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ROLEXROLEXROLEXROLEXROLEXROLEX
ROLEXROLEXROLEXROLEXROLEXROLEX
3 December 2022, 03:36 AM
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#1 |
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2024 Pledge Member
Join Date: Feb 2014
Real Name: John Baker III
Location: Spring,Texas
Watch: 1971 Red Sub
Posts: 2,221
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How Crypto's Work
How Crypto Currency works… an analogy in layman’s terms.
Not long ago a merchant found a lot of monkeys that lived near a certain Village. One day he came to the Village saying he wanted to buy these monkeys. He announced that he would buy the monkeys at $100 each. The Villagers thought that this man must be crazy. How can somebody buy stray monkeys at $100 each? Still some People caught some monkeys and gave it 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 at $200 each. The lazy villagers also ran around to catch the remaining monkeys. They sold the remaining monkeys at $200 each. The merchant then announced that he will buy monkeys for $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 on holiday for a week, but when he returns, he will buy monkeys at $1000 each! He also said that his employee will be in charge and would take care of the monkeys he bought pending his return. The Merchant went on holiday. The Villagers were frantic and very sad as there were no more monkeys left for them to sell at $1000 each as was promised by the Merchant. Then the Merchant’s Employee contacted them and told them that he would secretly sell them some monkeys at $700 each. The news spread like wildfire. As the Merchant promised on his return that he would buy monkeys at $1000 each, they would achieve a $300 profit for each monkey. The next day the Villagers queued up near the Monkey Cage. The Employee sold all the monkeys at $700 each. The rich bought monkeys in large lots. The poor borrowed money from money lenders and bought the rest of the monkeys. The Villagers took care of their monkeys and waited for the Merchant to return. However, nobody came! Then they ran to find the Employee. However, he was not to be found. The Villagers then realized that they have been duped buying the useless stray monkeys at $700 each and were now unable to sell them. This Monkey Business is now known as Bitcoin! 
__________________
As I've grown older, I've learned that pleasing everyone is impossible, but pissing off everyone is a piece of cake. 
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3 December 2022, 05:32 AM
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#2 |
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2024 Pledge Member
Join Date: Jul 2022
Location: Budapest, HU
Watch: 17000B, B+W
Posts: 1,971
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11 December 2022, 05:42 AM
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#3 |
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2024 ROLEX DATEJUST41 Pledge Member
Join Date: Aug 2012
Real Name: Mike
Location: New York
Watch: Rolex
Posts: 21,350
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__________________
 Oh, look at the time... Official Member: 'WIS-CON' Las Vegas International GTG 2019 |
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14 December 2022, 06:47 AM
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#4 |
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"TRF" Member
Join Date: Dec 2017
Location: In denial
Watch: It's complicated
Posts: 1,610
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I like this one a lot
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15 December 2022, 03:25 AM
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#5 |
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2024 ROLEX DATEJUST41 Pledge Member
Join Date: Sep 2008
Location: New Mexico
Watch: 116710 BLNR
Posts: 34,345
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Very accurate and very funny, but there are a lot of people who are not laughing right now.
__________________
JJ Inaugural TRF $50 Watch Challenge Winner |
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15 December 2022, 03:40 AM
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#6 |
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2024 Pledge Member
Join Date: May 2012
Real Name: Woody
Location: Surf City USA
Watch: me live @the Beach
Posts: 1,781
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15 December 2022, 12:42 PM
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#7 |
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2024 Pledge Member
Join Date: Jul 2017
Real Name: jb
Location: Texas
Posts: 2,249
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Spot on
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23 December 2022, 01:33 AM
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#8 |
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Banned
Join Date: Aug 2022
Location: Europa
Watch: 116610LV
Posts: 71
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Lol
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24 December 2022, 11:50 AM
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#9 |
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2024 ROLEX DATEJUST41 Pledge Member
Join Date: Feb 2018
Real Name: Webmaster
Location: Space
Watch: it pal !
Posts: 2,955
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Awesome
__________________
 " Even I don't wake up looking like Cindy Crawford".Cindy Crawford Hypochondria is the only disease I haven't got RIP Mikey |
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24 December 2022, 05:49 PM
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#10 |
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2024 Pledge Member
Join Date: Nov 2021
Real Name: Keith
Location: California
Watch: 60s to 90s
Posts: 1,260
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Shell game, ponzi scheme, pyramid scheme, bait & switch, crypto currency, all smell the same…
__________________
Just an admirer/enthusiast of vintage Rolex/Heuer/Zenith/Breitling/Hamilton watches since the 80’s… ”I Do Love The Details, But I Can Choose If I Accept The Flaws…” |
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24 December 2022, 05:56 PM
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#11 | |
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2024 Pledge Member
Join Date: Jul 2022
Location: Budapest, HU
Watch: 17000B, B+W
Posts: 1,971
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Quote:
 Pecunia non olet!
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24 December 2022, 06:24 PM
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#12 | |
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2024 Pledge Member
Join Date: Nov 2021
Real Name: Keith
Location: California
Watch: 60s to 90s
Posts: 1,260
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Quote:
 lol
__________________
Just an admirer/enthusiast of vintage Rolex/Heuer/Zenith/Breitling/Hamilton watches since the 80’s… ”I Do Love The Details, But I Can Choose If I Accept The Flaws…” |
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24 December 2022, 08:55 PM
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#13 | |
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2024 Pledge Member
Join Date: Jul 2022
Location: Budapest, HU
Watch: 17000B, B+W
Posts: 1,971
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Quote:
 This game reminds me to this: Merry Christmas! 
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25 December 2022, 12:25 AM
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#14 |
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"TRF" Member
Join Date: Dec 2013
Location: FL
Watch: platinum sub
Posts: 15,884
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same way common stock works. shocker. no real rights and behind creditors and preferred stock owners.
__________________
If you wind it, they will run. 25 or 6 to 4. |
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