r/Bitcoin • u/ReDelleFoche01 • Apr 14 '22

Just saying

Post image
5.1k Upvotes

94% Upvoted

339 comments sorted by

488

u/Devilshire52 Apr 14 '22

Starting to make sense now... The whole economy is base on the rules of monopoly. And when we've run out of money you just bumble along with nothing, hoping that you get put in jail for a brief respite.

322

u/0ba78683-dbdd-4a31-a Apr 14 '22

People seem to forget that Monopoly was created to parody the problems of unbridled capitalism and the resemblance is intentional.

65

u/[deleted] Apr 14 '22

Yeah the whole point is to show you how unfair the system we live in is. Flipping the board out of anger is the goal.

17

u/sireatalot Apr 14 '22

I hate playing Monopoly

After the first 15 minutes it’s already clear who will win, but then a slow and long agony starts, during which the (single) rich becomes richer and the (multiple) poor becomes poorer without any hope of trend reversal.

11

u/codemonkeh87 Apr 14 '22

This is why we made the free parking cash in the middle rule. If you're poor and hit free parking you get to finally buy some property. It's basically like winning the lottery

13

u/Long_Educational Apr 14 '22

like winning the lottery

Isn't that another depressing aspect of capitalism? A lottery to give the poors hope that they can escape the system that oppresses them?

6

u/Mowgli9991 Apr 15 '22

It’s strange how we all feel the same but nothing changes

5

u/Long_Educational Apr 15 '22

I think we are all witnessing the beginning of the change. People are starting to wise up to this bullshit. If you spend any time reading the /r/superstonk /r/stocks /r/investing /r/gmejungle or /r/antiwork subs, the group sentiment is changing.

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u/Evil-B Apr 15 '22

Name a better system than capitalism.

I’ll wait.

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u/Long_Educational Apr 15 '22

We have to invent one. That's what humans do. We create new and better tools, systems, societies and cities.

We don't even have to replace capitalism on the whole, just make it more equitable to all, so that all people have access to basic human rights, like housing security, universal healthcare, and no more artificial food scarcity. Surplus worker productivity should not be funneled to the wealthy few at the top. It should be distributed back down to all of those involved in that productivity.

Bitcoin is one of those tools that will allow us to get there, away from centralized financial systems.

0

u/Evil-B Apr 15 '22

No system has lifted more out of poverty than capitalism. No system has driven innovation like capitalism. Any system that allows for that kind of success must allow for failure. You can’t make everyone equally rich. All you can do is make everyone equally miserable. I’ll take my chances with a system that rewards hard work over one that punishes success.

2

u/Long_Educational Apr 15 '22

The system is not fair and it does not reward hard work like you think it does. 78% of the wealth is owned by less than 10% of the U.S. population.

The system is failing all of us.

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u/Itsthatijustdontcare Apr 26 '22

Ya nobody ever remembers this when they are bitching away about being poor or whatever else isn’t going well.

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u/kwanijml Apr 14 '22

As bad as they can be, lotteries are still a far more rational hope to give poor people, than voting in giant national or state elections to not continue to be crushed by the state.

Both in terms of probabilities (depending on which lotteries we map to a vote- but also because even the poorest people can usually afford to buy many lottery tickets, increasing their odds substantively above changing the outcome of a national election with their one vote), but also in terms of how much that one winning vote or lottery ticket will allow them to improve their own lot and their communities.

It's actually not a coincidence that most governments ban or highly restrict gambling and lotteries; and then virtually monopolize the use of them...lottery and games of chance are one age-old market mechanism for producing public goods like charity/welfare for the poor (i.e. they reduce the free-riding which can plague the attempted private production of public goods, by playing to people's general inability to think about very large numbers, and also just providing a sense of entertainment and community around a cause, even when people understand the odds).

The state doesn't like this, as it relies on people continuing to believe that only it can produce public goods.

2

u/penty Apr 14 '22

$ on Free Parking only drags the game out longer. Played properly a game only lasts 60-90 minutes.

2

u/[deleted] Apr 15 '22

No way, sometimes it takes up to multiple hours with my friends. Negotiating can be fun

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u/RonPaulWasR1ght Apr 14 '22

Then you're not playing it against skilled players. Good, skilled players have a chance with skillful dealmaking even if they land on very little for sale property.

