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Chase

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Kids and Bitcoin: The future is here
« on: August 10, 2015, 07:51:29 PM »

This is a great article and well worth reading.  I think people will be surprised at how quickly kids will pick up on this (probably because of various computer games).


Kids and Bitcoin: The future is here

"It’s never too early to teach children about Bitcoin. Parents everywhere are teaching their youth about digital currencies. When kids are learning math, code and consensus, the financial system of the past has something to worry about."

My children are two and six and they both know Bitcoin quite well. My youngest can say many of the terminologies involved with the virtual currency, while my six-year-old can understand it even more. Discussions on the topic of Bitcoin are a regular occurrence in our household. Discussions ranging from understanding what a cryptocurrency is, to its scarcity and digital storage. My children have a further grasp on the subject than most adults. Of course, like learning any foreign language, being younger always helps.

With games like Minecraft, Counter Strike and Spells of Genesis all now accepting digital currencies, it’s no wonder kids are hearing about Bitcoin. Their favorite games contain the use of exchanging digital currency for special achievements, weapons and skins for their customized gaming experience.

You can’t slip a dollar bill through the Xbox console, children understand this. An online token of value is needed to acquire the certain objectives the players want in the game and Bitcoin is the natural choice. With Microsoft and Xbox Live accepting BTC as payment, now children from all over the world can participate in this economy in their own way.

Children are eager to learn and do this faster than adults. A child is more open to certain concepts when they are not flooded with beliefs and bias. Understanding Bitcoin is no different as lots of children are quickly learning how to send and receive the currency.

But what are they learning actually?

Well, they are learning how to keep strong passwords and addresses safe from the public eye. Learning to manage their virtual assets online like they manage their skins and mods. Children are learning the speed and fluid action of Bitcoin and how they can receive gratification to their online experience instantly. They discover how to operate and transact with value and be responsible with it from a young age. One of the most important aspects is it provides kids with a sense of independence.

Bitcoin gives us all sovereignty and independence. From young children to the elderly, we can all benefit from the use of the digital currency.

Important aspects that are known to both adults and kids are the three core attributes of the protocol: these are decentralization, open source code, and peer-to-peer applications. Children are more apt to pick up these fundamentals from an early age. These three concepts are now defaults in most of the up and coming online applications, with the youth at the helm of all its design.

Children like decentralization and not being tethered to a central authority. We all know what it’s like or have seen how independent kids can be. Bitcoin is a great application for kids to understand that there is no authority to the application. No boss or parent figure telling the network what to do. This may be appealing to children who see their parents’ money buy less and get taxed through centralization.

With the inflation of fiat currency, adults unknowingly must purchase less goods for their kids because the current currency is devalued. With taxation from a central authority point, the youth see their parents hard earned wealth dissipate to certain forced entities. What children in this world actually like to have less buying power? When parents are unable to afford things this may create conflicts between children and adults. Scarcity and saving incentives offered by Bitcoin give the cryptocurrency an edge over its fiat competitor.

Open source code and opening data globally is becoming widely known for its great incentives. Children are becoming aware and quickly learning educational techniques from open source information. In this age they can simply go online to learn their favorite video game move or learn how to code their own.

Being able to access code, data, and analyzed research is helpful to everyone. Children see this and are expanding this social network of learning exponentially. Seeing a currency’s code that can be worked on and democratically updated is appealing to the youth of today. There is no age limit or regulated licensing involved with being a young developer. Bitcoin’s core code and decisions rest on the network’s user base. This would include children and teenagers using the virtual currency.

The peer-to-peer evolution is happening drastically and children are the most integrated. From the use of the social media apps and sharing protocol online, people of all ages are able to swap their favorite things. From MP3s to their favorite ebook and now even money. Being able to exchange value online has become a trend for the young generation and continues to find new supporters.

Throughout the elaborate play of video games and file sharing, kids learn external subjects as well. While using Bitcoin, children may discuss how the protocol works and operates, learning the underlying math that goes along with the digital currency. They could possibly get to meet the characters of public and private keys.

For the first time in history a form of money is able to be exchanged without a central authority. Just as skateboards, hip-hop and the internet changed our culture, Bitcoin will do the same. The protocol is just as exciting as all of these things and will be relevant for generations and years to come. The youth are learning math and consensus through adoption at an early age. With this new education in time these children will be the sole contributors to the network.

