YEAH F*%#% ALL THE TROLLS WHO DON'T GET BTC! WE ARE GOING TO $100 BABY! 
go get 'em Flip. you say everything i want to say but you leave out a zero.
Topic: Bitcoin is no Tulip - page 2. (Read 3092 times)
go get 'em Flip. you say everything i want to say but you leave out a zero.
But when can I buy a tulip with my bitcoins from the local flower shop? That's what I'm looking forward to, hopefully in 2012.
YEAH F*%#% ALL THE TROLLS WHO DON'T GET BTC! WE ARE GOING TO $100 BABY!
Yes, I think it is fair to say we've bounced off the $2 bottom now and may be heading for the next bubble. Next time I hear someone trotting out the Ponzi scheme line, I'll reply, "Ponzi schemes don't bounce."
Bitcoin: 1
Detractors: 0
Let's see what we can do in 2012. What an exciting thing to be working on =)
Detractors: 0
Let's see what we can do in 2012. What an exciting thing to be working on =)
We shall see how Team Bitcoin does in their first contest of 2012, where they play the Mayans at home!
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the core protocol has survived every attack and misfortune
What attacks has Bitcoin itself been subject to? (Not counting attacks against MtGox et al)
I would assume every have-competent hacker on the planet has tried to steal coins or screw with the protocol in some way. There hasn't even been an "outage" of the system, let alone a serious problem. It's almost impossible to imagine that software could be so resilient, which is why I like the theory that Satoshi was actually an artificial intelligence network which created Bitcoin either as a gift to mankind or as a trick for future global domination.
Quote
the core protocol has survived every attack and misfortune
What attacks has Bitcoin itself been subject to? (Not counting attacks against MtGox et al)
I think the time has come, where it is reasonable to suggest that Bitcoin was not the "purely speculative bubble asset" that many thought it was. There are many examples of ridiculous items which enter massive bubbles, pop, and then fall toward zero, never to recover. Tulip bulbs in the 17th century, or Beanie Babies in the 90's, are two popular examples.
As Bitcoin prices rose wildly and then popped last summer, a non-imaginative person could understandably perceive it as nothing but Tulip Mania. A fair argument, if you didn't understand Bitcoin, I suppose. Bitcoin was a "flash in the pan," a quick, scammy, interesting phenomenon that went away after the early adopters cashed out.
But now, given a full picture of Bitcoin's history, its rise last summer, crash, and rise again this winter, I think comparing Bitcoins to Tulips is naive and unjustified.
Bitcoin is not going anywhere, it seems - the core protocol has survived every attack and misfortune, and now the market value has also survived every attack and misfortune. The market knows these things are not worth zero, which is what many detractors have prescribed.
There will be more bubbles, I am positive. How does a global market price a revolutionary technology such as this? It will take time to figure out. Soon, we will again hear condemnations that Bitcoin will fail because it's too volatile or because it's "deflationary." We'll hear about the greedy early adopters getting rich (though I can't think of anyone more deserving of wealth). Fine, people can continue to argue those things even thought they're fallacious.
But, I think only a fool will now say that Bitcoin was just Tulip Mania, that it's price is destined to deflate to zero. Bitcoin might fail, but the Tulip Phenomenon will not be the cause.
Bitcoin: 1
Detractors: 0
Let's see what we can do in 2012. What an exciting thing to be working on =)
As Bitcoin prices rose wildly and then popped last summer, a non-imaginative person could understandably perceive it as nothing but Tulip Mania. A fair argument, if you didn't understand Bitcoin, I suppose. Bitcoin was a "flash in the pan," a quick, scammy, interesting phenomenon that went away after the early adopters cashed out.
But now, given a full picture of Bitcoin's history, its rise last summer, crash, and rise again this winter, I think comparing Bitcoins to Tulips is naive and unjustified.
Bitcoin is not going anywhere, it seems - the core protocol has survived every attack and misfortune, and now the market value has also survived every attack and misfortune. The market knows these things are not worth zero, which is what many detractors have prescribed.
There will be more bubbles, I am positive. How does a global market price a revolutionary technology such as this? It will take time to figure out. Soon, we will again hear condemnations that Bitcoin will fail because it's too volatile or because it's "deflationary." We'll hear about the greedy early adopters getting rich (though I can't think of anyone more deserving of wealth). Fine, people can continue to argue those things even thought they're fallacious.
But, I think only a fool will now say that Bitcoin was just Tulip Mania, that it's price is destined to deflate to zero. Bitcoin might fail, but the Tulip Phenomenon will not be the cause.
Bitcoin: 1
Detractors: 0
Let's see what we can do in 2012. What an exciting thing to be working on =)
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