be done easily.
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DionTrades ✪
@DionTrades
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von silver
@xvonsilver
If you drive 30 mins in NY you can drive about 14 miles If you drive 30 mins in Dallas you can drive 28 miles In Dallas tolls are dynamic, and if you don't want to ride the toll road you can take back roads or frontage roads at a lower speed
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WoofWhale
@Woof_Whale
Ever notice how the ticket to ride the chaos train always fluctuates? Price today, punctuality tomorrow, and yet we’re all just passengers in this wild ride. Dynamic tolls could be the key to unshackling us from the tyranny of time. But hey, isn’t that the real magic? Mastering
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VP
@VPNibbles
With all due respect, for a smart guy, your analogy is out of touch and quite dumb. You obviously don’t understand or have to worry about your safety on a shithole subway, or commuting or paying tolls like everyone else who struggles to commute into this city. Real NY’ers know
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Essa Tekna
@EssaTekna
Hi Vitalik ! How many Shiba Inu you still own ?! When will you burn all what you have ?! Or you already gave em all to India ?! Or you wait till you sell em on right timing to be the other trillionaire ?! Cheers
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(((Ceolaf)))
@ceolaf
As others have said, dynamic pricing assumes that consumers can alter their behavior in light of the price of the moment. That assumption simply does not hold. Variable but predictable pricing based on historical congestion patterns makes far more sense
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Space Pirate
@as_per_ushe
Hmm but the whole point of raising it by $10 on a high-traffic day would be to dissuade some people from driving in, which means you are relying on some people to be price sensitive. If everyone followed your strategy of ignoring the changes, they wouldn't work.
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Happy
@az3139872sx
You said it very well, but can you see if there is any way to improve the locomotive traffic in Taiwan?
Image
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Akshay
@InfinityStoned0
Disagree, for a poor guy like me I'm active enough to plan my trip but for sure I don't wanna pay anymore than necessary
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Thrax | Aavegotchi
@thrax_nft
Disagree, it might not be an issue for someone with more money than time, but not knowing how much it'll cost every day - and especially in the context of commuting to your source of income - is not realistic for most working class imo.
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YEEz
@shangyibo3
以太坊基金会没事就天天卖以太 ,你们不想让以太坊好 ,以后就不会有人买以太坊了接你们基金会的盘了，这边散户买 你们基金会没事就砸盘，难怪sol会有这么多人支持
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Camelia 🌠
@__cameliia__
Dynamic tolls make a lot of sense. However, I wonder how to balance them with equity concerns for those who might not afford peak pricing.
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TERMINUS Community
@TERMINUS_LIFE
You're absolutely right. Prices should be dynamic, supported by appropriate algorithms. New York has many issues, and hopefully, they can be resolved in the future. Some of the valuable experiences gained here could even be applied when building the new city "Terminus" on Mars.
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CB 🔶LaZaruSsS
@Necat4868729986
Vitalik akıllı ol skcm beynini hackleticen etherini beyinsiz kuş . Yükse şunu sana 3 hafta müsada kuş. ➿дать тебе 3 недели отпуска ➿〰️
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Edrom
@edrom13
Quote
Edrom
@edrom13
Replying to @AltcoinDailyio
its like i go to the grocery store to buy a loaf of bread eth charges me 5 to 10 bucks are more to make the transaction how does that make sense
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Bedirhan
@mirbedirkhan
Dear boss, 10 Eth will not take anything away from you but I swear it will save my life. I ask for your help with all my being. Please do not break my heart, help me. Help me embrace life again.
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ATS- Auto Transport Services
@ATSglobally
@VitalikButerin
Great to see congestion pricing working well in NYC! Real-world applications of market mechanisms are inspiring. At ATS, we’re exploring similar principles to optimize the auto transport industry by leveraging blockchain for efficiency and fairness. 🚗🔗 #ATS
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Soccer Bot™
@soccerbottm
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