# Is THIS how Bit-Coin works?

A lot of monkeys lived near a village.

One day a merchant came to the village to buy these monkeys!

He announced that he would buy the monkeys @ \$100 each.

The villagers thought that this man was mad.

They wondered how somebody could buy stray monkeys at \$100 each?

Still, some people caught some monkeys and gave them to this merchant, and he paid \$100 for each monkey.

This news spread like wildfire and people caught monkeys and sold them to the merchant.

After a few days, the merchant announced that he would buy monkeys @ \$200 each.

The lazy villagers also ran around to catch the remaining monkeys!

They sold the remaining monkeys @ \$200 each.

Then the merchant announced that he would buy monkeys @ \$500 each!

The villagers start to lose sleep! … They caught six or seven monkeys, which was all that were left and got \$500 each.

The villagers were waiting anxiously for the next announcement.

Then the merchant announced that he would be going home for a week. and when he returns, he will buy monkeys @ \$1000 each!

He asked his employee to take care of the monkeys he had bought.

The employee was alone taking care of all the monkeys in a cage.

The merchant went home.

The villagers were very sad as there were no more monkeys left for them to sell at \$1000 each.

Then the employee told them that he would secretly sell some monkeys @ \$700 each

This news spread like fire. Since the merchant would buy monkeys @ \$1000 each, there would be a \$300 profit for each monkey.

The next day, villagers lined up near the monkey cage.

The employee sold all the monkeys at \$700 each.

The rich bought monkeys in big lots.

The poor borrowed money from money lenders and also bought monkeys!

The villagers took care of their monkeys & waited for the merchant to return.

But nobody came!Then they ran to the employee.