[robzyb]

That sounds like a bad idea from a counter-party risk perspective.

But I suppose so did AirBnB.

[danieltillett]

Everyone says AirBnB was a bad idea, but only the original idea was bad. Once you realise that the business is really about running illegal hotels where the risk is outsourced then it becomes a very good idea.

[robzyb]

> Once you realise that the business is really about running illegal hotels where the risk is outsourced then it becomes a very good idea.

No, thats exactly why I'd say it was a bad idea, because who would accept that outsourced risk?!

(It turns out a lot of people did)

[danieltillett]

The original idea was for people to share their home or room to strangers. This was not a good idea, but pivoting into the illegal hotel business where the properties are continually rented was a good idea - at least until there is a major crackdown.