BITCOIN AS GIFTS FOR TEENAGERS

[WZBcoin]

If you want to educate them from the bottom, then forcing them to create their own wallet is better.

Fully agree, that what I have tried to explain in my above post..I believe that would more beneficial if they could learn more about bitcoin technology rather than just received funds.

I think giving them the seed will force them to do some research and search the wallet on their own.
I have gave a few gifts to friends like this. Like 10 usd in bitcoin... I just gave them the seed which have addresses with balance.
It is a nice and good practice imo, as it will incentive people to make research about it and learn more interesting aspects of bitcoin

Again, I won't agree with you. Giving them seen will not force, but it is very easy step to send money. Forcing them to create their own wallet and teach them about wallet, seeds, private keys, hash, clients, change address and so on would be more beneficial as I said above. You just send 10$ to your friends but this isn't good practise. By this way they would misunderstood from the beginning. They might think their seeds could compromised with friends since you already know their seeds. Is this really good practice? I don't think so. Do right things with newbies to they will learn right. Share seeds wouldn't good practice ever either with friends or families.

I see your point. We need to invest more time in motivating joiners to learn by impulsing tehm to taking steps on their own as well, so we don't just limite all to giving out fund but to make them takes positive steps to explore the Blockchain potentialities. Great contribution Coolcryptovator! many thanks

[HCP]

All kinds of games, social media, porn, funny videos, and other links circulating around. All those find which friend visits your profile most often type of services are a great front to steal data, private info, etc.

It's like all those "Here are my answers, now copy to your timeline and post your answers!" posts that do the rounds on Facebook... and they ask questions like:

- Name of first girlfriend/Boyfriend
- Street where you lived as a child
- First school
- First Pets name
- Favourite Colour
- Mother maiden name
- First Car that you owned

etc etc... which all look like "Password Recovery Security Questions" or a commonly used password components... and you're tying it directly to your public facebook profile!

It's basic social engineering... genius in it's simplicity.

[WZBcoin]

The experiment is worth while so far, such that I've won attention of some friends around here to expand the scope and keep the ball rolling...
The BRD wallet is the most interesting to most of the tenenagers but the  transaction fees is high. Taking into consideraton that they are receiving small amount of bitcoin. There is an instance where the transaction fees was more than the 0.0005BTC that was a consolation prize to the participant.
"BRD: IMPORT WALLET: Transaction fees would cost more than the funds available on this private key"
I had to withdraw back the paper wallet and send the coins directly to the participant BRD WALLET. Meanwhile, the blockchain wallet is also easy to setup and it has a low transaction fees. I am trying to make this the introductory wallet for them.
I want to encourage them to send coins between themselves, as a good practical usage, I think this is a good approach to achieve a good Peer to peer digital currency transaction...
I am going to focuss on blockchain wallet because of the transaction fees but I'll let them understand and be aware of the different between the cold  storage and the hot storage etc...
Thanks for your contributions, I'll keep updating.
Best regards

[HCP]

The BRD wallet is the most interesting to most of the tenenagers but the  transaction fees is high. Taking into consideraton that they are receiving small amount of bitcoin. There is an instance where the transaction fees was more than the 0.0005BTC that was a consolation prize to the participant.
"BRD: IMPORT WALLET: Transaction fees would cost more than the funds available on this private key"

I suspect that it might just be a case of "bad timing"™... with the BTC price nudging USD$10K, and the halving approaching... the network has become quite chaotic and very busy. As such, there are a LOT of transactions occurring and with that, a sharp uptick in fee rates

It is a little disappointing to see that BRD doesn't support fully customised fees... and only has a "Low Priority/Normal/Priority" system in place

Still, this could be treated as a learning opportunity to educate the recipients on how the bitcoin network works and how fee rates work with respect to the number of unconfirmed transactions and confirmation times etc.

[WZBcoin]

The BRD wallet is the most interesting to most of the tenenagers but the  transaction fees is high. Taking into consideraton that they are receiving small amount of bitcoin. There is an instance where the transaction fees was more than the 0.0005BTC that was a consolation prize to the participant.
"BRD: IMPORT WALLET: Transaction fees would cost more than the funds available on this private key"

I suspect that it might just be a case of "bad timing"™... with the BTC price nudging USD$10K, and the halving approaching... the network has become quite chaotic and very busy. As such, there are a LOT of transactions occurring and with that, a sharp uptick in fee rates

It is a little disappointing to see that BRD doesn't support fully customised fees... and only has a "Low Priority/Normal/Priority" system in place

Still, this could be treated as a learning opportunity to educate the recipients on how the bitcoin network works and how fee rates work with respect to the number of unconfirmed transactions and confirmation times etc.

