Thread
There’s a generational blind spot happening with money that’s wild to witness. The older generation lived through decades of slow currency debasement and can’t see it for what it is, a systematic wealth transfer from regular people to those closest to the money printer. They think inflation and declining purchasing power is just “how economics works” because it happened gradually enough to feel normal.
Meanwhile, younger people are looking at Bitcoin and seeing something their parents can’t: that money doesn’t have to be controlled by governments, and that maybe, just maybe, we’ve been getting quietly robbed our entire lives through monetary policy. The changing of the guard isn’t just about age, it’s about fundamentally different beliefs about who should control the money supply and whether citizens should have a say in their own economic destiny.
Replies (16)
The water is getting warm for the frogs
Yeah, but the young frogs are already jumping out while the old frogs are complaining the water temperature is “unseasonably pleasant” and asking who keeps adjusting the thermostat
Most of the old frogs don’t actually know that there is another monetary option. Types of assets is a different conversation than a monetary system and a digital ledger.
Facts
Younger people and older people are both brainwashed and indoctrinated unfortunately.
Most people think their taxes pays for government spending and don't even understand that government spending comes from new money that they loan from the private central bank with interest
Haha I can still remember the spot I was sitting in the classroom when I was told that inflation is 2% a year and it’s a good thing (“it means growth”) and that just DID NOT make sense to me
Years later I found out about Bitcoin and Austrian economics… now that made sense
💯. I remember being taught these same frameworks, and the deeper I immersed myself in educational institutions, the more I found myself interrogating the foundational assumptions underlying everything I was accepting as truth.
It’s also harder for the older to perceive because they owned the appreciating assets that shield them
from the abuse, which seems like comfort.
For my father in law to accept bitcoin for the moral corrective it is, is to tacitly accept that his nominal gains were the fruit of debasement.
He likes to think he was just smarter than everyone, and that’s a blow to the ego.
Ego will keep many on the sinking ship.
I used to live at a farm in Rural Australia. I remember standing at the fence line talking to some old fella and he told me that you need to get at least 5% on your money to beat inflation. This was around 1990.
Frogs in a pot.
The blind spot is so ingrained it feels like common sense to them. Bitcoin is the first tool that exposes the scam.
I don’t see what you’re saying about the younger ones, unfortunately.