Teaching kids about Bitcoin and the attributes of the blockchain is an excellent idea. It teaches them more about the three previously listed core values, which all of them relate to daily.

Digital currency is the future of money

Children should all know the fundamentals of digital money, which will give them more inclusiveness and opportunities. Seeing how the uber-esque sharing economy and Bitcoin’s unique application power affect their lives will greatly emulate throughout the world and to generations to come. When you think about it, Bitcoin is no different than the skateboard revolution and Nirvana’s music, all changing our global culture.

https://99bitcoins.com/kids-and-bitcoin-the-future-is-here/

KristinaHD

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Re: Kids and Bitcoin: The future is here
« Reply #1 on: September 04, 2015, 02:29:36 PM »

This is a great article and well worth reading.  I think people will be surprised at how quickly kids will pick up on this (probably because of various computer games).


Kids and Bitcoin: The future is here

"It’s never too early to teach children about Bitcoin. Parents everywhere are teaching their youth about digital currencies. When kids are learning math, code and consensus, the financial system of the past has something to worry about."

My children are two and six and they both know Bitcoin quite well. My youngest can say many of the terminologies involved with the virtual currency, while my six-year-old can understand it even more. Discussions on the topic of Bitcoin are a regular occurrence in our household. Discussions ranging from understanding what a cryptocurrency is, to its scarcity and digital storage. My children have a further grasp on the subject than most adults. Of course, like learning any foreign language, being younger always helps.

With games like Minecraft, Counter Strike and Spells of Genesis all now accepting digital currencies, it’s no wonder kids are hearing about Bitcoin. Their favorite games contain the use of exchanging digital currency for special achievements, weapons and skins for their customized gaming experience.

You can’t slip a dollar bill through the Xbox console, children understand this. An online token of value is needed to acquire the certain objectives the players want in the game and Bitcoin is the natural choice. With Microsoft and Xbox Live accepting BTC as payment, now children from all over the world can participate in this economy in their own way.

Children are eager to learn and do this faster than adults. A child is more open to certain concepts when they are not flooded with beliefs and bias. Understanding Bitcoin is no different as lots of children are quickly learning how to send and receive the currency.

But what are they learning actually?

Well, they are learning how to keep strong passwords and addresses safe from the public eye. Learning to manage their virtual assets online like they manage their skins and mods. Children are learning the speed and fluid action of Bitcoin and how they can receive gratification to their online experience instantly. They discover how to operate and transact with value and be responsible with it from a young age. One of the most important aspects is it provides kids with a sense of independence.

Bitcoin gives us all sovereignty and independence. From young children to the elderly, we can all benefit from the use of the digital currency.

Important aspects that are known to both adults and kids are the three core attributes of the protocol: these are decentralization, open source code, and peer-to-peer applications. Children are more apt to pick up these fundamentals from an early age. These three concepts are now defaults in most of the up and coming online applications, with the youth at the helm of all its design.

Children like decentralization and not being tethered to a central authority. We all know what it’s like or have seen how independent kids can be. Bitcoin is a great application for kids to understand that there is no authority to the application. No boss or parent figure telling the network what to do. This may be appealing to children who see their parents’ money buy less and get taxed through centralization.

With the inflation of fiat currency, adults unknowingly must purchase less goods for their kids because the current currency is devalued. With taxation from a central authority point, the youth see their parents hard earned wealth dissipate to certain forced entities. What children in this world actually like to have less buying power? When parents are unable to afford things this may create conflicts between children and adults. Scarcity and saving incentives offered by Bitcoin give the cryptocurrency an edge over its fiat competitor.

Open source code and opening data globally is becoming widely known for its great incentives. Children are becoming aware and quickly learning educational techniques from open source information. In this age they can simply go online to learn their favorite video game move or learn how to code their own.

Being able to access code, data, and analyzed research is helpful to everyone. Children see this and are expanding this social network of learning exponentially. Seeing a currency’s code that can be worked on and democratically updated is appealing to the youth of today. There is no age limit or regulated licensing involved with being a young developer. Bitcoin’s core code and decisions rest on the network’s user base. This would include children and teenagers using the virtual currency.

The peer-to-peer evolution is happening drastically and children are the most integrated. From the use of the social media apps and sharing protocol online, people of all ages are able to swap their favorite things. From MP3s to their favorite ebook and now even money. Being able to exchange value online has become a trend for the young generation and continues to find new supporters.

