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Homepage / News December 28, 2017 86 views

How a 2014 Bitcoin Project Will Spend an Alaskan Schoolgirl’s College

How a 2014 Bitcoin Project Will Spend an Alaskan Schoolgirl’s College

How a 2014 Bitcoin Project Will Pay an Alaskan Schoolgirl's College


In 2014, a schoolgirl decided to do her class project on bitcoin. As component of her presentation, she distributed 30 paper wallets containing BTC to her classmates. Three years later and half of her peers nonetheless have their wallets, with some preparing to use the windfall to aid pay for college. The girl at the center of the story has benefited the most nevertheless: years of performing chores, paid in bitcoin, have seen her pocket funds swell to over three.five BTC.

Also study:&nbspTwenty Years Ago, Two Males Predicted Bitcoin

Intelligent Youngsters Get Paid in Bitcoin

Clever youngsters do not badger their parents for a pocket income raise: they basically request a change in currency, from fiat to crypto. That’s what a single sixth grader did back in 2014, but the enterprising girl didn’t quit there. The 12-year-old sought to educate the rest of her class on the wonders of bitcoin, which formed the subject of her science fair project.

How a 2014 Bitcoin Project Will Pay an Alaskan Schoolgirl's College

Armed with some bitcoin, kindly donated by members of r/bitcoin, and the assistance of her bitcoin-mad parents, the girl designed an info stand which addressed what bitcoin is, how it works and how it can be used. Her submission evidently pleased the judges, who awarded her 1st location in the Interior Alaska Science Fair. Some children would have accepted their rosette and moved on, but not this a single. These days, the now-15-year-old remains a big fan of bitcoin – which has been really very good to her in the intervening years.

It’s Never ever Too Early to Talk About Bitcoin

In a post to r/bitcoin this week, the girl’s mother offered an update on the legacy left by the winning science project. She wrote:

These 30 kids are all now about 15 and they all have their wallets, so cool. My daughter made certain they added little bits to their wallets in the bitcoin lows (and highs – haha). Some have by no means spent and are saving for college or gonna hold for the lengthy haul.

She finished: “Little Alaska group of crypto little ones talking about decentralized banking, forks, and the current troubles with bitcoin now when they hang out. All from this tiny science project in 2014.”

How a 2014 Bitcoin Project Will Pay an Alaskan Schoolgirl Through CollegeAt the time of the project, a single bitcoin was worth about $850. Pupils who had been disciplined sufficient to hodl – and to retain their paper wallets – are now sitting on a healthful lump sum. The wallet that the girl employed to gather donations to fund the 2014 project now consists of three.45 BTC. The mother explained that she’s stored the private key in a protected place and will give it to her daughter when she turns 18, whereupon she’s totally free to use the funds to spend for college.

As this story illustrates, it’s never also early to teach your children about income and to give them a measure of monetary freedom. If bitcoin fees are stopping you from issuing your children with micropayments for washing the automobile, there are always alternatives – bitcoin cash for a single. Alternatively, create a virtual ledger on a whiteboard in the kitchen displaying “off-chain transactions”, just before rounding them up and issuing them at the finish of the month. For parents who are massive on bitcoin, there’s a wealth of ways to incentivize the subsequent generation to take an interest in cryptocurrency.

How have you attempted teaching your kids about bitcoin?&nbspLet us know in the comments section beneath.

Images courtesy of Shutterstock and kimberlitepipes.

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Published at Thu, 28 Dec 2017 01:00:03 +0000