The Bitcoin Group offices in Southbank has hosted countless Bitcoin and FinTech Meet-Up events since moving into the space in November 2014. As mainstream interest in Bitcoin and crypto currencies grows, so does the need for education and awareness on the technology.
When we were approached by a local school teacher about providing Bitcoin education to his students, we approached Bitcoin Group’s Business Development Manager, Martin Davidson, who has been facilitating weekly ‘Introduction to Bitcoin’ workshops for the community since December 2014, to run a special workshop event for the students.
“I was thrilled to hear a local school teacher is taking the initiative to give his students an insight into alternative currencies and value transfer. Understanding how the existing monetary system is governed and how Bitcoin technology provides a new innovative alternative, in increasingly connected online digital world, is something everyone should be aware of.” said Martin.
The workshop lasted for about an hour and covered the history of money including barter, commodity money, fiat debt based money, and of course Bitcoin. The students were very engaged and had many questions throughout. One of the Year 9 students must have been paying very close attention as he asked quite a technically advanced question, “What happens to the miners in year 2140 after final bitcoins have been mined?” to which Martin replied, “The miners will always be incentivised to continue mining for blocks for the transaction fee rewards included in mined blocks, which by 2140 could include every financial transaction and asset transfer on the planet.”
University High School teacher, John Tiernan said of the visit,”I still think the group are quite tied to the traditional notion of how we move money and what money is, although I do feel today challenged them to think differently”
He added, “Im looking forward to brainstorming ways we can normalize the use of cryptocurrencies for the students. The students will be doing charity fundraisers in the next few weeks so perhaps we can aim to use Airbitz (Bitcoin Wallet Application) to transfer money to their chosen charity”
For Bitcoin Group and the future of the Bitcoin industry in general, education is key. We are delighted to cultivate a relationship with a local school and look forward to educating more people on Bitcoin, the world’s first peer to peer electronic cash system.
Another school workshop for a new group of students has been booked for start of November.