The guest commentary below was written by Tomer Strolight of SwanBitcoin.com. This piece does not necessarily reflect the opinion of Hedgeye.
Millennials Have Been Given a Bad Rap
Millennials have it bad.
First, through the misfortune of being born last into a monetary system that is a pyramid-Ponzi scheme, they’re the ones who most get burned as it comes crumbling down all around us.
They are born into huge debt, forced to pay into social programs where others receive services that they never will, they must pay sky-high prices for homes, and they are forced to pay ridiculous prices for degrees whose underlying knowledge can be learned for free by watching YouTube videos. It’s outrageous, and they’ve had to deal with it their whole lives!
This disadvantage is deeply unfair.
On top of all this injustice, they get labeled as bad employees – “the worst generation to have work for you.” And why are they slapped with this label? Apparently it is because millennials aren’t as loyal to companies as previous generations were.
According to the surveys, millennials care more about finding a greater purpose than the success of a company.
This too is a very unfair conclusion. How exactly does the pursuit of a higher purpose rather than profit make you “the worst generation”? Doesn’t that frankly sound better?
And yet, despite being treated like sh*t, millennials have not given up.
What an unfair and ridiculous inversion this is by those who came before the millennials – instead of taking responsibility for the huge problems they created, these irresponsible generations blame the generation that was born into them.
These irresponsible generations are in fact the ones that haven’t been good stewards of our civilization. As business leaders, they pay lip service to social issues while hypocritically indulging in the very things that worsen them.
They even concoct fake issues to draw people into their ‘solutions’ of them, from which they profit. And, as political leaders, they manipulate emotions through exaggerations and lies, with the only purpose of their actions being to satisfy their power lust. Frankly, they wouldn’t recognize a higher purpose if it came up and punched them in the face.
So what are millennials to do? Are they trapped in a collapsing civilization, made to unfairly bear the brunt of the laziness, gluttony, dishonesty, and sloppiness of previous generations? Is there any hope for them?
Bitcoin is the Entity with the Bigger Purpose
Bitcoin may be just the thing that the millennial spirit seeking a higher purpose is looking for. It could be the thing they need.
Bitcoin is not a company and it’s not a government. It has no leaders or rulers. It is fair and open to all while carrying a very lofty purpose.
Let's break it down.
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Bitcoin has a higher purpose than any corporation or political party, to give something very special to humanity – to each and every person, not just those who have already been alive for a long time, and not just those who are young even, but also to those not yet born. It aims to provide them all with something fair and very badly needed.
Bitcoin aims to give all people the ability to trade the best they have to give in exchange for a reliable promise that will not be broken. That thing that they trade their best efforts for is a promise that they will be able to get someone else’s best efforts in the future.
This is what fair money is – a promise to be able to get something of equal value to what you gave, at a later time and in a different place. And, this is what Bitcoin aims to be – fair money – a system where when you give your best, you receive something in exchange which you can later give to someone to get the best they can give.
And the reason they’ll accept this is because it is a promise that they too can later use to get the best that someone else can give to them. And so on.
Bitcoin’s promise is fairness. And, man oh man is that something that millennials badly need.
Consider how unfair our current system is and how Bitcoin avoids that unfairness:
Everyone born today instantly owes their unfair share of the money spent by previous generations – in America, this is over $80,000 per newborn. But they don’t owe anybody any bitcoin.
Dollars themselves are unfairly conjured up out of nowhere by banks to inflate the prices of homes and educations through loans – either putting these things out of the reach of millennials or forcing them to enter into a lifetime of debt payments. All the banks in the world, however, are unable to conjure up a single bitcoin.
Politicians unfairly borrow money to buy votes – money that they never repay – leaving the burden to younger generations. But no politician’s pen can make any more bitcoins or cause anyone to lend any to him.
Millennials Have a Lot in Common with Bitcoin
Just as millennials get unfairly criticized, so too does Bitcoin.
First, money itself gets an unfair characterization: “Money is the root of all evil” is one of those big lies. It’s so big – “the root of all evil” – that when you hear it, you think, “Well, even if it’s only a little bit true then money is still the root of some evil.”
But that’s not what money is. Money is just a way of getting something of value for having done something of value. How is that evil? If anything, it’s fair.
Next, Bitcoin also gets slandered.
Whether it is claims that it is used by criminals (as if the US dollar isn’t the main goal of criminals), that it harms the environment (which it actually benefits), or some other lie, Bitcoin is caught up in the same false blame-game as millennials are. It seeks to pursue a higher purpose and is unfairly criticized by those who created and benefited from the problems it aims to solve.
But lies are eventually caught out.
The truth rises to the surface. The virtuous rises above the vicious. And all the screaming and fear-mongering by those seeking something for nothing eventually finds itself ignored and discredited. And that’s where all the bullsh*t that falsely blames millennials and Bitcoin is headed.
Bitcoin is a partnership with people who are seeking truth and fairness – across the whole planet – to institute fairness throughout the global economy. It is a system restoring fairness to money itself, which is the medium that is used in every single economic exchange in the entire world!
Many, if not most millennials have little interest in becoming winners in the unfair system which is rigged against them in the first place. They don’t want or need to get lousy, unfair treatment from others.
Rather, their interest lies in replacing that unfair system with a fair one: a system in which they and everyone else will be treated fairly; where they will all be able to create, to grow, and to develop; where they will be rewarded fairly for giving their very best; and, where they will be able to receive the very best from others.
Bitcoin is the system that can make millennials’ hopes and dreams come true, and this is becoming increasingly clear to more of them each day.
EDITOR'S NOTE
Tomer Strolight is Editor-in-Chief at Swan Bitcoin. He completed bachelors and masters degrees at Toronto’s Schulich School of Business. Tomer spent 25 years operating businesses in digital media and private equity before turning his attention full time to Bitcoin. Tomer wrote the book “Why Bitcoin?” a collection of 27 short articles each explaining a different facet of this revolutionary new monetary system. Tomer also wrote and narrated the short film “Bitcoin Is Generational Wealth”. He has appeared on many Bitcoin podcasts including What Bitcoin Did, The Stephan Livera Podcast, Bitcoin Rapid Fire, Twice Bitten, the Bitcoin Matrix and many more.
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