How a Video Game Predicted the Collapse of Venezuela's Economy

[@robertk1701]

Medal of Honor Airborne, released in 2007, accurately predicted many of the events in WW2.

[@ryanalexander31]

I loved that game

[@AidenClaws]

Wow I never would have thought that

[@shahnidismail8941]

You got me confused for a few seconds.

[@ohno486]

Wait what

[@AyushmaanMishra]

That's no biggie, it was released after ww2 Edit: To whomsoever who r/wooshed me, get r/wooshed yourself cuz my comment was a joke too

[@flyerton99]

Honestly, this video would've been much better received had the title been: "How the collapse of a video game's economy teaches us about hyperinflation."

[@Blazzes1001]

Now look at the hyperinflation due to pandemic fears

[@green0563]

Seriously, this title is too much clickbait.

[@leonardofranzinribeiro4220]

@@green0563 Agreed. I like his vídeos but imma have to dislike this one.

[@quarksarranged]

It would have been more accurate but not better. KZbinrs need to balance intrigue and accuracy. The title is still correct and the video is what the title says it is. It just so happens to be a more interesting version of what you wrote.

[@gokulpayyanur1839]

It is how he does titles, it is his still

[@radianzero]

Me trying to find where the game predicted Venezuela's collapse: *Discovering something that doesn't exist.*

[@dbk7713]

Well you just got the virus cuz i died in minecraft from a witch

[@somerotter1416]

@@tyujg7495. Deus X?

[@adalgisounoqualunque9033]

Communism has never been tried, right ?

[@dbk7713]

@@adalgisounoqualunque9033 Yes it have been and you know the result too *Catastrophe*

[@adalgisounoqualunque9033]

ADK u prolly didn’t catch my irony

[@BackwardSabotage]

"There's no proof that printing money causes inflation" -Actual politician from my country. Fuck my life.

[@Beregorn88]

American?

[@reeti5958]

I am concerned about people who actually vote for this type of politicians. 😂😂

[@auritro3903]

@@reeti5958 me too 😂😂

[@tritojean7549]

well if you look at the amount printed and at the evolution of inflation you'll see it's not that correlated

[@kidwiththehat2016]

@@Beregorn88 we’re getting there

[@D3C3n50r]

Rename title to: "How a Video Game shared the same fate as Venezuela's Economic problem"

[@asheep7797]

Or, emulated.

[@SplashCity46]

Kind of misleading title. The only link is hyperinflation, that’s not really a prediction

[@PHCuber]

SplashCity46 yeah

[@JavierSalcedoC]

Are you telling me it was actually _possible_ to predict the results of Chavez's genius socialism?

[@neelparmar6690]

Wait, a KZbin video had a click bait title? Nooooooo

[@AmericanIdiot7659]

It's a joke that all flew over our heads lmao

[@DistractedFace]

@@JavierSalcedoC Yes, it was very easy to see where it was going, any economist would know what would happen if you tried to control all the resources in a market.

[@officerbeenadd]

Game: *Has hyperinflation* Country: *Has hyperinflation* People: ThE GAme PRediCted ThE CrISis

[@hellelujahh]

ALL HAIL THE WISE GAME

[@CarrotConsumer]

Weimar Germany predicted Diablo 3.

[@vornamemuller4398]

@@CarrotConsumer does this mean Diablo IV is set in Nazi Germany?

[@oliverokeeffe6379]

It’s still a half interesting story the title is just not right.

[@themasstermwahahahah]

People seem to not realize that dictators know how hyperinflation works, they just choose to print more money anyways, most often because of government debt.

[@yurab1834]

The title of the video is somewhat confusing - it implies a direct connection between a game's economy and Venezuela's economy, while in the actual video, the inflation in Venezuela is just a sidenote. Just because inflation happens in different economies doesn't mean they "predict" each other imo

[@flyagaric123]

'anticipate' is probably a more fitting word

[@barackobama6231]

Predicting something doesn't necessarily mean to cause it

[@aenorist2431]

Yea but you have to try to make your irrelevant BS sound relevant somehow ...

