How would you tell kids about bitcoin? - page 4.

ebliever

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Quote from: Kakmakr on July 02, 2015, 02:51:17 AM

I would not introduce my kids to Farmsatoshi because all indications are that they are just another Ponzi scheme. See : ChickenCoins
Yes, you are right on using Piggycoin as a example and more gaming related sites should catch on to this.
Let's just hope, when they make tons of Bitcoins, they will not use it on Silkroad III. ^chuckle^

A Ponzi scheme is where you invest money and then get a return on your investment, only it turns out they pay you back with other, later, investors money.

Farm Satoshi is a game that pays you, in essence, for viewing advertising. You can't invest money into it, so it cannot be a Ponzi scheme.

I'm at level 20 in the game now, and it looks like I'll be able to earn about 100,000 satoshi/day after I finish power-leveling. I've got 550,000 satoshi laying there right now if I wanted to withdraw it. And not a satoshi invested. ;-)

pooya87

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Quote from: Kakmakr on July 02, 2015, 02:51:17 AM

Quote from: ebliever on July 01, 2015, 03:08:20 PM

Well, I wouldn't actually start with bitcoin, if I wanted to teach kids about bitcoin. I'd start with Piggycoin instead, as it is more geared to the purpose:

https://www.piggy-coin.com/

Note that they have a seed fund that educators can tap into to give kids a little "play money" in crypto to play with. My four kids all have Piggycoin accounts and I pay them regularly for little off-the-cuff tasks or when they are just being especially good and helpful as a way of thanking them.

I wish there was a game like Farm Satoshi (farmsatoshi.com, referral address https://farmsatoshi.com/?ref=13181) that was suitable for kids. Farm Satoshi actually has a very kid-friendly look and feel to it and would be easy for them to pick up. It's a fun game that uses satoshi for currency and handles real payouts (like a faucet) through Xapo. The problem is that the advertising is not kid-friendly on the whole. So if someone could cut out the "Russian/Thai/Chinese babes" type ads (which are only a fairly small proportion), it could be a real winner for something like this.

I would not introduce my kids to Farmsatoshi because all indications are that they are just another Ponzi scheme. See : ChickenCoins
Yes, you are right on using Piggycoin as a example and more gaming related sites should catch on to this.
Let's just hope, when they make tons of Bitcoins, they will not use it on Silkroad III. ^chuckle^

i agree, i don't know about farmsatoshi or any similar games for that matter but i think introducing bitcoin to a kid with a game is the best way to teach them about it.

Stn

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Quote from: HCLivess on July 01, 2015, 02:34:36 AM

Quote from: Stn on July 01, 2015, 01:51:19 AM

What for you want to explain Bitcoin to a kid? Average kid hardly understands concept of money at all. It is too abstract for a young brain. Forget about Bitcoin god sake. Leave them joy of childhood.

If you told me this at the kindergarden, I would cry for you underestimating me.

I don't deny small share of wunderkinds in a kindergarten. And may be you were the one. But average kid knows only:
1. money is a thing to exchange for sweets and toys
2. money comes out from mummy's purse

I don't consider this as understanding. Baby elephant taking banknote from tourist and running to the local refreshment stall has the same level of understanding of money concept.

Kakmakr

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Quote from: ebliever on July 01, 2015, 03:08:20 PM

Well, I wouldn't actually start with bitcoin, if I wanted to teach kids about bitcoin. I'd start with Piggycoin instead, as it is more geared to the purpose:

https://www.piggy-coin.com/

Note that they have a seed fund that educators can tap into to give kids a little "play money" in crypto to play with. My four kids all have Piggycoin accounts and I pay them regularly for little off-the-cuff tasks or when they are just being especially good and helpful as a way of thanking them.

I wish there was a game like Farm Satoshi (farmsatoshi.com, referral address https://farmsatoshi.com/?ref=13181) that was suitable for kids. Farm Satoshi actually has a very kid-friendly look and feel to it and would be easy for them to pick up. It's a fun game that uses satoshi for currency and handles real payouts (like a faucet) through Xapo. The problem is that the advertising is not kid-friendly on the whole. So if someone could cut out the "Russian/Thai/Chinese babes" type ads (which are only a fairly small proportion), it could be a real winner for something like this.

