Home / Crypto Currency / Are Millennials and Crypto our Future?

Are Millennials and Crypto our Future?


Advertisement

This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below.

How millennials are changing the way we think about ASKfm

Millennials enthusiastically support advanced technologies and are fueling the most innovative of them. A great example of this is the blockchain. People between 20 and 35 years of age feel at home in crypto, giving this industry power and new ways to evolve.

There are five major reasons the crypto world is such a comfortable place for millennials:

  • Good knowledge of technologies;
  • Being social when getting information;
  • Preference for integrated services;
  • Trust in tech instead of organizations;
  • High adaptability and flexibility.

Let’s explore these points in depth and try to discover how millennials push businesses into crypto and why ASKfm 2.0 will be a perfect match for them.

They Have Digital Technology at their Fingertips

Millennials grew up surrounded by digital technology, and they intuitively know how to use it. Ordinary things are usually done with devices, it feels absolutely natural for this generation. In the future, there’ll definitely be fewer problems one cannot solve using a smartphone. Crypto’s a part of said future.

Crypto doesn’t only help solve problems, but creates new opportunities. Being pragmatic and very digitally literate persons, millennials welcome the latest innovations, expanding experiences and are happy to utilize new ways of money making. The concept of ASKfm 2.0, being on the cutting edge of social demands, is to provide it’s users with the possibility to find answers to their questions and get rewarded for providing quality information.

They Get Information in a New Way

Previously, to get information the default action was to google it. How do people act nowadays? They ask questions on social media. Among hundreds of friends, won’t there certainly be one or two educated or experienced experts who can help?

ASKfm 2.0 provides the possibility to reach more people than on ordinary social media, and get answers faster. In addition, it’ll build an expert community where competent people in particular areas can share information and get rewarded for it.

They Want to Have Everything in One Place

Integrated systems, not requiring multiple logins with various services, on one platform — this is definitely the future for people who prefer not spending too much time googling around. Blockchain, the underlying technology of crypto, allows us to easily bring together different functionality. One can have different kinds of services all using the same token system and providing users with a smooth and familiar experience without having to reach anywhere else. For example, initially ASKfm 2.0 will provide a Q&A platform as well as a tutoring and courses system, all integrated – and more related services can be easily added on top.

They Believe in Decentralized Systems

Self-regulated projects with transparent and independent economies are something millennials believe in. People don’t believe governments and bureaucrats, but technology is incomparably more trustworthy. Open-source, decentralized blockchains are being chosen by millennials as it caters to their tastes.

They Have High Adaptability and Don’t Fear Risk

Despite the volatility of the cryptocurrency market, millennials see it as a trustworthy field. It seems they’re in a good position to assume the risk of an industry because it’s a space with both high risk and rapid growth, where growth is considered worth the risk, which they don’t really fear. Millennials have grown accustomed to instability and uncertainty in life, that’s why they’re more adaptive and feel less stress when interacting with volatile fields.

Dynamically changing and constantly evolving areas are places millennials feel comfortable, as users and contributors. ASKfm 2.0 is such a place.

Read more

Check Also

US Investor Files Lawsuit Against AT&T Over Cryptocurrency Theft

A U.S.-based cryptocurrency investor and entrepreneur has filed a multi-million-dollar lawsuit against telecommunications firm AT&T. Michael Terpin believes that he became the victim of a theft in which a large amount of digital currency was taken from him due to the company’s negligence. Terpin Believes He Was the Victim of a SIM Swap Fraud Michael Terpin has brought legal action against the U.S. telecommunications provider AT&T. The investor and early cryptocurrency advocate filed a 69-page complaint with the U.S. District Court in Los Angeles. During the document, Terpin claims that a large number of digital coins and tokens were stolen from him on January 7, 2018. It goes on to state that AT&T are guilty of gross negligence and fraud, which resulted in the loss of a substantial amount of cryptocurrency. According to Reuters, AT&T responded via email to the complaint by stating: “We dispute these allegations and look forward to presenting our case in court.” The filing claims that Terpin was the victim of a SIM swap fraud that was made possible by the negligence of AT&T. Such a scam involves fraudsters convincing a mobile phone provider to switch a user’s phone number to another SIM card which is under their control. Scammers can then use the number to reset login information for various accounts, allowing them to access them. Michael Terpin is the co-founder of BitAngels – an early angel group for Bitcoin investors. He also helped to set up the first digital currency fund, the BitAngels/Dapps fund in 2014. Today, Terpin is one of the Alphabit Fund’s top advisers. According to the court documents, a total of three million digital tokens were taken from Terpin. Back in January, these were worth around $23.8 million collectively. The filing also states that Terpin is seeking an additional $200 million in punitive damages. Whatever the outcome of Terpin’s court case, it illustrates the dangers of keeping large amounts of digital assets anywhere but in properly secured cold storage. The precise details of the storage of Terpin’s tokens are not currently known. However, any solution which could be comprised by SIM swap fraud is evidently not secure enough. Terpin’s missing funds join the other $1.2 billion plus of cryptos stolen from poorly secured storage solutions since 2017. The case also highlighted a need for adequate custody services in the cryptocurrency industry. This is seen by many as one of the most important steps to opening cryptocurrencies to a wider group of investors. Many do not have the technical knowledge required to set up totally secure paper wallets. Others simply shirk the responsibility of being the sole participant responsible for the safety of their digital wealth. The industry is responding, however. Already this year, NewsBTC has reported on efforts by Circle, Coinbase, and Blockchain to facilitate secure storage for large net-worth individuals and institutions. Featured image from Shutterstock. The post US Investor Files Lawsuit Against AT&T Over Cryptocurrency Theft appeared first on NewsBTC.

Leave a Reply

Your email address will not be published. Required fields are marked *

Disclaimer: Trading in bitcoins or other digital currencies carries a high level of risk and can result in the total loss of the invested capital. theonlinetech.org does not provide investment advice, but only reflects its own opinion. Please ensure that if you trade or invest in bitcoins or other digital currencies (for example, investing in cloud mining services) you fully understand the risks involved! Please also note that some external links are affiliate links.