The cryptic winter has arrived. This is a difficult time where prices are falling, but it is the best time to build and learn. For some Bitcoiners, the bear market is a time to plant trees or create memes. For those with children, this is a welcome break used to expand the minds of Bitcoin (BTC) minors.
Cointelegraph spoke to the authors of popular Bitcoin-related games and educational tools to understand why it’s important to teach kids about audio money and some of the best ways to do it.
SHAmory, a collection of SHA-256 (Bitcoin Encryption) and memory, is one of the best-selling Bitcoin games. Author Scott Sibley, intended for children aged four and older, said he had “his toddler in mind when making both the game and the book”.
Sibley and his wife thought too Good night Bitcoin, part of a growing bookshelf of Bitcoin-related books. Sibley, a passionate teacher, told the Cointelegraph that it was important to break money taboos and educate kids about finances:
“Financial education, especially financial education that includes Bitcoin, is something that kids will not get in most ‘traditional’ schools. So now it’s up to bitcoin parents to find ways to weave that education into their home.
Sibley suggested that kids see, interact with and know something as simple as the “Bitcoin logo” or even “play our game and then ask how Bitcoin mining works,” is key to long-term adoption. In addition, the Gen-Z – Zoomer generation has taken the initiative to understand intangible digital products: “Trading in Bitcoin will be no different than buying a new skin or board in a video game they are playing right now.”
Will Reeves, co-founder of the Fold App – Bitcoin Rewards Debit Card – co-founded the Bitcoin game Bitopoly. Reeves told the Cointelegraph that “the first version of Bitopoly came out of a dinner table as we tried to teach friends and family members about Bitcoin. He said:
“Games give people a great way to understand a complex concept by ‘experiencing’ it rather than ‘teaching’ it. People have always used games to play this role over the years and helped people to understand their own premises.
Like Sibley, Reeves explained that the best thing for Bitcoin adoption was to teach children, especially since they have no “preconceived notions”.
“Kids do not approach Bitcoin with preconceived notions all their lives, so they can understand it faster and with less variety against their own bias,” he said.
Bitcoin is really just a game.
We made a game about the game to get people to play the real game. It’s called Bitopoly.
Ship key attacks, margin calls, mining, boating and proof of keys – it has it all. Only the first 500 editions are available at https://t.co/L1mzWk2mqC image.twitter.com/xO5jZ4w4qu
– will reeves (@wlrvs) May 26, 2021
In comments that may be true for adult readers, Reeves said that Bitcoin was a difficult process to “unlearn” his previous thoughts and understanding of what money is.
MTC, founder of Sats Ledger, told the Cointelegraph, “I wanted to share Robert Breedlove and other Bitcoiners,” with his young family. As a Bitcoin influencer and freedom activist, he knows that, realistically, no five-year-old would sit through an hour-long Breedlove podcast that is poetic about healthy money, liberal principles, and the evolution of the tax system.
MTC thought of his own childhood, where he “really liked saving.” He remembered the savings bank books he filled with diligence and watched his wealth grow. Combine that with the fact that “kids do not like to be cheated out of things and” mine “is one of the first concepts a kid understands,” and Sats Ledger was born.
MTC said Sats Ledger was a fun, physical savings book for kids to record their Satoshi savings, money that “no one can take from them”.
With Sats Ledger, kids get a handle on Bitcoin and money – learn how to HODL using the low-end selection. MTC told the Cointelegraph: “If you can encourage kids to see their savings grow then it puts them on a path to understanding solid money and Bitcoin.”
Another childhood savior, Pigtoshi Nakamoto, brought a Bitcoin twist to the child’s first savings tool – the piggy bank. BitPiggy works with OpenDime, a Bitcoin USB stick that allows people to delete Bitcoin-like dollar bills, to teach kids how to save some or all of their money in Bitcoin.
Pigtoshi told the Cointelegraph, “I realized early on that if I saved early in life, things would get easier later in life. Especially when you are young. That’s when you’re young, that’s when you can move on. ”They have since partnered with Sibley from SHAmory, so more toys and games could be on the horizon.
In the UK, Bitcoiner Coach Carbon has taken “beautifully played” football and combined it with the invention of Satoshi Nakamoto. Coach Carbon founded the Bitcoin Ballers Academy, a life and health coach – and lifelong football fan – where kids work to combine “proof of work, personal responsibility and fighting FUD on a football trip,” he told Cointelegraph.
Bitcoin Ballers football drills include a “51% attack”; For Coach Carbon, it’s not just about promoting Bitcoin:
“The point is to find out ‘what is money?’ This is not just currency, it’s time, it’s value and it’s energy. This question is not asked enough and if it is not talked about in schools then where are people going to learn it? “
Basically, given that the Bitcoin network is hardly a teenager – only two countries out of a possible 195 have formally adopted Bitcoin – and the global adoption rate is less than 1%, “hyper-Bitcoinization” (when Bitcoin becomes a global value), is a distant prospect . As the teachers explained, exposure to Bitcoin from an early age is another small step in that direction.
Related: Is education the key to curbing the rise of high-API scams?
In addition, the unexpected consequence of educating children about healthy money is the knock-on effect it has on parents. Reeves concluded that “teaching children about Bitcoin is one of the most effective ways to speed up the adoption of Bitcoin.
But for Sibley, games, books, and educational tools are “stealth to starve people,” especially parents.
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