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Continuing the theme of inheritance from my last post, I'd like to now talk about children. How do you approach teaching your children about Bitcoin? Do you do it? Do your kids face misunderstandings when they try to tell their friends about Bitcoin?
I've recently wondered if my future children will definitely be learning about this topic. Because of this, I think we need to come up with more financial literacy and bitcoin education projects for kids. I know that there are already a number of children's books that talk about what it is and how to use it in a playful way. That's cool.
You might have seen it but there is a cartoon called Tuttle Twins, they did an episode on bitcoin. Quite funny for adults too! Couldn't find the full episode sorry
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here it is: https://www.angel.com/watch/tuttle-twins/episode/de46fca9-d387-47f5-b13f-ff336885518c/season-2/episode-3/bitcoin-and-the-beast This is the best cartoon ever. I had this opinion even before they talked bitcoin.
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I just showed this episode to my kids and they loved it. I also love it. The episode was very well made and had quit a bit of memes / humor that bitcoiners will appreciate. Thank you for sharing this. Also, thank you for putting Tuttle Twins on my radar. I had no idea this cartoon exist and this thing is an absolute gold mine. I will definitely be showing the rest of the Tuttle Twins series to my kids.
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This was great. I was really impressed. The satoshi accent was a bit weird, not sure what they were going for there and they perpetuated the "solving complex math problems" trope but otherwise it was excellent.
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yes this is very good!
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Interesting, I'll take a look!
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There are few videos and books about this topic.
A good way to introduce BTC for them is to give some SATS as a Birthday / Christmas present. And they will be asking more about it in not time...
And, if they want to spend some sats, they will need to learn how to use it.
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We should have more books like this and even colouring books about Bitcoin.
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This book is great for adults as well!
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Great book!
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I'm incredibly laid back. Had a good question the other day, pretty much out of no-where: "What company is behind bitcoin?". The answer seemed to be of interest, I was thanked, and they went out of the room.
I take heart from Aesop's fable of the North Wind competing with the sun. Force and might doesn't work, in fact, it can do the opposite. Gentleness love and time works for me.
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Thanks for the tip on this fable.
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No probs 😁
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I pay my kids allowance and chores in Bitcoin. They save in bitcoin. I have been inculcating my oldest (12) since he around 6 on the perils of fiat money. My youngest (4) just likes bitcoin because she knows I like bitcoin. She will often ask me at night "daddy did you remember to do your bitcoin on the computer today" haha.
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Oh, that's so sweet) I hope that something similar will happen to my future children)
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I get the best results when I don’t lecture the kids and just approach it like you’re shooting the breeze with an old friend. Especially if the kids are young enough that they’re still putting their coins and dollar bills into a piggy bank.
Some angles that have worked for me, in terms of making them curious and starting to ask questions.
“man I wish I had all those paper dollar bills lying around in my piggy bank, then I could go and sell them for some bitcoin” — makes them wonder: “wait, what do you mean ‘sell’ my dollars, I thought spending ‘money’ means you’re ‘buying’ something or ‘being sold to’ …?” Also “what’s bitcoin and why do you want it so bad…?”
“it’s weird how that penny right there is made out of a metal that’s actually worth 2 or 3 pennies. Can you believe we’re not allowed to melt it down??? And if you get caught the government makes you give them 10,000 of those paper dollars...!!” — “wait that doesn’t make any sense, and what’s ‘the government’ …??”
It’s actually pretty fun the more I think about it. Great thread @monotone , thank you for posting
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You're welcome) I didn't do anything special.
I love such detailed answers. Thanks) By the way, it's a good idea to get kids to ask questions by giving them an example. It teaches critical thinking.
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My daughter is 22. She shows absolutely no interest in bitcoin. Neither does her 24 year old boyfriend, even though he's a gamer who's getting into coding. I imagine adoption for this generation will be more through osmosis. Some of the non bitcoin podcasters on Fountain started out not knowing or caring about bitcoin, and now they track and talk about their sat boosts constantly.
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It seems to me that people over 20 are already more difficult in this matter. My question was about younger children) The kind where they absorb any information like sponges. Elementary school students, for example.
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She has no interest probably she has no need for it or do not yet see the need for it. Interest drive adoption, but necessity pushes adoption into overdrive. Give it time, sooner or later, everyone will need to use bitcoin whether they like it or not. However, I would say that your daughter is lucky that she has you to guide her when she does start her bitcoin journey.
I find it interesting though that the parent is more into new tech than his child. Usually it's the other way around. Kudos to you good sir for having an open mind to learn about bitcoin and seeing the importance of bitcoin.
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This is indeed an important topic and I'm not very sure how to address it.
Teaching kids how to use bitcoin and lightning, either online and offline, is fundamental to Bitcoin in the long run. One important concept that they must retain is: Bitcoin is money.
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I agree. That's why I decided to discuss it. I wanted to see real cases of people who teach their children.
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Proof of Work is very important concept.
