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Topic: Uber or Airbnb running on bitcoin - page 2. (Read 1812 times)

hero member
Activity: 742
Merit: 507
April 28, 2020, 05:50:05 PM
#71
In my opinion, in this situation it is much easier to pay in cash or by credit card, because. The commission for the transfer of Bitcoins will be quite high, and if this is a trip that is very short distance, then this commission may be even more than the amount itself.
full member
Activity: 1190
Merit: 117
April 28, 2020, 05:08:12 PM
#70
Actually there are many companies and merchants who want to provide payment methods with bitcoin. Because they know the potential
of bitcoin as a currency is very good if realized. Especially with the corona pandemic crisis like this is very appropriate for the company
adopt bitcoin. Only the problem lies with the government, which until now is still selfish and does not want to legalize bitcoin as payment.
Because companies must get permission from the government in order to receive payments with bitcoin. Hopefully the government will
soon realize his mistake.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
April 27, 2020, 12:32:50 AM
#69
So, to have those services and more, first, we need to fix the legal status of bitcoin around the world.
Which is obviously going to take a huge time. But once the US starts making bitcoin as legal the other countries will follow suit because they have to stay put with US. Anyway lets not go into the politics of the situation because currently the economic slowdown affected every country and bitcoin legality issues is the least important to them.

There is also the problem with acceptance of bitcoin and its usage for common people, suspicion of being a ponzi which are false. But I guess if it is ever made a legal mode of payment then this barrier might get lifted from the people's mindset and then we might see Cab-hailing services taking bitcoin as payment.

But honestly speaking. I prefer to walk if the place is close or use the public transport, it saves money (almost 10times) and it is good for health.
legendary
Activity: 3346
Merit: 3130
April 20, 2020, 11:00:18 AM
#68
The problem with doing this is the legal status of bitcoin on each country, maybe it could work in the places who see bitcoin as money, but in Mexico, you can't make payments of a product or a service with bitcoin because is not money, is called a 'Virtual Active'. So, to have those services and more, first, we need to fix the legal status of bitcoin around the world.
newbie
Activity: 37
Merit: 0
February 13, 2020, 07:10:30 PM
#67
I remember when both Uber or Airbnb each came out. You could save money using them. Now you can't.

Isn't there any good Uber or Airbnb type products that run on bitcoin?

I was thinking about long distance phone calls. A long time ago you had to pay for that. Then it gradually became free.

I'm surprised that we haven't seen that happen with Ride Sharing or even BnB's. Because think about it, both of those are pretty much commodities in society. By now they should be extremely cheap. They should be just a fraction of what is charged by Uber or Airbnb.

Especially with a ride share product. The driver could just pull over. Pick someone up, and then earn some bitcoin for driving them, to or at least close to their drop off point. But mainly compete heavily on price to disrupt the whole Uber or Airbnb sectors.

Like one day in the same way we say "remember when you had to pay for long distance".... instead people will be saying "remember when you had to pay for a Cab, wasn't that crazy?" I want this to happen somehow soon.  Shocked

What do you think?

Distant phone calls got cheaper by the day because the maintenance to do such deed must've decreased exponentially by the day. In essence, it was probably about an oligopoly controlling a quasi-free technology and charging almost 100% profit for using it. Uber and BNB, in the other hand, actually require serving: pumping gas, driving around, paying tolls, cleaning the room, offering sanitary houses... so it will obviously never be free. For as long as there are costs for driving a cab - the driver's wage and the vehicle's fuel - you'll pay for that. Unless it is subsidized.
legendary
Activity: 2674
Merit: 1226
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February 13, 2020, 10:06:45 AM
#66
Why would bitcoin be able to save you money here? It's just another payment medium, but there's really not enough demand right now to use a specific bitcoin-based service, but if you think there's a gap in the market why don't you create one as you could be the next Uber or Air B & B making billions. Things like travel/transportation and property are not cheap though and cost a lot to both purchase and then keep running hence high prices, but Uber and Air B and B are often cheaper than taxis/hotels. Phone calls are a different matter though because once you have the network up and running the calls are practically free. Unless bitcoin becomes very mainstream - as much as cash or cards - then I don't think we'll see these services and I definitely don't see how doing so would make them cheaper than the rest. The best you could hope for is for more and more businesses to start accepting bitcoin but they probably don't see the demand for it right now as bitcoin is still a very niche thing payment-wise.

Agree here. Anyone who thinks something is a good idea and really believes in it should just go ahead and do it, or find someone who can do it and tell them how it should be designed.

