Bitcoin and generation gap

[Norihiro]

Nowadays the “identity” of bitcoin is known well only amongst people, who are pretty much “into” the computer technologies and crypto-world. Others, especially the elder generation (people from 40’, for example), imagine bitcoin as something mysterious, fake and dangerous, though it is not. 
It’s technological contents are more than real and very helpful for the modern world. So, in terms of this situation, I would highly appreciate your help with coming up with easy and understandable lines for changing people’s thoughts and points of view on bitcoin. 

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[Rebellious]

Nowadays the “identity” of bitcoin is known well only amongst people, who are pretty much “into” the computer technologies and crypto-world. Others, especially the elder generation (people from 40’, for example), imagine bitcoin as something mysterious, fake and dangerous, though it is not. 
It’s technological contents are more than real and very helpful for the modern world. So, in terms of this situation, I would highly appreciate your help with coming up with easy and understandable lines for changing people’s thoughts and points of view on bitcoin. 

Sadly it's very hard to explain the concept of bitcoin and blockchain. Like every new technologies, generations are left behind and cannot grasp the full concept of these things. I think the best way of explaining it to someone is with visuals, you won't be able to with words only

[BIG Tyrese]

For something which required a computer to mine it years back its always going to be people who are tech savvy. Even though i think bitcoin is now open to a wider generation of people its still going to be branded as nerd money.

[DrYe5]

For something which required a computer to mine it years back its always going to be people who are tech savvy. Even though i think bitcoin is now open to a wider generation of people its still going to be branded as nerd money.

Over time, some are treated like miserable money, but they are all stereotyped. People think they can not make a profit because they do not consider it a job. They will change their mind when they start using bitcoins themselves, you'll see!

[DannyHamilton]

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the elder generation (people from 40’, for example), imagine bitcoin as something mysterious, fake and dangerous, though it is not. 
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Absolute nonsense.

I am over 40 years old, and I have been involved in bitcoin for nearly 6 years now.

My sister is more than 40 years old and she has owned and used bitcoin for more than 4 years now.

I have a co-worker that is more than 40 years old and, prior to working at this company with me, he worked for a company that paid his salary with bitcoin.

My father is more than 60 years old and he has owned and used bitcoin for more than 4 years now.

I don't personally know ANYBODY less than 30 years old that has any bitcoins at all, or that is involved in any way with bitcoin.

[Wingo]

It is somehow hard for them to accept and understand things about technology and especially how transactions evolved in the past years. This is true here in my place because many people here are not into technology. I know some few people who invest in bitcoin but they are Information technologists and computer scientists so technology especially the knowledge about the blockchain is not new for them

[Kprawn]

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the elder generation (people from 40’, for example), imagine bitcoin as something mysterious, fake and dangerous, though it is not. 
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Absolute nonsense.

I am over 40 years old, and I have been involved in bitcoin for nearly 6 years now.

My sister is more than 40 years old and she has owned and used bitcoin for more than 4 years now.

I have a co-worker that is more than 40 years old and, prior to working at this company with me, he worked for a company that paid his salary with bitcoin.

My father is more than 60 years old and he has owned and used bitcoin for more than 4 years now.

I don't personally know ANYBODY less than 30 years old that has any bitcoins at all, or that is involved in any way with bitcoin.

I have to agree with Danny on that. The majority of the people who approach me for help with Bitcoin is over 40 years of age. The

younger generation get bored very quickly and jump from one tech to the other to be hip and cool. {that is what the kids says} I

think many of the older people are nearing pensionable age and they are thinking of ways to supplement their pension or

retirement savings. {Younger people have the luxury of time in their favour, so they not really bothered with investments that

gives fast returns} 

[MissionPhailed]

Got the impression that crypto is indeed predominantly a millennial thing. The older generation (40+) doesn't tend to dive into new technologies immediately; we've seen that with mobile phones, the WWW and now with cryptocurrencies. Perhaps you could 'coax' people into crypto by telling 'em certain organizations already have committed to this new phenomenom.

[odolvlobo]

If you go to a Bitcoin meetup, you will see more older people than younger people.

[AGD]

Most of the kiddies I know, have nothing to do with Bitcoin and most people that invested are 40+.

[dancingnancy]

Nowadays the “identity” of bitcoin is known well only amongst people, who are pretty much “into” the computer technologies and crypto-world. Others, especially the elder generation (people from 40’, for example), imagine bitcoin as something mysterious, fake and dangerous, though it is not.  
It’s technological contents are more than real and very helpful for the modern world. So, in terms of this situation, I would highly appreciate your help with coming up with easy and understandable lines for changing people’s thoughts and points of view on bitcoin.  

Rightly Said the generation gap is a big hindrance as technological advancement is a major learning problem as they are not familiar with the components of cryptocurrencies and some don't even know how to operate computers too. Albeit teach savvy people won't face much difficulty. If they are given the opportunity to learn then they can surpass our skills and knowledge too.

