Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

To: bananaman22

And the landscaping is just lovely. Lots of tulips.


2 posted on 05/14/2018 8:35:35 AM PDT by robroys woman (So you're not confused, I'm using my wife's account.)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: robroys woman

I have heard the Tulip analogy with Bitcoin before, but i have a hard time thinking it applies.
Tulip bulbs are perishable, meaning not durable as a store of wealth long term, and tulips could be mass produced.
Bitcoin in cold storage is indestructible unless you lose the keys, which is easily backed up and hidden anywhere.
And unlike most any other thing in the world, Bitcoin cannot be mass produced; there will only ever be 21 million produced over the next 60 years. Its scarcity exceeds even gold.. It is also more easily divided and transported than gold.

Don’t get me wrong, it still can fail, but it also be a “disruptive” technology that could transform international financial transaction.


7 posted on 05/14/2018 9:08:21 AM PDT by Wildbill22 ( They have us surrounded again, the poor bastards- Gen Creighton William Abramsp)
[ Post Reply | Private Reply | To 2 | View Replies ]

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson