Monopoly Money and Monopoly Token Whitepaper

(Using Funny Money for ICO’s could be Wire Fraud)

Written by Enpo Tu. Contact the author.
In the United States, mail and wire fraud is any fraudulent scheme to intentionally deprive another of property or honest services via mail or wire communication. It has been a federal crime in the United States since 1872.2

Abstract

          All too often I am asked about my position on Initial Coin Offerings (ICOs) and Bitcoin. As a millennial financial advisor, my research, thoughts, and beliefs on this topic and proximity to users by age allow me to provide unique insight into this financial tool. I have created this white paper to compare ICOs and Bitcoin to an incomplete game of Monopoly and to expose some inherent flaws in the Bitcoin/ICO. Rather than thinking of BitCoin and ICOs as a new invention, I contend that these are merely tools that allow players to exchange Bitcoins (or in this case Monopoly Money) for global fiat currency.

          The exchange for existing currency trend seems to go against the concept of using Bitcoins directly as currency and creates a space that is ripe for financial abuse. An excellent example of how Bitcoins perform poorly as currency may be seen in that Central Banks around the world often fight against deflation (increased value of the money) as something that could prohibit proper use of the country’s currency for trade. Bitcoin users often point to deflation with delight and note that the rising price of the cryptocurrency invites more buy-in from outside sources as it “legitimizes” the Bitcoin as a viable currency.

          By going through and explaining the Bitcoin technology through comparisons with a Monopoly game, I hope to demonstrate the practical use of Bitcoin as envisioned initially and some of the limitations of the system when it runs into contact with existing market forces. The next evolution of making money off of mining Bitcoin as a pseudo-commodity may instead come from creating a form of investments powered by Bitcoin through ICOs.

          In my following analogy, I explore the transition from using Bitcoins (Monopoly Money) as a system for decentralized exchange, into a system that supports investing through ICOs. This double speculative asset class where you speculate on both the price of the currency as well as the price of the underlying investment asset invites clients and speculators to turn to biased or unconventional asset evaluators. Some examples that come to my mind include celebrities3, people with a vested interest in Bitcoins4, and friends and family who spread their opinions on Bitcoin.

          These ICOs are unverifiable promises of growth on top of a decentralized monetary system. By trusting the ICO to carry through on their promises as explained in their whitepaper (a comparison to the promised growth values written on the Monopoly Land Deed Tokens ) offers no protections to the consumer that these promises are enforceable or realistic.

          I invite the reader to swap out the words Bitcoin and ICO for Monopoly Money and Land Deed Tokens to give one a more precise picture that you are playing in a game set up to generate player buy-in. Vested interests already exist, and players who are new to an incomplete and growing game of Monopoly may not fully understand the risks of this growing asset class. By visualizing the Monopoly Board and the Monopoly Money, the reader may soon realize that this is a dangerous game that could impact their ability to build meaningful wealth.


Table of Contents

  1.             Technology
  2.            Token Sale Information
  3.           Investment Integration

Technology

          Land Deeds are Monopoly based tokens which reside on the Monopoly network. Monopoly embeds data by tracking physical pieces of paper to players. A Monopoly Bank which owns the greatest means of generating Monopoly Money runs the Monopoly Game using the Monopoly Money software which recognizes and interprets the data in these transactions. So in this case, our Monopoly accounting is controlled by the systems that verify the transactions based on who can accumulate the most Monopoly Money generating technology. Who-so-ever can create the infrastructure to generate the most Monopoly Money can control and play as the Bank. Should You want to be the banker, you must control the means to gather the most Monopoly Money either as a group of players or as an individual who has acquired the means of generating more Monopoly Money. The system of Monopoly Money generation and verification incentivizes you to invest heavily in the infrastructure of Monopoly Money generation to out-pace any potential bad actors and to also generate Monopoly Money income until your ability to acquire Monopoly Money generating equipment become prohibitively expensive, and you then switch to purchasing Monopoly Money from a Monopoly Money purveyor. Supposedly, you can purchase this Monopoly Money from the Monopoly Bank directly with paper currency from your country of origin.

