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Topic: Financial education and Bitcoin. - page 2. (Read 1169 times)

legendary
Activity: 1904
Merit: 1074
September 08, 2016, 01:46:29 PM
#10
that is true ,financial education is very much important at the beginning age , because at the young age people tend spend time other activities like games , play etc , but financially guiding them also an important task  like what is money an dhow we can earn , save  and use it in a proper way and slowly on the digital currency also.
We should consider the higher resposibility needed to keep our kids safe, seeing that they have 100% control over their money matters, when they deal with Bitcoin.

I feel confused please tell me what are you mean, the responsibility is always held by their parents or trying to put the financial responsibility into them.


There are many parents that do not even know what their children are doing online. These kids can use Bitcoin to buy drugs or to gamble and nobody would even know. The Bitcoin community have to find ways to make Bitcoin safe for the children using it, or the shills and the pessimists will use this as a weapon against us.

I am saying that we need to educate children on the dangers of Crypto currencies, because it is not like the fiat system, where everything is regulated and governed to protect the consumer. We should do this from a early age, to prevent problems in the future.

I agree minors can freely access through illegal things or buy drugs just like they earn lot of bitcoin and they are little bit curious about drugs then they could buy it using bitcoins because they have a bitcoin and no one knows because it is on online and it is anonymous, parents cant stop the children because they didnt know. Government and proper guidance of the parents should takes place!

This is not a Bitcoin problem, but rather poor parenting... If your kids are on the internet without supervision, you are opening a opportunity for them

to do these things. The problem is mobile phones... you cannot supervise that 24/7 and you have to warn them about the things that can harm them

on the internet, and that includes Bitcoin and Gambling. Talk to your children and they will know what is wrong and what is not.  Wink
sr. member
Activity: 686
Merit: 260
September 08, 2016, 07:49:47 AM
#9
that is true ,financial education is very much important at the beginning age , because at the young age people tend spend time other activities like games , play etc , but financially guiding them also an important task  like what is money an dhow we can earn , save  and use it in a proper way and slowly on the digital currency also.
We should consider the higher resposibility needed to keep our kids safe, seeing that they have 100% control over their money matters, when they deal with Bitcoin.

I feel confused please tell me what are you mean, the responsibility is always held by their parents or trying to put the financial responsibility into them.


There are many parents that do not even know what their children are doing online. These kids can use Bitcoin to buy drugs or to gamble and nobody would even know. The Bitcoin community have to find ways to make Bitcoin safe for the children using it, or the shills and the pessimists will use this as a weapon against us.

I am saying that we need to educate children on the dangers of Crypto currencies, because it is not like the fiat system, where everything is regulated and governed to protect the consumer. We should do this from a early age, to prevent problems in the future.

I agree minors can freely access through illegal things or buy drugs just like they earn lot of bitcoin and they are little bit curious about drugs then they could buy it using bitcoins because they have a bitcoin and no one knows because it is on online and it is anonymous, parents cant stop the children because they didnt know. Government and proper guidance of the parents should takes place!
legendary
Activity: 854
Merit: 1000
September 08, 2016, 07:40:53 AM
#8
that is true ,financial education is very much important at the beginning age , because at the young age people tend spend time other activities like games , play etc , but financially guiding them also an important task  like what is money an dhow we can earn , save  and use it in a proper way and slowly on the digital currency also.
After sex education at early age now they are demanding financial education.Are we spoiling our little ones minds?I am against putting up lots of unnecessary burden on our kids. Let em come to an age and they will learn
legendary
Activity: 3514
Merit: 1963
Leading Crypto Sports Betting & Casino Platform
September 08, 2016, 07:37:33 AM
#7
that is true ,financial education is very much important at the beginning age , because at the young age people tend spend time other activities like games , play etc , but financially guiding them also an important task  like what is money an dhow we can earn , save  and use it in a proper way and slowly on the digital currency also.
We should consider the higher resposibility needed to keep our kids safe, seeing that they have 100% control over their money matters, when they deal with Bitcoin.

I feel confused please tell me what are you mean, the responsibility is always held by their parents or trying to put the financial responsibility into them.