[The Sceptical Chymist]

Lol.  I'm over 40, and I wouldn't consider myself part of any "elder generation" just yet.  I've been using computers since well before the internet arrived, though I haven't exactly acquired any great expertise.  I chose to study other subjects in college, and that was probably a mistake.  Nevertheless,  bitcoin isn't just for the kids to play with.  Old farts such as myself know what it's about and like it just fine.

I've lived through and participated in asset bubbles before, too.  The bitcoin market right now is looking awfully bubbly to me.  I guess that's the skeptical old man in me saying that.

[stompix]

Nowadays the “identity” of bitcoin is known well only amongst people, who are pretty much “into” the computer technologies and crypto-world. Others, especially the elder generation (people from 40’, for example), imagine bitcoin as something mysterious, fake and dangerous, though it is not.  
It’s technological contents are more than real and very helpful for the modern world. So, in terms of this situation, I would highly appreciate your help with coming up with easy and understandable lines for changing people’s thoughts and points of view on bitcoin.  

Just because you have two friends that are in their twenties and they are into bitcoin and your father is not it doesn't mean you have to generalize.

Just an example, Gavin should be around over 50 if I'm not mistaken right now.
Also the other supposed "father" of bitcoin Szabo should he also be far over 40 as he graduated in 89.

Actually most of the guys that have been involved in the first stages of bitcoin are more over 40 than below 40.
And as Danny said, I know guys that are interested in BTC who are over 30 but I don't have a single  aquitance that is around 20-25 and that has shown more than faint interest in BTC

Got the impression that crypto is indeed predominantly a millennial thing. The older generation (40+) doesn't tend to dive into new technologies immediately; we've seen that with mobile phones, the WWW and now with cryptocurrencies. Perhaps you could 'coax' people into crypto by telling 'em certain organizations already have committed to this new phenomenom.

Steve Jobs was 50 when Apple startd working on the Iphone and 52 when the first one was launched.

[trecore4]

That will need lots of efforts and training lessons to be carried out for the old ages. It's not easy to teach someone like the old one you are describing here because they won't get it clearly how it works. They hardly know the math behind the internet use then how could be possible to let them know about high end tech like blockchain. They will get confused and believe they will never pay money for something that they don't care about much.

[MissionPhailed]

Steve Jobs was 50 when Apple startd working on the Iphone and 52 when the first one was launched.

He wasn't representative for people his age though. However, gotta admit my reply about BTC being a millennial thing was kind of a broad statement; everyone born between roughly 1980 and 2000 is apparently a millennial. The people I know who invested significantly in BTC are all - without exceptions - above age 30. (I'm 32 myself but too cautious to invest heavily btw)

[Meepospammer]

That was pretty much the case with the elders. They are not that open-minded.They treat money coming from an unknown source to them as scam. It's really hard debating with them even though you got the right argument they wont still accept it.

[Squidoogeek]

I suppose it depends on how unwilling older people are to make their age an excuse to avoid keeping up with new technologies. I have a neighbor in her sixties who at least made an attempt to understand Bitcoin (bought a book I wrote about it). She says she still doesn't quite get get it, but at least she tried. And it wouldn't surprise me if some older people bought Bitcoin because they thought it was sort of like Paypal, only with digital tokens that are worth "real world" money. Others who have made a career in the technology sector might be more interested in making an honest attempt to understand it.

Oh hell *runs off to create a poll*

[gentlemand]

I'm firmly beyond 40. I have infected several people in their 60s and 70s with it and they all found it relatively straightforward to grasp the overall concept. They will also have experienced what it's like to live through an insanely inflationary phase along with banking disasters. Young first worlders will never have come across that so in certain ways they'll be less schooled in why it's important.

At this stage of the game I seriously doubt many young folks have enough free capital to be able to invest decent amounts. It's the oldies who have the cash.

The only Bitcoin fan I've met randomly in real life was far past 40 too.

[Ultegra134]

Nowadays the “identity” of bitcoin is known well only amongst people, who are pretty much “into” the computer technologies and crypto-world. Others, especially the elder generation (people from 40’, for example), imagine bitcoin as something mysterious, fake and dangerous, though it is not. 
It’s technological contents are more than real and very helpful for the modern world. So, in terms of this situation, I would highly appreciate your help with coming up with easy and understandable lines for changing people’s thoughts and points of view on bitcoin. 

It's a real phenomenon indeed, although, it doesn't only occur with Bitcoin, it occurs with everything that is digital/online. From online banking to browsing the internet, the older generation has trouble when it comes to online or computer related work. Many people over 40-50 are not used to technology, while almost everything requires access to the internet.

Explaining Bitcoin to most of the people of older generations won't possibly change their view towards it, most won't understand its concept, others will think it's a scam or it's a utopia to become a millionaire. The root of this issue is far broader, the older generations weren't born with computers and all this technology we have now.

[DannyHamilton]

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I have a neighbor in her sixties who at least made an attempt to understand Bitcoin (bought a book I wrote about it). She says she still doesn't quite get get it, but at least she tried.
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If she can figure out how to use a discussion forum, tell her to send me a message.  I'd be happy to help her understand better.