Tulipmania bitcoin

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Bitcoin: financial revolution or modern day tulipmania? - BBC Newsnight
Bitcoin is programmed in a way that only a maximum of 21 million Bitcoin can be created. This is to keep the �cybercurrency� artificially scarce. Bitcoin: The 21st Century Dutch Tulip Mania. The Amsterdam Stock Exchange (AEX), regarded as the predecessor of contemporary investing, paved. Yes, merchants really did engage in a frantic tulip trade, and yes they paid incredibly high prices for some bulbs. And when a number of buyers.

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And in the pursuit of making an easy profit, the Tulip Bulbs imploded, which points to what is inevitably coming for Bitcoin. Schneider , and journalist Michael Lewis As a result, tulips rapidly became a coveted luxury item, and a profusion of varieties followed. Ignore flower bulbs selling for the price of house in Amsterdam in ; consider Bitcoins with an invented organization with no ownership. If Rosa only has 20 euro left in her account, there is no risk that she will spend those 20 euro five times.