Mike Krieger Warns "The Generational Wheels Are Turning"

Authored by Mike Krieger via Liberty Blitzkrieg blog,

“The electric light did not come from the continuous improvement of candles.”

— Oren Harari

If you only read my stuff sporadically, you might be surprised to hear that I’m actually quite optimistic about the future. The main reason I compose articles highlighting all the frauds, corruption and absence of ethics within our current paradigm isn’t to fill you with fear and dread, but to create awareness. Ignorance is not bliss, and I believe a deep appreciation about how completely broken and opaque the current way of doing things is can provide the spark of inspiration and determination necessary to create a new and much better world

As I’ve stated many times previously, it wasn’t until Bitcoin emerged and I started to understand the implications of it, that I became very encouraged about the future. Prior to that, I saw humanity living under a terminal, predatory system that would eventually consume itself, but I couldn’t see a plausible roadmap toward a better tomorrow. Bitcoin proved to me that not only did such a path exist, but the infrastructure for this better future was being built right in front of our eyes.

I first started writing about the revolutionary implications of Bitcoin in the summer of 2012, and looking back five years later I’m filled with an overwhelming sense of awe and appreciation for all that’s been achieved. While the optimist in me always thought we might get to where we are today, to see it actually happen is nothing short of extraordinary. The incredible energy and global talent that’s entered this space over the past several years brings a gigantic smile to my face. It truly is an idea whose time has come, and the more the concepts of decentralization and trustless systems infect the global consciousness, the more unstoppable they become. I think we’re already there.

Meanwhile, there continues to be tremendous resistance to this innovation from wide swaths of the population, which is to be expected for anything that seemingly came out of nowhere and is so incredibly disruptive. I have various theories for why that’s the case, but today’s post will focus on a specific aspect that I think is relatively unappreciated, particularly by many of us older than 35.

I’m old enough to have lived half of my life during a time when the internet wasn’t totally ubiquitous. As such, being proficient in the use of technology wasn’t something I grew up with. I had to learn what I know on my own later in life, having already become comfortable and reasonably well adjusted to the pre-internet world. Throughout my ten year career on Wall Street, I simply didn’t have the intellectual curiosity to really look behind the curtain, but then the financial crisis came along and shattered my worldview. I haven’t been the same since.

I’m not the only one of course. The financial crisis of 2008/09 similarly shattered the worldview of tens, if not hundreds of millions of people across the globe. I believe that the old manner of doing things as far as organizing an economy and society died for good during that crisis and its aftermath. Sure it’s been shadily and undemocratically propped up ever since, and we haven’t yet transitioned to what’s next, but for all intents and purposes it’s dead. It’s dead because it has no credibility.

Increasing numbers of people accurately see the institutions that currently manage our lives as outdated and corrupt. More importantly, many of us don’t want to simply replace the current crop of unethical people in charge with a new bunch, we want to completely change the way things are done at a systemic level. This is precisely what lies at the heart of Bitcoin, as well as decentralized, trustless systems in general. If there’s any fundamental lesson from history it’s that human beings cannot be trusted to use power and authority altruistically and wisely. As such, it’s imperative that we distribute those things as much as possible.

Sometimes my posts are inspired by the most random of things. In today’s case, it was the following tweet by Reason.

The above caused a flood of thoughts that had been already percolating in my mind to coalesce. It made me realize that if you aren’t observing what’s currently happening with regard to Bitcoin’s ascendance (and crypto assets more broadly) from a generational perspective, you’ll completely miss the big picture. The Baby Boomer generation, which has dominated so many aspects of our country for so many decades — including the overall narrative of everything — is finally heading off into the sunset.

It’s not so much that they’re physically expiring, but their influence is beginning to wane significantly. It’s not completely obvious just yet since our world continues to be defined by the institutions and ideals they championed, but in the hearts and minds of so many, particularly the younger generations, the world they left us is hopelessly corrupt, archaic and can’t be displaced quickly enough.

This is where many older people who understand how fraudulent and terminal the current system is seem to get sidetracked. To them, the next logical step as we enter a new financial system has to be to go through gold. Far more ridiculously, some people even push the spectacularly idiotic idea that an SDR will become the accepted global currency of the future. While I don’t profess to know exactly how things will play out, I try to keep an open mind as others arrogantly dismiss Bitcoin completely.

It’s no coincidence that many of those who are particularly condescending toward Bitcoin are from older generations. They’re doing what humans tend to do, which is take their own understanding of the world and life experiences and extrapolate them into the future. Someone who lived 30 years or more before the internet came to dominate everything will naturally possess a radically different perspective of the world and where it’s headed than someone who never knew life without it. This is precisely why a younger person will inherently understand the value and utility proposition of something like Bitcoin far more easily than someone much older.

