Had a talk with my son today about my bitcoins - page 3.

alexsandria

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Quote from: RokokGudangGaram on April 19, 2018, 11:31:12 AM

well that's much better for our children, because with we love to know about bitcoin to our children surely our children will be able to know how to earn income in bitcoin world and our children can also continue the business / assets that we have today

Its always a good idea to teach them early. They would know the value of having it and losing it as well. It will teach them early about the business specially that this will definitely replace money in the future. Also teach them the value of keeping ang securingbsomething important

mrtryonebiggums

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That is awesome man glad you could enjoy that moment with your child. I don't have children yet but one day I aim to have a similar discussion with them, and who knows I may not be passing on Bitcoins Roll Eyes

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Corsicoin

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Don't know if it's a good idea...
I mean : Is money something understandable for kids? And what about an alt money?
I think a paper wallet with his name on it is a better way to transfer this "secret" ^^

RokokGudangGaram

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well that's much better for our children, because with we love to know about bitcoin to our children surely our children will be able to know how to earn income in bitcoin world and our children can also continue the business / assets that we have today

Ronaldo Vu

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Hide your keys from your son. Do not create a situation where he could give those keys to friends via peer pressure. Kids at a young age are very easily convinced by older peers that they are doing nothing wrong.

Educate your son on this, and maybe consider splitting your wallet among multiple keys. I personally have 2 Trezor devices and one Ledger. Looking at a 4th. Each member of my family has a copy of specific keys (or partial sets of keys where they need to unite to unlock the cryptocurrency). This is so no single hiccup can clean me out.

Good luck, and I'm glad your son is learning!

Purwal

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Man, you are so right about future generations who will be main users of cryptocurrencies. Thanks for idea about securing my crypto assets for my kids. I think I will do it as well.

lovebts

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My 8 year old knew about bitcoin from playing "Bitcoin Billionaire" on iOS. I looked at the game and laughed but the concept of mining with a computer were there along with a knowledge of digital currency as a replacement for money.

Linh Ga

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I sat my 7yr old son down and showed him my ledger nano and how to use it in case anything ever happens to me.
I explained there is electronic money on it and it will be his one day. Went through the process of wiping it and restoring with the seed. But reminded him never ever tell anyone about it is our secret.

He's a smart kid and was amazed at how it's secured by an extremely complex code and that no one can steal the money you can take it anywhere and it's safer than a bank because the ledger is a bank itself (i know that's not quite correct but still). I didn't tell him how much are on there but told him one day it will be extremely valuable that's why I'm telling him about it is for him when he grows up.

Later that day we talked about how to secure the seed and printing it on a metal plate. He thinks it is so cool.

It amazed me how a child instantly understood it and showed how cryptos are for the future generations not us. We are early adopters so buy at least 1 bitcoin for your kids. Just might set them up for life.

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