[2019-2-11] Generational change – the most powerful Bitcoin price catalyst

[gentlemand]

https://micky.com.au/generational-change-the-most-powerful-bitcoin-price-catalyst/

A bit of a piffling article but it raises something that isn't mentioned all that often.

You have newer generations who've grown up with internet services being near instant and always on. When they start to do adulty things and realised how stunningly creaky banking still is in many parts of the world something like BTC looks like a natural extension of the lives they've lived so far, not a freaky imposition.

It's unfortunate that most of them are totally skint and will be for their entire lives though.

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[Carlton Banks]

It's unfortunate that most of them are totally skint and will be for their entire lives though.

except for all the programmers, who will increasingly represent the middle class economic bracket as a whole. Those robot AI algorithms aren't going to write themselves you know (well, certainly not yet). It's one of few industries with huge amounts of growth potential still intact.

[joniboini]

It's one of few industries with huge amounts of growth potential still intact.

Yep, certainly. Coding/programming has a huge room to grow and the best thing is almost everyone can learn on their own and start making apps directly without the needs to get a license to practice and so on. Programming is one of the most flexible jobs and skill.

As a freelancer myself, Bitcoin provide an alternative (at least for now) if we can't proceed payment with fiat, and it's quick and at the same time can become an investment asset. Nice and cool.

[Naida_BR]

It's one of few industries with huge amounts of growth potential still intact.

Yep, certainly. Coding/programming has a huge room to grow and the best thing is almost everyone can learn on their own and start making apps directly without the needs to get a license to practice and so on. Programming is one of the most flexible jobs and skill.

As a freelancer myself, Bitcoin provide an alternative (at least for now) if we can't proceed payment with fiat, and it's quick and at the same time can become an investment asset. Nice and cool.

The industry has a great potential of course. But this only gives more opportunities to Developers, Engineers, and programmers. There is more job expertise that gets impacted negatively such as the managerial positions for example, as everything is going to happen with AI algorithms and companies will need to get rid of them.

[buwaytress]

Can't give up on the young 'uns completely now. There's enough data, at least in the connected worlds where developed millennials are continuously plugged in, to show that their trust in the banking institutions (or any institution of authority for that matter) have never been this low. Some can even substantiate that distrust. At the same time, trust in technology is at an all-time high. Might not be their generation getting at the bit to get to Bitcoin, but their children maybe?

[o_e_l_e_o]

except for all the programmers, who will increasingly represent the middle class economic bracket as a whole. Those robot AI algorithms aren't going to write themselves you know (well, certainly not yet).

True, but for every small team of programmers writing the code for some new groundbreaking AI, there will be hundreds of people put out of a job by the resulting creation. We can't just tell all these new people to take up programming as a solution. Widespread job losses are inevitable as technology progresses.

What that means for governments isn't clear - universal basic income for all citizens? Massive welfare state or watching as many, many people fall in to poverty? What it means for bitcoin is absolutely anyone's guess.

[squatter]

Can't give up on the young 'uns completely now. There's enough data, at least in the connected worlds where developed millennials are continuously plugged in, to show that their trust in the banking institutions (or any institution of authority for that matter) have never been this low. Some can even substantiate that distrust. At the same time, trust in technology is at an all-time high. Might not be their generation getting at the bit to get to Bitcoin, but their children maybe?

I definitely think so. There's a perfect storm brewing. It's tough to say when full-fledged adoption will happen, but if trust in banks and governments continues to decline while people increasingly embrace technology, I don't see any way around it.

[BLAST2MARS]

Can't give up on the young 'uns completely now. There's enough data, at least in the connected worlds where developed millennials are continuously plugged in, to show that their trust in the banking institutions (or any institution of authority for that matter) have never been this low. Some can even substantiate that distrust. At the same time, trust in technology is at an all-time high. Might not be their generation getting at the bit to get to Bitcoin, but their children maybe?

I definitely think so. There's a perfect storm brewing. It's tough to say when full-fledged adoption will happen, but if trust in banks and governments continues to decline while people increasingly embrace technology, I don't see any way around it.

This generation and the next coming will rely on things that are 'instant'. When I first knew about digital payments like for bills and etc, i find it difficult at first but now I can't live without it. So what more for the next generation who probably will never done that? or used to electronic payments?

[Naida_BR]

https://micky.com.au/generational-change-the-most-powerful-bitcoin-price-catalyst/

A bit of a piffling article but it raises something that isn't mentioned all that often.

You have newer generations who've grown up with internet services being near instant and always on. When they start to do adulty things and realised how stunningly creaky banking still is in many parts of the world something like BTC looks like a natural extension of the lives they've lived so far, not a freaky imposition.

It's unfortunate that most of them are totally skint and will be for their entire lives though.

That is an opinion that give me hope. I really think that this is going to happen in the near future.

There is also another survey that states that a good many students in the US own cryptocurrency. This means that there is a changing trend that has already started in the new generations. Maybe we will need 5, 10 years but something is going to happen in the future.