Bitcoin requires work. Work to produce, work to understand, work to obtain, work to secure, work to not lose it. When you try to give it away, it’s rarely appreciated, because there’s no work involved.

Long story short: Don’t give bitcoin to anyone who doesn’t already want to do the work. nostr:note1w4k6nh5dvkp2vy2nst08d4nwe4nlyyyw8auu5qqwtjglx4sgtr2spgekad

Reply to this note

Please Login to reply.

Discussion

Yes, I agree, but an open dime can be a curiosity seed to initiate the learning journey. Has to be the right personality type imo.

That’s what I mean #[3]​ — if you’re going to gift sats to someone, make sure they’ve already been introduced to the concept ahead of time, and have a basic idea of what they’re getting into.

You can tell pretty easily after one conversation if this is someone who will keep learning, or if they’ll just cash out or delete their wallet without a backup because they needed more space on their phone for TikTok videos.

That last part is a true story.

The curious will lead and the tik tok crowd will be the last to accept. When they do, it won’t be because of the network resilience, but because of the faith of the rest of the people who have accepted it. 😢

i like this philosophy

I get your point but I disagree.

People is different, some don’t give a fuck, some will try to sell it back to fiat afterwards, some will hold it forever and forget about its existence until it pumps and they sell it for fiat, but some… they will go down the rabbit hole because they don’t understand what they were given.

Curiosity is different among everybody, specially for the ones that NEEDS Bitcoin as of now.

In that case, a book about bitcoin makes a much better gift. Buy some copies of Inventing Bitcoin by #[4] and write a note inside saying you will send some sats once they’ve created their own wallet.

That’s a good idea!

I love this idea 🤙🏼

My advise:

Giving away bitcoin for example as a birthdaypresent with the requirement to withdraw it from the paperwallet within a year. If that doesn't happen back to your own wallet. You give away the opportunity. 🤙

I don’t want the pain of even doing that. Might as well just give them an empty wallet and IOU they can redeem later.

Something like: “I’ll send the sats to you when you’ve demonstrated that you know how to create, delete, and restore a wallet from a seed phrase.”

That's a very good argument. I've given BTC away for birthdays and Christmas, and I have seen first hand the lack of appreciation. I'm pretty sure all those sats are now permanently lost.

Sometimes you have to go through this a bunch of times to understand my perspective.

In one single case I gave a fraction of a BTC to a teenage relative, and I had enough sense to keep a copy of the seedphrase. It's locked, but I can access it if/when necessary.

Yep, I’m literally looking at my cousin’s address on mempool.space right now and it has never been touched.

Yeah I've come to this conclusion. I used to give some Sats to people but if they don't understand it they don't appreciate it.