Skip to content

Blockchain News Feed

All the latest news on Blockchain & Cryptocurrencies

Menu
  • Home
  • News
  • Exchanges
  • Market Analysis
  • YouTube
  • Brave Browser
Menu

Cryptoeconomics, Bitcoin and the Radical New Face of Millennials

Posted on juni 8, 2018 by Blockchain News
“We should do away with the absolutely specious notion that everybody has to earn a living. It is a fact today that one in ten thousand of us can make a technological breakthrough capable of supporting all the rest. The youth of today are absolutely right in recognizing this nonsense of earning a living. We keep inventing jobs because of this false idea that everybody has to be employed at some kind of drudgery because, according to Malthusian Darwinian theory he must justify his right to exist. So we have inspectors of inspectors and people making instruments for inspectors to inspect inspectors. The true business of people should be to go back to school and think about whatever it was they were thinking about before somebody came along and told them they had to earn a living.” — R. Buckminster Fuller

A Pew Research Center study shows that 35% of the American labor force participants are Millennials. The statistic pushed “slacker and entitled” Millennials to the front of the class in 2016 when they surpassed Gen Xers to became the largest generation in the US labor force.

Millennials (ages 21 to 36 in 2017) outpaced Gen Xers and Baby Boomers with 56 million working or looking for work, compared to 53 million and 41 million respectively.

The study shows that the Baby Boom generation’s influence in the workforce is dwindling. As their numbers recede so will hardened opinions about money, jobs, family, freedom and lifestyle. Disruptive technologies will continue to show that many of the conventions that have been held up as untouchable – designed to persist for all eternity – are social constructs that can be diminished, rewritten and completely extinguished.

Millennials are driving the crypto craze, investing in Bitcoin, Ethereum, Litecoin and hundreds of other altcoins in the quest for innovation, new structures and new social contracts. “Over 82% of millennials say their investment decisions were influenced by the Great Recession when $14 trillion in wealth was lost. Many saw 50% or more wiped off their parents’ or older siblings’ wealth,” reports Kari Paul of MarketWatch. “Millennials regard the stock market with skepticism. People between the ages of 18 and 39 are less likely to invest money in the stock market than are other generations, studies show.”

While traditional investments and their creators are being tarred by the Great Recession, fiat money and its inflationary nature are being questioned. The challenge is not just technological but fundamental. The belief that money is an indisputable byproduct of biology – or an element of nature like Fire, Water or Air – is becoming more illusive and less certain.

Blockchain and other digital ledger technologies that underpin Bitcoin, Ethereum, IOTA, RChain and other cryptocurrencies are creating decentralized platforms to transfer ownership of physical assets, transmit value and currency across borders, and execute smart contracts between unknown parties. They’re promising a new economy built on tokenized and fractionalized assets. And since so many new enterprises are digital and don’t need to be in any specific location, they’re fueling a digital-nomad lifestyle that’s entirely new. Marriage and home ownership are on hold as well, no longer the sacred rites of passage that define a life worth living.

The shift from tradition to reinvention is freeing Millennials to float, experiment and question. They’re ditching cars, homes and street addresses for airports and Airbnbs around the globe. According to a survey by WeLance, the Millennial digital nomads are mostly male (64%) and work in a range of professions from programmers (22%) to online marketers and designers (17%). Nine percent visit 10 different countries in a 12-month period, with 32% visiting 5 to 10 countries and 29% visiting 3 to 5 countries. The average stay per country for 44% of respondents is 1 to 3 months; 32% stay 2 to 4 weeks; 25% stay 1 to 2 weeks. They live lean, reporting modest monthly income of $1K to $2K (27%), $2K to $3K (19%) and $5K+ (11%).

While 85% of the Millennials surveyed reported being very happy, the emotional merits of a traditional job that demands a grueling commute and a nine-to-five routine are up for rigorous debate. In the face of travel, laptops, automation, AI and employers who no longer want to retain full-time employees, Millennials are exploring their options.

“The growth of the freelance workforce is three times faster than the traditional workforce,” said Stephane Kasriel, CEO of Upwork, in an interview with Forbes. At the current growth rate, most American workers will be freelancing by 2027.

Crossing borders and going beyond physical addresses tied to national currencies and countries, Millennials will drive the demand for cryptocurrencies because they’re as mobile and as fluid as the lives they live. As for how or what defines a life filled with purpose, passion and career ambition – that’s the ultimate question. New rules apply.



Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin or cryptocurrency. Your transfers and trades are at your own risk. Any loses you may incur are your responsibility. Please note that The Daily Hodl also participates in affiliate marketing programs.

Check Out the Latest Headlines



The post Cryptoeconomics, Bitcoin and the Radical New Face of Millennials appeared first on The Daily Hodl.


Source: Daily HODL
Original Post: Cryptoeconomics, Bitcoin and the Radical New Face of Millennials

Ledger Nano X - The secure hardware wallet

Recente berichten

  • Nieuwe Shiba Inu-game is een hit in Vietnam
  • Court filings reveal Celsius will run out of money by October
  • Latest Ghana Inflation Rate the Highest in 19 Years — Economist Recommends Installation of Currency Board
  • Crypto Traders Bet on Ether Staking Yields Jumping to 8% Post Merge
  • FSInsight: Ether May Well Surpass Bitcoin’s Market Cap in Next 12 Months

Categorieën

  • Altcoin Buzz
  • Altcoin Buzz News
  • AMBcrypto
  • Bitcoin.com
  • Bitcoinist
  • BTC Manager
  • CCN
  • Coin Mastery
  • Coindesk
  • Coinpower News
  • Cointelegraph
  • CryproSlate
  • Crypto Daily
  • Crypto News (.net)
  • Cryptocoin News
  • Cryptocurrency News
  • CryptoDaily.co.uk
  • CryptoPotato
  • CryptosRUs
  • Daily HODL
  • DataDash
  • Ethereum Worldnews
  • Exchanges
  • ICO's
  • Invest in Blockchain
  • Market Analysis
  • News
  • News BTC
  • Newsbit
  • Portfolio
  • Pricecheck
  • Ready Set Crypto
  • The Modern Investor
  • ToshiTimes
  • Use The Bitcoin

Archieven

  • augustus 2022
  • juli 2022
  • juni 2022
  • mei 2022
  • april 2022
  • maart 2022
  • februari 2022
  • januari 2022
  • december 2021
  • november 2021
  • oktober 2021
  • september 2021
  • augustus 2021
  • juli 2021
  • juni 2021
  • mei 2021
  • april 2021
  • maart 2021
  • februari 2021
  • januari 2021
  • december 2020
  • november 2020
  • oktober 2020
  • september 2020
  • augustus 2020
  • juli 2020
  • juni 2020
  • mei 2020
  • april 2020
  • maart 2020
  • februari 2020
  • januari 2020
  • december 2019
  • november 2019
  • oktober 2019
  • september 2019
  • augustus 2019
  • juli 2019
  • juni 2019
  • mei 2019
  • april 2019
  • maart 2019
  • februari 2019
  • januari 2019
  • december 2018
  • november 2018
  • oktober 2018
  • september 2018
  • augustus 2018
  • juli 2018
  • juni 2018
  • mei 2018
  • april 2018
  • maart 2018
  • februari 2018
  • januari 2018
  • december 2017
  • november 2017
  • oktober 2017
  • september 2017
  • maart 2017
  • juni 2016
  • juli 2014
  • september 2013
  • augustus 2013
©2022 Blockchain News Feed | Design: Newspaperly WordPress Theme