Continued from pt.1 here:
https://steemit.com/cryptocurrency/@dbom/crypto-is-the-new-vcr-clock-pt-1
Aging Rural Americans like my parents are in the best position to benefit from innovations in #blocktech and #fintech although most of them have no internet access or a smartphone to look up or transfer balances, make or schedule payments, as well as lowering or avoiding fees. It's just not in their wheelhouse, leaving them extremely vulnerable to conmen, hucksters, shysters, and other proverbial varmints looking to take their entitlement checks and run for the hills never to be seen again.
The struggle is real.
Programming a VCR clock is the best example you could give to aging grey-haired boomers
Every time I visited my parents and saw that blinking "12:00" right in my eye line atop that 80's entertainment console; I just wanted to jump out of my skin until I could find the first opportune moment to set it. They immediately noticed the next time they saw it. "Oh, you set the time!" It was not a satisfying accomplishment. It was somewhat of a disappointment that civilization only progresses as fast as the slowest among us.
That is the important distinction that needs to be understood between generations. The older ones among us need younger people they can trust to manage that VCR clock. Managing their money is a whole other ball game with a whole different level of trust. Who will they trust their money with other than a banker who wears a drab blue suit n' tie and uncomfortable dress shoes that require a shoehorn to put on for godsakes?
With cryptos decentralized nature and lack of insurances & regulations, it can take some convincing for older folk to want to turn over a nest egg to small independent cryptopreneurs. As mentioned, they are open to scams that will likely popup on local commercials with a geriatric actor to get them into a 'new type of pension fund' or 'insurance plan' that pays out 'larger dividends than your current plan'. Slick taglines that they are more comfortable with then our superiorly hip digi-lingo.
The solution is to assign the task to a family member that is already in the crypto investment space to oversee a mutual family fund. It is likely the best and most effective option at this time so people can buy in now and build family wealth to avoid more decades of crippling debt and zero inheritance.
Continuing with the VCR analogy; when the power goes out or the device gets unplugged, it'll go back to it's default state - resetting the clock.
We cannot let the clock reset on our aging population in their sunset years. The times when they should be enjoying the fruits of the backbreaking labor they endured for our benefit. The labor that will soon be a thing of the past.
We can honor that last, greatest generation by helping them put their money to work for them, their families, and lift the financial burden of elder care off future generations.
Doug Bohm
