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A comment on Cryptocurrencies are the tulip mania of the 21st century. Parent comment

Re:Cryptocurrencies are the tulip mania of the 21st century by justin66 on Tuesday September 19, 2017 @03:56PM (#15288231)
> Tulip mania was caused by the government changing futures contracts into options. The mania happened in these financial instruments, not actual tulip bulb prices.

This is obviously wrong: even accepting the premise of Thompson's paper, the popping of the bubble is blamed on what you've referred to but the mania (the inflated asset prices) existed for a very long time prior to that. In retrospect, the method of popping the bubble is really the least interesting part of that whole phenomenon (it's a given that those prices were going to crash) although I'm sure the people who experienced it did not feel that way.

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Re:Cryptocurrencies are the tulip mania of the 21st century by stretchwithme on Wednesday September 20, 2017 @03:00AM (#15291387)
It doesn't seem to have gone on for very long to me:

http://www.thebubblebubble.com/wp-content/uploads/2012/05/Tu...

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Re:Cryptocurrencies are the tulip mania of the 21st century by justin66 on Wednesday September 20, 2017 @08:41AM (#15293064)
Stipulating for the moment that that chart is a chart, the phenomenon you sited as causing the tulip mania would have had to travel backward in time at least a year in order to do it. Perhaps we should agree that that is not reasonable.

(I agree with your more important point that tulip mania and bitcoin are quite different)

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