I would not introduce my kids to Farmsatoshi because all indications are that they are just another Ponzi scheme. See : ChickenCoins
Yes, you are right on using Piggycoin as a example and more gaming related sites should catch on to this.
Let's just hope, when they make tons of Bitcoins, they will not use it on Silkroad III. ^chuckle^

lorylore

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If you could explain bitcoin to a kid then you understand the bitcoin.

BitcoinNewbie15

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Bitcoin isn't a bubble. It's the pin!

I would show an animation video explaining what Bitcoin is to kids. I also think incorporating Bitcoin into some sort of a Video game would be a great way of getting kids interested in Bitcoin and it would also possibly make them want to learn more about Bitcoin.

Snorek

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Quote from: Huobi-USD on July 01, 2015, 01:26:29 AM

How would you explain bitcoin to a kid?

"A multi-player server on the wildly popular video game Minecraft has introduced bitcoin to its world as a way of teaching children about digital currency."
http://www.coindesk.com/kid-friendly-minecraft-server-launches-bitcoin-economy/

If you are invited to give a speech about bitcoin to school kids, how would you introduce bitcoin?

It is not a new concept I've heard about something like that before. I recall that someone created Minecraft server but with Litecoin economy and it didn't go well.
In short after sometime there were like wealthy elite on the server who can afford anything and 95% of other players were peasants. I wonder how it will go this time.

Argwai96

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Quote from: ebliever on July 01, 2015, 03:08:20 PM

Well, I wouldn't actually start with bitcoin, if I wanted to teach kids about bitcoin. I'd start with Piggycoin instead, as it is more geared to the purpose:

https://www.piggy-coin.com/

Note that they have a seed fund that educators can tap into to give kids a little "play money" in crypto to play with. My four kids all have Piggycoin accounts and I pay them regularly for little off-the-cuff tasks or when they are just being especially good and helpful as a way of thanking them.

I wish there was a game like Farm Satoshi (farmsatoshi.com, referral address https://farmsatoshi.com/?ref=13181) that was suitable for kids. Farm Satoshi actually has a very kid-friendly look and feel to it and would be easy for them to pick up. It's a fun game that uses satoshi for currency and handles real payouts (like a faucet) through Xapo. The problem is that the advertising is not kid-friendly on the whole. So if someone could cut out the "Russian/Thai/Chinese babes" type ads (which are only a fairly small proportion), it could be a real winner for something like this.

I would say for any kid under 14 those are good startup points, has an sample my 15 year old is all about grown up stuff since he wants to be cool with his friend everything most be adult because kid stuff is not for him anymore.

but defendly great tools to get kids learning about digital currencies.

ebliever

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Well, I wouldn't actually start with bitcoin, if I wanted to teach kids about bitcoin. I'd start with Piggycoin instead, as it is more geared to the purpose:

https://www.piggy-coin.com/

Note that they have a seed fund that educators can tap into to give kids a little "play money" in crypto to play with. My four kids all have Piggycoin accounts and I pay them regularly for little off-the-cuff tasks or when they are just being especially good and helpful as a way of thanking them.

I wish there was a game like Farm Satoshi (farmsatoshi.com, referral address https://farmsatoshi.com/?ref=13181) that was suitable for kids. Farm Satoshi actually has a very kid-friendly look and feel to it and would be easy for them to pick up. It's a fun game that uses satoshi for currency and handles real payouts (like a faucet) through Xapo. The problem is that the advertising is not kid-friendly on the whole. So if someone could cut out the "Russian/Thai/Chinese babes" type ads (which are only a fairly small proportion), it could be a real winner for something like this.

shorena

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No I dont escrow anymore.

As money in general is very abstract to most young kids I would not explain much about bitcoin, but rather show them how it works. Depending on the age possibly discuss more advanced ideas like >50% attacks, double spends in their different forms, etc.

Quote from: franky1 on July 01, 2015, 09:23:21 AM

Quote from: Huobi-USD on July 01, 2015, 01:26:29 AM

How would you explain bitcoin to a kid?

