Cryptomiles
Jan 10, 2018 | 5:20 pm
#1
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Join Date: Jun 2014
Posts: 292
Cryptomiles
The more I think of it the more I believe the future of loyalty programs (airlines, merchants, hotels) will be decentralized and a great mainstream application for cryptocurrency. I wonder how close we are to a point where an airline will essentially outsource their miles program by issuing cryptomiles that is automatically credited to a wallet after a flight that you can choose to redeem like revenue based miles (like southwest, JetBlue).
Jan 11, 2018 | 9:53 am
#4
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If I can actually redeem DL miles for drugs or guns in this future utopia, that might be an improvement from Skymiles today. @:-)
Jan 11, 2018 | 4:41 pm
#6
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My new retirement plan. CPRichCoin IPO next month.
The joke/parody Dogecoin is now valued at >$1B. (I can't say "worth" that).
The joke/parody Dogecoin is now valued at >$1B. (I can't say "worth" that).
Jan 11, 2018 | 5:48 pm
#7
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Join Date: Jun 2014
Posts: 292
Im actually surprised there isnt more overlap between the miles community and the crypto community. Or is there? How many bitcoin millionaires have been lurking on here for years???
Either way, I did actually find a few alt coins that are marketed as decentralized loyalty programs but real mainstream adoption will only come from either a big airline, hotel, bank, or ecommerce co adoption their own or partnering with one of them...
Either way, I did actually find a few alt coins that are marketed as decentralized loyalty programs but real mainstream adoption will only come from either a big airline, hotel, bank, or ecommerce co adoption their own or partnering with one of them...
Jan 11, 2018 | 7:17 pm
#8
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Running Points by Buying Cryptocurrencies
Bitcoin for CC Churn?
MS with Bitcoin
But relatively few users participating in each of these threads (the "busiest" thread of those got 34 posts in about half a year), and not all positive to the concept.
And keep in mind that MSing itself is but a subset of the miles/points game. (Many churners, for example, don't bother with "true" MSing, because they are too "busy" churning. And then there are the many others who didn't get into either MSing or churning, because they're just too busy flying or staying in hotels or whatever.)
Last edited by sdsearch; Jan 11, 2018 at 7:23 pm
Jan 11, 2018 | 8:54 pm
#9
Join Date: Aug 2015
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Posts: 1,099
Hmm... I suspect crypto and FT miles are not exactly compatible, or at least, you wouldn't want that. The beauty of miles and points is that there are inherent inefficiencies in different programs, which is great for those looking to maximize redemption.
If it is all decentralized, and information is perfect, we'll essentially get all the Deltas/United/WN/Accor redemptions. Is that what you truly want?
I MS by buying crypto with my CCs, and have gotten into crypto-trading. Crypto-trading doesn't sleep, so very little FT time these days.
If it is all decentralized, and information is perfect, we'll essentially get all the Deltas/United/WN/Accor redemptions. Is that what you truly want?
I MS by buying crypto with my CCs, and have gotten into crypto-trading. Crypto-trading doesn't sleep, so very little FT time these days.
Last edited by solewalker; Jan 12, 2018 at 3:49 am
Jan 14, 2018 | 6:12 pm
#11
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This is one of the most hyped ICOs right now -> https://www.beetoken.com/
Basically decentralized AirBnB with no fees.
Basically decentralized AirBnB with no fees.
Jan 15, 2018 | 6:50 pm
#13
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FWIW, the trades shows/conferences around loyalty that I've attended in the past 18 months have all talked about it. None of them know what they're doing with it or why, but they're all talking about it.
As for what to use it for or why, the idea is a decentralized ledger, not that the points vary in value or such. But it is also an incredibly inefficient way to run a system that, by its very nature, is centralized. Putting the account balance ledger onto a blockchain doesn't deliver any value to the consumer nor the company.
As for what to use it for or why, the idea is a decentralized ledger, not that the points vary in value or such. But it is also an incredibly inefficient way to run a system that, by its very nature, is centralized. Putting the account balance ledger onto a blockchain doesn't deliver any value to the consumer nor the company.
Jan 17, 2018 | 8:26 am
#14
Join Date: Nov 2007
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EZToken (https://ico.ezpos.io/) tries to solve that problem...
Jan 18, 2018 | 10:37 am
#15
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EZToken (https://ico.ezpos.io/) tries to solve that problem...
