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If a new pandemic would happen right now, what do you think it would affect crypto?
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RTO has blown and shown me how out of whack jobs are that they place their business over the mental and physical health of their employees and families.
Man. Remote work was great, but have been asked to RTO for the past three months and my mental health has been shot. Issnt our soul crushing 9-5 enough? Why must we be yanked around like a puppet. Bout to yolo into shit coins and pray for an amazing bull run cause I think my brain is fried
We haven’t been ignoring macros imo. There will be less discretionary spending in 2024Q1. Reasons- the student loan forgiveness plan has been shot down in the U.S., corporate layoffs continue even if they aren’t on the news (check apps like blind), LinkedIn, salaries have stagnated and aren’t keeping up with inflation, Holidays are coming up and those will suck up any liquid cash on the retail side. Come Jan there will be less money in the system and the whales have been hoarding cash these past few quarters. Real estate returns on rental properties are shutting the bed, office real estate will not be renewed given the tug of war between RTO and WFH factions.
>When there is too much renewable generation, the national grid has to pay the generator a significant amount of money to stop generating No, they don't. System curtailment happens all the time and generators aren't always paid for it. Depends on the contract provisions. In an RTO/ISO, they absolutely do not get paid for curtailment.
>Would love to hear about how CAISO fared these past few weeks (being nationally connected and all) CAISO actually fared quite fine. A single text from the government dropped demand by 3,000 GW. No major blackouts or system incidents, due largely to the abundant quantity of storage, the robust demand response programs, and the strength of the grid and CAISO's many interties with the Western Interconnect. I also work in the electricity field, albeit in a regulated state (no RTO/ISO). ERCOT's reserve margin has been declining for years, which some blame on the lack of a capacity market. Without exorbitant energy prices, there's little incentive to build new generation. The $9,000/MWh prices during Uri is a feature, not a bug. A lack of capacity to meet peak demand *is* a problem that can be solved by a larger interconnection, simply because you have more generators that can be fired up to correct interconnect-wide frequency deviations and get your ACE (area control error, but I'm sure you knew that) back in spec before NERC slaps you down or you have plants trip due to under-frequency protection. During winter storm Uri, we have a direct comparison between an interconnected Texas and a connected Texas. El Paso suffered essentially identical winter conditions, but is [connected to the Western Interconnect and had no serious power outages](https://www.texasmonthly.com/news-politics/el-paso-electric-winter-storm-2021/). I'm also sure you've reviewed the [final FERC/NERC study of the largest load shed in American history](https://www.ferc.gov/media/february-2021-cold-weather-outages-texas-and-south-central-united-states-ferc-nerc-and), specifically one area for further study: >Recommendation 25: ERCOT should conduct a study to evaluate the benefits of additional links between the ERCOT Interconnection and other interconnections (Eastern Interconnection, Western Interconnection, and/or Mexico) that could provide additional reliability benefits including: increased ability to import power when its system is stressed during emergencies, and improved black start capabilities. (Winter 2023-2024)