Ok, So bitcoin is only 14 years old. If you were born 14 years ago, And immediately started working and saving your money, You saw no effect from inflation on the money you saved. If you were alive from 1973 to date you saw the close of the gold window, Where Richard Nixon took the US off the gold standard and money in the United States became superfluous. There was 40 years of inflationary lending, Where only in the US could you borrow money against your assets and always re-qualify for more debt when it was time to pay the bill. The boomer generation unknowingly sunk the US into this debt trap out of a helpless dependence on this perpetual debt cycle, And all was fine and well until 2008, When many working class people dependent on this debt cycle to continue defaulted on their home loans and ended up homeless. Since 2008 things have become much worse. Although wages have increased, They do not translate to outpacing inflation. The cost of living has risen in lock step with wages. Housing has become out of reach for people starting into the workforce today, Especially compared to the boomer generation, Who were raised on a standard where one person could support a household on 8 dollars an hour, Their boomer children could go to University, And they would own their home. Everyone had a 57’ Chevy Bel-air in the driveway, And you could get a full cart of groceries for 20$. If I make it out of Whole Foods spending less than 150$ for one bag of food, I am spending light. If I pay less than 1200$ a month in rent, I got a good deal, If I can get a mortgage on a single family home for less than 26% interest on a 2 million dollar loan, I got lucky. If I can get my kid through college for 150,00$ I got a good deal. The only people who lived the American dream were the people who had money after the Great Depression, When America was the leader of the free world post WW 2. The boomers just lived in an inflationary bubble, And know nothing else, And gen X are too entrenched in their parents lives to change. Millennials have no ambition in life to do anything but work, Never own their homes, And have kids who do worse than them. Bitcoin is for the people who realize the ills of the financial system in the United States, And it takes a lot of experience and a lot of research to arrive to the point of accumulating bitcoin and using it to your advantage. Most people accept the broken system as too difficult to change, And will continue living in it helplessly. It is like steering the titanic, It takes years and possibly generations to fix these problems and most people don’t even see the problem in the first place, Especially technologically and financially illiterate boomers.
