‘Lily’s Show’ is an online program that explains everything from animal features to the basic principles of Bitcoin.
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February 17, 2021 2 min read
This article was translated from our Spanish edition using AI technologies. Errors can occur due to this process.
Lily, only 3 years old, has her own program in which she explains simple things to her followers on Facebook and Twitter (for the time being). In her fifth chapter, she explains how Bitcoin works with the help of cute cones, her stuffed animals and of course her parents.
She started Lily’s Show in August 2020, but on February 2, she posted a video of just over two minutes explaining the basics of Bitcoin, which many adults still have doubts about.
The information is based on Michael Caras’ children’s book “Bitcoin Money: A Story of Bitville That Discovered Good Money”.
#Bitcoin explained by a 3 year old pic.twitter.com/sNlZPetauD
– Lily’s Show (@LilyKnightShow) February 15, 2021
The little girl starts off by saying that Bitcoin is “decentralized digital money”! In other words, there is no need for a bank, on top of the fact that there are only 21 million of them in the world, and it was created by Satoshi Nakamoto, whom he describes as “a mystery”.
To explain how a transaction works, he uses wallets with candy and pieces of wood that represent Bitcoin wallets and the blockchain. The various purses belong to her, her teddy bear, a unicorn and Dolly, her stuffed animals.
In this way, any candy (cones) that passes from one bag to another represents a transaction that creates a piece of wood. When several of these are stacked, it symbolizes the blockchain that no one can see because it is anonymous.
Lily wonders “Why is it so expensive?” . So he declares that it’s because of the security he has; Money cannot be stolen, bank accounts cannot be hacked, only you have access with a 12 digit code, but if you lose it you are in “trouble” and could lose all of your money.
Finally little Lily takes off her glasses and tells her mother that she doesn’t need them to look smart, “stupid mom”. Aside from mentioning that he loves bitcoins … and skittles.
The video ends with a QR code for people to donate to Lily’s college fund.
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