Why it's always related to inheritance? when everyday you live with your kids and watching them to grow are way more important?
I try to become better everyday, invest my money and make sure I will not face any financial difficulty now or in the future. But inheritance is just a bonus if you have more money to give to your kids, that's not always a thing that every kids' needs.
Topic: Parental Guild on Bitcoin - page 2. (Read 452 times)
Is buying Bitcoin or cryptocurrency good for Kids?
Yes because bitcoin is for everyone, it is made for both young and old ones, a child can have it as an inheritance from his parents when they Invested on it and hold to a certain time they feels the child could take hold of the currency.
How do you teach a kid to secure Bitcoin incase you are not there?
Use any means to make sure they understand it, this also has to go with their own decisions as well on wether to accept bitcoin adoption or not after you might have helped in getting them exposed to it.
Should authorities or agencies place age restriction on owning Bitcoin?
No, and even if they wish, they can't because it's a decentralized digital currency that uses p2p network on blockchain.
Parental Guild on Bitcoin
Few Questions I will like to get you own input on
Is buying Bitcoin or cryptocurrency good for Kids?
How do you teach a kid to secure Bitcoin incase you are not there?
Should authorities or agencies place age restriction on owning Bitcoin?
I will appreciate you immerse contribution to this discussion.
consider buying and keeping them safe for a while and then try teaching them little by little about bitcoin and how this
can help them in the future.
Kids should learn this but of course about what their little brain can absorb first.
putting age restriction to own bitcoin is sounds stupid to me , what is the sense of
Decentralization and anonymity when the government may put restrictions? i don't think that is necessary .
Is buying Bitcoin or cryptocurrency good for Kids?
There is no age restriction to buying of bitcoin, so buying for kids is no problem, just like saving your money in bank for kids for future purpose. As it is a monetary value, there shouldn’t be age restriction to the ones owning it.
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How do you teach a kid to secure Bitcoin incase you are not there?
I will first teach them the basic security of privacy and safety, safeguarding their seed phrase should be the optimus priority they should know. They have to get to a certain age before I will release the seed phrase to them, so that they’ll be knowledgeable enough to know the implications of letting that secret seed phrase out.
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Should authorities or agencies place age restriction on owning Bitcoin?
No, they shouldn’t be age restrictions as they’re none when saving money in the bank. If the kids know the implication of owning bitcoin or the parents buying it for them also knows the implication, then no restrictions should be placed on them.
Is buying Bitcoin or cryptocurrency good for Kids?
It's a good thing, bitcoin is an investment and you are supposed to put some money for your kids and what better way for them to have a savings than having their own bitcoin, the way that bitcoin appreciates is something that any parents should look out for in terms of creating a savings for their kids. @LoyceV got a donation link for his kids in his other account if I recall so the only caveat is that the kids don't have to handle bitcoin right now when they're young.How do you teach a kid to secure Bitcoin incase you are not there?
I don't think that it's something that they have to worry about to be honest, I feel like bitcoin security or even the introduction to it should be around the time that they can independently navigate computers, a little here and there lessons in cyber safety could go a long way but putting them straight up when they should be playing or doing kid stuff.Should authorities or agencies place age restriction on owning Bitcoin?
If it's me, it's not the right thing to do but we can see why they want to put some restrictions, it involves money after all and it also helps that there's no way that an incident where a kid accidentally trades or gives away bitcoins if there are restrictions. 
It's really hard to make such a guide for them to understand the concept of bitcoins and financial freedom because they are focused on some things that have more benefits to them when they are still young. I think when they can distinguish the things they want and need, this information will be helpful to them if ever some people will create such things in the future because other kids are also mature when it comes to knowledge and they want to acquire it as soon as they know about it or heard about it from their families or friends.
Those of us who work on Bitcoin have acquired knowledge about Bitcoin through someone or the other. Some may have learned it from their family, some may have learned it through their friends, and so on. Now again there are various youtube ideas about Bitcoin. But as Bitcoin parents we can teach our children Bitcoin. Because the popularity of Bitcoin is increasing day by day, the demand for Bitcoin is also increasing. So we can do this as parents. We can teach our children or close relatives about this work.
