Replying to Avatar waxwing

https://youtu.be/3Iv-qqVNPAc

This guy's videos are usually about general politics and economics ( he isn't focused on Bitcoin per se) with a particular focus on Spain.

Why I bring it up: the comments on his analysis of Bitcoin's rise w.r.t. government money printing and so on, are striking.

A *large* number talk about how it has no value so it can't be anything else than a bubble. Even mention of tulips in there.

Don't underestimate the extent to which a very large proportion of people will *never* change their mind about this, no matter how long it survives.

Many in the older generation struggle to mentally grasp the idea of an abstraction functioning as a protocol, and how powerful it is. It's more difficult than we might imagine for people to understand such concepts. It just takes time, it's still early.

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I guess my surprise is that people were thinking and talking this way in 2012-2014. Nobody is just hearing about it now for the 1st time.

My personal experience is that the older generation gets it faster than the younger. They know what inflation does to their life savings. They actually think about generational wealth when the younger ones did not think about getting kids.