Why would it be illegal for minors to own bitcoin? What a ridiculous thought.
Also, there's a difference between what is illegal and what will actually get you in trouble. Having your parents use their identification to help buy you bitcoins isn't getting anyone in trouble and while legality is questionable, there's literally a 0% chance of it being a problem.
Of course, minors shouldn't be gambling bitcoins, but that's another story.
Remember, all of these laws are to protect minors. A minor who is signing a contract isn't doing anything wrong - the person who is having him sign it is the one who is the "bad guy." It's important to help minors turn into successful businessmen (while still protecting the ones who need protection) instead of turning them away.
Topic: How are under 18's using Bitcoin? - page 2. (Read 3363 times)
Wost thread ever.
Not even kidding when I say changing the topic to the text below would make more sense:
"How are people over 40 getting a hold of Bitcoins when none of them know how to work VCRs???"
To which the under 18 crowd would say "What is a VCR?" Not even kidding when I say changing the topic to the text below would make more sense:
"How are people over 40 getting a hold of Bitcoins when none of them know how to work VCRs???"
Wost thread ever.
Not even kidding when I say changing the topic to the text below would make more sense:
"How are people over 40 getting a hold of Bitcoins when none of them know how to work VCRs???"
Not even kidding when I say changing the topic to the text below would make more sense:
"How are people over 40 getting a hold of Bitcoins when none of them know how to work VCRs???"
I beg to differ. Being under 18 means nothing. If you have a talent it is easy to sell a service such as web designing, art, etc.
I keep seeing people claiming to be well under 18 and claiming they have made a decent amount of Bitcoin yet how can they? They can't purchase from any excahnge because you need to be 18 in order to sign a legal contract and buy from any exchange.
So they are lying unless they sell services but they have no experince in most things sorry for the rant but its annoying when people claim to be young and have enough experince to make well over 50 Bitcoin in such a short period of time without buying from a exchange.
So they are lying unless they sell services but they have no experince in most things sorry for the rant but its annoying when people claim to be young and have enough experince to make well over 50 Bitcoin in such a short period of time without buying from a exchange.
I'm 17, I just arrange wire transfers with people via localbitcoins
Every way we get them other than exchanges. Mining, localbitcoins, forum exchanges, etc. Or just have parent sign up for exchange and use the account
anyone regarldless of age should be able to use bitcoin. fuck regulations.
There is going to be a "Kids Panel" at the Texas Bitcoin Convention. Don't have all the details on that yet, but one of my boys will be on the panel.
http://texasbitcoinconference.com/schedule
Now he is trying to figure out what type of government ID he needs to have for the plane ride since he just realized his passport is expired.
http://texasbitcoinconference.com/schedule
Now he is trying to figure out what type of government ID he needs to have for the plane ride since he just realized his passport is expired.
I keep seeing people claiming to be well under 18 and claiming they have made a decent amount of Bitcoin yet how can they? They can't purchase from any excahnge because you need to be 18 in order to sign a legal contract and buy from any exchange.
So they are lying unless they sell services but they have no experince in most things sorry for the rant but its annoying when people claim to be young and have enough experince to make well over 50 Bitcoin in such a short period of time without buying from a exchange.
So they are lying unless they sell services but they have no experince in most things sorry for the rant but its annoying when people claim to be young and have enough experince to make well over 50 Bitcoin in such a short period of time without buying from a exchange.
You just use
its not big matter no rules on it 
unless they sell services but they have no experince in most things sorry for the rant but its annoying when people claim to be young and have enough experince to make well over 50 Bitcoin in such a short period of time without buying from a exchange.
This is most perplexing. There are so many teens with entrepreneurial spirit, most definitely capable of putting together a website or 3.
Just one example: Zhou Tong. Made truckloads out of Bitcoinica, and has moved on to domain registration and other businesses. Some people may hate him, but you can't deny he made tons of money before his 18th birthday.
How can they? Register a 3rd party account with their bank account and info.
Nobody has to know.
Nobody has to know.
I keep seeing people claiming to be well under 18 and claiming they have made a decent amount of Bitcoin yet how can they? They can't purchase from any excahnge because you need to be 18 in order to sign a legal contract and buy from any exchange.
So they are lying unless they sell services but they have no experince in most things sorry for the rant but its annoying when people claim to be young and have enough experince to make well over 50 Bitcoin in such a short period of time without buying from a exchange.
So they are lying unless they sell services but they have no experince in most things sorry for the rant but its annoying when people claim to be young and have enough experince to make well over 50 Bitcoin in such a short period of time without buying from a exchange.
Who really cares what someone says they made or didnt make. Don't worry about others too much.
With that said, it wouldn't be hard at all to get bitcoins if youre under 18. It's like saying "how the hell are all these kids under 21 drinking beer?!!?!"
. If there's something like an exchange where you need ID or to be a certain age, it's not that unthinkable that many kids have parents, relatives, or friends that would help them get an account. I know I had an account on a sports gambling site when I was teenager thanks to having older brothers who were fine with me gambling my own money away. So under a year you have made 10 Bitcoin? nearly 6000 dollars? Shame you can't withdraw yet unless you get your parents too..
Bullshit. I trade BTC with anyone - except cops trying to do a sting. There is nothing preventing my 5 year old from owning, buying or selling BTC. In fact I gave her a few physical BTC for her allowance when they were about $5 and, wisely, she put them in her savings and has held on to them and still has them.We have taught her to split her allowance into three parts: savings, spending and sharing. On her own she decided to do 25% sharing (donations to the things she believes in), 25% spending (candy, barbies, etc.) and 50% savings (she says "for college").
All my children have bitcoins and use them. All their bitcoins they have earned with their business or trading (no allowances and free handouts in our family).
