My no-coin friend wants to buy Bitcoin but he’s taking care of his debt first. I think there are a lot of people out there that want Bitcoin but can’t buy yet
Discussion
He can start by buying tiny amount. No reason to put it off until he is debt free
I’m hanging out with him tonight. Going to push harder for him to buy a little
Don’t let the perfect be the enemy of the good. Tell your friend to just buy $20 of bitcoin and then focus on their debt. You don’t need a whole coin or go all in on the beginning
Ya I told him that but he is focused on erasing his cc debt. Hard to convince someone to forget their debt
How good of a friend is he? Maybe give him some sats just so they can have the experience
I actually shouldn’t call him a no coiner bc I gave him around 50,000 sats to mess around with. He just doesn’t buy himself yet. Going to push for him to get a little when I see him later
I’m working with my daughter now. She just got a job and setting up a savings account for emergency liquid fiat but I helped her create a bitcoin wallet for long term savings. Gave her some sats to get her started
Onboard him to Nostr and maybe the #[4] app. It gives out free sats for reading articles. Great way to orange pill someone even if they can’t affoard to buy Bitcoin.
I’ve showed him zaps. I think it’s a little overwelming for him. I taught him what the lightning network is just a few days ago when I was showing him. I think for people that have no clue what’s going on it’s all a lot of info to process
Indeed there is, but I'm sure it will change over time. As long as the interest to explore is there, maybe your friend will surely find a way.
This is true!
Respect for you friend working to get debt free first. That is a great thing to be!
Maybe a few sats here and there could be good as he pays off the debt - good luck convincing haha. Hope you have a fun hang!
I feel like you raised an important point. Tell him to dca alittle while he’s taking care of his debt. Then, when he’s ready, he’ll lump sum in.
It’s easy to tell people to pay debt off slowly because of inflation, but realistically it’s a dark cloud that looms over people’s head until it’s paid off (personal experience)
I bought a tiny bit yesterday thru an atm. Ripoff. Need to find a cheap way to buy. But I still don’t see it as having great value. Or being the cure for the issues of regular currencies.
Keep studying. I wouldn’t buy a large amount until you get why you should buy and the value
Thanks for the tip. Do have a lot of reading to do
There are a lot of places to buy sats and a lot of places to learn. I would start with Trader University and BTCsessions on YouTube.
+1
You would sell the first time the price takes a dive which would lead to negative emotions towards bitcoin, which leads to not buying any anymore which leads to ngmi.
You will find plenty resources and people to ask here on nostr.
+1
You shouldn’t do anything other then a DCA (no kyc manual buys or a easy service like strike, Cashapp etc)
Read the Bitcoin standard before you do anything else
The ATM's are a ripoff, and you get KYC'd for your trouble. Find local bitcoiners or try robosats.
Exactly. And now that I have zapped, I have probably assisted identifying others. Not a fan yet.
Zaps are completely non-kyc in my opinion.. your zaps are getting mixed with hundreds of others zaps to the receiver
KYC doesn’t exist onchain, once sats start moving around the link from the UTXO given to you from the exchange begins to break down.
But the record of your purchase in an off-chain data base is still there.
Excellent. So all anyone knows, I bought some. Unless I give them access to the wallet, that should be all they know.
If you don’t buy kyc then they won’t even know you bought some
If you are running your own node and generating invoices from it to which you are paid, you are doxxing your node's, IP/onion address, liquidity, etc...your node now has a nym and/or a face+locality.
If you are using a custodial lightning service, they will know your IP and potentially your rough location, if you aren't using a VPN.
Onion address will not tell you anything about the actual person though, right? That’s why I don’t suggest runningclearnet nodes, your IP being associated with a node is no bueno
Yes, your onion service address isn't associated with any other information. The problem with tor is latency, hampering payment routing to, from, and the node. You kind of just have to accept that your routing income will be low and your payments might take a few more seconds than a clearnet payment.
When it comes to people with debt, I don't even talk to them about bitcoin. Debt is a lesson in itself, and they are much more mature and prepared for the bitcoin conversation once they have it behind them.