Topic: How do we explain a BITCOIN to a small child? (Read 701 times)
I can not agree with those, who tell that children should not know about cryptocurrency. Financial literacy, especially for Z generation, should start from the childhood. Yes, first time the child would definitely make mistakes, but he will thank you when he will grow up and will know the basics. You can start explanation as a game, "explanation on apples".
Ordinary money is physical like a coin. Bitcoin is like a coin stored on a computer, it is computer money.
When you see ordinary money on a computer, it is basically physical money that is in a bank. But computer money is actually on your computer.
With ordinary money, the government decides how much money there is. With computer money, a computer formula tells you how much money there is.
With ordinary money you almost always know who you are doing business with. But with computer money you don't need to know who the person is, you just need to connect to his computer.
With ordinary money the government can easily tell how much money you have and how much money you should pay the government, because that money is in a bank. With computer money it is difficult since that money is on your computer.
With ordinary money you need to pay a fee when you send money because the money has to go from one bank to another and those banks have fees. With computer money you don't need to pay a fee because the coins go directly to the other person's computer.
So with ordinary money you need governments and banks, but with computer money all you need is your computer!
This isn't quite true anymore, but it is the closest approximation of the truth I think that would make sense to a small child.
When you see ordinary money on a computer, it is basically physical money that is in a bank. But computer money is actually on your computer.
With ordinary money, the government decides how much money there is. With computer money, a computer formula tells you how much money there is.
With ordinary money you almost always know who you are doing business with. But with computer money you don't need to know who the person is, you just need to connect to his computer.
With ordinary money the government can easily tell how much money you have and how much money you should pay the government, because that money is in a bank. With computer money it is difficult since that money is on your computer.
With ordinary money you need to pay a fee when you send money because the money has to go from one bank to another and those banks have fees. With computer money you don't need to pay a fee because the coins go directly to the other person's computer.
So with ordinary money you need governments and banks, but with computer money all you need is your computer!
This isn't quite true anymore, but it is the closest approximation of the truth I think that would make sense to a small child.
I think you are not asking us question, you are telling us answer that how to convince to people who don't know about bitcoin, even he is a child or man.
But you are telling right, Bitcoin is a computer money, because we earn it from computer. So better to tell about bitcoin in a short sentence that it is a computer money.
There are many ideas you can use for example you can use board games or are you can go for any role play games. There are many options you can try as because the child loves to play and they do not care about what type of games as long as they are interested in playing it. I think children should have a small introduction free course on Bitcoin and other cryptocurrencies in their schools should I get a basic idea about what digital assets are and how they work just like what they learn about banks.
If years to come, my children become adult and I become elderly, I will say them about bitcoin. To keep it briefly, I simply say "Let me tell you about a legend, namely bitcoin. I give you a key word, now, you can start find out what is bitcoin". That's it, but I believe if that day come, my children might even understood about bitcoin and blockchain technology better than me.
Bitcoin is the most popular cryptocurrency, dominating the crypto space with its blockchain technology and its scarcity. Bitcoin was created in 2009 by the pseudonym Satoshi Nakamoto, who might be an individual or a group of people. It works on a peer to peer network, where no intermediaries are involved. It is the digital currency, which aims to exclude intervention of any third parties, while you are transacting.
It is gaining adoption and some people have started using BTCs in real time, like buying a Lamborghini or buying a mansion. It's easy as well as advanced. Once you understand the technology behind it, you will definitely embrace the beauty of this digital currency.
Bitcoin prices are surging that too at a greater pace. It is trading at $5,277.62with a 4-month high. The ever-fluctuating Bitcoin made many involved in the price forecast of Bitcoin.
Ordinary money is physical like a coin. Bitcoin is like a coin stored on a computer, it is computer money.
Small child dont see reality as you do, for him all he see first is normal.So if you say Bitcoin is money, it is money for child more real than actual FIAT money. Its digital? Its normal its digital, old fashion money is not digital.
See my point?
dont explain bitcoin to a small child, its not good for them
For the first time i find you answer helpful lol 😂 I have been disagreeing with most of your post here as i find you anti bitcoin(sorry for the term but thats the way i see it)
But I believe that this must not be explain for smaller child in which they don't need this at those ages(unless small child for OP is secondary level lol)children should think only on what to play and not how to Earn or to be tech at young age.we once a kids also and we know that playing is what we need than learning things that required for older people
Why should we explain small children about bitcoins, kids should not worry about money, so I see no reason for explaining them about it.
Kids know digital money from all their games, they know they can earn them from doing things in their games, and spend them on upgrades.
A simple way to explain it cut be something like this.
The bitcoin blockchain is just a way to keep account of the transaction between the owners of bitcoins. So when I send you one bitcoin then the miners who keep account of the blockchain has to agree that now I have one bitcoin less and you have one bitcoin more.
Kids know digital money from all their games, they know they can earn them from doing things in their games, and spend them on upgrades.
A simple way to explain it cut be something like this.
The bitcoin blockchain is just a way to keep account of the transaction between the owners of bitcoins. So when I send you one bitcoin then the miners who keep account of the blockchain has to agree that now I have one bitcoin less and you have one bitcoin more.
The different between the paper money and the bitcoin is the activities that one under go before carrying out it transactions because the bitcoin is operated base on the internet and by computer coding and bitcoin is the digital money which is operated on the internet and does not have physical representations.
Simply tell them:
Bitcoin is the next legend in human civilization, just after Gold in human history.
