21 sats \ 2 replies \ @thrown 4 Jun 2022 \ on: SN Saturday Newsletter 6/4/22 meta
With Bitcoin, the value of Airbnb is just the index of listing.
If you behave badly, you’re banned from the index.
Airbnb’s index is worth less because they curate badly.
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22 sats \ 1 reply \ @k00b OP 4 Jun 2022
The value is the index (discovery) + the reputation system (which is pretty inaccurate ime but is better than nothing) + consistent UX for booking.
These will get decentralized very slowly.
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0 sats \ 0 replies \ @thrown 4 Jun 2022
Exactly. The index and reputation is the brand, basically.
Airbnb can have brand competition. All competitors using the same checkout process (bitcoin).
No gatekeeping on payment processors increases competition so much
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