When I saw the topic, was wondering how many parents have actually guided their children, mostly the one i know that occurs frequently is that of friends introducing bitcoin to their friends and they like to carry their friends along, and from their they start learning some things on their own since the internet holds a lot of information in it. Because a lot of people will pick interest the little they have learned. But a lot of parent still don't want the idea of bitcoin just that they don't have the power to stop it and all this is because they don't have knowledge on it of not bitcoin is interesting very interesting. 
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If a child can operate an android device properly, play video game, use communication gadget, use different computerize device etc. why will I not introduce them gradually to Bitcoin. Digital currency is the future and should I not be responsible enough to start channeling them gradually to that direction. I don't agree completely that kid cognitive processes lack awareness, consciousness, and the ability to maintain a sequence of thoughts in their minds. Note: It is in record that Tiger Woods turn Professional Golfer at 20 but was expose to golf at child hood.
But don't forget those require less responsibility. For example, if you forget password of social media, you could just ask to reset password. But Bitcoin require higher degree of responsibility and there's no "undo button" when you make mistake.
Is buying Bitcoin or cryptocurrency good for Kids?
Yes, assuming they're being responsible with fiat money and aware of risks of owning cryptocurrency (primarily unstable price).
Should authorities or agencies place age restriction on owning Bitcoin?
No, especially because kid is legally allowed to own money and even have opening bank account (usually with some supervision or feature limitation)
Few Questions I will like to get you own input on
Is buying Bitcoin or cryptocurrency good for Kids?
How do you teach a kid to secure Bitcoin incase you are not there?
Should authorities or agencies place age restriction on owning Bitcoin?
I will appreciate you immerse contribution to this discussion.
Similar to the way the OP is looking at the Bitcoin problem as the cause of all problems, this is also pointing the blame in one direction, seeking support for bitcoin. Please understand that the problem appears to have been created by humans. With bitcoin, let's be more realistic about how it has developed and is developing?, how it affects your life?... I think you can find some issues not worth considering, and don't try to talk to the next generation about the future, let things happen naturally, because this life has many other issues that we need to learn about, and the cryptocurrency field, personally, I need enough basic foundations for understanding life before analyzing it further. Returning to the topic, I consider the issue of human responsibility and ethics to be promoted at all ages, before talking about tools, fields, etc. in life so that we can adapt to them. Is buying Bitcoin or cryptocurrency good for Kids?
How do you teach a kid to secure Bitcoin incase you are not there?
Should authorities or agencies place age restriction on owning Bitcoin?
I will appreciate you immerse contribution to this discussion.
Is buying Bitcoin or cryptocurrency good for Kids?
How do you teach a kid to secure Bitcoin incase you are not there?
Should authorities or agencies place age restriction on owning Bitcoin?
Regardless of whether it is good or not, children usually don't care much about investing, so there is no urgency to allow children to buy bitcoin. Apart from that, the 18 year limit is good enough.
I think it is very important to limit bitcoin purchases because bitcoin has high risks. This limit is implemented so that people who buy Bitcoin are considered adults and can be responsible for their decisions. Usually the government sets a limit of between 17 or 18 years
Is buying Bitcoin or cryptocurrency good for Kids?
How do you teach a kid to secure Bitcoin incase you are not there?
Should authorities or agencies place age restriction on owning Bitcoin?
I will appreciate you immerse contribution to this discussion.
Is buying Bitcoin or cryptocurrency good for Kids?
How do you teach a kid to secure Bitcoin incase you are not there?
Should authorities or agencies place age restriction on owning Bitcoin?
Regardless of whether it is good or not, children usually don't care much about investing, so there is no urgency to allow children to buy bitcoin. Apart from that, the 18 year limit is good enough.
