Imagine you could own one of two currencies. One currency is easy to obtain. In fact, you won’t have to do any more than live your life in the usual way — paying by credit card and eating occasional meals at restaurants — in order to fill up your account. You can exchange that currency at any time you want for a free flight or a free upgrade to a first class seat or a free stay in a hotel. Play it smart and you can travel anywhere you want in the world at any time for next to nothing.
The other currency requires a bit of knowledge. You need to buy it with regular currency on special exchanges and store it in special wallets. You can exchange it for lots of different things but it’s not easy, and you probably won’t want to. That’s because this currency is so popular its value is going through the roof. The currency you spend today could have doubled in value by the end of the month. (It can also fall sharply too.)
The first of these currencies is airline loyalty points. They’ve been around for a while. Everyone knows about them but no one ever talks about them. A few people have dedicated their lives to collecting and using them but for most people, they’re just what you get if you fly with one airline for long enough.
The other currency is bitcoin. It’s the flavor of the day. Even though little has changed in the world of bitcoin since the whitepaper that launched it (give or take the occasional fork, and when news does break, it’s often bad), the value of the coin has continued to climb. People could get all the airline points they want — and they could actually use them in a way that enriches their lives — but some people don’t want to. They’d rather pay several thousand bucks to own a bitcoin.
Full story at http://bit.ly/2xQ95C6
Source: Forbes
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