Crypto education for kids
- Thread starter Gerrans
- Start date
The book "Extraordinary Popular Delusions and the Madness of Crowds" might be appropriate.
What da heck.
Some funny responses there but I think its a good space for kids to learn about.
There is a youtube film called 'a sly roundabout way' which touches on adultcentrism and the paths that crypto opens up for youth.
Lots of watchable stuff on youtube.
Most teenagers are pretty savvy in my experience; they know much more than their parents and recognize that the crypto space is a scam. I know a couple of teenagers who dabble in trading small amounts with crypto, but wouldn't risk any sizeable amount of money that they are saving for buying a car or whatever.
Many, many years ago, I saw a two-frame comic strip. I think it was from Willy 'n Ethel. Geez, I wish I had saved it.
Willy is watching TV in his easy chair, and he is approached by his nephew, maybe 14 years old or so, who says:
"I used your name to buy something."
Willy looks at him and says nothing.
In the next frame, the kid says,
"There's been a margin call."
Willy is watching TV in his easy chair, and he is approached by his nephew, maybe 14 years old or so, who says:
"I used your name to buy something."
Willy looks at him and says nothing.
In the next frame, the kid says,
"There's been a margin call."
Consider yourself lucky. Most teenagers are maybe technically savvy, and that is where it ends. They don't have the business or history knowledge not to mention the real life experience with scams.
When I was 10-12 I was introduced to ponzis by the so called pilot games, using postcards. You were supposed to send 5 or 10 postcards to your friends and relatives and thus doing so, you advance towards the top of a pyramid, where you get more and more post cards. You get the picture...I was pretty young but immediately saw the mathematical impossibility of everybody winning at this game.
They don't teach common sense in schools and teenagers may know someone who made easy money with crypto. Thus FOMO. Not to mention the easy availability of gambling apps. So they are ripe for being scammed, sad to say.
And the cultists are trying to get them while they are young:
(in case it doesn't show up, there are at least 4 crypto books on Amazon aimed at kids)
I think El Salvador may be pushing the education thing on kids. "If we can only get them to understand it . . . " CRYPTO YOUTH.