Topic: [ANN] BitCab - Ridesharing 2.0 for the blockchain age - page 10. (Read 2114 times)
Who sets a price for a run? Does the driver do this or will this be done by the app automatically?
Good afternoon. You’ve got direct competitors that also implement blockchain. Why are u sure that they wont push you out of the market?
Many people arent pleased with the apps available in the market today. In your opinion, will you be able to lure away all of them?
Hello. I recently read on the news that Uber is planning to launch a flying taxi on a particular route. Are you going to implement something like that?
What do you think is Uber's main problem? After a quick melt-up, the company is steadily losing its position.
Hello. Aren't you afraid that blockchain will sometime get under regulation? As this will cause a significant blow to the pace of the platform development.
Good afternoon. I understand that Bitcab is not a corporation. But will you have something like a global set of rules or another document, regulating the relationships between members?
Can any entrepreneur create a small local enterprise? Do i receive a one-time reward for every new driver in referral system, does it work the same as in Uber? Will you be adopting delivery service like Uber is opening up too?
Hello. Does the weight of my vote depend on the number of tokens on my wallet? I believe that for each member should be assigned an equal number of votes.
Hi CAraBuss and thanks for your question! For community-level decision making we plan to stick with "one token = one vote" principle as ownership stake in the ecosystem is a very strong incentive to make decisions in the interest of the ecosystem.
Good afternoon. Can one and the same user play multiple roles in the community? They don't seem contradictory to me.
Hi deort,
Absolutely! This is part of the beauty of being a member of a diverse, flexible ecosystem - you get to wear many hats. E.g., you could money as a Driver and also utilize your network to bring more Drivers into the ecosystem as a Champion to earn additional tokens based on their activity and also play Arbiter role in your spare time when you don't feel like driving but want to make some earnings.
In Airbnb, the age of drivers is constantly checked to make sure that they pay the appropriate amount of taxes. How will this issue be resolved in BitCab?
Can uber - bitcab professionals be paid with project tokens? And what will be the rates for each transaction, for example request a uber (bitcab) for such location, how will the transaction rate be calculated?
Uber sometimes has problems with the law that forces the corporation to pay huge fines. Which country's legislation will govern you?
Will it be possible to use your platform in order to create a local service for search of drivers? The current level of taxi services in my town leaves much to be desired, and i’m ready to change the situation.
Hi Veecker, not sure if I understood your question correctly, but there are a few aspects of local driver search touching on BitCab ecosystem. One is you can of course use the app to catch a ride with a local driver. Another one is you could become a Champion and recruit your local drivers onto the app, creating a sustainable income stream for yourself proportional to their activity on the app in perpetuity!
Interesting project. I will try to check this project.
Thank you for your interest yamazikuza!
Hi. How are u gonna motivate people to become arbitrators? This work is really nervous and i’m afraid that financial stimulation isn enough in this case.
Thanks for your question robinzzon! What is particularly nervous about the role of an Arbiter? All an Arbiter will do is read the case materials and vote one way or the other.
You are raising an important question though about attracting enough people to fulfill all necessary functions on the platform. There are a few parts to this. One will be having a price seeking algorithm which will adjust reward for each service depending on how fast the market clears seeking to get it to clear within a specific timeline for each activity. Another important part is incentivizing Champions to bring more people on the ecosystem to fulfill all the functions.
Hello. On your platform, you can issue loans only in BitCab tokens or there are other variants of cryptocurrencies?
Here’s a question on arbitration: what’s the minimum number of the platform’s participants that is necessary to come to a decision on a case? It’s obvious, that there should be several experts.
Great question bars_kz. Let me quote from our white paper:
Quote
Arbiters specify languages they speak and are matched randomly with requests to review in that language. 3 Arbiters review each application and the request is approved only if all 3 agree it should be approved (if no consensus, request is escalated to a new randomly selected trio of Arbiters). If a particular Arbiter is consistently missing the consensus vote, they will be banned from being an Arbiter to prevent bad actors (e.g., those trying to game the system by approving or denying all requests without reading them)
You can find further details on different roles on pages 16-19 in our white paper: https://bitcab.io/BitCab_WhitePaper.pdf
If one of your drivers violates driving regulations, is he obliged to pay a fine by himself, or you will help him in this?
Good afternoon. Do you plan to expand your platform through adjacent platforms? For example, through a second-hand car selling service.
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