Subnostr

The absolute lowest barrier to entry to get normies into Bitcoin must be setting them up with DCA at some neo-bank.

You have to stack enough or trade away enough to get it. There is no other way to convert people. Fiat must be sold one way or another.

Aldin 1y ago

Downloading app and writing 12 words is easier than that. Besides, it is more satisfying to teach them to do it the right way.

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Deleted Account 1y ago

And how will their BTC stack grow from writing down 12 words? An empty wallet is of no use

Aldin 1y ago

You can sell them some. Thanks to that they will witness an actual bitcoin transaction.

I would be worried that if you just pass them onto a centralized institution, they will misunderstand what bitcoin is because of it.

Or how would you explain it to them? "Hey, there is this bitcoin technology. But don't use it. Buy IOU from a corporation instead."

Deleted Account 1y ago

I would not waste any KYC-free BTC to train someone. Once they accumulate, they can self-custody their own sats from the corporation. At the end of the day, they would simply be buying from an exchange, as almost all banks can only act as proxies with a simplified UI/UX.

Aldin 1y ago

You know that they will likely never withdraw into self custody.

Deleted Account 1y ago

They will if you tell them to. But yes, on their own, probably not. I always cringe at the amount of funds on exchanges and its sad

Aldin 1y ago

I had success explaining self custody to normies by simple analogy. It's like holding a gold coin vs. having paper gold. After that everyone understands that it's better to hold the real thing. Then they can go and buy from an institution.