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

Dec 28, 2017 Posted /  2097 Views

How a 2014 Bitcoin Project Will Pay 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 part of her presentation, she shared 30 paper wallets containing BTC to her classmates. Three years later and half of her peers still have their wallets, with some preparation to use the windfall to help pay for college. The girl at the center of the story has profited the most, however: years of performing chores, paid in bitcoin, have seen her pocket money swell to over 3.5 BTC.

Smart Kids Get Paid in Bitcoin

Bright kids don’t badger their parents for a pocket money raise: they directly request a change in currency, from fiat to crypto. That’s what one-sixth grader did back in 2014, but the enterprising girl didn’t stop there. The 12-year-old tried to teach the rest of her class on the wonders of bitcoin, which formed the topic of her science decent project.

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Armed with some bitcoin, kindly donated by parts of r/bitcoin, and the support of her bitcoin-mad parents, the girl created data stand which addressed what bitcoin is, how it works and how it can be used. Her submission obviously pleased the experts, who awarded her first position in the Interior Alaska Science Fair. Some kids would have accepted their rosette and moved on, but not this one. Now only 15-year-old remains a big fan of bitcoin – which has been very good to her in the intervening years.

It’s Never Too Early to Talk About Bitcoin

In a post to r/bitcoin this week, the girl’s mother provided an update on the legacy left by the winning science project. She wrote:
Those 30 kids are near about 15, and they all have their own wallets, so great. My daughter makes sure they added little bits to their wallets in the bitcoin lows (and highs – haha). Some have never spent and are saving for college or going to hold for the long haul.

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

At the time the project, one bitcoin was worth about $850. Students who were disciplined enough to hold – and to retain their paper wallets – are now sitting on the big lump sum. The wallet that the girl used to collect donations to fund the 2014 project now contains 3.45 BTC. The mother explained that she’s stored the private key in a safe place and will give it to her daughter when she turns 18, after that she’s free to use the funds to pay for college.

As this story illustrates, it’s never too early to teach your kids about money and to give them a measure of financial freedom. If bitcoin fees are preventing you from issuing your kids with micropayments for washing the car, there are always alternatives – bitcoin cash for one. Alternatively, create a virtual ledger on a whiteboard in the kitchen displaying “off-chain transactions,” before rounding them up and issuing them at the end of the month. For parents who are big on bitcoin, there’s a wealth of ways to incentivize the next generation to take an interest in cryptocurrency.

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Tags: crypto kids Smart Kids bitcoin 2014

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