Uber or Airbnb running on bitcoin

[xZork]

If a service only accepted bitcoin it would likely charge insane prices to stay afloat. (Supply and Demand)

I really like bitcoin but I still need to say that bitcoin is not suitable for being a payment currency. Bitcoin is too slow and has a high cost, imagine you have to wait for hours to pay for a cup of coffee. Besides, the number of bitcoins is too small, 21 million bitcoins is not enough to become a currency.
Certainly in the future should have a currency fast and cheap enough to perform the payment function.

[Juggy777]

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.  

What do you think?

@coinanc first of all both are different sectors and there’s no comparing these two different sectors, secondly long distance call became free because of the growth in internet, so how do you propose to make cab riding free and rental free homes at minimum charges without an organisation being there to control it.

While I do like the idea of paying in bitcoin and at half the rates from current prices, but can you guarantee me that I’ll get the same kind of safety when these organisations are no longer providing these services.
 
What will happen when you get scammed by those drivers who take your money and refuse to drive, or those owners who provide you rooms that didn’t match the description whom will you complain too?.

I hope you do understand my point that we’re not only paying for the luxury, but also for our peace of mind that we will not get scammed and that we will get what is advertised by Uber and Airbnb.

[Steamtyme]

I really like bitcoin but I still need to say that bitcoin is not suitable for being a payment currency. Bitcoin is too slow and has a high cost, imagine you have to wait for hours to pay for a cup of coffee. Besides, the number of bitcoins is too small, 21 million bitcoins is not enough to become a currency.
Certainly in the future should have a currency fast and cheap enough to perform the payment function.

Sorry, but you could not sound more ignorant to they system in general. 21 million which currently gets broken down to 8 decimal places more than provides room for it to be used as currency well into the future. In regards to high costs, I don't see it. For what I have to pay for the privilege to have a bank account for 1 month not including additional fees, I can send roughly 50  payments using BTC depending on the value and my inputs. There can be times when the cost gets excessive, but it rarely lasts into problematic territory unless being manipulated through spam transactions by bad actVers.

Your point on time for coffee is valid, I posted above that I don't see that as a viable use case at the moment. There are other ways around it as I don't think we should strive for a 1 coin solution, that's a different story though.

[virasog]

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. 

What do you think?

How do you say that that you could save money on Uber ? Uber is always an expensive service if you compare it with you own car fuel. If you use your own car, it will be less expensive than using the services of Uber.

Secondly, Uber or Airbnb does not support bitcoins because not many people know about bitcoin yet.

[alicecrowl966]

You can just use crypto to buy airbnb gift cards

[ChrisPop]

At least in my country the Uber and similar activities aren't that expensive and if they would have become cheaper I don't know if the time would be worth for the drivers.

In my view human transport would become cheaper only with the arrival of electronic cars and/or AI powered cars that would make the presence of the driver unjustified.

[Murat]

From my experience regarding this issue that the payment system would be the main barrier for confirming the payment, Hope to see some project on half of getting easier of this issue, but at first you have to establish an easy-going system of the cryptocurrency, day by day cryptocurrency is getting complicated because of having some unworthy and scam project of the cryptocurrency, but many people like me are hopeful that 2020 will bring to us a good news regarding cryptocurrency which could be helpful for every aspect of our life, to be very realistic, we have to go another long way in order to get such thing.

[Youghoor]

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. 

What do you think?

What you need to understand is that, it takes time for people to understand the true value of bitcoin and its purpose.  The adoption of bitcoin is gonna be a gradual process we just have to patience and wait till majority understand why bitcoin is needed...

[Divinespark]

If a service only accepted bitcoin it would likely charge insane prices to stay afloat. (Supply and Demand)

I really like bitcoin but I still need to say that bitcoin is not suitable for being a payment currency. Bitcoin is too slow and has a high cost, imagine you have to wait for hours to pay for a cup of coffee. Besides, the number of bitcoins is too small, 21 million bitcoins is not enough to become a currency.
Certainly in the future should have a currency fast and cheap enough to perform the payment function.

