The medallions are only for street hails. Uber does not accept street hails, they just made another way of hiring a car convenient enough to replace a significa

The medallions are only for street hails. Uber does not accept street hails, they just made another way of hiring a car convenient enough to replace a significant portion of street hails. The medallion owners invested in something that became less valuable because of technology (cellphones becoming ubiquitous). They have no one to blame except for themselves.