I think people still need to understand that BTC is just another form of money. And just because it's great doesn't make it suitable for all businesses, especially it's not really easy at the moment for travellers to go around with a bitcoin wallet and risk losing it. To me anyway. It would have to be easy like cards to work.
hero member
Activity: 2268
Merit: 709
February 13, 2020, 07:48:25 AM
#65
Generally few companies try to see what innovations could kill them (and therefore appropriate them before others do, to survive). And that's why Uber and AirB&B could be eaten by some very innovative startup.
legendary
Activity: 2968
Merit: 3061
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February 13, 2020, 04:23:45 AM
#64
I remember when both Uber or Airbnb each came out. You could save money using them. Now you can't.

Isn't there any good Uber or Airbnb type products that run on bitcoin?

I was thinking about long distance phone calls. A long time ago you had to pay for that. Then it gradually became free.

I'm surprised that we haven't seen that happen with Ride Sharing or even BnB's. Because think about it, both of those are pretty much commodities in society. By now they should be extremely cheap. They should be just a fraction of what is charged by Uber or Airbnb.

Especially with a ride share product. The driver could just pull over. Pick someone up, and then earn some bitcoin for driving them, to or at least close to their drop off point. But mainly compete heavily on price to disrupt the whole Uber or Airbnb sectors.

Like one day in the same way we say "remember when you had to pay for long distance".... instead people will be saying "remember when you had to pay for a Cab, wasn't that crazy?" I want this to happen somehow soon.  Shocked

What do you think?

Why would bitcoin be able to save you money here? It's just another payment medium, but there's really not enough demand right now to use a specific bitcoin-based service, but if you think there's a gap in the market why don't you create one as you could be the next Uber or Air B & B making billions. Things like travel/transportation and property are not cheap though and cost a lot to both purchase and then keep running hence high prices, but Uber and Air B and B are often cheaper than taxis/hotels. Phone calls are a different matter though because once you have the network up and running the calls are practically free. Unless bitcoin becomes very mainstream - as much as cash or cards - then I don't think we'll see these services and I definitely don't see how doing so would make them cheaper than the rest. The best you could hope for is for more and more businesses to start accepting bitcoin but they probably don't see the demand for it right now as bitcoin is still a very niche thing payment-wise.
hero member
Activity: 1274
Merit: 519
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February 13, 2020, 04:07:58 AM
#63
Quote
Like one day in the same way we say "remember when you had to pay for long distance".... instead people will be saying "remember when you had to pay for a Cab, wasn't that crazy?" I want this to happen somehow soon.  Shocked

I remember when I had to even pay when sending text messages, and now you can do it for free using diffent messaging platform. However, in terms of rising a cab, I doubt if it will ever be free. Uber became a good solution since you can share a ride with other people instead of shouldering the fare solely. It would be great of fares such as taxi fare can be paid through crypto, but there are taxi services that accepts online payment using different online payment platform which I think is a good step.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
February 13, 2020, 03:44:44 AM
#62
Now i can pay for a ride in Uber using bitcoin? If so, in which country?
No you cant. This topic is a discussion about what if they would start accepting bitcoin. Wink

I think the charges need to cut down but not freed completely, because the driver spends time and energy as well as the cost for picking you up from your place to dropping you to your desired location and so, they deserve something in return. The reason why charges have spiked is because of the mind game these companies play where they'd first build up their customer base and once they see there are enough people on the table to be looted, they move out their "expense" gun on our pockets.
Well come on now, you think the yellow taxi services did not do anything like that previously? They run a racket and now they are unhappy that someone else came up with a better idea and are now the dying breed. Still I prefer to have the AC cab for a medium to longer haul than getting burnt in a metal box with a driver who smells like a pack of low cost cigarettes.

Correct this companies knows how to play a good mind games against the public. Once there are lots of people who entertained the service surely they will adjust and bring the business to go on. They've understand how to market their business and they are good studying to bring manifestation to their benefits.
Still you have to know that this is the future. Although whether they would move to bitcoin is still a big question. Back on topic I dont think they will due to the possible dislike from other companies.
legendary
Activity: 2380
Merit: 1150
February 05, 2020, 07:37:10 AM
#61
Uber and Airbnb would need some funds to operate their vehicles. The gas for the vehicles, maintenance, etc would never be free for such vehicles so how could to minimize the charges for these services? And imagine, if ever these services are made free than how vast traffic they would get. Would they even manage to serve each of their customer in this case? I think, NO. That is what makes them remain on the premium line so that they could serve us with extreme benefits.

