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Author Topic: Bitcoin vs Uber  (Read 1757 times)
bitcool
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June 11, 2014, 07:23:12 PM
 #1

Bitcoin market cap:  $8.3 billion
Uber the taxi app:  $18+ billion
 
Is it just me, or something is wrong with this picture  Huh
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madken7777
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June 11, 2014, 07:29:32 PM
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Value is a subjective thing.

A product is worth as much as the market is willing to pay for it.
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June 11, 2014, 07:50:49 PM
 #3

I see nothing wrong with that to be honest.
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June 11, 2014, 08:03:10 PM
 #4

One is a method to get a cab a bit quicker than normal, the other is either going to change the world or disappear in a puff of C++. A slightly harder sell.

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June 11, 2014, 08:20:15 PM
 #5

Bitcoin market cap:  $8.3 billion
Uber the taxi app:  $18+ billion
 
Is it just me, or something is wrong with this picture  Huh

And what is wrong with this picture ? =)))

http://www.todayszaman.com/news-350106-taxi-drivers-in-europe-go-head-to-head-with-car-hire-app-uber.html

But honestly , does anybody have a graph or some usage statistics for this app?

The only things I find are about the protests.



kittucrypt
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June 11, 2014, 08:29:17 PM
 #6

Uber allows a common man to use its service really really easily.

Compare that with bitcoin...to make simplest of transaction, some bit of understanding is required.

Just a comparison!

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June 11, 2014, 09:25:40 PM
 #7

Don't quite understand the 'versus' thing, because you compare two quite different things. Why not 'french fries vs Statue of Liberty'?

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June 11, 2014, 09:39:35 PM
 #8

Bitcoin is at its beginning, the market cap is low compared to Uber right now but in few years I'm sure it will be higher even than the Apple's one.

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maurya78
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June 12, 2014, 06:34:41 AM
 #9

Uber is overvalued but some would paint the same picture of bitcoin
Not clear that this comparison makes any sense though other than to illustrate that utility drives value and that our own value perceptions can vary 360 degrees

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June 12, 2014, 06:38:17 AM
 #10

Web applications, is in a huge bubble right now.
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June 12, 2014, 06:42:59 AM
 #11

uber should accept bitcoin as an alternate payment method

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gweedo
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June 12, 2014, 07:01:37 AM
 #12

uber should accept bitcoin as an alternate payment method

Retweet this maybe it will happen! https://twitter.com/apicoin/status/476902343678902272
kittucrypt
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June 12, 2014, 01:17:56 PM
 #13

Uber is overvalued but some would paint the same picture of bitcoin
Not clear that this comparison makes any sense though other than to illustrate that utility drives value and that our own value perceptions can vary 360 degrees

Off-topic post below

360 degree variation is no variation. You end up where you started. Technically  Wink

AuroraHF
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June 12, 2014, 01:24:33 PM
 #14

That's crazy, how can a taxi application be valued at $18 billion USD? It doesn't take a genius to create an application like that.
niothor
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June 12, 2014, 01:38:35 PM
 #15

That's crazy, how can a taxi application be valued at $18 billion USD? It doesn't take a genius to create an application like that.

Why haven't you done it first?

It's an application that generates money in case you don't know how it works.
They've re installed their 20% commission and as well as a tax of 1$.

What if this api would be used worldwide instead of 38 countries?

Think that this will replace the thousands of taxis in all major cities.
We are talking in this case alone on a number of close to 1 million cars. 10 rides a day and you've got 3.65 billions a year in revenue.





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June 12, 2014, 02:00:27 PM
 #16

Because people are stupid and if it doesn't say "Legal Tender" they think it's not real.

It's easier to sell an iPhone app @ $10 than it is to give away free Bitcoin.


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June 12, 2014, 02:37:15 PM
 #17

Because people are stupid and if it doesn't say "Legal Tender" they think it's not real.

It's easier to sell an iPhone app @ $10 than it is to give away free Bitcoin.



If you some one to practice giving free coins to  Tongue

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ljudotina
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June 12, 2014, 02:44:10 PM
 #18

Bitcoin market cap:  $8.3 billion
Uber the taxi app:  $18+ billion
 
Is it just me, or something is wrong with this picture  Huh

What exactly would be wrong with that?

bitcool
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June 12, 2014, 04:04:19 PM
 #19

Don't quite understand the 'versus' thing...
Think. Harder.
bitcool
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June 12, 2014, 04:12:11 PM
 #20

Bitcoin market cap:  $8.3 billion
Uber the taxi app:  $18+ billion
 
Is it just me, or something is wrong with this picture  Huh

What exactly would be wrong with that?
Here is a hint:

Market cap is the collectively assigned value of an investment item by all market participants.

To mankind, the value of cryptocurrency should be 10s, 100s, if not 1000s times bigger than a taxi app, not a 46%.
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