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Tulips aren't finite in number nor can they be transferred on a decentralised ledger. Anyone can grow tulips and grow fake tulips that may look like tulips but
by jesusthatsgreat 9y ago
Tulips aren't finite in number nor can they be transferred on a decentralised ledger.
Anyone can grow tulips and grow fake tulips that may look like tulips but are cheaper quicker to buy / make. You can't fake Bitcoin nor can you grow it indefinitely in your garden.
People who make the tulip comparison simply don't understand the revolutionary aspect of the technology. It's like calling the internet tulip mania back in the mid 90's. Blockchain technology will change the world. Bitcoin's value will boom and bust for many years to come. Where will it end up in USD terms? Nobody knows... but the technology itself will become as indispensable as the internet.
- nickjj 9y agoI was replying to someone who was talking about the social phenomenon of bitcoin trading. I wasn't comparing them literally.
- mcv 9y agoWhat are "fake tulips"? There are many types of flower, but I've never heard any described as fake tulips. And why grow fake tulips when you can grow real ones? And why is a decentralised ledger even relevant to tulips? They're not bits of code, they're real things you own irrespective of whether other people know you own it. Also, you need to distinguish between the blockchain technology and the value of bitcoins. Blockchain does not depend on bitcoin. Bitcoin can fail while blockchain continues to change the world. The real value of bitcoin at this moment comes from trust that the hype will continue. It might. Or it might not.
- ryanmarsh 9y agoPeople who make the tulip comparison simply don't understand the revolutionary aspect of the technology. People who make the tulip comparison simply don't understand the Tulip craze.