Here is a funny little story from this weeks #SaturdayForSatoshi protest:

I was approached by 3 people in their late teens, asking me what I was doing and what the numbers were all about.

I told them they were related to #bitcoin.

It peaked curiosity in one of them, asking me if I was willing to sell.

I asked him if he had something that might be of value for me.

So he started searching his pockets and took out some foreign fiat.

Since I had never seen these, and they fit nicely into my collection of funny colored paper, I offered him 21k Sats for it. Not knowing, if I was rugging him or the other way round.

He left happily with his friends to get some noodle soup and I sat there wondering if those pieces of paper were actually worth 21k Sats.

When I went home, I was curious and checked the exchange rates of hungarian forint and israeli shequels against bitcoin.

Turns out, that if I would have been able to exchange it back for sats that evening, I’d have made a 5:1 deal (100k Sats).

Moral of the Story: TL;DR

Fiat world is designed to make you a scammer, since you don’t know how to properly value paper.

Still thinking, that I overpaid a lot. My grandchildren will be furious with me 🙃

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Discussion

Did the guy even care about what 21k was worth? Sounds like a bitcoiner to me if not.

You never cared about the paper, you paid what you wanted for paper that you were never going to cash in, you paid to celebrate someone's enthusiasm and friendliness. You didn't get scammed. Even if they were worth €1.00.

No he was completely new to #bitcoin.

I told him it was worth approx 10€.

Hesitant to install his first lightning wallet on the street, since he thought he was too young to do that.

That's super cool though. 🔥🔥🔥

I have been working just on my extended family for about a year and I have set up my first family bitcoin meetup.

I invited my 14yo cousin who's dad is actually into bitcoin. Her first response was exactly that: "I don't know if I am old enough to learn that" and she looked at her dad who said "of course."

I also replied: "are you too young to learn maths?!" 😅

I am using the meetup to explain private keys and help everyone set up a password manager where the master password will be a BIP32 seed phrase so they can practice looking after a private key.

Sounds pretty awesome!

Love the idea with the password-manager seed phrase!

I’ve had my ups and downs trying to orange pill my family.

And after realizing:

"Who am I to put a selection bias on who may vibe with the idea of #bitcoin?“

I’ve decided to just sit in front of my local bank, and talk to everyone who feels the vibe.