RE:RE:RE:RE:RE:RE:RE:RE:CryptocurrencyTo "mikebarq": It is evident that you are afflicted by the "THINK SMALL and GO HOME" syndrome.
In the 1990's, Apple was on the verge of bankruptcy...they are now the most valuable company in the world...because their motto was "Think Big or Go Home".
How would an Aeroplan member lose their Aeroplan CryptoCurrency??? It would be a fully regulated cryptocurrency using blockchain technology. It would be as safe as money in the bank. It would NOT be like Bitcoin.
A million different cryptos??? Really??? The reality is that only the best cryptocurrencies will survive the eventual consolidation in the cryptocurrency industry...and the Aeroplan CryptoCurrency would be a "Best in Class" winner.
The comment that made me laugh uncontrollably was that Bitcoin was popular because it provided 800% returns and you categorized it as an equity investment. It is popular because Bitcoin is the currency of choice by the global underground economy and the main reason why it has gone up in value as a cryptocurrency. When Bitcoin eventually collapses, it will make the Bernie Madoff (i.e. Bernie Made-Off with you money"), Enron, Dutch tulip craze etc. all seem like petty cash.
Your 2 cents are appreciated...BUT...we disagree on a fundamental issue...YES, we will see an Aeroplan CryptoCurrency in the future.
Cheers!
mikebarq wrote: I see where you're going with your thought process, but I still disagree. Apple is a monster company with a market cap about 1600x AIMIA. Apple Pay also works because half the population has an iphone (exaggeration) but it's a ton. I don't see vendors wanting to get into acceptiong a mllion differnet cryptos as there is also the issue of their inherent value after they're accepted.
I'm not trying to knock AIM - I owned over 16,000 shares at one point - I just don't think this is a realistic avenue for them or where there focus is at the moment. This isn't a huge company. I think they have their hands full at the moment working on their re-invented rewards program and how they will integrate that vs. worrying about dealing with new technologies.
The fact you can 'lose' currency as well if you lose your private key seems to be an issue. Try telling someone all their points are gone becasue they lost their digital key. The demographic collecitng Aeroplan points is also not the ones interested in crypto.
Just my 2 cents. You are welcome to laugh at me as much as you like, I'm confident we won't be seeing Aeroplan coins anytime soon.