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Author
Topic: A retort to the "Monopoly Money Argument" (Read 1745 times)
ripper234
(OP)
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Activity: 1358
Merit: 1005
Ron Gross
A retort to the "Monopoly Money Argument"
August 03, 2012, 08:06:35 AM
Last edit: August 03, 2012, 11:57:24 AM by ripper234
#1
A friend just asked me today what separates Bitcoin from Monopoly Money.
Here is the result
.
Please do not pm me, use
ron@bitcoin.org.il
instead
Mastercoin
Executive Director
Co-founder of the Israeli Bitcoin Association
LightRider
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Activity: 1500
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I advocate the Zeitgeist Movement & Venus Project.
Re: A retort to the "Monopoly Money Argument"
August 03, 2012, 08:20:54 AM
#2
All money is Monopoly money because all money is just an arbitrary token in an arbitrary game.
Bitcoin combines money, the wrongest thing in the world, with software, the easiest thing in the world to get wrong.
Visit
www.thevenusproject.com
and
www.theZeitgeistMovement.com
.
ElectricMucus
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Marketing manager - GO MP
Re: A retort to the "Monopoly Money Argument"
August 03, 2012, 08:24:12 AM
#3
fiat money has value because you are forced to accept it.
thread over.
jim618
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Re: A retort to the "Monopoly Money Argument"
August 03, 2012, 08:50:11 AM
#4
From the rules of Monopoly:
The Bank "never goes broke." If the Bank runs out of money, the Banker may issue as much as needed by writing on any ordinary paper.
Which would you prefer: 1,000 bitcoin or a scrap of paper from a Banker with '$10,000' scribbled on it ?
MultiBit HD
Lightweight desktop client.
Bitcoin Solutions Ltd
Bespoke software. Consultancy.
Raoul Duke
aka psy
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Re: A retort to the "Monopoly Money Argument"
August 03, 2012, 09:34:37 AM
#5
Quote from: ripper234 on August 03, 2012, 08:06:35 AM
A friend just asked me today what separates Bitcoin from Monopoly Money.
Here is the result
.
Why link it to reddit where it links to the Bitcoin Wiki?
ripper234
(OP)
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Activity: 1358
Merit: 1005
Ron Gross
Re: A retort to the "Monopoly Money Argument"
August 03, 2012, 11:57:51 AM
#6
Quote from: psy on August 03, 2012, 09:34:37 AM
Why link it to reddit where it links to the Bitcoin Wiki?
Sorry, my mistake ... fixed.
Please do not pm me, use
ron@bitcoin.org.il
instead
Mastercoin
Executive Director
Co-founder of the Israeli Bitcoin Association
Serge
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Re: A retort to the "Monopoly Money Argument"
August 03, 2012, 02:12:23 PM
#7
Fiat is the Monopoly Money
RodeoX
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The revolution will be monetized!
Re: A retort to the "Monopoly Money Argument"
August 03, 2012, 02:14:04 PM
#8
Quote from: LightRider on August 03, 2012, 08:20:54 AM
All money is Monopoly money because all money is just an arbitrary token in an arbitrary game.
My first thought also.
The gospel according to Satoshi -
https://bitcoin.org/bitcoin.pdf
Free bitcoin in
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- Stay tuned for this years Bitcoin hunt!
mobile4ever
Hero Member
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Re: A retort to the "Monopoly Money Argument"
August 03, 2012, 05:07:49 PM
#9
Quote from: LightRider on August 03, 2012, 08:20:54 AM
All money is Monopoly money because all money is just an arbitrary token in an arbitrary game.
Dollars are worth less than the Monopoly money, because they are issued as debt. At least in the
game
, you can play
honestly
.
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