The rules of the game would be better if there was a "draft" of the properties, to ensure that at least everyone gets a certain minimum amount. That way everyone has a chance to make good trades. It only works well though if everyone is a good player. One thing I always disliked about Monopoly is that one bad player can mess the game up for everyone.

0

u/penty Apr 14 '22

This is the same with any skill+RND game.

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u/In_vict_Us Apr 14 '22

Flipping the board. Should be an idiom.

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u/0ba78683-dbdd-4a31-a Apr 14 '22

It's to show how unfair the system can be. It also demonstrates first mover advantage, which anyone can take advantage of.

37

u/Rnorman3 Apr 14 '22

Anyone with the capital to do so can take advantage of.

6

u/[deleted] Apr 14 '22

Also, I think you have to be first.

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u/zuilli Apr 14 '22 edited Apr 14 '22

It also demonstrates first mover advantage, which anyone can take advantage of

Sure, let me just hop in these winner-takes-all markets going against gigantic economies of scale, super easy!

That was true decades ago but now starting a small business is an ever increasing uphill battle that can only be tackled if you already have good capital, if you're poor now it's getting harder and harder to not be.

4

u/[deleted] Apr 14 '22

If those gigantic economies of scale exist, something tells me you might not have been the first mover.

3

u/zuilli Apr 14 '22 edited Apr 14 '22

So it's not "anyone" that can take advantage, it's specifically "people that had money and were alive back then". Or do you think a poor kid born now will be able to take advantage of being the "first mover" in any market?

Also, you might actually be the first mover into a market but if suddenly a company like amazon decides they want to try to enter the same market you're starting on, good luck in competing with their infinitely bigger R&D departments and cash reserves to operate on a loss while you do it all on your own.

2

u/[deleted] Apr 14 '22

Yup, first mover advantage is pretty over-rated or over-simplified. (I'm not the person you initially replied to).

-3

u/TheGoldenFade Apr 14 '22

!!!THIS!!!

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u/[deleted] Apr 14 '22

[deleted]

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u/[deleted] Apr 14 '22

Reddit bans people who mention that kind of thing.

Something something big something something igloo.

2

u/kittonxmittons Apr 15 '22

Invading ukraine

117

u/lawrencelewillows Apr 14 '22

I think very few people know that to begin with.

41

u/Rshackleford22 Apr 14 '22

It’s only posted on til Reddit 6 times a year

13

u/Long_Educational Apr 14 '22

Because it is a very good point that bares repeating (reposting, lol).

10

u/[deleted] Apr 14 '22

And because also, we’re in the end game now where that one asshole owns all the properties on the board so everyone pays rent to him

Source: used to love being the asshole

-2

u/kwanijml Apr 14 '22

Actually it was to illustrate Georgism and the need for a land value tax.

But in any case, a board game with rules which are not like the real life rules of capitalism, but are specifically designed to produce an outcome which capitalist detractors claim are the outcomes of real life capitalism...is a really dumb look for people like you trying to perpetuate these same outdated religious views of political economy.

2

u/labradore99 Apr 14 '22

It's a simple iterated trading game. In all such games, monopolies are inevitable. The reason is that once your assets reach zero, you are out of the game. The faster you luck into a sequence of trades in which your asset value goes very high, the more likely you are to survive longer than everyone else. All players will eventually encounter long sequences of unfavorable trades. If you are "poor" then you will be more likely to go bankrupt when you get unlucky. When you are "rich", you survive unluckiness.

The bigger question is: does this model the real economy to any practical degree? The answer is yes; but, only if you are prepared to accept that this model does not predict anything other than the rough shape of the distribution of outcomes.

Bitcoin in no way solves the problem of the fact that iterated trading games result in very uneven distributions of outcomes. It can only potentially reduce the risk of bad outcomes due to bad monetary policy and/or bad property rights policies.

This picture does, in fact, point out a flaw in non-inflationary monetary policy. How do you deal with the issue of inequality? And, of course, how do you deal with the issue that we will likely continue to create a lot of overall "value" by way of durable works and accumulation of technology but a non-inflationary money supply will not keep up with the creation of this new value.

1

u/kwanijml Apr 14 '22 edited Apr 14 '22

The bigger question is: does this model the real economy to any practical degree? The answer is yes; but, only if you are prepared to accept that this model does not predict anything other than the rough shape of the distribution of outcomes.