"A multi-player server on the wildly popular video game Minecraft has introduced bitcoin to its world as a way of teaching children about digital currency."
http://www.coindesk.com/kid-friendly-minecraft-server-launches-bitcoin-economy/

If you are invited to give a speech about bitcoin to school kids, how would you introduce bitcoin?

i would not use the words "digital decentralised crypto currency"

i would simply have the game that accepts bitcoin, and a few online shops that sell candy, childrens clothing and just show the kids how easy it is to buy things.
i would explain that the 'funds' are not stored in a bank account by some company, but instead spread out all over the world and accessed using the special wallet and passkey, ensuring no one but the holder of the key can touch the funds.

it needs to be as simple as handing a kid some pocketmoney and showing them how to spend it.. and thats all

I like this idea as well, dont focus on the workings, focus on the use. Its pretty similar to how you would explain young kids the internet. You dont talk about routers, servers, backbones and all that. You show them what it has to offer and how it can be used (safely).

nandaltc

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Quote from: ?? on ??

I would tell them to stay away from Chinese exchanges!!

Why? I think they are good, I really used a chines Exchanger who is really good to me. Are you talking about BTC-e?

I think I will tell my Children, that if you want to earn some extra do use bitcoin, if it will be alive after 10 year Wink

Argwai96

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Quote from: Bees Brothers on July 01, 2015, 12:43:50 PM

It is easier to teach kids about bitcoin than to teach them about the Federal Reserve System.
The same with adults...

I know right at lease with kids the would value it but the federal reserve system is just out of this world all they care about is being able to print more free money pretty much.

Bees Brothers

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It is easier to teach kids about bitcoin than to teach them about the Federal Reserve System.
The same with adults...

franky1

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Quote from: Huobi-USD on July 01, 2015, 01:26:29 AM

How would you explain bitcoin to a kid?

"A multi-player server on the wildly popular video game Minecraft has introduced bitcoin to its world as a way of teaching children about digital currency."
http://www.coindesk.com/kid-friendly-minecraft-server-launches-bitcoin-economy/

If you are invited to give a speech about bitcoin to school kids, how would you introduce bitcoin?

i would not use the words "digital decentralised crypto currency"

i would simply have the game that accepts bitcoin, and a few online shops that sell candy, childrens clothing and just show the kids how easy it is to buy things.
i would explain that the 'funds' are not stored in a bank account by some company, but instead spread out all over the world and accessed using the special wallet and passkey, ensuring no one but the holder of the key can touch the funds.

it needs to be as simple as handing a kid some pocketmoney and showing them how to spend it.. and thats all

Daniel91

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Right now, I don't think I would like to share with my kids about bitcoin.
In my opinion, BTC is still very risky, not mainstream yet and people still see bitcoin as investment and buying it with hope that they will make profit from it.
If kids will ask me and I will have to give some answer, I will tell them that bitcoin is great new idea how to get rid from the banks and become financially independent but it's to early to say if bitcoin will make breakthrough and really become alternatively accepted world currency or not.
I will advice not to invest their own money here but to earn some BTC in a free ways and save it for later.

Argwai96

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Quote from: sun64986161 on July 01, 2015, 01:44:21 AM

provide an allowance in the form of bitcoin Wink

also we can introducing about trading game

we give 2 choice like market up or market down

Nice way on putting bitcoin in to a kids life, I'm actually going to take some what of your idea with out the trading part for now, i dont want my kid to be on the computer all day looking at charts that would be nuts lmao,
I'm going to setup a mobile wallet on hes phone with bitcoin so he could begin using it, i'm putting together a map of the stores that take bitcoin has payment.

pooya87

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Quote from: Stn on July 01, 2015, 01:51:19 AM

What for you want to explain Bitcoin to a kid? Average kid hardly understands concept of money at all. It is too abstract for a young brain. Forget about Bitcoin god sake. Leave them joy of childhood.

i agree that teaching kids about bitcoin might be a little too soon and it might be a little hard to understand.
what you said about "Average kid hardly understands concept of money at all." is wrong. because they do and actually parents should start teaching them about concept of money at very early ages like 4-5 years old.

Fullbuster

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My kid would be a genius if he gets his mama's dna, so he can figure it out by himself no need of my help Grin

AtheistAKASaneBrain

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It's impossible that kids would understand how would Bitcoin works. I would focus on making them learning how to use a wallet and do basic transactions. Im sure any kid can learn that after seeing how they learn to use computers and smartphones pretty easily. They will grow up with it and be second nature to them. Eventually they can learn how the blockchain works.

--Encrypted--

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hee-ho.

I'd tell them bitcoin is money. the end
if the kid is mine I'll teach them about bitcoin little by little until they know more than me or become the next Satoshi Nakamoto

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