I had conceived of this article as a Ted talk. Maybe one day, if I’m lucky.
For now, I’m publishing it here. It’s something that I’ve been thinking about for a while and I feel compelled to put it out there. Somebody needs to say it — why not me?
This article is about why bitcoin means so much to the Millennial generation.
In one sense, it’s a defense of bitcoin from people who can’t understand why it has any value or why we would spend our time and money on it.
In another sense, it’s a reflection on Millennials — our history and values. …
As a bitcoin writer, I get a lot of people asking whether “now” is a good time to buy bitcoin.
(Spoiler: it is always a good time to buy bitcoin, but some times are better than others.)
Check any website, social media platform, and chat group and you’ll see most people are obsessed with bitcoin’s price.
Nobody can predict that, no matter how many YouTube videos they publish or how many Twitter followers they have. Statistical models are great, but there are many and they all disagree with each other.
I’ve found the best insights come from looking at what people do with bitcoin and how those actions have historically led bitcoin’s price to change. After all, bitcoin doesn’t make its price go up and down, we do. …
Now that bitcoin’s price has gone up a bit, people have started asking me about it.
After about two years of apathy, my friends are interested again!
Of course, they’re not interested in the social, cultural, and economic impact of a global, public, cryptographically-secure, time-stamped distributed ledger.
(Which stinks, because I wrote two books about this.)
No, they’re all about price.
“Hey, Mark, I just checked my Coinbase wallet, bitcoin’s price is almost back to where I bought it at!”
To be fair, I’ve noticed one difference in the types of questions I get now compared to 2018 (once we get past the “price went up” chit-chat). …