/biz/ - Business & Finance

they made cheese tulips? from the graph it doesn't look like it anymore

>comparing a unlimited asset with a limited asset

if you want to meme, do the right way

>>9833872
>Limited asset

Meanwhile thousands of shitcoins appear every month

Sminem predicted this

>>9833896

doesn't matter, the backbone of the entire market is in btc which has a finite supply.

It really is the best cheese though

>>9833900
He was giving us clues using these pictures filled with the finest symbolism possible, but sadly my peanut sized brain never noticed the subtle cues.

This is a truly mind boggling discovery.

>>9833849
Quick question, anon, how many people or businesses went bankrupt in the tulip "bubble"?
The answer is zero.

>>9834018
Sminem also predicted the bull

>>9834056
I believe some houses were even sold for those bulbs, but you could be right about no one going bankrupt. They were only left with a few shitty bulbs that were dirt cheap.

People have to believe in things having value.

>>9834067
What do you think about this image? What is he trying to say?
Perhaps he's saying that we should start pimping?

>>9833924
Except thats not true, and tulip bulbs have a valid use case (growing Tulips) while BTC does not

>>9833849
The easiest way to refute this garbage is to remind people that none of the other historic bubbles in human history ever regained their prior highs (except perhaps the NASDAQ following the dot-com collapse), but Bitcoin has, several times, collapsed only to eventually take out the prior high by an order of magnitude. Some bubble, clearly.

>>9834175
You can believe what you want friend, but the historical record is clear.
The so-called tulip bubble is mostly a myth. It had very little real economic impact and certainly nothing like OP's scary chart.

>>9834284
Exactly, this is another point I wanted to bring up, but I couldn't put it into words correctly.

If you buy physical gold (I know who the fuck buys physical gold) you actually have something that can be used for real things like electronics, biomaterials and catalysis.

Yeah, except crypto is literally a computer science breakthrough while tulips are...well...tulips. IF you honestly think they're the same thing your IQ is propably just too low to understand the tech.

>>9834370
>electronics, biomaterials and catalysis
So all use cases that didn’t exist until last century, yet gold was used as money long before that, weird

>>9834264
FAT
He wants us to buy chainlink

>>9834339
Crypto doesn't seem to have a huge impact on people not participating in it either, like this 10-15% (approx. 50bil.) Mcap swing we had in literally less than 24 hours didn't seem to have any influence on the market either, only for a few suicidal biztards.

>>9833896
With infinitely reducing market caps because they don’t offer much new and the niche has been already filled. Does BItcoon Interest have the same evaluation, adoption, brand recognition, decentralization as Bitcoin/Bitcoin Cash? Then its creation does not dilute their supply. Does some new coin offer better tech and manages to garner enough demand on the market? Good, then it should and will outcompete them.

>>9834513
Yes. There has been no real normie pain. Crypto is still a toy.
The crypto bubbles have been real though, the tulip one was not.
https://www.smithsonianmag.com/history/there-never-was-real-tulip-fever-180964915/

>>9834374
No, its not a computer science breakthrough. Do some research not inside the bubble of crypto charlatans and you will find that the most bearish people on blockchain technology are actual distributed systems engineers. Blockchain has O(n) network cost for transactions for christ’s sake. The only reason it has any value at all is because computer illiterate people like you keep parroting what others are saying

>>9833849
it's a new paradigm

>>9833900
>>9834067

Please does someone have the original tweet? It's still the best

>>9834654
You mean this?

>>9833872
>tulips
>unlimited asset

>>9833924
>finite supply creates value

>>9833849
crypto is a speculative bubble, but to replicate anything like tulip mania we'd have to crash from $19,000 straight to $300 in one month's time

>>9833872
Actually, the particular tulips being traded had a rare mutation that made them less robust but also multi-colored. Like apples, you can't just plant tulip seeds and get the same tulip you planted. It shuffles genetically.

So, these mutant multi-colored had to be grown from bulbs of previous tulips and since they were genetically damaged, there was indeed a limited number of generations before they were simply too sick to grow.

The assumption of value was based on the fact that relatively healthy bulbs could be preserved by not growing them or, indeed, could theoretically be used to produce additional tulip bulbs through cultivation.

I mean, they're not exactly cryptocurrency but the metaphor isn't as strained as it might seem.

>>9834630

Doesn't have to be perfect to be a breakthrough bro. Seems you don't know shit about tech in general if you think like that. It's never perfect especially in the beginning. You're clearly just parroting what some faggy little engineer friend of your's said without actually knowing anything about the subject yourself.