On Tulips and Bitcoin...

[johnyj]

Bitcoin is not Tulip 2.0, it is Tulip^2, an exponential bubble

[jubalix]

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.

props made me laugh

[Bigeyeone]

Most people that talk about the Dutch tulip mania don' t really know the ins and out of this mania, First thing you need to know is that it was all about the tulip bulbs , not the tulips themselves, there was a lot of speculation in certain tulip bulbs because the tulip flower it produced was in high demand with french royals at the time. The tulip bulb mania collapsed because the realisation set in that anyone could grow more tulip bulbs over time from one tulip bulb, so the stuff was not as scarce as previously thought, people were just dumb basically at the time , because tulips bulbs were a totally new phenomenon at the time in Europe, and did not realise yet that the number of tulip bulbs would explode over time, no such thing (explosion of supply) can happen with bitcoin.

[oakpacific]

People keep talking about tulip mania like it's a bad thing, jeebus the mania gave birth to Netherland's tulip industry, which prospers to this day.

A bubble, or a mania, is an effective mean to get the prudent investors to open their pockets, and that's how fundamental breaking teches got their funding.