[@mogol109]

@@barackobama6231 If I dropped an egg in the morning, does that mean I predicted my mom dropping her phone in the evening?

[@barackobama6231]

@@mogol109 No, but that event is irrelevant. This is more like how people say the Simpsons predicted 9/11 before it had happened. They didn't cause it of course

[@alvarodm]

This doesn't have to do anything at all with Venezuela, the only common aspect is hyperinflation, but the game didn't predict the future, nor did it mention Venezuela at all. This is just a clickbaity title, didn't expect this from you, Half As Interesting.

[@edenli6421]

It did mention venezuela for like one sentence

[@logiknotlogic6586]

Hes running out of Ideas I think

[@TeleTrenta]

@@logiknotlogic6586 you know this was a year ago right?

[@jordashi]

Calm down?

[@AeroTheVaporeon]

@@jordashi shut up?

[@BramowitchIII]

“How the internal economy of a video game experienced the same macroeconomic phenomenon as a country with no causal link or interrelation whatsoever”

[@AverytheCubanAmerican]

German inflation: 200 trillion marks for bread Venezuela: Those are rookie numbers!

[@spruceg00se]

Gotta Pump those numbers up!!!

[@PHCuber]

Zimbabwe: *am I a joke to you?*

[@angrypepe7615]

Post ww2 Hungary: that's cute

[@therealpradowaits]

what about hungary

[@republicofglarnesia186]

Hungary be like: heh, you foolish mortals

[@Philocyb1n]

"how a videogame predicted clickbait about venezuela"

[@manjensen1710]

*The bait is strong with this one*

[@formerlygrimagikoopa]

Phillip Helgren HOW DOES THIS HAVE 1.3K LIKES YET THIS ONLY HAS ONE REPLY

[@windows760]

@@formerlygrimagikoopa three now

[@Philocyb1n]

@@formerlygrimagikoopa its a VIP reply section

[@fabmario]

Lol

[@PHCuber]

The video game just made a not-so-similar situation, but the game did not predict Venezuela’s hyperinflation at all.

[@DJPez913]

Yeah I came into this video thinking some story line of a video game involved Venezuela and inflation there and the video game predicted how it went down but nope. Nothing to do with each other at all and its just a story of a video game having its own inflation problems. I drove a car and crashed in a video game once. It predicted my neighbors car crash!

[@PHCuber]

DJPez913 lmao nice comparison

[@youtubeSuckssNow]

And almost every mmo ends up with this issue. Osrs even has actual Venezuelans doing it! Really though I'm serious

[@douglaspantz]

this is actually quite a big problem in mmos in general.

[@brodriguez11000]

@@DJPez913 : Models vs real life.

[@anthonymcrooster3703]

I think that we, the viewers, were expecting to see a video game, from the past, that features Venezuela which has the same economical difficulties that Venezuela experiences today :/

[@bazzakrak]

This title is as much correct as a title saying that World of Warcraft predicted the Corona virus ( the corrupted blood incident )

[@novafawks]

That's clickbait for ya! Gotta love it

[@joeym5243]

Economy: hey man, I'm not doing too good here Venezuela: here's some money, see if that works Economy: no, that just makes things worse Venezuela: Ah, it's cause I didn't give you enough Economy: stop doing that and try something else Venezuela: maybe if the bills were bigger...

[@AxxLAfriku]

Why is Donald Trump pretty and I am not? But why does he only have a wife but I have TWO HOT GIRLFRIENDS who I show off in my masterpiece YT videos? Do you know the answer, dear joey

[@1schwererziehbar1]

US Economy: Uh oh, there's a coronavirus shutdown. I'm not doing too good here. FED: here's some money, see if that works. ...

[@franxx941]

@John R lmao naaaa we just change everything to dollar.

[@theshamanite]

@John R They were discussing printing Bolivars that cropped off 3 zeroes.

[@luisescalante6530]

@@theshamanite really here its like 11 zeros off

[@billkammermeier]

You never actually correlated Diablo III to Venezuela in any way...

