For the sake of argument, imagine that all wealth is created by selfless academic scientists making new discoveries, with their students going out and building startups based on those discoveries, invested in by VCs, in turn invested in by LPs.
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Hehe, my theory of polyglot microservices money might run into demand problems https://twitter.com/vgr/status/1267499651638280203?s=21 …https://twitter.com/vgr/status/1267499651638280203 …
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This was common in my childhood. Individual stores and chains would issue stamps, wooden chips, etc, only good at their stores. It went away and evolved into loyalty programs and cash back. https://en.m.wikipedia.org/wiki/Blue_Chip_Stamps …
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There is constant pressure from central tax authorities to dollarize these things. IIRC if you give someone else airline miles over a certain amount it’s considered income.
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