I bought everyone in my family bitcoin for Christmas in 2022…
None of them still have that bitcoin today.
Where I went wrong:
Sent it to their Coinbase wallets…
This year, I decided to get Bitcoin for everyone’s Christmas gift again…
But this time, I’m going cold storage, locked away. No one is allowed to touch it for 20 years.
🤝
Interesting. I also have been giving bitcoin to people over the years and sent it to their newly installed hot wallet in their phone. I emphasized the backup words are the most important thing, multiple have a new phone and/or lost their words, there are also multiple who have kept their words. It's the perfect test for responsibility with a small amount.
I've also given a few satscards, which is cool because they can also pass it along and you can physically hold it.
I was also considering something you did and that is giving them a number of sats and storing or in a BIP-85 wallet for x years and telling them they have it stored somewhere.
