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"Millennials, like generations before them, just got a painful lesson about speculation." and yet the first tweet is from McAfee... I know life has been hard to

"Millennials, like generations before them, just got a painful lesson about speculation." and yet the first tweet is from McAfee... I know life has been hard to him but that is one very aged Millennial. Just add this bad article to the 300+ Bitcoin Obituaries, and the even more writings that try to point out the hard lesson learned by us idiot Millennials. A reminder that some Millennials are almost 40 now, we were the first generation to grow up with the internet, and we lived through things like the dot com bubble and the 2008 housing crisis. What could we possibly know about technology and money? What could we possibly desire to see possible change and improvement in?

kokokokoko 8y ago
Cryptocoin speculation will likely be remembered closer to beanie babies or baseball cards as opposed to the dot com bubble etc. This was just the first time we saw this happen globally and with digital goods. Which, possibly coincidentally, happened to baby boomers right when they were around the same age/point in life as the millennial generation is now.
- abstrct 8y ago
  > Cryptocoin speculation will likely be remembered closer to beanie babies or baseball cards as opposed to the dot com bubble etc. What exactly do you base this idea on? Are you involved in the technology at all? An economics major? Or do you just believe that Mr Noah Smith has the expertise to opine on such a situation.
  - abstrct 8y ago
    Sure, downvote me because I was a bit mean sounding, or maybe because you are sick of hearing about Bitcoin. I feel like it's a fair question though. To say that Bitcoin will be remembered more like beanie babies and baseball cards, rather than the dot com bubble, sounds absurd to me. You have the worlds largest tech companies, banks (the IMF!), the Big Four advisory firms, top lawyers around the world, governments at all levels, and just some incredibly active open source communities, all working with this technology. Why belittle it like what was done in that comment? Can't we at least agree that after ten years, Bitcoin has been an experiment worthy of its own story rather than being lumped on either side of "beanie babies or baseball cards as opposed to the dot com bubble"
Obi_Juan_Kenobi 8y ago
A weak defense of Bloomberg here: it was a bubble/pop, and this wasn't an obituary. They actually resisted calling it dead. The story was more about the dangerous of 'bubbly' assets, which is entirely legitimate. Obviously the millennial angle is dumb, but meh.
- abstrct 8y ago
  Totally fair comment. The author does admit that they themselves are still holding, so an addition to the obituaries isn't accurate. I think the millennial part just frustrated me.

kokokokoko 8y ago

Cryptocoin speculation will likely be remembered closer to beanie babies or baseball cards as opposed to the dot com bubble etc. This was just the first time we saw this happen globally and with digital goods. Which, possibly coincidentally, happened to baby boomers right when they were around the same age/point in life as the millennial generation is now.

abstrct 8y ago
> Cryptocoin speculation will likely be remembered closer to beanie babies or baseball cards as opposed to the dot com bubble etc. What exactly do you base this idea on? Are you involved in the technology at all? An economics major? Or do you just believe that Mr Noah Smith has the expertise to opine on such a situation.
- abstrct 8y ago
  Sure, downvote me because I was a bit mean sounding, or maybe because you are sick of hearing about Bitcoin. I feel like it's a fair question though. To say that Bitcoin will be remembered more like beanie babies and baseball cards, rather than the dot com bubble, sounds absurd to me. You have the worlds largest tech companies, banks (the IMF!), the Big Four advisory firms, top lawyers around the world, governments at all levels, and just some incredibly active open source communities, all working with this technology. Why belittle it like what was done in that comment? Can't we at least agree that after ten years, Bitcoin has been an experiment worthy of its own story rather than being lumped on either side of "beanie babies or baseball cards as opposed to the dot com bubble"

Obi_Juan_Kenobi 8y ago

A weak defense of Bloomberg here: it was a bubble/pop, and this wasn't an obituary. They actually resisted calling it dead. The story was more about the dangerous of 'bubbly' assets, which is entirely legitimate. Obviously the millennial angle is dumb, but meh.

abstrct 8y ago
Totally fair comment. The author does admit that they themselves are still holding, so an addition to the obituaries isn't accurate. I think the millennial part just frustrated me.