He definitely give me the status quo vibes. And it's not that he doesn't understand it I just think he doesn't want to admit there might be something else out there that's better. His usual go to is, "wasn't that used for buying drugs in the first place?" It's like you realize big corps and mom and pops take it too right?
He’s right about crypto…
As for bitcoin, here’s a whitepaper from Fidelity that may open his eyes a little. But some people just don’t get it, and someone who spent their entire life in the banking system will be even more motivated to maintain the status quo 🤷♂️ Eventually, everyone will get it at the price they deserve.
https://www.fidelitydigitalassets.com/sites/default/files/documents/bitcoin-first.pdf
Discussion
The number one asset used in exchange for illicit activity is and has been the USD. The largest money laundering operation in known history was done by HSBC.
Those are two things the he can't really argue with if he's arguing in his faith.
But, beyond that, for him to have faith in the banking system and fiat is the same mental process as someone having faith in a particular religion. That is to say, they believe, not know, believe. Now, there's nothing inherently wrong with that. But it's very a important thing to remember when discussing the topic with someone like a banker or former banker.
Everything in their experience set supports the existing system. It worked for them. It continually did what they thought it would do. They knew the game, played it well, and it rewarded them. Because of that, when you introduce something to them that challenges that system, they are going to instantly recoil. You're introducing something that challenges something that they have a serious, but possibly subconscious, emotional investment in.
Well put, friend. Thanks for typing!