Topic: Economic and finances start young Age Stablecoins - page 2. (Read 420 times)

We know the current world is moving towards cryptocurrency.  We all know investing in crypto currency is very reliable and profitable.  The sooner our new generation becomes aware of this relationship, the sooner they will master this system.  They need to know about stablecoins, USDT, USDC.  So that they can advance by gaining proper knowledge about this.  Also they should have their own interest. Because we know without their own interest they won't know much about this. We have to tell our new generation to explore the forum and gain knowledge from the posts made by the veterans.

Teaching young people about stblecoins to transact business in their various countries is a good idea, but it will be more easier for young people to first seek for crypto knowledge first so that they will know how favourable decentralized currency are to young people that embraced it in their society.  And anything that is under government control always have some government officials in that particular countries that will make the stblecoins more attractive to users to invest. Since many countries have seen the good side of the crypto as a something that can help a country economy to improve by adopting the crypto for their citizens to have the opportunity to acquire the knowledge.

Once they actually start to understand, get curious, and are capable of comprehending it then yes it is best to teach children about finance, the economy, and how the market works. It is, after all, things that they will be facing and have to deal with in the future so teaching them early (again, as long as they are actually at the age of understanding things that I have mentioned fully) is a good move. However, much like you as I think focusing on stablecoins is not a good idea as there isn't even an assurance that stablecoins will make it that big that we have to start introducing it to our kids, instead if we must or wish to share knowledge about crypto then I'd also go for Bitcoin.

Regarding the issue of dollar dominance, it does have a large level of influence among other fiat currencies, but this does not guarantee that the dollar can maintain the value of the currency we have in the long term because of the problem of depreciation. Bitcoin provides a solution as a store of value and we can take this opportunity as a good investment step for the future. In old age, everyone wants to live in peace and quiet from the pension they get. As long as they are still productive, trying to take advantage of Bitcoin investment is very appropriate because we can enjoy the results in old age. Especially if we are no longer able to work due to age problems and maybe that's when we just enjoy the investment returns from bitcoin.

That's why holding USDT in the long term will be very different from holding bitcoin and everyone knows where the advantages of bitcoin lie if invested in the long term. There is no comparison between one another because each of them has different levels of advantages. The question is what can we pass on to the younger generation about the advantages of bitcoin and I prefer teaching this kind of thing when they can already be responsible for their lives. Teaching stablecoins to the younger generation is not a good idea because I personally don't think stablecoins are the future.

The education in question can be directed when they can understand the level of difference between the two and the idea may be able to explain how bitcoin has traveled from the beginning to the present. It is true that it is better to direct education specifically about Bitcoin rather than USDT because they can learn to compare the best assets which will then be placed in first place as the chosen investment step. If the education provided can be easily received by them then there is a possibility that they can also take a quicker approach because it is focused on the core points of what they are looking for.

Although not many shops or restaurants accept bitcoin as legal tender because some countries limit bitcoin only as an investment asset. I think the connection you mean is when we try to convert bitcoin to USDT and then to the Fiat currency of each country (correct me if I'm wrong). If we talk about dollars, maybe we don't need them now because to buy and sell anything in real life we can use our own country's currency.

Maybe what OP is trying to tell is the practice of using Cryptocurrency as a mode of transaction. These young fellas will learn from scratch, and then go into the world of many roots of BTC. Instead of getting nimbled and getting wired up to everything, they will just start with the stablecoins. After that then they can later use other altcoins or maybe BTC itself.

The idea is putting the adaptation of cryptocurrency so that it will continue in the future by little by little education embeded by the parents to their children.

I like the idea of teaching young kids about finance as soon as they are able to start to comprehend it.  But I don't think teaching them about stablecoins is really the best idea.  I personally don't think stable coins are the future, so I would focus more so on teaching them about bitcoin when it comes to cryptocurrency education.  But that is just me.

Stablecoins are a part of the question of what kinds of money exist, so I do agree that they should be mentioned in school programs. However, they don't deserve more attention than, for example, decentralized cryptocurrencies, which present a truly innovative way of issuing and exchanging money. I also think it's important to give attention to fiat, considering that it's the most commonly used kind of money. All should be taught in balance, with looking at potential risks, positive and negative sides of things. Focusing just on stablecoins doesn't make sense to me.

