Replying to Avatar Aubrey Strobel

Headed to my little brother’s college graduation in Arizona. Should I gift him cash (he asked for) or bitcoin for his gift? lol
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The Daniel 🖖 2y ago

I’m gonna be honest with you, #[1] — gifting sats to people who don’t understand bitcoin can be a disappointment for both you and the recipient.

I gave a laminated paper wallet with some sats on it to my cousin as a birthday present years ago. The good news is, he never spent it. The bad news is, his parents don’t know where the envelope with the wallet is because they had a flood at their old house and everything they could salvage got boxed up in a hurry.

I kept a secure backup for him so I could recover it if necessary, but every time I’ve mentioned it to him or his family over the past few years, they never showed any interest. He’s in college now and I probably won’t mention it again for a few more years. If they decide its important they know how to reach me.

When you give the gift of bitcoin, it’s the gift that keeps on giving you a headache.

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pukka 2y ago

It’s hard when people still think #bitcoin is crypto 🙄 or some choose not to ignore dysfunctional monetary systems

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The Daniel 🖖 2y ago

What’s the most common question you usually get after taking the time to show someone how to download and set up a wallet, and then sending them a dollar worth of sats?

“Cool, how do I cash this out for real money?”

🤦🏻‍♂️

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pukka 2y ago

They don’t know how the current system works when’s transferring money and how banks actually work. I had to seek the knowledge because I was curious and some of it isn’t easy to find, well because they want it that way.

“proposed a system that would be run by private bankers who would act as federal agents”

https://www.senate.gov/artandhistory/history/minute/Senate_Passes_the_Federal_Reserve_Act.htm

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Fat Bear 2y ago

Honestly just go with the cash, I doubt he's going to save it either way