Paypal encountered many of the problems that central regulators were set up to solve. Their solution to fraud protection was better than anything else out there, and has been widely copied in the industry. Do they have false positives? Yes, but international person-to-person (vs. company-to-company) money transfers have never been easier. Newer startups will make it easier still.
Regulators and incumbents need competition. No new product is ever better than an existing product in ALL respects, only in some features. Hitting the features that existing regulations are meant to ensure might not be #1 on the feature roadmap, but it's on there.
The problem is when features that are less important to customers are prioritized by regulation (and therefore by guns) over features that are incredibly important to customers. Clearly, the existing taxi regulations did not incentivize rather important features like "convenient for taxi customers" but instead were about edge cases that are important, but only at scale.
Regulators and incumbents need competition. No new product is ever better than an existing product in ALL respects, only in some features. Hitting the features that existing regulations are meant to ensure might not be #1 on the feature roadmap, but it's on there.
The problem is when features that are less important to customers are prioritized by regulation (and therefore by guns) over features that are incredibly important to customers. Clearly, the existing taxi regulations did not incentivize rather important features like "convenient for taxi customers" but instead were about edge cases that are important, but only at scale.