MrCrappy (OP)
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August 11, 2012, 03:11:09 PM |
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I have been using Bitcoin to introduce my 10 year old to the principles of economics- markets, currency, government mischief, etc- so today for his final exam we made a purchase of Bitcoin with his dog-walking money. He understands that it may go up or down, but still he is very excited about being involved in this market. For show and tell next week he is going to bring some material on Bitcoin to share with his class.
This has been an excellent way to teach him about money, value, work, and investments. It's also a surprisingly fun father and son activity. He is already referring to himself as "a currency speculator." LOL.
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sauc1er
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August 11, 2012, 03:13:07 PM |
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cute
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Graet
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August 11, 2012, 03:25:39 PM |
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nice work - good dad  |
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aghori
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August 11, 2012, 11:55:04 PM |
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Awesome  |
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RustyRyan
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August 12, 2012, 06:53:52 AM |
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Nice job, he'll appreciate it.
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notme
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August 12, 2012, 07:01:32 AM |
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Expect at least one angry call from an uneducated parent of a classmate.
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Bitcoin Oz
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August 12, 2012, 07:04:59 AM |
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Expect at least one angry call from an uneducated parent of a classmate.
Just tell them 99% of cash has cocaine on it. |
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SgtSpike
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August 12, 2012, 07:14:35 AM |
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I got my one year old to say "Bitcoin", does that count?
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weex
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August 12, 2012, 07:27:00 AM |
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I got my one year old to say "Bitcoin", does that count?
Yes, and so does having your child be totally sick of her Dad always talking about Bitcoin even though she owns some and may increasingly regret "paying" for a stuffed animal at an exchange rate of $3.62. |
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MoonShadow
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August 12, 2012, 07:37:55 AM |
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If I might make a suggestion, the Uncle Eric series by Rich Maybury is excellent for the simple introductions to Austrian Economic Theory and Praxeology. Starting with Whatever Happened to Penny Candy? followed by Whatever Happened to Justice?
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"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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odolvlobo
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August 12, 2012, 09:02:20 AM |
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For show and tell next week he is going to bring some material on Bitcoin to share with his class.
I bought several Casascius 1 BTC coins a while back and passed them out at work. It made a great show-and-tell. People were very interested in them, and having something they could hold made the concept of bitcoin a little less daunting. |
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PGP Fingerprint: 6B6BC26599EC24EF7E29A405EAF050539D0B2925 Signing address: 13GAVJo8YaAuenj6keiEykwxWUZ7jMoSLt
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Bit Innovate
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August 12, 2012, 10:09:35 AM |
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Nice one.
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MrCrappy (OP)
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August 14, 2012, 02:50:19 PM |
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I bought several Casascius 1BTC coins a while back and passed them out at work. Good idea. I think I'll do that. I am still very new to this, but it's been a lot of fun so far. My son and I are learning together. |
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Sherkel
aka Tombstoner
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August 14, 2012, 02:53:43 PM |
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Nice! How many BTC did he buy?
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What do you get when you cross dominoes and The Matrix?
<A dominatrix!>
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Klapaucius
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August 14, 2012, 03:24:28 PM |
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Cool! Its great that you introduce him to economics young |
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kubrickonthemoon
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August 14, 2012, 08:07:02 PM |
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too awesome. i always spent my dog-walking money on quarters for street fighter 2 |
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RodeoX
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The revolution will be monetized!
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August 14, 2012, 08:11:37 PM |
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I wish someone had taught me about money as a kid. I had to learn the hard way by loosing a ton of it.  The fun part is that his money is appreciating right before his eyes. If you had gotten him a bond or something it would have taken so long that the lesson would be hard to grasp. |
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goxed
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Bitcoin / Crypto mining Hardware.
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August 15, 2012, 01:40:03 AM |
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The sooner our kids know about the functioning of the Fed the better. Good job!
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Revewing Bitcoin / Crypto mining Hardware.
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