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Topic: bitcoins = tulips (Read 3548 times)

legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
December 04, 2013, 11:59:25 PM
#50
If you want tulips, one only has to hold US Dollars.  Being printed to the tune of an additional $85 billion per month.  Hundreds of Trillions of dollars in debt and unfunded liabilities.

I'll take my chances with bitcoin.

Most US Dollars = Virtual Tulips

FTFY
hero member
Activity: 826
Merit: 501
in defi we trust
December 04, 2013, 11:09:12 AM
#49

The article is crap. How can some idiot compare Bitcoins to Tulips.

Tulips mania was isolated to Denmark and surrounding areas/countries.
It was treated more like art...people collected Tulips.
Though Tulips were exchanged for money, it really wasn't used like currency.

The psychological hype may have been similar, but Tulips were bound to fail.

Bitcoin and other crypto currencies however, are used as a store of value and exchange for goods and services.  An alternative to FIAT dollar, like the American "toilet paper" dollar, that has a mad man at the printing presses.

The psychology, behind Bitcoin is hype to some level, but also of fear and protection of a portion of ones capital in case the "SH!T hits the fan". Similar to gold.

Anyway, my 2 cents.


And your post is total crap. No offense.
Denmark?
That's the only thing wrong in his post, it's not total crap. It was Holland of course.

When somebody claims to know about that matter and start with a such a mistake , I don't even bother with the rest.
But for the sake of it let's go:
Tulips were bound to fail.
Did they? Nope , the price decreased but tulips went on , and even now I can still plant, grow, buy, send them as a gift.
Lets talk about Bitcoin in 300 years. Of course we won't Smiley))))

Also. I don't believe that Bitcoin is a bubble , Keep that in mind.
sr. member
Activity: 252
Merit: 250
December 04, 2013, 11:07:19 AM
#48
So long as other people begin adopting bitcoin, it will continue to be accumulated, and drive the value up.

If people abandon bitcoin altogether, then it could drop in value.

Actually it takes as little as 50 people to abandon bitcoin altogether and the currency will go single digit. But that's not going to happen anyway.
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
December 04, 2013, 11:04:30 AM
#47
Maybe someone needs to make a tulipcoin for all these tulip whiners to buy Cheesy.

How about beaniebabycoin

Ponzicoin?
hero member
Activity: 622
Merit: 500
December 04, 2013, 11:01:51 AM
#46
Maybe someone needs to make a tulipcoin for all these tulip whiners to buy Cheesy.

How about beaniebabycoin
sr. member
Activity: 462
Merit: 250
Lux e tenebris
December 04, 2013, 10:53:17 AM
#45
thought it was daffodils from Wales
hero member
Activity: 841
Merit: 1000
December 04, 2013, 10:52:34 AM
#44

The article is crap. How can some idiot compare Bitcoins to Tulips.

Tulips mania was isolated to Denmark and surrounding areas/countries.
It was treated more like art...people collected Tulips.
Though Tulips were exchanged for money, it really wasn't used like currency.

The psychological hype may have been similar, but Tulips were bound to fail.

Bitcoin and other crypto currencies however, are used as a store of value and exchange for goods and services.  An alternative to FIAT dollar, like the American "toilet paper" dollar, that has a mad man at the printing presses.

The psychology, behind Bitcoin is hype to some level, but also of fear and protection of a portion of ones capital in case the "SH!T hits the fan". Similar to gold.

Anyway, my 2 cents.


And your post is total crap. No offense.
Denmark?
That's the only thing wrong in his post, it's not total crap. It was Holland of course.
hero member
Activity: 826
Merit: 501
in defi we trust
December 04, 2013, 10:47:59 AM
#43

The article is crap. How can some idiot compare Bitcoins to Tulips.

Tulips mania was isolated to Denmark and surrounding areas/countries.
It was treated more like art...people collected Tulips.
Though Tulips were exchanged for money, it really wasn't used like currency.

The psychological hype may have been similar, but Tulips were bound to fail.

Bitcoin and other crypto currencies however, are used as a store of value and exchange for goods and services.  An alternative to FIAT dollar, like the American "toilet paper" dollar, that has a mad man at the printing presses.

The psychology, behind Bitcoin is hype to some level, but also of fear and protection of a portion of ones capital in case the "SH!T hits the fan". Similar to gold.

Anyway, my 2 cents.


And your post is total crap. No offense.
Denmark?
newbie
Activity: 45
Merit: 0
December 04, 2013, 10:43:17 AM
#42

The article is crap. How can some idiot compare Bitcoins to Tulips.

