Topic: Describe what is bitcoin for a 7 year old kid in few words - page 5. (Read 1078 times)

Bitcoin is a money for new generation.

Bitcoin is a type of currency/money used for the purchase/payment online, which requires the use of the internet for a successful transcation. It's very fast and reliable.

Usually kids would learn fast unless they have almost no curiosity and this very important of learning.   I know one of my cousin who knows how to play Go and Chess at the age of 9.  

Yet can be functional as what the fiat currency can. It just that it is regulated that is why it is not used in different companies or stores. It is the USD of the virtual world. Can perform a lot of things, with much more good features. More easy transactions can be done through it.

bitcoin is money which made investors rich in 5 years and bought crypto to world

This is wrong because virtual is associated with unreal. Bitcoin is real money because if you can pay with something it's very real.
We could say that fiat money on a bank account is also virtual money because the bank doesn't physically have it. It only has numbers on a server.

A 7 years old kid knows what money is so they'll understand when you tell them that Bitcoin is a type of money that cannot be felt nor touched (virtual currency).

bitcoin is pocket money created by machines owned by people not by governments.
imagine the machines like complicated calculators that people can own in their homes

its done by putting a list of peoples pocket money spending together into a list, like writing down math stuff in a maths notepad. and then doing some complex maths based on stuff of that page of the notepad

each new notepad page has a link to the previous page, simply like "continiung from previous page" but using the complicated maths result to prove its continuing from the last page.
that way all pages of a math notepad can be proved to link together to stop anyone from just cheating and slipping a new page in the middle of a notepad so that teachers can easily spot who done their homework and who didnt


the people that own the complex calculators that do the complex math get paid new pocketmoney if the complex math is correct. but thy can only spend it after 100 new pages of maths homework is done and correct after the page that people want to spend their rewards from.
because the maths teachers around the world that check the answers not only want to check the answers are right. but also want to see lots of homework added on afterwards that its impossible to change an earlier answer because so many pages have been added to a math notepad

For a kid bitcoin is nothing because at this age kids never able to know that what is it as currency they don't know the importance of money the usage of money and they are free of all this and when they become at the age of 15 years then they can use money so they know the importance at that time so it is very common that bitcoin is difficult for aged people now so how kids can understand it.

Explaining to an ADULT is hard. Imagine how hard it is to explain it to a child.

I would do it this way: Bitcoin is the newest method of payment that is virtual and digital, but is way more honest and sincere than the palpable one.

Bitcoin is money. Which are created by people and for people.

This is money that bakirs and the government cannot take away from you.

It is reliability and confidence in the future

virtual money

I think that the only thing I would add is that it's virtual and somehow try to explain the blockchain, not quite sure how to do that for a 7 year old. I guess explaining that all transactions are logged and visible. 'If mummy gives daddy 1 bitcoin then it's visible and anyone can see that mummy did that'

Bitcoin is a digital global payment system

Hi there
What's the most simple way to describe what bitcoin is for people?
Will be cool to read in the comments some new creative ways to do that!