This person... so much talk about convenience of payment, and a total misunderstanding of why goverments want CBDC. And she call herself a PhD? And no word about the threat of CBDC.
I'm certain when she's at the grocery store or the post office, she doesn't tell everyone she has a PhD. However, in her job, and in testimony before Congress that seems relevant:
"My name is Neha Narula and I am the Director of the Digital Currency Initiative at the
Massachusetts Institute of Technology. We are a research group based within the MIT Media
Lab focusing on cryptocurrency and digital currency design and implementation, addressing
challenges in security, scalability, and privacy. I have taught five graduate cryptocurrency
courses across departments at MIT and during the course of my PhD work I conducted
research in MIT’s Computer Science and Artificial Intelligence Laboratory on databases and
distributed systems."
They so clueless, they think that companies have a money tree and evil CEO just refuse to give them a piece of money. Uber it's an unprofitable company and workers demand more benefits, from the company that can't pay than current salary without external investments. "If we had these rights today, those drivers could at least earn a minimum wage to live on". No, you will be fired.
Take away the gig economy part from Uber and it becomes a regular taxi market, an industry that has been around for a hundred years already, with all the checks and balances installed already (from driver and passenger rights to ride fares to maximum amount of drivers allowed to operate in a certain area to avoid oversaturating the market).
And in that environment it is not viable. Or, not viable to SF standards, in that it cannot sit on their arse and print money while their devs churn out fancy looking apps. They're competing with the local taxi company with a dozen cars and a phone number.
I know it's popular to criticize Uber and similar apps nowadays, but when they launched, they were a breath of fresh air. It allowed you to get from point A to B in a new, clean car, without having to negotiate the price and without the risk of taxi driver scamming you for money (especially tourists who don't speak local languages fall victim to taxi drivers) or taking you on a much longer route on purpose. Also the phone app is much more convenient and safer than calling a taxi company to arrange a pickup. I don't want to go back to times before Uber, and I am glad 'traditional' taxi companies have also adopted the mobile app model.
Wasn’t the gig economy part of regular cab driving? Sure they had medallion requirements, but cab drivers in US cities always worked whenever they wanted (usually when it was busy).
> Take away the gig economy part from Uber and it becomes a regular taxi market, an industry that has been around for a hundred years already, with all the checks and balances installed already (from driver and passenger rights to ride fares to maximum amount of drivers allowed to operate in a certain area to avoid oversaturating the market).
Let's not forget that in that world uber drivers are unemployed while taxi drivers make more money.
So minicab companies pay more and charge less than uber? How does that work economically? And wouldn't everyone just switch to the mincab companies, both drivers and passengers, if that's the case?
Varies very much by company. Many of them are small operators covering much smaller areas than Uber. Many of them will intentionally keep far fewer drivers available to keep their drivers busier. I'm sure there are plenty who are much worse than Uber too, and there's plenty of room to get rid of more of these operators.
Uber has captured market share by being visible, and covering the whole city so you don't need to care which companies cover where you are. There are a few others that covers all of London and aim for the same over-supply of drivers, and most of them are not cheaper.
Companies like that don't need to have a viable business model, they just need to go public and make a few people a ton of money. They don't care whether Uber is viable, they care about how many billions they can earn off of its perceived and inflated, short-term value.
I think that is kind of the point. If the company can’t take enough revenue to pay its way fairly, then the UK Supreme Court has, in effect, ruled it’s not a business for the UK.
Overly simplified solution: Raise prices to cover a decent wage.
I have a brilliant business model which has been historically proven to had revolutionised agriculture. But these pesky politicians with no sense don't allow for slavery.
Democracy is why America has already fallen. "The United States shall guarantee to every State in this
Union a Republican Form of Government". When people asked, "What have you given as Mr.Franklin?" He said, "A REPUBLIC. IF YOU CAN KEEP IT". What if, I am and my friend will decide to beat you up and steal your stuff? It's bad, isn't it? But what if we outvote you and send a senator to steal your stuff, why is this ok? The wealthiest country in the world was built by freedom and supremacy of people's rights (Life, Liberty, Property, Pursuit of Happiness). None of that exists anymore, America has Democrats(Left) and Republicans(they actually Democrats, today JFK would be Republican).
The Constitution gives a format for making decisions and living with them when we don't agree. It's not really for finding common ground. That's up to us.
you don't need common ground Constitution is common ground. what are problem of just following the Constitution. Democrats and Republican abolish Constitution that is a problem.
