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0 sats \ 0 replies \ @fourrules 1h \ parent \ on: Bitcoin Is Starting to Look Like a Digital Tulip bitcoin
What shocks me is that they don't ever bring up Albania early-90s, they always talk about tulips.
I suspect that tulips sounds more pejorative, ridiculous, and Albanian Ponzi mania is sufficiently recent and well studied that they'd have to explain what they mean by the parallels, which would open up the discussion to the definition of a security. That would not be convenient for their argument, so they don't bring up the comparison.
It's a shame because Albania early-90s is very much relevant to the crypto scams and ICO bubble, NFTs and shit, but they don't want to support any distinction between bitcoin and crypto.