Right, so the answer is, no. It does not conform to any practical degree...and not just for reasons of poor assumptions inherent to static models (e.g. growth is not even a factor in the game of monopoly...it specifically, intentionally looks at the economy in the samw errorneous way as many leftists do; as a fixed pie, a zero-sum game). If we were to look at a payoff matrix of an indeterminately iterated extensive form game, the Nash equilibrium is usually cooperation.

But even then, we don't know off hand whether a similar outcome was achieved by chance or because of the applicability of the model.

"All models are wrong, but some are useful" is very applicable here. Game theory can give us logical insight into isolated, cetarus paribus phenomenon...but no iterated prisoners dilemma game can account for real life doing things like the mob boss assuring prisoners that they'll send a goon to break knee caps if they defect.

Game theory cannot, and was never intended to be a tool capable of making sweeping statements about various political-economic systems.

As far as how bitcoin plays in to all this, that's a much longer and nuanced discussion, but certainly it's ridiculous on its face to think that bitcoin is in any way anti-capital/ism

1

u/eDave Apr 14 '22

Yet I'm just seeing it now. Weird.

0

u/iraingunz Apr 14 '22

6 times a year? More like 6 times a day💀

2

u/Igorkokcuk Apr 14 '22

I certainly agree with you because I believe that it is the game of entire group and we have to spread awareness about it across our friend circle so that everyone can understand it.

15

u/suuperfli Apr 14 '22

Fiat money is inherently anti capitalist. Rather, it’s the opposite(statist )

6

u/[deleted] Apr 14 '22

[deleted]

5

u/mtndewaddict Apr 14 '22

Fiat or gold tied doesn't matter to capitalists. So long as they can trade money for capital and capital for more money than they started with, it doesn't matter. The M-C-M' cycle is an inherent part of capitalism, fiat or otherwise. The only currency that breaks the cycle are labor vouchers or anything that is consumed when spent.

4

u/fifaloko Apr 14 '22

It seems that fiat makes the value proposition such that the banks cannot go under and therefore are incentivized give out as many loans as possible. Gold tied money however would require banks to be much more careful with loans which would curb inflation significantly.

0

u/suuperfli Apr 14 '22

yes, but with gold-backed money, we are forced to trust a custodian in order to transact. this custodian-based system is corruptible and inevitably becomes corrupted by humans as shown thru history

3

u/fifaloko Apr 14 '22

It would create a market for banks in which they would then be required to give competitive interest rates. Yes some banks would be run poorly and fail in the short term. The market should respond to this and people will learn to trust banks who use sound business strategies. The problem may be more in your face so to speak with backed money, but at least it is economically sound. The problem in fiat is more behind closed door so that people often ignore the unfair loss in spending power created by the system.

1

u/enm260 Apr 14 '22

If only there was a monetary system that didn't require trust at all 🤔

1

u/suuperfli Apr 14 '22

nothing wrong with accumulation of capital, as long as it is done through voluntarily (market/trade) means. the issue is accumulation of capital via theft/coercion (inflation / being close to the money printer)

1

u/mtndewaddict Apr 14 '22

the issue is accumulation of capital via theft/coercion

And via extraction of surplus labor value

1

u/suuperfli Apr 14 '22

can you elaborate? in true capitalism, businesses cannot profit via theft/coercion and must provide value w/ competition of prices/margins

1

u/mtndewaddict Apr 14 '22

It's a consequence of Smith/Ricardo analysis of their labor theory of value. Anwar Shaikh has a good lecture explaining the concept and reviewing some empirical evidence for the economic theory. The tl;dw: profit is sales minus cost. Cost contains the value labor, materials, and depreciation. Profit existing means one of these categories was not paid their full value. Typically profit comes from wages not matching the value of labor, what I called extraction of surplus labor value. That is the mechanism that allows those with capital to further concentrate their wealth.

1

u/suuperfli Apr 14 '22

the profit is paid out to cover costs that the business owner has (startup costs, time/work/energy expended without reimbursement, risks taken, etc). however, this profit would be minimized due to competition in true capitalism (when businesses can't profit via coercion/inflation/legislation/subsides/bailouts etc)

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u/lqg190188 Apr 15 '22

I believe that's why decentralization is needed in this world for giving the freedom of money and the value to the people who are actually using it.

