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As someone who wrote a newspaper column for the Chicago Tribune in 2013 titled "Why Bitcoins aren't Tulips" this particular argument is starting to get a bit ti
by drcode 9y ago
As someone who wrote a newspaper column for the Chicago Tribune in 2013 titled "Why Bitcoins aren't Tulips" this particular argument is starting to get a bit tiresome at this point.
Fine- Let's just call them "tulips" so we can all go home and enjoy the sunny weather today.
- mannykannot 9y agoThe arguments you make there for the intrinsic value of Bitcoin are not incompatible with the perception that the ICO market is overheated at this point.
- cm2187 9y agoThe main argument (tulips have substitutes) is very light. Just by looking at the number of alternative blockchains flying around, it's hard to treat bitcoin as something unique. And that's what makes me extremely sceptical. Might be an interesting cryptographic concept. An asset class? Nope.