I think it is very important to limit bitcoin purchases because bitcoin has high risks. This limit is implemented so that people who buy Bitcoin are considered adults and can be responsible for their decisions. Usually the government sets a limit of between 17 or 18 years
Those of us who work on Bitcoin have acquired knowledge about Bitcoin through someone or the other. Some may have learned it from their family, some may have learned it through their friends, and so on. Now again there are various youtube ideas about Bitcoin. But as Bitcoin parents we can teach our children Bitcoin. Because the popularity of Bitcoin is increasing day by day, the demand for Bitcoin is also increasing. So we can do this as parents. We can teach our children or close relatives about this work.
Bitcoin is a type of currency, and children should learn to manage money. Of course, it would be extremely unwise to give a child access to big amounts of money, and in an event of loss of that money, I think the blame should be on the parent.
But making a fresh Electrum wallet for a child, teaching a child (a young teenager, I'd say) to store a passphrase, to send money and generate a Bitcoin address is a good idea. There shouldn't be any significant money there in case a child makes a mistake and the money's gone, but I don't see harm in, say, $10 being there, under the kid's control. As for centralized exchanges, I believe they're 18+ to not dive into the differences of legislation in different countries.
In a normal circumstances we have to teach our children cryptocurrency especially bitcoin and teaching your children bitcoin, it should be the ones that have passion on bitcoin, its nice that we are not supposed to force our kids to learn bitcoin, from my own perspective it's unwise from my understanding.But making a fresh Electrum wallet for a child, teaching a child (a young teenager, I'd say) to store a passphrase, to send money and generate a Bitcoin address is a good idea. There shouldn't be any significant money there in case a child makes a mistake and the money's gone, but I don't see harm in, say, $10 being there, under the kid's control. As for centralized exchanges, I believe they're 18+ to not dive into the differences of legislation in different countries.
Even though your children agree to learn bitcoin I think their is some certain secrets in bitcoin savings that we are to supposed to share with our children we are teaching bitcoin because of security purposes, like now I want us to know that wallet should be the most important thing we should teach our children and from my knowledge and understanding, we are not supposed to let our child to know a our seed phrase or a seed phrase that contains the wallet he or her bitcoin is, because of security purposes, teach them the difference between centralization and decentralization of bitcoin properly to comprehend.
There's a possibility that a kid can learn on how this market works.
Because there are really intelligent kids who can understand complex ideas and transactions.
Just like most adults who are into crypto, we also learn from scratch and so are kids.
Sometimes they are easy to teach as they have curious minds and they are more patient in learning.
Is buying Bitcoin or cryptocurrency good for Kids?
Remember that Bitcoin wants everyone to be their own bank. Should kids be their own bank? Even many adults don't have what it takes to be one.
How do you teach a kid to secure Bitcoin incase you are not there?
I would never trust a child with a Bitcoin wallet, there's so many things that can go wrong - they could send it to scammers or buy something illegal with it, they could download malware on their device and lose the coins to it and so on. It's hard to teach proper security even to an adult, it's much harder with children who have no life experience.
Should authorities or agencies place age restriction on owning Bitcoin?
It would be impossible to enforce, but they probably shouldn't allow regulated entities to sell Bitcoin to children up to a certain age, maybe 14 y.o.
Bitcoin is a type of currency, and children should learn to manage money. Of course, it would be extremely unwise to give a child access to big amounts of money, and in an event of loss of that money, I think the blame should be on the parent.
But making a fresh Electrum wallet for a child, teaching a child (a young teenager, I'd say) to store a passphrase, to send money and generate a Bitcoin address is a good idea. There shouldn't be any significant money there in case a child makes a mistake and the money's gone, but I don't see harm in, say, $10 being there, under the kid's control. As for centralized exchanges, I believe they're 18+ to not dive into the differences of legislation in different countries.
In a normal circumstances we have to teach our children cryptocurrency especially bitcoin and teaching your children bitcoin, it should be the ones that have passion on bitcoin, its nice that we are not supposed to force our kids to learn bitcoin, from my own perspective it's unwise from my understanding.But making a fresh Electrum wallet for a child, teaching a child (a young teenager, I'd say) to store a passphrase, to send money and generate a Bitcoin address is a good idea. There shouldn't be any significant money there in case a child makes a mistake and the money's gone, but I don't see harm in, say, $10 being there, under the kid's control. As for centralized exchanges, I believe they're 18+ to not dive into the differences of legislation in different countries.
