Bitcoin Creates Hope For A Generation Found Hopeless

This opinion editorial is by Trey Walsh, senior director for youth programs at MassHire Metro North Workforce Board, Somerville, Massachusetts. It’s a commentary from Trey Walsh. One group, especially in the West, has become increasingly dissatisfied, and in some cases, more hopeless than the rest: Gen Z. There is one reason to believe that this generation can still have hope. It is Bitcoin. Many articles and studies have been written about Gen Z and the mental health problems that they face in light of the COVID-19 pandemic and other factors such as inequality, politics, social-economic and labor market conditions, and many more. These factors have taken a toll on the generation. There is still a narrative of hopelessness. From environmentalist groups placing the burden of future climate catastrophes on this younger generation to politicians describing each election as a fight to preserve democracy/nation. My generation, millennials, has more reasons to be optimistic than previous generations. They were given more reasons to be optimistic — such as relative affordability of the American middle-class dream — and encouraged to be who they want to be and to embrace innovation and creativity at all costs. My generation has seen the devastating reality of financial crises, student loans, and other anxieties similar to those facing Gen Z. However, we have the advantage of having been raised in an age of unlimited possibility thanks to the internet, which has better prepared our generation for today’s world. These issues have had a profound impact on my generation. As the senior director of youth programs at a Somerville, Massachusetts-based nonprofit that works with high school partners in the region, it is clear to me how our youth face grim prospects. From trying to get through school during COVID-19, the deplorable state of virtual learning, to trying to navigate work, college, and mental health challenges, while many of these students also have to support their families’ basic needs, it is clear to me that our youth face dire outlooks. Teachers are underpaid and overworked, and students don’t have the support they need to navigate these issues. Families are faced with rising inflation and a lack of savings. College is not affordable. These past few years have not seen much hope, if any, in the form of hope. There is still much to be optimistic about with Bitcoin. Like the internet, Bitcoin sees new uses and possibilities every year. After Satoshi Nakamoto’s whitepaper was published on October 31, 2008, in the wake a severe financial crisis, there has been increasing hope in Bitcoin’s use cases and possibilities. End of discussion. End of discussion. Unfortunately, many Gen Z people have been told this is true. However, the truth is that Bitcoin’s potential, especially through mining, and the positive effects it has on the environment are limitless and being realized. Bitcoin can be used to encourage further renewable energy development, offset carbon emissions, stabilize energy grids, and bring energy to remote locations around the globe via financial incentives. The benefits of Bitcoin for the environment should be explained to young people who are concerned about climate change. They can also see the immense potential of using it to combat climate change and spread prosperity and stability to those in greatest need. Gen Z is more concerned about injustice, inequality, corporate greed, and is skeptical of “capitalism.” Bitcoin provides equal access, a transparent system that can’t be manipulated or controlled and offers equal access. We are doing a disservice by not sharing the progressive ideas in Bitcoin that promote financial freedom, equality, and greater transparency with this younger generation. Should we allow banks and the wealthy to be the first to adopt Bitcoin? Or should we make Bitcoin something that encourages Gen Z access to this freedom technology? Bitcoin Is Hope For Democracy Gen Z is becoming increasingly skeptical about politicians and the American political system. Fiat incentives in politics are severely limited with Bitcoin and the bitcoin standard. Bitcoin is a system that “don’t believe, verify” which, regardless of intent, means more accountability in politics and less manipulation. This does not guarantee a perfect utopian democracy or fix politics, but it can offer hope to those who want to have their voices heard and have the freedom to shape their own narratives and create a better world. This list of hope via Bitcoin is only the beginning. Gen Z deserves to be told the stories of hope in Bitcoin rather than being beaten down by the future hellscape that is increasingly taking a toll on their generation. Gen Z is fighting for a better future. Bitcoin must play a central part in their fight to make that a reality. This guest post is by Trey Walsh. His opinions are his own and do NOT necessarily reflect those of BTC Inc., Bitcoin Magazine, or his employer.

 

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