The total supply of Bitcoin is not critical in becoming a means of payment. The total supply of bitcoin is 21 million bitcoins but it is very expensive for each bitcoin, so it is completely possible to use bitcoin to pay bills. The problem here is that bitcoin is unpopular in payment, which is the confirmation time is too long and the cost is too high. Imagine buying a $ 1 bill as your transaction fee would cost $ 2. It's too hard for it to be popular in the future

[kro55]

What you need to understand is that, it takes time for people to understand the true value of bitcoin and its purpose.  The adoption of bitcoin is gonna be a gradual process we just have to patience and wait till majority understand why bitcoin is needed...

As online taxi service start getting popular, government also started imposing taxes on it. Same holds true for bitcoin also, as its getting popular governments all around are imposing strict regulations. Apart from that bitcoin own issues like price volatility and slowness are main problem that are acting as barrier in commercial use of bitcoin.

[Kunnu]

The decentralized network and slow transaction process of Bitcoin can be a major issue for Uber to not accept Bitcoin as a payment method and I think somewhere the company is worried about tex theft because most of the governments are confused about legalization of Bitcoin so I think these issues can be a barrier for Uber to not accepting Bitcoin as a payment method.

[dothebeats]

I remember when both Uber or Airbnb each came out. You could save money using them. Now you can't.

Depends on where you're at. I'm currently in the Philippines and have used ride-hailing services and Airbnb whenever I need to visit a province and stay there for a day or two. Oftentimes, an Airbnb stay is better than staying at a hotel wherein the accommodation is fancy but the room you have is, well, sub-par. Plus the amenities are limited too. Whereas on an Airbnb accommodation, I can do whatever the hell I want and use any amenities I want when I want them exclusively, and oh, at a cheaper rate as well. For ride-hailing services, they have Grab here and have ousted Uber due to non-compliance I believe. It's cheaper on short distances but not really good for long distance travels due to traffic and whatnot.

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

I believe you can use an app that helps you pay bitcoin for these type of services, though I don't exactly know what the fate of that app is.

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

Nope. You still have to pay for those. Internet connectivity isn't free, and if yours is then perhaps you're the only example for your statement.

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.

The thing is the operators know that people will pick their service over traditional taxi cabs any day due to the comfort and security they offer. They might release discounted rides, a promo or two, or whatever and people will think that's the better deal when public transpo can also take them to where they wanted--on a much cheaper rate, sans the extra comfort, obviously. I'll blame human psychology for this, because the adverts instilled to the minds of the current generation that these services are the way to go and not public transpo, which is why operators like Uber can milk the hype as long as they like.

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. 

What do you think?

This will happen if competition becomes tough and I'm sure of it. With or without the involvement/integration of bitcoin to their payment systems, it's bound to happen in our future society.

[buwaytress]

Uber still saves me money, I just had a trip a few weeks ago where a Uber ride cost me less than 10% of a normal radio taxi ride. Not kidding. Shocked me. I still use all the Uber clones when I travel too (Grab, Bolt, Taxify, Yandex). Saves me at least 50% but normally much, much more than a regular taxi in most countries. Same as Airbnb, so I'm not sure what you're talking about.

Why not BTC? You're right, but only because today, Lightning Network is fast approaching the maturity we'd need for something like that to work properly: near-instant transactions, near-zero transaction fees.

You already get that with debit-card run Uber etc: instant, no fees. Bitcoin is a thousand times more secure probably, but users don't care. Users will probably also care that if card txs can be refunded if something goes wrong. BTC can't.

Responses above already tell you why on-chain txs will never, ever be able to take hold.

But oh, a taxi rickshaw company has done it in Scotland! With Lightning;)

[sisule]

What you need to understand is that, it takes time for people to understand the true value of bitcoin and its purpose.  The adoption of bitcoin is gonna be a gradual process we just have to patience and wait till majority understand why bitcoin is needed...

As online taxi service start getting popular, government also started imposing taxes on it. Same holds true for bitcoin also, as its getting popular governments all around are imposing strict regulations. Apart from that bitcoin own issues like price volatility and slowness are main problem that are acting as barrier in commercial use of bitcoin.

