<story><title>Tulips, Myths, and Cryptocurrencies</title><url>https://stratechery.com/2017/tulips-myths-and-cryptocurrencies/</url></story><parent_chain><item><author>pishpash</author><text>But they have inherent utility unlike Bitcoins.</text></item><item><author>dade_</author><text>Tulip bulbs aren&amp;#x27;t liquid, don&amp;#x27;t fit in my wallet and only last 12 months.</text></item><item><author>xiaoma</author><text>The comparison with the internet of 20 years ago is a good one.&lt;p&gt;Much like the internet did then, crytpo-currencies now draw an assortment of technologists, anarchists, bankers and futurists. There&amp;#x27;s also a wildly optimistic bull case to be made and it&amp;#x27;s very difficult to determine a reasonable valuation.&lt;p&gt;In contrast, tulips weren&amp;#x27;t a new technology, they had no power to change the world&amp;#x27;s business or social graph and a radically new tools couldn&amp;#x27;t be build on top of them.</text></item></parent_chain><comment><author>RealityVoid</author><text>Really? What is their inherent utility? Looking pretty? I&amp;#x27;m pretty sure a stronger case can be made for bitcoin&amp;#x27;s utility than than.</text></comment>
<story><title>Tulips, Myths, and Cryptocurrencies</title><url>https://stratechery.com/2017/tulips-myths-and-cryptocurrencies/</url></story><parent_chain><item><author>pishpash</author><text>But they have inherent utility unlike Bitcoins.</text></item><item><author>dade_</author><text>Tulip bulbs aren&amp;#x27;t liquid, don&amp;#x27;t fit in my wallet and only last 12 months.</text></item><item><author>xiaoma</author><text>The comparison with the internet of 20 years ago is a good one.&lt;p&gt;Much like the internet did then, crytpo-currencies now draw an assortment of technologists, anarchists, bankers and futurists. There&amp;#x27;s also a wildly optimistic bull case to be made and it&amp;#x27;s very difficult to determine a reasonable valuation.&lt;p&gt;In contrast, tulips weren&amp;#x27;t a new technology, they had no power to change the world&amp;#x27;s business or social graph and a radically new tools couldn&amp;#x27;t be build on top of them.</text></item></parent_chain><comment><author>jikachu2</author><text>Nothing has inherent utility.&lt;p&gt;Utility&amp;#x2F;value is relative - maybe a tulip is worth something to you, but it&amp;#x27;s not worth anything to me.</text></comment>