How to win at Monopoly (and Crypto):

in #bitcoin8 years ago (edited)

Monopoly is fun! It is also a great lesson on human nature. When I did a post on my crypto "chessboard" it was pretty straightforward. I thought doing a similar post using Monopoly would be too, but I was wrong!

Note: As far as "Cryptopoly" tokens go, I would have a Trezor, a Satori (Physical "Bitcoin"), and I'd keep the car, the shoe (why'd they get rid of the shoe?) and the top hat!

Common tendencies:

Most people go for one of two strategies. The first is "get rich quick" (Boardwalk and Park Place.) The other way is what I call the "slum lord" strategy (Mediterranean Avenue and Baltic Avenue). I see these strategies as being similar to two extreme crypto-strategies: the daytrader, get rich quick on bitcoin/etherium and the guy who swears "pimp-coin" (not an actual coin) will go from .00005 USD to $1 any day now (so they buy tons of it).

In the world of Monopoly, these methods are not nearly the most effective. Boardwalk and Park Place are prestige! They are also, statistically speaking, two of forty possible squares to land on! The "opportunity cost" of buying Boardwalk and Park Place is high. In the course of play, you have to forego other possible monopolies because you spent over half your wad on the blues, and haven't even built Trump Tower on them yet!

And yes Meditterreanean/Baltic is a viable strategy for a Monopoly, but it is perhaps the weakest one. Why? You have to seriously build up those slums before you get your ROI, and that can take up lots of time and resources. And remember, two squares is still only two squares.

Other mistakes include buying lots of single properties, and buying utilities. The only reason to buy singles is to block a Monopoly, and utilities just don't pay!

So how do we win? We look at "da charts" and pick the winners based on quick ROI vs. cost.

Hint: It's all about price/ROI


Note: The chart above shows the "cost" of each respective monopoly, along with the cost of development. The bold outlined boxes are a kind of "sweet spot" for price per development. The chart below is the # of rolls your opponent makes before you are "In the black" again. The two red circled squares represent optimal positions of development, and clearly ORANGE + 3 houses = GOLD!

What can be easily missed is the value of Railroads. Railroads have 4 squares--10% of the board! And the ROI is a hair over 13 rolls. What that means is that while you are property hunting, having all four railroads can be your source of liquid capital.


http://amnesta.net/monopoly/

How does this translate to Cryptocurrency?

I'm glad you asked! Well, here's the facts: There are two stages to a Monopoly game, the stage before a monopoly, and the stage after. As soon as one person gets a monopoly, the game changes dramatically. As of now, Bitcoin has the first monopoly. They have "houses" built on it (known as DEVELOPMENT, Coinbase, BTC ATMs, core developers, loads of nodes, etc.) We could also clearly state that Etherium has rapidly "developed" and was designed to be developed, and used, I am told, by corporations, etc. Do you want to be on that "winning side"?

Yes, of course, these are the Pacific Avenues and Park Places. It's nice to have a piece of that action. But what about the Crypto-equivalent of the Orange and Light blue properties? Well, this is where the "intermediate coins" come in. I speak of Monero, Zcash, and Dash primarily. And of these three intermediate "property sets" I see the most promise in DASH.

Those who've read my past posts shouldn't be surprised, but I do have reasons why I think DASH blue is the new Orange:

  • A dedicated core development team that gets paid to focus on DASH. Bitcoin has lots of developers, yes. But those developers aren't reliably paid by a treasury.
  • A vision/goal of MASS ADOPTION. BTC's squabbles over Segwit vs. Hard fork have mired them in inefficiency. The mantra of most BTC owners (me included) is "Buy and hold; it's digital gold". Mass adoption takes a backseat.
    The thinking of most DASH holders is "DASH is CASH" and that one day, their mother, grandmother, brother, sister, plumber, etc. will use it just like cash. In the LONG RUN that spells big profits, but it also spells out a nobler goal of ordinary, responsible people learning how to "be their own bank" and for the world it means--wouldn't this be nice--the END of fiat money ABUSE by a corrupt globalist system that favors a small circle of elites while everyone else suffers.
  • DASH has an efficient, nimble business structure, and a treasury that pays nodes, developers, a marketing department, and anyone who has a "good idea" that they are willing to implement.

I can't say any wrong about Monero or Zcash, only that their main focus is privacy, not mass adoption. So I suppose I would count my holdings Steem as a Railroad holding in the sense it can provide revenue as I work for it, and will provide capital. BTC & ETH is like owning a monopoly in the sense that it has grown steadily over time.Dare I hold out and wish for my own personal "Monopoly" in real life? DASH seems the best long-run strategy if it reaches mass adoption. It's held a steady price, and is in that "sweet spot" of affordable, yet having great potential to pass Boardwalk/Park Place in overall revenue per "# of rolls"

Anyhow, I'd like to hear the opinions of others on this analogy in the comments, OR just tell me your Monopoly war stories, OR post a picture of your food, or a cat, or a sunset--that always seems to be appropriate for reasons I don't understand. If you got something out of this, even just a laugh, or a chance to beat someone at Monopoly, PLEASE throw me some SHUGGA! UPVOTE, COMMENT, RESTEEM, etc. Help a brotha out! :)

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Thats some thinking on Crypto's. Great and underrated article. I remember this old game too. Yea it's quite a thing, where to invest thes edays, so many different Cryptocoins where to invest :) Btw. I also heard about a small coin called "Hush"in Steemit they said its a good one and cheap atm.

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