Some major revolution can make this happen for free but a lot of resources would be needed in order to imply something like this. Also the vehicles should be made maintenance free running on non-renewable sources to cut the costs and make it affordable or free.
legendary
Activity: 3052
Merit: 1273
February 04, 2020, 01:38:25 PM
#60
I think the charges need to cut down but not freed completely, because the driver spends time and energy as well as the cost for picking you up from your place to dropping you to your desired location and so, they deserve something in return. The reason why charges have spiked is because of the mind game these companies play where they'd first build up their customer base and once they see there are enough people on the table to be looted, they move out their "expense" gun on our pockets.
full member
Activity: 1414
Merit: 228
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February 04, 2020, 01:30:08 PM
#59
seeing from the development of hotel needs, Airbnb is perfect for accepting payments via Bitcoin.

for company get profit if bitcoin price up and could sell if worry bitcoin want to be lower price.
making payments with Bitcoin for a company is still relatively difficult.  As you said, the company will profit if the price of Bitcoin goes up, but if the price of Bitcoin goes down, they will be greatly disadvantaged. stable coins are very suitable to be made as a means of payment (such as USDT, USDC, and others).
newbie
Activity: 44
Merit: 0
February 04, 2020, 12:16:22 PM
#58
Now i can pay for a ride in Uber using bitcoin? If so, in which country?
legendary
Activity: 3346
Merit: 1128
February 04, 2020, 05:34:47 AM
#57
It will be nice to see such project running on blockchain but let think of it, for it to be successful, it must be under a regulation which is not in tandem with the spirit of decentralization. Outside that, if you need an emergency booking, delay in Bitcoin confirmation might be an issue.

Especially if you are in rush, bitcoin confirmation will take a lot of time for you to came out of the cab, thus, it will incur doubt if the payment really went successfully through. I rather consider other altcoin to be suitable instead of bitcoin for transportation but up until now, there isn't any platforms that utilizes this system so far, and I think the reason is because of the lack in proper law concerning the tolerance of using cryptocurrency as an alternative to fiat digital payments.
Lightening networks have made bitcoin transactions way lot faster than they usually were. You could send bitcoins just in few clicks and even those would immediately get confirmed as soon as you send those so you can use those systems of payment in uber of airbnb if ever they were the companies which entirely run over the cryptocurrencies. Bitcoin payments are no longer a issue but just there needs to be services try to imply these payments.

It would really be quite beneficial if we could use bitcoins to pay the uber drivers for any distance covered. We could actually even earn some amount of bitcoins by trading or anything else sitting in the cab until our destination arrives and paying the driver with the amount we earned so far. This would be something like riding for free though.
member
Activity: 400
Merit: 12
February 04, 2020, 05:01:07 AM
#56
Accepting bitcoin as mode of payment is well and good but i don't think Uber and Airbnb will accept as mode of payment because the delay in confirmation of transaction takes lot of time and as it is known for its volatility. Bitcoin is a decentralized crypto currencies so it is difficult to accept bitcoin in Uber and Airbnb.

Bitcoin can be accepted as mode of payment in all online shopping this works well but for transportation it doesn't work out.
hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale
February 04, 2020, 02:47:56 AM
#55
Would be natural they sort out for Origianl & Scalable Bitcoin as BSV works

It's about economics and purpose - BTC happily kicked out all business with uasf and PoSM

 Grin
sr. member
Activity: 644
Merit: 364
In Code We Trust
February 03, 2020, 08:20:32 PM
#54
It will be nice to see such project running on blockchain but let think of it, for it to be successful, it must be under a regulation which is not in tandem with the spirit of decentralization. Outside that, if you need an emergency booking, delay in Bitcoin confirmation might be an issue.

Especially if you are in rush, bitcoin confirmation will take a lot of time for you to came out of the cab, thus, it will incur doubt if the payment really went successfully through. I rather consider other altcoin to be suitable instead of bitcoin for transportation but up until now, there isn't any platforms that utilizes this system so far, and I think the reason is because of the lack in proper law concerning the tolerance of using cryptocurrency as an alternative to fiat digital payments.
jr. member
Activity: 494
Merit: 2
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February 03, 2020, 06:28:38 PM
#53
It will be nice to see such project running on blockchain but let think of it, for it to be successful, it must be under a regulation which is not in tandem with the spirit of decentralization. Outside that, if you need an emergency booking, delay in Bitcoin confirmation might be an issue.
hero member
Activity: 2576
Merit: 586
February 03, 2020, 12:29:32 PM
#52
Even if a company starts accepting Bitcoin, they wouldn’t just charge you a particular amount in BTC and stick to that – for example – charging 1000 Satoshis, rather they would charge in dollars and if you want to pay with Bitcoin they will calculate the amount using current exchange rate to convert it to bitcoin. They would need money to keep their company running, and the world runs in fiat and not cryptocurrency, so when you pay the money they are definitely converting it to fiat to save themselves from any plunge in price.

It’s also a normal thing for any start-up to begin with a lower rate, seriously if they begin to charge the same rate with companies that are already well established they would be messing around. They will be able to attract customers with low rate and as time goes on and they become well established they will start charging high rate as well.
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