How would you tell kids about bitcoin?

[nandaltc]

I would tell them to stay away from Chinese exchanges!!

Why? I think they are good, I really used a chines Exchanger who is really good to me. Are you talking about BTC-e?

I think I will tell my Children, that if you want to earn some extra do use bitcoin, if it will be alive after 10 year 

[1714796430]

1714796430

[shorena]

As money in general is very abstract to most young kids I would not explain much about bitcoin, but rather show them how it works. Depending on the age possibly discuss more advanced ideas like >50% attacks, double spends in their different forms, etc.

How would you explain bitcoin to a kid?

"A multi-player server on the wildly popular video game Minecraft has introduced bitcoin to its world as a way of teaching children about digital currency."
http://www.coindesk.com/kid-friendly-minecraft-server-launches-bitcoin-economy/

If you are invited to give a speech about bitcoin to school kids, how would you introduce bitcoin?

i would not use the words "digital decentralised crypto currency"

i would simply have the game that accepts bitcoin, and a few online shops that sell candy, childrens clothing and just show the kids how easy it is to buy things.
i would explain that the 'funds' are not stored in a bank account by some company, but instead spread out all over the world and accessed using the special wallet and passkey, ensuring no one but the holder of the key can touch the funds.

it needs to be as simple as handing a kid some pocketmoney and showing them how to spend it.. and thats all

I like this idea as well, dont focus on the workings, focus on the use. Its pretty similar to how you would explain young kids the internet. You dont talk about routers, servers, backbones and all that. You show them what it has to offer and how it can be used (safely).

[ebliever]

Well, I wouldn't actually start with bitcoin, if I wanted to teach kids about bitcoin. I'd start with Piggycoin instead, as it is more geared to the purpose:

https://www.piggy-coin.com/

Note that they have a seed fund that educators can tap into to give kids a little "play money" in crypto to play with. My four kids all have Piggycoin accounts and I pay them regularly for little off-the-cuff tasks or when they are just being especially good and helpful as a way of thanking them.

I wish there was a game like Farm Satoshi (farmsatoshi.com, referral address https://farmsatoshi.com/?ref=13181) that was suitable for kids. Farm Satoshi actually has a very kid-friendly look and feel to it and would be easy for them to pick up. It's a fun game that uses satoshi for currency and handles real payouts (like a faucet) through Xapo. The problem is that the advertising is not kid-friendly on the whole. So if someone could cut out the "Russian/Thai/Chinese babes" type ads (which are only a fairly small proportion), it could be a real winner for something like this.

[Argwai96]

Well, I wouldn't actually start with bitcoin, if I wanted to teach kids about bitcoin. I'd start with Piggycoin instead, as it is more geared to the purpose:

https://www.piggy-coin.com/

Note that they have a seed fund that educators can tap into to give kids a little "play money" in crypto to play with. My four kids all have Piggycoin accounts and I pay them regularly for little off-the-cuff tasks or when they are just being especially good and helpful as a way of thanking them.

I wish there was a game like Farm Satoshi (farmsatoshi.com, referral address https://farmsatoshi.com/?ref=13181) that was suitable for kids. Farm Satoshi actually has a very kid-friendly look and feel to it and would be easy for them to pick up. It's a fun game that uses satoshi for currency and handles real payouts (like a faucet) through Xapo. The problem is that the advertising is not kid-friendly on the whole. So if someone could cut out the "Russian/Thai/Chinese babes" type ads (which are only a fairly small proportion), it could be a real winner for something like this.

I would say for any kid under 14 those are good startup points, has an sample my 15 year old is all about grown up stuff since he wants to be cool with his friend everything most be adult because kid stuff is not for him anymore.

but defendly great tools to get kids learning about digital currencies.

[Snorek]

How would you explain bitcoin to a kid?

"A multi-player server on the wildly popular video game Minecraft has introduced bitcoin to its world as a way of teaching children about digital currency."
http://www.coindesk.com/kid-friendly-minecraft-server-launches-bitcoin-economy/

If you are invited to give a speech about bitcoin to school kids, how would you introduce bitcoin?

It is not a new concept I've heard about something like that before. I recall that someone created Minecraft server but with Litecoin economy and it didn't go well.
In short after sometime there were like wealthy elite on the server who can afford anything and 95% of other players were peasants. I wonder how it will go this time.

[BitcoinNewbie15]

I would show an animation video explaining what Bitcoin is to kids. I also think incorporating Bitcoin into some sort of a Video game would be a great way of getting kids interested in Bitcoin and it would also possibly make them want to learn more about Bitcoin.

[lorylore]

If you could explain bitcoin to a kid then you understand the bitcoin.

[Kakmakr]

Well, I wouldn't actually start with bitcoin, if I wanted to teach kids about bitcoin. I'd start with Piggycoin instead, as it is more geared to the purpose:

https://www.piggy-coin.com/

Note that they have a seed fund that educators can tap into to give kids a little "play money" in crypto to play with. My four kids all have Piggycoin accounts and I pay them regularly for little off-the-cuff tasks or when they are just being especially good and helpful as a way of thanking them.

