Non-Poll: How would you Explain Bitcoin to a 7 year old Child?

[Sannyasi]

when you're older son- this is big boy stuff, go play with your dools, er GI Joes........

[rb1205]

Son: What are bitcoins, papa?
Me: Tokens of value, son.
Son: <blank stare>
Me: See this coin? You can give it to someone in exchange for something. But it's just a token. You've seen me pay by credit card, that was another token of value, a different one. Bitcoins are another token of value, but just easier to manage.
Son: Oh, I get it. It's an enhanced form of cryptocurrency that solves the double spend problem through the use of an open block chain. I imagine it'll use SHA256 or something to act as a proof of work so that transactions can be mathematically proved to be correct without the need for an overseeing middleman. And because they're just numbers then they can be stored on arbitrary media making them extremely portable.
Me: <blank stare>

God i lol'd so hard

[bitcoinTrader]

Son: What are bitcoins, papa?
Me: Tokens of value, son.
Son: <blank stare>
Me: See this coin? You can give it to someone in exchange for something. But it's just a token. You've seen me pay by credit card, that was another token of value, a different one. Bitcoins are another token of value, but just easier to manage.
Son: Oh, I get it. It's an enhanced form of cryptocurrency that solves the double spend problem through the use of an open block chain. I imagine it'll use SHA256 or something to act as a proof of work so that transactions can be mathematically proved to be correct without the need for an overseeing middleman. And because they're just numbers then they can be stored on arbitrary media making them extremely portable.
Me: <blank stare>

LOL 

[Litt]

It's the kind of money you don't have to pay back when  you make it.

[nosfera2]

Dad: It's a kind of money the computer makes when you're not playing video games.

Son: Is that why Mom's always telling you to get off Call of Duty?

[true]

Bitcoin: play-money for grown-ups.

[BitCoinBarter]

"What are electrons?" 

The answer was, "That's the magic that makes the internet (and other things) work." 
Of course your son may have responded with, "What is the internet?"

You can not win with the growing mind of a 5 year-old.

I told him my new graphics card was "a money-making machine," he seemed to accept that pretty easily.

He remembered your last conversation and figured that you do not know.
After all, he asked Momie and see told him it was Magic.

[Phinnaeus Gage]

Police Officer: I pulled you over for having no tail lights. May I see you license and registration, please?

Five Year Old in Back Seat: Daddy. Ask the nice policeman if he makes money in his basement like you do.

[SmokeAndMirrors]

Your underestimating 7 year olds.

My underestimating 7 year olds?

^ This is simply amazing. 

[RandyMarsh]

Your underestimating 7 year olds.

My underestimating 7 year olds?

Punctuation win

[qikaifu]

Bitcoin is a money that runs on computers. Not only the governments' but everyone's. So, only the people get to decide how money is made.

Your father told you about PEOPLE or GOVERNMENT things when you 7 years old? Won't the kids ask you, what is governement...

[Jaime Frontero]

Bitcoin is a money that runs on computers. Not only the governments' but everyone's. So, only the people get to decide how money is made.

Your father told you about PEOPLE or GOVERNMENT things when you 7 years old? Won't the kids ask you, what is governement...

i had my daughter on her very own computer when she was three.  she learned her alphabet that year, and to my chagrin developed a preference for walter lantz cartoons over bugs bunny, et al. (since corrected).

she grokked government and money before she was six.

like the guy said - don't underestimate them.

she just turned 22.