I'd tell them that bitcoin was humanity's *first* authoritative decentralized record system, and that I'm proud to have been there at beginning, helping people to understand this, see the potential, and adopt it as a technology.
I'd try to impress upon them how incredible such a system is, compared to every other record-keeping method humanity had developed to date. It will be difficult for them to comprehend this, since in their lives, authoritative decentralized records of all sort will just be a longstanding fact of life that they've always lived with. No need for notaries, stock exchange management entities like NYSE, clearing houses, etc. They'll just be used to publishing transactions/contracts/whatever to some crypto-system and that's that; no middlemen, no delays. It'll be obvious in hindsight that these things reduce friction and expense, and is the rational way to go about all manner of financial transactions and contracts.
Along these lines, I'll end with Naval Ravikant's excellent post outlining the beginnings of all of this; hopefully all of which will be reality long before for my grandkids are even born:
The Internet of Money: http://startupboy.com/2013/11/07/bitcoin-the-internet-of-money/
Topic: In your old age what will you tell your grandkids about Bitcoin? (Read 1364 times)
December 08, 2013, 10:10:31 PM
-Would you believe that people used to carry wallets full of coins with them?
-Really? Like those sacks knights used to have, the coins were gold and silver right?
-No they were made of cheap metal.
-And you had to count them every time you paid in a shop? Grandpa you're so old!
-Really? Like those sacks knights used to have, the coins were gold and silver right?
-No they were made of cheap metal.
-And you had to count them every time you paid in a shop? Grandpa you're so old!
December 08, 2013, 09:48:40 PM
Me: "Your not going to believe this but money used to could be counterfeited"
Kids: "What is counterfeited"
Me: "Take for instance this house. Its worth about 1 bitcoin. Now imagine you could copy and paste a bitcoin and pay me for this house with that copied bitcoin. That would be counterfeit money."
Kids: "Whoaaaaaa... that would be crazy if you could make money and not have to do anything."
Me: "It used to happen kids. It used to happen."
Kids: "What is counterfeited"
Me: "Take for instance this house. Its worth about 1 bitcoin. Now imagine you could copy and paste a bitcoin and pay me for this house with that copied bitcoin. That would be counterfeit money."
Kids: "Whoaaaaaa... that would be crazy if you could make money and not have to do anything."
Me: "It used to happen kids. It used to happen."
December 08, 2013, 09:32:54 PM
I will probably ramble on and on to my grandkids about cryptocurrencies and how they work. Then they will proceed to get bored and start ignoring me, as most kids do when old people tell storys they don't understand or care about. But that's ok.
December 08, 2013, 09:12:51 PM
I would tell them there was a time when bitcoin wasn't globally accepted 
*gasps*
*gasps* December 08, 2013, 08:43:41 PM
dont laugh in my day we couldn't buy food with bitcoin! Really, its true.
December 08, 2013, 08:37:29 PM
Skynet failed because the parts from the Chinese factory were all faulty.
All the staff were too busy mining for Bitcoin.
All the staff were too busy mining for Bitcoin.
December 08, 2013, 08:23:28 PM
I don't think I will reach old age...
December 08, 2013, 08:22:31 PM
Son, I built this house with only 1 Bitcoin.
December 08, 2013, 08:19:06 PM
I'm going to tell them that's how they got their inheritance.
December 08, 2013, 08:05:52 PM
I have a t-shirt that says "This shirt valued at 1 Bitcoin"
Grandpa you really owned a whole bitcoin?
Yeah, that's what I am thinking too.
December 08, 2013, 08:04:38 PM
Quote
In your old age what will you tell your grandkids about Bitcoin?
You're welcome.
December 08, 2013, 07:55:05 PM
What if your grandkids are already using bitcoin?
December 08, 2013, 07:48:51 PM
I have a t-shirt that says "This shirt valued at 1 Bitcoin"
Grandpa you really owned a whole bitcoin?
December 08, 2013, 07:38:30 PM
I have a t-shirt that says "This shirt valued at 1 Bitcoin"
December 08, 2013, 07:26:57 PM
"john, let me tell you a time when i was your age, money we used was completely different to what we have now.
you see, money used to be controlled by some arbitrary organizations who call themselves central banks, you have never heard of them because they don't exist anymore..."
you see, money used to be controlled by some arbitrary organizations who call themselves central banks, you have never heard of them because they don't exist anymore..."
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