How will they think of something different, since it is basically based on dollar, and we cannot even guarantee that this link will continue for many years, and if we assume that it maintains the value, the coins can be frozen^[1] inside the wallets^[2], and can be burned. There is not an example of decentralization. I would be more understanding if we talked. About DAI.

If Bitcoin conflicts with government regulations, then USDT will certainly be, and you do not need to teach them to use real Bitcoin, but rather testnet coins. There is no legislation that conflicts with testnet.


[1] [2] Most Stablecoins Can Be Frozen, Even in Your Own Wallets

It is too early to teach to the young ones what are the ages your target to teach them? If it's below 10 sure they will ignore those better to specify the target audience because not all children may educate with this system must need to know the target audience properly.
There's nothing wrong with educating them because sooner or later they will discover this too and use it in the future it's for their sake too. At that time the cryptocurrency might probably already been adopted by some organizations and companies so they easily use the platform conveniently. Better make sure the provided information, tutorials, or guidelines to them is enough to understand the concept of it.

I agree more with the statement that USDT is not much different from fiat, because from what has been seen it is quite clear that USDT is a coin whose value is not much different from fiat currency so it is only suitable for storing value. Meanwhile, Bitcoin is a coin which, with all its advantages, is more suitable for use in investment because of its greater increase in value, although every investor does not forget about the risks when owning it. So both have very different advantages and are not really worth comparing.

Regarding education, it should be more directed towards Bitcoin than USDT because Bitcoin has long been trusted by many people with very real benefits, whereas for USDT there is nothing that needs to be understood apart from its value which tends to remain like fiat currency. So education must be directed more towards Bitcoin than others because when the younger generation already understands how Bitcoin is, they will definitely seek their own understanding of other coins over time.

And what's unique is that now when there is a shop or restaurant that wants to accept Bitcoin for payment, the shop or restaurant also wants to accept USDT as payment. This means that when Bitcoin starts to be accepted by many people in the world, of course USDT can also participate even though its use will not be as widespread as Bitcoin. And from what you said, I also see that when a country still doesn't accept Bitcoin in any case, USDT won't mean anything in that country either.

I do understand what you are trying to say in this discussion regarding this subject. Additionally, while it is a good idea for young people to learn about cryptocurrencies, we must also take into account the activities they should engage in while they are still young. It's beneficial that we start to educate them about this part of the future of cryptocurrencies and gradually introduce them to it. The most crucial factor is that we thoroughly instruct them when we observe in them a desire and interest to understand what we are doing in this area of Bitcoin or cryptocurrency business.

That is why we need more academics to conduct studies about this first. We cannot make assumptions based on examples as we are talking about a child's cognitive capacity here. We cannot risk to just push our children to learn something they either have no interest in or are still not capable of completely understanding as it may affect their cognitive and psychological health. A study of what age is suited for this type of discussion and formal education is neeed so we can have a well-based knowledge of what age graph should we focus on. We cannot just dive head first on situations such as this just because there are a number of children showing interest in blockchain, bitcoin and other digital currency, we need to have a basis of just how effective having an actual education and proper discussion about these with children of specific age group. I'm just saying that it is better to be prepared first before we let our desire of sharing what we know to children gets the best of us.

You are right, bitcoin is much better and it should be bitcoin without a doubt, people could have some sort of different approach to this and that's understandable, they may think that USDT is better because we grew up thinking that dollar is the best currency but the day is not the same day anymore and Bitcoin is much better and if you are young starting to save up bitcoin while growing up will be great, even parents starting to save up bitcoin for their kids on their name is even better.

Raising a person is not cheap, even if they grow older, it's harder, even today at 30+ years old, if I ever face a problem the first person I will ask help from is my parents because they are my parents, try to avoid it as much as I can, but if I have no other option then they are the first one to call.

If having stablecoin savings for your children is what you envision as an effective financial investment for them, then you are mistaken because when they want to use that investment when they are older, it will still be worth what you initially invested. You can only exchange your currency for a stable coin in order to prevent loss due to market volatility, you should be aware of what stablecoins stand for.

