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There’s a chart that shows the life expectancy of fiat currencies.

It spans from a couple of decades to I think maybe 250 years.

There is a fish “what the hell is water” bias that most people have with government money (and more broadly the idea of nation states) that perpetuates the idea that government money has always been and will always be.

I say this to contrast this with commodity money that has been with us for a while and only through coercion has been replaced.

Bitcoin has the potential to resist the gold issue and can be here long term.

I know you know this already. Boomers are particularly challenging around the Bitcoin thing. Almost an automatic knee jerk rejection that would make any member of the Fed say “take it easy” (unless they too are a boomer).

GigaBTC 🌽⚡️🔑 2y ago

It’s true. They were the beneficiaries of the debasement of our currency and as a result many believe they are geniuses that always identify the winners.

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Discussion

Steven Day 2y ago

Yeah. I see it as they at up the pyramid of the ponzi from us.

They got fucked or are getting fucked. Some more than others but overall not as much as, say, millennials.

They lived through the inflation of the 70s and were trained to believe it’s as natural as physics.

They’ve also lived through the gross overgrowth of centralized western governments and probably accept that it just gets more centralized.

This is why you might hear from the most sympathetic detractor that “oh but the government will just ban it and take it away”.

I don’t blame boomers directly as the seed of bad incentives were planted when their grandfathers were in their prime (1913) and like how our fiat news tells us to consume and use credit, they were incentivized in their own habits.

Lol also everyone’s a genius in good times. Even is Bitcoiners when we were edging $70K!