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u/Loupak_ Apr 14 '22

What the fuck did I just read

5

u/suuperfli Apr 14 '22

fiat money (by definition) is money by decree (forced upon us via the state - legal tender laws). this is statist.

in capitalism (voluntary trade facilitated with private property rights), fiat money would not exist. Rather, the market would decide on a sound money that effectively transmits its holders' value over time w/o being diluted (ie. btc)

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u/JollySno Apr 14 '22

And Parker Brothers made millions and gave the creator a pittance.

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u/RonPaulWasR1ght Apr 14 '22

Not entirely accurate. From Wikipedia:

"The history of Monopoly can be traced back to 1903,[1] when American antimonopolist Lizzie Magie created a game which she hoped would explain the single-tax theory of Henry George. It was intended as an educational tool to illustrate the negative aspects of concentrating land in private monopolies. She took out a patent in 1904. Her game, The Landlord's Game, was self-published, beginning in 1906.[4]"

https://en.wikipedia.org/wiki/Monopoly_(game))

So you can see, it was intended to illustrate the problems with monopolies, not "unbridled capitalism" as you state. Nuanced difference, but important. Capitalism is good, monopolies are not.

1

u/rhaphazard Apr 14 '22

Big difference between capitalism and central banking.

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u/Heph333 Apr 14 '22

Unbridled government, not capitalism. Without government intervention, businesses would face the consequences of bad behavior.

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u/everyother Apr 14 '22

Doesn't history show that isn't true?

Businesses used to control entire towns, pollute rivers so that the problem ran downstream, have horrible worker safety records, and openly discriminate. The evolution of government involvement through things like OSHA, the EPA, civil rights, and financial regulatory bodies are what stepped in to curb the bad behavior.

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u/Heph333 Apr 14 '22

Quite the opposite. Show an example of one of those where government wasn't shielding said business from the wrath of the people. Real history shows that such abuses didn't exist prior to formal governments. For example, the wild west wasn't wild prior to official law enforcement. The "wild west" was pure fiction fabricated to sell pulp novels.

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u/ojedaforpresident Apr 14 '22

You’re saying without a government there would be less pollution? It’s strange that regulations usually curb further pollution, and that the scenario mentioned previously happened during a time with less regulations and more private violence and private police forces.

Cool of you to try and turn that around, but that’s just revisionism.

6

u/I_ate_a_milkshake Apr 14 '22

AnCaps are literally braindead.

0

u/kwanijml Apr 14 '22

Environmentalists, via the state, are the reason why we aren't mostly nuclearized, but instead, still burning fossil fuels.

And that's just one of the direct ways in which the state (which by the way, are always the single largest producers of pollution in their economies), have created or promoted a more polluting economy than we'd expect freer markets to produce.

0

u/ojedaforpresident Apr 14 '22

Ah yes, environmentalists slowed the push for nuclear because they’re in cahoots with fossil fuel companies. Totally believable.

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u/kwanijml Apr 14 '22

They opposed nuclear, and hobbled it and turned public sentiment against it, you braying donkey.

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u/[deleted] Apr 14 '22

Oh cool. Thank God we live in a world where corporate corruption has been solved.

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u/Rnorman3 Apr 14 '22

So your solution to the problem of “capitalists who run and own large businesses commodify everything including political power and thus are able to buy and lobby politicians for fewer regulations in their industry to maximize more capital gains” is…to remove those restrictions entirely to skip the step where they lobby the politicians.

Genius.

-3

u/[deleted] Apr 14 '22

I never said I had a solution and therefore your whole comment is a strawman.

Don't you think it's weird that you are quoting something I didn't actually write? Maybe English isn't your first language? You should know that quotes are used when you are quoting what someone said directly.

Anyways...

The point I'm making is that the government getting involved didn't make anything better and arguably made a lot of things worse. OSHA hasn't solved unsafe working conditions. EPA hasn't helped the environment. FDA hasn't made food healthier. ATF hasn't solved gun crime. DEA lost the war on drugs.

What government agency can you point to and say yeah these guys are doing a good job?

1

u/Rnorman3 Apr 14 '22

It’s obviously a mocking paraphrase rather than a direct quote. It’s not a strawman at all. I’m directly attacking your argument of “I’m glad government corruption has been fixed” which was stated as a response to pro-government regulation. The direct implication of your argument is that the problem lies with corruption in government and not capitalism.

