What is being told to people in High Schools about Bitcoin

[sakinaka]

Five days ago, a friend of mine studying Economics at High School had a discussion with its teacher, regarding Bitcoin, since I told her about that. Here's what the teacher said :

1. That's illegal : He did not bring many proves here, just saying that since it has not been regulated as a currency, we were in a grey area, and something in a grey area is rarely something that will become totally white from one day to another. He added that the sole purpose of that was to buy all kind of drugs over the Internet.

2. It will crash : He said that he had studied Bitcoin's price evolution throught the time (what I doubt) and said her that being so constantly rising was a sign that it was not a viable project. Its proof : manipulated prices of things like silver or wheat are very stable !

3. Anyone clear in its head wouldn't use it : First, he doesn't recognise any kind of manipulation of the money and the danger that there is for people keeping all their savings in fiat. I know that because I had him as a teacher too some times ago. So trying to explaining him about the fact that there is a clear war against cash and evident facts, like that that shows our money need to be converted into something viable to be protected from massive surveillance, is useless. Him not understanding that, since its the best argument I have, I couldn't have replied. When she told him about the speed of transactions, he replied "we have PayPal", so I said me that it wasn't worth to ever try explaining anything. As a final point, he said again that the sole real use that is making standing apart is that you can buy drugs on the Internet...

4. Bitcoin at a bigger scale would fail : I couldn't explain you much what he said because what she told me wasn't very clear so I personnally did not understood, as her I presume how confuse her explaination was. To summarize, he said that it's still a little market and that it will fail to scale and will go back to close to nothing in value.

I'd like to get your feelings on that. Just call the arguments 1, 2, 3 and 4 and tell me what you would have replied back and what it does inspire you !

[amacar2]

1. That's illegal :
2. It will crash :
3. Anyone clear in its head wouldn't use it :

4. Bitcoin at a bigger scale would fail :

1. Government backed and regulated currencies are manipulated even more than bitcoin with unlimited inflation and US government printing dollars without anything backing it other than simple virtual trust on their economic power.

2. Pure manipulation only can't create such constant growth of bitcoin price, the growth we are seeing is just natural which corresponds to increasing demand where as supply is limited.

3. Anyone clear in its head would buy bitcoin and store it for future.

4. Bitcoin at a bigger scale will actually get more success and value that it has right now, more community support means stronger bitcoin network.

[deisik]

1. That's illegal : He did not bring many proves here, just saying that since it has not been regulated as a currency, we were in a grey area, and something in a grey area is rarely something that will become totally white from one day to another. He added that the sole purpose of that was to buy all kind of drugs over the Internet

What is not made explicitly illegal should be considered as implicitly legal. I don't know how this concept is called properly in the legalese, but I'm inclined to think that similar concepts exist in many judicial systems across the world. On the other hand, Bitcoin in pretty well defined and regulated in many countries already. For example, in the US it is officially defined as a tradable commodity by the CFTC (a governing agency that regulates futures and option markets in the US)...

Also, you can buy drugs on the streets, but that doesn't make cash illegal

[xhomerx10]

I'm certain the teacher has no formal training in Bitcoin and as such what he says is opinion not fact.

[teddy5145]

1. That's illegal

Just because it's not regulated doesn't mean it was Illegal, Just like in my place.
Bitcoin is not a legit money according to the law but we are still free to do day-to-day bitcoin trade, but don't expect any help from the laws if I got scammed with Bitcoin

3.Anyone clear in its head wouldn't use it
4. Bitcoin at a bigger scale would fail

Tell your Teacher that the Japanese are proposing to use Bitcoin as one of their currency,
In fact, they already started doing that by a simple method to pay for their Utility bills
https://cointelegraph.com/news/japan-officially-recognizes-bitcoin-and-digital-currencies-as-money

I don't have much to say about the second point as he was kinda correct, Bitcoin price can crash anytime as it was volatile currency.
But for now the Bitcoin is pretty calm with the usual high and low

[asuryan180]

Well,that's what's the mainstream media and society is about.It will always present the things not in the right order and we experience that every day all around us.That's why we are the people that should represent BTC in a positive light.We should be the ones spreading the positives about BTC and only then more people will start actually associating BTC with positives.

