What do I get out of a bitcoin if the value goes to zero???
What do I get out of a Dollar if the value goes to zero???
Toilet paper
Topic: 2013-12-06 ZDNet: Bitcoin: It's not just loopy tulip land, it's worse - page 2. (Read 2863 times)
December 06, 2013, 02:22:25 AM
What do I get out of a Dollar if the value goes to zero???
Toilet paper
December 06, 2013, 02:20:11 AM
What do I get out of a bitcoin if the value goes to zero???
What do I get out of a Dollar if the value goes to zero???
December 06, 2013, 02:05:40 AM
The recent Bitcoin analysis from big banks BoA and Citi puts this loopy tulip-dude Stilgherrian back into kindergarten.
Greenspan agrees with Stilgherrian, so this proves beyond doubt that Stilgherrian is wrong.
Greenspan agrees with Stilgherrian, so this proves beyond doubt that Stilgherrian is wrong.
December 06, 2013, 01:56:41 AM
What do I get out of a bitcoin if the value goes to zero???
What do I get out of a bitcoin if the value goes to a million?
December 06, 2013, 01:54:01 AM
But at least I'd get a tulip out of the bulb even if the value goes to zero...
What do I get out of a bitcoin if the value goes to zero???
What do I get out of a bitcoin if the value goes to zero???
December 06, 2013, 01:48:48 AM
Bitcoin: It's not just loopy tulip land, it's worse
http://www.zdnet.com/bitcoin-its-not-just-loopy-tulip-land-its-worse-7000024009/
My summary: This guy even looks like personified ignorance.
One thing I'd like to comment to all this uninformed tulip bubble verbal diarrhea:
At the height of the tulip bubble, in 1639, 49,000 m² of land has been sold for one of two existing Semper Augustus bulbs, while a single bulb of the Viceroy has been purchased for a basket of goods worth 2,500 florins. Which was more than 16 times the annual income of a skilled worker. Also, getting a pretty house in Amsterdam for a tulip was no problem.
Therefore, comparing Bitocin to the tulip mania makes me smile, as this would mean Bitcoin could easily go to a million!
And the dutch tulip mania was just endemic, while Bitcoin could easily develop into a pandemic "tulip bubble"...
So Bitcoin may indeed be "worse", but only for those who don't have any.
http://www.zdnet.com/bitcoin-its-not-just-loopy-tulip-land-its-worse-7000024009/
Quote
Summary: Bitcoin's erratic value and irrational cheer squad of speculators are proof this digital currency is unlikely to ever be workable for everyday transactions.
My summary: This guy even looks like personified ignorance.
One thing I'd like to comment to all this uninformed tulip bubble verbal diarrhea:
At the height of the tulip bubble, in 1639, 49,000 m² of land has been sold for one of two existing Semper Augustus bulbs, while a single bulb of the Viceroy has been purchased for a basket of goods worth 2,500 florins. Which was more than 16 times the annual income of a skilled worker. Also, getting a pretty house in Amsterdam for a tulip was no problem.
Therefore, comparing Bitocin to the tulip mania makes me smile, as this would mean Bitcoin could easily go to a million!
And the dutch tulip mania was just endemic, while Bitcoin could easily develop into a pandemic "tulip bubble"...
So Bitcoin may indeed be "worse", but only for those who don't have any.
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