That's really true. Best to keep it a secret.

They can be as mad as they want. At least the cost of Bitcoin goes up because it's a net good in society rather than a subpar cash equivalent in an economy where all the money is fake.

At least they’ll grow up with cheap houses. I think the next generation is going to get it.

Especially how mad they'll be at the parents that didn't get it cheap.

Every adult alive today had a chance. The kids who grow to understand it will blame their parents but they’ll still be far better off joining the network than bitching about it.

nostr:note1q7ks3myalt532kygz8ptl3t045t5lveql42pvyrk6nt2880h44pqchv8x0

my baby boomer parents got their original house in the 1960s for under 15k $ CDN

they sold it for a lot bought a better one, sold that for at least 300k in the early 90s and downsized.

my husband and I started off with a house in the late 90s for way too much money and no help from either of our parents and still have a mortgage. he will be working til he is 70, at least. my parents had no mortgage by their 40s, did not help me or my brother, and wasted money on gambling trips to Nevada, the casino at home in BC, boozing, and overconsumption of everything they could. one is still alive, the other is dead.

meanwhile in the late 80s and early 90s, GenX young adults walked into a work force dominated by baby boomers who had all the jobs. many of us had to wait to get started.

It's worse for Millennials but both are suffering from the results of the most ignorant, entitled and wasteful generation.

thankfully I spent a lot of time with my grandparents and other family who were adults during the wars.

the current devaluation of money due to heavy government spending to support social programs the baby boomers set up is appalling.

I suppose I could be bitter about it but I am not. It's just the situation that we have as a result of people's choices from before. that doesn't excuse the extreme selfishness of baby boomers. it is how it looks. most of them won't admit what they have created, at least the baby boomers that I have known won't.

my grandparents on my mother's side saw the writing on the wall, spoke out about it, and warned their kids. i listened. my parents did not.

the best generation followed by the worst.

don't rely on most genXers either. most that I know are more like my parents than I ever was or will be. my genX neighbours are mostly appalling, and routinely say things like "I'd rather not know", when confronted with reality. just like their baby boomer parents.

taking responsibility is the beginning. copping to our own part we play in the world is important.

#genX #story #truth

Amen

I don't think that will be the view point of the future generation. They might be amazed at, say , our salaries in Bitcoin terms, but when they start accumulating, they'll just be saving in a currency that cannot be debased. They'll grow up with the notion that saving for tomorrow is far more valuable than spending for today. Do not under estimate what that benefit unlocks. We might see the dollar value of our holdings rise a lot more than them, but they'll be living in a world where the true benefit of Bitcoin is realized. I envision that world to be much better than the one we live in today

Dang good point

Sure some will be mad

But they’re fundamentally different

👆🌽

The beauty is the growth of the network has been constant over the last 12 years, after accounting for a 10% drop in the trend line's position on the Y axis due to the COVID global market crash, and a whopping 72.6% drop in the trend due to China banning Bitcoin mining in the middle of the bull run (costing Bitcoin significant support and momentum). The more I refine my model the more confident I am in this.

1.002046 is my current daily average growth rate calculated over time, refined further from my earlier calculation of 1.00203, this is constant outside of major macro events. Using this daily growth rate starting at a trend line bottom price of $50 in July 1st 2013 and simply shifting the trend line down 10% in March 2020 and down another 72.6% in May 2021 and we have an incredibly strong bottom that is only broken 130 or so days out of the last 4300 days since July 2013. With the price living within 60% of the trendline 53% of the time.

Once people understand that the system is fair even in when you get in, that you'll experience the same rate of growth as those who joined in 2013, there will be no resentment like with housing. Their savings all also grow by about 110% a year if they simply purchase when it's close to the trend and they hodl long term. 😊

'unfairly early'