bitcoins = tulips

[Lethn]

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

[tunctioncloud]

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.

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

[gochk]

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.

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

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. "

[Rygon]

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

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.

[pollsteer23]

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

[dancupid]

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.

[over1977v]

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

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.

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

[franky1]

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

[pollsteer23]

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.

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

[niothor]

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

[Lethn]

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

[LostDutchman]

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

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.

[PenAndPaper]

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 

[Elwar]

tulips are a ponzi scheme in the form of pyramid bubbles

[Buffer Overflow]

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

[BitcoinTraderFX]

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

[User705]

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.

[spooderman]

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

[Lewis2]

Fuck this shit I'm going all tulips

[toy4lov3rs]

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