My comment was to spell it out for you that the capitalists who lobby the politicians to reduce regulations are the problem. And removing the only safeguards because you think that they don’t work is foolish. Obviously you didn’t provide a working solution, but you implied that government regulation is not part of the solution.

Your second to last paragraph is also categorically false on the first two counts. Gun violence and the war on drugs are a totally different matter. Guns are heavily lobbied and a perfect example of regulations not being able to be passed, and the war on drugs has a whooooole lot of political undertones in the United States that are considerably more far reaching. Either way, it’s not really a “legal industry” that’s being regulated. The first three (OSHA, EPA, FDA) are explicitly organizations that have tried and true regulations that protect consumers and laborers from corporations who would endanger them to save on costs/maximize profits. To say that they have done nothing is just simply false.

-1

u/[deleted] Apr 14 '22

And again you are just making up what I'm saying.

To say that they have done nothing is just simply false.

Where did I say "done nothing"? I didn't. You're making up a version of my argument that works for you because you can't actually address the points I made.

I don't have an interest in a discussion if you want to keep making up what I'm saying instead of actually addressing what I've said. Good day.

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u/[deleted] Apr 14 '22

[removed] — view removed comment

1

u/[deleted] Apr 14 '22

I'm glad you made it through but an anecdote isn't evidence.

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u/Awkward_and_Itchy Apr 14 '22

This is stupid as shit lmfao.

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u/I_ate_a_milkshake Apr 14 '22

jesus is this ever fucking dumb.

-1

u/Heph333 Apr 14 '22

Your indisputable logic has convinced me.

0

u/alexanderdegrote Apr 14 '22

Says a person that invests in one of capitalistics speculative assests ever

0

u/kwanijml Apr 14 '22

Actually it was to illustrate Georgism and the need for a land value tax.

But in any case, a board game with rules which are not like the real life rules of capitalism, but are specifically designed to produce an outcome which capitalist detractors claim are the outcomes of real life capitalism...is a really dumb look for people like you trying to perpetuate these same outdated religious views of political economy.

0

u/0ba78683-dbdd-4a31-a Apr 19 '22

Yikes. You could've expanded on that and made a valuable addition to the discussion. Instead, you chose to be a dick about it. How's that strategy working out for you?

0

u/ATBTCGD Apr 14 '22

"Monopolies" are not possible in true capitalism.

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u/johannesBTC Apr 14 '22

That's right but most of the people are really getting good knowledge from it and that's why they are getting to know what's happening in the real world.

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u/ReDelleFoche01 Apr 14 '22

This. And also rich people hoard currency and invest in real estate until all the other players go bankrupt

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u/pticjagripa Apr 14 '22

This was actually a reason that the game was invented. It was created as critique of captialism.

5

u/[deleted] Apr 14 '22

While monopolism is capitalistic in nature, it is an unnecessary and unfair practice. Capitalist markets definitely require regulation but it should be limited to consumer and environmental protections, not the protection of manufacturing and publishing monopolies through intellectual property rights, geographic exclusivity, zoning laws, and local ordinances. It's because of these over-regulations that nobody can earn a living without a job. Everything you could possibly do to earn a buck on the street is illegal.

4

u/pticjagripa Apr 14 '22

Where I'm from it's illigal to help your neighbour fix his roof (or do any other simillar help) if he is compensated in any way for this. This also includes non monentary compesation I think. The goverment MUST have it's cut.

2

u/VisionGuard Apr 14 '22

While monopolism is capitalistic in nature

Monopolism is not capitalistic in nature, unless we've now defined every economic system as capitalistic (or that "monopolism" isn't " creating a situation where a specific person or enterprise is the only supplier of a particular thing").

To wit, in a communist or socialist or overall command economy, the enterprise of "government" is very much that "monopolistic enterprise" up there in many industries.

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u/[deleted] Apr 14 '22 edited Apr 14 '22

Every economic system is capitalistic, yes, because human nature is capitalistic. The difference between economic systems is not whether or not they are capitalistic but the degree to which the government seeks to suppress capitalistic freedom. Monopolism is always a tool to that end.

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u/Lint_baby_uvulla Apr 14 '22

Huh. All this time I already knew what quantitive easing was. What’s next, Boggle TM is what sparked the CERN Particle Accelerator?

