4 ms·

Read: I own a lot of digital tulips.

• niklasd 5y ago
  He states in the article that he currently does not own any cryptocurrencies.
  • i386 5y ago
    And you really believe that? He’s building a company on top of it.
    • pcthrowaway 5y ago
      Ah, the "I don't own any cryptocurrency (but I own a company that owns a lot of it)"
    • mike_hearn 5y ago
      My new company has nothing to do with cryptocurrency.
    • kristofferR 5y ago
      So is Moxie, does that mean that we should blindly disregard everything he thinks about crypto too?
      • i386 5y ago
        Yes, when there’s absolutely crazy speculation over something with absolutely zero utility, a bunch of charlatans preaching for the web to run on it, and its adherents getting richer doing nothing but talking about it, absolutely yes.
• cyphertruck 5y ago
  The tulip bubble is a myth. But the funny thing about bubbles is they have a blow off top then deflate. Bitcoin has had 4 blow off tops and is at %200 of its last one. Not fitting the pattern.
  • mwattsun 5y ago
    > The tulip bubble is a myth That's news to me. In what way is it a myth? https://en.wikipedia.org/wiki/Tulip_mania https://en.wikipedia.org/wiki/Tulip_mania
    • kooshball 5y ago
      read the Modern View section of the wiki page. tldr is it's massively over stated and the actual impact was completely negligible. Not quite the same as the 2 trillion dollars global crypto market today. Any comparison of the two is just not done in good faith.
      • mwattsun 5y ago
        That's more true when taken in isolation, but I read about it as part of "Extraordinary Popular Delusions and the Madness of Crowds" by Charles MacKay as illustrative of crowd manias, mob mentalities, town scares and herd stampedes, not necessarily as great financial disasters in history. There are plenty of those that didn't involve the madness of crowds.