Scoring Bitcoin Points Like Digital Airline Miles – Bitcoin Magazine

This is an opinion editorial by Michael Rhee, the founder of Wavlake and a contributor at Bitcoin Magazine.

Everyone loves keeping score. From likes and mentions on social media to airline miles and Starbucks Rewards, points tell us exactly where we stand in the commercial world. On social media platforms, they can mean more eyeballs and a feeling of validation. In the world of airlines and coffee shops, they can mean more free trips and frappuccinos.

Today, each of these scores lives in a walled garden. Like a gift card to your favorite store, these points are only redeemable at one place and are locked within a bounded context. I can’t convert the likes on my tweets to free coffees. Nor can I turn the views on my YouTube videos into discounted hotel stays.

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