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RE: The collapse of fiat and rise of cryptocurrencies
It is a standard situation, you are dealing with the old generation. I remember that from historical times there was a saying that the younger ones have to learn from the older people, cause they are wise!
But thanks to Internet everything changes. The paradigm is broken.
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That's what drives me crazy about my uncle. He made one hell of a living in Pharma development. It's not like he's that 'crazy uncle' who plays with a Hamm radio at night. The man is very smart and very well educated. But... he's got that conservative gene. Therefore, the way things have always been is as they should always be.
He'll come around, I hope.
Do you think the older generation is preferably to become a real player in the blockchain or can skip them?
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For one, I think blockchain technologies will in many cases be invisible. Embedded in the infrastructure of process and operations so it won't necessarily require 'activation' on our part. Still, there will be applications that require us, as consumers, to engage with this new tech and I think the older folks are like any other 'older generation'. Some will embrace while others will choose to not participate. My mother's a perfect example. She has a smartphone, but willfully remains ignorant of the features on the device. She takes pride in her lack of know-how; and that's effectively ended her career in real estate (which was a glorified hobby anyway). Meanwhile, my father is on top of all things tech. He loves it.
I think some people just have a more difficult time making the adjustments and accepting the new paradigm than others. Age has something to do with it, sure. But there's concern for those who choose to lag behind. They may be left out of the economy entirely if they're not willing to even be curious about what's on the horizon. I'm not futurist, but I do wonder what will happen in this case.