Electric Bikes runs on Lighning network

stompix

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Quote from: jseverson on November 06, 2018, 01:37:07 AM

Quote from: Kakmakr on November 06, 2018, 01:01:43 AM

Can Visa or Mastercard or PayPal offer the same service at the same price for micro transactions like this?

Yeah, something similar already exists in Taipei:

https://www.taipeibiketours.com/single-post/2017/06/06/How-to-Use-Taiwans-Youbikes-in-8-Steps

There's a deposit if you pay with credit card, but they're actually a lot cheaper. The other alternative (or rather the main option), EasyCards, can be used to pay for just about any public transportation and is accepted at major convenience stores if I remember correctly.

So yeah, the Lightning Network isn't really breaking any new ground here, but I'd say it's still a very interesting proof of concept. This won't excite you if you've never doubted the Lightning Network, but it should be pretty fun for skeptics.

Now seriously all this hype is making me turn bearish: PPP
Everyone getting excited about this like they've come out of the forest of Amazon for the first time.
The idea is great but it's not something that will revolutionize anything, it's a service that is copying something we have used for almost a decade but via bitcoins and LN.

Like you've said nothing to get excited, it's the normal course, as long as there is demand there will be offer.

I'm actually curious if he plans to offer his service via BTC ONLY.
That would be something that would really color me impressed but at this moment I doubt it.

And for god's sake people....read the whole article:

Quote

The novel design itself, it’s important to note, only pertains to the rental of the payment for the “boosts” and electricity themselves; thus a separate or integrated system would necessarily need to be developed and implemented for the rental of the bike itself.

blocklancer8

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amazingly, more and more ideas are contained and implemented through this blockchain and bitcoin technology. It is increasingly apparent that bitcoin will become a part of everyday life. It will be very easy for people who will join in this cryptocurrency, because the actual work produced can prosper the community.

jseverson

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Quote from: Kakmakr on November 06, 2018, 01:01:43 AM

Can Visa or Mastercard or PayPal offer the same service at the same price for micro transactions like this?

Yeah, something similar already exists in Taipei:

https://www.taipeibiketours.com/single-post/2017/06/06/How-to-Use-Taiwans-Youbikes-in-8-Steps

There's a deposit if you pay with credit card, but they're actually a lot cheaper. The other alternative (or rather the main option), EasyCards, can be used to pay for just about any public transportation and is accepted at major convenience stores if I remember correctly.

So yeah, the Lightning Network isn't really breaking any new ground here, but I'd say it's still a very interesting proof of concept. This won't excite you if you've never doubted the Lightning Network, but it should be pretty fun for skeptics.

Kakmakr

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Quote from: OddEvenBets.com on November 05, 2018, 11:29:47 PM

Quote from: weeklyeth on November 04, 2018, 08:58:22 AM

The Lightning Network developer from Berlin Matthias Steinig has created the system allowing to bring into work Electric bicycles by means of technology of micropayments Lightning Network.

The solution is found at the proof-of-concept stage, however, is already completely functional, including payment service provider. Potentially it can be useful to the companies which are engaged in a hire of city electronics.

As it said in the description of the project on GitHub, on the special display it is possible to choose the desired time of a trip, to scan a QR code and to make payment through a mobile application. After successful payment, the bicycle is activated and is available to a trip.

The payment device at the same time works from the bicycle battery. Three various options of the duration of a trip are at the moment available, and the cost of one minute of driving is established at a rate of 250 Satoshi.

Cost it about $1 per hour. This is not expensive. Good price for electric bike trip.
Where can read more info about this project?
Thanks.

The name, “Lightning Bike” was also a smart marketing move. Grin

Can Visa or Mastercard or PayPal offer the same service at the same price for micro transactions like this?

OddEvenBets.com

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Quote from: weeklyeth on November 04, 2018, 08:58:22 AM

The Lightning Network developer from Berlin Matthias Steinig has created the system allowing to bring into work Electric bicycles by means of technology of micropayments Lightning Network.

The solution is found at the proof-of-concept stage, however, is already completely functional, including payment service provider. Potentially it can be useful to the companies which are engaged in a hire of city electronics.

As it said in the description of the project on GitHub, on the special display it is possible to choose the desired time of a trip, to scan a QR code and to make payment through a mobile application. After successful payment, the bicycle is activated and is available to a trip.

