Quote from: Phinnaeus Gage on March 21, 2012, 03:13:06 AM

Quote from: ArticMine on March 21, 2012, 02:51:28 AM

Quote from: DeathAndTaxes on March 20, 2012, 04:33:57 PM

You likely don't. However most Boomers will be dead within 20 years which is how long I think it will take Bitcoin to become as mainstream as Paypal, twitter, or ebay.

I would like to see your source on the life expectancy of baby boomers. A more realistic figure for the average life expectancy of a baby boomer is 30 years. That also means that a significant portion of the baby boomers will live well past age 80.

As to why a baby boomer should hold Bitcoin. Very simple. Holding a small portion of their retirement savings say even under 1% in Bitcoin can mean the difference between a comfortable retirement and retiring in poverty particularly should the stock market drop significantly.

By the way I am a baby boomer
I am not planning my retirement on the basis of dying in the next 20 years
I do hold Bitcoin

... and by the way I also backed up my wallet.dat among other places on a 5.25in floppy disk. A technology that was obsolete before most of the members of this forum were born!

Well, I got mine on an 8" floppy disc, Sonny. Seriously, there currently are about 65 million of us boomers still around. Imagine only a fraction of them converting 1% of their savings into Bitcoin. The way I figure it, that'll be the ultimate hedge against inflation. Fuck gold! $1,700 worth of gold today, buys you $1,700 worth of stuff. Twenty years from now, if gold is at $5,000/oz, you'll be able to buy...wait for it...$5,000 worth of the exact same stuff.

~Bruno~

Floppies? It wasn't profitable to run the devices to access them. USB is more efficient. If Bitcoin has done anything to you, if forces you to budget your electricity usage.

Budgeting and gauging electricity usage is certainly helpful to the boomers. I think it should be integrated in every retirement plan to have AT LEAST 1GH/s running.