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by csdvrx 1632 days ago
My personal theory is much simple: the crowd is a bit aged here.

They may try to rationalize their hate, but I think it's not about reason but people seeing crypto as "against the natural order of things":

“I've come up with a set of rules that describe our reactions to technologies: 1. Anything that is in the world when you’re born is normal and ordinary and is just a natural part of the way the world works. 2. Anything that's invented between when you’re fifteen and thirty-five is new and exciting and revolutionary and you can probably get a career in it. 3. Anything invented after you're thirty-five is against the natural order of things.”

― Douglas Adams, The Salmon of Doubt

5 comments

About a dozen people have written their rationalisation in the thread. But you have decided they are just old and their beliefs must not be sincerely held - they're just "a bit aged". Surely if the other commenters were younger they'd discard all the thoughtful reasons they've supplied in this thread and concur with you.

'Why do you like crypto? Don't answer, I already know, it's just because you're young.'

My grandparents and parents love WhatsApp, Uber, Instacart, 4G, Smartphones, Ipads, and Netflix (to give a few examples). All things that were invented long after they were 35. I am between 15 and 35 and I have yet to see the problems Bitcoin solve for me (TBF, I don't live in Venezuela or Argentina, and I don't do any illegal activities). I am bit more bullish on Ethereum.
Congratulations to your parents and grandparents for being exception to this rule of thumb, and for your awareness that while you don't have any problems solved by one crypto, but that others might, and another crypto may have provide value for what you do.

Having been raised in this exceptional family might have helped :)

This is the agist response to those who don't try to understand why
This is just a ridiculous response.

Older people have seen this hype cycle before drummed up by VC's and media.

Remember when "data is the new oil" and billions were invested in the "big data" market because it was going to revolutionize how businesses do business.

Sure theres a great use case and theres definitely utility but its another example of a solution trying to find the problem. Crypto / blockchain is similar. Theres good tech there and I'm sure it will be useful in some aspects, but again.. a solution trying to find the problem.

I'm under 35 and think it's stupid.