I had a Boomer tell me that Bitcoin wasn’t around a hundred years ago and it won’t be here a hundred years from now.
This was said with such conviction, as if it was more a decree from God than an opinion.
Discussion
Did you ask them what happened in 1971?
He knows what happened: he benefited from the Cantillon Effect .
State backed fiat wasn’t here 100 years ago and won’t be here 100 years from now. 🤷♀️
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What a fucked up incoherent opinion that boomer had. Imagine applying that reasoning to anything, what a complete moron. 🤡
The funniest part is he is in his eighties and will not be around to officially be proven wrong, however I suspect his decedents will suffer for his lack of vision.
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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).
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.
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!
Believe me there are plenty of boomer that understand money and what #Bitcoin represents.
I’ve met younger generations with the same mindset you sight. It’s not a generational thing, even if at times it would appear that way.
Boomers have all the money!
They have political currency units, real estate, stocks, bonds, gold, silver. But they don’t have Bitcoin. The hardest money wins. Bitcoin is the hardest money
They have #Bitcoin, they may act like they don’t, but they do, make no mistake about that.
Boomers have a lot of dollars, but not all of the money. #Bitcoin
Well, he himself might not be around in 100 years…