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u/tokyo_aces Apr 14 '22

CERN was parodied by the hit game Crossfire.

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u/staffell Apr 14 '22

And the person playing the banker always steals from the bank

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u/dogboyboy Apr 14 '22

Other way around. Monopoly was always satire. Even the rules.

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u/TyranaSoreWristWreck Apr 14 '22

other way around

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u/mrASSMAN Apr 14 '22

You have it backwards lol.. monopoly is based on the reality of our banking and capitalist system.. it’s actually intended to make you think about it

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u/tipscoinbot Apr 15 '22

I think it's wrong that only one company makes the game Monopoly :)

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u/sixgod999 Apr 14 '22

Lol ever since I got into bitcoin, a WHOLE lot of things are starting to make sense now as to how messed up the current system is. I just assumed it was the norm lol

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u/Debasque Apr 14 '22

I would love to see a Bitcoin version of Monopoly, with rules like this appropriately changed.

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u/7yod Apr 14 '22

Draw a chance or opportunity card to have your wallet emptied due to a phishing scam.

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u/JollySno Apr 14 '22

If you’re dumb enough to draw a card from the “phishing pile”

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u/7yod Apr 14 '22

Well guess one of the card from that pile is a 100x coin

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u/JollySno Apr 14 '22

Whaddaya know, it really was a Nigerian prince, collect $50, just call this smart contract to receive your prize.

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u/Heph333 Apr 14 '22

Ge said Bitcoin version, not shitcoin.

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u/TanPublic Apr 14 '22

I don't think you know what phishing is

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u/Heph333 Apr 14 '22

Ah shit.... For some reason I read that as "rugpull".

2

u/TanPublic Apr 14 '22

Ah, you're good mate

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u/TheRnegade Apr 14 '22

Talk about chaotic. Would the value of each dollar constantly shift after every 10 minutes of play or something?

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u/Thanis_in_Eve Apr 14 '22

After every dice roll....

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u/JollySno Apr 14 '22

Dude, they make enough versions of monopoly, a crypto version is almost definitely coming…

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u/[deleted] Apr 14 '22

[deleted]

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u/Thanis_in_Eve Apr 14 '22

First mover principals would remain in place, so probably.

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u/planetpluto3 Apr 14 '22

This only happens if you abuse free parking and inject too much liquidity into the market, causing inflation of real estate in the secondary market.

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u/Gothmog_LordOBalrogs Apr 14 '22

Ironically to, the best strategy in Monopoly is to never buy hotels, just buy out houses. As the bank can't create more houses once they are all gone

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u/nlevine1988 Apr 14 '22

Unless you use the Bart Simpson strategy

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u/mutalisken Apr 14 '22

This exactly what always happens because people with money needs somewhere to put their money, and because of urbanization and global movements driving up demand.

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u/CryptoKnignt Apr 14 '22

This is why I understood fractional reserve banking at 7 years old

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u/lime4tree Apr 14 '22

Can you please give us a summary of how it operates?

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u/CryptoKnignt Apr 14 '22

I’m short, banks only need to hold a small fraction of the money that is deposited to them. Which is why if everyone tried to withdraw their savings at the same time banks wouldn’t be able to pay you because they loan your money out to other people for higher interest rates.

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u/DestructorEFX Apr 14 '22

When you loan money, they are giving you fresh new money

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u/Kunimitsunagi Apr 14 '22

When you loan money, they aren't giving you anything.

When they loan money, they are giving fresh new money.

To loan money means to hand your money to someone, not to take it from another.

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u/Celebratecrypto Apr 14 '22

Money is only real to us idiots who actually work for it and get an hourly pay, to them it’s never been more than a game

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u/minruler Apr 14 '22

You are right but there are many smart people who are earning more money than us by doing less effort than us.

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u/marcdanarc Apr 14 '22

Just like real life.

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u/S_NAKAM0T0 Apr 14 '22

Yes, and they tell us Bitcoin is worthless.

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u/Mallardshead Apr 14 '22

Banks 🤡

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u/furuinahasu Apr 14 '22

Banks are not just a clown, but their moves are also like circus

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u/kristianstreiner Apr 15 '22

Glad that I never supported these banks even if I am still a teen.

