Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
Information
Discover
Search
Login
简中
繁中
English
日本語
한국어
ภาษาไทย
Tiếng Việt
BTC
ETH
HTX
SOL
BNB
View Market
Elon Musk compares the Fed's operation to the rules of Monopoly, where banks cannot go bankrupt and can print unlimited money
2024-05-12 02:09:21
Odaily News Elon Musk compared the operation of the Federal Reserve to the rules of the game Monopoly. According to the screenshot: "What happens if the bank runs out of money? Some players believe that if the bank runs out of money, it will go bankrupt. (But in fact) the bank will never go bankrupt. To continue playing, use slips of paper to record each player's bank transactions until the bank has enough paper money to operate again. Bankers can also issue 'new' money with ordinary slips of paper." Crypto community members commented that Bitcoin can solve this problem. (Bitcoin Magazine) Note: Monopoly, also known as real estate tycoon, is a multiplayer strategy board game. Participants share game money and buy land and build buildings to earn rent based on luck (rolling dice) and trading strategies. The original English name Monopoly means "monopoly" because there is only one winner in the end, and the rest end up bankrupt. The game was originally designed to expose the drawbacks of laissez-faire capitalism, but it became popular after its launch.