Capital Market Evolution 1602–1720

The Modern Era
Tulipomania
  • You could fork bitcoin in many variances just like you can produce many different tulips
  • Both witness huge market speculative bubble
  • Is the underlying technology that as a true utility
  • Both as no intrinsic value beyond self-observation

The similarity between the South Sea Company and the ICO world is more than fascinating, history is been rewritten chapter by chapter.

Here a common list of all common similarity:

  • Both did dubious pivot, for the SSC that was the slave trade
  • Insider trading is rampant (pump and dump) with other dubious activity like wash trade and market spoofing
  • Venture capitalist did play the same role as the British aristocracy play inside the SSC bubble
  • As for regulation we are now into a wait and see approach, we hope to not see something horrendous like the 1720 Bubble Act that put a +100 years hiatus on IPO from 1720 to 1844

Data Driven Investor

from confusion to clarity, not insanity

Bruno Cecchini

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We build Distributed Collaborative System (DCSs)

Data Driven Investor

from confusion to clarity, not insanity