7 ms·
Hey, anyone remember the last time companies printed their own money? Man, the return of company scrip. I don't see at all how this can turn out bad.
by stillbourne 7y ago
Hey, anyone remember the last time companies printed their own money? Man, the return of company scrip. I don't see at all how this can turn out bad.
- creaghpatr 7y agoYeah, if I remember correctly, a company called Paddy's Pub tried it a few years ago: https://www.youtube.com/watch?v=cyxxE1AcUSM https://www.youtube.com/watch?v=cyxxE1AcUSM
- smilebot 7y agoYes. Perfect execution of a Self-Sustaining Economy.
- rchaud 7y agoPaddy's Dollars had numerous problems, biggest of which was seigniorage. Because of the expensive print colors used on on the bills (then justified as an 'old poor' move), it cost more to issue Paddy's $ than what the tokens themselves were worth.
- swebs 7y agoAnd this time it's stored digitally on their servers, so they can just steal it whenever you violate some vague ToS clause.
- unixhero 7y agoLike Apple and Google's behaviour? Ah I see.
- smsm42 7y agoTons of companies print their own money. It's just called "miles", "points", "coupons", "credits", etc. - but it is a medium of exchange that can be used to buy stuff at this company, i.e. money. Of course, airline workers would never agree to be paid entirely in miles, but probably would not mind getting their hands on some more of them.
- rchaud 7y agoThose programs are at least honest in the way they bill themselves: "loyalty programs".
- Rebelgecko 7y agoIMO this is worse than Canadian Tire money
- grawprog 7y agoEven Canadian Tire's going digital with their money: https://en.m.wikipedia.org/wiki/Triangle_Rewards https://en.m.wikipedia.org/wiki/Triangle_Rewards Though for now the actual Canadian Tire Money still exists alongside their new digital reward system.
- esoterica 7y agoI think those are called gift cards and they still exist.
- dade_ 7y agoActually, HSBC prints Hong Kong Dollars (shared with Bank of China and another bank). https://en.wikipedia.org/wiki/Banknotes_of_the_Hong_Kong_dollar https://en.wikipedia.org/wiki/Banknotes_of_the_Hong_Kong_dol...
- robjan 7y agoAlso Standard Chartered and Bank of China