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The Real Story of the Dutch Tulip Bubble?

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Re: The Real Story of the Dutch Tulip Bubble?

#41
post #7

Earlier quoted context omitted.

I had a similar qualm, but this summarizes it better: "The story of the tulip bubble boils down to a story of fools and greed, Goldgar says. And that’s why it sticks with us." There's something about reducing this to just greed. What I personally want, is a story that can contextualize that greed better, explore it more, and not just end with "that's greed for you" (paraphrasing).

Exactly. It's a complete mischaracterization to call every stock market boom and bust cycle a result of "greed," and yet people refuse to stop doing so. I guess it creates a sense of moral outrage, and makes readers feel righteously justified.

I was having trouble putting this into words, but now after having a think, I liked when Goldgar got into the historical context of the crisis. To heavily paraphrase, in that stratified society, speculation appeared to be a way to climb the social ladder. The article's author, the one quoting Goldgar, obviously didn't interpret it this way.

I'm not saying Goldgar sees the tulip bubble that way, or that it's a historically accurate narrative, but it's miles better than saying it was caused by "fools and greed", which is similar to saying that something was caused by evil. I guess my principal point is that stupidity, greed and evil are fundamentally socioeconomic symptoms, in that they are not explanations of themselves.

Re: The Real Story of the Dutch Tulip Bubble?

#42
post #3

The best reference of the Tulip bubble I heard on business news was a guy saying, "Bitcoin is giving tulips a bad name" Just goes to show how crazy a ride bitcoin has had in historic terms. https://www.marketwatch.com/story/why-bitcoin-is-now-the-big...

"Eschew flamebait. Don't introduce flamewar topics unless you have something genuinely new to say. Avoid unrelated controversies and generic tangents." The interesting thing here is the history of the tulip bubble, not another Bitcoin war. https://news.ycombinator.com/newsguidelines.html

Wasn't trying to flame up anything. The article mentions “And in 2019, when you hear people complaining about Bitcoin and warning about it, what you are hearing are the voices of people in 1637 saying: you shouldn’t be involved in this trade. You’re the wrong person, you don’t know enough.”

Was just adding other similar references I had heard before. I'm new to HN, are there a list of flamewar topics I can look up for next time?

Re: The Real Story of the Dutch Tulip Bubble?

#43
post #35
post #20

Earlier quoted context omitted.

Alright, we'll take that bit out of the title above.

"All: could you please not take this thread into Bitcoinland?" Is that what all are saying? Or is it an instruction to us all?

The latter. It's a device I use to address everybody reading the thread.
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