Importance Of early Cryptocurrency Education for Children(HAPPY CHILDREN DAY)

[Wiwo]

happy Children's day
I never new how exciting and important children day was until I and my spouse welcomed our child recently and since then I have taken everything that relate to children very important, as children reminds us of the purity of nature.
So I started reminiscing on the important things I can teach my children at their early stages that will have a lifelong positive impact on them and among all other things I choose to teach them cryptocurrency BTC, teaching them the basic fundamental knowledge on the value for money and financial discipline, how to own and operate cryptocurrency related activities, How to recognize scam and most importantly the technicalities around Bitcoin/crypticurrency
This was born out of the motivation I got from my previous thread about the 14 years boy and the sister who are earning multiple stream of income from mining on their gaming computer, with the help of the father you can check it here:

I was amazed by this news of 14 years old and his 9 years sister making a living through ethereum mining which generates them $32k monthly income, this is so incredible and highly commended, the kids use their old gaming computer to start up this amazing business and there are already expanding. I guess our kids are already taking advantage of the gains of blockchain and are already doing amazing stuff through the blockchain.
Kid making $30000 monthly income.

Link to news
https://finance.yahoo.com/news/14-9-years-old-making-165453877.html

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[NeuroticFish]

While teaching them, like a game, this or that (I've thought my son to use hardware wallet, but he doesn't know the implications), I think that pushing financial information too early will not really help (it's too much information, too much background to be told and can easily become boring). The technical info can be even more boring.
Yeah, starting a miner and seeing it hashing can also be fun.

But no, getting kids take care of a mining farm looks as child labor to me; that can break and needs fixed (i.e. needs technical skills) or can get on fir if not done properly. Heat and noise (in case of Bitcoin miners) can be also not suitable for kids.

My opinion is, especially as Children's Day is near, is to let the children be children. Let them enjoy their childhood, even if that means a bit bigger effort for you.
There will be time for teaching them these things when they'll get bigger. Now it's their time to play.

[_act_]

International children's day is on Sunday, November 20. Today is Friday, May 27 children's day in Nigeria, not international children's day.

The technical info can be even more boring.

It can be boring but not boring if making money is there.

But no, getting kids take care of a mining farm looks as child labor to me; that can break and needs fixed (i.e. needs technical skills) or can get on fir if not done properly. Heat and noise (in case of Bitcoin miners) can be also not suitable for kids.

No child labour there, the kids were even happy for what their father did for them, I mean the mining rig. Age also should be considered, as the child is growing, the better it goes.

[Wiwo]

International children's day is on Sunday, November 20. Today is Friday, May 27 children's day in Nigeria, not international children's day.

Thanks, act for correcting me on that, I have edited the part that includes International children's day. I was I bit too lazy to search if the children's day celebration is a national one or global children's day, the importance of early education in children can not be overemphasized and that includes cryptocurrency education because Bitcoin is the currency of the future.

[NeuroticFish]

International children's day is on Sunday, November 20. Today is Friday, May 27 children's day in Nigeria, not international children's day.

In my country Children's day is in June 1st.
But indeed, it depends greatly on the country / region.
Still, don't minimize the importance of June 1st, the list of countries celebrating Children's day then is not small.

[Dunamisx]

among all other things I choose to teach them cryptocurrency BTC, teaching them the basic fundamental knowledge on the value for money and financial discipline, how to own and operate cryptocurrency related activities, How to recognize scam and most importantly the technicalities around Bitcoin/crypticurrency

it is very important to teach our young ones about Cryptocurrency because that's the evolution we are into in this contemporary world of economic system, and we have to be mindful of how we make this approach on them not to get the wrong perspective thereof, we could see how effective children are keen to learning.

we have to make it base on stages and give it a timing so as not to complicate their knowledge about money and financial circumstance, we can as well start with the introduction of crypto jingles, arts, cards, books, playing materials, and many crypto incrypted materials to first set their mind on the basics of bitcoin/cryptocurrency, children are the leaders and future of tomorrow.