[staff_1307]

This is exactly the same is the case when a person does not understand what it says. I'm sure he had no practice in this area.

[Cereberus]

I don't think Bitcoin is being discussed in high schools. In Europe I haven't heard of any high school talking about bitcoin, no matter if it is bad talk about it or good talk about it.

I am assuming the only classes where it can be discussed are the information technology classes. I think even if it is so the teacher would not have that much knowledge about bitcoin if he is not a user of it.

Teacher and bitcoin ? Bad combination I would say. So almost nothing is being told about bitcoin in high schools and if it is , certainly is for damaging the image of bitcoin and not the other way around.

[RealEstCoin]

There are typically no economics or finance classes offered in high school, but it is interesting that the topic was brought up at this level of schooling. It shows that generation of students will be the ones who use it more than any other demographic. Colleges will likely have to implement bitcoin topics into their finance and economics curriculum soon.

[DimensionZ]

I do not agree with points 1 and 3. It's not illegal because it's not legal either. We are grown men and we can use whatever we want that is not illegal. And since he brought up the PayPal example you could have said that Steam accept both Bitcoin and PayPal and I am sure there are a lot of very intelligent people there who know what they are doing.

Now points 2 and 4 are somewhat correct. Bitcoin can always crash because it's too volatile. This has been discussed to death but it's true. We could wake up tomorrow and the value could be back to $100. Also when Bitcoin gets more worldwide accepted a lot of local governments and regulators would want to put it into control and that may have a detrimental effect on the technology and lead to its failure. I am not saying this would happen 100% but it's still  possible though unlikely to happen.

I think the teacher is 50% talking out of his ass.

[botany]

Five days ago, a friend of mine studying Economics at High School had a discussion with its teacher, regarding Bitcoin, since I told her about that. Here's what the teacher said :

1. That's illegal :
2. It will crash :
3. Anyone clear in its head wouldn't use it :
4. Bitcoin at a bigger scale would fail :

I'd like to get your feelings on that. Just call the arguments 1, 2, 3 and 4 and tell me what you would have replied back and what it does inspire you !

The positives - the teacher has at least heard of Bitcoin and has a view. There could be a lot of people who say 'Bitcoin what?'
The negatives - the teacher is so mis-informed about what Bitcoin is. The fallacies (I wouldn't call them arguments) that he has about Bitcoin should be cleared up. I hope the teacher actually does some more reading up on Bitcoin.

[pooya87]

well that teacher clearly has little understanding of bitcoin and how it works. and i am surprised it was related to studying economics and someone who is teaching that says things like "it is illegal!" maybe that teacher is one of the buthurts who lost money because of fluctuations :d

[NorrisK]

To me it sounds more like the teacher has a personal grudge against bitcoin.

A good teacher would show both the positive and the negative aspects of bitcoin and let the students decide on their own what they think about bitcoin. This is just forcing an opinion down their throats.

[crwth]

That teacher is not well educated enough with Bitcoin to say those kind of things. Maybe he just based on his thoughts what he's hearing, the gossip of Bitcoin that it's bad or something. Not knowing the facts first before anything else. I hope he do some fact checking not just talking some crap to talk about Bitcoin. It's annoying.

For me, Bitcoin is an innovation that could make things easier in the future. Blockchain technology is the answer.

[botany]

well that teacher clearly has little understanding of bitcoin and how it works. and i am surprised it was related to studying economics and someone who is teaching that says things like "it is illegal!" maybe that teacher is one of the buthurts who lost money because of fluctuations :d

The curriculum on economics for high schools probably hasn't been revised in the last decade or so. So I wouldn't bank too much on the school teacher keeping up with trends in the real world.

