News for hackers. Stuff that matters.

A comment on Long Island Iced Tea Soars 500% After Changing Its Name to Long Blockchain. Parent comment

Re:Long Island Iced Tea Soars 500% After Changing Its Name t... by andrewmcwatters on Thursday December 21, 2017 @10:52AM (#15979636)
Saying it's meaningless is just being obtuse. History shows these economic bubbles don't happen every day, and there's something for people to learn here if they haven't experienced one or heard stories from friends or family that have.

> We saw it yesterday. We saw it last week. And a few months ago. And in 2016, and 2014, and 2012.

You do realize that economic bubbles rise and fall in the span of years, right? This isn't going to inflate and then pop next week.

[ Parent | on HN ]
Re:Long Island Iced Tea Soars 500% After Changing Its Name t... by moduspol on Thursday December 21, 2017 @10:59AM (#15979710)
They don't need to read about tulip / dot-com bubbles in every single thread. It's not as if this viewpoint is novel, or some kind of secret. We get it.

> You do realize that economic bubbles rise and fall in the span of years, right?

Yes. And everyone making these bubble / tulip comparisons should acknowledge how the view is unfalsifiable.

[ Parent | on HN ]
Re:Long Island Iced Tea Soars 500% After Changing Its Name t... by andrewmcwatters on Thursday December 21, 2017 @11:42AM (#15980291)
Yeah, people get it; which is why people are talking about it in the first place, how dense can you be?
[ Parent | on HN ]
Re:Long Island Iced Tea Soars 500% After Changing Its Name t... by moduspol on Thursday December 21, 2017 @11:50AM (#15980384)
We don't need it in every thread.

Cryptocurrencies and blockchains are significant technological innovations. There is more to discuss than making the same tired tulip comparisons.

[ Parent | on HN ]
Re:Long Island Iced Tea Soars 500% After Changing Its Name t... by spookthesunset on Thursday December 21, 2017 @02:13PM (#15981859)
> Cryptocurrencies and blockchains are significant technological innovations.

Hardly. The Blockchain uses the same kind of underpinnings as git. In fact, for many applications git might even be a better data store than The Blockchain--it doesn't require a bajillion miners consuming several hydroelectric dams worth of power to stay online.

[ Parent | on HN ]