Yes, the time was not very helpful but as you rightly put it is part of the learning opportunity.
I think it is a positive obstacle as it will allow preparation for future cases when the bitcoin is getting to the massive adoption stage and the price starts to fly up and goes mooning...

[ncoelho]

use sat2.io, gives you a link people can redeem in bluewallet

[WZBcoin]

use sat2.io, gives you a link people can redeem in bluewallet

This looks cool and awesome, really easiest way to get them onboard. How does it works no detail information on the website. Can you tell me more or any reference for detail inforamtion on how it works. I CAN'T WAIT TO TEST THIS.
Many thanks

[HCP]

Note that sat2.io is utilising "Lightning Network"... not necessarily a problem, but something to be aware of. These transactions are generally "off-chain"... and really designed for "small" amounts.

Also, check out BlueWallet here: https://bluewallet.io/

I've used BlueWallet, it's not too bad. Probably worth checking out for your purposes.

Note: When/If you eventually want to withdraw the bitcoins to a "normal" Bitcoin wallet, it will create an "on-chain" transaction... unfortunately, BlueWallet doesn't currently actually have a withdraw feature implemented, so you need to use an "exchange" (they currently redirect to zigzag.io).

[WZBcoin]

This goes to share my experience about this teenagers motivational project. I hope this message finds you all well.
I wanted to share some updates about the project I embarked on recently, which aimed to introduce Bitcoin to the teenage footballers at our football academy as a form of positive reinforcement for their training progress.
While the project had noble intentions and was driven by a belief in the potential benefits of blockchain technology and cryptocurrency for young individuals, I was able give out bitcoins to more than half of the teenagers, before I had some resistance by parents. I regret to inform you that it did not succeed as planned, despite the enthusiastic interest and cooperation of the teenagers themselves. The main obstacle that I encountered was the strong opposition from the parents of the teenagers. Many of them expressed concerns and reservations about Bitcoin and blockchain technologies, which ultimately led to the project's failure.
I respect the parents' viewpoints and understand that these concerns stem from a place of care and caution for their children. It is essential to prioritize the trust and confidence of parents in any educational initiative involving teenagers. Therefore, I have decided to discontinue the Bitcoin gifts project at this time.
While this project may not have achieved its intended goals, it has taught me valuable lessons about the importance of considering the broader perspectives and concerns of all stakeholders when implementing such initiatives. It has also reinforced the significance of clear communication and transparency in any educational endeavor.
I remain committed to providing the best training and support to our teenage footballers. Moving forward, I will continue to explore innovative ways to inspire and motivate them to excel in their training, always with the best interests of both the teenagers and their parents in mind.
It was not all bad news as we won the league and it was a fantastic season for my boys. They only won 3 matches the previous season to invert the trend, as they only suffered one defeat the season I tried to motivate them with bitcoin.
Thank you for your support and understanding throughout this journey. Your encouragement has meant a lot to me, and I look forward to sharing more successful endeavors in the future.
If you have any suggestions or ideas for future projects, I would be eager to hear them. Let's continue to work together to make a positive impact on our teenagers' lives.

[Z-tight]

I regret to inform you that it did not succeed as planned, despite the enthusiastic interest and cooperation of the teenagers themselves. The main obstacle that I encountered was the strong opposition from the parents of the teenagers. Many of them expressed concerns and reservations about Bitcoin and blockchain technologies, which ultimately led to the project's failure.

I'm sorry that your project failed.

What exactly were the parents concerns and reservations about BTC and the blockchain technology? Did they complain that BTC is not a currency that they want their children to get involved with or is the lie that BTC is for crime and illicit activities popular in your area? I would like to know why exactly the parents rejected the offer and what they think about BTC.

[WZBcoin]

Mainly most parents hold the belief that BTC, lacking government oversight and approval, is primarily associated with money laundering and illicit business activities.

[Z-tight]

Mainly most parents hold the belief that BTC, lacking government oversight and approval, is primarily associated with money laundering and illicit business activities.

