|
Title: A retort to the "Monopoly Money Argument" Post by: 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 (https://en.bitcoin.it/wiki/Differences_between_Bitcoin_and_Monopoly_Money). Title: Re: A retort to the "Monopoly Money Argument" Post by: 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.
Title: Re: A retort to the "Monopoly Money Argument" Post by: ElectricMucus on August 03, 2012, 08:24:12 AM fiat money has value because you are forced to accept it.
thread over. Title: Re: A retort to the "Monopoly Money Argument" Post by: jim618 on August 03, 2012, 08:50:11 AM 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 ? Title: Re: A retort to the "Monopoly Money Argument" Post by: Raoul Duke on August 03, 2012, 09:34:37 AM A friend just asked me today what separates Bitcoin from Monopoly Money. Here is the result (http://www.reddit.com/r/Bitcoin/comments/xm0zs/a_retort_to_the_monopoly_money_argument/). Why link it to reddit where it links to the Bitcoin Wiki? Title: Re: A retort to the "Monopoly Money Argument" Post by: ripper234 on August 03, 2012, 11:57:51 AM Why link it to reddit where it links to the Bitcoin Wiki? Sorry, my mistake ... fixed. Title: Re: A retort to the "Monopoly Money Argument" Post by: Serge on August 03, 2012, 02:12:23 PM Fiat is the Monopoly Money
Title: Re: A retort to the "Monopoly Money Argument" Post by: RodeoX on August 03, 2012, 02:14:04 PM All money is Monopoly money because all money is just an arbitrary token in an arbitrary game. My first thought also.Title: Re: A retort to the "Monopoly Money Argument" Post by: mobile4ever on August 03, 2012, 05:07:49 PM 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. |