"You owe us 22million bitcoins!"
I will create for you... a token!
I will give it to you!
Just pay me back later ☉‿☉
....
All you need to do is give me 5% interest rate!
It's ok though, you can manage that!
Of course, if you can't it may grow in time...
AND I WILL PUNISH YOU IF YOU DON'T PAY ME BACK
But hey, 5% is nothing!
ACCEPT THE OFFER
...
[first and only 1 million tokens created]
Now you have THE million tokens!
Spend them in lots of places,
treat them as value,
spread them around!
...
[1 year passes]
Time to pay!
I DEMAND 1,050,000 TOKENS ❁‿❁
WHAT'S WRONG? YOU LOST SOME?
SOME ARE DESTROYED? SOME ARE STOLEN?
TOO BAD, PAY NEXT YEAR - OR ELSE
...
[1 year passes]
LAST CHANCE ॓_॔
[1 MILLION TOKENS PAID]
How impressive!
You collected and recovered all the tokens!
Now you paid back every token that exists!
I can subtract this from your debt!
1,102,500 - 1,000,000
=
102,500
ouch, a big chunk you owe me.
Don't worry though, no need to panic!
I'll give you some tokens, to help of course!
You just need to do a bit of work for me!
5,000 for a resteem!
5,000 for an upvote!
10,000 for a follow!
...
ok, all done?
That's great, but...
IT LOOKS LIKE YOU STILL OWE ME
MORE TOKENS
(◣◡◢)
ever wonder why everyone is in debt?
it's because debt can exceed total money supply.
SO TELL ME: DO YOU WANT TO PLAY THIS FIAT GAME?
$100,000,000/Bitcoin
2021
☼
yea baby..lol...when I read the title all i thought was the gov wants all your present bitcoin and future one in its pockets but I was confused of that extra hahaha...yup!!
these days I was thinking of how can gov take it all back from you...taxes!! that's righ!! high taxes that is...40-50-60% even more lol...and if you don't like it and protest ..ok! fine...let's make it 40% with a tax on tax twist and before you know you paid them back 80% hahaha...or even suppress it with a 20% tax but with a secret triple twist effect...I don't even know what am saying lol...all I know is to beat them at their game and bounce!!
Fractional reserve banking. And some wonder why the US Dollar lives a deflationary life...
UPVOTE---Hardcore thoughts, very true. That in incrimental debt system money is always created through debt, with an endless supply, whether the Fed chooses to print more or not. The actual amount of cash in the US economy is less than 2% the supply. The more commerce/trade the more debt. Great article, solid points. I found your article on the steemfollower app. I am certainly not afraid to return the favor when others on here vote my posts, feel free to check them out if you like. Thanks again @alphacore!
Hahaha I like the way your story goes :) And No more Fiat games!
that is too funny, isn't that how it goes though!!??!
Yeah, I decided I don't like this game ;-)
Extremely clever post. Fiat currency games explained extremely clearly.
Fan of the writing skill.
Wow! That was a rather interesting post in the sense that it amuses to play such games with the fiat currency. I just like the way you write.
Simply loved it :)
Wow @alphacore I really loved the way you did this post. My mind exploded with the title, but then between laughter and horror I understood.
Thank you very much!
You know how to do wonders with few words and creative quality.
See you around!