>Who is going to run the marketplace? Same as the bitcoin itself - nobody, it's just software (that needs to be written yet). You don't need a chain trade, ju

>Who is going to run the marketplace? Same as the bitcoin itself - nobody, it's just software (that needs to be written yet). You don't need a chain trade, just list you points for sale for bitcoins directly. There might be no one to buy it right now, but there will be someone tomorrow or a week later, who is going into that restaurant, and loads up on the points before they get there. >unspent points are a major boon to them Of course! The points must decay or expire. It would be foolish to carry debt without expiration. There is nothing complicated about deciding how big your loyalty program is going to be. Start off at your current credit card processing rates about 1.5%, and go up from there if you feel generous (like the stake house I talked about earlier), or based on repeat volume for a given customer (e.g. spend $100 get $10 back). Most places will be fine with a default for a given industry (e.g. large for restaurants, small for sandwich shops).