Is Uber extracting revenue right now? I thought their business model to this point largely relied on stock appreciation with value extraction from that happening in the form of lower costs to users compared to normal taxis, not more revenue per ride to Uber.
The bigger issue is it's not clear drivers going on the blockchain is even legal. Uber and Lyft provide some minimal vetting and certification. Prior to them, drivers directly owned their own taxi businesses, but needed medallions, which also involved regulatory compliance. Uber and Lyft could get away with operating in legal gray areas because of huge legal departments funded by VCs and stock holders. Can individual drivers do that or will cities just hammer them?