"

That’s exactly like Airbnb for people’s homes, and Square for credit card transactions. And don’t think people won’t want to do this – drivers generally make around $50 per hour.

There’s no reason I couldn’t become a UberCab driver and maybe charge less than others for driving – meaning competition will drive the rate down to some sort of equilibrium pricing. I can also sell myself based on the car I’m driving (hybrid, SUV, whatever), and my overall rating.

What’s standing in the way of all this? Not much. You need a special type of license to drive other people and your insurance rates will probably double or triple. But UberCab could help new drivers get through that paperwork and reduce the friction.

In most cities today you need to purchase or lease a medallion to drive a taxi. That’s just a way of keeping out competition and keeping rates high – it has nothing to do with making sure only qualified people drive those cars. In most cities you can drive people outside of taxis but you can’t let them flag you down, a big competitive disadvantage. With UberCab they’ve solved that problem – click a button and car arrives in a few minutes wherever you are.

Instead of looking for pedestrians to flag you down, wasting gas and not being the safest road aware driver, UberCab drivers will just park near where they know that a lot of clicks happen and watch their phone, bidding and grabbing those nearby clicks as they come through.

"

“What if UberCab pulls an Airbnb?” - Michael Arrington on Techcrunch

this requires the driver to be an auctioneer as well with their device.

interesting. more interesting is Weels (no real site yet) that is about to launch in Brooklyn.