Gathering of the Clan

A Gathering of Fly Fishermen
It is currently Sun Dec 09, 2018 4:39 pm

All times are UTC - 5 hours




Post new topic Reply to topic  [ 2 posts ] 
Author Message
PostPosted: Thu Jan 18, 2018 2:37 pm 
Offline

Joined: Mon Oct 23, 2017 9:54 am
Posts: 92
Here's how "bitcoin" actually works:

“A lot of monkeys lived near a village. One day a merchant came to the village to buy these monkeys! He announced that he will buy the monkeys @ $100 each. The villagers thought that this man is mad. They thought how can somebody buy stray monkeys at $100 each? Still, some people caught some monkeys and gave them to this merchant and he paid them $100 for each monkey. This news spread like wildfire and people caught monkeys and sold them to the merchant.

After a few days, the merchant announced that he will buy monkeys @$200 each. The lazy villagers also ran around to catch the remaining monkeys! They sold the remaining monkeys @$200 each.

Then the merchant announced that he will buy monkeys @$500 each! The villagers start to lose sleep! ... They caught six or seven monkeys, which was all that was left and got $500 each.

The villagers were waiting anxiously for the next announcement. Then the merchant announced that he is going home for a week. And when he returns, he will buy monkeys @$1000 each! He asked his employee to take care of the monkeys he bought. He was alone taking care of all the monkeys in a cage.

The merchant went home. The villagers were very sad as there were no more monkeys left for them to sell at $1000 each. Then the employee told them that he will secretly sell some of the monkeys @$700 each. This news spread like wildfire. Since the merchant now will buy monkeys @$1000 each, there is a $300 profit for each monkey.

The next day, villagers made a queue near the monkey cage. The employee sold all the monkeys at $700 each. The rich bought monkeys in big lots. The poor borrowed money from money lenders and also bought monkeys! The villagers took care of their monkeys & waited for the merchant to return. But nobody came! ... Then they ran to the employee but he had already left, too!

The villagers then realized that they have bought the useless stray monkeys @ $700 each and are unable to sell them!

Now you understand how Bitcoin works.


Top
 Profile  
 
PostPosted: Fri Jan 19, 2018 9:33 am 
Offline

Joined: Fri Nov 10, 2017 3:25 pm
Posts: 247
Location: Gwinnett County, GA
I shared that on FB, several friends were appreciative. I tried to give you as much credit as I could without revealing your ID.


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 2 posts ] 

All times are UTC - 5 hours


Who is online

Users browsing this forum: No registered users and 4 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
Powered by phpBB® Forum Software © phpBB Group