While Uber and Lyft have fascinating business models behind them, they have a fundamental problem in that they are unregulated. While this may appear to be a plus factor for some, it can and will have potential serious issues in the future, both for those who drive, and for those who ride. There valid historical reasons why Cab Companies are regulated entities by the City, County and State. What is happening at this moment will be a "blending" of the two systems, creating I regulated Uber or Lyft, or a cheaper and more efficient Taxi.