[mk4]

Just a heads up — totally appreciate the enthusiasm and it's good that you're going to teach finance, but you should probably heavily focus on finance and investing first, before going for cryptocurrencies. Really, crypto can wait — as it's not like they have thousands and thousands to put into the markets already anyway.

[passwordnow]

Those scams will be recognized by our kids upon experiencing them. We may have given them the advice on how to find one and what are the signs of it. But still, there will be newer tactics that might catch them and eventually will fall for it. Starting to teach them related to finance and cryptocurrencies is opening their minds too young and they'll have the idea of how to take care of their money as soon as they grow up. As crypto/bitcoin knowledge will be fed to them, they'll have the upper hand over other kids that don't have parents who don't save and invest.

[Z-tight]

As crypto/bitcoin knowledge will be fed to them, they'll have the upper hand over other kids that don't have parents who don't save and invest.

I have to disagree with you, while it is good to start early, it is not what will determine the level of success, it is the interest, desire, effort and will to learn and continue with what you are taught that will determine the success later on.

Bitcoin devs, experts, people and enthusiasts with technical knowledge about Bitcoin today did not have their parents bore them with Bitcoin, Bitcoin was not even around when they were kids, so if they can be as good as they are with the network under a short time, it means there is more to it than just starting early.

Let kids be kids, talk to them only a little about it, and as they grow if their interest lies in the blockchain technology, they would only get better from there on. You can also educate them about saving and investing without talking too much about Bitcoin and the technical parts of it, Bitcoin is not the only form of investment.

[Rruchi man]

it's good that you're going to teach finance, but you should probably heavily focus on finance and investing first, before going for cryptocurrencies. Really, crypto can wait —

I agree, the focus should first be on exposing children to the various aspects and ways of finance and investment before the introduction to crypto. Crypto knowledge especially in our present time is important, but not the only thing a child should know as regards finances and investing especially since there is a very long life ahead of them within which some other digital advancement may spring up. A child should be equipped and intimated with enough financial knowledge to be able to navigate and adapt to any financial situation they may face regardless of if the existence of crypto remains or not.

[_BlackStar]

I agree that children should be taught about money, its function and how to make it. We no longer think constantly about working for money because money can actually do it for us and it is an investment. These investing lessons should be learned step by step and these kids should not be introduced to crypto right away if investing and trading is the end goal.

Prepare them first with the right knowledge, teach them what money does and tell them about places that have the potential to make money. They can get involved at any time as long as they are mentally and knowledge prepared, so there are many stages to go through to find out how it works.

[GiftedMAN]

Just a heads up — totally appreciate the enthusiasm and it's good that you're going to teach finance, but you should probably heavily focus on finance and investing first, before going for cryptocurrencies. Really, crypto can wait — as it's not like they have thousands and thousands to put into the markets already anyway.

I agree with you on this because at tender age it's important kids have a clear knowledge about financial management and investments so that it will help them to adapt easily in any environment they found themselves now or in time to come but we can also give our kids hints about cryptocurrency especially when they can access computers and smartphones so that when they get older it will not be strange to them anymore, we don't force it on them anyways.

[stompix]

Importance Of early Cryptocurrency Education for Children

Old story and actually shows something different, the importance of having a father that is wealthy enough to let you invest $150k at least at the right moment.
Read philipma1957 answer on this, it has nothing to do about teaching and education, it's an about a father who buys ready assembled hydra cases throwing tens of thousands of dollars on each batch.

Rather than being inspiring it actually points out one thing, no matter how intelligent and educated you are, if you lack money, it will always be harder for you.

[BlackHatCoiner]

There's nothing to educate about cryptocurrencies in such young age, referring mostly to 9-year olds. They should do their homework, meet their friends, play some video game, but 'til there. They can't think critically yet. Their brain isn't developed enough. And they don't have the appropriate social environment either.

