I've come across several instances where individuals had their first encounter with Bitcoin through receiving a tip after providing a service. One such example can be found at https://twitter.com/WalkerAmerica/status/1667083128433721345.
I've been contemplating whether tipping is an efficient strategy for Orange Pilling, and I'd like to discuss my doubts and gather your thoughts on this matter.
Here are my concerns
Tipping is typically conducted through Lightning or another Layer 2+ solution. This often leads to the receiver ending up with custodial Bitcoin on an LN wallet, which contradicts the principles of on-chain custodial/NYKNYC that we usually advocate. They might mistakenly believe they possess actual Bitcoin when, technically, it's an IOU. If they don't invest the effort to educate themselves about Bitcoin, there's a high likelihood that these coins could be lost.
Despite these reservations, I do recognize some advantages
- By 'owning' a small amount of Bitcoin, individuals might develop an interest in learning more about it.
- When they encounter news about Bitcoin's price rise (NGU - Number Go Up), they will remember they have some and realize that it wasn't as complex as they initially thought. This boost in confidence could motivate them to learn and acquire more Bitcoin.
- Receiving a Bitcoin tip instead of fiat is an unusual experience that they are likely to discuss with others, generating further curiosity and awareness.
Considering these points, I'd appreciate your input on the following aspects
- Which wallet would you recommend for this tipping approach? I personally lean towards Wallet of Satoshi due to its user-friendly interface.
- Where should we direct recipients to learn more about Bitcoin? I find https://bitcoin.rocks/ to be a simple starting page that I often recommend. When making a payment with WoS one could add for example a note: Learn more at www.bitcoin.rocks
I'm eager to hear your ideas and suggestions on this topic. Let's discuss!