Explaining something that is "unreal" which is especially untouchable by a kids is a pretty much a bad idea
I don't know exactly what you mean about unreal. If you mean unreal is a virtual thing, then there is a video game. Kids like to play it, and I think it doesn't matter if we just teach other virtual thing like bitcoin.
You cant compare video game with
BTC. A video games has been always a part of kids life and it is undeniable. A game is a game but
BTC isnt a game , it is a currency . Currency that is untouchable and unseenable , of course we do have a physical coins that can be touch and seen but that is just a niche of it because
BTC is "virtual" in nature
The bolded part indicate that it is will be hard for kids to learn about this stuff.
So you show them price of the stuff in bitcoin currency.
I have voiced my concern regarding this , mainly because prices of the stuff will be in USD ( or any other currency ) which means that this will differ each day because of the
BTC volatility . Also not to mention about the decimal value which could be quite confursing for kids at their young ages
i.e $10 = 0.0378
BTC and $11 = 0.04017 for today and it will be different tomorrow depending on the rate tomorrow
From the example above you would see that it would be confusing for some kids that the each increment of $1 in
BTC will generate a different decimal number each day depending on the rate
P.S : Do note that this is a rough count of the price and I am using USD to make the calculations much simpler
Teaching kids about BTC is pretty much very different than teaching kids about money.
There are few concerns of mine regarding this
#1 BTC mostly use up decimal value for the smaller sum i.e $1 = 0.003xxxx which is hard for kids to comprehend things about decimal
value in such young ages
#2 The price of BTC is too volatille. It may be a 0.003xx for $1 today and it might hit 0.004xx tomorrow so since the price is unstable
and volatille it is not suitable to teach kids about it and it will require you to explain the whole things on how this numbers change up
each day and that would be complicated things to do
#3 Teaching kids something that is untouchable and cannot be see is like teaching kids about some fairy tales story
Conclusion on how to teach kids about BTC : dont teach them something that is not comprehendable by them yet
If you said that, so do you think money is not complicated too? There are currency exchange rate, inflation, deflation, interest, etc in money case. But, a parents don't teach kids yet because that's not important to them. So, why you need teach them about volatility of bitcoin.
Just tell him how use and save it.
FIAT isnt so complicated because it has a fix "number" . $1 will always stay as $1 note no matter how big the inflation rate is , what matter about inflation is that $1 wont be useable anymore to buy some stuff but still $1 will still be a $1 note.
With
BTC the value of it differ each day depending on the current rate which is quite confusing especially because it is involving decimal number for it , this is confusing for kids
As for the bolded part, Im not quite sure if you mean tell them how to "send"
BTC or how to "use"
BTC . Basically one couldnt use
BTC to buy some stuff without knowing about the price but if you meant how to "send"
BTC then it is pretty much just a single click on your wallet
So some food for thoughts :
you teach your kids that $1 equal to = 0.003
BTC today then the next days when he realized that $1 is not equal to 0.003
BTC anymore and so on. So your action is? will you teach your kids about how the rate of it could change so much in overnight? basically this is about volatility issue
When I joined this forum I saw a thread where a Dad was teaching his Daughter (7-10 years old, if I remember correctly) on how to use bitcoins
Back then I remembered we are still using a whole
BTC because it is pretty cheap rather than 0.xxxx
BTC to express $1 and volatility isnt a major issue back then
a basic understanding on how to spend send and receive bitcoins will suffice and later on when they grow up they can be taught other technical aspects of it.
I'd say teach them how to send and receive only without relying on the current rate of
BTC for that moment. Basically things with "spend" involve the current rate of it in FIAT as most stuff have the prices on FIAT so this will simplify things if you are going to teach your kids about
BTC and stuff
P.S : I could be wrong about the spend and send stuff