Even though your children agree to learn bitcoin I think their is some certain secrets in bitcoin savings that we are to supposed to share with our children we are teaching bitcoin because of security purposes, like now I want us to know that wallet should be the most important thing we should teach our children and from my knowledge and understanding, we are not supposed to let our child to know a our seed phrase or a seed phrase that contains the wallet he or her bitcoin is, because of security purposes, teach them the difference between centralization and decentralization of bitcoin properly to comprehend.
Bitcoin is a type of currency, and children should learn to manage money. Of course, it would be extremely unwise to give a child access to big amounts of money, and in an event of loss of that money, I think the blame should be on the parent.
But making a fresh Electrum wallet for a child, teaching a child (a young teenager, I'd say) to store a passphrase, to send money and generate a Bitcoin address is a good idea. There shouldn't be any significant money there in case a child makes a mistake and the money's gone, but I don't see harm in, say, $10 being there, under the kid's control. As for centralized exchanges, I believe they're 18+ to not dive into the differences of legislation in different countries.
The idea is to tech the young ones about this industry at an early age however, we should take appropriateness be considered in these instances. Bitcoin and this industry are profitable and advantageous however if the child still has not that much of interest then never pushed them to something they do not prefer 'coz it could result to confusion and fade of interest in some instances.With age restriction, as long as the child knows what he is doing. I'd say things do take time to all of us. Guide as well is different from mandating the younger generation to walk on the roads they talked. Sometimes we are just getting too hype.But making a fresh Electrum wallet for a child, teaching a child (a young teenager, I'd say) to store a passphrase, to send money and generate a Bitcoin address is a good idea. There shouldn't be any significant money there in case a child makes a mistake and the money's gone, but I don't see harm in, say, $10 being there, under the kid's control. As for centralized exchanges, I believe they're 18+ to not dive into the differences of legislation in different countries.
However, everything about bitcoin has its perfect timing, when to be taught, when to be taken risk, and when to reap the profits in it. Parents guidance is a must, otherwise all these things will be absorb incorrectly by our kids, losing the opportunity to see the bright future that bitcoin could bring.
Is buying Bitcoin or cryptocurrency good for Kids?
i think teaching them a healthy approach and relationship with money is good whether that’s fiat or cryptocurrency
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How do you teach a kid to secure Bitcoin incase you are not there?
start by teaching them the importance of money and being secured financially but do not pressure them too much as they might lose interest if given too much pressure
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Should authorities or agencies place age restriction on owning Bitcoin?
cex have kyc so they definitely have age restrictions already but i don’t think there should be age restriction in btc anyone could start investing at any age so it seems unfair to have age restriction
Few Questions I will like to get you own input on
Is buying Bitcoin or cryptocurrency good for Kids?
Buy crypto for your kids. I think thats better. The crypto scene is somehow complicated even to newbies so better stick to something more kid-friendly for now.
How do you teach a kid to secure Bitcoin incase you are not there?
Should authorities or agencies place age restriction on owning Bitcoin?
I dont think this is necessary since bitcoin is decentralized so its not controlled by any central authority or government. But maybe discussions about age restrictions usually focus on exchanges and platforms where individuals can buy or trade Bitcoin, which might involve centralized entities adhering to regulationsThat needs a guardian or a parent first to guide their children especially young minds if they already own bitcoin. .
Parental Guild on Bitcoin
I have observe that there is no parental guide to buying and selling of Bitcoin. However, some central exchangers do put age restriction if you want to buy/sell digital currencies and some do not see the need to do so.
This is not to be considered the moment a user is trying to buy or sell bitcoin, right from the point of making registration they would have taken any control measures if they are that concerned about age limit, also, i don't think making such consideration is going to be the exchange profitable decision because they will want everyone to have a means of using their platform for both sell or buy as long as they were ok with their KYC verification procedures.
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