The payment device at the same time works from the bicycle battery. Three various options of the duration of a trip are at the moment available, and the cost of one minute of driving is established at a rate of 250 Satoshi.

Cost it about $1 per hour. This is not expensive. Good price for electric bike trip.
Where can read more info about this project?
Thanks.

denzkilim

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Quote from: weeklyeth on November 04, 2018, 08:58:22 AM

The Lightning Network developer from Berlin Matthias Steinig has created the system allowing to bring into work Electric bicycles by means of technology of micropayments Lightning Network.

The solution is found at the proof-of-concept stage, however, is already completely functional, including payment service provider. Potentially it can be useful to the companies which are engaged in a hire of city electronics.

As it said in the description of the project on GitHub, on the special display it is possible to choose the desired time of a trip, to scan a QR code and to make payment through a mobile application. After successful payment, the bicycle is activated and is available to a trip.

The payment device at the same time works from the bicycle battery. Three various options of the duration of a trip are at the moment available, and the cost of one minute of driving is established at a rate of 250 Satoshi.

I seriously don't know whats the purpose of this rent a bike using Crypto Currencies and this kind of act will not affect the Crypto Market industry in my opinion. Maybe the developer of the Lightning Network just wanted to promote his project with this kind of gesture.
I don't know why we humans want to make easy things more complicated instead of making it easier for us but I'm not against his idea of promoting his project I just don't the sense of making promotion like this. Grin

Quote from: randythered on November 04, 2018, 10:12:02 AM

This is a cool idea and if they became popular would push people to considering the use of bitcoin. Although it's effectively not so different from bikes that already exist it's just that they can only be paid for with bitcoin and not fiat.

It isn't that cool bro, Grin

It only make things complicated rather than making things easy for everyone.

Quote from: squatz1 on November 04, 2018, 10:42:38 AM

Meh.

I don't think anything like this makes sense when you're thinking about how easy it easy to use this now. If we're going to have to wait years for the LN to actually be bug-free and coming to fruition then it's not going to be worth the time wasted. Bikes are already here, people use their credit cards (or cash) at kiosks to get the bikes. Why do we need Bitcoin for this sort of thing?

Makes no sense to me, and this isn't going to increase adoption. We've just introduced an alternative that isn't going to get used.

100% agreed on what you have just said. "Thumbs up"
For me, that is not the right medium of promotion of the Lightning Network project based on my own opinion and point of view and just like you I see no sense about it. Maybe the developer should think other kinds of way to promote his creation and it should be a difficult scenario that could make it easier using the Lightning Network. Grin

Siti Nurbaya

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It seems that this discovery provides a special attraction and this is interesting to be combined in blockchain technology. I think Electrik bikes can provide good developments for bitcoin and crypto, concepts that can get better.

levvv

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Quote from: weeklyeth on November 04, 2018, 08:58:22 AM

The Lightning Network developer from Berlin Matthias Steinig has created the system allowing to bring into work Electric bicycles by means of technology of micropayments Lightning Network.

The solution is found at the proof-of-concept stage, however, is already completely functional, including payment service provider. Potentially it can be useful to the companies which are engaged in a hire of city electronics.

As it said in the description of the project on GitHub, on the special display it is possible to choose the desired time of a trip, to scan a QR code and to make payment through a mobile application. After successful payment, the bicycle is activated and is available to a trip.

The payment device at the same time works from the bicycle battery. Three various options of the duration of a trip are at the moment available, and the cost of one minute of driving is established at a rate of 250 Satoshi.

I think it is a good invention for the future. More peoples will adopting bitcoin to use them if there are real products.
And that is quite cheap, 250 satoshi is a very fair price for electric bicycle. I believe it will create more awareness of bitcoin and crypto with this way.

stompix

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Quote from: bitfocus on November 04, 2018, 10:09:10 AM

Very interesting and innovative idea to rent a bicycle, and cheap! 250 Satoshi = 0.01590466 USD and no hassle of maintenance! Really a great idea!

We already have that for about as long as Bitcoin has existed in Europe without any damn blockchain!

Why the hell do we need to complicate everything just to make it sound cool when we don't have a real solution for making it that easy for anyone. I'm really wondering, how many of those that are so impressed by this feature have ever made a transaction via LN?