[@OnlyFabz]

because they obviously aren't correlated in any way??? He was just making an example on how the economy of the videogame suffered the same crisis that years later an entire country would suffer too

[@JockeyStrappers]

@@OnlyFabz in other words. We were clickbaited hard by deceptive titles.

[@MiloTheFirst1]

@@OnlyFabz the point is that he made a click baity title and this video was low on actual education quality, well below his usual standard

[@ForcedRhubarb]

@@OnlyFabz So why put Venezuela in the title if he doesn't need to correlate the two? Just talk about a video having hyperinflation...

[@pikapika7566]

CaptainConcerned Sr. kinda i guess

[@mogol109]

How exactly did Diablo III predict Venezuelas hyperinflation? It simply happened along with Venezuelas hyperinflation, that's no prediction.

[@gamalalejandroabdulsalam904]

You got clickbaited

[@mogol109]

@@gamalalejandroabdulsalam904 didnt believe hai was doinnthat at first, then i did realize it.

[@cheesegreater5739]

maybe if you had payed attention to the game you could have predicted Venezuela, still a little clickbait

[@zeljkoobradovic3445]

This video: How Diablo 3 predicted hyperinflation in Venezuela The next video: How Plague inc. predicted Coronavirus

[@boarbot7829]

People: talking about Venezuela and Germany Zimbabwe: am I a joke to you

[@korg47237]

Ironically, Venezuelans are right now farming and selling gold in RuneScape for a liveable wage.

[@howardbaxter2514]

Wait, really?

[@xrexx3]

They are all over zulrah and rev caves they are making osrs economy inflate like crazy

[@deyesed]

Yes. It's pretty interesting. There's an article about it in the Economist.

[@Uyt-m7an]

yeah man uhm, old bolivares were literally used to wipe ass, more specifically 2 bolivares, you could have lots of them, but its value was 0.0000000000001 cents

[@subjekt5577]

That's where I thought this was going. I was really surprised it wasn't mentioned.

[@AzsimuthOldAccount]

I litteraly didn't get an answer how a game predicted the ecenomic downturn in Venezuela.

[@laurencefraser]

It had the same problem, only earlier. Predicted isn't quite the right word though.

[@joeym5243]

"If money grew on trees, it would be as valuable as leaves" -Uncle Pennybags™

[@biscoito1r]

Remember no monocle.

[@finley1578]

What about deforestation

[@waluigiisthebest2802]

1:49 Ah yes, my favorite Kirby game: Diablo III. It has the 5th most terrifying final boss in the series!

[@CliffCardi]

So the fact that oil prices plummeted in 2014 had nothing to do with Venezuela’s economy, the most oil-rich country in the world?

[@johnchessant3012]

This wasn't really a prediction, since the video game made no claim to predict a real-world instance of inflation, much less where and when it would happen.

[@PHCuber]

John Chessant yeah

[@aryanbhaskar20037]

But how tf does it 'predict' hyperinflation in Venezuela? I mean that's just BS, and that title's clickbait. You don't really have to do this, Sam. You are much better than this.

[@dugroz]

Zing!

[@AvNotasian]

In venezula they printed massive amounts of money to pay govt workers who had excessive salaries and to reduce the perceived cost of goods. The same pattern was followed in both diablo and venezula he just didn't explain it very well. Its clear at the end why he didn't explain it well, hes pay walling most of the content.

[@adalgisounoqualunque9033]

Communism has never been tried huh ?

[@re57k]

When I first click the video, I thought a game made in the early 2000s predicted Venezuela's hyperinflation by its virtual depiction. But this is not what I got. In a bad way.

[@AvNotasian]

@Alex Mercer Hes just pay walling the actual meat of the argument. It's possible hes copied someone elses content since I remember watching a video about exactly this some years back that was better than this.

[@XiaosChannel]

In case anyone's wondering, the nebula video is like, 30 seconds longer than this one.

