A retort to the "Monopoly Money Argument"

[ripper234]

A friend just asked me today what separates Bitcoin from Monopoly Money.

Here is the result.

[LightRider]

All money is Monopoly money because all money is just an arbitrary token in an arbitrary game.

[ElectricMucus]

fiat money has value because you are forced to accept it.

thread over.

[jim618]

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 ?

[Raoul Duke]

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]

Why link it to reddit where it links to the Bitcoin Wiki?

Sorry, my mistake ... fixed.

[Serge]

Fiat is the Monopoly Money

[RodeoX]

All money is Monopoly money because all money is just an arbitrary token in an arbitrary game.

My first thought also.

[mobile4ever]

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.