Tulips mania was isolated to Denmark and surrounding areas/countries.
It was treated more like art...people collected Tulips.
Though Tulips were exchanged for money, it really wasn't used like currency.

The psychological hype may have been similar, but Tulips were bound to fail.

Bitcoin and other crypto currencies however, are used as a store of value and exchange for goods and services.  An alternative to FIAT dollar, like the American "toilet paper" dollar, that has a mad man at the printing presses.

The psychology, behind Bitcoin is hype to some level, but also of fear and protection of a portion of ones capital in case the "SH!T hits the fan". Similar to gold.

Anyway, my 2 cents.
hero member
Activity: 826
Merit: 501
in defi we trust
December 04, 2013, 06:50:18 AM
#41
While generally agreeing that tulips and bitcoin are nowhere near the same thing, we are still currently expanding the bitcoin supply.  If you exclude satoshi wallets, lost wallets, and other frozen coins like fbi stash and some super long term bull holders then bitcoin supply is currently expanding at a rate of probably between 10-20% per year.  So currently we are certainly growing more bitcoins.  And I won't even mention litecoin since that didn't even half yet.

But you should take a look at the new alts coming up , they might be only 0,1% of the value , but at the rate they appear on the market they could hit 50% of the BTC market cap.
Although I do think altcoins are a bubble.
sr. member
Activity: 375
Merit: 250
December 04, 2013, 05:54:10 AM
#40
So long as other people begin adopting bitcoin, it will continue to be accumulated, and drive the value up.

If people abandon bitcoin altogether, then it could drop in value.

I agree, there might be correction but never crash to single digits if bitcoin will be used
member
Activity: 70
Merit: 10
December 04, 2013, 05:32:17 AM
#39
Fuck this shit I'm going all tulips
legendary
Activity: 1652
Merit: 1029
December 04, 2013, 04:58:12 AM
#38
I see where he's coming from.

Tulips are:

  • Limited in supply by a distributed consensus computer protocol
  • Tulip network can be used to send other tulips to people anywhere else in the world, and can be received instantly
  • Tulips comprise a software construct of a wallet of public and private keys to allow the Tulip user to securely send, receive and store their Tulips
  • Mining new Tulips involves trial and error guessing of the value of 2 SHA-256 hashes of the previous block of Tulips in the blockchain

The similarities are pretty startling, case closed.

haha laughed hard at this
legendary
Activity: 896
Merit: 1006
First 100% Liquid Stablecoin Backed by Gold
December 04, 2013, 03:06:44 AM
#37
While generally agreeing that tulips and bitcoin are nowhere near the same thing, we are still currently expanding the bitcoin supply.  If you exclude satoshi wallets, lost wallets, and other frozen coins like fbi stash and some super long term bull holders then bitcoin supply is currently expanding at a rate of probably between 10-20% per year.  So currently we are certainly growing more bitcoins.  And I won't even mention litecoin since that didn't even half yet.
member
Activity: 98
Merit: 10
December 04, 2013, 02:54:32 AM
#36
I'm not sure I agree with the premise. Bitcoin has a use as a currency, and is being used as an alternative holding vehicle (like gold). Tulips were a perishable.

So long as other people begin adopting bitcoin, it will continue to be accumulated, and drive the value up.

If people abandon bitcoin altogether, then it could drop in value.

: )

cj
legendary
Activity: 1652
Merit: 1016
December 04, 2013, 02:49:09 AM
#35
Bitcoins are a good store of wealth.
Tulips perish, so obviously that idea was doomed from the start.
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
December 04, 2013, 02:32:57 AM
#34
tulips are a ponzi scheme in the form of pyramid bubbles
sr. member
Activity: 252
Merit: 250
December 03, 2013, 01:32:13 PM
#33
I think the blogger is using tulips because as you know, tulips bloom and then dies. That's what happens to the ones on my flower bed anyway. So he's essentially saying, bitcoin will "bloom" but then it'll die off - which he advises people not to get into it and to sell what they have.

Actually that is kinda poetic but the guy refers to the tulipomania a well know economic bubble that happened like 500 years ago  Tongue
sr. member
Activity: 476
Merit: 250
December 03, 2013, 01:07:32 PM
#32

Naysayers, Doomsayers all crying "Wolf!"

Well, wolves are better people than most people, so nine times out of ten I'll take a wolf over a person and I speak from experience.

I think the author is just jealous of people who are making more money than he is and who are definitely happer than he is!

My $.02.

Wink
legendary
Activity: 1540
Merit: 1000
December 03, 2013, 12:47:42 PM
#31
God damnit I knew I shouldn't have suggested that idea as a joke Sad
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