Throughout the elaborate play of video games and file sharing, kids learn external subjects as well. While using Bitcoin, children may discuss how the protocol works and operates, learning the underlying math that goes along with the digital currency. They could possibly get to meet the characters of public and private keys.

For the first time in history a form of money is able to be exchanged without a central authority. Just as skateboards, hip-hop and the internet changed our culture, Bitcoin will do the same. The protocol is just as exciting as all of these things and will be relevant for generations and years to come. The youth are learning math and consensus through adoption at an early age. With this new education in time these children will be the sole contributors to the network.

Teaching kids about Bitcoin and the attributes of the blockchain is an excellent idea. It teaches them more about the three previously listed core values, which all of them relate to daily.

Digital currency is the future of money

Children should all know the fundamentals of digital money, which will give them more inclusiveness and opportunities. Seeing how the uber-esque sharing economy and Bitcoin’s unique application power affect their lives will greatly emulate throughout the world and to generations to come. When you think about it, Bitcoin is no different than the skateboard revolution and Nirvana’s music, all changing our global culture.

https://99bitcoins.com/kids-and-bitcoin-the-future-is-here/


My daughter's open house for Pre-K was yesterday. There was a form to fill in to ask about the jobs that parents hold. Instead of my day job, marketing, I would rather talk to these kids about digital currency. They are all 3-4 years old, and I feel like it's hard enough to explain to them about money you can see and hold in your hand, let alone a digital currency. After reading this article, I have more confidence! Bring on the toddlers!

Chase

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Re: Kids and Bitcoin: The future is here
« Reply #2 on: September 04, 2015, 08:01:40 PM »

This is a great article and well worth reading.  I think people will be surprised at how quickly kids will pick up on this (probably because of various computer games).


Kids and Bitcoin: The future is here

"It’s never too early to teach children about Bitcoin. Parents everywhere are teaching their youth about digital currencies. When kids are learning math, code and consensus, the financial system of the past has something to worry about."

My children are two and six and they both know Bitcoin quite well. My youngest can say many of the terminologies involved with the virtual currency, while my six-year-old can understand it even more. Discussions on the topic of Bitcoin are a regular occurrence in our household. Discussions ranging from understanding what a cryptocurrency is, to its scarcity and digital storage. My children have a further grasp on the subject than most adults. Of course, like learning any foreign language, being younger always helps.

With games like Minecraft, Counter Strike and Spells of Genesis all now accepting digital currencies, it’s no wonder kids are hearing about Bitcoin. Their favorite games contain the use of exchanging digital currency for special achievements, weapons and skins for their customized gaming experience.

You can’t slip a dollar bill through the Xbox console, children understand this. An online token of value is needed to acquire the certain objectives the players want in the game and Bitcoin is the natural choice. With Microsoft and Xbox Live accepting BTC as payment, now children from all over the world can participate in this economy in their own way.

Children are eager to learn and do this faster than adults. A child is more open to certain concepts when they are not flooded with beliefs and bias. Understanding Bitcoin is no different as lots of children are quickly learning how to send and receive the currency.

But what are they learning actually?

Well, they are learning how to keep strong passwords and addresses safe from the public eye. Learning to manage their virtual assets online like they manage their skins and mods. Children are learning the speed and fluid action of Bitcoin and how they can receive gratification to their online experience instantly. They discover how to operate and transact with value and be responsible with it from a young age. One of the most important aspects is it provides kids with a sense of independence.

Bitcoin gives us all sovereignty and independence. From young children to the elderly, we can all benefit from the use of the digital currency.

Important aspects that are known to both adults and kids are the three core attributes of the protocol: these are decentralization, open source code, and peer-to-peer applications. Children are more apt to pick up these fundamentals from an early age. These three concepts are now defaults in most of the up and coming online applications, with the youth at the helm of all its design.

Children like decentralization and not being tethered to a central authority. We all know what it’s like or have seen how independent kids can be. Bitcoin is a great application for kids to understand that there is no authority to the application. No boss or parent figure telling the network what to do. This may be appealing to children who see their parents’ money buy less and get taxed through centralization.

