Where are the Gen Z bitcoiners? We thought they'd be the generation to really "get" digital money. Why are they so absent?
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Ya why is that?
Maybe because it’s so expensive.
Not sure. They also just started working, and haven’t had time to accumulate wealth. The ones that have accumulated some wealth have probably stacked some sats too.
I agree with this. Stronger. Closer. Less visible. Need to think about that.
they "get" digital payments. but don't understand money any better than any other generation.
so they'll use what works for their use case
Bitcoin doesn't work very well for anything except hoarding.
Yes. And hoarding is uncool to youth. They want action. "What can I DO with it?" Is their question. And the answer better be cool or they're moving on.
If Bitcoin only worked for hoarding, there would not be a whole industry trying to bolt payments, IDs, and compliance wrappers around it. People hoard the base layer because the base layer is the scarce part.
They're busy making and flipping memecoins on Solana or shitstocks on Robinhood.
Since there's no real economy on bitcoin, they cannot really make it here, no matter how hard one may work. Buying and hodling 5years+ is only for the rich who can afford to not tap into their savings for prolonged periods of time.
Also, young people are just not interested in saving. They want fun and quick success.
For those who do make it to bitcoin, there aren't enough corn spenders to make it worthwhile to start anything here and it's been so for quite some time. Which is why the most involved gen z's you get is someone working a fiat job and stacking $100 bucks every few months or so.
We may get few highly entrepreneurial outliers here and there but that's about it.
That said, Nostr has lots of potential for combining the fun of building/participating in open networks with bitcoin's ability to make more people wealthy, fast. But for that to work, there has to be far more wealthy corn spenders here at the frontier on Nostr.
Somehow, it will all workout, eventually. 😂