Hmm, seems cute to give your kids bitcoins, but maybe more along the lines of an investment than pocketmoney. I remember my grandma giving me a 10 year usgov't bond when I was young. Some kinda thing where I was going to be able to cash out 100$ in 10 years or something. If you gave your kid 1BTC and explained that if the price rose to $1000 .... (just wait and watch, etc).
Topic: Give your kids their pocket money in Bitcoin (Read 7688 times)
as long as there is a big marketplace to buy products with bitcoin, they will find ways to use it and play with it
"Here's your pocket money, son. Have fun, but I WILL be watching the blockchain 
"
" LOL
cheers
"Here's your pocket money, son. Have fun, but I WILL be watching the blockchain "
" LOL
this is actually a good idea - it will teach delayed gratification for a potentially greater reward
Quote
If I were 16 and just learning about Bitcoin because someone (parents?) gave me some "pocket money" in Bitcoin, there's no question that I'd find out what Silk Road is. There's too much information about it and a simple Google search will bring up at least a few pages that mention it.
Just because they can easily find it doesn't mean they'll go on it, I'm getting tired of just how patronising and arrogant a lot of adults are when it comes to children, they're far more intelligent than they give them credit for, in a lot of cases they're going to be more intelligent than the adults. Don't make the mistake of thinking because they can't express themselves very well yet that they're stupid, most children I know of would never bother with something like Silkroad or even gambling sites.
That said, any adult I have to tell this to never gives a fuck to begin with and insists they need to lord over them for their own safety.
Did you actually read my post before taking two sentences out of context and trying to make them look like they meant the exact opposite of what I said?
If I were 16 and given Bitcoin, I would definitely find out about Silk Road and I would probably look.. but I would't buy anything there. (bolded since that was my actual point that you obviously missed)
I doubt most teens would buy anything there, for a few reasons:
1) Not all teens are into drugs, if I had to guess I'd say most probably aren't, if drugs being readily available were going to change that then every teen who goes to school would already be addicted to crack.
2) Most teens who are into drugs try to hide it from their parents. If they bought on SR instead of on the streets or at school, how are they going to explain these packages they're getting in the mail when their parents ask?
3) Why the f*** would you buy illegal drugs online and have them shipped to you in the mail? Maybe I know better (and knew better at 16) than most kids do since my dad worked for the post office.. but buying illegal drugs through the mail is a horribly stupid idea. You're just begging to get busted.
Hehe evil plot
Give your kid a bitcoin instead of a 100 dollar bond in five years
Have kid then try to redeem it
Watch with amusement as they try then forget
?
10 years later
Kid finds it
Bitcoin is worth a lot more win
Give your kid a bitcoin instead of a 100 dollar bond in five years
Have kid then try to redeem it
Watch with amusement as they try then forget
?10 years later
Kid finds it
Bitcoin is worth a lot more win
Quote
If I were 16 and just learning about Bitcoin because someone (parents?) gave me some "pocket money" in Bitcoin, there's no question that I'd find out what Silk Road is. There's too much information about it and a simple Google search will bring up at least a few pages that mention it.
Just because they can easily find it doesn't mean they'll go on it, I'm getting tired of just how patronising and arrogant a lot of adults are when it comes to children, they're far more intelligent than they give them credit for, in a lot of cases they're going to be more intelligent than the adults. Don't make the mistake of thinking because they can't express themselves very well yet that they're stupid, most children I know of would never bother with something like Silkroad or even gambling sites.
That said, any adult I have to tell this to never gives a fuck to begin with and insists they need to lord over them for their own safety.
Hopefully they don't go into Silkroad 
I already do this. And my kids are still pretty young 9, 7, and 5.
They see what we accomplish with Bitcoin on a daily basis, so for them, equating the value is not hard.
What we need, is an app that would let you assign btc values to chores and tasks and would be like a personal bank account system for kids that their parents could monitor. They have versions of this concept that you just assign an arbitrary amount to that don't use bitcoin at all. Adding bitcoin to the concept would bring it full circle
They see what we accomplish with Bitcoin on a daily basis, so for them, equating the value is not hard.
What we need, is an app that would let you assign btc values to chores and tasks and would be like a personal bank account system for kids that their parents could monitor. They have versions of this concept that you just assign an arbitrary amount to that don't use bitcoin at all. Adding bitcoin to the concept would bring it full circle
I would do this considering kids already spend most of their money on toys/games/gift items.
I just LOVE people that come here claiming "but dat durr SilkRoad" implying your kid couldn't buy a gram of crack with his lunch money dollars on the nearest corner.
