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RE: The Challenges Of Explaining Crypto To Old Folks
- It can't be real because it's not something physical that you can hold!
Not realizing, of course, that most money is just a record in a bank or government ledger & only a small percentage circulate in the form of notes or coins.
Its worse than that even. Google "fractional reserve banking" Central banks literally make money out of thin air. But explaining this to otherwise "smart" people is proving harder than I thought.
There will come a time soon when we won't even think of Bitcoin in terms of dollars.
Thanks for the comment homie.
Yeah. Now it's just quantitative easing where money is indirectly airdropped through financial institutions. Soon, it will just become 'helicopter money' given directly to the people!
Maybe the Fed will steal one from the crypto playbook and fork the US dollar into the New US Dollar. Airdropped directly to your EBT card.