Crypto Currency

 The Monkey Business analogy. 

A lot of monkeys lived near a village. One day a merchant came to the village to buy the monkeys. He announced that he would buy the monkeys for 10.00 each. The villagers thought he was mad. Still, some people caught a few monkeys and gave them to the merchant and he gave them 10.00 for each monkey. This news spread like wildfire and more people caught more monkeys to sell to the merchant.

After a few days, the merchant announced that he would buy monkeys for 20.00 each. Even the lazy villagers now ran around to catch the remaining monkeys and sold them for 20.00 each. Then the merchant announced that he will buy monkeys for 50.00 each.

Then the merchant said he was going home for a week and when he returned he would buy monkeys for 50.00 each. He asked his employee to take care of the monkeys he bought. The merchant went home and the villagers were very sad as there were no more monkeys left for them to sell at 50.00 each.

Then the employee told them he will secretly sell them monkeys for 35.00 each. This news spread like wildfire. Since the merchant will buy monkeys for 50.00 each, there is a 1500 profit for each monkey. The next day the villagers made a queue near the monkey cage. The employee sold all the monkeys for 35.00 each. The rich bought monkeys in big lots. The poor borrowed money from money lenders and also bought monkeys.

The villagers took care of the monkeys and waited for the merchant to return. But nobody came. They ran to the employee. But he had already left too. The villagers then realized that they had bought the useless stray monkeys for 35.00 each and were unable to sell them.

I don’t know, but just like the villagers trading monkeys, scam crypto currency will bankrupt a lot of people and make a few people filthy rich.