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1. Santa Claes 🇸🇪🇭🇰🎅 (clacke@libranet.de)'s status on Tuesday, 14-Nov-2023 02:28:39 UTC Santa Claes 🇸🇪🇭🇰🎅

   in reply to

   • Glenn
   • spaf
   @glennsills @spaf That's why the unit is fixed at tulips as of the year 1637.
   • Glenn (glennsills@dotnet.social)'s status on Tuesday, 14-Nov-2023 02:28:43 UTC Glenn

     in reply to

     • spaf

     @spaf Nah man you *say* that "1 crypto coin == 1637 tulips" but that depends on how many idiots are willing to buy tulips at the moment you want to buy something with your crypto. Sometimes the idiots get spooks and the price of tulips go way down an a crypto coin might be worth 1 million tulips.but when Musk posts something pro-tulip on x/twitter, the ratio might be 100 crypto coins = 1 tulip. So the value of a crypto coin is dependent on level of trading by idiots at any particular moment.

   • spaf (spaf@mstdn.social)'s status on Tuesday, 14-Nov-2023 02:28:48 UTC spaf

     Brief reminder on cryptocurrencies.
     When trying to understand any form of cryptocurrency, understanding valuation relative to something similar is useful:
     1 crypto coin == 3 Dutch 1637 tulips == 1/2 unicorn horn == 0.1 the Carnwennan dagger == 1 vial with 5 mermaid tears == 1/3 scroll of invisibility to dragons

     Those are approximate as the value of each frequently changes from 0 to multiples of the square root of -1. For the most up-to-date values, check with the clerks at Gringotts.