For instance, he often asks questions like, "Uncle, what is bitcoin?" or "Is it a type of currency? Can I have one?" We do our best to explain the concept to him, but sometimes he grasps it easily while other times he struggles to understand. What I do know is that this young boy is displaying a keen interest in the subject.
I wonder why he would understand it awhile and then forget it. Is it that your teaching methodology isn't simplified for his age? The first time my less than 10-year old son asked me what Bitcoin was. I took out just give minutes to tell him it's money just like the fiat he's used to but that
Bit (computer language) is computer
Coin. It's money accessible on the Internet. He understood it and hasn't asked again in perplexity. I left it that simple without compounding it with the asset side of it. Yes, I believe Bitcoin is both coin and asset.
Recently, he expressed his frustration about his teacher and classmates labeling bitcoin as a ponzi scheme or a scam each time he talks about it. I'm seeking a variety of advice that I can offer to my nephew in this situation.
Tell your nephew to assess his teacher by what he (your nephew) knows and is sure of to judge the level of knowledge his teacher has 😆. Not everyone is that intelligible, whether they're teachers or not. My son's teacher once told him and his classmates that there was nothing like a Flying fish. I showed my son videos of flying fish on YouTube to dispel his teacher's opinion.