[@tiwaking8001]

Half as Interesting: "Diablo 3 had Hyperinflation" Gaia Online: *AM I A JOKE TO YOU???*

[@sonicwaveinfinitymiddwelle8555]

Incremental games: You can start with 10 $ Here is upgrade for 10$ Buy it Now you produce 1e10 $ per second Here is another upgrade for 2e11 $

[@mrbloodhound009]

3:28 - did they raise it from 0.25:1 000 000 or 0.25: 100 000 000 I'm getting conflicting info

[@RandomThingsForFun16]

Enexen same, I was confused

[@MuzikBike]

1000% implies that the visuals were right EDIT: i'm retarded

[@arrgghh1555]

@@MuzikBike 1000% implies it should have been 1,000,000.

[@bg73]

Yeah, he said 1 million, but wrote 100 million...

[@EebstertheGreat]

I'm pretty sure 1 million is correct. Increasing the floor 1000-fold doesn't seem reasonable and doesn't match his 1000% figure. (That figure is also wrong--it should be 900%, not "over 1000%"--but at least it's closer.)

[@mikaxms]

Pretty deceiving title. Diablo 3 didn't actually predict the collapse of Venezuela's economy, but something similar happened to its online economy.

[@FingeringThings]

Venezuela is like a game of monopoly where you run into someones property with several hotels on it

[@VinceSlzr]

I SEE YOU EVERYWHERE

[@fatyoshi4853]

Fingering Things ✔️ but everyone gets $200.000.000 on start

[@Nugcon]

bruh

[@polishedpebble4111]

Or the battleship is a literal US battleship.

[@bruneleno961]

The situation in Venezuela is far more complex than hyperinflation. Saying they crashed because they tried to print money is like shooting a deseased person and saying they died because they didn't get proper treatment for the bullet wound.

[@rttrttyan]

“Won’t preform well on KZbin so I put it on a site you have to pay for so I get more money from you.” FTFY

[@Diapolo10]

I'm glad RuneScape taught me everything there is to know about real-world economics.

[@JiminyClarkson]

I'm glad Runescape wasn't mentioned in this video.

[@Ardkun00]

Funnily enough, Venezuelans used to farm and sell gold for real money in runescape, even though it was not allowed, because it was more profitable than working.

[@JD-jc5hg]

@@Ardkun00 Isn't the gold coin in WOW worth more than the Venezuelan dollar at one point as well

[@Ardkun00]

@@JD-jc5hg It has been since 2016

[@Sasha0317]

@@Ardkun00 not used to - they still do; it's rampant and still has a massive impact on runescape's economy

[@kakarroto007]

"How a Video Game Predicted the Collapse of Venezuela's Economy" is sensationalizing what happened. Diablo III stands as more of an isolated cautionary tale.

[@PHCuber]

kakarroto007 yeah

[@stuckonaslide]

but they need cash and they dont care if it's good. just say stuff that sounds smart and put stock images and gifs behind it.

[@PHCuber]

Honestly I’m unsubbing. Just watch his better channel wendover

[@nitehawk86]

@@PHCuber Yeah, and this video didn't mention airplanes even once.

[@PiggyPorkchop]

I can't to hear about planes. We both know he'll mention one somewhere.

[@jasperfk]

Can’t wait?

[@Xenuos]

:(

[@Vher_]

and bricks. don't forget about bricks.

[@TheAlmightyCharles]

@@Vher_ well they have talked about it.. but only on nebula

[@KSPAtlas]

If planes were made of latex, they would inflate the higher they got due to the fact that the inside pressure is pressurised and outside is not

[@robertalaverdov8147]

I thought you were going to talk about Mercenaries 2? That game predicted a collapsed Venezuela fought over between the US and China.

[@pellejohansen]

this video have absolutely no link between diablo inflation and Venezuela inflation

[@FBIagentObama]

3:28 *that’s some real nice “one million” right there lol*

[@sohopedeco]

We're setting a very low bar for predictions. I thought that, at least, Venezuela were mentioned in the game.

[@trystanmcclain2246]

3:36 What Sam says,"1 million units." What the number changes to: 100 million units SLIGHT difference I think.

[@jeffc5974]

He also says that was 1000% inflation, when it is actually 1000X inflation.