With the inflation of fiat currency, adults unknowingly must purchase less goods for their kids because the current currency is devalued. With taxation from a central authority point, the youth see their parents hard earned wealth dissipate to certain forced entities. What children in this world actually like to have less buying power? When parents are unable to afford things this may create conflicts between children and adults. Scarcity and saving incentives offered by Bitcoin give the cryptocurrency an edge over its fiat competitor.

Open source code and opening data globally is becoming widely known for its great incentives. Children are becoming aware and quickly learning educational techniques from open source information. In this age they can simply go online to learn their favorite video game move or learn how to code their own.

Being able to access code, data, and analyzed research is helpful to everyone. Children see this and are expanding this social network of learning exponentially. Seeing a currency’s code that can be worked on and democratically updated is appealing to the youth of today. There is no age limit or regulated licensing involved with being a young developer. Bitcoin’s core code and decisions rest on the network’s user base. This would include children and teenagers using the virtual currency.

The peer-to-peer evolution is happening drastically and children are the most integrated. From the use of the social media apps and sharing protocol online, people of all ages are able to swap their favorite things. From MP3s to their favorite ebook and now even money. Being able to exchange value online has become a trend for the young generation and continues to find new supporters.

Throughout the elaborate play of video games and file sharing, kids learn external subjects as well. While using Bitcoin, children may discuss how the protocol works and operates, learning the underlying math that goes along with the digital currency. They could possibly get to meet the characters of public and private keys.

For the first time in history a form of money is able to be exchanged without a central authority. Just as skateboards, hip-hop and the internet changed our culture, Bitcoin will do the same. The protocol is just as exciting as all of these things and will be relevant for generations and years to come. The youth are learning math and consensus through adoption at an early age. With this new education in time these children will be the sole contributors to the network.

Teaching kids about Bitcoin and the attributes of the blockchain is an excellent idea. It teaches them more about the three previously listed core values, which all of them relate to daily.

Digital currency is the future of money

Children should all know the fundamentals of digital money, which will give them more inclusiveness and opportunities. Seeing how the uber-esque sharing economy and Bitcoin’s unique application power affect their lives will greatly emulate throughout the world and to generations to come. When you think about it, Bitcoin is no different than the skateboard revolution and Nirvana’s music, all changing our global culture.

https://99bitcoins.com/kids-and-bitcoin-the-future-is-here/


My daughter's open house for Pre-K was yesterday. There was a form to fill in to ask about the jobs that parents hold. Instead of my day job, marketing, I would rather talk to these kids about digital currency. They are all 3-4 years old, and I feel like it's hard enough to explain to them about money you can see and hold in your hand, let alone a digital currency. After reading this article, I have more confidence! Bring on the toddlers!


That's awesome Kristina!  This is a really good test to see how young a child can be, to grasp digital currency.  Please let us know how you made out with them (good or bad - lol).   :)

KristinaHD

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Re: Kids and Bitcoin: The future is here
« Reply #3 on: September 25, 2015, 12:41:39 PM »
STANFORD UNIVERSITY COURSE COULD GROW BITCOIN COMMUNITY, SAYS PROFESSOR

https://www.cryptocoinsnews.com/stanford-university-course-grow-bitcoin-community/

Omg! This is great!!!

"If we can start turning out 100 students a year who are experts on Bitcoin, this will really start growing the community quickly which should lead to exciting new technical advances in the future." -Professor Joseph Bonneau


I wonder when our public school systems will catch on and start teaching our kids about crypto? For now, it's up to us. (And apparently Stanford!)

Chase

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Re: Kids and Bitcoin: The future is here
« Reply #4 on: November 15, 2015, 10:05:24 PM »

If you haven't checked out Nick's article, please do so and show your support on Facebook and Twitter.  Thanks!!


"Children and Cryptocurrency: Why They Need to Learn Now"

http://dcebrief.com/children-and-cryptocurrency-why-they-need-to-learn-now/

indiamikezulu

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Re: Kids and Bitcoin: The future is here
« Reply #5 on: November 16, 2015, 12:24:35 AM »
"My daughter's open house for Pre-K was yesterday. There was a form to fill in to ask about the jobs that parents hold. Instead of my day job, marketing, I would rather talk to these kids about digital currency. They are all 3-4 years old, and I feel like it's hard enough to explain to them about money you can see and hold in your hand, let alone a digital currency. After reading this article, I have more confidence! Bring on the toddlers!"

