I've been reading Bitcoin Is Venice and looking for a simpler explanation for the fiat Ponzi. It occurred to me that Monopoly would be useful as an explanatory model. Normal Monopoly is a pretty fair game, but with a couple of small changes, it could be Fiat Monopoly. Just give the banker the ability to inject money to a player, and allow the banker to levy a tax for each round. Then the game takes on most of the characteristics of the fiat Ponzi. The money injection increases the money supply, leading to asset price raises/inflation, and wealth transfer from the players who don't get the additional money.
Am I way off base here or is this a good explanatory model for those who don't have time or energy for going down the rabbit hole??
@allenf32, @sacha_meyers, @Martellfox, @jackmallers, @FossGregfoss, @lawrenceLepard, @JasonPLowery, @natbrunell
Modest Model 3 /
npub140…yd3xm
2023-02-26 18:11:06
Author Public Key
npub140tfk03hd8y820zf5eqexpwqxn7fml58tyqerf59v2rt5whcve8q7yd3xmPublished at
2023-02-26 18:11:06Event JSON
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"pubkey": "abd69b3e3769c8753c49a6419305c034fc9dfe87590191a6856286ba3af8664e",
"created_at": 1677435066,
"kind": 1,
"tags": [],
"content": "I've been reading Bitcoin Is Venice and looking for a simpler explanation for the fiat Ponzi. It occurred to me that Monopoly would be useful as an explanatory model. Normal Monopoly is a pretty fair game, but with a couple of small changes, it could be Fiat Monopoly. Just give the banker the ability to inject money to a player, and allow the banker to levy a tax for each round. Then the game takes on most of the characteristics of the fiat Ponzi. The money injection increases the money supply, leading to asset price raises/inflation, and wealth transfer from the players who don't get the additional money.\n\nAm I way off base here or is this a good explanatory model for those who don't have time or energy for going down the rabbit hole??\n\n@allenf32, @sacha_meyers, @Martellfox, @jackmallers, @FossGregfoss, @lawrenceLepard, @JasonPLowery, @natbrunell\n",
"sig": "fdf9fddfb1badeb68dd56e53b1bee1791bf65f3d4d4cf04dee83395d928e2a27c2918100009374c7f0e58a805226758e4ac224549b401ff8ecb2836a22679604"
}