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RE: Bitcoin Bashing - Will It Ever Stop?
I wonder when they will ever stop this stupid comparison with the tulip craze. A tulip cannot meet the requirements of being a medium of exchange or a store of value, just like seashells, horns or gold and silver, because it is perishable, dis-uniform, undividable...One could barely find any function of a tulip to become a currency.
As a normal commodity, the use value of a tulip is limited, as it can only be viewed or planted. In other words, even if an enterprise is established to produce and sell tulips, its profit and cash flow are very limited. Not all people appreciate tulips. When the price of tulips highly exceeded the balance of supply and demand, a plummet was inevitable.
It seems the 'hit piece' aspect in these articles is more important than putting in some clear and logic thinking. But they do shape public opinion and that is why I keep responding to them.
We need better money and I do not want this opportunity for one step forward wasted by sloppy thinking. Especially the Gold crowd should know better. Very disappointing.
Thanks for your response. Food for thought.