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Author Topic: Are Your Kids Aware Of Bitcoin? Teach Them.  (Read 5550 times)
hZti
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June 03, 2023, 11:42:37 AM
 #501

Funny how all the people her talk about how their children will become rich if you teach them about bitcoin. Bitcoin is a currency, do you know what a currency is? A currency is something that is used as an exchange medium for goods and services, nothing more. If you plan to buy bitcoin just for the value increase that may happen in the next years you are simply a gambler because nobody knows what will happen.
So teach your kids about bitcoin so they can use it to be free of state surveillance and can have a decentralized way to store their wealt. But please don’t teach them about bitcoin so they will rich.
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June 03, 2023, 11:55:27 AM
 #502

Funny how all the people her talk about how their children will become rich if you teach them about bitcoin. Bitcoin is a currency, do you know what a currency is? A currency is something that is used as an exchange medium for goods and services, nothing more. If you plan to buy bitcoin just for the value increase that may happen in the next years you are simply a gambler because nobody knows what will happen.
So teach your kids about bitcoin so they can use it to be free of state surveillance and can have a decentralized way to store their wealt. But please don’t teach them about bitcoin so they will rich.

I have nothing to argue with you when you say bitcoin is a currency because that's what Satoshi created bitcoin for, but there's also nothing wrong or funny about people treating it like an investment. Everyone has different purposes, and how they want to use it is up to them. Like gold, there are users to store assets, there are users to make jewelry… no one is wrong.
And whether bitcoin is a currency or an investment, bitcoin should not be taught to children who are too young, they are beyond their abilities and minds. Teaching bitcoin to children is certainly a good idea, but it should be age appropriate.

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June 03, 2023, 12:48:45 PM
Merited by JayJuanGee (1)
 #503

The dream of every successful businessman or woman is to have a good successor. you can not be in the light in which bitcoin has brought you to and allow your children to suffer because you failed to teach them the secret behind your wealth. Let your kids know that bitcoin is the surest way to financial freedom, teach them now that bitcoin is of more value than fiat currency, educate them about the importance of bitcoin to mankind, let them know that bitcoin has changed the economy of countries who saw the light in it and adopted it as a means of doing transactions.

Now that your kids are young and vibrant, be their tutor, ensure they are bitcoin oriented, save them from financial dependency, encourage them to rely on bitcoin instead of saving fiat currency that Depreciates now and then.

Our kids represent the leaders of tomorrow, let's teach them about bitcoin now that we can.



For the future of our children, we must teach them about bitcoin. In order to be successful in life, it is necessary not to be late for some things. I discovered bitcoin late, but I learned fast and I continue to learn. We must teach this world to future generations. In order to be prepared for anything, they must first obtain their economic freedom. For this, they need to know what an investment is. After learning about the investment, they will understand the value of Bitcoin more. We must teach our children before it's too late.

You touched on a very valid topic, thank you.
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June 03, 2023, 03:10:31 PM
Merited by The Sceptical Chymist (5), JayJuanGee (1)
 #504

Let's ignore everything and just focus on teaching investing, teaching children to be rich from a young age, and when they grow up, they will be as rich as we expected.

Sounds like you do not even understand bitcoin, so how are you going to teach about it?

It seems to me that bitcoin has already touched upon all aspects of life, and has potential and likelihood to continue to become more embedded in various aspects of life.  Therefore, bitcoin is hardly ONLY about getting rich and investing, even though surely it can be considered from basic (and first principles) as important topic in which anyone (everyone) can profit from investing time, energies and finances into it.. which includes learning about various aspects of it.. even the basics in regards to recognizing the name (bitcoin) and understanding that it is a recently invented (discovered) paradigm-shifting phenomena (still seeming to be in its quite earliest of stages) that allows all people to interact/communicate and store value in ways that had not been previously possible.

For sure, the youngest of kids seem to have more difficulties engaging in abstract thinking beyond the physical.. but as they get older, they should become more and more capable in terms of communicating and understanding various kinds of way that there are kinds of value (including information) that have various non-physical components that have real important economic, social impacts on people - even if they might not be directly interacting with those information systems.. culture, religion and social interaction guidelines tend to be included in the kinds of non-physical subject matters that kids have learned about throughout the ages.. and it surely seems that bitcoin has become part of that informational space, whether you understand it or not.. whether you accept it or not, and whether you attempt to expose your kids to those ideas or not.

I couldn't agree more and I would be bold enough to say that it doesn't only seem like it. Bitcoin is touching upon more areas than we can probably think of right now. Let alone the long-term effects it can have on various aspects of society. To believe that teaching about Bitcoin as a gamble only is equal to teaching about how to become rich is clearly disrespectful towards the technology.

At times I wonder how many of the many developments taking place within the ecosystem (and how it expands) Satoshi Nakamoto himself was able to anticipate. Did he think that one day Bitcoin might revolutionize the energy markets or support the distribution of energy grids in areas where it is usually not worth the risk to build power plants? In rural areas where infrastructure is missing to distribute electricity, it is now a viable option to invest because if nobody buys the energy for some time (or not all of it), it could be dedicated to mining.

