"Airlines Make More Money Selling Miles Than Seats" Many folks, especially in the tech world, have difficulty understanding how the abstractions in business usually center around the creation of “money”. This is one premise of the rise of Bitcoin.https://www.bloomberg.com/news/articles/2017-03-31/airlines-make-more-money-selling-miles-than-seats …
-
Show this thread
-
cc:
@APompliano Airline mile reward points is “money creation” that is earning more profits than, being an Airline. This fact eludes most anti-Bitcoiners. This is in a very real sense money “created” by corporations even if one argues some of it was from card interchange fees.1 reply 0 retweets 7 likesShow this thread -
Replying to @BrianRoemmele @APompliano
The fact airlines sell lousy tokens + keep devaluing though isn’t much of an argument for bitcoin right? I mean imagine a bitcoin making same args “we will make more of this forever and it will be worth less over time” I’m betting that doesn’t attract the store of value folk
3 replies 0 retweets 1 like
Mark, indeed! This is precisely the argument I make to folks that work with me. I ask if they see the value of Air Miles and ask to present their cards. All have them. Then when the anti Bitcoin argument start I ask about the Air Miles they never redeemed and lost.
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.