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Author Topic: Financial education and Bitcoin.  (Read 967 times)
eternalgloom
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September 09, 2016, 01:05:54 PM
 #21

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So based on this information, where would you introduce Bitcoin into the lives of our youths, considering that Bitcoin needs more responsible people, because you place all the financial decisions in your own hands and not into the hands of some bank or financial institution. ^hmmmm^

Why does Bitcoin need more responsible people than any other form of money? Your argument that all financial decisions are in one's own hands is without merit, because interventions by banks and financial institution that restrict private financial decisions are perceived as an abuse of power by most people. Bitcoin is no special case compared to "ordinary money" when it comes to human behavior.

I'm opposing the view that people need to be "educated" to do the "right thing". It's another form of power abuse, because those who define what's "right" manipulate children to follow their agenda. In my opinion, people should be free to make their own experiences and manage their funds as they see fit. Patronizing people in their financial matters prevents independent learning and encourages appeal to authorities.

Besides that the methodology of the "study" is not adhering to any reasonable standard, the outright furtiveness of the project becomes apparent when closely looking at its implementation: The children are taught to use saving accounts, i.e. fiat money banking services. In fact, the whole study is not an independent endeavor to improve financial literacy and critical thinking in financial matters, but centers around pro-banking propaganda. No thanks!

ya.ya.yo!
Ok, point taken, but the project was just posted as a stimulus for discussion on what Bitcoin people should do to improve on that. You have highlighted an important aspect, and we should rather just concentrate on education to protect, rather than prescribing to people how to manage their money.

I would rather warn people about my mistakes and prevent them from repeating them. ^smile^

Yeah, this seems to be centered around banks, but the idea behind it is actually pretty good.
It might be a good idea for someone to set up a similar guide centered around Bitcoin and distribute it through NGO's

India seems like the right place to do something like that now, since they will be receiving free 4G soon.

 

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September 09, 2016, 01:17:05 PM
 #22

I am glad that i was able to learn bitcoin for almost a year by now. It was really a big help on my part as a student as i was able to buy the things i needed and i can also say that i am quite good on economics subject because of being in this industry.



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johnnyyash
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September 09, 2016, 01:29:20 PM
 #23

that is true ,financial education is very much important at the beginning age , because at the young age people tend spend time other activities like games , play etc , but financially guiding them also an important task  like what is money an dhow we can earn , save  and use it in a proper way and slowly on the digital currency also.
Sure... And true talk..
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September 09, 2016, 01:33:05 PM
 #24

i love this and let me say, i am very big on financially educating not only children but also adults.
you teach your kids to have something to eat if they are hungry and to go to the toilet if they have to. how do you find out if it is to early? you just try. also nothing happens if you kids needs longer to learn this. at some point you teach them about money.
so some time after that i would show them bitcoin, but in a playful way first. play shop or something.
first they need to know how wallets and all work. then you have to teach them about the safety aspect and then they are ready to use it.
just make sure you do not stop there and teach them also about how money works.

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September 09, 2016, 01:46:32 PM
 #25

Financial for education is important me as a student i earn money from bitcoin where ican get weekly bitcoin which is i always convert my bitcoin into money and i use that for my weekly expenses bitcoin has a effect on me or big help on my life and bitcoin help me to pay my tuition fee every month also Smiley

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September 09, 2016, 02:34:05 PM
 #26

Thanks Kakmakr, you are absolutely right. 

Bitcoin needs to be introduced as soon as possible not only because of its importance in trade and finance but also because learning how it works is highly educative. 
Many people who grow up under fiat feudalism never learn about currency issuance, seignorage, or things like escrow, physical delivery, etcetera.  Learning what public coin is and how to use it will greatly empower our children in Kenya and around the world - even if they don't immediately have a chance to use it. 


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September 09, 2016, 03:30:45 PM
 #27

To be able to teach the younger age of financial education is really great. I beleive that teaching them early about this give them better opportunity when  they are old. Even if you teach your children how to save money is very helpful.

I agree kids should be taught about financial education as soon as they can grasp knowledge and differences of things.  This will equip them when they grow up and can deal greatly when it comes to financial management.  As early as this kids taught about the importance of money and how to save and manage it for the future use, the better the discipline of the kids  and result it will be.

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September 09, 2016, 04:15:51 PM
 #28

We live in an age that everyone should have at least moderate financial education. Money is more important than ever. People without money is considered as scums. In a capitalistic world, you exist as long as you have money. Money or gtfo.

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September 09, 2016, 04:29:09 PM
 #29

To be able to teach the younger age of financial education is really great. I beleive that teaching them early about this give them better opportunity when  they are old. Even if you teach your children how to save money is very helpful.


Yes, that would be my take.  To expand my views a bit, I would encourage some small financial education even to young children (especially saving).  But, I would certainly include more financial education (and encouragement to learn more on one's own) as adults. 

Imagine the type of society we might have were people more financially literate (less debt, more BTC, a clearer knowledge of the banking system, etc.).
ardentvolcanoes
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September 09, 2016, 05:43:43 PM
 #30

that is true ,financial education is very much important at the beginning age , because at the young age people tend spend time other activities like games , play etc , but financially guiding them also an important task  like what is money an dhow we can earn , save  and use it in a proper way and slowly on the digital currency also.

lmao . at the young age maybe you can start to learn or to teach the younger age on how do we earn money , maybe it would be better if you would only teach them the things about saving and the proper way of using their money while they are not reaching the age 17 and above . of course at the young age especially those between the age 8-13 they usually tend play games or whatsoever as well as the ages 14-16 they are the tricky ones so they are not responsible enough to be taught about earning money because there's a tendency that they would focus on earning money and will neglect their studies .

B O

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