[@maxrez74]

i noticed that too

[@aeffwm]

He is human

[@lukep6983]

I guess it's something else for the next annual mistakes video

[@MartinVooder]

That whole video was a numbers dumpster fire. Trillion vs billion etc.

[@Kfri4486]

I was waiting for Venezuela from the start of the video.

[@wamsang7818]

Next: How Wendover Productions predicted all of 2020

[@IncineratingGlaive]

Low key thought this would be RuneScape somehow

[@theborkler]

I'm shocked that Matt groening didn't see this coming, yet Blizzard did.

[@beanbagburrito]

Lol Matt doesn't do the predictions they have a department for that

[@Secondary_Identifier]

"x PREDICTED y!" "Actually these two things happened in virtual isolation of one another with literally no direct ties, and there were already much more prominent examples demonstrating the principle of the factors at play much more directly." "Also..." "ME GOOD SMART MAN, NOT DISAPPOINT CLICK BAIT, ME MAKE GOOD SMART MAN CONTENT FOR NEBULA, YOU BUY NEBULA." This has been the most impactful, and negative, event for shaping my opinion of Nebula. :(

[@master_mind_xx3232]

"Mercenaries 2 World in Flames" Predicted the Collapse of Venezuela.

[@dannyjenkins4193]

I love how this is funny and informative at the same time

[@lilpeach101]

"How a Video Game Predicted the Collapse of Venezuela's Economy" Why is this the title? Is the question only answered in the Nebula version of the video?

[@luisgaaaa]

As a Venezuela who stills in venezuela i can tell i cant even understand how this country works I mean I don’t even know how this country stills existing

[@TheSkyGuy77]

Russia and Chinese cash to keep it just barely there. Oh and some Russian special forces to protect Maduro from you guys

[@LaVaneBea]

I left Venezuela, but .. Same.. I call my family, and I do not understand any of their every day stuff...

[@thecircuitofthecars8028]

A combined version of many Economics Explained videos. Sam has done in again.

[@fiddley]

I wish they'd mention the extended Nebula cut upfront so I don't have to watch the video twice!

[@cadenortmeier4574]

Hey at 3:40 ish you say that the developers increased the maximum gold from 100k to 1mil but the screen said 100mil. This doesn't cause any issues but I just wanted to be the slimy little gremlin that points out nitpicky errors

[@fatyoshi4853]

Nobody: Venezuela: *INFLATION RACE*

[@abandonedchannel72929]

IM SPEED

[@mrsigmagrinder8737]

GAS GAS GAS

[@something7853]

GO GO GO!!!

[@omoriperocondrip9130]

@@mrsigmagrinder8737 I'M GONNA STEP ON THE GAS

[@WildWondersWorldWWW]

Put the metal on the pedal

[@BoredLikeHelI]

When big youtubers do a video on something you actually know a lot about, you realize they don't really know anything.

[@stuckonaslide]

yeah, i dont even know a lot about economics and this was just a dumpster fire

[@MrTomyCJ]

Well why didn't you point out the mistakes here? If he's gotten something wrong, people wanna know!

[@TorreFernand]

Feels like you kinda dropped the ball at the end there. Definitely one of your weaker videos

[@sylenzos6869]

5:35 got a bit confused is he calling weimar germany a dictatorship?

[@yaxb1729]

I think he was using the last example

[@zoltanpeter4719]

You don't need anything to predict that non-free market will never work.

[@i05CrafterGames]

*Next video: How bricks predicted the COVID-19 pandemic*

[@thatgreenneko]

He has released a brick video on Nebula

[@RandomThingsForFun16]

Lol!

[@ladofthedamned7796]

Somebody copied your comment lol

[@joeym5243]

Venezuela: overproduces money Economy: aight imma head out

[@stuckonaslide]

yes that is how inflation works

[@colinadams5419]

Weimar Germany and the rise of Fascism predicted Diablo 3

[@alleghanyonce]

HAI is the only channel that can make blatant clickbait and still make me wanna like the video.

