Tales from the crypto

in #crypto7 years ago

The rise and fall of bitcoin

Investors in bitcoin are learning some very old lessons

THE great Sir Isaac Newton may have revolutionised our knowledge of the world but he still had his blind spots. He was sucked into the great mania of his day, the South Sea Bubble (pictured) and lost a lot of money. “I can calculate the motion of heavenly bodies but not the madness of people,” he ruefully reflected. In retrospect, he should have pondered the popular saying that was used to define his law of gravity: “What goes up, must come down.”

Read article:
https://www.economist.com/blogs/buttonwood/2018/01/tales-crypto-1

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