          Doesn’t this seem very convenient for people who started playing the Monopoly Game early and isn’t this system ripe for potential abuse? Well, that is a great point. Because of the decentralized nature of Monopoly Money, anyone who holds on to verifiable Monopoly Money can potentially act as a verifying agent such as the central bank if they hold enough Monopoly Money generating power. The ability for different people who are heavily invested in Monopoly Money generation to control this system allows for the fairness and impartiality to keep this system self-contained as they want to keep this game going for as long as possible, or until they no longer profit in real-world currency from playing Monopoly. Also, the physical world has pesky laws that protect consumers as well as middlemen which verify transactions. In Monopoly Money Land, rules do not matter and if you are ever cheated just remember that this is Monopoly Money and unenforceable by any international governing body. Because no court of law exists and the system is decentralized, the legitimacy of this system relies on something similar to BitCoin where Satoshi Nakamoto claims that:

           “The incentive may help encourage nodes to stay honest. If a greedy attacker is able to assemble more CPU power than all the honest nodes, he would have to choose between using it to defraud people by stealing back his payments, or using it to generate new coins. He ought to find it more profitable to play by the rules, such rules that favour him with more new coins than everyone else combined, than to undermine the system and the validity of his own wealth.”5

          The belief that profit generation as the only financial incentive for people is a wonderfully novel concept that assumes that only individuals with wealth accumulation incentives and not State or criminal players will not use future technology to circumvent this system. So trust that there are no other incentives for people other than to continue to play Monopoly to invest in Monopoly Money because the Monopoly game is fair, unbiased, and uncontrollable by any greater power other than the ability to create the infrastructure to generate Monopoly Money.

          The wonderful news is that recently you can exchange this Monopoly money for investment purposes. One such investment purpose is using investment modules known as “Land Deed Tokens.” These tokens are used to represent the value of your investments using Monopoly Money. The good news about these investments is that they can accumulate Monopoly Money value as well as accumulate real-world currency value through the growth of Monopoly Money or your investment in your Land Deed Token doing extremely well as an investment.

          Who are the purveyors of “Land Deed Tokens” you might ask? They are intelligent entrepreneurs who see the value of challenging the traditional banking and investing systems to deliver faster real-world results to their investors. Rather than underwriters wasting time and the company resources examining the value of the underlying asset and measuring the speculative nature of the investment, these brilliant business owners have turned to offering their investments directly through the Monopoly Money exchange in the form of Land Deed Tokens. These Land Deed Tokens are then exchanged for minimal real-world benefit but could potentially increase in value in the Monopoly Network by increasing Monopoly Money values or from speculative investors from the real world who wish to purchase into these Land Deed Tokens to purchase the underlying assets.
          Land Deeds (also known as “properties”) are stored inside the Monopoly Game using in-game transcription technology. As long as all the players respect and legitimize this currency, you can exchange it for in-game items or Monopoly Money. Of course, to purchase this in-game currency, you must either have the resources to print and legitimize your Monopoly Money or use old-school United States Dollars or any other globally acceptable and traded currency. Land Deeds are kept and sent to your player slot areas where you store your Monopoly Money.

          By using Monopoly Bank tracking for Land Deed tokens, they can be freely traded on the Monopoly Money Decentralized Exchange against Monopoly Money, Get out of Jail Free Cards, and other Monopoly Game Items. Monopoly Money can be kept in any Monopoly Money compatible wallet such as Monopoly Debit Card, Your Table Side, and Pant Pockets in your Jeans. When using Monopoly Debit Cards, all transactions are signed on through a two-factor identification process, your Game Piece as well as a Debit Card that is tied directly to that piece on the board. Your device and private keys are never stored with Monopoly Debit Cards. All anyone needs is a physical card and a Game Piece for secure access.           Land Deeds are verifiably finite tokens; they are locked on the Monopoly Board to prevent more units from being issued. This action is irreversible so that we can create no more Land Deeds at a later date. Land Deeds can be sent, received, and sold but cannot be created. Locking the token on the Monopoly Game Board serves to protect those that own Land Deeds from having more created in the future and devaluing the initial investment in the asset.