Bitcoin might be added as a top priority among the coins you purchase for them if you are truly interested in investing for their future needs. Given that it is for a long time, you will certainly see a return on your investment when your children reach that age. You are free to try out with different cryptocurrencies, but you must do so at your own risk. Additionally, a child's age dictates when you can start teaching them about financial literacy, you should not invite them to learn about earning money, managing money, and enjoying financial independence while their brains are still developing and fragile. 

Stablecoins are no different from fiat money in digital form and using them is very simple for today's youth. As long as someone can use a smartphone, it can be used easily. Why do we have to teach young people about stablecoins, isn't this a waste of time? Instead, why don't you create an educational proposition about decentralized currency (bitcoin) for them? That's what the world needs, no one needs another version of fiat. Furthermore, I don't think stablecoins can last long as governments are about to launch their CBDCs.

The question is why USDT and also why stablecoins? isn't bitcoin much better compared to that. The level of people's trust regarding decentralized economic models or in other words centralized coins like USDT is not much different from fiat and so where is the advantage. Also talking about Donald Trump and now to what extent his influence can impact USDT growth and how we make an assessment of all this. What needs to be adopted by the younger generation is how they can act on their own desires in making investments.

Bitcoin provides freedom and bitcoin provides a solution to the compilation problems faced by any currency. So providing education to the younger generation about bitcoin is much more useful than providing education about USDT. It is at this level that the younger generation's awareness must be able to sort and choose what is best to help them achieve financial freedom.

I would never agree that a complete transition to a crypto economy can be achieved so quickly, although adoption is already underway across the board and if countries still don't want it then it is unlikely that will happen any time soon. Bitcoin, which has been proven to provide a good difference, has not yet found a common ground in the a number of government's assessment and there are still those who prohibit it to date let alone USDT.

Yes, that's true. But we should also be able to adapt the lessons to their age so that they are not confused. Maybe they can assimilate more quickly than other children, but organizing what we can teach them would certainly be better.

They can learn the basics of crypto according to their interests and what they can accept. If they get older and have mastered what we teach, we can increase the lessons until they are adults so they can use crypto well.

We can also learn together with them via the Internet. But we must adapt the lessons to what they want to learn first.

Found it difficult to read your post but I understood what you were trying to communicate with your write up. You're making a mistake thinking stablecoin are going to be the future of money. You made the right statement when you said crypto will be the money of the future (crypto is the future) but that crypto isn't going to be stablecoin but Bitcoin. Bitcoin is going to see more adoption than stablecoin because soon people will begin to start losing trust in stablecoin as more of them begin to fail. I'm not wishing this on the community but we have so many poorly designed stablecoin that they have to fail soon to avoid cursing more damages in the future when they have seen more adoption than what they have currently.


I don't think we have to do that because they're not as important as bitcoin, our duties is to teach the younger generation about Bitcoin and not stablecoin. We haven't seen the best version of stablecoin and it doesn't make any sense teaching people about this poorly designed version but we have only one Bitcoin and this is how bitcoin is going to be forever so it's important we teach not just the younger generation but everyone about bitcoin. I don't understand where the misconception of adopting growing faster with the adoption of stablecoin is coming from, just as we have been lied to for years of adopting growing faster because of the increase in centralized exchanges all those are lies because adoption is going to come through bitcoin and peer2peer exchange.

The first question for OP is, why not Bitcoin, and why stablecoin? Why teach about controlled shit when we can give them the chance for freedom? Stablecoins are 1 to 1 pegged digital money that is controlled the same way government controls the fiat money. Are you not better of by teaching them local currency? Why make things complicated?

As for TRC20 USDT stablecoin. Tron chain is shit, They have been doing some shady thing for a while now. I don't think your choice is the right one even if you stick to teaching about stablecoins. Do some research before doing that.

Teach them the concept of Bitcoin but not the whole complicated thing about Bitcoin. That way they will become more interested in it. And when they do, you can introduce them to Bitcoin. The thing that is built based on the concept.

It only serves to confuse children. Also, I don't understand why you gave the stable coin example. If you want them to be economically good individuals, teach them the basics and then explain the options they will invest in. I think this would also be wrong because children learn and adopt things they are curious about more quickly. If they ask you, answer their questions and start teaching.

If you want to do something for kids, buy Bitcoin and Ethereum and keep them until your kids grow up, then gift them.