Topic: BITCOIN AS GIFTS FOR TEENAGERS (Read 691 times)

The only problem is that most parents themselves can hardly distinguish between what is good and what is bad. This requires a certain amount of critical thinking and resistance to the stupid public opinion of others, who are exactly the same as them.

As a result, such parents, through their unreasonable guardianship, try to protect their children from a useful and unique financial instrument.


It is not difficult to predict the result. Any parent who has dependent children (minors who don't live independently) will be against their children investing in bitcoin. This is only possible if these conditional “children” have a personal source of income and can manage it themselves. Then, parents will not be able to prohibit investing in btc.

Only a few will approve of children's decision to invest in bitcoin the money they received from their parents. But these will have to be very progressive parents. For example you, reader. How would you react to such a desire of your children?

And that's natural. To be honest, I'd prefer having overprotective parents, who might buy misinformation in the process of protecting their kids, than careless parents. The overwhelming majority has bought that bitcoin is bad. It's natural for parents to reinforce that opinion to their children, even though it's bullshit.

If it pushes away parents themselves, imagine what their response would be if their children asked for permission to hold bitcoin, provided that they live with pretty much their parent's money.  

You are right, the project was done in Europe not USA.

It's normal parental behavior to keep children safe. Especially from what these parents themselves don't understand and which for them is something like a bubble or a fraudulent scheme. Of course, they will try to “protect” their children from bitcoin.

Tell me, when was the media objective? Never. But despite the deceitful way they present information, in the mass consciousness the media still remain a source of “true” information and have a very strong influence on the minds of their viewers. It seems that the media is deliberately demonizing the bitcoin, trying to alienate as many people as possible from it.

Listen to the media and do the opposite, this is how you can reformulate the famous expression.

Here it’s not so much about the bitcoin, but also about the financial literacy of people in general, which is the basis for investing in general. Add the negative perception of the bitcoin in the public consciousness, the fear of learning and learning new things, not to mention the fact that this requires cash injections, which undoubtedly pushes people away from their passion for the bitcoin. Also, there is one more point - fraudulent schemes and ways to deceive people in order to get their money. Let's not lie, there are a lot of such types of activities, after encountering which, people will be afraid to get involved with something like the bitcoin.

Most parents behave protectively towards their children, and I have already written that the mainstream media mostly write and speak negatively about Bitcoin, although often without any basis, considering that Bitcoin has nothing to do with Bankman, Kwon or that scammer from Turkey and many others who are guilty of tens of billions of damages because they behaved like arrogant kids who thought that no one could do anything to them.

Because of such people, Bitcoin gets a bad reputation, and I personally in my environment often hear very negative comments when people talk about this topic. Recently, a fraudster (or just an incompetent kid) disappeared in my country with around 70 million euros that he got from clients to invest in cryptocurrencies, and I don't even have to tell you what kind of media fuss was created about it. In its primetime news program, state television made a feature about it and showed the Bitcoin logo, that is, the logo of a domestic exchange, which has nothing to do with the specific case.

I want to say that I am not at all surprised that in general less than 5% of people today own cryptocurrencies, and even less Bitcoin - the general perception of Bitcoin is mostly bad to very bad.

I agree that since op's project was for teenagers, they should probably have requested the consent of their parents first, and if the parents had rejected on this ground then it would make sense to me, but they rejected all of this because according to them BTC is associated with money laundering and illicit activities, when these same parents still use fiat currencies and payment options that are far more associated with illicit businesses that BTC will ever be, it only shows a lack of understanding in my honest opinion.

I stand in agreement with Lucius on this one. Even for adults, that's a difficult thing to convince, let alone when that person has a parent who needs conviction beforehand. I can imagine most of the parents hearing "bitcoin" and depicting this as the "bad darkweb money" or as a bubbled-stock.

In addition, parents use them, and so will their children. You're obviously raising good points, but just be that parent for a sec.

At the op if opsec is not an issue could you let us know what country did you have the contest in?

I suspect somewhere in europe or the USA.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.