[@thatguy7683]

This video wasnt made by half as interesting, it was made by quarter as interesting

[@sebastiangudino9377]

I'm live on Venezuela and was absolutelly ready to start trowing crap at my country's econony and government. Sadly there is none of that in the video. Kinda disapointing, really On a sidenote: Saquenme de venezuela por favor Edit: Oh! BTW People do not really use piles of bills, we rarely use bills for anything other than public transport and stuff like that, when you buy food and that sort of thing we always pay with debit or transfer, there is also a looot of US Dolars moving arround, which are technically illegal, but it's literaly the ONLY way we have to save money

[@DanielGonzalezL]

pastebin.com/LYUciHZ4 Ey Sebastian, en marzo del año pasado le escribí ese resumen súper resumido a un usuario de reddit que me preguntó qué ocurría en Venezuela. Ya está desactualizado puesto que Guaido terminó siendo un payaso, pero si te parece bien mi resumen estaría bien que se lo pasaras a la gente que encuentres por internet preguntando sobre Venezuela. Considero que está bastante completo y directo al grano. No está de más informar a la gente. Un saludo

[@sebastiangudino9377]

@@DanielGonzalezL That's a pretty good sumary of this whole thing! It's not really "short". But this situation IS very complex! And deserves to be explained. Thanks for sharing, i may point people who want to know more about it to it

[@DanielGonzalezL]

@@sebastiangudino9377 thank you! :)

[@RonaldoTalison]

Seems like brazil in the 80s, not that bad thought.

[@gabrielmigliorini3147]

@@DanielGonzalezL No final do seu texto você diz "isso é o que o socialismo fez". Na verdade, isso é o que uma gestão altamente incompetente e corrupta fez. Socialismo de mercado, como China e Vietnã, possuem resultados bem positivos. O Brasil, que nunca foi socialista, está indo de mal a pior com as políticas mal embasadas.

[@jjovan]

Last time I was this early I could still meet with my friends

[@yourfbiman69]

Can’t meet with friends if you have no friends 😔

[@giuliobrunetto4466]

The greatest hyperinflation took place in Hungary in 1946, when prices doubled every 15 hours...

[@acoral1035]

But in videogame we can generate any number of goods. It's just a number in a shop's inventory. We can always generate goods for generated money to support them. I do not understand how this can be broken?

[@flounder2760]

how would lowering the floor make it worse?... unless by lowering the floor you mean they make the stack size a billion gold from 100 million instead of actually going down.

[@edwarde9572]

I’m just curious, did Blizzard eventually fix it? If so how? Did they just delete the players’ gold through code or actually applied an in-game solution to this?

[@Michaelo90]

They removed the auction house completely. Later, they almost completely disabled ingame trading too, but they also made gold much more useful.

[@MTGeomancer]

The video was also incorrect on the reason for the RMAH, the true reason was Activision wanted a piece of the pie for those real money transactions. It was like eBay, every transaction had a fee that went into Activision's pocket.

[@axelpatrickb.pingol3228]

That is really a recurring problem with MMO economies: it has no way of inducing "scarcity" in the environment...

[@edwarde9572]

Thx

[@Soken50]

@@axelpatrickb.pingol3228 It could have a way to induce scarcity but players wouldn't like it, no one likes low looting odds and high trade taxes.

[@TheNumber86]

Before watching, I am going to guess this is about Runescape. Edit: Nevermind.

[@kylenetherwood8734]

The RuneScape economy is surprisingly stable. It's actually more stable than Venezuela's.

[@jblover_3014]

Youd be forgiven for thinking that, only a matter of time before venezuelans destroy osrs

[@drybones1689]

Jblover_ 301 that’s already happening with the influx of gold farmer bots :(

[@klugkluk]

Could you add the "there is an extended cut on nebula" at the beginning of the video? Afterwards it kind of meh because you've already seen most of it.

[@Pellbort]

This is REALLY good advice.

[@kirbycooper9496]

I don't know why I like the idea about a man abandoned on an island collecting sand dollars and freaking about about the price of his own coconuts

[@Liliiiii234]

Can't wait for Half as Interesting to make a video titiled, "How a television series ( the Simpsions ) predicted the future".

