Alright, any retard on here that doesn't know about the tulip bubble is getting a quick rundown.
Some fuckin idiot brought tulips to Europe back in the 16th century. They didn't have flowers that look like that shit, and after a while everyone got a raging hard-on for them. They became a status item, and everyone in the Netherlands FOMO'd hard. At one point, a single bulb sold for 2500 florins, enough to buy:
Two lasts of wheat 448ƒ Four lasts of rye 558ƒ Four fat oxen 480ƒ Eight fat swine 240ƒ Twelve fat sheep 120ƒ Two hogsheads of wine 70ƒ Four tuns of beer 32ƒ Two tons of butter 192ƒ 1,000 lb. of cheese 120ƒ A complete bed 100ƒ A suit of clothes 80ƒ A silver drinking cup 60ƒ Total 2500ƒ
Shit lasted like a year before people realized they were buying fucking flowers for what amounted to a years worth of wagecuck salary, and the bubble popped.
So now lets look at btc 1) btc is not as big of a bubble, if it was we would all be lambo rn. 2) unlike btc, tulips literally had 0 use cases other than speculation. It was a temporary ornament. 3) the btc "bubble" has already lasted exponentially longer than the tulip bubble 4) it was a fucking flower
tl;dr Dimon isn't retarded, he's a crook. It's manipulation. This is nothing remotely like the tulip bubble.
Everyone with a single 1 (ONE) braincell knows this.
Easton James
they weren't buying tulips, they were buying tulip futures, tulips aren't in bloom during the winter
there was regional instability because of a war which was supposed to upset this
Liam Martinez
Then post your fucking shorts bitch
Oliver Richardson
You're right. Tulips are a physical good that I can hold. They provide real, if transient, enjoyment. Tulips come in many colors and shapes. Every color and shape can be physically tangible and I can hold them in my hands.
BUTTCOINS ARE ALL IMAGINARY.
Bubble confirmed. SELL SELL SELL!!!
Brayden Smith
They were trading bulbs, not contracts.
Matthew Howard
Tulips are just a meme used by good dad bad dad reading baby boomer faggots
Austin Martin
I'm sorry your parents circumcised you.
Justin Miller
NICE FUD DIPSHIT AHAHA
Isaac Myers
I already know about flourins from Assassin's Creed. And the tulip thing was in Wallstreet 2. Duh
Christian Bell
They were trading futures of the bulbs as well, then the ppl buying the futures would sell them to someone else for profit and so on. Selling a flower bulb contract for three years down the road
Connor Rogers
lol nobody read your entire post
Michael Smith
I like when they say it's a tulip bubble all over again, it gives me more time to buy to accumulate.
Jordan Robinson
if bitcoin isn't real how can bubble be real there is no bubble
Ryan Reyes
False equivalence. Learn what Bitcoin actually is and try to compare it to a physical good again.
Zachary Ross
the tulip blockchain was shit though, no surprise it failed.
Nathaniel Evans
oh wow I'm retarded and didn't read your entire post OP you literally agreed with me
this is what I get for FOMOing on a post before reading the full whitepaper
Samuel Reed
Took spooky for me man. You're right. I'm just psychotic.
Ian Foster
>if bitcoin isn't real how can our bubbles be real this is going to be my auto response to any anti-crypto shills from now on
Nathaniel Butler
a decentralized digital public ledger is far more useful than a tulip kek >muh real goods I'm a silverfaggot too. More faith in crypto by far, my physical silver is far too manipulated by paper contracts
Jeremiah Powell
read my other post I'm stupid and replied before reading the bottom of your post and realizing you were refuting the tulip meme, not agreeing. I agree with you 100%
Ethan Cruz
>they didn't short on feb 3 despite all the obvious indicators that the crash was just around the corner heh......... learn 2 trade retards.. I knew it was buble froom day1
Jace Wright
haha all good man love ya
Luis Howard
BUY BUY BUY
Easton Mitchell
Blockchain is a human innovation like the invention of the corporation or double entry accounting. It exists now. And its almost certain to be worth a LOT of money in the future.
That is all.
Isaac Baker
Someone should make tulipCoin with the explicit purpose that it is going to become irrationally expensive
Asher White
We already have Bitcoin.
Kevin Miller
Thats what the normies dont get, we are betting on the technology not the coins themselves. and thats why crypto is valuable. gold is backed by gold, crypto is backed by blockchain. the wealth transfer is happening.
Henry Robinson
Normies are here for the quick buck. Who can blame them with this 10000% in a short time frame? You dont really think anyone of them cares about the technology behind it, do you? They cannot even explain a shit about blockchain.
Jason Phillips
But blockchain tech isn't scalable. This is why Bitcoin forked and why there's Segwit and other shit.
Isaac Martinez
just listen to some interviews from vitalik, the guy is not of this earth, the potential of blockchain is greater than just paying one another and he see's that
IOTA is, i forgot what its based upon but its pretty ingenious. is there no way that blockchain could become scaleable for a giant amount of transactions?
Landon Hall
IOTA has a handwritten hash function (HUGE fucking rookie mistake) and an "intentional" backdoor written in by the devs. I like the idea but the behavior of the developers is making me want to not touch it with a 10 foot pole.
