FlyerTalk Forums - View Single Post - 'The next bubble' - travel loyalty programs (Elliott)
Old Apr 22, 2013 | 11:21 am
  #7  
AlohaDaveKennedy
 
Join Date: Oct 2009
Location: Land of the parrots and parrotheads
Programs: Several dozen
Posts: 4,820
Miles are not currency. That is our story for the taxman, especially since the companies say we don't own the miles and they can take them away. And we're sticking to that story.

Dollars are legal tinder. Rolled up they are great for firing up your Texas BBQ.

Originally Posted by austin_modern
... I dont understand why people keep referring to miles as some sort of currency... there's no inherent value to your miles and stockpiling them like some sort of 401k plan is nonsensical.

Whole article has this bitcoin undertones in it as well...
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