Online taxi become most effective way for traveler where going to other country without have recharge to local money and available using bitcoin only, most effective way how to make many people interested with Uber and Airbnb become online taxi for traveler. But will available for many country around the world with both company taxi online accepted bitcoin as payment transaction?

[Madstudios30620]

I'll remind everyone that none of the rideshare companies globally (Uber,Lyft,etc.,etc.) have managed
to make a profit. It is easy to sell things at a discounted price. Maybe not that easy:
https://www.fastcompany.com/90418766/report-not-even-airbnb-can-turn-a-profit

Bitcoin is another form of payment, the advantages offered by blockchain technology is the
game changer. Contrary to popular rumors, the taxi industry didn't disappear. Last time I
checked the 120 year old American taxi industry and the 370 year old London taxi trade have
somehow survived. I can't remember a time taxi drivers didn't complain about not making
enough money.

Bitcoin is great, and most people I meet have heard of it. None of them actually own any Bitcoin
or have ever used it. People can pay for a taxi or airbnb with a credit card or paypal probably,
so what's the advantage of putting those transactions on the blockchain?

The blockchain can be used for communications, logistics, artificial intelligence, and many things
besides just being a ledger used to record transactions. Rapes and house party killings are indeed
innovative yet somehow taxicabs and hotels have survived. Just wait until the airline industry
discovers the blockchain. It's more than just paying for something with Bitcoin.

The purpose of U4RYDE.GQ is to lead us to “a more sustainable, prosperous future.”
RydeToken.GQ The worldwide #smartcontract market is expected to reach $300 million by 2023.
The World Economic Forum predicts that 1/10th of the global GDP will be stored on a #blockchain
by 2027. In legal terms, #cryptoassets & #smartcontracts are the future. That said, cash is king.
Cash almost always works..... but it can't do all of the things cryptocurrency can do.

[crwth]

I'm not sure what type of "run on Bitcoin" you are talking about. Let's say we are utilizing a car, the rideshare kind.

• Is it running on Bitcoin or let's say any other cryptocurrency meaning that when you use the car, you earn cryptocurrencies?
• You just accept the mode of payment in Bitcoin?

I'm good with either of the two or any type of company that is trying to support the cryptocurrency world. Above all else, I think when comparing the importance of one thing to the other, the Internet is the most important one because it made all of this possible.

[TheUltraElite]

There have been altcoin projects for Uber like services and I am sure some shitcoin has been made for Airbnb wannabe too. Fact is that paying for such services using bitcoin would be something everyone would like to see in future. But currently you can buy gift cards from sites like Bitrefill for paying these providers, again I am not sure if their cards are available.

I do not agree with your "remember when you had to pay for cab" comment, because with bitcoin you are still paying the person. Using fiat or bitcoin is irrelevant there. You are paying no matter what service you take.

Again if someone creates such a service you also have to give it time to grow. These companies did not just come out of the blue, they took their time to grow and now they are popular. Considering the bad reputation of crypto in the general public this is a tough thing to achieve.

[TimtheYoutuber]

If a service only accepted bitcoin it would likely charge insane prices to stay afloat. (Supply and Demand)

I really like bitcoin but I still need to say that bitcoin is not suitable for being a payment currency. Bitcoin is too slow and has a high cost, imagine you have to wait for hours to pay for a cup of coffee. Besides, the number of bitcoins is too small, 21 million bitcoins is not enough to become a currency.
Certainly in the future should have a currency fast and cheap enough to perform the payment function.

21 million is fine because it can be broken down in smaller pieces. Plus the fact that there are millions that are probably not in circulation makes it very nice.


However, my concern with it being a currency is that people using fiat are trying to make fiat. You can't sit there and say your a bitcoin enthusaist and want it to succeed if you are trading it in return for more fiat that your supposed to be against.

[cotton ball]

Online taxi like uber and Airbnb could promote bitcoin as legal currency payment with country their online taxi working, maybe when many advertising of bitcoin banned on their car of online taxi could give way how to motivate with other know with bitcoin and invest in crypto, we know ho the power or advertising where could make many people interested wit bitcoin and altcoin.

[magneto159]

Tbh I don't think that crypto is ready to be mainstream. Not yet at least.