The main core use cases for Land Deeds as a Monopoly game token are: 1. Integration of the multiplayer game into the global economy as a way for individuals to take these Land Deed tokens and to tie them to real-world investable assets that are unverifiable by any middlemen while offering the investments directly to speculative investors. 2. Token Controlled Access for granting access to the ability to form “Monopolies” which allow the player to charge more “rent” from different players who play Monopoly. (If I own all the orange pieces, I control more of the underlying physical asset in the real world subject to what is being offered and what rights the Land Deed Token offers the player)

Token Sale Information

Start Date: 10/01/2017 All pieces will be auctioned off to the highest player in an online free-for-all manner. Bidders may bid in increments of no less than 1 Monopoly Dollars as bid out by the bank.

Name Position Price Rent Group
Mediterranean Ave. 2 60 2 Purple
Baltic Ave. 4 60 4 Purple
Oriental Ave. 7 100 6 Light-Blue
Vermont Ave. 9 100 6 Light-Blue
Connecticut Ave. 10 120 8 Light-Blue
St. Charles Place 12 140 10 Violet
States Ave. 14 140 10 Violet
Virginia Ave. 15 160 12 Violet
St. James Place 17 180 14 Orange
Tennessee Ave. 19 180 14 Orange
New York Ave. 20 200 16 Orange
Kentucky Ave. 22 220 18 Red
Indiana Ave. 24 220 18 Red
Illinois Ave. 25 240 20 Red
Atlantic Ave. 27 260 22 Yellow
Ventnor Ave. 28 260 22 Yellow
Marvin Gardens 30 280 24 Yellow
Pacific Ave. 32 300 26 Dark-Green
North Carolina Ave. 33 300 26 Dark-Green
Pennsylvania Ave. 35 320 28 Dark-Green
Park Place 38 350 35 Dark-Blue
Boardwalk 40 400 50 Dark-Blue
Electric Company 13 150 * Utilities
Water Works 29 150 * Utilities
Reading Railroad 6 200 ** Railroad
Pennsylvania Railroad 16 200 ** Railroad
B. & O. Railroad 26 200 ** Railroad
Short Line Railroad 36 200 ** Railroad

* Charge 4 times roll of dice is one is owned, 10 times roll of dice if both are owned. ** Charge 25 if one owned, 50 if two owned, 100 if three owned, 200 if all owned by the same owner.

The Benefits to owning a monopoly and or rail road are listed below:
Property Value Rent
US UK/International Cost M’tg Site 1 hse 2 hses 3 hses 4 hses Hotel
Mediterranean Avenue Old Kent Road 60 30 2 10 30 90 160 250
Baltic Avenue Whitechapel Road 60 30 4 20 60 180 320 450
Reading RR Kings Cross Station 200 100 25 if 1 owned, 50 if 2 owned, 100 if 3 owned, 200 if all 4 owned
Oriental Avenue The Angel Islington 100 50 6 30 90 270 400 550
Vermont Avenue Euston Road 100 50 6 30 90 270 400 550
Connecticut Avenue Pentonville Road 120 60 8 40 100 300 450 600
St. Charles Place Pall Mall 140 70 10 50 150 450 625 750
Electric Company 150 75 4xdice if 1 owned, 10xdice if both owned
States Avenue Whitehall 140 70 10 50 150 450 625 750
Virginia Avenue Northumberland Avenue 160 80 12 60 180 500 700 900
Pennsylvania RR Marylebone Station 200 100 25 if 1 owned, 50 if 2 owned, 100 if 3 owned, 200 if all 4 owned
St. James Place Bow Street 180 90 14 70 200 550 750 950
Tennessee Avenue Marlborough Street 180 90 14 70 200 550 750 950
New York Avenue Vine Street 200 100 16 80 220 600 800 1000
Kentucky Avenue The Strand 220 110 18 90 250 700 875 1050
Indiana Avenue Fleet Street 220 110 18 90 250 700 875 1050
Illinois Avenue Trafalgar Square 240 120 20 100 300 750 925 1100
B&O RR Fenchurch St Station 200 100 25 if 1 owned, 50 if 2 owned, 100 if 3 owned, 200 if all 4 owned
Atlantic Avenue Leicester Square 260 130 22 110 330 800 975 1150
Ventnor Avenue Coventry Street 260 130 22 110 330 800 975 1150
Water Works 150 75 4xdice if 1 owned, 10xdice if both owned
Marvin Gardens Piccadilly 280 140 24* 120 360 850 1025 1200
Pacific Avenue Regent Street 300 150 26 130 390 900 1100 1275
North Carolina Avenue Oxford Street 300 150 26 130 390 900 1100 1275
Pennsylvania Avenue Bond Street 320 160 28 150 450 1000 1200 1400
Short Line Liverpool Street Station 200 100 25 if 1 owned, 50 if 2 owned, 100 if 3 owned, 200 if all 4 owned
Park Place Park Lane 350 175 35 175 500 1100 1300 1500
Boardwalk Mayfair 400 200 50 200 600 1400 1700 2000