Can't recommend highly enough the experience of a small group using android wallets -- why not tech-savvy kids? If you're interested, ask me here for further details.

[One of IndiaMikeZulu's members is talking about a family crypto: paying pocket money, and for chores done, with cryptos. Dad will be the 'bank' once a week, and change cryptos to Dino Dollars, if necessary. Actually, guys, ya gotta get this guy to do some guest posts here!]

Shepherd

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Re: Kids and Bitcoin: The future is here
« Reply #6 on: November 16, 2015, 02:51:06 AM »
"My daughter's open house for Pre-K was yesterday. There was a form to fill in to ask about the jobs that parents hold. Instead of my day job, marketing, I would rather talk to these kids about digital currency. They are all 3-4 years old, and I feel like it's hard enough to explain to them about money you can see and hold in your hand, let alone a digital currency. After reading this article, I have more confidence! Bring on the toddlers!"

Can't recommend highly enough the experience of a small group using android wallets -- why not tech-savvy kids? If you're interested, ask me here for further details.

[One of IndiaMikeZulu's members is talking about a family crypto: paying pocket money, and for chores done, with cryptos. Dad will be the 'bank' once a week, and change cryptos to Dino Dollars, if necessary. Actually, guys, ya gotta get this guy to do some guest posts here!]

[One of IndiaMikeZulu's members is talking about a family crypto: paying pocket money, and for chores done, with cryptos. Dad will be the 'bank' once a week, and change cryptos to Dino Dollars, if necessary. Actually, guys, ya gotta get this guy to do some guest posts here!]

Sounds very interesting. So how do we get this guy to do some guest posts here?


indiamikezulu

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Re: Kids and Bitcoin: The future is here
« Reply #7 on: November 17, 2015, 07:46:19 AM »
I'm arranging it as we speak.

IMZ-Ian

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Re: Kids and Bitcoin: The future is here
« Reply #8 on: November 18, 2015, 04:32:18 AM »
Hi Guys. Mark asked me to breif the 'Ridgwell Coin' which was basically a family finances coin.
I have always been a believer that blochchain financial tools are/will be of great benefit in a whole bunch of niche ways (most we haven't explored or considered yet)

My kids are lazy (No more so than me. Bad habits are taught) and pocket money doesn't work because they have access to everything.
Modern life means parants compete against other parants to offer their children everything, to ignore such a social norm is to place your kids at risk of social stigmatism.

Use an in house currency to encorouge the kids to not only save for themsleves but to work towards the wealth of the family for mutual family benefit.

i.e. Ridgwell Coin.

Ridgwell coin is a crypto currency that is pegged to the total value of the families pooled discretionairy funds.

- Children and Adults are allocated their coins (pre-mined and stored in the 'vault' when not allocated) based on their *contribution to the hosuehold.
   To allow working (income earning) family members to enjoy some of their hard work they are alloced a stipend from their own wage. This should incorouge young adults to seek paid employment and allow parants to not be beholden to their childrens ability to manipulate the Family coin.

   *Contributions:
      The most difficult and important part of the process is ensuring that 'housework' is valued fairly. Though we enver implemented this model in our hosue the difficulty for us was that the oldest child most capable of assisting around the house was quite happy to not assist and earn nothing. Meanwhile myself and my wife both bringing in incomes were struggling to justify being interested in household chores for a family that has no respect for the chores or the people who do them. I made it so that chores would be adjusted in value until someone volunteered. Since RidgwellCoin is a 'share of the overall funds available to the hosuehold' this decreased the value of other chores. Over time this method should equalise and have everyone working to a relative efficiency.

- Punishment for not completing a volunteered task had not been set out. It can either be fiscal or social (This system wasn't built around the stick model rather the carot.) Discussion had set it to forfeture of the 'chores' value + 50%. This has not been tested in practice and may have to be adjusted apprpriately. The ability to trade coin between each other for favors or chore slots is a feature of the system.

- Cashing out involves returning your coins to the vault for a lump some payout. This payout is your % of the currently distributed RidgwellCoin as a % of the currently available household funds, this doesn not weaken the value of anyone elses coin just the amount of coin in distribution. My oldest wasn't keen on this to start with but there are some interesting nuances to this.

- Family expenses become a join excersice. If the family wants pay tv it comes out of the family funds. If the family desperately needs chinese food once a week thats shared funds. The children become aware that when the family spends money the family loses money and that includes them. I had hoped that a $50 cheese picnic in the local park would become more attractive than a $100 trip to the cinemas.