I believe these are amazing concepts and it is not the only and last one. I am sure there is much more to come and that is actually what I talk about when people ask me about Bitcoin. Sure, they also ask me whether they can still become rich. But a good answer is that if they listened to what Bitcoin could actually be able to incentivize and facilitate, they could make their own educated guess after doing some more studying.

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June 03, 2023, 03:18:19 PM
Merited by tiCeR (1)
 #505

Funny how all the people her talk about how their children will become rich if you teach them about bitcoin. Bitcoin is a currency, do you know what a currency is? A currency is something that is used as an exchange medium for goods and services, nothing more. If you plan to buy bitcoin just for the value increase that may happen in the next years you are simply a gambler because nobody knows what will happen.
So teach your kids about bitcoin so they can use it to be free of state surveillance and can have a decentralized way to store their wealt. But please don’t teach them about bitcoin so they will rich.

There is something wrong about the way that you are describing what bitcoin is and/or what you should teach or should not teach.

If you teach your kids that there are certain kinds of assets that are more valuable and others that are less valuable, and that with bitcoin the value of saving has come back, so in that sense if anyone is attempting to build wealth (or even to use currencies), and they may well figure out that if they spend their less valuable currencies (and assets) first and thereby end up saving bitcoin and stacking sats with their remaining (extra income), then the value of their savings has good chances of increasing with the passage of time and especially in the longer term...

So whether or not the long term saver and hodler and responsible spender is ready, willing and able to save and build his/her bitcoin stash, there are possibilities that such bitcoin savers/accumulators will be better off than they would be if they had not included bitcoin into their savings/investing plans.  

None of us know these kinds of future outcomes, but it still seems that there should be meaningful, genuine and age-appropriate attempts to teach various aspects of these kinds of bitcoin-related ideas and values, including being able to distinguish the differences between bitcoin and shitcoins and not to get lured into shitcoins... even if they are still going to have some of their own decisions to make, it still seems better to teach values including that shitcoins do not tend to add much if any value to the world, especially in comparison to bitcoin and especially in terms of needing to know bitcoin first, even before dabbling into shitcoins, if they or anyone else happens to be tempted into such mostly nonsense areas that are bitcoin-adjacent (or bitcoin affinity scams) at best.

For the future of our children, we must teach them about bitcoin. In order to be successful in life, it is necessary not to be late for some things. I discovered bitcoin late, but I learned fast and I continue to learn. We must teach this world to future generations. In order to be prepared for anything, they must first obtain their economic freedom. For this, they need to know what an investment is. After learning about the investment, they will understand the value of Bitcoin more. We must teach our children before it's too late.

You touched on a very valid topic, thank you.

You are not late flyingcarpet.  Many people believe that they are late, and then sometimes then are lured into FOMO or panic.. so there should be no reason to panic, so long as you do the best with the information that you have and get started with your investing into bitcoin as soon as possible, planning around such bitcoin investing and continuing to attempt to learn about various aspects of bitcoin - including sharing knowledge with the so many people who are low coiners, no coiners, precoiners, and who still have not begun much if any efforts to invest into bitcoin (time, energies and value).

Of course, there should be no reason to over do any of your approach to bitcoin, and attempt to pace yourself in order that you do not end up making mistakes that cause you to lose large portions of any bitcoin that you might have had stacked along the way... but at the same time, realizing that almost no matter what some mistakes are going to be made and there are ways to attempt to learn from mistakes even if some times some of the mistakes might end up repeating.. and we grow from mistakes, even if we might not intend to be making them.. but they are nearly inevitable kind of things that happen in all areas of life, including bitcoin-related areas.

[edited out]
I believe these are amazing concepts and it is not the only and last one. I am sure there is much more to come and that is actually what I talk about when people ask me about Bitcoin. Sure, they also ask me whether they can still become rich. But a good answer is that if they listened to what Bitcoin could actually be able to incentivize and facilitate, they could make their own educated guess after doing some more studying.

Yes, many times no coiners, precoiners and even low coiners will conjecture that some of us bitcoin-focused people sound like nutjobs - because we might even be suggesting that a paradigm-shifting invention(discovery) like bitcoin expands the kinds of value that is even possible, so if we might consider that the world's monetizable value is around $1 quadrillion in today's dollars, it is quite possible that we might even consider that the world's monetizable value (not even including inflation into that because referring to "today's dollars") may well be expanded 10x or more, merely because such a paradigm shifting concept such as bitcoin has been invented/discovered and put into practice... we live in some lucky times to have bitcoin, even though surely there may well be some disadvantages to it too.. just like fire, electricity, the ability to composite steel, the automobile, the plane, the light bulb the internet and/or the wheel might have some disadvantages to them also, but they (individually and as combined in various ways) also increased the various ways that value creation became possible after their inventions/discoveries.

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