I forgot to say, Uber is losing $. Those "middleman fees" are the cost of operating a centralized service. Blockchains are slow & inefficient -- they *increase* operating costs. There is not yet any rent-seeking to cut out!
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When ppl suggest a decentralized Uber is possible they never consider the economics. Like they want to increase the hardware/compute needed by 100x to save ppl 25% on middleman fees when the middleman's margins are 10%.
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Decentalization is more expensive -- and outside of ICOing dreamcoins -- less profitable than building on the centralized, public cloud. Until this changes, world class developers will continue to build on the public cloud. It will change but not though "dApps".
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What exactly is the "public cloud"?
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It’s simply servers, infra you rent like Azure, aws, digitalocean, etc
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But thats a private cloud.
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No, "private cloud" is renting or buying dedicated hardware and running cloud computing infrastructure on it.
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In contrast, what s public cloud then?
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Lol. We broke the caramilk secret
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Decentralised Uber will give travellers access to all the world’s fleets, beyond just the popular ride hail brands. More competition means better outcomes for travellers. Blockchain not required, only needs open standards alike to GTFS for PT on Google Maps.
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Often what they're considering quite rationally is the denial of market power with respect to mobility services to a centralized entity. One that is likely to be unresponsive to social good outcome The tech will catch up.
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Uber sells $10 worth of rides to consumers for $4.10. A decentralized company would need massive VC backing as well to compete at this time. /
@ljxie -
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How is it 100x? If you are using PoW then it might reach 1000x. Buy why PoW? And users don't have to download entire Blockchain to book a cab, they just need a wallet.
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Tbh, the first time I heard “decentralized uber,” I thought it made no sense. Who is responsible for customer support? Trust and safety?
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Bitcoin will disrupt money first. We'r gonna get there it's just a matter of time now. Decentralized facebook and Twitter will come too. Every time they censored somebody is step forward. It may take 5 to 10 years tho
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It would make even less sense in 20 years or so when the Uber’s of the world run large fleets of autonomous only cars. There’s no marketplace bringing drivers together with commuters then. No rating system unless the cars ai rates the passengers in case they trash the car
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Costs will go down 1000x with scale.
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