This article comes fromMediumThis article comes from
, the original author: Mark Helfman, compiled by Odaily translator Katie Ku.
To the layman in cryptocurrency, they dont understand what the value is or why they should spend time and money on it. From another perspective, this actually reflects the development and values of the millennial generation. As the first generation of the 21st century, we have a different view of the value of Bitcoin.
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Its not just about money
When I started talking about cryptocurrencies, the same question came to my mind: What is behind Bitcoin? Should I buy Bitcoin? Will the price of Bitcoin go up? When discussing the nature of wealth, finance, privacy and When it comes to government, it always comes back to the theme of money.
Yes, Bitcoin is money, but not just money. Bitcoin enables free public access to specific financial networks regardless of time and place.
Money is a common part of life for many people, but in many cases, it is a privilege enjoyed by only a few.
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Why Bitcoin Matters
Because it all happens naturally, without government interference or subsidies. In order to understand the importance of Bitcoin, first you need to understand millennials, and you need to understand why many of them have lost faith in the old financial system.
This is the millennial story.
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The system building collapsed
This is the real world faced by millennials.
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Where is our leader?
In America, its our leaders that divide us more than unite us. People against Wall Street, Wall Street against farmers, farmers against miners, miners against college students, students against gun makers, gun makers against black people, black people against police. Our police maintain social order, save us from fear, terrorist attacks, death, maintain social order and safety, and improve the quality of life in the community. But there was a very serious incident of racial discrimination. A knee on someones neck took the life of a black man. Until now, many people have not realized the problem. When we call things serious and fight for all around us, we ignore the existence of oppression.
There will come a day when our laws and regulations will take precedence over votes, money, and social attention. Thats when we millennials rise up.
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false deceit and failure
Our leaders have the power to prevent this from happening, but instead of doing so, they abuse their power to cause hatred and violence. What they claim is to unite us is actually to divide us even more.
Social media platforms claim to be a voice for the underprivileged, but their algorithms only spread the most salacious and offensive content, while blocking out what they deem mundane. Hatred breeds and conflicts continue. We live in a society of fake social accounts created by artificial intelligence, novels and Facebook (Facebook) are the so-called real world.
This is the world faced by millennials.
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Bitcoin solves this problem
Because Bitcoin does not participate in the above things. Bitcoin has nothing to do with where you live, what you do, or whether you are married. The level of interest rates does not affect Bitcoin. Will a data breach affect it? No, because Bitcoin does not use personal data. What if the banks collapse? Bitcoin also does not depend on the banking system. Exit of partners, welfare system, immigration, imposition of tariffs, trade wars, and COVID-19 have nothing to do with Bitcoin. Bitcoin is an algorithm, a computer program, independent of who is in power. You dont lose your bitcoins the way you lose your health insurance or pension if you get fired or your company goes out of business. You cant bribe Bitcoin either. Bitcoin doesnt care about your age, whether youre young, rich, poor, working or not. Bitcoin will not sell your personal information to any company or government, and Bitcoin will not betray you, because this is the program that has been set long ago.
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time to make a choice
Despite all Ive said above, I dont think this generation generally dislikes banks, governments, and large institutions. Most of us just dont participate.
We are just like people in other generations, buying, saving, borrowing, working and surviving, this is the life of our ordinary people. We develop our economy with all the tools that facilitate our lives. 90% of us have a checking account, and if we need a loan, a credit card, or to buy something, its all done through a bank account.
Understand that the government and the financial system will only let us down time and time again.
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find the ray of hope
I know people from previous generations didnt think it was an option, they just thought it was stupid. They will never leave their fate to formulas, networks of strangers, and assets that exist only in data and computer code. Now that I see it, it makes sense.
Because the communication between us is always not smooth. During our conversations that always start and end with “it’s your business,” you’ll meet a lot of people who can’t accept the virtual nature of Bitcoin. This is ridiculous! Its a bubble! Bitcoin doesnt solve anything, you cant make money from it, nobody uses Bitcoin, it crashes often, and its expensive and slow. Every time a blockchain project fails, or When the price of Bitcoin drops, someone will tell you I told you so.
Then the real estate market crashed, and in some places, it hasnt recovered until now.
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Which one is the bubble?
Today, we may not own as many homes as previous generations, but we use the internet, and the internet is everywhere. When the pandemic hit, thats why the world kept going, and the internet saved millions of lives. It was our first major innovation ever and it shaped who we are. Everyone says its a stupid idea, buying a house is what matters.
So when they say bitcoin is a stupid, horrible idea and youre reading this because of the internet, you know the story from a stranger whos written two books and youd have nothing without the internet known. And its distributed over the Internet without the Internet, an article published without the Internet, and thanks to the Internet, you can watch it for free anywhere in the world. And without the Internet, these readers would be as credible as having the most famous experts in the field, because we have no real answers. In this case, do you think we will trust the comments made by those who do not understand Bitcoin?
No, its not an option for millennials.
We have choices. Our options are:
1. Believe in a stable, mathematically verified, untamperable process that no one can control or manipulate, and that can always bring you the expected results.
2. Trust the U.S. government and financial system that has consistently failed us.
