Topic: Economic and finances start young Age Stablecoins - page 3. (Read 420 times)

Doesn't the adoption of crypto introduce something entirely different when one begins to contemplate within the realm of cryptocurrencies? Perhaps children taught about USDT will gradually become comfortable using stablecoins for cross-border transactions. Subsequently, over time, they begin to delve into blockchain technology and explore other coins like Bitcoin, driven by their growing curiosity.

In my opinion, it's not a bad way to initiate children's journey into the crypto world, even if it commences with the less intricate steps involving USDT. As long as venturing into Bitcoin for the first time doesn't run afoul of government regulations, why not?

That brings us to the right age to put children through with blockchain, bitcoin and all the gamut of digital currency because some children are precocious enough that they can assimilate faster than others. So would you then say such children are not of a particular age whilst they are already asking such questions as they either see them on the internet. I think no need to wait if a child is already inclined in the way that they are asking to know about blockchain and you know they have that speed to learn and understand.

I'd rather teach my kids to be strong holders of Bitcoin than teach them to keep their stablecoins. They will teach themselves things outside of Bitcoin because we have taught them about a better investment than holding Stablecoins.

But it's okay if you want to teach your children or the younger generation so they can also hold stablecoins. But don't forget to teach them about holding Bitcoin as their investment. I'm sure they will learn about crypto once they understand Bitcoin.

But we also have to adapt to their age in teaching these children. Maybe you can wait until they become teenagers so they can understand what you are explaining.

I can understand the teaching of bitcoin as something different from the modern economy of SWIFT and banking systems and a central economy based on the dollar as a global reserve currency and trust in central banks that save gold and dollars and print papers in return that promise to have value but USDT are they serious? USDT is a representation of trust in banks, in addition to the trust that there is $1 for every USDT printed, and this is completely wrong.
Teaching children that USDT is real and has value is not good and you should talk to them to stop.

Wouldn't that be a bit confusing for children to understand fiat currency which is their local currency and stablecoins which is digital currency for online transactions only.
Preferably, kids should be thought about their immediate economy and expenses since they are very good at demanding  .

Crypto and stablecoins is something they will eventually come to understand gradually as they become grown up, Crypto revolution is just getting started, the world will embrace crypto as means of transactions and the majority of the world's population will adopt it eventually. I don't think it is necessary to introduce it to children at early stage, there is plenty of time to do that.

Yea cryptocurrency is good but not stablecoins because they are centralised. USDT is fiat which is and every country has their fiat currency. The young generations need a decentralized currency (bitcoin) that is censorship resistance and a hedge to inflation and not stablecoins that is the opposite. Bitcoin is a store of value and will aprreciate in price with time,this why the younger generations should be thought so that they can have financial freedom from governments and banks. Not stable coins that can be affected by inflation and can be controlled by the government. OP,it is your choice to do whatever you like but dont come here to tell us to patronize centralized system because we want our privacy safe.

Why do I have the feeling that this forum user is an alt account of another guy, who was spamming the Economics forum with posts about stablecoins and especially the Tron blockchain. Is this an alt account of the forum user Shortmaster? Just take a look at Shortmaster's posts-all of them are a bunch of nonsense about stablecoins and praising the Tron blockchain. I don't know what's the purpose of the guy, who is behind those two forum accounts. Is he getting paid for writing a bunch of low quality posts here? I don't think so. Is he trolling? Probably yes.

Is your country still don't have any digital fiat or mobile banking? I really doubt it.

Stable coin or digital fiat are only a payment mechanism, it's not something you get a lot money when you already understand and use stable coin. Even there's a country accept every cryptocurrencies as legal tender, if you're not working you will not make any money and you're be a rubbish for your country.

I don't think that's needed? I mean you don't see schools teach their students how to use the internet, and we all know how it is one of the top factors in trying to adopt a lot of new technologies nowadays. Let it stay the way it is, I hardly doubt fiat would disappear, or if it ever did, I don't think stablecoins would replace it. The way/method to use money would ultimately end up being taught by how their surroundings live their lives, kind of like a natural development at this point.

If, for some reason, they needed to use stablecoins, look it up. I don't think anyone below 16 would have a reason to, but anyone above would probably know how to look things up so I don't see a problem with just leaving it alone.

I remember another low-rank account that's also promoting stablecoins. It seems this new account belongs to the same user.

There's probably no point convincing you otherwise, but please know that stablecoins can't be the future because their existence is tied with fiat. If fiat dies, they too will die. If fiat evolves into a CBDC, it would lose some of its relevance. And governments would never adopt a currency privately issued and controlled by a foreign individual whose reputation is even questionable.

Also, Donald Trump can't dictate to the rest of the world which currency they prefer to use.

Right, stable coins are certainly an important part of the crypto ecosystem and it is also important for countries which are going though inflationary periods, when their local currency is not suitable to be held in the mid or long term.

Also, what does Donald Trump have to do with the widespread use of stable coins and education for the youngest generations about it? Donald Trump is rather an economical dinosaur, who believes that blockchain technology is a scam, even if he actually held Bitcoin or Ether, he would not openly admit it.

Rather than helping stable coins and Bitcoin, Trump is probably going to push for people to ditch Tether and use the CBDC issued by the government of the USA instead. That is a long term plan, after all, Trump is not informed enough (and probably does not even want to be informed) to know of the importance of decentralization.  

