Yu’ve heard of Generation X, Millenials, Gen Z’ers – well here’s to Generation C – Generation Crypto
“Gen C was born out of the 2008-9 financial crisis, Satoshi Nakamoto having inscribed the Jan. 3, 2009, London Times headline, ‘Chancellor on brink of second bailout for banks,’ in Bitcoin’s Genesis Block.
The ‘traditional financial and governmental institutions suddenly seemed incompetent and illegitimate,’ says Lana Swartz, assistant professor of media studies at the University of Virgina, of the effect of the financial meltdown. Alternate economic efforts like the ‘sharing economy’ emerged, bringing with it companies like Airbnb in 2008 and Uber in 2009 and fueling the gig economy. The first iPhone had just come out in 2007, along with the mobile payment system M-Pesa. ‘You have all the things you need to re-vision money,’ says Swartz, setting the stage for Bitcoin to go mainstream.”