We could position Bitcoin as a currency for Kids

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legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: Zendy on October 09, 2014, 03:50:41 AM

i dont really agree with this idea
the price of bitcoin varies from time to time.

No, that's the good part. The kids that end up with half of their allowance because of a price drop will learn a valuable lesson about saving money for the future.

Zendy

newbie

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i dont really agree with this idea
the price of bitcoin varies from time to time.

BrunesBTC45

member

Activity: 103

Merit: 10

Lol..

So dollar is a little bit confusing for kids that is why you decide to make use of btc

Jerome?

member

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Quote from: greeneye222 on September 25, 2014, 02:56:45 AM

Are you serious about this? Shocked

Kids couldnt even read.. and you will give them currency? Come on..

greeneye222

newbie

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Are you serious about this? Shocked

BIT-Sharon

sr. member

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Quote from: asperous on September 14, 2014, 12:47:57 AM

Hear me out, it's just an idea... (continuation from this)

Inspiration: https://usbank.visabuxx.com/

Kids i.e. ~13-18 year olds. Old enough to want to spend money online, too young for their own credit card.

Some parents want to give their kids a way to spend a small amount of money online without giving them a credit card or debit card. Bitcoin is:

completely anonymous (read: safe)
has strict spending limits (can't spend more then you have)
has no monthly fees
is accepted at (some) online merchandisers (parents might like the idea that it's limited).

Kids can spend money securely through a program on their computer (maybe a dumbed down version of electrum).

Kids can buy the latest humble bundle for example without having to ask their parents.

It makes since that you have to convert money into kid money. It doesn't make since (for the average person) to buy bitcoins to shop at newegg. You could have just used your credit card and skipped a step and saved time.

I know this might propigate a bad image for Bitcoin (i.e. it's kid money) but I don't think that would kill it.

-> Remember kids grow up. <-

Electric coins would be a trent in the future. It is not bad for kids to learn a new currency in their early times. After all, Bitcoin is based on computer system, the calculation itself refers to many knowledge. Besides, the payment by Bitcoin is safe and convenient.

w4ssop

newbie

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The idea is really smart, this could help to spread the word about bitcoin and give more trust among the people.

counter

hero member

Activity: 798

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Time is on our side, yes it is!

It is a great idea especially if we get the kids things to spend their coins on something mainstream like video games or toys. Then their parents would be interested to learn more about Bitcoin. This is something that could really get Bitcoin on the map! If parents are paying attention to the benefits of Bitcoin and not all the negatives they may want to try Bitcoin themselves But at least the discussion is being had which is plus.

Kids showing an interests in money and saving it isn't so bad I'd say, no to mention learning about a technology that could have a beneficial impact on their future. I guess the best thing would be make more outlets to learn about Bitcoin without the adult discussions that take place around it.

Hox

sr. member

Activity: 761

Merit: 299

Quote from: money420weed on September 16, 2014, 12:14:27 AM

Kids are traditionally somewhat careless with their money and with their privacy. This could easily result in them loosing their money

This is probably one of the biggest issues right now that I see with this idea. I can only imagine how many young kids would lose their BTC to malware they got off torrents/porn sites. Once we have cheap hardware wallets/easy multi-sig options this idea could work.

money420weed

member

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Merit: 10

Quote from: asperous on September 14, 2014, 01:55:48 PM

Quote from: Unkle on September 14, 2014, 01:50:37 PM

Would have to be pretty smart kids. I don't think we should force it on them and debit cards would be safer until they understand the technology.

That's true that some kids might think it's pretty lame (like a debit card but worse). They would have to want it before it rather than it being forced on them.

Do you think that users of Bitcoin should have to understand the technology to use it?

They should understand it to a point that they are able to keep their money safe. Kids are traditionally somewhat careless with their money and with their privacy. This could easily result in them loosing their money

riiiiising

full member

Activity: 336

Merit: 100

kids can buy a small amount (like $50) and learn about investing. good idea!

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Are there any 13-18 year old kids that aren't already members of this forum? Just have 90% of the forum membership ask their parents for some money to buy Bitcoin.

Ektra

full member

Activity: 137

Merit: 106

Quote from: grumpyoldtroll on September 15, 2014, 10:07:33 PM

Parents are overly protective when it comes to their kids. Every new things needs to be scrutinized inside out. Not possible.