The two teenagers use exchanges (mcxnow is a favorite right now), trade stocks, mine, buy things for themselves, have sold for cash a few times P2P, and given out loans (small amounts in all these categories).
The bulk of all their savings and transactions are done with btc. About the only thing they use cash for is when I need to borrow some from them (and they charge me interest payable in btc if I don't pay them back quickly).
They also knowour their CPA and have met with him in his office on occasion. We aren't rich or anything, just that they need to learn this stuff if they want to be independent, functioning slaves members of society.
There is a lot of parental involvement, but they are pretty much on their own. Like when I get home from work one of the first things I sometimes ask is "how was your trading today?" or once a month I might ask "are those miners still running?"
My favorite thing about bitcoin is that it has pricked their interests in tech stuff and now when I have an IT question I can just ask them instead of calling someone.
The two teenagers use exchanges (mcxnow is a favorite right now), trade stocks, mine, buy things for themselves, have sold for cash a few times P2P, and given out loans (small amounts in all these categories).
The bulk of all their savings and transactions are done with btc. About the only thing they use cash for is when I need to borrow some from them (and they charge me interest payable in btc if I don't pay them back quickly).
They also know
There is a lot of parental involvement, but they are pretty much on their own. Like when I get home from work one of the first things I sometimes ask is "how was your trading today?" or once a month I might ask "are those miners still running?"
My favorite thing about bitcoin is that it has pricked their interests in tech stuff and now when I have an IT question I can just ask them instead of calling someone.
You really are a awesome guy/gal for doing that for your children good job.
All my children have bitcoins and use them. All their bitcoins they have earned with their business or trading (no allowances and free handouts in our family).
The two teenagers use exchanges (mcxnow is a favorite right now), trade stocks, mine, buy things for themselves, have sold for cash a few times P2P, and given out loans (small amounts in all these categories).
The bulk of all their savings and transactions are done with btc. About the only thing they use cash for is when I need to borrow some from them (and they charge me interest payable in btc if I don't pay them back quickly).
They also knowour their CPA and have met with him in his office on occasion. We aren't rich or anything, just that they need to learn this stuff if they want to be independent, functioning slaves members of society.
There is a lot of parental involvement, but they are pretty much on their own. Like when I get home from work one of the first things I sometimes ask is "how was your trading today?" or once a month I might ask "are those miners still running?"
My favorite thing about bitcoin is that it has pricked their interests in tech stuff and now when I have an IT question I can just ask them instead of calling someone.
The two teenagers use exchanges (mcxnow is a favorite right now), trade stocks, mine, buy things for themselves, have sold for cash a few times P2P, and given out loans (small amounts in all these categories).
The bulk of all their savings and transactions are done with btc. About the only thing they use cash for is when I need to borrow some from them (and they charge me interest payable in btc if I don't pay them back quickly).
They also know
There is a lot of parental involvement, but they are pretty much on their own. Like when I get home from work one of the first things I sometimes ask is "how was your trading today?" or once a month I might ask "are those miners still running?"
My favorite thing about bitcoin is that it has pricked their interests in tech stuff and now when I have an IT question I can just ask them instead of calling someone.
I like you
All my children have bitcoins and use them. All their bitcoins they have earned with their business or trading (no allowances and free handouts in our family).
The two teenagers use exchanges (mcxnow is a favorite right now), trade stocks, mine, buy things for themselves, have sold for cash a few times P2P, and given out loans (small amounts in all these categories).
The bulk of all their savings and transactions are done with btc. About the only thing they use cash for is when I need to borrow some from them (and they charge me interest payable in btc if I don't pay them back quickly).
They also knowour their CPA and have met with him in his office on occasion. We aren't rich or anything, just that they need to learn this stuff if they want to be independent, functioning slaves members of society.
There is a lot of parental involvement, but they are pretty much on their own. Like when I get home from work one of the first things I sometimes ask is "how was your trading today?" or once a month I might ask "are those miners still running?"
My favorite thing about bitcoin is that it has pricked their interests in tech stuff and now when I have an IT question I can just ask them instead of calling someone.
The two teenagers use exchanges (mcxnow is a favorite right now), trade stocks, mine, buy things for themselves, have sold for cash a few times P2P, and given out loans (small amounts in all these categories).
The bulk of all their savings and transactions are done with btc. About the only thing they use cash for is when I need to borrow some from them (and they charge me interest payable in btc if I don't pay them back quickly).
They also know
There is a lot of parental involvement, but they are pretty much on their own. Like when I get home from work one of the first things I sometimes ask is "how was your trading today?" or once a month I might ask "are those miners still running?"
My favorite thing about bitcoin is that it has pricked their interests in tech stuff and now when I have an IT question I can just ask them instead of calling someone.
Bitcoin is like cash. Anyone can use it.
It's a parent's job to keep an eye on their children's financial situation and decide if they should be allowed to trade/buy/sell.. just like cash.
A lot of parents should keep an eye on their electricity bill though:)
It's a parent's job to keep an eye on their children's financial situation and decide if they should be allowed to trade/buy/sell.. just like cash.
A lot of parents should keep an eye on their electricity bill though:)
To be honest most teenagers are more up to date than me with technology and I always get taught by them on how to do things.
Why would they buy? Lol. There are enough people out there with enough knowledge to create websites and stuff. Simply accept Bitcoins and a payment and voila.
And damn all these fucking trolls in this topic.
And damn all these fucking trolls in this topic.
How not? Kids with gaming PCs + parents paying for electricity + 2012 = 10 BTC
I said I "have" 10 BTC, I didn't say how much I "had"
So under a year you have made 10 Bitcoin? nearly 6000 dollars? Shame you can't withdraw yet unless you get your parents too..
he could always go to McDonald's or Starbuck's and trade it with a cop
probably spend it on games and women.
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