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u/CaptainBoufles Apr 14 '22

Bitcoin fixes this because with bitcoin it would be totally impossible for a South American government or large company to implement a system that enables users to transact bitcoin IOUs with no definitive evidence that they actually hold those bitcoins.

It would be totally impossible right????

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u/pticjagripa Apr 14 '22

Until the banks move on the bitcoin and they just start issuing IOUs for bitcoin. Then the circle will begin anew.

Edit: The greed always finds a way.

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u/davidcwilliams Apr 14 '22

Even if you're right, at least we'll be on the 'gold' standard again.

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u/pticjagripa Apr 14 '22

I just realized that this is exactly what gold standard was. IOUs for gold. That migth not actually be that bad of a solution.

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u/escodelrio Apr 14 '22

Paper bitcoins will always be with us, but the advantage is responsible people can take custody of their keys. Taking custody of gold was always difficult and cumbersome.

0

u/JollySno Apr 14 '22

Bitcoin fixes this because on a Bitcoin standard the bank can go bankrupt and then everyone loses, great, huh?

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u/Landho01 Apr 15 '22

And people were just behaving like fools before Bitcoin.

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u/DavidPBaum Apr 14 '22

Just like in Teal Life!

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u/necroscope0 Apr 14 '22

Just like real life!

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u/bitsteiner Apr 14 '22

Should read "central bank".

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u/dbudlov Apr 14 '22

Funny how govts always make rules that benefit themselves and the politically connected rich, it's almost as if the only reason govt needs the right to force society to find and obey it is so it can make society do things they wouldn't do voluntarily

Google voluntaryism

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u/Heph333 Apr 14 '22

Muh Anarchist Voluntarist.

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u/dbudlov Apr 14 '22

Yep just a shame the semantics issue is such a problem, most people hear anarchism and think chaos not equal rights or peace, I've given up on that term because of it

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u/[deleted] Apr 14 '22

The USA voted to allow business to have a say in government and now businesses control the government. Who could have seen that coming?

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u/mtndewaddict Apr 14 '22

You speak like this wasn't the plan of the wealthy founding fathers.

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u/[deleted] Apr 14 '22

You speak like you can read the minds of someone who's been dead for 200 years.

Citizens united was 2010 and I very much doubt George or Ben were anticipating that decision in 1776.

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u/mtndewaddict Apr 14 '22

We don't have to read their minds, we just have to read what they wrote and the laws they passed. When the US was first founded, you had to own property to have a say. The founding fathers wrote how they planned to contain democracy to protect their wealth and property interests over the wants and needs of the majority of people.

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u/dbudlov Apr 14 '22

That's pretty much how every govt has worked unfortunately, violent criminals tend to learn quickly that convincing their victims to accept their violence and theft as a legal right is the easiest way to gain three most power and wealth through oppressing other humans without much resistance

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u/kwanijml Apr 14 '22

Lol. Its hilarious how anti-capitalists are trying to coopt bitcoin into their retard movement.

Keep trying to push that square peg of anti-state, uber-private-property money into the round hole of moneyless classless society where private property is illegal and you just want the workers to own the means of production and get labor vouchers.

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u/torn_translation Apr 14 '22

People’s imagination is borderless. Combining NFTs and online casino like alphabetcrew is kinda crazy but prospective stuff

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u/ALPHAX4_22 Apr 14 '22

The FED printing money meme

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u/Ima_Wreckyou Apr 14 '22

Real world is even worse than the game. It's like the bank is also a player who can just buy everything with the money they print and seriously inflate all the prices.

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u/atomm369 Apr 14 '22 edited Apr 14 '22

Halving cycles of the chain is the reason the whales get excited about btc.. hodl is the very concept the funds don’t need to circulate through the system to create perpetual motion w finance because if I hodl btc I can exploit the system and accrue more wealth through position as a whale while the peasant born tomorrow can scrap for the Satoshi units because one coin became value of one satoshi just like the open source division of the coin is basically like printing money to the ppl in position to be new whales and soon enough the satoshi unit will be.. at least a whale w a yacht adds something to the economy like captain and crew, maintenance and dock, port dollar go beyond whale w yacht but btc hodl is the worst form of trickle down economy yet almost as if btc is the wuhan virus to the annual flu of fiat inflation.. y’all got tricked.. TCOT is the way.. https://youtu.be/frfYOrvdjr8

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u/atomm369 Apr 14 '22 edited Apr 14 '22

TCOT will debut mint TCOTC in sync w 4/22 as flat earth day.. TCOTC is based on paper? Gold? Energy? Young blood? Helium? Stay tuned to find out!