If you want to try to figure out where we’re headed, you need to get out of your own head and into the minds of younger generations. While it’s fun to mock millennials and avocado toast, this is one of the most systemically screwed over generations in a long time. Thrown into the job market in the midst of an economic collapse, they watched their parents lose their homes while Wall Street got bailed out. These are lessons and experiences that stick around for life and fundamentally shape how one sees the world. The younger generations aren’t going to be interested in tinkering around the edges of the current paradigm, they’re going to want to replace it entirely. They have no loyalty to a system they’ve witnessed do so much damage.

If you’re a Baby Boomer please don’t take this the wrong way. This piece isn’t meant to disparage older generations while mindlessly elevating the youth. Many of the tools and ideas now being embraced and implemented into our society were developed by brilliant minds many years ago, and we should always pay homage to the gigantic shoulders on which we stand. Pushing 40, it’s not like I’m some spring chicken anyway.

The future isn’t set in stone, it will be what we make of it. As I see things today, we have an old paradigm on life support while novel systems and new perspectives emerge in parallel. Rather than predict the old world will blow up into a cauldron of fire, brimstone and nothingness, I can see a beneficial passing of the torch to better ways of conducting human affairs. I’m not claiming this transition will be easy and painless, but I suspect we’ll find ourselves in a much better position when we emerge on the other side.

So don’t let fear take over, and strive to embrace your higher nature. Understand the reality of the situation as it stands, and then do everything you can to leverage your talents to ensure what comes next is the kind of world you want to live in.

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SixIsNinE MayIMommaDogFa… Tue, 11/21/2017 - 20:09 Permalink

oh noes - the wheels are a turnin'!  i thought they was pentagrams!  edit:  putting a F********King pic of the manson Klown -  you Fing Tard! manson was a lifelong F(*((up and was given the Patsy Keys in 1964-65 with guns, drugs and CREDIT CARD in order to derail the TRUTHERS who were aligned against the JFK coup plotters and also turned ON to the psychedelic of the Ages -now if you want, Michael - Zchat me up and I will CLUE in to the details of 1966 on up to 2017. 

In reply to by MayIMommaDogFa…

webmatex Philanthropocalypse Wed, 11/22/2017 - 08:11 Permalink

Im 65 and am an old hippy and somewhere in there he managed to put me down as a technologically illiterate neandethal because im a boomer!Although i dont have a cell phone i was early to the programming scene in the 70's and developed that knowledge over 30 years had 2 websites in the 90's when modems were the rage and have even programmed cad robots way back in 91.Ive had BTC for 4 years. The ability to adapt is not dependent on age although a little wisdom and good tools will help.Not one of his best.

In reply to by Philanthropocalypse

Sanity Bear Tue, 11/21/2017 - 19:04 Permalink

Understanding the reality as it sounds, the solution is to accelerate the diminishing numbers of the Baby Boomers as rapidly as possible, before they finally do manage to kill us all like they have been trying to for quite some time.

ToSoft4Truth curbjob Tue, 11/21/2017 - 20:23 Permalink

Some of these articles are loony. A few Zeros complain about George Soros.  George is a "Silent Generation".  Warren Buffet is also a Silent Generation.  Some think David Rockefeller (G.I. Generation) money still has clout. If anything Baby Boomer money is just coming into power.  In 2030 the last Baby Boomer will turn 65 but I bet life expectancy goes to 100.  Tax money is keeping John McCain alive.  Bill Gates is a Baby Boomer.   He shapes global policy.  Jeff Bezos is a Baby Boomer.  He shapes global policy. 

In reply to by curbjob

AGuy ToSoft4Truth Tue, 11/21/2017 - 20:38 Permalink

"f anything Baby Boomer money is just coming into power. In 2030 the last Baby Boomer will turn 65 but I bet life expectancy goes to 100. Tax money is keeping John McCain alive. "

I am betting life expectancy peaked and is going to decline:

(1) healthcare is become extremely expensive. We are heading back to the 19th Century when only the rich could afford it.

(2) US debt topped $20T. How high can it go before there is a reset $25T, $30T?

(3) Not sure there are many competent Millennial doctors and nurses.

I don't think Boomers will drop off the planet tomorrow or even in the next decade. but I am not sure if they will be able to hold the system together until 2030. Problems grow and I don't seen any changes that would prevent the next big crisis.