Circumventing parental control is precisely what makes it attractive to kids and teens IMO. With that said, fair point that it may not look good for the PR of our community to be seen actively promoting this.

grumpyoldtroll

newbie

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Parents are overly protective when it comes to their kids. Every new things needs to be scrutinized inside out. Not possible.

giveBTCpls

sr. member

Activity: 322

Merit: 250

Quote from: ?? on ??

Quote from: asperous on September 14, 2014, 12:47:57 AM

Hear me out, it's just an idea... (continuation from this)

Inspiration: https://usbank.visabuxx.com/

Kids i.e. ~13-18 year olds. Old enough to want to spend money online, too young for their own credit card.

Some parents want to give their kids a way to spend a small amount of money online without giving them a credit card or debit card. Bitcoin is:

completely anonymous (read: safe)
has strict spending limits (can't spend more then you have)
has no monthly fees

is accepted at (some) online merchandisers (parents might like the idea that it's limited).[/b]
Kids can spend money securely through a program on their computer (maybe a dumbed down version of electrum).

Kids can buy the latest humble bundle for example without having to ask their parents.

It makes since that you have to convert money into kid money. It doesn't make since (for the average person) to buy bitcoins to shop at newegg. You could have just used your credit card and skipped a step and saved time.

I know this might propigate a bad image for Bitcoin (i.e. it's kid money) but I don't think that would kill it.

-> Remember kids grow up. <-

Sure,

That list being what exactly?

-Porn
-Guns
-Silkroad (whatever current version)
-Drugs
-BTC Mining Equipment
-Their favorite terrorist organization

Maybe I am wrong but I do not think too many parents not deeply immersed in crypto have a high opinion of it, that being if they've heard of it in the first place.

~BCX~

Every kid and their brother is watching HD 1080p porn on their smartphones for free these days, the rest can be bought with CASH already. Lol@you.

francisp

newbie

Activity: 24

Merit: 0

I don't think we have to market it as a currency for kids, but I do think the ability of kids to use it online is an advantage of bitcoin.

My 11yo son has a little bitcoin (I paid him for a chore in it, and then he bought a little from me). I have taught him the basics of securing it (just like I did with cash). I would love it if he could buy things online with it, but right now there is little for sale online for bitcoin that he is interested in.

Regarding the child-unfriendly nature of some things online available for bitcoin, that is part of my job as a parent. I don't let him buy that stuff with cash, or with bitcoin. It would be silly to make out bitcoin as the problem.

asperous

newbie

Activity: 17

Merit: 1

Quote from: Lethn on September 14, 2014, 06:22:19 PM

Do that and we'll have headlines "Children gamble away their life savings in Bitcoin"

The point would be to not give children their entire life savings as Bitcoin. Just a small amount to learn how to use money. Also I'm not a parent but it seems to me that if my hypothetical child gambled away 5$ at Satoshi dice and came to me about it I would use this as a learning opportunity. Yet this is just my opinion, it's also possible this experience could cause a lot of problems with the youth later on. That's Australia's political stance anyway: nogame.sa.gov.au

And yeah, I read the other commentators and I agree that it would be better for kids to want Bitcoins then for parents to just give it to them. Although marketing things to kids always feels wrong to me, maybe as other people said their interest in it might come about naturally.

Lethn

legendary

Activity: 1540

Merit: 1000

Do that and we'll have headlines "Children gamble away their life savings in Bitcoin" all over the fucking place, no, I'm all for kids using it, but they have to use it because they want to, not because they were tricked into it by adults, the good news is regardless of what anyone has to say, chances are children are going to adopt things like Bitcoin really quickly, especially if they can do it anonymously they've done it with all sorts of technology without their parents knowledge before.

How do I know this? Because I learned all kinds of shit without my parents even knowing about it when I was young and I bet you lot did to.

oceans

sr. member

Activity: 406

Merit: 250

I can see how this would work to be honest however I do feel that with everything that is available for the use of bitcoin such as gambling, porn, drugs and such it would have to be locked down in a way that youngsters could not get access these places easily. Parents would first need to to fully aware of what bitcoin is as well to avoid any problems.

Ektra

full member

Activity: 137

Merit: 106

As a teen I had an online savings account long before I had any cards for spending online. Using something like localbitcoins I could have bought BTC via transfer no problem or perhaps cash and there you go. I can say that bitcoin would have been very attractive to me at the time, for sure.

Topic: We could position Bitcoin as a currency for Kids (Read 2459 times)