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Earlier quoted context omitted.
That's new. I didn't know I could buy points from those who make them and transact them between other accounts.
Funnily enough you actually can with airline points and there are websites dedicated to this economy of getting points then selling or transferring them to another airline where they are more valuable or useful (Singapore Airlines’ KrisFlyer program is very popular).
https://en.wikipedia.org/wiki/Canadian_Tire_money
Used to be able to use that at the local video rental place.
That reminds me that McDonald's did print their own money! It was their version of a gift-certificate, before magnetic-strip gift cards were around. You'd get a bound booklet of 5 imitation dollar bills, which you could tear off and redeem for the equivalent dollar-value of food at McDonalds. https://imgur.com/a/6U3o64p
Now imagine McDonald took a $10B+ loan and based on the collateral of the gift-certificates it has printed but hasn't given away. Because that is what is happening in crypto afaik. I think this part probably didn't happen in real word before ...or did it? (hoping it didn't)
There is no incentive for McDonalds to stop producing these burgers, so no risk of rug pulling.
Collateralizing the loan with McDonald's gift certificates would just be a bet that McDonald's will sell 10b$ more food, minus some delta to incentivize people to use the lender's clown bucks instead of greenbacks.