I wish there was a game like Farm Satoshi (farmsatoshi.com, referral address https://farmsatoshi.com/?ref=13181) that was suitable for kids. Farm Satoshi actually has a very kid-friendly look and feel to it and would be easy for them to pick up. It's a fun game that uses satoshi for currency and handles real payouts (like a faucet) through Xapo. The problem is that the advertising is not kid-friendly on the whole. So if someone could cut out the "Russian/Thai/Chinese babes" type ads (which are only a fairly small proportion), it could be a real winner for something like this.

I would not introduce my kids to Farmsatoshi because all indications are that they are just another Ponzi scheme. See : ChickenCoins
Yes, you are right on using Piggycoin as a example and more gaming related sites should catch on to this.
Let's just hope, when they make tons of Bitcoins, they will not use it on Silkroad III. ^chuckle^

[Stn]

What for you want to explain Bitcoin to a kid? Average kid hardly understands concept of money at all. It is too abstract for a young brain. Forget about Bitcoin god sake. Leave them joy of childhood.

If you told me this at the kindergarden, I would cry for you underestimating me.

I don't deny small share of wunderkinds in a kindergarten. And may be you were the one. But average kid knows only:
1. money is a thing to exchange for sweets and toys
2. money comes out from mummy's purse

I don't consider this as understanding. Baby elephant taking banknote from tourist and running to the local refreshment stall has the same level of understanding of money concept.

[pooya87]

Well, I wouldn't actually start with bitcoin, if I wanted to teach kids about bitcoin. I'd start with Piggycoin instead, as it is more geared to the purpose:

https://www.piggy-coin.com/

Note that they have a seed fund that educators can tap into to give kids a little "play money" in crypto to play with. My four kids all have Piggycoin accounts and I pay them regularly for little off-the-cuff tasks or when they are just being especially good and helpful as a way of thanking them.

I wish there was a game like Farm Satoshi (farmsatoshi.com, referral address https://farmsatoshi.com/?ref=13181) that was suitable for kids. Farm Satoshi actually has a very kid-friendly look and feel to it and would be easy for them to pick up. It's a fun game that uses satoshi for currency and handles real payouts (like a faucet) through Xapo. The problem is that the advertising is not kid-friendly on the whole. So if someone could cut out the "Russian/Thai/Chinese babes" type ads (which are only a fairly small proportion), it could be a real winner for something like this.

I would not introduce my kids to Farmsatoshi because all indications are that they are just another Ponzi scheme. See : ChickenCoins
Yes, you are right on using Piggycoin as a example and more gaming related sites should catch on to this.
Let's just hope, when they make tons of Bitcoins, they will not use it on Silkroad III. ^chuckle^

i agree, i don't know about farmsatoshi or any similar games for that matter but i think introducing bitcoin to a kid with a game is the best way to teach them about it.

[ebliever]

I would not introduce my kids to Farmsatoshi because all indications are that they are just another Ponzi scheme. See : ChickenCoins
Yes, you are right on using Piggycoin as a example and more gaming related sites should catch on to this.
Let's just hope, when they make tons of Bitcoins, they will not use it on Silkroad III. ^chuckle^

A Ponzi scheme is where you invest money and then get a return on your investment, only it turns out they pay you back with other, later, investors money.

Farm Satoshi is a game that pays you, in essence, for viewing advertising. You can't invest money into it, so it cannot be a Ponzi scheme.

I'm at level 20 in the game now, and it looks like I'll be able to earn about 100,000 satoshi/day after I finish power-leveling. I've got 550,000 satoshi laying there right now if I wanted to withdraw it. And not a satoshi invested. ;-)

[dkosasi]

I was make PH $10 few month a go and I got lottery etc... and now I make gh $250 and successful...thanks all member MMMBTC#MMMPays

[Argwai96]

If you have a 15+ kid that like to go shopping and you tell him hey here is a map of the stores you could go buy stuff at with bitcoin on hes cell phone, trust me he will understand just do you dad or mom homework to what places on your city take bitcoin has payment and give him some.

[myveryown]

I have given my niece n nephew some - in a vanity address, but they are not getting the private keys until i feel they are old and wise enough to look after them, they should learn a valuable lesson or two this way

[jt byte]

It's money that's stored in the computer. When daddy wants to pay someone, he sends the money through the Internet to the other person's pc.

[CEG5952]

I'd probably tell my kids all about bitcoin slowly like how it works and stuff like that. But not now. I like how my daughter doesn't want to get involved in any form of currency. She's allergic to this. She doesn't even want a dollar. She just wants food on her lunchbox.

[BlitzandBitz]

Give them some and see what they do with it.

[CEG5952]

Give them some and see what they do with it.

First thing they'll ask is "What is this?" ofcourse they wont spend it right away without any knowledge so you should go and guide them before giving them some for spending.

[dollarneed]

the first important thing i would teach them about internet,business and four quadrant like robbert kiyosaki told  and then i explain about bitcoin and how it works,i would to teach them to build a business and adopted bitcoin for their payment but i would not suggest them to doing something like what i've done in bitcoin but i just wanna show them the tips and trick,and let them to make their own decision what should they choose based on their passion.

[scarsbergholden]

Give them some and see what they do with it.

First thing they'll ask is "What is this?" ofcourse they wont spend it right away without any knowledge so you should go and guide them before giving them some for spending.

Yea most likely you have to give them a guide of is bitcoin use for and what can they buy, a few minutes for them to learn how to work a mobile wallet and how to make a payment, i would also give them a list of places where they could pay with bitcoin.