4 ms·
Here is my belief, may be different from yours: There is a massive generational theft that's been happening over many centuries. Property prices inflating alo
by hyprCoin 9y ago
Here is my belief, may be different from yours:
There is a massive generational theft that's been happening over many centuries. Property prices inflating along with the rising cost of education and loans are further rigging the system towards the older, wealthy and established.
Instead of this trend slowing, it's accelerating at the expense of class mobility for the young, poor and intelligent. This disillusions these individuals en masse.
Where have disillusioned intelligent people recently been life-changingly rewarded for their efforts? Cryptocurrencies have done so, loudly. In fact, there are developer celebrities in many of these communities.
The choice to the young and intelligent:
Seemingly immediate power, prestige, and potential class mobility versus an stressful period of self improvement that causes extreme debt (college).
The game needs to be better for the young and intelligent or they are going to play a different one. Many already are.
I'm extremely long on cryptocurrency for this (and other) reasons. For a sense of time scale, I have an iota retirement plan that begins distribution in 10 years and lasts 35.
- nl 9y agoCan I ask how old you are? Why do you think that Cryto-currencies are fundamentally different to the internet boom which made 20-somethings like Larry Page/Sergy Brin/Mark Zuckerberg some of the richest people on earth in only 10 to 20 years? I’m sure plenty will get rich on Cryto. I’m unconvinced that this time that makes it different for some fundamental reason.
- hyprCoin 9y agoSure, I'm 35. The ease of access to capital for good ideas without any of the bullshit involved in startup fund raising is what has convinced me of this. It really doesn't matter what ivy league school the CEO went to, it's outweighed by the idea, the ability to execute and the ability to convince others to contribute resources. Crypto is like the internet boom if the boom was more distributed, as anyone could take part in investment from the seed round.