Teaching the younger generation about crypto is very good and highly recommended as long as they are worthy of receiving it well, because if the generation being taught is still in elementary school it will also be more difficult to accept it because they still have to learn other important things in their life. But if you are so determined to teach them about it, you have to have enough time because after introducing them to stablecoins, you also have to introduce what networks are supported by stablecoins such as USDT and USDC.

I think this will take quite a bit of time because those who receive crypto knowledge also need time to understand it well and don't forget to tell them about the risks involved in crypto so they can understand this from an early age. Because often new people who learn about crypto often forget about the risks that exist in the crypto space, which makes them unable to stay in crypto for long when they start facing risks. Even though stablecoins are not cryptocurrencies that have more risks like other coins, they also need to be explained so that they can understand them well when they start learning.

Why not also teach them about decentralized bitcoin instead of only stable coins? If we want to teach our young generation we must explain the value of having financial independence, which can only be attained with bitcoin rather than a stable coin that is centralized and subject to manipulation.

Stable coins are fine in my opinion, but we need to teach our young generation the fundamentals of bitcoin and the blockchain before going on to explain the impact of centralization and the importance of decentralization in the cryptocurrency industry so that they can comprehend the motivation behind the invention of bitcoin.

The general knowledge about bitcoin should be their (our) number priority to teach kids out there because having only the knowledge of trx and any other stablecoin may not give them a good representation of what bitcoin is all about. To me its advisable for upcoming age children or students should be more routed into the knowledge of blockchain technology as we knows it to be the future of finance and we should we be more careful while dealing with anything that relates it because mistakes are often made and we should be able to reduced and minimized those mistake by giving them the basic understanding on how they are being operated and used for their purposes.

Its stablecoin. There is nothing to teach for that except how to send and receive using their wallets and which blockchain it uses. Stablecoins are just like fiat that just turned into digital using blockchain. But then we are up to this again.

What schools should be teaching is thorough economics, which we learn in trading from why money has value down, how a country fall once finance is a mess and a limited supply of currency is much better than government has the right to print. This is so that they won't mess up again like the people who created this financial system.

The economy is not moving towards stablecoin because it is just as pegged with fiat and that is more like putting the prospect of freedom of the young in doubt. The economy is heading in the phase of unconditional freedom free from any trade hitch in payment platforms giving you the choice to choose between preferred means of transaction and not just caging you to a third party model. The world is moving pass that stage and the young need to be more abreast with blockchain and cryptocurrency education. Moreover, trump is facing his allegations and he is not in Congress to legislate or pass any bill.

Donald Trump is not the president of the United States. If you are referring to him in the present, if he is not in the presidency, then how can he initiate that program? Maybe to initiate that program, he only has to move some things here and there (I hope you understand what I mean). And by doing that, he might accomplish the goal of enabling the teaching of BTC to younger people.

Just like El Salvador's new teaching program for young ones. This would be a great opportunity for all of us (of course, those who are young ones), but it will also be a great opportunity for the parents who are dedicated to the BTC or cryptosphere. But of course, if there is good, then there is bad too. That means if there are people who believe in crypto, then there are those who don't, and they will definitely not want crypto to be taught in schools. But to be honest, I will have only one suggestion for those.

You should at least have the opportunity, as in school only things will be told not to be forced on children. It must be added as an extracurricular activity that is optional, and kids based on their preference, interest, or approval from parents could join this, and those who do not want to can ignore it.

PS: You should check for spelling and grammatical mistakes using some tools maybe I do not know how but please correct them.

Stablecoins have significant potential for a decentralized economy model. However, explaining stablecoins to young children can confuse them. First of all, when explaining the economy to children, it is necessary to explain the economy through the existing system. When they will start their business life in the future, they need to know basic economics and i am sorry to say that economic relations in the world do not take place through stablecoins.

It may be thought that i am an anti stablecoin person, but on the contrary, i think that stablecoins and cryptocurrencies will open the door to decentralized finance that i have always wanted. For now, it is enough for stablecoins to fulfill their purpose. What is this purpose? To provide protection from the high volatility and loss of value in the market. But if stablecoins are fully integrated into the economy, governments will have the luxury of monitoring every transaction. This has many positive and negative aspects.

If you think stablecoin adoption for young kids is the way to make them wake with economic and finances then you don't understand stabcoins. If you want stablecoins that badly, then what is the difference between stablecoins and it's transaction with you fiat(dollars) and invoices? Is there much different, has that change the economy so far, I don't because it's the same thing that is been circulate over the years, stablecoin is not what you need to get your kids ready but understanding the financial system of the government and how to escape it by investing early on yourself.

You can choose to gift your child some stablecoin and to keep it for years until they become of age but by that time, the stable coin will worth penny by the time they come of age, they will not have much to buy with it but if you have invested it and keep it for them, if they see how it appreciate over the years, they will grow with that confidence for the rest of their life, they will appreciate you for that route and gift because not every child get financial advice at their young age and that turnouts to be a problem when they grow.

I wouldn't be selective with investment for your child but in anything you do, include bitcoin for them, not necessarily only bitcoin but add a fraction of it to see how important it will be for them in the future because you are starting something big for them.

What they can do with stable coin? They cannot earn huge by just simply holding it to their wallet. Then why choose if stable coin if you have fiat? We can widely use fiat anywhere we want compare on stable coins where we are able to do limited transaction with this. I may rather choose kids about bitcoin and other volatile crypto since high risk, high rewards and its good that they know how to handle investment struggles since it can help them grow.