The Dutch tulip mania in the 1630’s set the standard for monetary excess. At its height, one could buy a mansion on the Amstel in exchange for one tulip. In great contrast to Bitcoins, Tulips capture carbon. They are also beautiful, and fragrant when in shades of orange and apricot. Bitcoin holds no visual or monetary appeal. Even the intellectual merit of Bitcoin’s blockchain protocol dims in contrast to its technological imperfections and its nefarious environmental impact, not to mention that it has struggled to find an actual use – indeed, its proponents increasingly claim it was never meant to be a currency, but a store of value. I have no doubt that Bitcoin’s price will eventually converge with its value, which lies between zero and an important negative amount should its associated carbon emissions ever be accounted for. The most financially-savvy expert on Bitcoin seems to agree – upon its IPO, Coinbase’s CFO Alesia Haas proceeded to sell not just as many shares as she could, but every single share that she owned. She sounds like a brilliant woman who can well appreciate a tulip.
Eulogy made by James Rasteh
Source
99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.
Free Bitcoin Crash Course
- Enjoyed by over 100,000 students.
- One email a day, 7 days in a row.
- Short and educational, guaranteed!
Why you can trust 99Bitcoins
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
Weekly Research
100k+Monthly readers
Expert contributors
2000+Crypto Projects Reviewed