Shocker. At least tulip bulbs could be planted.
> In addition to the rationing system, the government provided food through soup kitchens in the cities. As the intensity of the famine increased, the reliance on soup kitchens increased. In April 1945, 1.8 million people in the cities were served daily. One pint of soup per person was the normal ration. The quality of the soup deteriorated over time and some people considered it inedible. The caloric content of a soup ration diminished from 483 calories to 268 calories. The soup served was often made from sugar beets, tulip bulbs, and potato peels. Pet dogs and cats were sometimes eaten.
Wow...
A captain, back from a long voyage, therefore oblivious to the bulb bubble, received his payment served on a plate, then proceeded to eat it.
a13z's continued insistence that bits of data are in fact a "digital asset class" just slays me.
To parallel with videogames, the dominant game of capitalism has been captured by a small group of griefers using glitches and exploits to win.
If you are unable to do that, then you implicitly agree, as pretty much everyone does now, that bitcoin has an intrinsic market value that will remain over an indefinite time horizon
So you can take advantage of the market? No way, only insiders are allowed to do that.
I could change your question: Do you think possible that the value of bitcoin will go to zero?
If yes, you implicitly agree that it's fueled by speculation and a Ponzi scheme that needs a constant influx of fresh, if boring, fiat currency.