4 ms·

So if it didn't exist how can you be so sure about dismissing it? It literally is a new paradigm. EDIT: nice to see all the luddites downvoting me. Guess the m

So if it didn't exist how can you be so sure about dismissing it? It literally is a new paradigm. EDIT: nice to see all the luddites downvoting me. Guess the meme is true -- we still are early.

arcticbull 4y ago
Investment fraud is not a new paradigm. Selling bags of nothing is not a new paradigm. Goes all the way back to the South Sea Company in 1711 [1]. I recommend reading Extraordinary Popular Delusions and the Madness of Crowds published originally in 1841 [2]. [1] https://en.wikipedia.org/wiki/South_Sea_Company https://en.wikipedia.org/wiki/South_Sea_Company [2] https://www.amazon.com/Extraordinary-Popular-Delusions-Madness-Crowds/dp/051788433X https://www.amazon.com/Extraordinary-Popular-Delusions-Madne...
- mumblemumble 4y ago
  Extraordinary Popular Conclusions is also available for free from Gutenberg: https://www.gutenberg.org/ebooks/24518 https://www.gutenberg.org/ebooks/24518
- vba616 4y ago
  I don't see it usually mentioned when people cite the South Sea Company, but their principal actual business was the slave trade. There is something about a useless or immoral business that often excites greed beyond what anything beneficial to society can.
workingon 4y ago
I'm not. Bitcoin could still MOON. I'm just saying you shouldn't be so sure either way with so much uncertainty.