I struggle to see how this will get adoption.
- Everyone wants to HODL not spend their crypto
- From a end user not in the crypto world why would I switch from AirBNB? If I don't already hold tokens, I would have to buy them ahead of time with fiat and then use them? Leftover tokens are stuck in their ecosystem unless I trade out? Seems necessarily complicated vs a credit card.
- As a host, how do I get reimbursed if they destroy my house, not just a lamp? Is there an insurance policy like AirBNB?
Overall I think it add too much complexity, not simplification for a process. The more steps I have to take the less likely I am to do it.
I agree that so many projects are saying that blockchain is the answer without actually looking at the practicality of using blockchain. There are advantages e.g. the immutability of records etc but the currency volatility (remember the perception about the two pizza cost) and difficulty of redeploying used funds for another purpose is the killer for me and this project. ICOs are a good way for projects to easily raise funds versus traditional venture capitalism but do not necessarily lead to a better project for the end user. And as Brayias points out it really obscures the remuneration that the team receives.