I could guess that was the problem, it is sad that at a time when it should be very easy for people to do their own research and get the right information, they make their decisions based on what they read online from anti-bitcoiners who constantly attack the network. BTC with its public ledger and transparency in tx's isn't as good for money laundering as people think, except it is done by someone with a very good understanding of the network. Laundering money with cash is so much easier, but people think BTC is the problem.

[WZBcoin]

Mainly most parents hold the belief that BTC, lacking government oversight and approval, is primarily associated with money laundering and illicit business activities.

I could guess that was the problem, it is sad that at a time when it should be very easy for people to do their own research and get the right information, they make their decisions based on what they read online from anti-bitcoiners who constantly attack the network. BTC with its public ledger and transparency in tx's isn't as good for money laundering as people think, except it is done by someone with a very good understanding of the network. Laundering money with cash is so much easier, but people think BTC is the problem.

You've  rightly recognized the roles of the anti-bitcoiners in this present case, It seems that these detractors can often be viewed as a "Trinity" composed of three influential entities: The Bank, The Media, and Political Power. Against these detractors it's important for us to continue the engagement of the public opinion in constructive dialogues and educating them of the multiple perspectives surrounding this trans-formative technology. Hoping that with our persistence and perseverance in the public awareness process we can get the mainstream public opinion on our side.

[michellee]

Mainly most parents hold the belief that BTC, lacking government oversight and approval, is primarily associated with money laundering and illicit business activities.

I could guess that was the problem, it is sad that at a time when it should be very easy for people to do their own research and get the right information, they make their decisions based on what they read online from anti-bitcoiners who constantly attack the network. BTC with its public ledger and transparency in tx's isn't as good for money laundering as people think, except it is done by someone with a very good understanding of the network. Laundering money with cash is so much easier, but people think BTC is the problem.

You've  rightly recognized the roles of the anti-bitcoiners in this present case, It seems that these detractors can often be viewed as a "Trinity" composed of three influential entities: The Bank, The Media, and Political Power. Against these detractors it's important for us to continue the engagement of the public opinion in constructive dialogues and educating them of the multiple perspectives surrounding this trans-formative technology. Hoping that with our persistence and perseverance in the public awareness process we can get the mainstream public opinion on our side.

It seems that it is still difficult to make people aware to really open themselves up to new things. Even though there is the internet, it doesn't guarantee that people will look for as much information as possible about Bitcoin.

It seems that the government is also "restricting" the movement of Bitcoin in society by continuing to spread the news that Bitcoin is just a tool for carrying out illegal activities without telling them that Bitcoin is actually a valuable asset for them. The government does not want to lose the power it has built long ago and continues to try to spread rumors or bad news to the public.

And it seems that the presence of a government that is truly willing to "open up and accept new things" is very necessary but unfortunately, they are still controlled by people who have higher power. So the key is in the hands of the government and if they really allow it, they will educate the public about bitcoin/crypto.

[Lucius]

Maybe you went in the wrong direction from the beginning, which is that you went directly towards the children, and you bypassed their parents, who still take care of these children and behave protectively. If you take into account all the scandals that have passed through the media and in which Bitcoin is mentioned in the past few years, then maybe you can understand why parents react in such a way.

Of course, it is not Bitcoin's fault that someone is not capable of running his company or has dishonest intentions from the very beginning of a project, but the media you mentioned write what people want to read, and bad news sells far better than good news.

Politics and banks are only (still) fairly static observers who do not need to make any big moves, because the average person is already instrumentalized to such an extent that he does not easily (or at all) accept anything that deviates from established norms of socially responsible behavior.

[WZBcoin]

Maybe you went in the wrong direction from the beginning, which is that you went directly towards the children, and you bypassed their parents, who still take care of these children and behave protectively. If you take into account all the scandals that have passed through the media and in which Bitcoin is mentioned in the past few years, then maybe you can understand why parents react in such a way.

Of course, it is not Bitcoin's fault that someone is not capable of running his company or has dishonest intentions from the very beginning of a project, but the media you mentioned write what people want to read, and bad news sells far better than good news.

Politics and banks are only (still) fairly static observers who do not need to make any big moves, because the average person is already instrumentalized to such an extent that he does not easily (or at all) accept anything that deviates from established norms of socially responsible behavior.

Yes, that's one of the lesson I learnt from the project, that it is very important to seek the consent of the parents or guardians before introduction of such projects that may generate controversy. Thanks for your advice.

[WZBcoin]

Mainly most parents hold the belief that BTC, lacking government oversight and approval, is primarily associated with money laundering and illicit business activities.