[Rizky Aditya]

Five days ago, a friend of mine studying Economics at High School had a discussion with its teacher, regarding Bitcoin, since I told her about that. Here's what the teacher said :

1. That's illegal : He did not bring many proves here, just saying that since it has not been regulated as a currency, we were in a grey area, and something in a grey area is rarely something that will become totally white from one day to another. He added that the sole purpose of that was to buy all kind of drugs over the Internet.

2. It will crash : He said that he had studied Bitcoin's price evolution throught the time (what I doubt) and said her that being so constantly rising was a sign that it was not a viable project. Its proof : manipulated prices of things like silver or wheat are very stable !

3. Anyone clear in its head wouldn't use it : First, he doesn't recognise any kind of manipulation of the money and the danger that there is for people keeping all their savings in fiat. I know that because I had him as a teacher too some times ago. So trying to explaining him about the fact that there is a clear war against cash and evident facts, like that that shows our money need to be converted into something viable to be protected from massive surveillance, is useless. Him not understanding that, since its the best argument I have, I couldn't have replied. When she told him about the speed of transactions, he replied "we have PayPal", so I said me that it wasn't worth to ever try explaining anything. As a final point, he said again that the sole real use that is making standing apart is that you can buy drugs on the Internet...

4. Bitcoin at a bigger scale would fail : I couldn't explain you much what he said because what she told me wasn't very clear so I personnally did not understood, as her I presume how confuse her explaination was. To summarize, he said that it's still a little market and that it will fail to scale and will go back to close to nothing in value.

I'd like to get your feelings on that. Just call the arguments 1, 2, 3 and 4 and tell me what you would have replied back and what it does inspire you !

Everyone can have their own opinions, but my opinions on this teacher is that he/she is a complete retard. Why would they be feeding kids with the completely information? Points 2,3 and 4 are all up for debate, but the first point is not completely true. Bitcoin is not banned in most countries so why does this teacher think it is? Students should be learning the whole truth about Bitcoin, not just what someone thinks about it.

[traderethereum]

i think the teachers is not understand nothing about bitcon and don't know with government too. but here is my reason:

1. he just judge people using bitcoin to buy drugs in dark market but for the reality, not all of the people using bitcoin for negative reason, there are many people using bitcoin for positive reason and the teacher should know about this and could learn more about bitcoin.

2. yes its true if bitcoin will crash but for future, i don't think soo. the value for bitcoin will increase than now and i am sure with many people will understand bitcoin, they will want to use bitcoin and use it as currency like fiat.

3. i think this teacher don't want to open minded that nowadays, the technology is growing so fast and we can not follow if we don't want to understand something that is new for us. and wherever you want to understand about bitcoin, that teacher will not accepted it with your explain and he only said that bitcoin is illegal.

4. if the teacher said Bitcoin at a bigger scale would fail then he never see the market of bitcoin and never read about bitcoin news and nothing he can't do with bitcoin.

so my suggestion better you leave that teacher with his mind and better you explain with other people which open minded with new technology especially in the economic currency because in future, the economic will be growth more and people that is not realize about this will be far behind the other peoples.

[deisik]

There are typically no economics or finance classes offered in high school, but it is interesting that the topic was brought up at this level of schooling. It shows that generation of students will be the ones who use it more than any other demographic. Colleges will likely have to implement bitcoin topics into their finance and economics curriculum soon.

In fact, many of these students and pupils might be actively posting here earning pocket money while participating in signature campaigns. Most school teachers are not very informed in respect to what happens in the world outside their comfort zone overall. The profession itself requires a certain level of retardness and backwardness, so it is sort of natural selection. If you have been repeating the same shit over and over again for more than twenty years, you will soon lose any interest in anything new (provided you had any in the first place)...

