Not a single tulip. The bulb. The best new tulip line from which the latest product in a hot market could emerge.
What would it be worth to have the production capability for and exclusive sales rights for the latest iPhone?
Tulip mania: when a single flower was worth more than a house (2025)
131–135 of 135 posts
Re: Tulip mania: when a single flower was worth more than a house (2025)
#132Earlier quoted context omitted.
Exact same argument for crypto though. It is all just supply demand. BTC has much more demand currently and likely more sustainably. Alt coins are just less popular. It is all just supply vs demand.
Not really though, in crypto the thing you own is the ledger entry, the record that says you hold N BTC. You own it because you hold the keys, and only the keys can change it. The token isn't a pointer to some asset sitting elsewhere, the on-chain entry is the asset. NFTs use the same machinery but the premise is that you own something else, e.g. an image (or real estate!) but nothing on-chain actually grants that ow…
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Re: Tulip mania: when a single flower was worth more than a house (2025)
#133Earlier quoted context omitted.
The Hunt Brothers (re)learned this with silver in the 70's. (80's?)
what happened with the silver rule 7 is different from the tulip craze. Hunt brothers buy a bunch of silver, lots on margin (bank borrowed), government saw what was happening and literally changed the rules of the market to force them to mass liquidate when they couldn't meet a margin call (all of the sudden). https://en.wikipedia.org/wiki/Silver_Thursday
Having perhaps only a thin understanding of the Hunt births legacy, I was remembering that as silver was bought up, suddenly formerly unprofitable silver mines were reopened, people who had silver began to sell, etc. Suddenly we came to find there was a lot more silver than the Hunt brothers had cornered and the price crashed.
(But I'll (re)read the history in the Wikipedia link, thank. ;-))
Re: Tulip mania: when a single flower was worth more than a house (2025)
#134Earlier quoted context omitted.
what happened with the silver rule 7 is different from the tulip craze. Hunt brothers buy a bunch of silver, lots on margin (bank borrowed), government saw what was happening and literally changed the rules of the market to force them to mass liquidate when they couldn't meet a margin call (all of the sudden). https://en.wikipedia.org/wiki/Silver_Thursday
Having perhaps only a thin understanding of the Hunt births legacy, I was remembering that as silver was bought up, suddenly formerly unprofitable silver mines were reopened, people who had silver began to sell, etc. Suddenly we came to find there was a lot more silver than the Hunt brothers had cornered and the price crashed. (But I'll (re)read the history in the Wikipedia link, thank. ;-))
While that was true, that was a negligible effect. Silver mining production stopped because ore purity became (and remains) low. Consider the now times of refiners no longer accepting less that pure silver, sterling, constitutional, 80%, 40% isn't getting refined currently due to a massive backlog (read: demand for silver). Reopening mines (and purifying ore to pure silver) remains unlikely in the near future because of this backlog. The core demand for all this silver currently is AI datacenters. There is also a weird acid shortage that's preventing refining from operating at full capacity too.
Lots of weird things happen with silver right now. Even weirder things when you go digging behind the curtain. Even a simple question about 'how much silver exists' is weirdly obscured (we've consumed {rendered into a state where it would be uneconomical to refine it back to pure silver} a substantial portion of the above ground supply). And with backroom whispers of silver confiscation (to fuel AI-datacenters)... lots of 'boating accidents' are being reported.
The history of silver, and pricing on the market gets muddy and grimy, with a lot of perverse incentives.
Re: Tulip mania: when a single flower was worth more than a house (2025)
#135Earlier quoted context omitted.
Obviously, you can sell one for a lot of money. Now assuming you couldnt resell it, would you spend the majority of your wealth to buy a monet? (Assuming you arent broke)
Assuming I could not resell the Monet, which sounds strange, I would still prefer it over the Bored Ape Yacht Club NFT, which is more likely to be hard or impossible to sell, and which is pure crap.
That wasn't my question :). You aren't hurting me by insulting Bored Ape Yacht Club NFTs, I also think they are stupid.