That's the real problem - Uber has a load of investor money they can use to artificially keep a low price, establish their name, push competition out of the market by undercutting, etc. Until they start to want to make real money.
Is the barrier to entry for an app-enabled personal transportation service that high?Therr are also many substitutions for the service suxh as driving one's own car, carpooling, actual ridesharing via a platform, mass transit, biking, etc. There are already open source implementations of this and ride sharing.
I apologize if this sounds misinformed, but as tech advances and platforms such as these become more mature, could we not use some of the principles established by blockchain to create a rating system that is open/transparent so that drivers and passengers can just directly transact with each other?
Personally, I like Uber/Lyft's service but I dont find the price to be a. bargain. As it is, I primarily use it for transportation if there's is a chance that I may be drinking alcohol or when parking is going to close to thr cost of a ride
Big difference though because Walmart doesn't incur a massive loss to do that.
You may be right, but I don't think this is all as obscure as some people would like to think. That's an article that seems to recognize that many of its readers will be familiar with what I'm talking about.