## By Leon Fu Dot Com, *The Oracle of Austin*
*Twitter: https://twitter.com/leoncfu*
A way for Airbnb, Uber, and other sharing economy companies to get around regulations is to eliminate collecting money from the system and use an internal point system. Regulations isn’t about letting strangers live in your house or giving them rides. It’s about money, pure and simply. Eliminate the money, you’ve eliminated most of the problems.
Here's how it could work: After users rate each other, the system simply credits the host/driver with a number of points. These points come out of thin air. The only thing these points are good for is they can be used as payment for services offered on site.
This is what Steemit does when posts are upvoted (Steem Dollar) . It’s what Bitcoin does when miners find a block(Bitcoin). It’s what the Federal Reserve does when they do quantitative easing(USD). All of these are entries in a database, created out of nothing. The only thing these credits are good for are in the system, which they were created.
The only additional feature needed is to make these points transferable to any other user on the system. That’s all these sharing economy companies need to do. A secondary market will develop on its own to buy/sell these points for money (USD, EUR, BTC, etc). The company issuing these points don’t need any affiliation with the company making a market in them. There could be multiple exchanges just as there are with cryptocurrencies. To prevent a sybil attack, they would need to verify the identity of each user, but Airbnb, Uber, etc. all do this already.
No blockchain is even required, although one could be used to make the transfer of these points censorship resistant.