Bitcoin Forum

The debt crisis explained very well. As a poker game :)

Source: https://www.reddit.com/r/Bitcoin/comments/3d4gbu/no_we_dont_we_dont_owe_you_anything/ct1o3x7

We were once playing a fair poker game, and all was well. This changed when every few hands the dealer started reaching into the box of spare chips to give out new ones to his nearby friends.

And the rest of us are going, "Hey, what the fuck are you doing?"

The dealer assures us, "Don't worry, this is healthy and normal."

Again and again the dealer reaches into the box and pretty soon the 100 chips we built up through hard work are nothing compared to the gargantuan stacks being shoved around by the other players.

"This is fucking bullshit!" we call. "You're giving all the new chips to those two guys!"

"Yes, but the important part is that they are being distributed into the game," the dealer assures us. "Just keep playing hands and those chips will trickle into your piles too."

"No, they won't, because those guys are just using them to bully the rest of us around! I can't even afford to see most flops anymore."

"Hmmm," the dealer thinks. "Wait, I know how to fix this." He reaches into the box and hands out two more stacks of chips to his friends, the largest yet.

That's when we get up from the table as the dealer calls, "Hey, where are you guys going?"

"To make our own game, a fair one."

Source: https://www.reddit.com/r/Bitcoin/comments/3d4gbu/no_we_dont_we_dont_owe_you_anything/ct1o3x7

This is indeed a poker game, and what are seeing now is a match that's being won by the troika, unless tsipras does an impossible move in less than 48 hours, and i dont think so.

This is clever, but I can't decide if the people being given chips by the dealer are the wealthy or the poor (in hand outs). In one case hands outs are being given as bailouts to corporations. In another case handouts are being given as benefits or entitlements to the poor. The latter example is similar to what's happened in Greece.

It probably doesn't matter which way one looks at as long as both types of analogy are true.

The challenge I have with all of this is the punch line. If Bitcoin is to be the fair system, this analogy implies that it will remain decentralized and therefore no one entity will be in control of giving handouts, bailouts, or other forgivable loans...I could live with that!

The one dealing all the cards is for sure Ms Merkel. She decides who gets the good cards, and you can get some cheap ones. If you don't like how that works, you get kicked out.
If this was a role playing game, then Lagarde would be the gamemaster, dressed as a lizard, because she looks like an actual reptilian.

Great comment. Gilded that guy. With glorious Bitcoin. :D

The example is a good one about the power of financial powerhouses to push around the weakest links.
As with all politics there is definitely a game of Poker going on between different parties with different objectives and goals with the objective of exerting their power on others.