At the end of the day RidgwellCoin was a concept project to bring a sense of reality to my families ecenomic behaviour in a world that runs on fantasy money. I had hoped that implementing the project would benefit my children educationally and the family fiscally, we are at times a relatively undisciplined lot and fall to the lures of modern living.


There are a few reasons this project never took of for us.

We did implement a basic non cypto model and though it worked the children did not pick up enough chores to make it viable. As both working parents who also ran a small shop (at that time) our work load was heavy and the discretionary income was low this made it hard to encourage children to do chores. 50c a chore isn't much when it costs $5 for a bag of lollies (Hooray inflation).
Also there was the time. Systems take time and effort to implement and maintain. The project might come back into focus next year now that peripheral things are settling down and the tension of family debt is back under crisis level.

I hope I got the idea across, its been a while since I played with it.

Also apologies to Mark. He's been nudging me to come and say hi for a while now and I have been remiss in not doing so.

Its great to see a crypto coin community not so focused on trading, getting rich and all the other "manly net stuff", that gets so tiring.

If anyone does get a model of this going I'd love to hear about it. I think there's a lot of potential for niche projects like this to make a difference in the lives of us normal people.

Chase

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Re: Kids and Bitcoin: The future is here
« Reply #9 on: November 18, 2015, 08:39:25 PM »
Hi Guys. Mark asked me to breif the 'Ridgwell Coin' which was basically a family finances coin.
I have always been a believer that blochchain financial tools are/will be of great benefit in a whole bunch of niche ways (most we haven't explored or considered yet)

My kids are lazy (No more so than me. Bad habits are taught) and pocket money doesn't work because they have access to everything.
Modern life means parants compete against other parants to offer their children everything, to ignore such a social norm is to place your kids at risk of social stigmatism.

Use an in house currency to encorouge the kids to not only save for themsleves but to work towards the wealth of the family for mutual family benefit.

i.e. Ridgwell Coin.

Ridgwell coin is a crypto currency that is pegged to the total value of the families pooled discretionairy funds.

- Children and Adults are allocated their coins (pre-mined and stored in the 'vault' when not allocated) based on their *contribution to the hosuehold.
   To allow working (income earning) family members to enjoy some of their hard work they are alloced a stipend from their own wage. This should incorouge young adults to seek paid employment and allow parants to not be beholden to their childrens ability to manipulate the Family coin.

   *Contributions:
      The most difficult and important part of the process is ensuring that 'housework' is valued fairly. Though we enver implemented this model in our hosue the difficulty for us was that the oldest child most capable of assisting around the house was quite happy to not assist and earn nothing. Meanwhile myself and my wife both bringing in incomes were struggling to justify being interested in household chores for a family that has no respect for the chores or the people who do them. I made it so that chores would be adjusted in value until someone volunteered. Since RidgwellCoin is a 'share of the overall funds available to the hosuehold' this decreased the value of other chores. Over time this method should equalise and have everyone working to a relative efficiency.

- Punishment for not completing a volunteered task had not been set out. It can either be fiscal or social (This system wasn't built around the stick model rather the carot.) Discussion had set it to forfeture of the 'chores' value + 50%. This has not been tested in practice and may have to be adjusted apprpriately. The ability to trade coin between each other for favors or chore slots is a feature of the system.

- Cashing out involves returning your coins to the vault for a lump some payout. This payout is your % of the currently distributed RidgwellCoin as a % of the currently available household funds, this doesn not weaken the value of anyone elses coin just the amount of coin in distribution. My oldest wasn't keen on this to start with but there are some interesting nuances to this.

- Family expenses become a join excersice. If the family wants pay tv it comes out of the family funds. If the family desperately needs chinese food once a week thats shared funds. The children become aware that when the family spends money the family loses money and that includes them. I had hoped that a $50 cheese picnic in the local park would become more attractive than a $100 trip to the cinemas.

At the end of the day RidgwellCoin was a concept project to bring a sense of reality to my families ecenomic behaviour in a world that runs on fantasy money. I had hoped that implementing the project would benefit my children educationally and the family fiscally, we are at times a relatively undisciplined lot and fall to the lures of modern living.


There are a few reasons this project never took of for us.