In reply to by ToSoft4Truth

ToSoft4Truth AGuy Tue, 11/21/2017 - 21:23 Permalink

You're right.  Every day schmuck Baby Boomers are doomed.  They wheel in and out of Walmart over time.  Their end is like the veteran highlighted in the recent ZH article.  The minimum wage staff will steal their pills.  They'll die in pain and agony.  The pension/union Baby Boomers will likely be abandoned with the minorities out in the suburbs. (The suburbs were created in 1935 (G.I. Generation)). In the olden days the rich had slaves to take care of the old folks.  In the future the rich will have robots taking care of their old folks. Big tax-payer medical expenses for the next 40 years at least even with minimal care toward the Baby Boomers.   But there is hope!  The Baby Boomers turned against themselves and spat upon the returning Vietnam veterans.  This means the rich Baby Boomers may decide to cull the poor, "outside" Baby Boomers and just be done with them once and for all.  A plague based bio-weapon delivered by a NORK would justify a tri-fecta. 

In reply to by AGuy

Iggby AGuy Tue, 11/21/2017 - 21:30 Permalink

Wrong. Health Care is becoming extremely expensive for extremely advanced procedurs and for the nations that provide socialized medicine. It is expensive on the fringes or from the perspective of a national budget.That being said, drugs, checkups, and routine attention are becoming less and less expensive. Lazer eye surgery? Dental work? Hypertension. Dental and eye care, are becoming ridiculously cheap for maintenance work.Drug costs, the ones that matter, are becoming cheaper and cheaper. You may be right about access to complexe and advanced procedures, but on the whole health care is not going to disappear.

In reply to by AGuy

ToSoft4Truth Iggby Tue, 11/21/2017 - 21:54 Permalink

The drugs that matter are very expensive.  Even if the melanoma patient has "insurance"....  if their premiums are less than the costs of treatment, they are being subsidized by healthy people.  April 3, 2017"Current checkpoint inhibitors each have a list price near $150,000 a year. A combination of Yervoy and Opdivo, approved by the Food and Drug Administration for advanced or inoperable melanoma, has a cost of $256,000 a year for patients who respond to the treatment." https://www.reuters.com/article/us-usa-healthcare-cancer-costs/the-cost…

In reply to by Iggby

Kelley AGuy Wed, 11/22/2017 - 00:51 Permalink

The thing that is shortening lives is not health insurance or the lack of it.What is likely to be blinding and dementing old and young alike is the continuation of 4G and the addition of 5G. Alzheimers increased on an age adjusted basis by 55% in the 15 years ended 2013. There is a direct connection between the flood of cell towers and the brain disease.Almost every cell we have relies on so-called channels of positive sodium, calcium, potassium and magnesium ions. When our skin is flooded by positive ions from the cell towers and the smart meters, not to menition our cell phones, it repels those minerals and often send them to places in the body where they can cause harm. The same process also slows down or even turns off the cilia in our bodies. This promotes increased fluid pressure.So we get calcium in our arteries instead of in our bones and sodium inside the cells rather than concentrating in the intersitial compartments of our bodies. Those two errors add to blown arteries and fluid build up. Excess fluid can increase pressure on our arteries. When the arteries are calcified and there is increased pressure serious problems can arise. Increased pressure in the ventricles of the brain causes Alzheimer's disease.

In reply to by AGuy

HRH of Aquitaine 2.0 Tue, 11/21/2017 - 19:11 Permalink

My father is waiting to be placed in a locked facility. Apparently after more than 20 days it is not profitable to keep someone. I completely understand the issue. Time to make amends with your adult children. Before it's too late.

Drop-Hammer Wed, 11/22/2017 - 00:43 Permalink

I do not trust JewCoin or any other electronic wizardry.  Yeah, yeah, I use credit and debit cards.  My bank backs those transactions.  I also have cash and silver and lead and steel.  I am not a young fag with my iCrap phone who will be conducting transactions in JewCoin.  I do not trust these young and ignorant (ignorant of customs/courtesies/life in general) brain-washed/conditioned/propagandized PC Millennials who still slumber in The Jew Matrix and who would get the vapors if the words 'nigger' or 'kike' slipped passed their lips.  I can not believe that Isaiah's prophecy about women and youth leading us to Hell is coming true.

GooseShtepping Moron Tue, 11/21/2017 - 19:40 Permalink

This is one of the dumbest things I've ever read, and I'm younger than Mark Krieger.The problem is not so much that he is wrong in a factual sense about Bitcoin, the problem is that he's making a category mistake by mentioning it at all. New technologies, whether the internet or Bitcoin or anything else, are only surface features; they are powerless to actually transform anything.Tell me how Bitcoin is going to pay off the $20 tillion debt or the hundreds of trillions more in unfunded liabilities. Tell me how Bitcoin is going to reverse the demographic decline of the West, stop mass third-world immigration, or scuttle globalist trade policies that are destroying the working class. How is Bitcoin going to discover and develop new energy resources, rebuild our crumbling infrastructure, educate the young, or control our feral Black population?It isn't going to any of those things, because to do those things requires intelligence, will, power, and vision, not more Bitcoin. If you want to address the problems we actually face, you have to look to the underlying human material. It is there and only there that everything happens.

conraddobler Omni Consumer … Tue, 11/21/2017 - 23:03 Permalink

We are at the weak men stage of the cycle timed perfectly for the rise of AI.Weak men are sheep leading us all to the slaughter house of AI.  Timing is everything, there would be no better time to launch AI than right about now.It's not going to be like the movies with a self aware skynet type of thing it's going to be something more like a few rouge people managing the planet using ugraded interfaces with something like a deep mind AI system.Effectively they'll just have better calculators than the rest of us but that's all the advantage they'll need to take over everything.

