Way back before the internet was flooded with expensive JPEGs of chimps, there was the tulip boom. In the 17th century, tulips became one of the most valuable assets on the planet. Until they weren't.
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Sam: When was this in the 1600s?
Matt: Yeah, around the early 17th century.
Sam: Tulips for whatever reason became almost like a currency.
Matt: The experiments and genetics were taken off at that point. And you could, you know, get certain specialty types of tulips. And from around and also you have British exploration so they're getting tulips and different types of things from all sorts.
Emma: In terms of the color?
Matt: Yeah exactly. the color. the structure. and so people went crazy.
Sam: They went crazy for them. And they became like you know sort of like gold. I mean they became incredibly valuable. and I don't know exactly how it worked. Tulips don't maintain themselves. For next you know but you know back. the seeds do. And so there was a period where there was just this massive market for tulips. And then all of a sudden there wasn't.
Emma: Sounds like the crypto boom.
Sam: Well that's why I raised that now. yeah I mean look the bottom line is I think like i i don't think there's anything inherently wrong with crypto. and I can imagine that there's going to be they're going to find some very good uses for blockchain technology that won't involve silly pictures of an ape or something like that.