We did implement a basic non cypto model and though it worked the children did not pick up enough chores to make it viable. As both working parents who also ran a small shop (at that time) our work load was heavy and the discretionary income was low this made it hard to encourage children to do chores. 50c a chore isn't much when it costs $5 for a bag of lollies (Hooray inflation).
Also there was the time. Systems take time and effort to implement and maintain. The project might come back into focus next year now that peripheral things are settling down and the tension of family debt is back under crisis level.

I hope I got the idea across, its been a while since I played with it.

Also apologies to Mark. He's been nudging me to come and say hi for a while now and I have been remiss in not doing so.

Its great to see a crypto coin community not so focused on trading, getting rich and all the other "manly net stuff", that gets so tiring.

If anyone does get a model of this going I'd love to hear about it. I think there's a lot of potential for niche projects like this to make a difference in the lives of us normal people.


Hi Ian and welcome to CryptoMoms!

Thank you for the great post.  That is a fantastic idea and I know it must have been a ton of work, but I do hope someone carries on with this idea, and turns it into some app, game, or something very cool for kids.

Please drop in anytime, even if it is just to say hi!

indiamikezulu

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Re: Kids and Bitcoin: The future is here
« Reply #10 on: November 19, 2015, 12:14:43 AM »
Wow! Ian has posted!

I shall field questions.

But as I popped in here this second -- expecting you to still be waiting for Ian -- to post a mom-friendly photo. Whatever then, here it is:

7 years alone here at my farmhouse. The critters pretty much ignore me -- so I can get quite close. And yes, the photo is rubbish (again); but mom-aroos with baby-roos ('joeys') are flat-out hilarious. If mom is sitting looking at you, so is joey. When mom is grazing, so is joey:

« Last Edit: November 19, 2015, 12:18:38 AM by indiamikezulu »

Shepherd

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Re: Kids and Bitcoin: The future is here
« Reply #11 on: November 19, 2015, 02:04:51 AM »
Hi Guys. Mark asked me to breif the 'Ridgwell Coin' which was basically a family finances coin.
I have always been a believer that blochchain financial tools are/will be of great benefit in a whole bunch of niche ways (most we haven't explored or considered yet)

My kids are lazy (No more so than me. Bad habits are taught) and pocket money doesn't work because they have access to everything.
Modern life means parants compete against other parants to offer their children everything, to ignore such a social norm is to place your kids at risk of social stigmatism.

Use an in house currency to encorouge the kids to not only save for themsleves but to work towards the wealth of the family for mutual family benefit.

i.e. Ridgwell Coin.

Ridgwell coin is a crypto currency that is pegged to the total value of the families pooled discretionairy funds.

- Children and Adults are allocated their coins (pre-mined and stored in the 'vault' when not allocated) based on their *contribution to the hosuehold.
   To allow working (income earning) family members to enjoy some of their hard work they are alloced a stipend from their own wage. This should incorouge young adults to seek paid employment and allow parants to not be beholden to their childrens ability to manipulate the Family coin.

   *Contributions:
      The most difficult and important part of the process is ensuring that 'housework' is valued fairly. Though we enver implemented this model in our hosue the difficulty for us was that the oldest child most capable of assisting around the house was quite happy to not assist and earn nothing. Meanwhile myself and my wife both bringing in incomes were struggling to justify being interested in household chores for a family that has no respect for the chores or the people who do them. I made it so that chores would be adjusted in value until someone volunteered. Since RidgwellCoin is a 'share of the overall funds available to the hosuehold' this decreased the value of other chores. Over time this method should equalise and have everyone working to a relative efficiency.

- Punishment for not completing a volunteered task had not been set out. It can either be fiscal or social (This system wasn't built around the stick model rather the carot.) Discussion had set it to forfeture of the 'chores' value + 50%. This has not been tested in practice and may have to be adjusted apprpriately. The ability to trade coin between each other for favors or chore slots is a feature of the system.

- Cashing out involves returning your coins to the vault for a lump some payout. This payout is your % of the currently distributed RidgwellCoin as a % of the currently available household funds, this doesn not weaken the value of anyone elses coin just the amount of coin in distribution. My oldest wasn't keen on this to start with but there are some interesting nuances to this.

- Family expenses become a join excersice. If the family wants pay tv it comes out of the family funds. If the family desperately needs chinese food once a week thats shared funds. The children become aware that when the family spends money the family loses money and that includes them. I had hoped that a $50 cheese picnic in the local park would become more attractive than a $100 trip to the cinemas.

