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by salawat 2228 days ago
Note this is why places like Uber state as nitpickingly as they can: They do not deliver, and they do not taxi. They manage contracting.

There is no money to be had in actually being on the hook for having the assets to do the work. It's way easier to pawn off the depreciation to the naive sub-contractor, and pocket the middle-man's cut.

This is the key behind almost every commercial "tech" innovation. Exploit economies of scale by positioning yourself to extract fees from transactions that were not previously subject to having fees extracted. If that means facilitating more transactions than otherwise would have before so be it.

Stopping right there is enough seemingly for many business minded folks in the sense that new transactions = good; but I'm starting to realize there is definitely such a thing as toxic transactions, and it seems way more difficult for some reason to get this across to folks.

Then again, I'm getting older,and the rest of the world is becoming by and largeyounger than me. So that perspective may have more to do with me being a poor communicator than anything else.