There are many parents that do not even know what their children are doing online. These kids can use Bitcoin to buy drugs or to gamble and nobody would even know. The Bitcoin community have to find ways to make Bitcoin safe for the children using it, or the shills and the pessimists will use this as a weapon against us.

I am saying that we need to educate children on the dangers of Crypto currencies, because it is not like the fiat system, where everything is regulated and governed to protect the consumer. We should do this from a early age, to prevent problems in the future.
hero member
Activity: 2898
Merit: 529
Leading Crypto Sports Betting & Casino Platform
September 08, 2016, 04:28:22 AM
#6
that is true ,financial education is very much important at the beginning age , because at the young age people tend spend time other activities like games , play etc , but financially guiding them also an important task  like what is money an dhow we can earn , save  and use it in a proper way and slowly on the digital currency also.
We should consider the higher resposibility needed to keep our kids safe, seeing that they have 100% control over their money matters, when they deal with Bitcoin.

I feel confused please tell me what are you mean, the responsibility is always held by their parents or trying to put the financial responsibility into them.
legendary
Activity: 1372
Merit: 1005
September 08, 2016, 04:22:56 AM
#5
that is true ,financial education is very much important at the beginning age , because at the young age people tend spend time other activities like games , play etc , but financially guiding them also an important task  like what is money an dhow we can earn , save  and use it in a proper way and slowly on the digital currency also.


Yup it's important but not at the school age. We need financial education at the college level and much important to know the country's economic status and if we are working in government financial sector we could able to improve few steps to improve the quality of our country's economy.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
September 08, 2016, 04:07:49 AM
#4
i think its our jobs to explain with our kids if they already know about bitcoin. its more easy to explain to them if they already know bitcoin because we can explain with details so our kids have more information from the right person as we are their parents. as long as our kids even teenager still live in our house, we are still responsible with them and their money. its different if they grow up and decide to live alone without us.
legendary
Activity: 3514
Merit: 1963
Leading Crypto Sports Betting & Casino Platform
September 08, 2016, 02:10:39 AM
#3
that is true ,financial education is very much important at the beginning age , because at the young age people tend spend time other activities like games , play etc , but financially guiding them also an important task  like what is money an dhow we can earn , save  and use it in a proper way and slowly on the digital currency also.

You are a fast reader, since you replied within 6 minutes from me posting this. ^hmmm^ The angle here is different to what other topics on this forum is discussing about age & Bitcoin. We should consider the higher resposibility needed to keep our kids safe, seeing that they have 100% control over their money matters, when they deal with Bitcoin.

There is no soft landing, if they transfer their Bitcoin into the wrong address and no customer protection built into the technology to reverse the payment, if they get scammed or hacked. So the age for exposure to Bitcoin, should in theory be higher compared to other payment methods. ^hmmmm^
full member
Activity: 210
Merit: 100
September 08, 2016, 02:01:07 AM
#2
that is true ,financial education is very much important at the beginning age , because at the young age people tend spend time other activities like games , play etc , but financially guiding them also an important task  like what is money an dhow we can earn , save  and use it in a proper way and slowly on the digital currency also.
legendary
Activity: 3514
Merit: 1963
Leading Crypto Sports Betting & Casino Platform
September 08, 2016, 01:55:07 AM
#1
Before you start comenting on this, quickly read through this and base your opinion on what you have read:
http://www.unicef.org/publications/files/CSFE_module_low_res_FINAL.pdf

I will quote some interresting findings :
" A project in Kenya found that the
introduction of child savings accounts
improved the well-being of children and
youth living in poverty. This preliminary
research study on out-of-school adolescent
Kenyan girls who participated in financial
education determined that girls in the
experimental group more than doubled
their initial savings after being trained
in important life skills including saving,
business support and mentoring skills. 

While there is some reluctance to exposing
children to financial concepts at too early
an age, there are considerable benefits
to introducing financial education while
young people are still in a process of
formulating personal financial behaviours. "

Also look at the table on page 10 of this document to reflect the different ages and what kind of development needs to be done to promote financial education.

So based on this information, where would you introduce Bitcoin into the lives of our youths, considering that Bitcoin needs more responsible people, because you place all the financial decisions in your own hands and not into the hands of some bank or financial institution. ^hmmmm^
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