Just like a bunch of pump and dumps... before they went down for the last time.
I’m not taking a stand on crypto here, just pointing out a logical fallacy, namely, the data is incomplete and we don’t know the future.
I’m not taking a stand on crypto here, just pointing out a logical fallacy, namely, the data is incomplete and we don’t know the future.
1. Created in 1792
2. Gold standard in 1900
3. Abandoned gold in 1971
Not sure at what point USD was no longer a logical fallacy. If it's the 1971 non-gold-standard dollar to now, then it's exactly 50 years as of now. Or for the full history of the dollar it's 229 years.
And the South Sea company collapse far beyond its founding _definitely_ had ramifications.
"contract prices for some bulbs of the recently introduced and fashionable tulip reached extraordinarily high levels, with the major acceleration starting in 1634 and then dramatically collapsing in February 1637"
Their popularity and cultivation in the United Provinces (now the Netherlands)[32] is generally thought to have started in earnest around 1593 after the Southern Netherlandish botanist Carolus Clusius had taken up a post at the University of Leiden and established the hortus academicusIt didn't for Cisco.