Boomer Father Takes Orange Pill!

Dear old dad and I are talking today and he complains about a new law that requires a 1099 anytime you send more than $600 through payment apps like venmo. We talk about how the banks want to know who you send money to, why you're sending it, and limit how much or how often you can transact. I casually mention that Bitcoin allows you to send money to anyone, anywhere, for any reason, any amount, and anytime. It was like a light bulb went on above his head and all of a sudden he saw the value of Bitcoin. After years of indifference my Boomer dad wants to buy some Bitcoin. He's still convinced there's a company or something that runs Bitcoin (I've explained decentralized miners a few times already but it doesn't seem to sink in) but it's cool that he sees the applications of the technology.

I spend some time in the precious metals community and you typically get a lot of animosity towards crypto. Plenty of those people complain about paypal holding their funds, charging extra fees, demanding info, etc. The irony is that these people who don't like Bitcoin have a problem that is solved by using Bitcoin.

Moral of the story: people see a problem but they don't see the solution. Bitcoin is a solution for so many of the financial problems in our world. If my old man can come around on Bitcoin it's a good sign for where things are headed.