The South Sea Trading Company is another good one for old timey financialization + crash, that one reminds me of crypto especially the zero connection to reality or a real use case.
I don't think the SSTC is a good comparison to crypto because it's value came from a monopoly guaranteed by the government. Now granted it was a monopoly on nothing, but in a way people were buying it on the good faith of the British Empire.
The South Sea Trading Company is another good one for old timey financialization + crash, that one reminds me of crypto especially the zero connection to reality or a real use case.
I don't think the SSTC is a good comparison to crypto because it's value came from a monopoly guaranteed by the government. Now granted it was a monopoly on nothing, but in a way people were buying it on the good faith of the British Empire.
That's true.
SSTC is more like $TSLA