I also forgot that not every kid is a bad kid and will find Silk Road
If I were 16 and just learning about Bitcoin because someone (parents?) gave me some "pocket money" in Bitcoin, there's no question that I'd find out what Silk Road is. There's too much information about it and a simple Google search will bring up at least a few pages that mention it. Personally, my curiousity would get the best of me and I'd download Tor just to take a look at it and see what it's all about regardless of whether or not I wanted to buy drugs with my money.
Would I buy anything there? Probably not. Assuming I also had cash (or someone willing to buy my BTC for cash), if I wanted drugs it would probably be a lot easier for me to buy them at school.. not to mention safer, I wouldn't have to worry about parents wondering what this package was that I got in the mail or maybe some machine or drug sniffing dog in some postal facility finding it.
Quote
I did a quick search and found MANY sites offering video games for Bitcoins so it could work out very well in fact.
Not all kids are gamers, but for a lot of teens I'd think this is where they'd probably be spending most of their BTC.
Most parents give pocket money to their kids. If you forget, the kid will remind you about it, and this might be the best opportunity there is to grow the Bitcoin economy. The kids will find a way to spend their Bitcoin the way they want...
So I hope every parent here now gives his kid's pocket money in Bitcoin only.
you are crazy So I hope every parent here now gives his kid's pocket money in Bitcoin only.
From Steve's thread last year on this subject.
https://bitcointalksearch.org/topic/m.953646
Update: The 6 year old, now 7, bought herself her own laptop when btc price was around $240.
https://bitcointalksearch.org/topic/m.953646
Update: The 6 year old, now 7, bought herself her own laptop when btc price was around $240.
1) How do you expect any kid to use their Bitcoin "pocket money"
2) Where would a kid do this?
3) What can kids currently buy with Bitcoin?
4) You forget the mindset of most kids. Any kid aged 13 to 16 receiving Bitcoin "pocket money" is BOUND to do extensive research to where they can spend it, and about 95% of them will come across Silk Road. Not good.
They can buy child porn. From what I hear it's porn, but for children.
Perfect 
I totally agree. I'll set up my children's computers to block porn, but other than that they're free to do anything on it unless I personally catch them doing something dubious (e.g. cloning phones, really bad black hat hacking, etc.)
Implying there is anything wrong with... any of those. The only problem would be if there was an intent to harm someone.
Here's a half a bitcoin timmy - now dont let me catch you on silk road buying up porn or drugs with this! Would work better if there were 'merchant kit' versions of pdfs out there that taught kids to accept btc in different business ventures like lemonade stands garage sales bookfairs fundraisers etc.
Here, let me get that for you:
Step 1: generate an address in your favorite client or webclient
Step 2: generate a QR code with that address
Step 3: print the QR code on a sheet of paper
Step 4: when somebody wants to pay you with bitcoin, have them scan your QR code
Step 5: PROFIT!
Hummmmmm LOL
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
I totally agree. I'll set up my children's computers to block porn, but other than that they're free to do anything on it unless I personally catch them doing something dubious (e.g. cloning phones, really bad black hat hacking, etc.)
Implying there is anything wrong with... any of those. The only problem would be if there was an intent to harm someone.
Here's a half a bitcoin timmy - now dont let me catch you on silk road buying up porn or drugs with this! Would work better if there were 'merchant kit' versions of pdfs out there that taught kids to accept btc in different business ventures like lemonade stands garage sales bookfairs fundraisers etc.
Here, let me get that for you:
Step 1: generate an address in your favorite client or webclient
Step 2: generate a QR code with that address
Step 3: print the QR code on a sheet of paper
Step 4: when somebody wants to pay you with bitcoin, have them scan your QR code
Step 5: PROFIT!
I totally agree. I'll set up my children's computers to block porn, but other than that they're free to do anything on it unless I personally catch them doing something dubious (e.g. cloning phones, really bad black hat hacking, etc.)
Implying there is anything wrong with... any of those. The only problem would be if there was an intent to harm someone.
Here's a half a bitcoin timmy - now dont let me catch you on silk road buying up porn or drugs with this! Would work better if there were 'merchant kit' versions of pdfs out there that taught kids to accept btc in different business ventures like lemonade stands garage sales bookfairs fundraisers etc.
I totally agree. I'll set up my children's computers to block porn, but other than that they're free to do anything on it unless I personally catch them doing something dubious (e.g. cloning phones, really bad black hat hacking, etc.)
Implying there is anything wrong with... any of those. The only problem would be if there was an intent to harm someone.
Jump to: