Topic: Easy way to explain and teach Bitcoin - page 6. (Read 3471 times)
I think that teaching seven-year-olds bitcoin is just a PR move to attract attention. But in fact, your method may well be useful for people who can not understand how bitcoin works. For example, elderly people.
Best teacher or teaching method is our self-experience. Give them the basic information about bitcoin and other cryptos. And force them to experience this investment. If they gain something from this then they will never step back from this crypto investment.
Honestly, I did find bitcoin as hard to understand during those months that I am still newbie and just exploring things out, it is just that I love what I am doing, exploring net and making research and the possibility that my life will change because of this and no matter what I don't know what Economics means and digital currency I push myself and won't let myself not to know this one until step by step I have learned and sharing my knowledge with my friends as well.
Wow to that! It is a new way of easy approach to introduce bitcoin to a child. It looks like very compact detail in a simple manner of discussion that at the end it shows the owner and author of robot "bitcoin." Nice.
Best teacher or teaching method is our self-experience. Give them the basic information about bitcoin and other cryptos. And force them to experience this investment. If they gain something from this then they will never step back from this crypto investment.
7-year-old child of course too early to know about bitcoins and cryptocurrency ,as it has no need to earn money. But you can try to teach this to teenagers, it will be more important for them, although again, they do not have their own funds for investment...
I never feel that there is any need of teaching a 7 year old child about bitcoin.But,if you want so, you must keep in your mind that you will only explain simply to him what bitcoin actually is.Like in a word,bitcoin is a digital currency which can be used through the help of Internet. Then you can teach the value of saving giving example of bitcoin.I think that would be enough.
Basically, explain bitcoin is not at all easy. If they are teenagers and youngsters we can explain detailed and teach them with the help of comparing crypto value chart. And introduce crypto as a compulsory subject to the teenagers to spread information about this amazing investment option.
Well, that's a great explanation for children. But I think that they will fast get annoyed and you might lose their attention. So I suggest to show them some videos on Youtube for example, which might look like funnier.
[https://medium.com/bitcoins-digital-currency/how-to-explain-bitcoin-to-a-7-year-old-a9a8c094feaf]
How to Explain Bitcoin to a 7-Year-Old
Or you can also watch this excellent video:
bitcoin 101: https://youtu.be/Bhe61JaNFLU
[/quote]How to Explain Bitcoin to a 7-Year-Old
Quote
I’ve been explaining how Bitcoins work since 2010. Here is the simplest analogy I’ve discovered that explains transactions, anonymity, and coin production.
There’s a room that anyone can access. The room has security cameras that anyone can view, and every second of recorded footage is available online forever.
The room is filled with indestructible piggy banks made of transparent plastic. Naturally, these piggy banks have coin slots, and everyone can see which coins are in which piggy bank. These piggy banks can never leave the room.
Each person has a key that can open their piggy bank. Let’s say I want to buy a pair of alpaca socks, and you want to sell them.
First, you tell me which piggy bank is yours. Then, I walk into the room with a ski mask on. Anyone in the world can see me on the security cameras, but not my face.
Next, I unlock my piggy bank, take some coins out, then put them into your locked piggy bank. I leave the room.
Now, everyone in the world knows that your piggy bank has coins that were previously in my piggy bank. This is the case with every transaction, so everyone knows the history of every coin.
“So where do the coins come from? How did it start? Who got the first coins?”
There’s a robot in the room that runs lotteries. Every so often, this robot randomly chooses a piggy bank in the room, and puts 50 coins in it. When it first started, there weren’t many piggy banks in the room since nobody knew about it. Back then, it was easy to win the lottery. Today, there are millions of piggy banks in the room, so your odds aren’t very good.
“Ok, couldn’t someone make their own fake coins?”
No, because everyone has records of every coin in the room, and they know when the robot hands new coins out. If a fraud were to put fake coins into his own piggy bank, everyone would know that those coins were never handed out by the robot, and wouldn’t accept them.
“Who made the robot..?”
Supposedly it was a super genius Japanese man named Satoshi Nakamoto, but nobody knows for certain. Since the security camera footage is available from 2009, we can see that the robot was putting coins into a piggy bank since day 1. We assume it’s Satoshi, but that’s about all we know.
“… Crazy.”
From Tony Diepenbrock IV on medium.There’s a room that anyone can access. The room has security cameras that anyone can view, and every second of recorded footage is available online forever.
The room is filled with indestructible piggy banks made of transparent plastic. Naturally, these piggy banks have coin slots, and everyone can see which coins are in which piggy bank. These piggy banks can never leave the room.
Each person has a key that can open their piggy bank. Let’s say I want to buy a pair of alpaca socks, and you want to sell them.
First, you tell me which piggy bank is yours. Then, I walk into the room with a ski mask on. Anyone in the world can see me on the security cameras, but not my face.
Next, I unlock my piggy bank, take some coins out, then put them into your locked piggy bank. I leave the room.
