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Bitcoin How It Works? by domack99(m): 5:13pm On Feb 02, 2018 |
*BITCOIN* How it 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 gave $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 started 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 sell some monkeys @ 700 each secretly. � This news spread like fire. Since the merchant buys 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 realised that they have bought the useless stray monkeys @ 700 each and unable to sell them! ���������� The Bitcoin will be the next monkey ��� business It will make a lot of people bankrupt and a few people filthy rich in this monkey business. ��� That's how it will work� This story looks funny yet it makes sense in the scenario of Bitcoin 3 Likes |
Re: Bitcoin How It Works? by teekay213(m): 5:22pm On Feb 02, 2018 |
Good post. All the Cryptos are falling like London bridge. Imagine ripple I bought $3.2 now 0.8 ah mogbe! Im FUD |
Re: Bitcoin How It Works? by talk2riel: 5:22pm On Feb 02, 2018 |
They say bitcoin is The future. I rather remain old school. MMM memory is still fresh in our minds |
Re: Bitcoin How It Works? by dcole73: 7:58am On Mar 08, 2018 |
@OP, you are very correct. |
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