Teaching Them While They Are Young
It's never too early to begin teaching children about Bitcoin. The earlier they learn, the more free they will be. This guide will walk through how to teach them to stack sats, how to keep their wallet keys safe and how to choose the best Bitcoin wallet, both for Lightning and on-chain.
Encourage the kids to think about stacking sats like saving coins in a piggy bank-they can always start small. Use real-life examples, such as saving their allowance or doing chores for Bitcoin.
Choosing the Right Wallet
Choosing the right wallet is a big part of securely managing bitcoin. Here's how to choose the best Bitcoin-only wallets for kids, covering both Lightning and on-chain options.
  1. On-Chain Wallets
Key Features to Look For:
  • User-Friendly Design: It should be basic and easy for kids to use.
  • Private Key Control: The wallet must grant the user control over private keys, hence making ownership better.
  1. Lightning Wallets
Key Things to Remember:
  • Instant Transactions: Show him how quick it has become to have transactions using Lightning; thus, can easily be used for daily small payments.
  • Low Fees: Explain how having minimal fees on most of the transactions allows it for daily use.
Wallet Key Safety
Security plays an important role in handling Bitcoin. The following practices can be taught to children:
  1. Understanding of Private Keys
Explain to them that a private key is like the password for their Bitcoin wallet. If it gets lost, the money will not be recovered. Explain it using simple analogies; for example, telling them it's like a key for a treasure chest.
  1. Backup Procedure
You will want to show them how to back up their wallet- this can be in the form of recovery phrases written down, kept in a safe place. Allow them to be more creative with making their own "treasure map" for the backup.
  1. Regular Software Updates
Teach the kids how important it is to update their wallet software by showing them it protects against vulnerabilities. They update games or apps on their device; similarly, updates of wallets keep their Bitcoin secure .
How to Buy Bitcoin
Help them learn how to buy Bitcoin with some easy and safe ways to explain, such as:
  1. Choosing an Exchange
Select exchanges that have a good reputation for privacy and security, and are very user-friendly. Non-KYC methods like Azteco go over well with beginners. Show them how to create an account and safely verify their identity.
  1. Making Small Purchases
Start with small amounts and show them they can buy fractions of Bitcoin. This reduces risk and allows them to understand how the market functions without having any huge financial implications.
  1. Peer-to-Peer Transactions
You can talk to them about peer-to-peer sites, such as Robosats and Mostro, where they can buy Bitcoin directly from other people. This might be an exciting way of showing them how bartering works, but also make sure you let them know that they should only do business with people that they know well.
Conclusion
Teaching children about Bitcoin at a young age provides the foundational basis for good individual sovereignty. Introduce them to concepts such as stacking sats, choosing good wallets, and knowing how to buy Bitcoin, and in that way, we can set up the next generation with confidence in the open community.
Very good article. I completely agree. The younger, they are, the early they gonna adopt it.
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Thanks! It's a wonderful article. It's la necessity now otherwise today's kiddos will find themselves in great trouble because of fiat ship sinking further. So, I also request parents to be the freedom teacher of their kids.
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Nice thread but do you mind adding links
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Links were omitted. But would be great. Thank you @Radentor for this link
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deleted by author
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I have to add this famous quote from Andrea Antonopoulos
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Amazing! This is a must watch for every parent.
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"Get them young!"
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Thank you very much for this resource, it is very valuable, I totally agree that we have to teach our children about Bitcoin, of course we have to teach them about what is the only thing that will make them truly free, another tactic that I am personally using with my youngest daughter is to measure in SATS, when she wants to buy something or save for something we set the goal in SATS, recently she wanted her mother to buy her a new barbie doll, it costs around $40 or approximately 65,000 SATS at the time of talking about it. When I did the numbers, she got sad because she told me dad there are too many SATS. -I told her: Calm down, that's the magic of SATS, since they are the best hard money, you set your goal today and in the process the SATS become stronger and then later to achieve our goal we need less SATS- she looked at me somewhat confused, thought about it for a second and then said -what are you telling me dad, that my sats grow and get bigger? Because you told me that they get stronger- hahhaha 😅 that was fun to hear, I finally concluded that she is still too young to go deeper into the subject, but I am happy and content. That she is paying attention to what I tell her and that little by little she is forming her vision about the power of SATS.
Another fact is that I like coins so I have some coins saved from various countries, Chile, Dominican Republic, Ecuador, Canada, USA, Peru, Venezuela, Colombia. Some from when I visited some of those countries and others that I have found, the truth is that we were looking at the coins and she asked me. -Dad, if we go to Chile, you can pay with your Chilean coins that you have there right?- and then I answered -Of course daughter, although those coins are for collection they are surely worth very little or nothing, besides the coins of the countries are bad because you can only use them in that country and then they don't accept that same currency anywhere else. Except for the dollar, which is the currency for payments worldwide, and that's not good, but there is a currency that is the best in the world because wherever you go you can use it and without loss, excuse me- her face was one of doubt or confusion, she looked at me fixedly. And then at that moment I felt super mega proud of my little baby because it shows and shows that she listens to my talks with her mother about Bitcoin and the things that happen in the world. Then she answers -Maybe 🤔 it's Los Satochitos dad- and I told her excellent, correct answer, and obviously I congratulated her because she is a very intelligent and attentive girl. We did our special give me 5 🖐️ greeting and I felt as happy as when bitcoin left the 25k zone months ago 😁
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Bitcoin is rooted in blockchain technology, which is increasingly relevant. Understanding this can help children grasp future tech trends and innovations. i believe its never too early to learn
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Links were unfortunately omitted. But would be great. Thank you @Radentor for this link
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This is great. Thank you for putting this piece together.
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Teach everyone about bitcoin. So everyone can prosper.
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