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Hundreds of years after the tulip bubble, tulips are still a big part of Dutch tourism with flower markets being a big attraction in Amsterdam. Because culture
by clippablematt 5y ago
Hundreds of years after the tulip bubble, tulips are still a big part of Dutch tourism with flower markets being a big attraction in Amsterdam. Because culture doesn’t disappear.
So good look with that.
- Jensson 5y agoCrypto bubble bursting just means that all investors leave, not that crypto currencies disappear. So bitcoin would go back to levels it was at before the investment craze 4 years ago, so about 5 years ago? At that point you could buy stuff with it and send people money, but people didn't view it as an investment vehicle.
- denton-scratch 5y agoThe blockchain is an append-only structure; it can only grow. The longer the blockchain, the more it costs to process a transaction. So if people divest from bitcoin and the price drops, that won't make bitcoin more suitable for buying stuff. Nothing can make the blockchain shorter.
- uh_uh 5y agoYou can truncate it at any point you want. If in 2060, the community collectively decides that the chain is too long, they can just decide that a block from 2040 is the new genesis block.
- denton-scratch 5y agoBy 2060 I'll have been dead for about 15 years.