Topic: bitcoins = tulips - page 2. (Read 3551 times)

Wait , there was no limit on the number of tulips?
I think that we just solved the hunger problem on earth.

Franky read the wikipedia page and sources. Your backstory to the tulips appears to be incorrect.

tulip bulbs can be grown, and regrown. so theres no fixed quantity.

the whole tulip mania started because the first introduction of tulips into europe was rare, with only a small number of bulbs at first. everyone wanted them, then as years passed the supplies increased. so of course there became a point where it became common for everyone to have tulips thus devaluing it because everyone could grow their own.

bitcoin is fixed meaning there wont be anymore beyond that amount (21m). and with such high difficulty and such a large population base. not everyone can successfully mine sufficient amounts personally to sell for a nice lifestyle, so buying them is still and will continue to exceed natural supply growth while we reach the 21million.

bitcoins can in no way be compared to tulips and if a economist thinks they can then he has miss spelled his profession. and should be a ecologist, and go back to gardening.

that being said..
generic tulip bulbs can be bought 400 years later for £5 in the uk ($7.50) which is more expensive then feather coin or terracoin, and rare tulips bulbs can exceed the price of litecoin.

so i wouldnt call the tulip mania a complete disaster. the only failing is that there was no limited and finite supply to ensure value continued to rise, along with demand

It seems more to me as game and not as currency you can use (especially the expiration thing)

Tulips are a multi-billion dollar industry in Holland today - people who write these articles should be writing about the dodo if they want to talk about failure - the Tulip is one of the most successful flowers on the planet.
Even the orchid pales in comparison to the economic triumph that is the tulip.

The tulip mania was caused by the gov banning shorting then later changing the contract rules. Also no money or tulips ever exchanged hands.

https://en.wikipedia.org/wiki/Tulip_mania

Tulipcoin:
 
- Tulipcoins expire after a certain period of time.
- Only Tulipcoin holders can mine (cultivate?) more Tulipcoins in a process (based on hashing power or something similar) that destroys the original Tulipcoin
- Tulipcoins come in different varieties (think of levels), increasing in rareness. There is a random chance of generating a rarer Tulip through mining. Once mined, that rarer Tulipcoin can then generate other copies of itself, and a chance of an even rarer Tulipcoin.
- The rarer the Tulipcoin is, the less time before they expire, the longer it takes to mine a new one, and less are mined

That actually sounds like a really interesting experiment. I'm sure there's a way to replicate the tulipbulb mania in cryptocurrency by developing "varieties" or "levels of rarity" within a coin. If I had the programming chops, and the time to do it, I'd put some effort into programming that, lol.

Yes, he "have had"
" Hell, I’ve had a bitcoin wallet since 2011, when I parked a few hundred bucks in it when it was at $8 a BTC. "

No, it seems he sold all bitcoins already. Why hold when you think bitcoins = tulips 

Maybe someone needs to make a tulipcoin for all these tulip whiners to buy .

Whats wrong with tulips? I like them - have several in my front garden.

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.

Maybe it's because I'm not a btc expert and therefore not able to verify his blogs today;
1) he claims he has bitcoin.
2) btc does not provide anonymity

so, there are a couple of questions that pops into my mind
1) anyone can find out if he still holds the bitcoin he has?
2) for that matter, can anyone find his btc address?
3) even if they can find his btc address, what's stopping him from creating a new address and sending the bitcoins to himself and presents it as him "selling" off his holdings?

Tulips are beautiful, but just a plant. How the speculation could drive the tulips prices so high, I have no idea.

If only they were fungus-proof !

they say tulips, i hear sour grapes

Can we all agree that if and when Bitcoin becomes widely adopted, we officially change the name to 'Tulip Bulbz' and change the logo to a tulip?

I would find it most amusing.

Isn't there any other analogy that implies a bubble except tulips? I 'm extremely bored with them already.

Except tulips made an awful store of wealth/currency. They are not fungible they are perishable. Tulip mania was doomed from the start.

If it goes to 0.1 $ then it's going to 0, but this is very unlikely to happen IMO.
However, a prolonged bear market could drop to double digits for a short time.

Regarding the current market status, I believe we are within capitulation, but
with limited seller pressure for now, the first large drop recovered quickly.
When most big players will understand, they will dump big.

According to him (posted today) http://gonzalolira.blogspot.com/2013/12/a-calm-analysis-of-bitcoins-as-currency.html ; it was a fairly mild criticism.