Crypto winter is here.it’s a tough time price drop, but this is the perfect time to build and learn.For some Bitcoiners, the bear market is tree planting time or Create memes. A welcome break for those with kids to broaden their minds about Bitcoin (Bitcoin) minor.
Cointelegraph spoke with the creator of the popular Bitcoin-related game and educational tool to find out why teaching kids about sound money is crucial, and some of the best ways to do so.
SHAmory is a combination of SHA-256 (the cryptographic function that hashes inputs in Bitcoin) and memory, and is one of the best-selling Bitcoin games. Targeting kids ages 4 and up, creator Scott Sibley shares that he “creates the game and book with his toddler in mind.”
Sibley and his wife thought too good night bitcoin, a part of Emerging Bitcoin-related bookshelves. Sibley, a passionate educator, told Cointelegraph that breaking the money taboo and educating children about finance is crucial:
“Financial education, especially financial education that includes bitcoin, is something that kids in most ‘traditional’ schools wouldn’t receive. So now it’s bitcoin parents looking for ways to incorporate this education at home.”
Sibley advises kids to see, interact, and identify things as simple as the “Bitcoin logo,” or even “play our game and ask how Bitcoin mining works,” as key to long-term adoption. Furthermore, Gen Z (Zoomers) are leading the way in understanding intangible digital products: “Transacting with Bitcoin is no different than buying a new skin or a new level in the video game they’re currently playing.”
Will Reeves, co-founder of the Bitcoin rewards debit card Fold App, co-founded the Bitcoin game Bitopoly. Reeves told Cointelegraph, “The first version of Bitopoly came up in a conversation at the dinner table where we were trying to introduce Bitcoin to friends and family.” He said:
“Games provide a great way for people to understand complex concepts through ‘experience’ rather than ‘teaching’. Humans have used games throughout history to play this role, helping people understand in their own way.”
Like Sibley, Reeves explained that the best way to adopt Bitcoin is to teach kids, especially since they don’t have “preconceived notions.”
“Children don’t come into Bitcoin with a lifetime of preconceived notions, so they understand it faster and are less resistant to their own biases,” he said.
Bitcoin is really just a game.
We made a game about games and let people play real games. It’s called Bitopoly.
— Will Reeves (@wlrvs) May 26, 2021
In comments that may be true for adult readers, Reeves said bitcoin is a difficult process to “‘forget’ their previous views and understandings of money.”
Sats Ledger founder MTC told Cointelegraph, “I want to share Robert Breedlove and other Bitcoiners with his young family.” As a Bitcoin influencer and libertarian, he knows that virtually no 5-year-old will sit through an hour-long Breedlove podcast lyrical about sound money, libertarian first principles, and the evolution of the tax system .
MTC reflects on his childhood, a time when he “was very much into saving.” He remembered the savings book he would try to fill out, watching his wealth grow. Combined with the fact that “kids don’t like to be tricked and ‘mine’ is one of the first concepts kids understand” and the Sats Ledger was born.
The MTC says the Sats Ledger is a fun physical savings book for kids to keep track of their Satoshi savings that “no one can take away from them.”
With Sats Ledger, kids can master Bitcoin and money – learn how to HODL with low time preference. MTC told Cointelegraph, “If you can encourage kids to see their savings grow, that puts them on the path to understanding sound money and bitcoin.”
Another kid saver, Pigtoshi Nakamoto, hatched bitcoin on the premier kids savings device, the piggy bank. BitPiggy works with OpenDime, a bitcoin USB stick that allows people to use bitcoin-like dollar bills to teach kids how to deposit some or all of their funds in bitcoin.
Pigtoshi told Cointelegraph: “I realized early on that if I save early in life, it will make life easier later on. Especially when you’re young. When you’re young, that’s when you can Time to get ahead.” Since then, they’ve teamed up with SHAmory’s Sibley, so more toys and games are likely to come.
In the UK, Bitcoiner Coach Carbon combines the “beautiful game” of football with the invention of Satoshi Nakamoto. He told Cointelegraph that he is a life and health coach — and a lifelong soccer fan — that Coach Carbon founded the Bitcoin Players Academy, where kids work to combine “proof of work, personal responsibility and fighting FUD on their football journey.” “.
Bitcoin Ballers football training drills include “51% Attack”; a training game called “from scratch” with adjusted difficulty in certain training drills where defenders are added or the field size is limited. For Coach Carbon, it’s not just about promoting Bitcoin:
“It’s mostly about understanding ‘what is money? It’s not just money, it’s time, value and energy. That question isn’t asked enough, and if it’s not discussed in schools, where are people going to learn?'”
Fundamentally, given that the Bitcoin network is still a teenager — just Two of the possible 195 countries Bitcoin has been officially adopted — and Global adoption rate is less than 1%, “hyperbitcoinization” (when Bitcoin becomes a global store of value), is a distant prospect. As the educator explained, exposure to Bitcoin at an early age was another small step on the road.
Furthermore, an unintended consequence of educating children about sound money is its knock-on effect on parents. “Teaching kids about bitcoin is one of the most effective strategies for accelerating bitcoin adoption,” Reeves concluded.
And for Sibley, games, books and educational tools are “a sneaky way”, especially for parents.