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Tulips are a dumb analogy. There, I said it. Tulips come from seeds and are ornamental, once they are dead they can no longer be traded for value. There is n
by sova 9y ago
Tulips are a dumb analogy. There, I said it.
Tulips come from seeds and are ornamental, once they are dead they can no longer be traded for value. There is no limit to the world-wide supply of tulips, and there is no such thing as distributed international observation and participation in tulips.
To further my antagonist response, the Smithsonian Mag recently did a report explaining that Tulip Mania was also not really a Tulip Mania and that reports were highly exaggerated; an author of a recent book on that time claims that there really is no lesson to learn from Tulip Mania, as tempting as the comparison may be.
https://www.smithsonianmag.com/history/there-never-was-real-tulip-fever-180964915/?no-ist https://www.smithsonianmag.com/history/there-never-was-real-...
- IshKebab 9y agoOnce digital currencies are dead they can no longer be traded for value. There is no limit to the world-wide supply of digital currencies.
- nrhk 9y agoThere are limits to specific protocols, like bitcoin.
- nine_k 9y agoAgreed! Tulips are an imperfect analogy. The only analogous part is the rally, which is not due to the intrinsic value of the item (gold is ornamental, a paper can pay coupons or dividends, etc), but due to the bandwagon effect.