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RE: Nobel Winner : BITCOIN will "completely crumble", even if it lasted 100 years!
Hi @mitarticle, you are mentioning about a tulip mania in the 1940s. What exactly do you mean by that? The tulip mania I've heard of was in the 1600s see wiki. The only tulip related thing I know of happening in the 1940s was the hunger winter of 1944 -1945, when the Dutch were forced to eat tulip bulbs due to the lack off food in WWII see wiki.
Sorry, I obviously meant that Robert Schiller is referring to a 1940s tulip mania. Any idea what he is talking about?
Hey @michelmake and thank you for your comment:)
Schiller meant with the ballet comparison with the so-called "Tulip Bubble" saying that the bitconfig has no value outside of a common consensus that has a real value making it different from gold and other commodities.
@mitarticle