That's all you need to say to your kids.
If there is no demand to explain what is Gold to children, there will be no demand to explain what is Bitcoin to them.
Bitcoin is the next legend in human civilization, just after Gold in human history.
That's all you need to say to your kids.
If there is no demand to explain what is Gold to children, there will be no demand to explain what is Bitcoin to them.
Let the child grow and only after he have 15-16 years explain how bitcoin work, because even if he understand what you say he may fail to take protection and can lose bitcoins.
The topic would have been better this way "how do you explain bitcoin to a layman"
Well bitcoin simplified is digital money or currency that can be transferred from one individual to another
Well bitcoin simplified is digital money or currency that can be transferred from one individual to another
Maybe I will say this:
"Hey kids, let me tells you. In the future, our paper money will be change into digital like what your dad pay to buy your toys in malls. You see that your dad doesn't use paper money, but your dad uses the money inside his phone and transfer the money to that store. You can imagine how this will makes your life more simple. You don't have to carry paper money everywhere, you only load some money on your phone, and it's enough to pay everything you want."
That is just an example of what I will tell my kids. I don't want to explain to details because they don't need to know, all they care is play, and we should support them. If they want to know what I did, I will explain that your dad works from trading, watching the price up and down.
If you want to know about bitcoin, then you need to go school until you graduate, don't forget to learn about technology because technology will grow bigger than now and that is what your world will be in the future.
"Hey kids, let me tells you. In the future, our paper money will be change into digital like what your dad pay to buy your toys in malls. You see that your dad doesn't use paper money, but your dad uses the money inside his phone and transfer the money to that store. You can imagine how this will makes your life more simple. You don't have to carry paper money everywhere, you only load some money on your phone, and it's enough to pay everything you want."
That is just an example of what I will tell my kids. I don't want to explain to details because they don't need to know, all they care is play, and we should support them. If they want to know what I did, I will explain that your dad works from trading, watching the price up and down.
If you want to know about bitcoin, then you need to go school until you graduate, don't forget to learn about technology because technology will grow bigger than now and that is what your world will be in the future.
Why don't you explain bitcoin to your children once they grow up? And tell them that these holdings can make you go rich in the future and give your bitcoins to them.
Blockchain and crypto is however a tool that the upcoming generation will be using day in and out. When we were kids smartphone was newly intraduced did we require class to learn its use same will be with crypto for the upcoming kids.
That is a good analogy to compare the use of smart phone in every day life in the present day, it might not necessarily be the case when it comes to financial things, how many kids know about internet banking and other banking related services, i am sure only a small percent will know these things, but with major online adoption we will see a massive change. In my opinion, bitcoin is bitcoin, no matter which price it has at specific timepoint, 1 BTC is always 1 BTC, nothing more, nothing less.
It's easily visible fact, everyone can see it.
If a new user is planning to invest in bitcoin, they need to use fiat currency first and they invest according to the price valuation according to their local currency too.It's easily visible fact, everyone can see it.
Do you explain what is sugar, salt to children?
You will explain these basic things to kids when they are small, there will be a time when they are curious about everything and that is how kids are. 
I think you should move the topic to Bitcoin Discussion, not here.
In my opinion, bitcoin is bitcoin, no matter which price it has at specific timepoint, 1 BTC is always 1 BTC, nothing more, nothing less.
It's easily visible fact, everyone can see it.
Explanation what bitcoin is for children, I don't see reasons to do this.
Do you explain what is sugar, salt to children?
Of course, sometimes but such explanations on sugar, salt are not essential things/ definitions that children should know.
What they care and should care about is functionality of sugar, salt for their body's health as same as the benefits bitcoin can bring to their lives.
That's all.
Teaching them, giving them guide to use bitcoin and get benefits from bitcoin for their daily lives.
In my opinion, bitcoin is bitcoin, no matter which price it has at specific timepoint, 1 BTC is always 1 BTC, nothing more, nothing less.
It's easily visible fact, everyone can see it.
Explanation what bitcoin is for children, I don't see reasons to do this.
Do you explain what is sugar, salt to children?
Of course, sometimes but such explanations on sugar, salt are not essential things/ definitions that children should know.
What they care and should care about is functionality of sugar, salt for their body's health as same as the benefits bitcoin can bring to their lives.
That's all.
Teaching them, giving them guide to use bitcoin and get benefits from bitcoin for their daily lives.
When a kid actually don't have any knowledge about the fiat or crypto then we can introduce them to cryptos much easily because they will just accumulate what we are showing to them.But for using cryptos we no need to have extensive knowledge just having the knowledge of reading and using smartphone will be enough.
For many people, these technologies are quite difficult to understand.
It's not so hard to understand, they just don't want to learn more about it and denies interest about bitcoin and blockchain. 
...
So with ordinary money you need governments and banks, but with computer money all you need is your computer!
This isn't quite true anymore, but it is the closest approximation of the truth I think that would make sense to a small child.
So with ordinary money you need governments and banks, but with computer money all you need is your computer!
This isn't quite true anymore, but it is the closest approximation of the truth I think that would make sense to a small child.
How do we explain a BITCOIN to a small child?
Simple.
Magic Internet Money!
Same way you explain Bitcoin to an average adult.
In fact that's how lots of stupid projects sold their shitcoins to fully grown adults.
In fact that's how lots of stupid projects sold their shitcoins to fully grown adults.
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