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lame54

(37,209 posts)

47. New cryptos pop up all the time...

Reply to bucolic_frolic (Reply #6)

Tue Dec 10, 2024, 01:23 PM

Dec 10

After centuries of trying they still can't make gold

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It seems to me that crypto currency is the new tulip bulbs. [View all] Sogo Dec 10 OP

Vaporware...nt Wounded Bear Dec 10 #1

They're gonna steal everything they possibly can. That's the only way they know how to be in the world. Clouds Passing Dec 10 #2

Except that there were some actual tulip bulbs. MineralMan Dec 10 #3

burning vast amounts of fossil fjuel to solve some imaginary equation may be a cute trick rampartd Dec 10 #7

Yup! MineralMan Dec 10 #16

Yep! Would love to see Musk invest 100% of his Billions in it! bluestarone Dec 10 #24

the feverish desire for Tulips... GiqueCee Dec 10 #25

Crypto currency and Tulips do have something in common. MineralMan Dec 10 #29

I've got a banana taped to a wall, which I'd be happy to sell you Seinan Sensei Dec 10 #32

Gold is valuable. Tulip bulbs are pretty much junk after one season. LeftInTX Dec 10 #34

Gold's value is arbitrary, as well. MineralMan Dec 10 #45

Gold is more or less permanent. Tulips rot! LeftInTX Dec 10 #50

Gold is static. Tulips grow and increase in numbers. MineralMan Dec 10 #54

If you have the right growing conditions! LeftInTX Dec 10 #56

They generate new bulbs in the ground here in Minnesota. MineralMan Dec 10 #59

I think perhaps intrinsic value... GiqueCee Dec 10 #48

Yes. Gold has uses, of course, but mostly it has been used for decorative MineralMan Dec 10 #49

My wife loves gold and diamonds, too... GiqueCee Dec 10 #52

They can also be very rewarding. Treating wives well is a good idea. MineralMan Dec 10 #55

Muskrat and ReallySlimy . . . CousinIT Dec 10 #4

The whole thing seems to be a figment of gamer's imaginations peregrinus Dec 10 #5

Crypto, NFT's, and gold are similar bucolic_frolic Dec 10 #6

There's a reason gold prices are fairly stable, while crypto and NFT fluctuate wildly William Seger Dec 10 #20

Gold has actual physical uses, though, unlike crypto and nft's The Madcap Dec 10 #21

Silver, even more so. DinahMoeHum Dec 10 #39

New cryptos pop up all the time... lame54 Dec 10 #47

except people actually use Crypto -its not just a flower to look at Blues Heron Dec 10 #8

Yep, it's just the thing for untraceable transactions William Seger Dec 10 #18

Trump is bringing in One World Government and Emile Dec 10 #9

Magic Beans FalloutShelter Dec 10 #10

Beanie Babies! N/t TexasBushwhacker Dec 10 #33

Yes wryter2000 Dec 10 #11

Yep! Rebl2 Dec 10 #12

Crypto is 'god' currency...it really doesn't exist unless you believe in it... MiHale Dec 10 #13

Winter's coming...and in Texas, we froze in the dark before Crypto started using mass quantities of our electricity. surfered Dec 10 #14

POOF............... Historic NY Dec 10 #15

Yes...this PortTack Dec 10 #17

The difference is that one can understand tulips. Crypto is Bullshit NewHendoLib Dec 10 #19

This is a fatally flawed analogy that has been repeated here on DU for well over a decade. Celerity Dec 10 #22

It has no value until it is converted into actual Klarkashton Dec 10 #26

Non responsive to my critique of the OP's flawed analogy, plus this: Celerity Dec 10 #35

"You can purchase things outright with bitcoin without converting the bitcoin to any other currency." Sogo Dec 10 #37

The person that accepts bitcoin in exchange for goods or services doesn't have to redeem it in order for the transaction Celerity Dec 10 #43

Eventually.... ProfessorGAC Dec 10 #40

The number of bitcoins is finite. 21 million, of which around 20 million have already been mined. Of that 20 million, Celerity Dec 10 #46

Yes, I Saw That... ProfessorGAC Dec 10 #57

It's a trade, it assumes that the Bitcoin has a dollar Klarkashton Dec 10 #58

More non-responsiveness to my original reply that you replied to (my refutation of the OP's flawed analogy). Celerity Dec 10 #60

It gets tiring having to explain it again and again...oh well. masmdu Dec 10 #27

" It gets tiring having to explain it again and again...oh well." Sogo Dec 10 #38

Plant one homegirl Dec 10 #30

You are now introducing both labour cost and effort, plus tulips still have inherent non-fungibility. Celerity Dec 10 #41

Tulips are not well adapted long term to NW Europe or the Eastern US. LeftInTX Dec 10 #51

Think Enron Basso8vb Dec 10 #23

it's also the biggest waste of energy on the planet Mr. Sparkle Dec 10 #28

Anyone remember the Beanie Baby craze? Maeve Dec 10 #31

Wait until they start pushing TrumpCoin Diraven Dec 10 #36

Right now, Crypto is speculative only. Its NOT a currency unless you're a fool Callie1979 Dec 10 #42

There is a big issue of TRUST, or lack thereof. . . DinahMoeHum Dec 10 #44

Tulip? Its more like a Corpse Flower. C_U_L8R Dec 10 #53

As I said before, it's hopeium nitpicked Dec 10 #61