What is shared economy? What does he have to do with bitcoin?

[alisa1990]

Heard that the sharing of the economy can also drink bitcoin associated, then what is the share of the economy?how does the connection with he and bitcoin?

[1715473586]

1715473586

[1715473586]

1715473586

[1715473586]

1715473586

[groll]

According to this site www.investopedia.com/terms/s/sharing-economy.asp sharing economy means  an economic model in which individuals are able to borrow or rent assets owned by someone else. The sharing economy model is most likely to be used when the price of a particular asset is high and the asset is not fully utilized all the time.

How to connect it to bitcoins, its not clear to me but this article may help https://news.bitcoin.com/bitcoin-sharing-economy-hand-in-hand/.

[kingaltcoins]

The shared economy is a type of business built on the sharing of resources, allowing customers to access goods when needed.
Think of AirBnb or Zipcar.

Shared economy is nowadays becoming a nationwide tend to this generation and forthcoming generations. While sharing goods has always been a common practice among friends, family and neighbors, in recent years, the concept of sharing has moved from a community practice into a profitable business model. This increasing legitimacy is reflected in the more polished terms used to describe the phenomenon like peer-to-peer (P2P) networks, collaborative consumption or the access economy.

[entrepmind23]

Heard that the sharing of the economy can also drink bitcoin associated, then what is the share of the economy?how does the connection with he and bitcoin?

Shared economy means that you will be able to use other properties by renting them because they are not using them at the moment. Example of this that are quite famous nowadays are AirBnb, Grab Taxi and Uber Taxi. It has become a trend because instead of just letting your property go to waste, you can let others use it for profit. The common payment used is credit card in which they will go through banks and will have to wait for days or weeks for payments to be cleared. This is where bitcoin comes in. If the payment is through bitcoin then it will be received instantly. The disadvantage on this one is that the customer may not be aware of bitcoin yet so you need to introduce it to them first before you can receive the payment or will find alternative way for the payment other than bitcoin.

[mrhelpful]

Despite what everyone thinks, until you actually use these services I have to disagree on most comments.

The traditional payment still seems way better - incase of fraud / esp with the uber situation where most are aware that uber accounts can be bought on darknet and if I was the victim bitcoin in this case would not be helping out the situation for all those rides.

[camohitmishra]

Shared economy means (and its just my common sense) that all the resources can be shared. This helps in optimum utilisation of resources which in turn increases th productivity.

Its an intelligent way of utilisin resources but even better way is the "Profit sharing". In  shared economy each person will hav to put efforts but in Profit sharin only a certain people need to put efforts and everyone shares the profits.

[Dudeperfect]

Through best of my knowledge I would say, Shared economy is something that makes optimum utilization of resources which are not being used or used at its lower potential.
Example : If I am in construction business and I regularly use JCB machines on my construction site and If I saw my friend just bought a new JCB machine for future use and the machine is ideal at the moment. I will hire his machine and utilize it in my construction site without purchasing a new one. Everyone will get benefit from this, me because I got machine at comparatively low cost (rent and purchase), my friend because he got some money from his machine (which he wanted to keep ideal).

[Samadur]

Laws affect the general economy and cryptocurrency Bitcoin. For example the higher the demand on it - the greater the price. Resources, which are a little too expensive.

[Oralmat]

Laws affect the general economy and cryptocurrency Bitcoin. For example the higher the demand on it - the greater the price. Resources, which are a little too expensive.

Shared economy is a new concept and bitcoin can play a much better role in it because of the characteristics of this currency.
Bitcoin can be better used in shared economy to utilize all the potentials of the currency.