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A comment on The way airlines are central banks. Parent comment

Re:The way airlines are central banks by hammock on Monday July 31, 2023 @01:58PM (#36946404)
>Because people don't buy FF points as a speculative investment

Why not? People do it with forever stamps.

>If you said "I am starting wonderwonder's airline. I will only sell tickets based on FFPs. I am currently selling FFPs at a discount to what I will sell them at later and they are transferable. You should buy them now to resell them later" they would be securities.

Might as well be the way the USPS advertises forever stamps.

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Re:The way airlines are central banks by HWR_14 on Monday July 31, 2023 @03:34PM (#36947651)
People buy stamps that are guaranteed to rise at less than the rate of inflation as an investment? And the USPS advertises it that way??

I'm not convinced. I would need some evidence of that.

(I am aware that stamps may be used in prison as a currency, but that's a special case.)

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Re:The way airlines are central banks by pgwhalen on Monday July 31, 2023 @04:54PM (#36948659)
You can sell forever stamps. You can't sell airline points.
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