Alan on Threads:
Tulip mania is a shitty comparison. You know what you can do when tulips get expensive? Plant more.
If Bitcoin gets more expensive, what can you do? Join the network of miners to mine some.
Except supply is completely inelastic. Double the entire hashrate = still the same amount of Bitcoin comes out. But the difficulty adjustments to maintain the clock means it'll cost twice as much.
Tulips also don't solve Byzantine General's Problem to permissionlessly send value across the globe.
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I thought it was a great answer to someone comparing btc to the Dutch tulip wars