War On Cryptocurrencies [LWN.net]

War On Cryptocurrencies

Posted Jan 12, 2018 16:24 UTC (Fri) by NAR (subscriber, #1313)
In reply to: War On Cryptocurrencies by excors
Parent article: Welcome to 2018

Well, the rise of the tulip bulb prices were also insane :-)

to post comments

War On Cryptocurrencies

Posted Jan 12, 2018 22:07 UTC (Fri) by Garak (guest, #99377) [Link] (1 responses)

was the market cap of tulip bulbs comparative to the market cap of cryptocurrencies? If so, then yes, cause for continued skepticism factor. If not, then it's like comparing apples to oranges, or cryptocurrencies to tulip bulbs as it were.

War On Cryptocurrencies

Posted Jan 12, 2018 22:50 UTC (Fri) by Wol (subscriber, #4433) [Link]

Dunno about the market cap, but, in modern terms just one tulip bulb could be worth about £1/4M. OUCH!!!

(Ten times the salary of a skilled worker, said salary being probably in excess of £25K.)

https://en.wikipedia.org/wiki/Tulip_mania

Cheers,
Wol