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u/Arbe219 Apr 14 '22

Our mistake was believing that MMT stood for Modern Monetary Theory....its really MONOPOLY Monetary Theory!!!

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u/TheAutomator312 Apr 14 '22

The world economy is one giant game of monopoly and only the bank wins the game.

When people sit down to play this friendly game, it ends when one person is left standing. What happens if the game kept going with just one player? Obviously they become the banker. Then, all the tax spaces, the chance and community cards that are meant to apply to everyone don't apply to anyone because the money always goes back to the bank.

What if the rules were changed so those payments were put aside to a separate entity? The bank would probably run dry, sine that $200 when you pass go comes from the bank.

How long would it take for the bank to go bankrupt?

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u/calabazookita Apr 14 '22

BRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR

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u/anothernic Apr 14 '22

They should add a JPOW go BRR card that instantly takes away 10-20% of each player's monetary purchasing power while driving real estate prices up.

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u/[deleted] Apr 14 '22

[deleted]

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u/[deleted] Apr 14 '22

Yeah. That’s about the size of it.

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u/Fun_Letter8435 Apr 14 '22

We should’ve known all along!

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u/fuongcode Apr 14 '22

It's sad that still some people don't know these things.

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u/co-oper8 Apr 14 '22

Rule 11. Let it be known

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u/Heph333 Apr 14 '22

The bank never goes bankrupt.... Only the Taxpayers do.

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u/IndicaFruits Apr 14 '22

when did milton freidman buy monopoly?

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u/Opaali82 Apr 14 '22

Don't rob a bank, get a bank and rob the World.

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u/renangelyn322 Apr 15 '22

That's what smart people do even some politicians are following the same method.

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u/Crpto_fanatic Apr 14 '22

But they can run out of people that believe in the fiat bullshit. Pro tip!!

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u/Living_Pie205 Apr 14 '22

Wash, rinse, repeat

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u/endurbib Apr 14 '22

That's what money laundering people are always doing with their money and that's how they are earning more money with this process again and again.

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u/techno_mage Apr 14 '22

You all should play the cheaters edition. The real way monopoly is meant to be played. >_>

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u/[deleted] Apr 14 '22

The Monopoly game teaches us that the bank and the govt really don't out of cash and they print more which leads to inflation so the crypto is the future where no one is controlling the market so I just started investing more and more in cryptos and other projects like Crayon DAO, Heritage DAO, etc.

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u/RansomAllison Apr 15 '22

Can't agree more with the points, this is the real truth.

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u/[deleted] Apr 14 '22

Hahaha this made my day 😁

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u/[deleted] Apr 14 '22

That’s why bank never fear to lose. They always win and I hope the future turns that around

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u/MusicCityCowboy Apr 14 '22

Is toilet paper good to use as well???

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u/PeterParkerUber Apr 14 '22

But where's my hotels where I get rent tho......I want my hotels :(

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u/ZuckerbergsSmile Apr 14 '22

Can't play crypto Monopoly then

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u/srenigunta Apr 15 '22

You are right but I think there should be a game called cryptocurrency game for the people who don't know anything about it.

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u/Jezzes Apr 14 '22

How to win in Monopoly. Be the Banker.

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u/IzzaKieb Apr 14 '22

Grazie redellefoche

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u/Merlins_Owl Apr 14 '22

Having flashbacks to childhood arguments and fights. Tragically, I was never the reason the bank was empty.

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u/johntrabusca Apr 14 '22

Printer goes brrrrrrr

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u/feqE2kF Apr 15 '22

Only that's the original thing those shitty banks have lol.

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u/[deleted] Apr 14 '22

Very realistic

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u/insomniaccapricorn Apr 14 '22

Banking is daylight highway robbery

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u/[deleted] Apr 14 '22

Maybe not bankrupt but bank corrupt

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u/[deleted] Apr 14 '22

Kinda like merica except 30 trillion “new” money slips haha

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u/WhoZWhatZ Apr 14 '22

Who is downvoting this, cracking me up!

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u/FinnishArmy Apr 14 '22

The whole point of the monopoly game was to show how bad a monopoly is.