  • put them to do small tasks and reward them with sats, directly into their wallet. Let them see the numbers and work hard for that.
  • learn by playing. Create specific funny games learning about how bitcoin works, not going too deep into technicalities
  • teach them the history of bitcoin. Is very important to know from where and why Bitcoin came into existence.
  • teach them not just to be own bank but how to THINK like a bank. Teach them finances, managing accounts, managing routes of money etc.
  • let them ask questions, no matter how stupid could sound
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And as always, very detailed answers from you. Thank you for that. What about the last question? Do your kids talk to their friends about this topic, do they try to teach them?
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I have only one daughter that she's 22 now and far away from home studying abroad. I don't really know with who/how she's talking about Bitcoin. I teach her enough, now is time for her to take her own life in own hands.
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Weird coincidence. I have one daughter who turns 22 this week. She rolls her eyes when I talk about bitcoin.
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It should be cool to have a small device with one of those little boards (like the one used as a cheap LNbits wallet or the Nostr signer) so they can plug them and see their sats, like it's their piggy bank. Do you know of any?
If not, I could make one myself :)
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Yes!! My brain had something on it, but I didn't remember I have seen this project...
And I've seen it's a BlackCoffee project :)
I'm giving it a look. Thanks!
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You can spend all day explaining bitcoin to children and people in general, but for the most part the majority of them will simply not take an interest. They need a compelling reason to use it over the default options they have today.
Which is why I created Satlantis (shameless plug incoming)
Satlantis is the best bitcoin video game to date; because it utilizes bitcoin not just for the sake of bitcoin, but because it opens up whole new ways to play. Like the fact that all the revenue that the game generates can now be shared with users via the LN.
Theres a lot more to it, but this one simple feature of sharing profits with players, made possible with bitcoin, is a powerful concept that will continue to onboard nocoiners who would have never stacked sats otherwise
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the revenue that the game generates can now be shared with users via the LN.
Isn't MS going to rough you up for this? psst... check out minetest
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I’ve been thinking about this . My 9 year old son is interested but he calls it ‘crypto’. 😂 I set up my daughter with wallet of Satoshi and she thought the random lightning addresses were hilarious.
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It's a start) The main thing is that they don't lose interest.
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My kids know that their dad is obsessed with Bitcoin but I don’t lecture them.
At dinner one time I had them each set up their own on-chain and Lightning wallets. I sent them a small amount and had them share a portion with each other.
I figure that’s probably well enough for now. When they are self-motivated (or have a need) they will ask questions and I will be overjoyed to teach them more.
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I have been paying my children for chores with Bitcoin for a while. They hold their keys. Still a lot to learn but they are on the path.
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I see that a lot of people here do that.)
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I think hands on learning is the best form of learning. I got 3 kids, 12, 11, and 5. The older 2 have their own on-chain wallet (Nunchuk) and lightning wallet (Breez) that they manage themselves. When I went through the setup with them on their phones, I got them to setup the wallets, send a small amount into the wallets, delete the wallets, and recover them. They understand that the on chain wallet is for savings and the lightning wallet is for spending. They get income from handouts by elders during Chinese New Year (it's a cultural tradition) and also when we take cans and bottles back to the recycling center (we split the money equally between myself and the two older kids). Then they decide how much money they want to save up whenever there is income, and convert the amount to bitcoin. We still live in a fiat world, so they keep a small amount of fiat as spending money.
I'm still custodying the 5-yr-old's coins, but will setup his wallets with him when he turns 8 or 9, depending how technically competent he will be at the time.
Besides getting them hands on with bitcoin, I buy books and toys related to bitcoin. I also talk to them about value, money, and bitcoin whenever they are willing to listen. I try not to make the bitcoin talks sound like a lecture, but just casual talks, and would stop whenever I feel they start to lose interest. I try to answer any questions they have to the best of my abilities and would look it up online together with them if I can't answer their questions.
I find it much easier to start young, because the younger kids are, the more important you are to them, and the more they will actually listen to what you have to say. It doesn't mean I want them to do what I say, but at least they will listen to my words and not automatically tune out once I open my mouth.
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Thank you for your response, yes, I agree with you on many things. I don't have children yet and probably would like to use this approach myself when I do.
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The oldest of my children is 4 years old. She can't interpret digital numbers very well yet, so we use dirty fiat coins. If they want something I subjectively don't like, they have to pay for the item themselves. They get their pocket money in coins so far too.
When their grandparents give them some money, I deposit it in bitcoin and keep the books for them.
As soon as they are interested in using mobile, I would like to switch to bitcoin. With the understanding that I'll be their exchange agent if they need it. It will then be up to them how much of the funds they keep in fiat and how much in bitcoin (bitcoin will be the default choice)
When I have time, I'm considering using a paywall on services like YouTube. For example, I'll buy premium so they don't watch stupid ads, but they'll have to stream sats for every second they watch..
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Interesting, thank you)
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