Game Integration

          As of May 2017, there are over 8 registered players for Monopoly. Using Land Deeds allows speculative investing in underlying investments in the real world to be traded outside the game by players, collectors, and speculative investors. These speculative investors use Real World Currency to exchange for either your Land Deed Tokens, Monopoly Money, or Monopoly Game Items. By convincing these speculative investors such as superstars and sports athletes about the potential growth in Initial Monopoly Currency Tokens, you can inflate the price of in-game items in the real world through either the growth of Monopoly Money or the associated demand from the Monopoly Land Deed Token.

          This media coverage will cause additional hype for Monopoly Money which will come to boost up the prices for our specific Monopoly Property Tokens. Hopefully, the value of the Monopoly Money will change in real-world value so that at one time you might exchange 100 United States Dollars for a Monopoly Dollar, but eventually, you might trade 4,000 U.S.D. for a Monopoly Dollar. The growth on the underlying Monopoly Money will inflate the price of your Properties so that an initial investment of $400 for a Boardwalk Land Deed might yield you a return of $1,599,6000. The growth in underlying currency of the investment is aside from the understanding that the underlying Land Deed Token investment could grow.

          It is important to re-post and retweet all celebrity posts that promote this token for that reason. Remember that your property values in this game depend on your ability to give reasons for the effectiveness of using a de-centralized exchange so that nobody of people can effectively govern or regulate any transactions. In exchange for your broadcasts, gamers can own rare game monopolies and either collect or use our properties which exist in the game world or try to sell out of these hot commodities as fast as possible to these intelligent and well-connected celebrities and individuals who enjoy Monopoly Currency Tokens. As is, the game is already 60% complete, and by looking at our illustration (down below), you can see what’s already been completed.


          We are working on more content (more pieces, chance cards, community chest) to round out the first chapter of the game. Earlier last year, we posted some information about the game and received some attention from social media on Parker Brothers’ social media websitei. The excitement about the game drew people. People reached out and let us know they wanted to have an “old school” capitalist campaign to play. Monopoly is a dark modern-era role-playing capital accumulation game in a dystopian universe known as New York. It features turn-based dice rolls against the board and to interact with other players tokens. It also plays like a dice-based D&D style game that you play with other people. At its heart, Monopoly is an adventure and a mystery that rewards players with hidden treasures. The Monopoly universe is an open game, a place where you can be as good or as evil as you want to be. You can seek lost treasures and solve puzzles, build a monopoly to help other players or betray them and take over their empire, acquire their properties or claim another property from the Monopoly Bank for your gain. Remember that… As long as you have the Real World Currency, we have the Monopoly Money and the Land Tokens.

References

1 (Original Structure of paper from: https://spacepirate.io/ico/rustbits-whitepaper.pdf )
2 “Mail Fraud Schemes”. www.postalinspectors.uspis.gov. US Postal Information Service. Retrieved 27 October 2016.

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