Whaletank Hangout #231 RSVP - Teaching Your Kids About Finances Using Steem

in #whaletank7 years ago (edited)

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This is my official RSVP to Whaletank Hangout #231.

In my previous post, I shared with you one of my hopes of teaching my kids about finances.

In this post, I share with you my updates, my struggles, and my plans.

1. Updates

  1. Looked into Bitshares paper wallets - to give kids something tangible
    • Don't know how to use them
  2. Used BeyondBits to upvote a post (used part of the rewards to open children's account)
  3. Created account for Summer (@nathalie13)
  4. Initially delegated 27 SP to account
    • Learned that delegated SP to created accounts takes 30 days to cool down (return to your account); I thought this was only 7-days (learned from steem chat #help channel by @timcliff author of the above instructions)

2. Challenges

  1. Getting my kids to post in Steemit
    • They are not that familiar with the platform (need to teach / guide them through it)
  2. Teaching them how to use Steemit or any other UI.
  3. Paper Wallets - how to generate and print them as tangible rewards; and make children use it; will postpone or defer for now until the need of it arises;

3. Plans

Lesson that came to mind in taking actions is something about electric current - "path of least resistance"1:

Contrary to popular belief, electricity takes all paths available in inverse proportion to the impedance of the paths. The magnitude of the current flowing in a path depends on the path's voltage and impedance. The lower the impedance (assuming voltage remains constant), the greater the current. Conversely, the higher the impedance (assuming voltage remains constant), the lower the current.

  1. Make their first post
    • I'm skipping the introductory post
    • Perhaps a video?
    • Hobby post (e.g. them playing an instrument)
  2. Create a post for them (last resort)
    • They should be independent
  3. Create an account for Rain
    • Remaining BeyondBits used on this post; Rewards to be used to create account
  4. Creation of ChainBB forum (moderated content)
  5. Fork utopian.io to build a new UI for moderated content

4. Footnotes

1: The Path of Least Resistance

Image Sources: [1]

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Hi @eastmael,
Congrats! Your post has been featured in The Daily Qurator #57. I hope you like it!

Your Quality Curator,
Dr. TLK :D

Thank you very much @theleapingkoala. It's an honor to be featured in the The Daily Qurator.

I love the ancient proverb: lol.

"Give someone Fiat currency and they can eat for a day. Teach someone how to use cryptocurrency and they can eat for a life time"

Hahaha. I am glad you liked it :D

Good to know about your plans. Do you have any intro video of Steem so that it is easily understood by kids. Even I would like to use something like that. Keep it up.

Hello @lifecruiser. None, yet. perhaps it's something we can create as a community.

Calling @originalworks :)
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Nice, you got a 8.0% @minnowbooster upgoat, thanks to @eastmael
Want a boost? Minnowbooster's got your back!

The @OriginalWorks bot has determined this post by @eastmael to be original material and upvoted(1.5%) it!

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To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!

Hi @eastmael, I have seen a few Steemians trying to introduce their children to the platform as well. Do you think there is enough filtering out or control of content that is inappropriate for younger audiences here? How do you manage this?

Hello @plushzilla. valid point. Will use the ff.:

  1. Create a moderated forum in chainbb - this is to make use of already existing systems that kids can immediately use.
  2. Fork utopian.io - similar to utopian where posts are moderated; only approved posts will show in the feed.

Hi @eastmael, that would be great because I can tell my friends that have younger children to check out the great content they have on #steemiteducation and other channels without worrying about what else they might see on steemit that is nsfw and not safe for children either :)

Thank you @plushzilla. Your inputs are valuable. I guess it would be great if there was nsfc (not safe for children) tag in Steemit as well. lol.

I'll work on it and provide updates.

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by eastmael from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

This post has received a 0.24 % upvote from @drotto thanks to: @banjo.

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