Market cap in 738bn right now, way too much. Almost 10% of the value of all the gold in the world (10Trillion). Bitcoin is a tulip craze. Doesn't mean some won't make bank.
Dude they been making the damn Tulip argument since 2010. The actual Dutch tulip craze lasted less than a year. Anyways, do you know how big the derivatives market is? It's over a quadrillion dollars. Blockchain and crypto are more akin to the invention of the corporation and double entry bookkeeping, it's a new form of organizing capital. It's never going away. It will literally shape the future.
The craze lasted less than a year because tulips were not a revolutionary technology. They were an elastic supply commodity, just like wheat and corn. Bitcoin has an inelastic supply, more like gold...which is just a shiny rock bubble scam that's been going on for 5000 years. ?
Market cap in 738bn right now, way too much. Almost 10% of the value of all the gold in the world (10Trillion). Bitcoin is a tulip craze. Doesn't mean some won't make bank.
Hope the internet ain't down when you need it.
Dude they been making the damn Tulip argument since 2010. The actual Dutch tulip craze lasted less than a year. Anyways, do you know how big the derivatives market is? It's over a quadrillion dollars. Blockchain and crypto are more akin to the invention of the corporation and double entry bookkeeping, it's a new form of organizing capital. It's never going away. It will literally shape the future.
Some people made a shit ton on money in tulips. They probably pumped tulips forever. Looking back we see it was a joke
The craze lasted less than a year because tulips were not a revolutionary technology. They were an elastic supply commodity, just like wheat and corn. Bitcoin has an inelastic supply, more like gold...which is just a shiny rock bubble scam that's been going on for 5000 years. ?