Quote from: vit05 on November 04, 2018, 02:33:58 PM

I ask the opposite, why do we need to rely so heavily on 3 parts for such a simple operation?

Credit cards are not perfect. In certain situations they are insecure, they require a lot of information. And they are still not universal, since many people do not have a bank account.

What if you pay and your lock doesn't open?
At that moment you're going to wish you have used a credit card!!!!!

yazher

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Well this is only one of the innovation to come in the world of blockchain, we will see more of this in the coming years. because when they implement something like this more people will be curious and more of them want to try the new technology and some are want to make their own technology as well powered by the block chain technology. so we are one step away to see the future full of block chain technology.

Farahtenan

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A good news and this is able to make an interesting point in the development of technology, if indeed electric bicycle products are able to develop and provide input for a new application will certainly be a superior product.

ngm22585

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Whoa this is very cool

messito

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such news can not but rejoice because we see the practical application of technology and this tells us that the market is moving and developing in the right direction

figmentofmyass

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Quote from: vit05 on November 04, 2018, 02:33:58 PM

Cryptocurrencies could facilitate the use of products where humans interact only with machines. As is the case with these bikes, as is the case with snack machines. It could be the case of self service kiosks that are already widely used at McDonalds.

definitely. it should be just as smooth of a process as the current electric bike and scooter rentals---contactless payment with smartphone.

however, presently, i think the market is quite happy with the current mobile payment options, so i just don't see much impetus to integrate bitcoin---or especially lightning---right now. as it is, establishing LN channels and having transactions properly routed isn't a foolproof process. it's definitely not ready for the masses, especially for products where humans interact only with machines.

Theb

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Technically the bikes are still free, you are just paying the electric support component if you opt out using it. And with a base price of 250 satoshi per minute you are basically paying around .015$ per minute. which is ridiculously cheap for anyone who wants a motor assist in their journey. I think that his business idea's main goal is not for profit but for the introduction to Bitcoin in the growing demand of rental bikes in their area. But surely this kinds of business models don't last as they usually increase their rates once they get popular in the market.

vit05

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Quote from: squatz1 on November 04, 2018, 10:42:38 AM

Meh.

I don't think anything like this makes sense when you're thinking about how easy it easy to use this now. If we're going to have to wait years for the LN to actually be bug-free and coming to fruition then it's not going to be worth the time wasted. Bikes are already here, people use their credit cards (or cash) at kiosks to get the bikes. Why do we need Bitcoin for this sort of thing?

Makes no sense to me, and this isn't going to increase adoption. We've just introduced an alternative that isn't going to get used.

I ask the opposite, why do we need to rely so heavily on 3 parts for such a simple operation?

Cryptocurrencies could facilitate the use of products where humans interact only with machines. As is the case with these bikes, as is the case with snack machines. It could be the case of self service kiosks that are already widely used at McDonalds.

Credit cards are not perfect. In certain situations they are insecure, they require a lot of information. And they are still not universal, since many people do not have a bank account.

squatz1

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Meh.

I don't think anything like this makes sense when you're thinking about how easy it easy to use this now. If we're going to have to wait years for the LN to actually be bug-free and coming to fruition then it's not going to be worth the time wasted. Bikes are already here, people use their credit cards (or cash) at kiosks to get the bikes. Why do we need Bitcoin for this sort of thing?

Makes no sense to me, and this isn't going to increase adoption. We've just introduced an alternative that isn't going to get used.

randythered

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This is a cool idea and if they became popular would push people to considering the use of bitcoin. Although it's effectively not so different from bikes that already exist it's just that they can only be paid for with bitcoin and not fiat.

bitfocus

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Very interesting and innovative idea to rent a bicycle, and cheap! 250 Satoshi = 0.01590466 USD and no hassle of maintenance! Really a great idea!

qiwoman2

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This is really interesting and very innovative. We will see the power of the blockchain and other protocols aligned to it seep into our daily life over the next ten years. I believe the changes will be massive and revolutionary and will help our world shift from old and outdated paradigms to new and better working conditions. I wonder how many other areas it will affect soon and what other good things we will hear coming to us from the blockchain. Electric Bikes are also becoming a popular ride now for the energy conscious so this could be a really good thing for the bikers using electric bikes to get around, that's for sure.

Topic: Electric Bikes runs on Lighning network (Read 287 times)