I could guess that was the problem, it is sad that at a time when it should be very easy for people to do their own research and get the right information, they make their decisions based on what they read online from anti-bitcoiners who constantly attack the network. BTC with its public ledger and transparency in tx's isn't as good for money laundering as people think, except it is done by someone with a very good understanding of the network. Laundering money with cash is so much easier, but people think BTC is the problem.

You've  rightly recognized the roles of the anti-bitcoiners in this present case, It seems that these detractors can often be viewed as a "Trinity" composed of three influential entities: The Bank, The Media, and Political Power. Against these detractors it's important for us to continue the engagement of the public opinion in constructive dialogues and educating them of the multiple perspectives surrounding this trans-formative technology. Hoping that with our persistence and perseverance in the public awareness process we can get the mainstream public opinion on our side.

It seems that it is still difficult to make people aware to really open themselves up to new things. Even though there is the internet, it doesn't guarantee that people will look for as much information as possible about Bitcoin.

It seems that the government is also "restricting" the movement of Bitcoin in society by continuing to spread the news that Bitcoin is just a tool for carrying out illegal activities without telling them that Bitcoin is actually a valuable asset for them. The government does not want to lose the power it has built long ago and continues to try to spread rumors or bad news to the public.

And it seems that the presence of a government that is truly willing to "open up and accept new things" is very necessary but unfortunately, they are still controlled by people who have higher power. So the key is in the hands of the government and if they really allow it, they will educate the public about bitcoin/crypto.

That's very correct, countries that are friendly to Bitcoin  and Blockchain are mostly were we have bitcoiners in their politics. We need to encourage those fiends that have political ambitions to promote legislation and political policy that increase awareness and true protection of blockchain adopters.

[NotATether]

Mainly most parents hold the belief that BTC, lacking government oversight and approval, is primarily associated with money laundering and illicit business activities.

Cash and bank credit have government oversight and approval yet are used for money laundering 100x more than Bitcoin.

Even custodial fiat services such as CashApp, Venmo, Zelle and Paypal are not so much better in terms of illicit usage. Also as private companies they have the right to seize your money whenever they want. But at least there's an 18+ age limit earmarked on these platforms.

[virasog]

Mainly most parents hold the belief that BTC, lacking government oversight and approval, is primarily associated with money laundering and illicit business activities.

This is just a lack of knowledge and nothing else. Usually, people show trust in things which are approved by the government and usually, we see the government not accepting Bitcoin, resulting in this type of mindset for those who do not research further.
As far as money laundering is concerned, it is more convenient to use fiat money to launder money than you use the transparent blockchain and think that your actions won't be noticed. Again, this is the feed by the media to keep people away from Bitcoin and crypto currencies.

[Synchronice]

While the project had noble intentions and was driven by a belief in the potential benefits of blockchain technology and cryptocurrency for young individuals, I was able give out bitcoins to more than half of the teenagers, before I had some resistance by parents. I regret to inform you that it did not succeed as planned, despite the enthusiastic interest and cooperation of the teenagers themselves. The main obstacle that I encountered was the strong opposition from the parents of the teenagers. Many of them expressed concerns and reservations about Bitcoin and blockchain technologies, which ultimately led to the project's failure.
I respect the parents' viewpoints and understand that these concerns stem from a place of care and caution for their children. It is essential to prioritize the trust and confidence of parents in any educational initiative involving teenagers. Therefore, I have decided to discontinue the Bitcoin gifts project at this time.

It's not really your duty to promote bitcoin and talk people about its pros, you shouldn't really try to convince anyone because there is absolutely no pro that you get, instead, people blame you for promoting it and if anyone buys or gets involved in bitcoin because of your influence, then they'll blame you for their loss. Also, if these teenagers start talking about Bitcoin in family and invest their savings in Bitcoin, their parents may reach to you and it can turn into a problem.

Mainly most parents hold the belief that BTC, lacking government oversight and approval, is primarily associated with money laundering and illicit business activities.

Cash and bank credit have government oversight and approval yet are used for money laundering 100x more than Bitcoin.

Even custodial fiat services such as CashApp, Venmo, Zelle and Paypal are not so much better in terms of illicit usage. Also as private companies they have the right to seize your money whenever they want. But at least there's an 18+ age limit earmarked on these platforms.

But that doesn't change the fact that people think Bitcoin is used for illicit activities, right NotATether?