Now, everyone in the world knows that your piggy bank has coins that were previously in my piggy bank. This is the case with every transaction, so everyone knows the history of every coin.
“So where do the coins come from? How did it start? Who got the first coins?”
There’s a robot in the room that runs lotteries. Every so often, this robot randomly chooses a piggy bank in the room, and puts 50 coins in it. When it first started, there weren’t many piggy banks in the room since nobody knew about it. Back then, it was easy to win the lottery. Today, there are millions of piggy banks in the room, so your odds aren’t very good.
“Ok, couldn’t someone make their own fake coins?”
No, because everyone has records of every coin in the room, and they know when the robot hands new coins out. If a fraud were to put fake coins into his own piggy bank, everyone would know that those coins were never handed out by the robot, and wouldn’t accept them.
“Who made the robot..?”
Supposedly it was a super genius Japanese man named Satoshi Nakamoto, but nobody knows for certain. Since the security camera footage is available from 2009, we can see that the robot was putting coins into a piggy bank since day 1. We assume it’s Satoshi, but that’s about all we know.
“… Crazy.”
Or you can also watch this excellent video:
bitcoin 101: https://youtu.be/Bhe61JaNFLU
If you are planning for your child to become an investor of cryptopcurrency or to be knowledgeable about how the blockchain works then the best time is college since most of the student in college are already serious about what they are doing in their life.
For myself, I love Blockchain technology and its application is cow milk management, a simple and effective application. To explain about BTC I would start with cow's milk with Blockchain technology, when he understood and was interested I would talk about similar things using this technology, including BTC.
I think the way to get the most out of Bitcoin is to show them Bitcoin in the market or to get them directly involved in Bitcoin. There are many ways people do not know. Bitcoin is more comfortable to access, but first, you need to tell them what the investment is and what the virtual currency is.
It's easy to explain and teach the bitcoin is telling what is bitcoin and view the forums and start a discussion and from there it is easy to explain and teach and after that try to see how to get it and so the bitcoin must frequent discussions in order to easily teach and explain the bitcoin.
That's a great concept and I do believe that learning from the actual experience would also help to understand the whole process of bitcoin transaction from start to end for anyone who can use the computer.
I appreciate the Australia's efforts in this area,
* Australian Primary School Students Explore Bitcoin and Cryptocurrency Technology.
Catch them young mantra would definitely work in the long run and it will also help students to deal with the concept of decentralization/democracy.
There are many ways to explain and teach bitcoin if you just put in your words in reality and facts examples. Based on my experienced, I let the person have a background about bitcoin or simply ask him or her about it. Then, the rest would follow through the things that they've researched about bitcoin terms and meanings. For we all know that everything is so deep. So chances are, the person will be more attentive and will have clarity when I'm about to explain something so we will just interaction afterwards like questions and so on. All in all that's the easy way I can offer for a newbie who wants learn about bitcoin. I appreciate the Australia's efforts in this area,
* Australian Primary School Students Explore Bitcoin and Cryptocurrency Technology.
Catch them young mantra would definitely work in the long run and it will also help students to deal with the concept of decentralization/democracy.
I think that the easiest way to explain crypto currency to children is buy explaining them the basics first and using familiar worlds to explain to them the concept of crypto currency. In that way they can already have an idea about what cryto really is.
That's a great concept and I do believe that learning from the actual experience would also help to understand the whole process of bitcoin transaction from start to end for anyone who can use the computer.
I appreciate the Australia's efforts in this area,
* Australian Primary School Students Explore Bitcoin and Cryptocurrency Technology.
Catch them young mantra would definitely work in the long run and it will also help students to deal with the concept of decentralization/democracy.
I appreciate the Australia's efforts in this area,
* Australian Primary School Students Explore Bitcoin and Cryptocurrency Technology.
Catch them young mantra would definitely work in the long run and it will also help students to deal with the concept of decentralization/democracy.
I am curious to find out who wants to learn about bitcoin at the age of 7. Children I know are too young for this
For me the easy way to explain and teach Bitcoin to someone is to get their interest first, to do that you have to show them first what you already got from it. It will also be a proof that it is real, make they feel excited to know more about it because they also want something for themselves. It's easier once you ignited their interest.
If you are going to teach it with the child who is 7 year old, you are going to use the word that can easily understand or comprehend them, but it really depends on the child if the child is not interested they will not easily understand it coz we all know that age is not the age that a child will give time to understand it. There is a child who are very curious but only few.
I do not understand that what is the need of teaching a 7 year old about bitcoins. By the time he will reach 20-25 and start earning, bitcoin might have disappeared.
I do not think that there is any need to teach bitcoins to a 7 year old. When he starts earning, he will learn on his own about savings and investments.
I liked the comparison. In my opinion, one of the best. Now I know how to explain it to my friends. Thank you.
You can use social media and you can also watch how to use bitcoin on google and you can also search in google about the informations in bitcoin
Jump to: