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A comment on The Tulip Fever Was Exaggerated. Parent comment

Re:The Tulip Fever Was Exaggerated by dvt on Sunday December 17, 2017 @04:24PM (#15947748)
The amount of fraud is staggering; painting the tape is well-documented when it comes to crypto-currencies. I'm not particularly bullish (or bearish) when it comes to BTC, but one thing is obvious: the only value it actually generates is for Russian money-launderers, drug dealers, and other shady agents (hackers, pornographers, etc.)
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Re:The Tulip Fever Was Exaggerated by cgmg on Sunday December 17, 2017 @06:05PM (#15948184)
On the contrary. It generates massive value for people living in countries with unstable currencies and governments. I assume you're living comfortably in a country with a stable currency, but not everyone is.

http://www.cbc.ca/news/world/venezuela-bitcoin-1.4447568

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Re:The Tulip Fever Was Exaggerated by dvt on Sunday December 17, 2017 @09:00PM (#15948859)
This is an extreme edge case (and a commonly used, I would say flawed, argument). The great majority of BTC users/miners are not Venezuelans, Zimbabweans, etc.

Also, implying that BTC is somehow "stable" is extremely misleading.

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Re:The Tulip Fever Was Exaggerated by cgmg on Monday December 18, 2017 @08:43AM (#15951516)
Why is it a 'flawed' argument?

You specifically said 'the only value it actually generates is for X' and I showed that your claim was factually incorrect. Why do you think that is flawed? Because you were wrong?

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