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In reply to the discussion: It seems to me that crypto currency is the new tulip bulbs. [View all]MineralMan
(148,568 posts)59. They generate new bulbs in the ground here in Minnesota.
However, they are much loved by our local rabbits, who keep them in check very nicely. I have a bulb bed along the front of my house. One year, I planted about 150 varied bulbs in it. Many of the plants have now naturalized and are increasing in numbers each year. The tulips, on the other hand, have gotten fewer each year. The rabbits eat them when they are young, but after they bloom. The plant is gone and doesn't generate new bulbs.
Daffodils do very well here. So do giant Alliums. The bulb bed looks different every year.
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They're gonna steal everything they possibly can. That's the only way they know how to be in the world.
Clouds Passing
Dec 10
#2
burning vast amounts of fossil fjuel to solve some imaginary equation may be a cute trick
rampartd
Dec 10
#7
There's a reason gold prices are fairly stable, while crypto and NFT fluctuate wildly
William Seger
Dec 10
#20
Winter's coming...and in Texas, we froze in the dark before Crypto started using mass quantities of our electricity.
surfered
Dec 10
#14
This is a fatally flawed analogy that has been repeated here on DU for well over a decade.
Celerity
Dec 10
#22
"You can purchase things outright with bitcoin without converting the bitcoin to any other currency."
Sogo
Dec 10
#37
The person that accepts bitcoin in exchange for goods or services doesn't have to redeem it in order for the transaction
Celerity
Dec 10
#43
The number of bitcoins is finite. 21 million, of which around 20 million have already been mined. Of that 20 million,
Celerity
Dec 10
#46
More non-responsiveness to my original reply that you replied to (my refutation of the OP's flawed analogy).
Celerity
Dec 10
#60
You are now introducing both labour cost and effort, plus tulips still have inherent non-fungibility.
Celerity
Dec 10
#41
Right now, Crypto is speculative only. Its NOT a currency unless you're a fool
Callie1979
Dec 10
#42