[@krzywycz9069]

3:28 they raised the stack size to 1,000,000 units. Animator made the change to 100,000,000 units so he made a inflation 100,000% instead of 1,000% Have a nice day!

[@pro_fail]

Gold crashing the ingame economy of Diablo 3 TF2 unusual hats: "Hey, I've seen this one before"

[@mogol109]

What do you mean? It's brandnew!

[@laurenf.7922]

crate depression man

[@vanivanov9571]

...Does this parallel the development of Venezuela's economy at all? Aside from the click-bait, he video itself was poorly done. You started with the basic economics lesson we've heard a million times, but then didn't bother to actually explain what went on. When you said the minimum transaction was 25 cents, do you mean that 25 cents got you 100,000 gold and viceversa? Perhaps instead of random graphs, you should've presented some actual graphs?

[@EebstertheGreat]

It's not explained well in the video at all. My understanding by looking online is that you could spend a minimum amount of 25 cents at a time and trade the exact amount of 100,000 gold at a time (called a "stack"). So it was not possible to buy gold cheaper than 400,000 gold per U.S. dollar. As a matter of fact, gold was not quite so cheap at the time, but it was approaching that rate, so Blizzard changed the stack size to 1,000,000. This made it possible to buy 1,000,000 gold for $.25 if people were willing to do so. Sam also left out a primary driver of inflation in Diablo: bots. Robots could accumulate gold over time for just a few cents of electricity and internet, and this continued to inflate the supply of gold faster than sinks could take it out. When the stack size increased, many people operating these bots (which are against the rules but hard to stop) realized that the price of gold would likely drop soon and started selling off their gold as fast as they could at a discount. This increased the rate of inflation further, and soon the price reached the new floor of $.25/million. Later on, the stack size was redenominated again to 10 million, with predictable results. Gold reached the new floor very quickly. The analogy to real hyperinflation is actually pretty good. Economic mismanagement caused rapid inflation, and the misguided response of redenomination accelerated the inflation, a story we have heard several times before. But the analogy to Venezuela in particular is not great, because that's not what happened this time.

[@vanivanov9571]

@@EebstertheGreat These videos are becoming all jokes and build up with no facts and story. He should've cut out a lot of the fat and actually talked about what went on, instead of the weak RL parallel and teaching people how money works. Then there would've been time to talk about the bots and make clear what went on. Though, originally these videos started based of wikipedia pages... so it's possible he doesn't have or understand those details.

[@Habiyeru]

Next video: How *insert video game that features a pandemic and societal breakdown as plot points* predicted COVID-19

[@harlander-harpy]

So what happens if you and someone else are on a plane that crashes on the coconut island?

[@Ajvt-ux4ec]

To be fair, as a Venezuelan, a blind monk could have predicted the collapse of our economy

[@ladofthedamned7796]

i mean it was expected, unlike the Spanish Inquisition

[@AAeolian]

and now Venezuela's economy is based on Runescape Gold

[@pangolimazul6055]

This tittle is totaly misleading and fake,this desearves a dislike

[@martonwirth2975]

Heyo Hungary had the biggest inflation with pengő and its price was so low that it was less valuable than the paper that it was printed on

[@colenelson6721]

You know who else predicted the Venezuelan economic crisis? Anyone who ever looked at what happened to every other country with a centrally planned economy

[@TheGrinningViking]

Yeah the CIA, IMF, World Bank, and Organization of American States really didn't like that they nationalized the oil. Of course if we really believed in capitalism as a regulatory force we would have let that play itself out instead of engaging in sanctions and shenanigans; but what can you do? We don't even get to pick between two good candidates for president anymore. Or even one good one and one POS. It's turds all the way down at the capitol.

[@RecursiveTriforce]

Fun Fact: It didn't and you got clickbaited.

