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The comparison between bitcoin and tulips is pretty common, JPM CEO, Jamie Dimon, said "bitcoin is a fraud worse than tulips," then his bank apparently bought b
by wallace_f 9y ago
The comparison between bitcoin and tulips is pretty common, JPM CEO, Jamie Dimon, said "bitcoin is a fraud worse than tulips," then his bank apparently bought bitcoin [???], or at least did on behalf of clients.
There have been a number of threads on HN though about the comparison. The tulip bubble is apparently not as interesting as its reputation leads us to believe
>"the tulip price crashed, not because it was irrationally high, but because of an external shock." [1]
https://stratechery.com/2017/tulips-myths-and-cryptocurrencies/ https://stratechery.com/2017/tulips-myths-and-cryptocurrenci...