Save in bitcoin and gift it to them once they grow up. Trigger them to find out what's about it.

[Lafu]

There was in the past already a thread like that here , i guess it was this one here Educate and teach the youngins about Bitcoin.
And i still say the same as i have done on the other thread , just let them be Children and let them do what children normaly doing in this Age.
You can teach them when they are coming for them self and asking about the things that have to do with Crypto and the technical stuff.
If you teach them to early about financially things they will be missing other important stages in there younger life.

[DdmrDdmr]

There’s also the other side of the moon to stories like the one about the mining kids. Besides what @stompix pointed out, cases that are exceptions do have their danger side to them if not fully contextualized, leading to many others to believe that they can achieve the same when, in fact, the conditions under which they occur are rather unique. The "Kid making $30000 monthly income" will stick as the simplified overall version of the story, which is not the real takeaway.

[mk4]

There's nothing to educate about cryptocurrencies in such young age, referring mostly to 9-year olds. They should do their homework, meet their friends, play some video game, but 'til there. They can't think critically yet. Their brain isn't developed enough. And they don't have the appropriate social environment either.

Save in bitcoin and gift it to them once they grow up. Trigger them to find out what's about it.

What do you mean? 9 year olds won't be able to understand the anarchistic goal of the cypherpunk community to dethrone the secret banking cabal because of them having too much monetary influence over society?

Seriously though, yea. Proper saving is enough. No need to shove Bitcoin down kids throats lmao.

[hatshepsut93]

Sometimes it scares me how crypto sounds more like a cult than just a financial tool. Why do kids need to know about altcoins, defi, NFT, trading, cryptography, wallets, blockchain and so on? They can't have any income, they should be focused on general development and not highly specialized adult fields with theoretical usefulness. Crypto has very little impact on the world, billions of people live their lives without them and it doesn't affect them in the slightest.

[passwordnow]

As crypto/bitcoin knowledge will be fed to them, they'll have the upper hand over other kids that don't have parents who don't save and invest.

I have to disagree with you, while it is good to start early, it is not what will determine the level of success, it is the interest, desire, effort and will to learn and continue with what you are taught that will determine the success later on.

Bitcoin devs, experts, people and enthusiasts with technical knowledge about Bitcoin today did not have their parents bore them with Bitcoin, Bitcoin was not even around when they were kids, so if they can be as good as they are with the network under a short time, it means there is more to it than just starting early.

Let kids be kids, talk to them only a little about it, and as they grow if their interest lies in the blockchain technology, they would only get better from there on. You can also educate them about saving and investing without talking too much about Bitcoin and the technical parts of it, Bitcoin is not the only form of investment.

I am not saying those kids that don't have parents teaching them how to save and invest will fail. But what I'm saying, is children that has parents who are teaching them these things will have the advantage over them at an early stage. I went through that reality and it was quite late when I was taught these topics and knowledge that I should have gained early. I agree to you that it's still the interest that these kids have but if we're giving them the idea and teaching them these, they'll have the advantage that they'll won't go through the same experience as mine as I'm ignorant during my younger days and was only knocked by the hard reality too late.

[KingsDen]

Sometimes it scares me how crypto sounds more like a cult than just a financial tool. Why do kids need to know about altcoins, defi, NFT, trading, cryptography, wallets, blockchain and so on? They can't have any income, they should be focused on general development and not highly specialized adult fields with theoretical usefulness. Crypto has very little impact on the world, billions of people live their lives without them and it doesn't affect them in the slightest.

I am not an advocate of teaching children who are not upto the age of making independent financial decisions about Bitcoin. There is time and season for everything, when the time comes I will teach my children about them. But for the ages in Op, I will rather teach my children about coding and programming. Yes, they could be the back-end creators and when they reach to the age they can make some financial decisions, I will give them the opportunity to learn. Who knows I might have gathered some coins for them as start up capital.

Crypto is a way complicated for adults, so I won't bother my kids with it.