Superhot take: BTC is too hard for the average bluecollar person (who needs it the most).

I've convinced close friends of the need to get BTC as a hedge for the future, only to have them ask me to do it for them instead. They don't know how to approach the technical aspects of it - it's daunting. And I'm just talking about buying on a centralized exchange. I can't even begin to explain non-KYC options to them.

Unfortunately, this leaves them even more anxious, because they are aware of how broken the system is, and they (more or less) see that BTC can help them. But they're unable to act on it.

And something worries me even more: some may act on it, and just get stuck in a centralized exchange, equally vulnerable to confiscation and injustice. Or even worse, they may somehow manage to self-custody and somehow mess up and lose their funds.

We need real solutions for real people.

Reply to this note

Please Login to reply.

Discussion

Is buying with a visa or a master card possible for them? There are some mobile wallets quite simple to start with if you have a card. Muun wallet is even non-castodial and offers both bitcoin and lightning interface in one app.

I never used Muun, but it does look quite accessible. Thanks for the tip!