How are under 18's using Bitcoin?

[fairglu]

How would under 18's with no jobs be able to afford mining equipment that sounds a little unrealistic to me.

Most altcoins can be mined on CPU (at launch) or cheap GPUs. If you have time on your hands to, you can be there early.

[seafarer124]

McXNOW does not require ID for trading.

There are some smart under 18s out there.

Maybe, parents verify on an exchange and they operate the account.  I would use my ID etc to help my kids if they were interested.

Nothing wrong with kids being interested in finance.

[devthedev]

McXNOW does not require ID for trading.

There are some smart under 18s out there.

Maybe, parents verify on an exchange and they operate the account.  I would use my ID etc to help my kids if they were interested.

Nothing wrong with kids being interested in finance.

Exactly, I've learned a lot about finance and security working with Bitcoin for the past two or so years.

[Raya]

I would be willing to open a account for my kids if they were interested in Bitcoin and limit them how much they can invest so they don't lose it all.

[DeboraMeeks]

I have 10 BTC and I'm only 15, lol.

How the funk?

[DeboraMeeks]

I have 10 BTC and I'm only 15, lol.

How?!

[Kreigyr]

I have 10 BTC and I'm only 15, lol.

How?!

How not? Kids with gaming PCs + parents paying for electricity + 2012 = 10 BTC

[sharkin]

Why can't minors use bitcoin, it is money.  The only reason minors can't really get contracts for stuff is because they can basically sue for all their money back, so noone wants to issue them stuff.  Yes, its not that simple but you get the point.  
Anyways i'm sure we will soon here a story about some 14 year old spending all his communion money or some other bullshit on bitcoin and losing it from dumb trades, then bam public outcry against bitcoin.  

[devthedev]

I have 10 BTC and I'm only 15, lol.

How?!

How not? Kids with gaming PCs + parents paying for electricity + 2012 = 10 BTC

I said I "have" 10 BTC, I didn't say how much I "had"

[BurtW]

localbitcoins.com

[Raya]

I have 10 BTC and I'm only 15, lol.

How?!

How not? Kids with gaming PCs + parents paying for electricity + 2012 = 10 BTC

I said I "have" 10 BTC, I didn't say how much I "had"

So under a year you have made 10 Bitcoin? nearly 6000 dollars? Shame you can't withdraw yet unless you get your parents too..

[HorseCoin]

I have 10 BTC and I'm only 15, lol.

How?!

How not? Kids with gaming PCs + parents paying for electricity + 2012 = 10 BTC

I said I "have" 10 BTC, I didn't say how much I "had"

So under a year you have made 10 Bitcoin? nearly 6000 dollars? Shame you can't withdraw yet unless you get your parents too..

he could always go to McDonald's or Starbuck's and trade it with a cop

[Raya]

I have 10 BTC and I'm only 15, lol.

How?!

How not? Kids with gaming PCs + parents paying for electricity + 2012 = 10 BTC

I said I "have" 10 BTC, I didn't say how much I "had"

So under a year you have made 10 Bitcoin? nearly 6000 dollars? Shame you can't withdraw yet unless you get your parents too..

he could always go to McDonald's or Starbuck's and trade it with a cop

probably spend it on games and women.

[Mitchell]

Why would they buy? Lol. There are enough people out there with enough knowledge to create websites and stuff. Simply accept Bitcoins and a payment and voila.

And damn all these fucking trolls in this topic.

[Raya]

To be honest most teenagers are more up to date than me with technology and I always get taught by them on how to do things.

[AndersAA]

Bitcoin is like cash. Anyone can use it.
It's a parent's job to keep an eye on their children's financial situation and decide if they should be allowed to trade/buy/sell.. just like cash.
A lot of parents should keep an eye on their electricity bill though:)

[Bees Brothers]

All my children have bitcoins and use them.  All their bitcoins they have earned with their business or trading (no allowances and free handouts in our family).

The two teenagers use exchanges (mcxnow is a favorite right now), trade stocks, mine, buy things for themselves, have sold for cash a few times P2P, and given out loans (small amounts in all these categories).

The bulk of all their savings and transactions are done with btc.  About the only thing they use cash for is when I need to borrow some from them (and they charge me interest payable in btc if I don't pay them back quickly).

They also know our their CPA and have met with him in his office on occasion.  We aren't rich or anything, just that they need to learn this stuff if they want to be independent, functioning slaves members of society.

There is a lot of parental involvement, but they are pretty much on their own.  Like when I get home from work one of the first things I sometimes ask is "how was your trading today?" or once a month I might ask "are those miners still running?"

My favorite thing about bitcoin is that it has pricked their interests in tech stuff and now when I have an IT question I can just ask them instead of calling someone.

[devthedev]

All my children have bitcoins and use them.  All their bitcoins they have earned with their business or trading (no allowances and free handouts in our family).

The two teenagers use exchanges (mcxnow is a favorite right now), trade stocks, mine, buy things for themselves, have sold for cash a few times P2P, and given out loans (small amounts in all these categories).

The bulk of all their savings and transactions are done with btc.  About the only thing they use cash for is when I need to borrow some from them (and they charge me interest payable in btc if I don't pay them back quickly).

They also know our their CPA and have met with him in his office on occasion.  We aren't rich or anything, just that they need to learn this stuff if they want to be independent, functioning slaves members of society.

There is a lot of parental involvement, but they are pretty much on their own.  Like when I get home from work one of the first things I sometimes ask is "how was your trading today?" or once a month I might ask "are those miners still running?"

My favorite thing about bitcoin is that it has pricked their interests in tech stuff and now when I have an IT question I can just ask them instead of calling someone.

I like you

[MakeBelieve]

All my children have bitcoins and use them.  All their bitcoins they have earned with their business or trading (no allowances and free handouts in our family).

The two teenagers use exchanges (mcxnow is a favorite right now), trade stocks, mine, buy things for themselves, have sold for cash a few times P2P, and given out loans (small amounts in all these categories).

The bulk of all their savings and transactions are done with btc.  About the only thing they use cash for is when I need to borrow some from them (and they charge me interest payable in btc if I don't pay them back quickly).

They also know our their CPA and have met with him in his office on occasion.  We aren't rich or anything, just that they need to learn this stuff if they want to be independent, functioning slaves members of society.

There is a lot of parental involvement, but they are pretty much on their own.  Like when I get home from work one of the first things I sometimes ask is "how was your trading today?" or once a month I might ask "are those miners still running?"

My favorite thing about bitcoin is that it has pricked their interests in tech stuff and now when I have an IT question I can just ask them instead of calling someone.

You really are a awesome guy/gal for doing that for your children good job.

[BurtW]

So under a year you have made 10 Bitcoin? nearly 6000 dollars? Shame you can't withdraw yet unless you get your parents too..

Bullshit.  I trade BTC with anyone - except cops trying to do a sting.  There is nothing preventing my 5 year old from owning, buying or selling BTC.  In fact I gave her a few physical BTC for her allowance when they were about $5 and, wisely, she put them in her savings and has held on to them and still has them.

We have taught her to split her allowance into three parts:  savings, spending and sharing.  On her own she decided to do 25% sharing (donations to the things she believes in), 25% spending (candy, barbies, etc.) and 50% savings (she says "for college").