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Commenter was replying narrowly to the specific comment about “inventing your own currency” - which is exactly what coupons are, along with Airline loyalty prog
by SgtBastard 4y ago
Commenter was replying narrowly to the specific comment about “inventing your own currency” - which is exactly what coupons are, along with Airline loyalty programs’ points/miles and various barter network credits.
There absolutely are ledgers behind both loyalty programs and barter networks and in the case of Airline loyalty programs, are literally planet-scale.
The only significant “innovation” is the inherently ecologically destructive PoW-based decentralisation.
- CyberDildonics 4y agoThe case could be made for airline miles but creating a centralized system like that with limited utility is not something everyone could do, because its utility isn't universal. Also can airline miles be sent and received to and from arbitrary people? Can they be exchanged for cash or bought?
- SgtBastard 4y ago>Also can airline miles be sent and received to and from arbitrary people? Yes. >Can they be exchanged for cash Normally not directly because then the programs have to handle AML/CTF obligations, but almost always Dollar-denominated gift cards. > or bought? Yes.