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A 12-year-old, future unschooling advocate at an Occupy Wall Street protest learns about Bitcoin while running from the cops. He invests. Later, the independent Erik Finman will become the supposed âworldâs youngest bitcoin millionaireâ at age 18. Thatâs not where the story ends, though. The high school dropout has since gone on to launch education startups, satellites into space, and become involved with big influencers and ideas in the crypto space, proving once again that independent, natural learning has a whole lot more to offer than his teacherâs advised route of working at McDonaldâs, or a âcultishâ adherence to BTC maximalism.
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Unschooling: Kind of a Big Deal
With more and more people from all walks of life jumping into the unschooling revolution, Erik Finmanâs story is illustrative of a shift in thinking on education. Bitcoiners are no strangers to the freedom first philosophy, either. Whether it means selling everything one has and hitting the road as a family, growing and selling food to become more self-sufficient, or holding 446 bitcoins as a 20-year-old, folks are beginning to see the connection between decentralized money and permissionless learning.
Botangle Aims to Replace Public Schools
In 2015, Finman sold $100,000 of his BTC stash and dropped out of school to work on Botangle, about which the independent learner stated in an interview with Wired:
Its mission is to replace the public school system because of my terrible experiences in it.
Finman has also stated that if âI ever decide to ever have kids I will never send them to school.â
Botangleâs mission was to pair learners with educators online, furthering the already swift current of change in that direction, due to the decentralized learning capabilities afforded by the mere existence of the internet itself. Finman sold Botangle for 300 bitcoins when he was 17, but has since bought the brand back, citing his love for the name.
Space Time Capsules and Coinbits
In 2018, Finman led Project Da Vinci, an initiative of teenagers to create a âglobal time capsule,â collecting video from individual submissions worldwide to send via satellite into space. Finman teamed up with Peter Diamandis, founder of the X Prize foundation, adding significant momentum to the innovative project.
LAUNCH!!! A @RocketLab Electron rocket launches from the Mahia Peninsula in New Zealand with ELaNa 19 for NASA. #ThisOnesForPickering pic.twitter.com/u7HCNK79yE
â Michael Baylor (@nextspaceflight) December 16, 2018
The capsule was launched into space on December 16, 2018, as part of NASAâs ELaNa (Educational Launch of Nanosatellites) program. As a brief aside here, the crux of the unschooling philosophy is the exploration of ideas. This stands in stark contrast to obsolete, centralized educational approaches, where rote memorization of carefully pre-selected âfactsâ is the aim. As such, it makes sense that unschoolers and entrepreneurs like Finman always seem to be launching new projects; theyâre not trying to memorize the past for a test, but to shape the future.
In May, 2019, Finman also launched Coinbits, an onboarding app designed to help everyday people invest in small amounts of bitcoin via dollar cost averaging (DCA), using transaction roundup mechanisms when purchases are made. The Coinbits website states:
âBlockchain solutions like Bitcoin are leading the way, but the problem is the knowledge gap between cryptocurrencies and the every-day person. Weâre building CoinBits to do our part in helping ensure the collective interests of people around the world are informed and have access to this future economy.â
Unschooling Open Mind: From Staunch Maximalism to Active Solution-Seeking
In a recent interview with Youtube channel Invest Divaâs Kiana Danial, Finman, who in 2017 had called Bitcoin Cash a âfraudâ on Twitter, detailed four problems he sees with his previously championed BTC at present:
- Transactions are too slow.
- Transaction fees are too high.
- The devs are âvery cultishâ with too much infighting.
- Itâs âtoo hard to get into.â
Finman maintains in the interview that the reason people have not moved away from BTC, though âit could totally get to that point,â is simply brand marketing and familiarity, claiming âthere are 10, 10X better technologies than bitcoin [BTC] that already exist today.â After claiming that âBitcoin is dead, itâs too fragmented,â and commenting positively on bitcoin cash in an interview early last year, the young dynamo is now reportedly âconverting all my crypto money into this coin.â The coin he references is metal, as Finman is gearing up to become a big investor in the Metal Pay platform.
After investing in bitcoin at age 12, Finmanâs life became tolerating school, eating, sleeping, and trading crypto.
Innovation, Unschooling, and Decentralized Money
While the media obsesses over the âbitcoin millionaireâ aspect of Finmanâs story, thereâs a far more compelling narrative here, just below the surface. Finmanâs independent spirit, which led him to invest in bitcoin at 12, is exactly the type of thing that is not typically encouraged in public schools. In public school, kids would read about bitcoin 10 years after the fact, and be told what to think of it. Finman invested, traded, and bet his parents he could turn it into a million bucks, and if he did, he wouldnât have to go to college. Thatâs a big difference. The difference between living actively, and passively acquiescing.
He joins a long list of high school and college dropouts. Tech âlosersâ like Steve Jobs, Bill Gates, Michael Dell, and Spotifyâs Daniel Ek. Entertainment and arts nobodies such as Quentin Tarantino, David Bowie, George Carlin, and Keanu Reeves. The list goes on, of course. Due to the decentralized nature of cryptocurrency, itâs little wonder innovators and unschooling proponents like Finman turn to the tech in enthusiasm. Speaking again to Investment Diva on Facebookâs Libra, the young entrepreneur remarks:
Although itâs cryptocurrency technology, you know itâs also very centralized so itâs very anti the spirit of cryptocurrency.
He goes on to elaborate that in regard to the global economy and currency competition âItâs all the game on who wants to have the one-world [decentralized] currency. Right now the U.S. dollarâs the closest thing we have to the one world currency. Rome ⊠they were the one world currency for a while.â When questioned by Kiana Danial about Iranâs development of a national crypto, Finman replied that oppressive regimes like the U.S., China, and Iran use whatever money is available, implying itâs not cryptoâs fault for the inhuman behavior.
The Spirit of Permissionless Learning
One of Erikâs teachers once told him to âdrop out and work at McDonaldâs,â because he didnât like school. Founder of pioneering democratic free school Summerhill, A.S. Neill, wrote in his 1960 book of the same title:
A child is innately wise and realistic. If left to himself without adult suggestion of any kind, he will develop as far as he is capable of developing.
Well, as far as that goes, Erik Finman has done alright. His capabilities surpass McDonaldâs-fry-cook level by some measure. A.S. Neill also wrote that he would rather Summerhill school produce a happy street sweeper than a neurotic brain surgeon. This is another thing. Who gives a damn if someone works at McDonaldâs or if theyâre a 20-year-old entrepreneur? Thatâs the whole point of unschooling: decentralized, permissionless education for the individual, regardless of what tradition and culture may dictate. So far, Finmanâs life has been a textbook example.
What do you think about Finmanâs adventure in unschooling? Let us know in the comments section below.
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