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Comment by hugh3 | Hacker News Reader

Your comic seems to be missing a last panel -- y'know, the one with the punchline. Did you commission it from the writer of Marmaduke?

Is it possible that the number of people saying that bitcoin is a bubble is so high because bitcoin is a bubble? I mean, I'm not sure how anyone could even deny that bitcoin is a bubble -- the best you can hope for is that like gold it's a bubble that never ends. There's only been one of those in human history, though (two if you count silver as well), and it has at least a seven thousand year head start on bitcoin.

Anyway, my response to your comic is this:

http://projectomniscience.blogspot.com/2011/05/aardvarks.htm...

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is it possible that the number of people saying that bitcoin is a bubble is so high because bitcoin is a bubble? I mean, I'm not sure how anyone could even deny that bitcoin is a bubble -- the best you can hope for is that like gold it's a bubble that never ends. There's only been one of those in human history, though (two if you count silver as well), and it has at least a seven thousand year head start on bitcoin.

Is bitcoin a bubble? Not from what I seen concerning economic activities and what users report about themselves.

But can bitcoin fail? Yes. Is it 100% likely to fail? I think not. Is it a good idea to put in a few dollars as a hedge? Yes.

That being said, I am in bitcoin for the long haul, whether or not it ultimately fails, and possibly consequently lose all the value in bitcoin.

The people who put a few dollars in as a hedge are the exact people who are going to lose all their money when it collapses.

Well, they'll say, was only a few dollars.

Ultimately though, you've got got to wonder where all those few dollars went.

Your comic seems to be missing a last panel -- y'know, the one with the punchline. Did you commission it from the writer of Marmaduke?

I wrote the strip, or at least the concept. I commissioned it from an artist called Joey Dangerous and pay the guy in bitcoin.

I think you may have missed the point of the comment to which you were replying. What's the humor of the comic, in your view? I can't discern it myself.

It does seem to need a punchline. Perhaps a zoom out to a larger group of people saying "Bitcoin Rally!" sitting on piles of Bitcoins that they're compulsively counting.

Allegedly, the Iraqi Swiss Dinar is another example of a bubble that didn't crash (it ended in an orderly fashion when its holders were bought out).

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