The said doesn't refer to college and university teachers and professors, of course

[Juggy777]

Five days ago, a friend of mine studying Economics at High School had a discussion with its teacher, regarding Bitcoin, since I told her about that. Here's what the teacher said :

1. That's illegal : He did not bring many proves here, just saying that since it has not been regulated as a currency, we were in a grey area, and something in a grey area is rarely something that will become totally white from one day to another. He added that the sole purpose of that was to buy all kind of drugs over the Internet.

2. It will crash : He said that he had studied Bitcoin's price evolution throught the time (what I doubt) and said her that being so constantly rising was a sign that it was not a viable project. Its proof : manipulated prices of things like silver or wheat are very stable !

3. Anyone clear in its head wouldn't use it : First, he doesn't recognise any kind of manipulation of the money and the danger that there is for people keeping all their savings in fiat. I know that because I had him as a teacher too some times ago. So trying to explaining him about the fact that there is a clear war against cash and evident facts, like that that shows our money need to be converted into something viable to be protected from massive surveillance, is useless. Him not understanding that, since its the best argument I have, I couldn't have replied. When she told him about the speed of transactions, he replied "we have PayPal", so I said me that it wasn't worth to ever try explaining anything. As a final point, he said again that the sole real use that is making standing apart is that you can buy drugs on the Internet...

4. Bitcoin at a bigger scale would fail : I couldn't explain you much what he said because what she told me wasn't very clear so I personnally did not understood, as her I presume how confuse her explaination was. To summarize, he said that it's still a little market and that it will fail to scale and will go back to close to nothing in value.

I'd like to get your feelings on that. Just call the arguments 1, 2, 3 and 4 and tell me what you would have replied back and what it does inspire you !

The teacher is such a noob.i suggest you ask your friend teacher to come here and have a discussion with the community on the points he mentioned. Not only will he change his views but will invest also in it. But often even I get it, it's not a regulated currency and what if it crashes. This is general view of people not aware about Bitcoins, it's same as the birds telling monkey to build home before rains come, then rains come and birds mock monkeys and monkey destroy their house, such people are dumb if they can't even understand the basics. I yet say bring the teacher here, we will give him amazing lessons for life.

[davis196]

Five days ago, a friend of mine studying Economics at High School had a discussion with its teacher, regarding Bitcoin, since I told her about that. Here's what the teacher said :

1. That's illegal : He did not bring many proves here, just saying that since it has not been regulated as a currency, we were in a grey area, and something in a grey area is rarely something that will become totally white from one day to another. He added that the sole purpose of that was to buy all kind of drugs over the Internet.

2. It will crash : He said that he had studied Bitcoin's price evolution throught the time (what I doubt) and said her that being so constantly rising was a sign that it was not a viable project. Its proof : manipulated prices of things like silver or wheat are very stable !

3. Anyone clear in its head wouldn't use it : First, he doesn't recognise any kind of manipulation of the money and the danger that there is for people keeping all their savings in fiat. I know that because I had him as a teacher too some times ago. So trying to explaining him about the fact that there is a clear war against cash and evident facts, like that that shows our money need to be converted into something viable to be protected from massive surveillance, is useless. Him not understanding that, since its the best argument I have, I couldn't have replied. When she told him about the speed of transactions, he replied "we have PayPal", so I said me that it wasn't worth to ever try explaining anything. As a final point, he said again that the sole real use that is making standing apart is that you can buy drugs on the Internet...

4. Bitcoin at a bigger scale would fail : I couldn't explain you much what he said because what she told me wasn't very clear so I personnally did not understood, as her I presume how confuse her explaination was. To summarize, he said that it's still a little market and that it will fail to scale and will go back to close to nothing in value.

I'd like to get your feelings on that. Just call the arguments 1, 2, 3 and 4 and tell me what you would have replied back and what it does inspire you !

"This is illegal"-This is a big fat lie.Bitcoin is legal to use in most countries.

"It will crash"-Bitcoin exists for 7 years without crashing.

"Anyone clear in mind wouldn`t use it"-Obviously we are all idiots....

"....at a bigger scale would fail"-I`m not sure about that.