We’ve Failed Gen Z, But Bitcoin Offers Hope for the Future

This is an opinion editorial by David Waugh, business development and communications specialist at bitcoin investment platform Coinbits, and Dave Birnbaum, director of product at Coinbits.

Every generation has bones to choose from with those that came before. however, generation zThose born between the late 1990s and early 2010s have a particularly valid complaint: Previous generations have stolen their future.

Also called “The Zoomers”, this group was forced by lockdowns and school closures to socialize via webcam during its formative years. These 68 million Americans His life has been thrown into disarray by social upheavals, waste of money and cultural decline during his youth.

Many zoomers are yet to realize the scale of the crime committed against them. Some are awake. Either way, all of them will soon need to pay Piper for decades of monetary and fiscal mismanagement by previous generations.

But the situation is not hopeless. There is one tool that Generation Z can use to achieve restoration. Rather than embark on a hopeless project to rebuild our ruined financial system, only to restore the rents and inequalities that existed before, Zoomers can leave their mark on history by using bitcoin to create a new system that is resilient, equitable. and is just.

Like the Greatest Generation, which rebuilt America on strong foundations after facing the greatest threat to humanity that ever appeared, Generation Z can channel its well-earned sense of betrayal and loss. So that the world order can be passed off as one’s own. children and grandchildren.

supported in a corner

sometimes called “the loneliest generationGen Z has been sold by their elders, who have refused to make the sacrifices necessary to allow future generations to prosper. The psychological warfare waged against zoomers is sometimes subtle, but more often than not. In schools, mass media and online, they are bombarded with doom about climate, race and exploitation, and told that their future has been stolen by evil people who selfishly refuse to fix those problems. .

Actually this is half true. The future of Zoomers has indeed been stolen, but not by pollsters and racists. Instead, the global elite, smart enough to see their system fail but not courageous enough to take responsibility for it, have plundered the financial and cultural capital left to us by the Greatest Generation.

As part of the cover-up of this crime, the Zoomers have endured a relentless onslaught of disparaging publicity. they are told the world will end in ten years. “Climate Concern” Is Pervasive Among a generation that is instructed to feel guilty for its existence instead of being called to create new things and solve problems. Previous generations shot for the moon. Today’s Elite Dislikes Space Exploration out of concern that the rockets might affect the weather.

All these have got the expected results. Zoomers experience higher rates of suicide, depression, anxiety, and many Realize that life is meaningless.

Politicians are unlikely to offer solutions. Appealing To Generation Z’s Voting Base Is An Embarrassing Game gaslighting, courtesy signal and self-righteous usurp power, political leaders denial of realityand claim that they can engineer prosperity using central planning. Government schools and universities generally fail to provide a quality humanistic education, depriving an entire generation of the intellectual tools needed to notice this deception.

increasing awareness of the problem

And yet, many members of Generation Z are making significant achievements as they work their way through the wreckage of the university system and join the workforce. We recently interviewed Jack Nicastro, a current student at Dartmouth College, who believes he can see through politically motivated pessimism:

Nicastro said, “Mainstream culture is hopelessly (and inexplicably) pessimistic, especially apropos technology.” “Politicians cashing in on public concerns about technology, automation and AI to advance conservative policy agendas with their usual demeanor, as evidenced by the TikTok hearings.”

Sid Gundapenny, a student at Binghamton University, offered a similar perspective, saying he is “optimistic in a broad sense” about living standards, though less certain about the future of liberty:

“From an libertarian perspective, I am unable to uphold such a belief – and I believe there are long-term consequences for this,” he said. “But right now, governments and their subsidized industries show no fatigue in their massive growth.”

come to terms with challenge

The fiscal and monetary woes facing Gen Z are significant. national debt is over $31 trillion, and unfunded liabilities exceed $187 trillion. Thanks to a politicized and incompetent Federal Reserve, the US economy is headed for stagflationA dreadful phenomenon where inflation and unemployment accelerate at the same time.

leaders of major political parties Claim Social Security and Medicare reform are off the table. Brian Riddle, Senior Fellow at the Manhattan Institute, recently said According to CBO (Congressional Budget Office) data, the two programs “will drive $116 trillion in budget deficits over the next 30 years.”

Some zoomers recognize the need for improvement. one in Wall Street Journal article Featuring student commentary on Social Security, Mark Panjaitan, an undergraduate at the University of Texas at Austin, said, “Instead of placing retirement dreams in the hands of a dead Congressman, I would advise everyone to lean on the fruits of their own labor.” I give.”

Another, Ryan Callahan of the University of Virginia, claimed, “Despite changes made by Congress, by the time my generation can muster Social Security will be a ghost of its former self.”

With the political process unable to meet the basic needs for change, let alone ambitious projects that require sacrifices for future generations, voting and activism alone cannot solve this problem. On our current trajectory, the amount of economic growth needed to pay off our debt is almost mathematically impossible – barring a technological breakthrough that rearranges the chess board.

A Generation Ready for Bitcoin

A defining characteristic of zoomers that make them worthy of their name is that they move incredibly fast. Gen Z was brought up on a media diet of frenetic stimulation. Its members are quick to learn new technologies and good at using them to create new content, apps and social experiences.

as McKinsey researchers noted“Members of Gen Z … are true digital natives: from early youth, they have been exposed to the Internet, social networks, and mobile systems.”

This fast-paced, technology-centric way of life has drawn Zoomers to bitcoin. While previous generations may balk at bitcoin’s unfamiliarity, zoomers are More They are more comfortable with bitcoin than with traditional banks and financial products. They are well positioned to build the infrastructure needed to bring bitcoin to billions of people – and transform the calculus facing the problems of its time.

the journey home

While bitcoin offers hope for zoomers, they must steel themselves for what is to come – an arduous journey to return to a balanced and free society. Preparation will require independent study to compensate for the miseducation prevalent in government schools and higher education. They would need to organize their own communities using encrypted communication networks in the face of censorship, intimidation and surveillance. They must enter existing institutions such as the legal and financial sectors, public service and corporate leadership with the means to implement tough reforms.

Furthermore, they will need to understand that bitcoin provides a significant portion of these tools. Bitcoin is leverage in a world where Gen Z has very little. They will need to reject the false promise of “crypto” and re-learn the ancient art of long-term thinking.

Every generation faces crises, but some generations face particularly difficult challenges. The Greatest Generation went to war to save humanity from totalitarian regimes. The Zoomers must now face the consequences of decades of monetary and fiscal irresponsibility, and the downstream destruction it has wrought on their freedom and their culture.

He didn’t ask for it, but for a generation of young people struggling to believe that their lives have meaning, the call to rebuild with bitcoin is perhaps the greatest blessing they could have received. It won’t be easy, but it will be worth it.

This is a guest post by David Waugh and Dave Birnbaum. The opinions expressed are solely his own and do not necessarily reflect those of BTC Inc. or Bitcoin Magazine.