Bitcoin Songsheet: Airline Miles Are The Original Altcoins
Airline miles are the original altcoin, allowing zombie companies to issue value for nothing while encouraging people to be “Miles Chasers.”In 1999, a civil engineer by the name of David Phillips managed to earn 1.2 million miles by taking advantage of a promotion by Healthy Choice. He did this by mailing in UPC labels from their pudding cups and henceforth became known as The Pudding Guy. This became an early internet meme, like “All your base are belong to us” and the Hampster Dance. Airline miles have a weird place in American culture. Everyone knows their uses are very limited, they....
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Interested in converting your reward miles into bitcoin? Go to bitcoinformiles.com, fill out a request for quote and hit "submit." Within a few hours, you should expect a bitcoin offer for your miles. Bitcoinformiles.com was recently launched by Bitcoin Brands Inc., an Ann Arbor, Mich. -based company that also sells bitcoin ATMs and bitcoin processing tablets. Owner Peter Klamka said there have been more than a hundred hits on the Bitcoin for Miles website from people interested in exchanging their miles for bitcoin. Outstanding response. "I've been overwhelmed by the response to the....
One of the United Arab Emirates (UAE)’s leading airlines, Emirates Airline, said it has plans to add “bitcoin as a payment service.” The airline is planning to recruit personnel to create applications that monitor client needs.
Two Different Applications and Approaches
The United Arab Emirates (UAE)’s leading airline, Emirates Airline, will soon embrace “bitcoin as a payment service,” the company’s chief operating officer (COO) Adel Ahmed Al-Redha has said. In addition, the airline will add non-fungible token (NFT) collectibles on....
What if the frequent-shopper points or value accrued from social media likes was transferable across the internet? Bitcoin can make this possible.
A misdirection of resources and an obstruction of progress, wind and solar energy reflect the same distracting qualities of altcoins.
Though altcoins use Bitcoin to gain people’s trust, they’re simply a reimagining of fiat incentive alignment.