Teaching Cryptocurrency to the Next Generation: My Son Just Bought $8.33 More SmartCash
Three years ago, my son and I worked together to build computer games using Scratch which you can see at gamesbydevon.wordpress.com. Back then, we asked for bitcoin donations and Reddit users donated! It was awesome. He made enough money to buy himself a pocket knife, but the key thing for me was he learned as a five-year-old that cryptocurrency is real money.
I was thinking about this again tonight and ended up watching the intro video we did way back then. He was only 5! So cute.
Eventually he lost interest in building Scratch games so the project hasn't been touched since.
As I was talking to him about various cryptocurrencies I'm trading now, he got really interested in SmartCash and SmartRewards.
I realized that old bitcoin address of his still had some bitcoin in it (and bitcoin cash):
Previously, he was bummed because he didn't think he could earn enough money to buy 1,000 SmartCash to be eligible for the SmartRewards on December 25th. I'm so glad I remembered he still owned some bitcoin and hurray for the rise in bitcoin price this year. :)
Today we were talking about cryptocurrencies at the dinner table (a common occurrence in our home), and he said he wanted to buy some more SmartCash before the 25th so he'd be eligible for even more SmartRewards for his "Christmas Money." I took the picture above tonight as he handed over his saved funds of $8.33. @corinnestokes and I don't do allowance, but we do pay for household chores such as taking out the garbage.
I'm so very proud of him for wanting to be part of the future digital currency economy at such an early age and his desire to save instead of spend (though he has bought quite a few nerf blasters with his own money lately).
I walked him through the whole process tonight of transferring some of my Steem to HitBTC, selling for BTC, and then buying SmartCash. We then transferred it to his wallet where he now has around $68 worth:
If you're feeling generous and want to send him a few more $SMARTs, his savings address is
I'm a proud pappa. If my 8-year-old son can understand this stuff with some help from his dad, anyone can.
If you want to know more about SmartCash, check out my previous posts on it:
- $0.02222 (0.00000463 BTC) My SmartCash Story
- $0.03416 (0.00000648 BTC) I Bought Some More SmartCash
- $0.08218 (0.00001485 BTC) I Finally Took the Loss
- $0.12584 (0.00002270 BTC) SmartCash is Blowing Up! Social Capital and the Warm Feeling of Being Lucky!
The price is back down to $0.05627 (0.00000692 BTC) right now after the big spike to over $0.16. If you end up buying a 1,000 or more and put it in your wallet before the 25th, you'll be eligible for some Christmas SmartRewards as well. I don't know where the SmartCash project will go, but it seems to have a motivated team and some cool ideas.
What are your thoughts about teaching cryptocurrency to children?
Do you think STEEM and SmartCash are good examples to get them started?
Luke Stokes is a father, husband, business owner, programmer, STEEM witness, and voluntaryist who wants to help create a world we all want to live in. Visit UnderstandingBlockchainFreedom.com