In reply to by Omni Consumer …

zerotohero Tue, 11/21/2017 - 20:28 Permalink

It's a fucked up world folks - take your pic - Muslims will soon (20 to 40 years) control Europe - China and Russia will destroy the U.S. dollar as the world currency reserve - the U.S.S.A is heading towards a civil / class war AND AI will eventually replace all workers


itstippy Tue, 11/21/2017 - 20:58 Permalink

Some ingenius fucker will set up a financial institution where they take in Bitcoins for deposit and pay interest on them over time, and then loan out the Bitcoins for interest.  They'll keep the Bitcoins they earn from the spread, as profit.  Soon they'll realize that the call on the Bitcoins they're holding on deposit is infrequent, and they can "pledge" the use of the Bitcoins to ten times more borrowers than they have actual Bitcoins on deposit.  If they're cautious about who they loan Bitcoins to, they can make a huge profit.Over time the business becomes so profitable that imitators join in.  Some are not so prudent, and problems arise.  A call goes out to have a Central Bitcoin clearing house to coordinate the Bitcoin transaction trade, and smooth things out.  Primary Bitcoin dealers are allowed to draw Bitcoin Pledges from the Central Bitcoin clearing house as needed to provide Bitcoin liquidity.Over time there are far, far more Bitcoin Pledges in circulation than there are actual Bitcoins.  To prevent a Bitcoin Panic and to maintain liquidity, the Central Bitcoin clearing house closes the Bitcoin Window.  One can no longer demand actual Bitcoins in return for Bitcoin Pledges at par.  

conraddobler itstippy Tue, 11/21/2017 - 22:49 Permalink

Bravo!!!The idea we're going to be saved by Bitcoin is retarded.The only savior we're going to get is by the grace of a God that many do not even believe in, that and possibly a real awakening en mass.I won't hold my breath for any of that but it's the only hope we have, all the rest is noise.The problems we face are all the same problems we've ever faced with a massively upgraded tech structure background.  There is no way out of this mess that won't entail horrors of nearly unimaginable proportions.I've been sure of this for half my life and nothing has happened to make me believe any other scenario is more likely and that's tough to do because I'd dearly love to imgaine almost anything else.The writing is on the wall, or the smartphone or whatever you want.It's so obvious that it's painful yet almost none see.  It's just a typical human cycle to forget the worst aspects of humanity in times of relative peace and this time they're perfectly timed to rear their ugly heads right into a singularity shitstorm.I'm actually long term optimistic that this one will be so terrible as to lay the foundations for an eventual leap forward in our awareness but I don't think that's going to do anyone alive today much good.   

In reply to by itstippy

YouThePeople Tue, 11/21/2017 - 20:39 Permalink

Blame the Boomers. Embrace the Tecnocrats.It behooves younger generations to study history.This class war shit has gone on for centuries.Put down your 'smart' phones. Stop checking them 200 times a day.Don't put everything on your parents. Their biggest mistake was giving birth to you little cupcakes.The lamestream FANG media matrix you grew up inside rots your mind.                                                                   Kleptofraudtocracy goobermint, media, & wall st. sees to that.

CRM114 Tue, 11/21/2017 - 20:45 Permalink

The 'Generation' is the most useless idea in journalism. There is no common origin or experience. You can't choose to join it or leave it. No one supposedly in it has any responsibility for or authority over it.It's a catch-all excuse for all the prejudices and preaching of the author.Learn to do some proper analysis or STFU.

IDESofMARCH Tue, 11/21/2017 - 21:02 Permalink

There is hacking and theft every day in the crypro currency world. Non of these frauds get  media attention unlike fiat money and stock any mistermeaner gets cloberred by markets and law.  To the moon, Crypto hacking has been going on since it's birth.Today alone $31million was hacked and disappeared. There should be a site exposing and updating the frauds  not just the pumpers adds, fake news and pump ups.

Apeon Tue, 11/21/2017 - 21:17 Permalink

YOu think that something that is dependent---on  Communications/transportation, which is CONTROLLED, by the Gov't, is going to be our salvation-------- Ha Ha!