[@comedyqwerty8772]

Still interesting tho

[@jonathanpryzby4029]

Yea man, normally I love these videos, but the line really isn't here on this one. :\

[@jonathanpryzby4029]

Also, fantastic name there Recursive triforce

[@FedericoTrentonGame]

Clickbaited into a 5 minute video full of lame jokes how did this channel become so crap? All the top comments are repeating the same stupid jokes from the video, what’s his target audience? 11 years old?

[@comedyqwerty8772]

@Some characters aren't allowed I never said it was lol

[@VicHD]

Saying that Diablo III is linked to Venezuela's hyperinflation is WAAY too big of a stretch. Correlation does not imply causation. Clickbaity video. I'm Venezuelan btw. Hyperinflation here was caused by several factors, like political socialist corruption, money laundering, Narcotics, among other internal factors. I get you're doing this for a quick laugh and for views, but please get your facts straight about my country's crisis.

[@MrTomyCJ]

Inflation, understood as the loss of value of a currency (wich is NOT exactly the same as an increase in prices) is only (fundamentally) caused by what he said: excesive supply of a currency. Probably some of the factors you mention are causing that. It's a universal phenomena, explained by the natural law of supply and demand. I agree that the title is clicbait as there isn't any prediction, just a correlation between a game and a country (both had hyperinflation).

[@happycamper4734]

I dont think he is saying that Diable III caused Venezulas inflation, I think he was just teaching us about hyperinflation and stuff, and used Venezula as an example. It's a very clickbaity tittle

[@Reth_Hard]

So, how did this game predicted the collapse of Venezuela's Economy?!

[@stuckonaslide]

it didnt

[@Reth_Hard]

Yeah, it seems like it didn't... But you might have learn something if you never went to school, I guess...

[@chuforeichi]

If money is that useless in hyperinflation it's probably better to just barter with items.

[@DJDeezNutz]

Correct

[@sircompliments5380]

Next video: _video game predicts the stampede of 15,000 australian geese across north Texas_

[@alvinpoly2781]

Someone in a video pre-2020 - Coughs** 2020 viewers - HE PREDICTED CORONAVIRUS !!!!!!!!!!!!!!!

[@alvinpoly2781]

.

[@javidproductions9353]

Alternative title: Lying about the predictability of a major real world event for cheap clickbait

[@klaatu9936]

That’s epic man.

[@xaifer2485]

Says guy after a few secounds of the video being uploaded 😂

[@hplpc6322]

ok

[@TheyCalledMeT]

yes eve has the by far most realistic and most impressive market simulation i've ever seen .. (played it for several years beginning in 2005)

[@planktonfun1]

thats why simulations are important, now its often overlooked even with crisis

[@countrymann5040]

Mercenaries 2: World in Flames also predicted Venezuela situations

[@mitchwales7716]

I thought this was going to be about Old School Runescape

[@godsnotdead6973]

Same here. But osrs is saving the Venezuelan economy rather than predicting it's decline.

[@IRGudShot]

End result is that now Venezuelans must play Runescape and sell in game gold for real life money. This is actually happening

[@mr.personhumanson6871]

It didn't predicted Venezuela's economic collapse, it only simulated a hyperinflation

[@fiestafella4360]

There is little to no way that what happened in Diablo III could predict Venezuela. The only similarly is that of hyperinflation. The Diablo example resulted from a bug. This bug let the players (citizens) print excess money. However, in the case for Venezuela and the Weimar Republic it was the government that caused hyperinflation through rampent spending. A more relatable example could be that of the US before the creation of the Secret Service in 1865 where more than 1/3 of US currency was counterfeit. This was because bills and coins were issued by each state through individual banks, which generated many types of legal currency. With so many different kinds of bills in circulation, it was easy for people to counterfeit money. This (obviously) resulted in hyperinflation that benefited those who were able to counterfeit, just as how it was only the players that exploited the bug that became richer. The US government, and Blizzard actively try to stop hyperinflation. Venezuela however, under Nicolás Maduro's presidency has no sign of stopping. Hyperinflation as a result of government spending overwhelmingly hurts the population more than the government's that cause the problem. Still not a perfect exmaple, but much better then using Venezuela. You make really good content, just this one missed the mark for me.