Topic: bitcoins = tulips (Read 3554 times)

Most US Dollars = Virtual Tulips

FTFY

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 ))))

Also. I don't believe that Bitcoin is a bubble , Keep that in mind.

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.

Ponzicoin?

How about beaniebabycoin

thought it was daffodils from Wales

That's the only thing wrong in his post, it's not total crap. It was Holland of course.

And your post is total crap. No offense.
Denmark?

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.

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.

I agree, there might be correction but never crash to single digits if bitcoin will be used

Fuck this shit I'm going all tulips

haha laughed hard at this

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.

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

Bitcoins are a good store of wealth.
Tulips perish, so obviously that idea was doomed from the start.

tulips are a ponzi scheme in the form of pyramid bubbles

Actually that is kinda poetic but the guy refers to the tulipomania a well know economic bubble that happened like 500 years ago 

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.

God damnit I knew I shouldn't have suggested that idea as a joke

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.

Bitcoin is revolutionary. It could go to 0.1 USD and I'm sure some geeks (like me) would still use it.

Howdy troll thread.   Look, you got me to type something!

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.

Tulips are beautiful.



Fail article...

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.

Apart from this, it's also a very ugly article.  He even goes as far as to insult the people that embrace bitcoins and the people that have gotten it to where it is today (talking about not stroking the egos of the nerds that are a part of bitcoin).  Very big dislike to that article, maybe he did it to get some spotlight. 

Let me see if I have this correct. The same person that is comparing bitcoins to tulip, is one we're trying to save all future transaction fees for him and his family and friends, yet, instead of embracing change, of which he advocates, he opts to throw it under the bus.

~TMIBTCITW

I merely skimmed through most of the article and think they are way off.  Some of their information is out dated, some wrong.  Also, if bitcoins = tulips, gold could easily be like tulips as well (or a better example, diamonds).  This is ridiculous.  Furthermore, saying that there is no place to buy items/services for bitcoins is absolutely false.  And why must it EXCLUSIVELY be for bitcoins?

in reality the ups and downs of stock/currency and asset prices are much more complicated that this

and from some view points its almost impossible to see a bubble in any real assets,

it would seem more often that professional operations are setup to pop assets so hard

that it does indeed collapse in price and then the instigator can buy up en masse

the now very cheap product knowing that it has underlying intrinsic value

According to http://www.blacklistednews.com/Guest_Post_-_Bitcoin%3A_Get_Out_While_The_Getting%27s_Good_/30803/0/0/0/Y/M.html
bitcoins = tulips.

Source: http://gonzalolira.blogspot.com/2013/11/bitcoins-get-out-while-gettings-good.html