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69 sats \ 1 reply \ @pillar 5 Oct 2022 \ on: Real life game of hodl bitcoin
As much as I find your intent on promoting BTC lovely, I feel you are spending a lot of your energy for very little return in terms of adoption. Remember, people will adopt BTC when they need it and understand it. Most people in the west satisfy neither, and if you shovel understanding down their throat, they will probably still ignore it since they still don't need it.
Let me propose an alternative, low-time preference idea that I do myself. Every time a good friend of mine is trying to have kids or gets pregnant, I buy some sats for the future child. I basically grab the fiat amount I would probably spend buying some gift for them once the baby is born, and buy BTC with it. After the baby is born, you can sit down with the parents at some point you consider fit and explain to that parents that you have some BTC for the child and provide a good ol' maxi rant that resonates with them. The key here is that, if you have been a bit lucky, there's a good chance the value of the BTC has gone up, and you can explain the parents how much it has increased in value since you first got it. This is the true gift, and not the BTC itself: showing them by example how BTC enables the loving action of saving for the future of their child in an effective way. If all goes right, you can teach them how to keep doing it so that they can save more BTC for him.
What to do then can be customized to the couple. You can give them ownership if they are savvy. You can custody it for them during some time until they feel ready. You can turn it into fiat and give it to them if they think you are an idiot.
And finally, one of the reasons I like to do this is that, as much as I believe in libertarian values and I think we are all free but also responsible for ourselves, I can't help but feel it's unfair that children pay for the ignorance of their parents. I hope that, if all shit goes wild and there are serious currency failures that create misery, that bit of BTC might at least give the family a headstart or an opportunity of sorts.
Awesome idea, thanks for sharing! I think it's indeed a great way to spread adoption to those you know, love and care about. However, nothing stops one from doing both that and what I proposed. I haven't done anything yet except writing the post, that didn't require much energy! For now it's at the discussion stage, I might try to do it after all and report back how it went. After all, the cost is a piece of paper, some toner and two 1 sat/vB fees if it doesn't work out.
I was thinking about on-chain feedback as well in case the stranger decides to join the game. Like an OP_RETURN tx to their address that tells where to find the next sheet with a key.
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