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Tulips had existed for a long time too. Neither tulips nor bitcoin are worthless, both are/were just extremely over valued. The current surge in bitcoin pricing
by ovulator 9y ago
Tulips had existed for a long time too. Neither tulips nor bitcoin are worthless, both are/were just extremely over valued. The current surge in bitcoin pricing has only really started from May of this year.
The last time this happened with bitcoin about 4 years ago the surge only lasted a couple of months.
- EthanHeilman 9y agoTulip supply is inflationary since tulips create more tulips. Bitcoin is more similar to the market over Superman #1 than Tulips, as Bitcoin has a known and fixed supply. However neither Superman #1 nor Tulips are not as liquid or as difficult to counterfeit as Bitcoin. In fact there has never existed a collectible as difficult to counterfeit as Bitcoin.