At the end of the day RidgwellCoin was a concept project to bring a sense of reality to my families ecenomic behaviour in a world that runs on fantasy money. I had hoped that implementing the project would benefit my children educationally and the family fiscally, we are at times a relatively undisciplined lot and fall to the lures of modern living.


There are a few reasons this project never took of for us.

We did implement a basic non cypto model and though it worked the children did not pick up enough chores to make it viable. As both working parents who also ran a small shop (at that time) our work load was heavy and the discretionary income was low this made it hard to encourage children to do chores. 50c a chore isn't much when it costs $5 for a bag of lollies (Hooray inflation).
Also there was the time. Systems take time and effort to implement and maintain. The project might come back into focus next year now that peripheral things are settling down and the tension of family debt is back under crisis level.

I hope I got the idea across, its been a while since I played with it.

Also apologies to Mark. He's been nudging me to come and say hi for a while now and I have been remiss in not doing so.

Its great to see a crypto coin community not so focused on trading, getting rich and all the other "manly net stuff", that gets so tiring.

If anyone does get a model of this going I'd love to hear about it. I think there's a lot of potential for niche projects like this to make a difference in the lives of us normal people.


Hi Ian and welcome to CryptoMoms!

Thank you for the great post.  That is a fantastic idea and I know it must have been a ton of work, but I do hope someone carries on with this idea, and turns it into some app, game, or something very cool for kids.

Please drop in anytime, even if it is just to say hi!

Thanks for the great efforts Ian. Very interesting concept but sounded like a lot of work though. CRISP For Kids, Students, Employees, and Retirement were created to make things easier for parents, grand parents and employers. I have used it a number of times to pay my grand children to do gardening and other chores. I showed them the before and after value, using their CRISP accounts at DNotesVault and offered to buy them back at a discount if they rather have cash. Even the six years old picked up the concept right away. Guess what they are getting for Christmas - more DNotes.


indiamikezulu

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Re: Kids and Bitcoin: The future is here
« Reply #12 on: November 19, 2015, 06:52:33 AM »
When this one makes sense as an exercise . . .

set up an android wallet on a smartphone. The experience of 'point-and-shoot money' is great: open wallet; open camera; lock on to QR code; type in amount of crypto to be sent (determined by an in-wallet converter); press send -- 'transactional volume'!

Chase

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Re: Kids and Bitcoin: The future is here
« Reply #13 on: January 04, 2016, 07:05:45 PM »

There are some great articles on Kids and Cryptocurrency that I am going to gather together in this thread.


Developing Good Saving Habits with Digital Currency for Children

Many of us remember a time when doing simple chores was enough to earn a weekly income. It wasn't much and it usually came in the form of an "allowance," but it taught us the value of a dollar, and prepared us for life's remaining financial challenges.

Now, things have become more expensive. Items comes with hefty price tags attached, and $5 a week simply isn't going to help our children get what they want in due time. In an era when the bitcoin wallet is replacing the piggy bank, digital currency exists to help solve that problem through its potential to grow in value. Plans such as CRISP for Kids make it easy for children and their families to save for what lies ahead, and the lessons of being financially sound, although taught in a different capacity, are just as strong as ever.

Read the full story: http://dcebrief.com/developing-good-saving-habits-with-digital-currency-for-children/

Chase

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Re: Kids and Bitcoin: The future is here
« Reply #14 on: January 04, 2016, 07:09:04 PM »

Introducing Kids to Cryptocurrency Through Gaming

Children and crytocurrency are the future. That's the bottom line, so how can we introduce one to the other? Well, what do kids love doing the most? Playing video games is a likely answer, and several companies and online platforms have already found ways to implement cryptocurrency into their systems, bringing the bitcoin name to a higher position on the financial mountain.

Vladimir Mitic, CEO of Serbian gaming company Webelinx, recently sat down with DCEBrief to explain his future plans and his company's recent partnership with GameCredits, a new form of cryptocurrency that many believe will revolutionize digital currency purchases in future gaming. He believes cryptocurrency will have a huge influence on the gaming industry, and he can't wait to see what discoveries are made along the way.

Read the full story: http://dcebrief.com/introducing-kids-to-cryptocurrency-through-gaming/


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