How much would you pay for this tulip bulb? You plant them in the ground, and a tulip grows up. They’re not seeds, though! Instead, there’s a little baby tulip plant in there—the whole thing, including a flower bud, leaves and roots. The super-thick leaves are called scales, and that’s where the food is stored. There’s a thin outer covering called a tunic that protects everything inside.
That's the great thing about cautionary tales like those written by Aesop around 2500 years ago: all you have to do is warn everyone once, and then, poof! problem gone.
AI itself, like autonomous agents fiddling with markets by buying/selling, or AI itself like a bubble based on the tech? Either way, I think it's possible!
Yes, the Tulip Mania episode has been exaggerated, especially the economic consequences for Holland! But I hope I didn't give that impression at all. This was no South Sea Bubble.
Those Non-Fungible-Tulip collectors, so silly! We can only laugh at them from here in the future, where nobody is blindly chasing shiny objects.
That's the great thing about cautionary tales like those written by Aesop around 2500 years ago: all you have to do is warn everyone once, and then, poof! problem gone.
I'm just dropping in to say that tulips are my favourite flower and I would be all in favour of using them as the official currency of the realm.
Me, after buying a five bucks tulips bouquet at the corner store: "I possess richness unknown to even kings of the past."
That's me every time I use a smartphone or air conditioning!
If you were rich and Dutch << I only got the second half there. XD
You have one more half than I have!
I wonder if AI itself will create a financial bubble. If there’s one thing we humans love, it’s a shiny new toy!
AI itself, like autonomous agents fiddling with markets by buying/selling, or AI itself like a bubble based on the tech? Either way, I think it's possible!
Everyone should read the below about Tulip Mania:
An alternate truth: There Never Was a Real Tulip Fever
https://www.smithsonianmag.com/history/there-never-was-real-tulip-fever-180964915/
And always remember.
History is not what happened but what is written down - Kathleen McGowan
Yes, the Tulip Mania episode has been exaggerated, especially the economic consequences for Holland! But I hope I didn't give that impression at all. This was no South Sea Bubble.