3min chapter

"World of DaaS" cover image

Byrne Hobart: Why Airline Loyalty Programs Are Really Just FinTech Companies

"World of DaaS"

CHAPTER

Cryptocurrencies Learn From Airline Points

i had a friend in college that did like a point washing thing where they would earn like, ten % interest on their points every single month for for infinity. On the other hand, one of the things that we do know from from point systems is some one can always spin up a new one. So it's almost like crypto is the the super abstract, born as an abstraction, kind of idea of currency. And milesh points are almost at the opposite end of the spectrum, where they are born as a token that represents access to physical goods and is issued by the creator or te the seller those physical goods.

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